French Oil Giant TotalEnergies vows to have ‘no future with Russia’ September 29, 2022 TotalEnergies is ramping up investments in a bid to distance itself from Russia. The French oil giant has “no future with Russia”, said Patrick Pouyanné, chairman and chief executive, in a strategy update presented in New York on Wednesday. Instead, it will look more to Qatar and the US while escalating their production of liquified [...]
Germany rolls out £177bn support package to ease soaring energy bills September 29, 2022 Chancellor Olaf Scholz has stepped in with a historic support package to support households and businesses from soaring energy prices.
Kremlin gets ready to annex four regions of Ukraine on Friday September 29, 2022 Press Association Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule. The Ukrainian government and the West have denounced the ballots as illegal, forced and rigged. Russian President Vladimir Putin will attend a ceremony on [...]
Octopus snaps up two German wind farms in European push September 29, 2022 Octopus Energy Generation has announced two new deals for German onshore wind farms worth a combined 57GW.
Nord Stream explosion signals challenging winter for Europe September 28, 2022 Experts warned the Nord Stream crisis could beckon future unpredictability across Europe, warned experts.
Block Russian oligarch from spending frozen funds, High Court told September 27, 2022 The UK’s National Crime Agency (NCA) is seeking to block sanctioned Russian billionaire Petr Aven from using £1.5m in frozen funds stored in bank accounts linked to two companies responsible for managing his central London properties and Surrey estate. The £1.5m funds were frozen by the NCA in May after HSBC and Monzo Bank raised [...]
Exclusive: Yu Energy warns six-month business support will not be enough September 27, 2022 Market volatility will endure beyond this winter and businesses could face ultra-high energy bills well into next year, warned the boss of challenger supplier Yu Energy.
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
The United Nations’ gathering was an urgent call for our leaders to think bold September 27, 2022 If you noticed the city a little empty of the usual politico, media and business types last week, it wasn’t an extension of the official mourning period. As soon as the ceremonials were complete large swathes of our political class decamped to the United Nations General Assembly, the annual diplomatic circus that takes over the [...]
Former Boots exec in talks to join oligarch linked investment fund LetterOne September 26, 2022 A former executive at the firm that owns Boots is in talks to join the board of Russian oligarch Mikhail Fridman’s Luxembourg headquartered investment vehicle LetterOne. Former Walgreen Boots Alliance co-COO Alex Gourlay is in advanced talks to become a non-executive director at LetterOne after stepping down from the pharmacy owner earlier this year, [...]