Letters: Back to the history books on the energy crisis February 21, 2022 [Re: We must end our dependency on Russia’s gas and embrace renewable, Feb 18] For an escalation to have a large and lasting impact on markets beyond Russia and Ukraine, it would probably have to result in a significant hit to energy supply (something which did not happen after the annexation of Crimea). In fact, [...]
Lufthansa suspends all fights to Ukraine amid invasion fears February 20, 2022 Lufthansa has announced it will be suspending all flights to the Ukraine capital Kyiv from tomorrow as fears of a Russian invasion grow. The German airline said it will also stop flights to Odessa, a key port city on the Black Sea. The response contrasts to the Irish budget airline Ryanair and the Hungarian Wizz [...]
Gazprom’s European gas supplies drop to decade low amid fractured unity over sanctions February 20, 2022 Gazprom's European gas supplies has fallen to 10-year lows, while Germany and Italy fret over sanctions reducing their energy reserves.
Russian invasion of Ukraine ‘very, very likely and very, very imminent’, says minister February 20, 2022 A Russian invasion of Ukraine is “very, very likely and very, very imminent”, Europe minister James Cleverly has said. Cleverly said today that “at the moment, an attack, an invasion seems far more likely than unlikely but we will continue to work to try and avert that”. Boris Johnson last night said Russia was planning [...]
Russian invasion of Ukraine would ‘echo around the world’, warns Johnson February 19, 2022 Prime Minister Boris Johnson has warned that the shock of a Russian invasion of Ukraine would “echo around the world” as he told world leaders today that the crisis in Ukraine represented a "moment of extreme danger for the world".
Boris Johnson to fly out to Munich today as tensions between Russia and Ukraine refuse to ease February 19, 2022 Prime Minister Boris Johnson is set to join senior Government ministers at a major security conference in Munich today amid rising tensions between Russia and Ukraine. It comes as the UK warned the crisis in the region is at a “critical juncture”, with Russia accused of “manufacturing a pretext” for launching an attack. At a [...]
Bitcoin’s playing it cool while the world overheats February 18, 2022 It looks like Bitcoin is keeping its head, while all around are losing theirs, says Jason Deane in his weekly report.
Breezy does it: Wind output pushes down power prices while diplomacy causes oil and gas to falter February 18, 2022 Power, gas and oil prices all stutter amid stormy weather and increased hopes of diplomatic solutions to geopolitical tensions.
We must end our dependency on Russia’s gas and embrace renewable opportunities February 18, 2022 Our energy bills are up by 54 per cent this year. It’s not just gas – the cost of fuel, food, and furniture is ticking up too. The Bank of England now expects inflation to surge past 7 per cent by the end of this year. That’s going to price many of us out of [...]
London markets mixed as investors mull next steps in Russia-Ukraine saga February 17, 2022 London markets plummeted today as investors were spooked by a seeming false alarm on a de-escalation in the Russia-Ukraine saga. The capital’s premier FTSE 100 index dropped 0.87 per cent to 7,537.37 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, plunged 1.24 per cent to [...]