Oil prices slide to nine month lows as strong dollar spooks the market September 26, 2022 Oil prices crumbled to their lowest levels in nine months this morning, amid fears of a looming recession and a resilient dollar.
Ericsson pushes back against Russian equipment exports September 25, 2022 Ericsson pushed back against reports that it had continued to export equipment to Russia even after war had erupted in Ukraine. In a statement released over the weekend, the Swedish telecom equipment maker said the initial coverage from media outlet Swedish Radio was “factually incorrect” and disputed claims that it was granted a series of [...]
Polymetal shares plummet as troubled miner scraps dividend September 22, 2022 Polymetal shares fell 11.5 percent today after the Anglo-Russian precious metals mining company announced it was scrapping the full-year 2021 dividend due to dwindling cash flows and a lack of new sales channels. It also suggested cancelling the interim 2022 dividends “to allow the Group to strengthen its cash position and enhance its resilience in [...]
Ex Russian president and PM: Nuclear weapons may be used to defend land seized from Ukraine September 22, 2022 Strategic nuclear strikes may be used to defend territories seized by Russia, its former Prime Minister and President Dmitry Medvedev has said. The threat was made on Thursday ahead of referendums due to be held in Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia provinces, about being incorporated into the Kremlin’s reach. This comes after Vladimir Putin [...]
Sterling’s freefall is global but there are still markets where the Pound buys you more than last year September 22, 2022 The pound has tanked again against the dollar and is now down 18 per cent year-on-year. As the Bank of England prepares to hike interest rates later today, Sterling has endured a rough ride on the currency markets over the last 12 months. As a result, this is making holidays more expensive in 48 out [...]
Ed Warner: Marathon season revives questions about unequal fight against doping September 22, 2022 The track season is behind us and athletic thoughts now turn to autumn marathons. Berlin, renowned world record course, this Sunday. London and then Chicago within a fortnight. New York at the start of November. That’s four of the six marathon majors in seven weekends, and doubtless plenty of competition among race organisers to secure [...]
Oxford Street candy stores to face tougher rules amid claims of ‘dirty money’ and tax evasion September 21, 2022 Westminster Council will come down hard on its so-called ‘dirty money’ problem, zeroing in on US-style candy stores in Oxford Street. A motion will be passed this evening as 30 confectionary shops are under investigation for business rates evasion totalling £3m. The council leader said the war in Ukraine highlighted Russian oligarch investment in Westminster, [...]
German government at loggerheads over gas levy as Uniper deal looms September 21, 2022 Germany's coalition government is divided over plans for a gas levy on consumers from October, following the nationalisation of Uniper.
Russia holds its breath as Putin mobilises hundreds of thousands amid risk Ukraine war may turn nuclear September 21, 2022 The Russian president announced earlier this morning a partial military mobilisation, with 300,000 reservists set to be called up as the Kremlin attempts to regain ground in the face of a counter-attack by Ukraine’s forces. Vladimir Putin warned Russia would use “all the means at our disposal” to protect itself as the conflict in Ukraine [...]
Uniper set for nationalisation as Germany closes in on deal with Fortnum September 20, 2022 Uniper is on the verge of being fully nationalised, with the German government announcing plans to buy Fortum's stake in the company.