Oil prices tumble as China lockdowns cut into demand expectations May 2, 2022 Oil prices have plummeted amid forecasts of weak economic growth in China, which has lowered demand expectations.
Kremlin to net $180bn tax windfall from energy price surge May 2, 2022 The Kremlin is set to receive a tax windfall from its brutal invasion of Ukraine sending energy prices soaring, reveals analysis released today. Revenue from oil and gas sales “will increase significantly to more than $180bn (£143bn)” this year, energy consultancy Rystad Energy estimates, a 45 per cent and 181 per cent surcharge compared to [...]
‘Hitler also had Jewish blood’: Russian foreign minister causes fury with remarks about Zelensky and ‘de-Nazifying’ Ukraine May 2, 2022 Russia’s foreign minister has caused fury after claiming Hitler “had Jewish blood”, in a bid to justify the Kremlin’s so-called ‘de-Nazification’ of Ukraine. Moscow’s top diplomat Sergei Lavrov was condemned by Israel’s foreign minister Yair Lapid, after making his comments to Italian media this week, while referring to Ukraine’s president Volodymyr Zelensky. The Ukrainian [...]
BP and Shell set to unveil massive profits and payouts amid growing calls for windfall tax May 2, 2022 Shareholders in BP and Shell are anticipating bumper payouts this week, amid mounting calls for a windfall tax.
Lloyd’s of London prepares to fight over picking the tab up for $10bn Russian-seized planes May 2, 2022 Lloyd’s of London and aircraft lessors are reportedly going to war over who needs to pick up the tab after more than 400 foreign-leased planes were seized by Moscow following the invasion of Ukraine. Sources told the Telegraph Lloyd’s of London has hired global law firm Clyde & Co to investigate whether insurance claims made [...]
War in Ukraine: UK says Russian ‘troll factory’ is ‘plaguing’ social media with pro-war propaganda May 2, 2022 The Kremlin has is using a “troll factory” to “plague” social media with pro-war propaganda, the foreign office has claimed after new research. A UK-funded study claimed the Kremlin has acquired “cyber soldiers” to target UK politicians and spread “lies” on social media, about the war in Ukraine. According to a statement from the foreign [...]
Russia’s war: Kremlin targets western-supplied weapons and Ukraine’s grain, as EU energy officials hold emergency meeting May 2, 2022 Russia has been targeting western-supplied weapons in Ukraine and Kyiv’s grain supply, as EU energy ministers hold emergency talks. The Kremlin reportedly targeted weaponry supplied to Ukraine by the United States and European Union this week, with Moscow’s defence ministry saying it used high-precision missiles against the airfield in Odessa. Russia also said it had [...]
Andy Murray joins Rafa Nadal and Novak Djokovic, saying: I don’t support Wimbledon’s ban on Russian and Belarusian players May 2, 2022 Former Wimbledon champion Andy Murray is “not supportive of players getting banned” because of the war in Russia. The tennis star came out against the decision, calling the UK government’s guidance “not helpful”. This comes after the All England Club, which runs the tournament, banned Russian and Belarusian players, citing the Kremlin’s invasion of Ukraine. [...]
Russia dodges default after paying debts in US dollars April 30, 2022 Russia has paid $649m worth of interest payments using its US currency reserves, in a bid to avoid a default. The payments come after Russia said it would only repay its debts in its own currency, as it claimed sanctions were blocking it from paying in dollars. The Russian Federation has now sent $649m in [...]
Tennis legend Boris Becker jailed: The dramatic rise and fall of a world champion April 30, 2022 A dramatic fall from grace for tennis legend Boris Becker, as he was jailed for two-and-a-half years yesterday for trying to hide £2.5m in assets and loans. As Becker starts his prison sentence, City A.M. zooms in on the turbulent and colourful life of the three-time Wimbledon champion. Boris Franz Becker was born in Leimen, [...]