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 [...]
Europe funds Russian war efforts as biggest buyer of Kremlin-backed fossil fuels June 13, 2022 Fossil fuels are filling the Kremlin's war chest and despite its sanctions, the EU remains its biggest buyer of energy supplies.
Brexit: UKIP donor Arron Banks loses libel lawsuit against Carole Cadwalladr after High Court backs journalist’s public interest defence June 13, 2022 Brexit campaigner Arron Banks has lost his libel lawsuit against Guardian journalist Carole Cadwalladr, in a decision welcomed by the investigative reporter as a “victory for public interest journalism”. The ruling comes after Banks sued Cadwalladr over claims made on two separate occasions – during a TED talk in 2019 and on Twitter in the [...]
Separatists say ‘no grounds’ for reprieve after two Brits sentenced to death June 13, 2022 The head of the separatist region which sentenced two Brits to death for fighting for Ukraine has said there’s “no reason” to reverse the decision. Aiden Aslin, Shaun Pinner – and Moroccan Brahim Saadoun – are facing the ultimate price for opposing Russia, after a “sham” trial found them guilty of “mercenary activities” last week. [...]
Trafigura’s profits rise to $2.7bn following surge in commodities price June 11, 2022 Trafigura’s profits have soared after the price of commodities surged following the Russian invasion of Ukraine. In the six months ended 31 March, the group’s net earnings went up to £2.7bn – 22 per cent above 2021 levels – while revenue rose 73 per cent to around $171bn. “The Ukraine crisis placed supply chains under [...]