Bob Bob Ricard City review: This bonkers restaurant is the Square Mile’s new best place to eat June 6, 2019 There are many laudable things about Soho’s Bob Bob Ricard: the fancy Titanic-meets-Orient-Express interiors, the no-nonsense Franco-Anglo-Russian menu that turns a fish pie or a chicken kiev into a minor culinary event. But the thing everybody remembers is the “Press for Champagne” button on every table, a gimmick that perfectly encapsulates the personality of the [...]
US trade ban on Huawei could slow global 5G rollout, warns Barclays June 6, 2019 The US’s decision to blacklist Chinese tech firm Huawei could slow down the global rollout of 5G, Barclays has warned. In a new report analysts said network carriers in Europe could be hit by heavy costs and technical disruption if they are forced to upgrade existing Huawei 4G technology with gear made by a different [...]
Tinkoff owner TCS looks to $300m London fundraise June 4, 2019 The company behind Russian online bank Tinkoff plans to raise $300m (£237m) on London markets in a bid to fund growth. Read more: Tinkoff looking for calm after Friday sell-off Tinkoff’s loans portfolio grew 21 per cent in the first quarter, chief executive Oliver Hughes said. He promised the trend would continue in the second [...]
Kremlin says it hopes US investor Michael Calvey will be freed June 3, 2019 The Kremlin said it hopes US investor Michael Calvey, who is under house arrest in Russia, will be freed and able to attend an economic forum in St Petersburg this week. Calvey, who founded private equity group Baring Vostok, was detained in Russia in February over embezzlement charges. The businessman has denied wrongdoing and alleges that [...]
En+ profit plunges after Trump’s US sanctions bite May 31, 2019 Energy provider En+'s profit and revenue plunged in its first quarter this year after the imposition of US tariffs that were only recently lifted. The aluminium and power giant saw its profit slide 38.7 per cent to $409m (£324m) in the first three months of 2019, with revenue falling 19.1 per cent to $2.8bn. Read more: US [...]
Gazprom profits soar 44 per cent after energy prices boom May 30, 2019 Profits shot up at Gazprom in the first three months of the year, the company reported today after months of international energy price rises. Sales at the firm rose 6.8 per cent to 1.3 trillion Russian roubles (£15.8bn) in the first quarter of 2019, even as the amount of gas it sold dropped 8.6 per [...]
Mueller says ‘not an option’ to charge Trump over Russia inquiry May 29, 2019 US special counsel Robert Mueller, the man at the helm of a two-year inquiry into Russian interference in the 2016 US presidential election, has resigned from office. His statement marks the end of the inquiry, which also sparked concerns on the reported unconstitutionality of charging a sitting US president with a crime. Mueller called Russia’s interference as “a concerted [...]
Austrian parliament votes to sack Chancellor Sebastian Kurz after corruption scandal May 27, 2019 Austrian MPs have backed a motion of no confidence in the country’s Chancellor after a corruption scandal claimed the head of his coalition partner and deputy Heinz-Christian Strache. Parliament voted in favour of sacking Sebastian Kurz from the role this afternoon, forcing his government out of office. Read more: Merkel says Brexit delay possible if [...]
Ford announces 7,000 job cuts as US car maker moves up a gear in restructuring plan May 20, 2019 Ford is to cut around one-tenth of its global salaried workforce by the end of August as part of a major global restructuring plan. Read more: Ford gears up to announce up to 550 white collar job losses in UK The move to shed 7,000 workers this summer is expected to save the firm $600m [...]
‘I don’t need banks’: Trump hits back at reports of Deutsche Bank’s red flags May 20, 2019 US President Donald Trump has hit back at reports Deutsche Bank employees flagged suspicious transactions by the president and his son-in-law Jared Kushner. The New York Times reported that anti-money laundering specialists at the bank recommended transactions by legal entities controlled by the pair be reported to a federal crimes watchdog. Read more: Deutsche Bank [...]