The tonic for Boris Johnson’s ailing leadership may well be boring politics, not Churchillian June 3, 2022 Boris Johnson’s Churchillian love affair is well documented. But facing increasing pressure over his future, the Prime Minister must resist his idol’s playbook for how to govern. When penning a biography of Britain’s wartime hero in 2014, the canny PM knew this would draw instant comparisons between him and the man voted the “greatest Briton”. [...]
Car production will improve this fiscal year, says battery maker Panasonic June 1, 2022 Car production is expected to improve this fiscal year, according to battery maker Panasonic. The Osaka-based giant – who makes batteries for marquees such as Tesla – said its total revenue derived from the automotive market will increase from 14 to 19 per cent, with operating profit growing by 16.6m yen (£101.9m). “We will be [...]
Quarter-finals continue at Roland Garros as French Open draws exciting June 1, 2022 The women’s world No1, a trio of Russians and a resurgent Marin Cilic are set to grace the clay courts of Roland Garros today when the last of the quarter-finals are due to be decided at the French Open. Since the dominance of Serena Williams has petered out, the women’s side of nearly every Grand [...]
Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Shell refuses to set up Gazprom account as it continues Russian withdrawal May 31, 2022 Energy giant Shell has confirmed it will not set up a rouble account, under new terms demanded by Kremlin-backed giant Gazprom.
Gazprom widens gas cuts after EU brings in oil ban May 31, 2022 Russia has escalated its economic warfare with Europe, with Gazprom widening gas cuts across the continent in retaliation to Western sanctions.
Petrol retailers are not profiteering despite record prices at the pumps, say experts May 31, 2022 Petrol retailers are not engaging in wholesale profiteering amid record forecourt prices said industry analysts.
Sluggish start for FTSE 100 as Russian oil imports cut off May 31, 2022 The FTSE 100 was off to a sluggish start on Tuesday after EU leaders have hashed out a plan to block more than two-thirds of Russian oil imports. The capital’s premier FTSE 100 index was up just 0.2 per cent while the brent crude price rose again, at $124 a barrel. “Given Russia currently supplies [...]
Russia’s biggest bank Sberbank thrown out of SWIFT while EU moves to ban 90 per cent of Russian oil May 31, 2022 Most Russian oil imports into the EU will be blocked by year-end as part of new sanctions on Moscow, European leaders agreed late last night. The compromise was made at a two-day summit focused on helping Ukraine with a long-delayed package of new financial support. The embargo covers Russian oil brought in by sea, allowing [...]
Davos, once a rollcall of decision makers, has sagged under the weight of its ambition May 31, 2022 HAS Davos lost its mojo? While it was great to be able to stroll around taking in the Swiss air last week without struggling through crowds of Nobel Prize winners, CEOs and billionaires in snow gear, it also felt like a turning point. What sets the World Economic Forum annual meeting apart from other events, [...]