UK doubles support for Ukraine with £1bn military aid June 30, 2022 THE UK has pledged to give an extra £1bn in military aid to support the Ukrainian war effort, Boris Johnson said at the NATO Leader’s Summit yesterday. The extra money will almost double the total sums Britain has given in military aid to Ukraine so far, in bringing the total amount to £2.3bn. The UK’s extra [...]
Russia’s second-richest man and Putin’s cousin are latest targets for UK sanctions June 29, 2022 Russia’s second richest man and president Vladimir Putin’s first cousin once removed are he latest targets of British sanctions against the Kremlin. Owner of major conglomerate Interros, Vladimir Potanin, has been targeted by the UK government because he “continues to amass wealth” that supports Russia’s war against Ukraine. Potanin, who acquired Rosbank and shares in [...]
Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
UK cuts oil imports from Russia after Ukraine invasion as Norway establishes energy dominance June 29, 2022 Imports of Russian oil have tanked this year, following the country’s invasion of Ukraine with traders seeking alternatives after Western sanctions.
If Putin were a woman there would no ‘toxic, crazy, macho’ war in Ukraine, says Boris Johnson June 29, 2022 Russian President Vladimir Putin would not have started the “crazy, macho” war in Ukraine if he were a woman, Boris Johnson firmly believes. The Prime Minister also said that while G7 leaders “desperately” want the war in Ukraine to end, there is “no deal available”. Speaking after the G7 summit in Bavaria, Johnson told German [...]
Oil round up: G7 stops short of unveiling mooted oil price cap while OPEC revels in rising revenues June 28, 2022 The G7 has stopped short of banning the transport of Russian oil above a certain price, and will instead just explore the option.
Kwarteng plays down prospect of blackouts this winter amid supply crunch fears June 28, 2022 Business Secretary Kwasi Kwarteng has played down the prospect of a winter blackout, dismissing the scenario as an "extreme possibility."
Outgoing lottery operator Camelot faced with falling ticket sales and Brits ‘tightening their belts’ June 28, 2022 Falling sales of tickets and instant win games amid signs that players had “tightened their belts” in the face of soaring costs are hitting outgoing UK National Lottery operator Camelot hard. Camelot, which recently launched legal action against the Gambling Commission after losing the lottery’s next licence to rival Allwyn, saw sales drop 3 per [...]
‘War crime’: NATO to up troop numbers as shopping mall blaze branded ‘one of most brazen terror attacks in European history’ June 28, 2022 NATO is set to increase troop numbers by up to 300,000, as Russia’s missile strike on a Ukrainian shopping mall has been branded “one of the most brazen terrorist attacks in European history” by Ukraine’s president. Vlodymyr Zelensky condemned the “calculated hit” against a shopping centre with 1,000 people inside, in the city of Kremenchuk [...]