Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.
FTX collapse may be ‘best thing ever to happen to crypto’, argues Scotcoin chief November 14, 2022 As the crypto space is rocked by the aftermath of last week’s FTX collapse, exchanges are rushing to calm investors’ fears. FTX and Alameda have now filed for chapter 11 in the United States – and about time, according to Temple Melville, the CEO of the Scotcoin Project Community Interest Company. He told City A.M. [...]
Airbus chief: A China-West economic divorce remains unlikely November 14, 2022 The economic relationship between China and the West will never be truly over, Airbus’s chief executive Guillaume Faury has said. According to the chief executive, despite current economic and political tensions, the two blocks are too intertwined to sever all ties, as this would lead to a global economic collapse. “I think a breakup of [...]
Sunak must choose between protectionism or global strength to remake Britain November 11, 2022 Sunak must reunite both party and country, which is in need of strong direction and thoughtful leadership.
Frozen Russian assets should act as ‘wake up call’ for UK government, campaigners say November 10, 2022 The billions in Russian assets frozen by UK authorities since the start of the war in Ukraine should act as a “wake up call” to the British government, to ensure it never allows a “kleptocratic regime” access to the country’s economy again, campaigners have said. The record £18.39bn in assets frozen by the UK’s [...]
Former Chelsea owner Roman Abramovich to receive apology from Jersey Police over ‘illegal’ searches November 10, 2022 Roman Abramovich will receive an apology over illegal searches conducted by a Jersey police force, it has been revealed. A court order seen by City A.M. said the force on the Channel Island of Jersey acted illegally when conducting searches at properties reportedly connected to the billionaire in April 2022. The Russian-born Israeli oligarch was [...]
National Grid urges ‘transparency’ as it commits £40bn to UK’s energy system November 10, 2022 National Grid has called for stability in the UK’s investment climate, so it can ramp up infrastructure and help the country transition to a greener future.
Russia retreats from Kherson in major setback for Putin November 9, 2022 Russia has ordered its troops to retreat from the Ukrainian port city of Kherson in a major setback for Vladimir Putin’s war effort. Russian general Sergei Surovikin today said it was no longer possible to supply the city and the western bank of the River Dnipro. Kherson, which had a pre-war population of 280,000, was [...]
Manteca restaurant’s kale pasta is an easy winter warmer recipe we love November 9, 2022 A perfect winter warmer, this light pasta dish is easy to make and sure to impress your dinner guests with its vibrant colours, says Chris Leach, chef at the Italian Manteca restaurant in Shoreditch. Chris tells us: “This is a great dish for the colder months and when cavolo nero is in season. It’s a [...]
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]