Renault restarts production in Moscow, backed by main shareholder, the French government March 21, 2022 The French government has backed carmaker Renault’s decision to resume manufacturing at its Moscow plants. The company had suspended production last month due to logistical issues relating to the war in Ukraine. The move was made on Vladimir Putin’s order, according to The Guardian. Renault, which the French government is the main shareholder of, has [...]
Gas prices volatile amid geopolitical uncertainty March 21, 2022 Natural gas prices have dropped heavily from historic peaks, but remain volatile and elevated amid sustained geopolitical tensions.
Financial regulators shine spotlight on crypto amid Ukraine conflict March 21, 2022 Global financial regulators have confirmed they are closely monitoring the role of crypto assets amid the conflict between Russia and Ukraine.
Trading in Russian bonds resumes, but yields fly higher March 21, 2022 Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]
When Musk met OneWeb: UK satellite firm teams up with SpaceX March 21, 2022 Taxpayer backed OneWeb has announced it will be teaming up Elon Musk's SpaceX to move forward with satellite launches.
Moscow court labels Meta ‘extremist organisation’ whilst WhatsApp dodges ban March 21, 2022 A Moscow court has labelled Meta an "extremist organisation", although said the decision would not apply to WhatsApp.
Inspired Energy’s shares slide as concerns over Gazprom Energy’s future mount March 21, 2022 Inspired Energy's shares have sunk on the FTSE AIM All-Share today, warning of a £3m hit if Gazprom Energy ceases trading
Moscow airport furloughs 7,000 people as sanctions continue to bite March 21, 2022 Moscow’s Sheremetyevo Airport has furloughed around 7,000 members of its staff after West’s sanctions on Moscow following the invasion of Ukraine. The hub – which last year saw 30.9 million passengers pass through its gates – furloughed 40 per cent of its staff, cutting pay by a third, Russian media reported. General director Mikhail Vasilenko [...]
Space firms can ‘solve problems that government’s can’t’ amid Ukraine invasion March 21, 2022 Elon Musk’s Starlink satellites have been helping Ukraine’s drone unit push back against Russian forces, as the space industry acts as a core string in Europe bow to diffuse Russia. A specialist air reconnaissance unit within the army, known as Aerorozvidka, has been picking off Russian tanks, command trucks and vehicles carrying electronic equipment since [...]
German firms sign hydrogen deals in UAE as country pivots from Russian fossil fuels March 21, 2022 German energy companies will enter into a joint demonstration project for hydrogen transport, revealed the country's economy ministry.