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.
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
Russian man arrested at Gatwick Airport on suspicion of spying for the Kremlin June 15, 2022 A Russian man in his 40s has been arrested at Gatwick airport on suspicion of spying for the Kremlin. Counterterrorism police with Scotland Yard made the swoop reportedly as the suspect was trying to get on a plane and leave the country, according to The Sun. The Met Police said in a statement to City [...]
Q&A: Are we heading towards a commodity super-cycle? June 15, 2022 Commodities have achieved strong price gains recently, prompting speculation that we could be in the early stages of a so-called super-cycle; a sustained period of growing demand exceeding supply. Global commodity prices have moved higher in the past few months, partly due to geopolitical issues such as Russia’s invasion of Ukraine. A mismatch of demand [...]
Exclusive: Revolut boss criticises FCA over sluggish progress on banking licence June 15, 2022 The founder of fintech giant Revolut has criticised the Financial Conduct Authority (FCA) after the firm’s progress towards a full banking licence had been "slower” than expected.
UBS hikes oil price expectations as supplies tighten across global markets June 14, 2022 Low oil inventories, dwindling spare capacity, and supply fears have prompted UBS to rise its pricing forecast for crude oil this year
Gas prices soar as flows dip from key markets June 14, 2022 European gas prices have spiked again this morning amid both lower flows from Norway and Russia, and weak wind output.
Zelensky makes last ditch appeal to Germany for support as Russia encircles city of Sievierodonetsk June 14, 2022 Ukraine’s president Zelensky has appealed to Germany to give full support to Kyiv as Russia cuts off all routes to the eastern city of Sievierodonetsk. Kyiv’s leader appealed to Germany’s Chancellor Scholz to decide that “there can’t be a trade-off between Ukraine and relations with Russia.” This comes as the Kremlin’s troops destroyed the last [...]
Wikipedia pushes back against Moscow content bans about Ukraine invasion June 13, 2022 The Wikipedia owner has filed an appeal against a Moscow court decision, which demanded that it remove information relating to the Russian invasion of Ukraine. It comes after The Wikimedia Foundation was fined 5 million roubles (£71,000) for refusing to remove “disinformation” from Russian-language Wikipedia articles and delete banned information. “This decision implies that well-sourced, verified knowledge on [...]