China raises alarm over military capabilities of Elon Musk’s Starlink May 10, 2022 The official newspaper for China's military has taken aim at Elon Musk's Starlink satellites over concerns about their military capabilities.
Inside the Kremlin: Putin living in an alternate reality with Russia in Ukraine ‘for the long haul’ May 10, 2022 Russia’s President Vladimir Putin has created an alternative reality to convince the population that the country is under siege from its enemies, according to a leading security expert. Keir Giles, a senior consulting fellow at Chatham House, the international affairs think tank, said Putin’s speech at the Victory Day parade in Moscow was “the same [...]
British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls May 10, 2022 British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
EU scraps plans to ban shipping of Russian oil imports amid backlash May 10, 2022 The European Union has been forced to abandon plans to bar the shipping of Russian crude oil amid pushback from member states.
Sir Keir’s lockdown beers shouldn’t lift Tory spirits too much amid economic outlook May 10, 2022 Today’s Queen’s Speech is an event of great pomp and circumstance, even if this year the Queen’s Speech will not in fact feature the Queen. For a government riding high, it is an opportunity to push forward some key ambitions for the coming year. For this government, mind, it’s more of a chance to set [...]
EU can’t always get what you want: Hungary stalls progress towards Russian oil ban May 10, 2022 Hungary has continued to withhold its backing from a long-proposed European Union ban on imports of Russian oil supplies.
Malboro maker Philip Morris eyes up rival Swedish Match for £12bn May 9, 2022 Malboro maker Philip Morris in in talks to acquire European smokeless tobacco rival Swedish Match for an estimated $15bn (£12bn)
EU mulls plans to ban insurers from insuring ships carrying Russian oil May 9, 2022 The European Union is considering banning insurers from insuring ships carrying Russian oil, as another means of draining Russia of the financial resources it needs to continue bankrolling its war in Ukraine. If brought into force, the new sanctions would come as another blow to Russia’s energy export industry, as the EU also weighs up [...]
The City View: Analysing the G7 plan to phase out Russian oil May 9, 2022 Today Andy Silvester talks to City A.M. reporters Nicholas Earl and Leah Montebello. They go through the G7’s decision to phase out Russian oil, historically elevated gas prices, unpick Snapchat owner Snap Inc.’s plan to compete with the likes of TikTok, and break down Uber’s CEO Dara Khosrowshahi’s recent letter to employees. And in the [...]
Watch the moment Russia’s envoy in Poland is doused with red paint, facing protestors shouting ‘fascist and murderer’ May 9, 2022 The Kremlin’s envoy in Poland was met with raucous crowds shouting ‘fascist and murderer’ at an event to mark Russia’s ‘Victory Day’, before being doused in red paint. Sergey Andreey was pictured covered in the the liquid, resembling blood, as he attempted to attend a memorial event at the Warsaw Soviet military cemetery, A crowd, [...]