£220m of oil money flows from UK to Russia since Putin sent troops and tanks into Ukraine April 27, 2022 Since the Kremlin sent troops and tanks across the border into Ukraine in February, the UK has imported around £220m worth of Russian oil, it has emerged. Figures released on Wednesday show 1.9 million barrels of oil, or 257,000 tonnes, have been imported since Russian President Vladimir Putin launched the latest stage of his eight-year [...]
Gazprom halts gas supplies to Bulgaria and Poland as Russia demands rouble payments April 27, 2022 Kremlin-backed energy giant Gazprom has halted gas supplies to Bulgaria and Poland for failing to pay for gas in roubles.
German energy firms risk being nationalised as cabinet backs emergency measures April 26, 2022 Germany's government could soon have the power to seize ownership of energy companies to secure supplies in the event of an emergency.
China drives global coal capacity amid pandemic recovery April 26, 2022 The global capacity of power plants fired by coal rose nearly one per cent last year, driven by Chinese growth over the past 12 months.
Chernobyl: ‘Abnormal’ amount of radiation at site of nuclear plant after Russian occupation April 26, 2022 There is an “abnormal” amount of radiation at the site of Chernobyl nuclear power plant, following the Russian invasion and occupation of the site. The head of director of the International Atomic Energy Agency, Rafael Grossi issued a warning about the dangers posed by the site, saying it was being monitored. “day by day”. The [...]
Novak Djokovic set to play Wimbledon after chiefs confirm vaccination is not mandatory April 26, 2022 Novak Djokovic will be able to defend his title at Wimbledon this summer after organisers said that players unvaccinated against Covid-19 would be allowed to enter. World No1 Djokovic was forced to miss the Australian Open in January because of his stance on the jab, which caused a convoluted legal row and led to his [...]
London comes out on top for foreign finance investment April 26, 2022 London’s finance firms attracted more foreign cash than any global city last year in a boon to the Square Mile’s standing as a financial hub beyond Brexit.
Binance issues ‘refugee crypto card’ to help displaced Ukrainians move money April 26, 2022 Binance has today launched the Binance Refugee Crypto Card for Ukrainians forced to flee their homeland as a result of the Russian invasion.
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
EU unable to reach consensus on Russian oil embargo April 25, 2022 The EU remains unable to reach a consensus for a complete embargo or punitive tariff on Russian oil and gas imports.