Germany turns to coal as Russia puts pressure on gas supplies June 20, 2022 Germany will ramp up coal supplies and offer heavy subsidies to gas giants to ensure it can meet its energy needs this winter.
BP rubbishes Rosneft claim it is set to ‘wait out’ Russia’s war in Ukraine June 19, 2022 OIL giant BP has rubbished claims by the boss of Russian energy firm Rosneft that it was second-guessing its decision to pull out of the country after the Kremlin’s invasion of Ukraine. Igor Sechin said BP still remained its largest private shareholder despite announcing its departure from a three-decade partnership with the Russian company. “All [...]
Hackers delay Vladimir Putin’s opening speech at Russia’s version of Davos June 19, 2022 Hackers on Friday halted the start of Vladimir Putin’s opening speech to the St Petersburg conference dubbed ‘Russia’s version of Davos,’ as part of ongoing cyberwar between Russia and Ukraine. The Russian president’s opener was held up for more than an hour, after pro-Ukrainian hacktivists overloaded the St Petersburg International Economic Forum’s (SPIEF’s) servers with [...]
Central banks face tough journey to ‘Goldilocks’ policy setting June 19, 2022 Goldilocks found the perfect bowl of porridge through trial and error. The US Federal Reserve, Bank of England and the rest of the central banking elite are following a similar rationale right now. They are grasping for that “just-right” policy setting which allows an economy to reach its full potential without knowing what that setting [...]
Boris Johnson: We must avoid “Ukraine-fatigue” June 18, 2022 Boris Johnson has said we must avoid “Ukraine-fatigue”, as the Prime Minister touches down after his impromptu visit to Kyiv. The PM visited the war-torn country yesterday in a surprise visit and told reporters at RAF Brize Norton on his arrival back in the UK that we need to show Ukraine that “we are with [...]
Eurovision ‘to begin discussions with BBC’ as UK set to host next year’s contest due to Ukraine war June 17, 2022 The United Kingdom will likely host next year’s Eurovision Song Contest (ESC) because of the ongoing war in Ukraine, it has been announced. The European Broadcasting Union (EBU) issued a statement this morning saying it will “begin discussions with the BBC” about broadcasting the event from the UK, as this year’s runner up to the [...]
UK space industry to benefit ‘very positively’ from Russian sanctions June 17, 2022 The UK’s space industry stands to benefit “very positively” from sanctions against Russia, which have pushed its rocket launching capabilities off the global stage, one space chief has told City A.M. Russia’s launches once rivalled SpaceX in both frequency and success. But a mixture of bans and boycotts after its invasion of Ukraine has seen a [...]
Tensions mount between the Kremlin and the West as Gazprom cuts gas flows into Europe June 16, 2022 Europe is facing up to the growing prospect of a future without Russian gas, amid cuts from key pipeline Nord Stream 1.
France’s Macron, Germany’s Sholz and Italy’s Draghi take train to Ukraine and offer Kyiv a ‘message of unity’ June 16, 2022 German, French and Italian leaders have visited Kyiv to send a “message of unity” to Ukraine, as officials push for more weapons to be sent to the country. French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi took an overnight train, on a secret trip which reportedly took months to [...]
Europe ramps up buys of South African coal amid supply security push ahead of Russia ban June 15, 2022 European countries have ramped up purchases of South African coal to meet their energy needs, as the continent scrambles to secure supplies.