McDonald’s agrees to sell its stores in Russia and warns of $1bn exit loss May 19, 2022 Fast food giant McDonald’s has agreed to sell its Russian stores across 45 regions – but warned it is likely to make a $1bn loss. The chain announced it entered into an agreement with an existing licensee Alexander Govor, who has operated 25 restaurants in the eastern region of Siberia since 2015. This comes after [...]
Russia threatens to send supplies to other countries if EU brings in oil ban May 19, 2022 Russia is prepared to send any supplies rejected by European countries to other regions such as Asia if it brings in more energy sanctions.
Russian oligarch’s libel lawsuit against Bellingcat founder thrown out of court May 19, 2022 A libel lawsuit brought forward by a sanctioned Russian oligarch against the founder of investigative news site Bellingcat has been thrown out of court. A High Court judge dismissed Yevgeniy Prigozhin’s lawsuit against Bellingcat founder Eliot Higgins, due to the oligarch’s “repeated failure to comply with simple court orders,” following his lawyers exit from the [...]
UK introduces new Russian airline sanctions May 19, 2022 The UK has announced new restrictions on Russian airlines as the war in Ukraine continues.
Ex President George Bush mocked for gaffe: ‘wholly unjustified and brutal invasion of Iraq. I mean Ukraine’ May 19, 2022 Former American president George Bush Jr has come in for ridicule after accidentally referring to the “illegal invasion of Iraq” during a speech about the war in Ukraine. The ex Republican leader, 75, made the Freudian slip during an event in Dallas, Texas, on Wednesday, at an institute in his name. In a video posted [...]
European Commission unveils renewable targets in €210bn plan to ditch Russian fossil fuels May 18, 2022 The executive arm of the EU has pushed the trading bloc to ramp up renewable energy generation and reduce consumption levels.
PM asked to explain how a private plane was allowed to fly from Scotland to Moscow breaching Russian sanctions May 18, 2022 A private charter flight travelled from Inverness to Moscow breaching UK sanctions against Russia, despite air traffic control being informed about the flight beforehand. SNP MP Richard Thomson raised the issue in parliament during Prime Minister’s Questions, urging the PM to tell the house how it was allowed to happen. The details of a transcript [...]
Google’s Russian bank account seized as Big Tech crack down continues May 18, 2022 Russian authorities have seized Google's Russian bank account, making it impossible for its Russian office to function, the tech giant revealed today.
Chelsea directors Buck and Granovskaia set to share in £50m takeover bonus pool May 18, 2022 Chelsea directors including chairman Bruce Buck and Marina Granovskaia are set to receive multimillion pound bonuses once the sale of the club is completed, according to reports. Buck and Granovskaia will share in £50m once a consortium led by Todd Boehly, part-owner of the LA Dodgers baseball team, complete its takeover, according to The Times. [...]
Liz Truss plays down calls for windfall tax May 18, 2022 Foreign secretary Liz Truss has played down calls for a windfall tax on energy firms, saying “we need to attract investment”, and a tax would be a deterrent. Speaking on Sky News this morning, she appeared to be at odds with calls made by the Chancellor Rishi Sunak yesterday, who said nothing was off the [...]