Still serving Moscow: Subway increasingly sandwiched between Russian interests and pressure to pull out March 23, 2022 Sandwich giant Subway is coming increasingly under pressure to shut down all of its operations across Russia which, unlike most other western companies, it has so far refused to close its 450 branches across the country. In a statement issued late last night, Subway explained it has no intention to cease operations in Russia as it “has [...]
Spring statement: OBR slashes economic growth forecasts on Russia-Ukraine war inflation spike March 23, 2022 The UK’s fiscal watchdog has slashed its forecasts for economic growth this year driven by the Russia-Ukraine war sending inflation spiking. The Office for Budget Responsibility (OBR) is expecting the UK economy to grow 3.8 per cent this year, down from six per cent in its previous forecast. Russian President Vladimir Putin’s decision to send [...]
Ministry of Defence calls on YouTube to axe Ben Wallace hoax call March 23, 2022 The Ministry of Defence have called on YouTube to remove videos of a hoax call to defence minister Ben Wallace.
BP considers North Sea oilfield sale amid market rallies March 23, 2022 BP is reportedly pursuing buyers for its closed Foinaven oilfield in the North Sea with oil prices rallying
Nestlé suspends brands including KitKat and Nesquik in Russia after scolding from Ukrainian President Zelensky March 23, 2022 Food and beverage giant Nestlé is suspending brands including KitKat and Nesquik in Russia. “We are focused on providing essential foods such as baby food and medical/hospital nutrition products. This means we will suspend the vast majority of our pre-war volume in Russia,” a Nestlé spokesperson said. It comes after the world’s largest consumer goods [...]
MoJ puts out ‘urgent call’ for evidence from victims of legal threats and libel lawfare March 23, 2022 The UK’s Ministry of Justice (MoJ) has put out an “urgent call” for evidence of large firms and wealthy individuals using lawsuits to silence criticism. The call comes after the government vowed to crack down on those using legal threats to silence the press and “stifle legitimate criticism”. In a statement, justice secretary Dominic Raab [...]
Angry Putin ends WWII peace talks with Japan as Tokyo exploits anti-Russian sentiment to claim Kuril Islands March 23, 2022 The Russian government has told Japan it is ending negotiations to sign a formal World War II peace treaty because of Tokyo’s efforts to exploit the Ukraine war to claim the Kuril Islands belong to Japan. “The Russian side, in the current conditions, does not intend to continue talks with Japan on the peace treaty,” [...]
European energy firms dithering over Russia departure March 23, 2022 European companies are dithering over departing from Russia - with key assets and supply deals in the sanction hit country.
Pro-Kremlin paper admits close to 10,000 Russian solders killed in Ukraine while 16,000 troops wounded March 23, 2022 Pro-Kremlin tabloid Komsomolskaya Pravda has published Russian Ministry of Defence figures that list 9,861 Russian troops have now died in Ukraine. Moreover, the paper also says 16,153 have been wounded in the ongoing war. “Huge if true – though this probably won’t stay online long,” Matthew Luxmoore, the Wall Street Journal’s reporter in Moscow tweeted. [...]
Scottish Power exits business supplier market March 23, 2022 Energy firm Scottish Power revealed earlier this week it will stop selling energy to British industrial and commercial customers.