EU airlines’ shares tumble following airspace closure February 28, 2022 The shares of major European airlines have taken a tumble following the EU’s decision to close its airspace to Russia. Legacy carriers have registered a slump, with British Airways’ owner IAG going down 4.19 per cent, while German carrier Lufthansa registered a 4.76 per cent fall. Share of aviation colossus Air France-KLM went down 2.30 [...]
Airbnb vows to home 100k refugees as Ukraine crisis continues February 28, 2022 Airbnb announced it would offer free, temporary housing for up to 100,000 refugees fleeing Ukraine. Chief Executive Brian Officer Brian Chesky and Joe Gebbia, the chairman of the home rental company’s non-profit arm, said they have sent letters to leaders of Poland, Romania, Germany and Hungary offering help to house the refugees. Announcing the news via Twitter, [...]
Comparethemarket pulls ads featuring Russian meerkat amid Ukraine crisis February 28, 2022 Comparethemarket has pulled its ads featuring the animated Russian meerkat Aleksandr Orlov from news bulletins following Russia’s invasion of Ukraine. The price comparison site said it had reviewed its media plan to make sure the adverts did not appear around content such as news bulletins on the Ukrainian conflict. “The Comparethemarket meerkats are fictional characters. They have [...]
Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
Toyota suspends factory operations following suspected cyber attack February 28, 2022 Toyota is suspending production at 14 domestic factories, loosing around 13,000 cars, following what it looks like a cyber attack,. “Due to a system failure at a domestic supplier, we have decided to suspend the operation of 28 lines at 14 plants in Japan on 1 March,” the company said in a statement. “We apologise [...]
International Olympic Committee calls for Russia and Belarus ban February 28, 2022 The International Olympic Committee (IOC) have urged sporting federations and organisations to “not invite or allow the participation of Russian and Belarusian athletes and officials in international competitions”. As part of a list of recommendations released today, the IOC Executive Board (EB) have said their motives relate to the inability of Ukrainians to compete as [...]
Russia closes airspace to 36 countries as leasing deals cease February 28, 2022 Russia has retaliated against yesterday’s EU-wide closure banning the airlines of 36 countries from using its airspace. The move – which blocks access to its airspace to countries such as Italy, Germany and Canada – will force carriers to fly roundabout routes to south and south-east Asia, with countries such as Kazakhstan seeing numbers increase [...]
PM Boris Johnson calls on Fifa to expel Russia from World Cup February 28, 2022 Prime Minister Boris Johnson has added his voice to calls for football chiefs Fifa to expel Russia from this year’s men’s World Cup. Fifa announced a range of sanctions against Russia on Sunday, including ordering them to play home games on neutral ground and under the banner of the Football Union of Russia. But the [...]
Russian government websites blocked in the UK February 28, 2022 Russian government websites appear to be blocked in the UK, including the Civil Aviation Authority, as well as the Kremlin’s official site. City A.M. understands that when UK based browsers attempt to access these sites they are met with the following message: “Website not available. The website you requested cannot be accessed. It may work [...]
Ukraine: Number 10 urges City firms to drop all ties to Kremlin-linked companies February 28, 2022 Number 10 has urged City firms to drop any associations with Kremlin-linked companies like Gazprom and Rosneft as the west ratchets up its economic sanctions against Russia. Boris Johnson’s official spokesman today told journalists that “no one should be supporting in any way or propping up in any way the efforts by Putin’s regime to [...]