IEA warns OPEC+ cuts risk pushing global markets into recession October 13, 2022 OPEC+'s decision to cut oil production risks driving up prices and pushing global markets into recession, warned the IEA.
Lloyds and Aon team up to build customer resilience to Ukraine conflict October 13, 2022 The insurance industry must help customers build resiliencethe Russian invasion Ukraine, according to new research from Lloyd’s and Aon.
Ed Warner: Boxing’s parallel existence, Benn-Eubank, and a Trussian shambles October 13, 2022 The Sweet Science. The Noble Art. Boxing has a lore of its own and is a law unto itself. It occupies a parallel existence in which its rules, first published under the sponsorship of the ninth Marquess of Queensbury in 1867, and a love of litigation – real and threatened – are deemed sufficient to [...]
Putin up tensions: Russian President blames West for supply crisis October 12, 2022 Putin has pointed the finger at the West for Europe's energy crisis, despite a Kremlin-backed supply squeeze.
Gazprom chief: Europe is still at risk of gas shortages this winter October 12, 2022 Europe should watch out for a cold freeze this winter and supply shortages, warned the head of Gazprom.
In Ukraine, the Middle East is starting to take sides and it could tip the scales October 12, 2022 Historically, the Gulf states have maintained a delicate balance in international conflicts outside of the Middle East and North Africa. This is a formula they adhered to when the Russia-Ukraine conflict broke out in February; keen to remain neutral, Saudi Arabia and the UAE were determined to be passive observers. But that may be changing. [...]
Nissan logs £613m hit as Japanese carmaker exits Russia and shuts factory October 11, 2022 Japanese carmaker Nissan has said it plans to sell its Russian operations to its local partner and withdraw from manufacturing there. The company said its executive committee approved the sale to Russia’s Central Research and Development Automobile and Engine Institute (NAMI). The sale includes Nissan’s factory and R&D facilities in St Petersburg and its sales [...]
Nissan confirms full exit from Russia and takes ‘one-off impact’ of £620m loss October 11, 2022 Nissan has announced its full exit from Russia eight months after the invasion of Ukraine, taking a “one-off impact” of around £620m. Signalling its “imminent” departure from the country, the Japanese car giant approved the sale of Nissan Manufacturing Russia’s operations to NAMI, the Central Research and Development Automobile and Engine Institute. Nissan said it [...]
EU targets November deal to tackle ultra-high gas prices October 11, 2022 The European Union is pushing for a November deal on more emergency measures to tackle ultra-high gas prices.
Ministers chase mega-deal for gas from Norway amid supply scramble October 10, 2022 Ministers are still chasing a gas deal with Norwegian energy giant Equinor as the UK races to stave off blackouts this winter.