EV marker Arrival to axe 800 jobs globally due to market volatility July 14, 2022 UK-based electric vehicle (EV) maker Arrival is set to axe 800 jobs globally as it continues to feel the pinch from the ongoing economic volatility. Approached by City AM, Arrival declined to comment on the number of UK workers that would be impacted as the company’s employees are scattered mainly across Britain, the US and [...]
ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns July 14, 2022 EY’s sustainability chief said the ‘environmental, social and governance’ (ESG) label had been “hijacked” by marketeers today as the firm called for greater scrutiny and regulation of the space to prevent it falling into “disrepute”.
Battery-powered storage vital to meeting EU climate goals and reducing Russian gas reliance July 14, 2022 Companies have called for a rapid roll-out of battery-powered storage to harness the boost in renewable generation planned in coming years.
The lack of space for this year’s grain is another hard blow to war-torn Ukraine July 14, 2022 As hot weather hits Europe, it’s time for those who are still able to farm in Ukraine to start this year’s harvest. Even amidst a renewed, brutal Russian offensive, farmers have to choose between going bankrupt or picking up this year’s crops despite the risks. Most choose the latter. Letting the crops rot under the [...]
EU prepares to cut down gas demand ahead of cold winter months amid Russian disruption July 14, 2022 The EU will encourage member states to cut down the continent's gas demand by incentivising industries to use less energy.
Naftogaz asks creditors to defer debt payments as Russian invasion takes its toll on energy giant July 13, 2022 Ukraine's state-owned energy giant is struggling for cash, with many of its customers unable to pay their bills following Russia's invasion.
The investment trust sector and the Four Horsemen – a review of Q2 22 July 13, 2022 Conquest and War – Russia’s invasion of Ukraine and the ongoing conflict between the two countries; Famine – at the very least the increased threat of global food shortages as supplies from Ukraine, the ‘bread basket of Europe’, increasingly become weaponised; Death – despite the roll-out of vaccines, Covid-19 continues to mutate and take lives [...]
The Evening Standard says commuters coming back despite losses deepening July 12, 2022 The Evening Standard reported a loss of £14m for the last year as the commuter paper battled to draw office workers back to its pages. According to filings on Companies House, the firm faced a 36 per cent year-on-year fall in turnover from £44m to £28m last year. The London freesheet said that despite work [...]
Euro kisses parity with US dollar for first time in two decades July 12, 2022 The euro kissed parity with the US dollar for the first time in 20 years today. Fears of the Continent tipping into recession have strengthened recently due to bets that Russian president Vladimir Putin will choke energy supplies to the bloc. The currency used by 19 countries – soon to be 20 when Croatia adopts [...]
Government set to unveil fresh capital markets reform to boost the City July 12, 2022 The government is set to push through a number of further reforms to the City’s capital markets to ease the way that listed firms can raise cash and allow greater participation from retail investors.