ExxonMobil suspends Russian LNG project April 4, 2022 ExxonMobil (Exxon) has suspended its Far East liquefied natural gas project (LNG) in Russia - putting the development into doubt.
Heathrow braces for days of chaos amid staff shortages, IT issues and cancellations April 4, 2022 UK travellers are currently experiencing chaos as Heathrow continues to be hit by a combination of IT issues, Covid-induced staff shortages and flight cancellations. For the last few days, travellers complained on Twitter about being stuck in hour-long queues at terminals 2 and 5 as a result of IT issues, especially at security e-gates. Scottish [...]
FBI raids £91m luxury yacht of Putin oligarch ally in Mallorca: ‘We are coming for your ill-begotten gains’ April 4, 2022 Spanish Civil Guard officers, together with agents from US intelligence agency FBI, are searching a yacht owned by an oligarch with close ties to the Russian president Vladimir Putin, Spanish media report. They descended on the vessel at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands, this [...]
City A.M. Awards 2022: Business of the Year April 4, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
More goods could be included in rouble-for-gas scheme warns Kremlin April 4, 2022 More goods could be included in Russia's rouble payment scheme for natural gas, according to Kremlin spokesperson Dmitry Peskov.
Mass graves found: Russian Army denies civilian massacre despite ‘horror’ scenes in Ukrainian villages of Irpin and Bucha April 4, 2022 Russia is increasingly under fire as its army is accused of massacring civilians in several villages across Ukraine, with scenes akin to a “horror movie”. UK’s Prime Minister responded by saying he will this week seek to galvanise a tough response from allies to the crisis in Ukraine as reports of the latest massacre were [...]
Wizz Air reports increasing passenger demand despite war headwinds April 4, 2022 Wizz Air has reported an ongoing increase in passenger demand despite headwinds caused by the war in Ukraine. The low-cost carrier said today passenger demand in March peaked at 2.5 million passengers – a 416 per cent increase on the same month last year – at a load factor of 86.2 per cent. Over the [...]
Britain must build a green economy to ‘eliminate Russian fuel from our energy mix once and for all’ April 4, 2022 Britain must build its green economy to “eliminate Russian fuel from our energy mix once and for all”, the International Trade Secretary is to argue today. Speaking during a visit to Norway, Anne-Marie Trevelyan will say the UK must first use its relationships with “reliable energy partners” to “meet our needs, protect our supply chains, [...]
Ryanair narrows 2021 loss forecast and increases fuel hedging April 4, 2022 Ryanair announced today it would narrow its loss forecast for the year ended 31 March, as for the first time in two years passenger numbers topped pre-Covid levels. The low-cost airline said it was expecting net losses to be between €350m and €400m, after previously guiding to be between €250m and €400m. Just last week, [...]
As we cosy up to Qatar, the West must face the moral maze of the Middle East April 4, 2022 Last month I wrote about the prospect of Dubai challenging London’s place as a great global financial centre. But Britain’s delicate dance with the Middle East does not end there. The emerging relationship between Europe and the United States on the one hand and the oil-rich emirate of Qatar on the other poses a multitude [...]