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.
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]
London hedge fund trader hiding in Dubai told to pay staggering £1.1bn to Danish taxman September 16, 2022 A British hedge fund manager and financier was slapped with a tax bill of more than £1bn. The man, accused by Denmark of masterminding a massive tax fraud, has been ordered by a Dubai court to pay Copenhagen’s tax authority £1.1bn, court filings show. The order by the Dubai Court of Appeal against Sanjay Shah [...]
Remember the Russian super yachts? They could be sold to rebuild Ukraine September 16, 2022 In Europe, some places are inherently associated with wealth. Think St. Tropez in France, or Portofino and Porto Cervo in Italy. On a stroll in these marinas, you see yacht after yacht after yacht – each one bigger than the other. It’s impossible not to stop and wonder who owns them. These superyachts have long [...]
Liz Truss is determined to ignore reality and push inflation up with price freezes September 15, 2022 It is hard to believe only a week has passed since Liz Truss made the announcement that was set to immediately define the start of her premiership; a blanket cap on energy bills so that the average household pays no more than £2,500 a year. After being harried for weeks by the opposition parties, she [...]
China in three decade oil demand hit amid economic slowdown September 14, 2022 China oil consumption is set to shrink by the greatest amount in three decades, driven by Beijing’s adherence to strict Covid-19 restrictions to tame the virus, the world’s energy watchdog said today. Oil demand will drop around three per cent this year caused by economic activity taking a hit from Beijing’s zero-Covid tolerance policy, the [...]
Von der Leyen sets out £120bn energy windfall plan and says Ukraine may join single market September 14, 2022 The European Union has set out plans to raise more than £120bn with a windfall tax and revenue cap on energy suppliers, as its commissioner reiterated the bloc’s backing for Ukraine. The body announced it would cap revenues for non-gas energy suppliers in a bid to reverse the fuel problem in Europe, sparked in part [...]
Nervous Kremlin faces growing efforts from all sides within Russia to topple Putin as coup rumours swell in Moscow September 14, 2022 Staunch Putin loyalist Kadyrov criticizes Kremlin on Telegram Lawmakers in St Petersburg urge parliament to prosecute Putin for treason Lawmakers in Moscow call for imminent Putin removal Tensions between Kremlin and security service FSB growing fast Social media activity in Russia in overdrive Analysts convinced Kremlin coup may be imminent ‘Siloviki’ group of former FSB [...]