Gold price roars back as Ukraine-Russia talks yield no progress March 10, 2022 Gold resumed its charge this afternoon after the price faltered this morning on hopes of diplomatic progress between Russia and Ukraine.
Evraz shares suspended after Abramovich sanctions March 10, 2022 Shares in mining giant Evraz have dropped 11 per cent, after the government sanctioned major stakeholder Roman Abramovich.
U-Turn: former LSE chief resigns from Russian firm amid backlash March 10, 2022 Xavier Rolet has bowed to pressure and resigned as chairman of PhosAgro, a company facing sanctions over its ties to the Russian government.
Rio Tinto cuts ties with Russia March 10, 2022 Rio Tinto became the first major mining company to announce it was severing ties with Russian businesses following the invasion of Ukraine.
Chinese government advisor says ‘fake news’ is fuelling China’s hostility towards the West March 10, 2022 A leading advisor to the Chinese government has called on the Chinese Communist Party (CCP) to crack down on people spreading false information online, after claiming that fake news is polarising Chinese public opinion and fuelling hostility towards the West. Jia Qingguo, a senior government advisor and the former dean of the School of International [...]
Octopus bets big on wind power with four new European deals March 10, 2022 Octopus Renewables will nearly double its wind power capabilities after reaching four new deals to ramp up power generation in Europe.
European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]
Number 10 ‘open to sale’ of Chelsea – but Abramovich would see none of the cash March 10, 2022 The government is “open to the sale” of Chelsea Football Club, but no cash would go to newly sanctioned Russian oligarch Roman Abramovich. Boris Johnson’s spokesperson today said the Treasury would have to ultimately green light a potential sale of the club, but that “under no circumstances would any sale allow Roman Abramovich to profit [...]
Moscow orders airlines to hold leased planes hostage amid growing sanctions March 10, 2022 The Kremlin today threatened to impound the aircraft leased to Russian airlines, casting doubts over the fate of 780 planes worth a total of $10bn. According to a draft law proposed by the Russian transport ministry, carriers should be required to pay leases in rubles for the whole of 2022, de facto allowing them not [...]
Gas prices hit record levels this month reveals Office for National Statistics March 10, 2022 Gas prices soared 66 per cent in the week up to 6 March 2022 to record levels at 15.5p per kilowatt hour (kWH), according to the ONS.