Malaysian Airlines flight MH17: Ukraine crash reignites crisis July 17, 2014 A passenger jet was shot down over Ukraine near the Russian border yesterday, killing around 300 people and straining the already tense geopolitical situation. Malaysia Airlines flight MH17 from Amsterdam and Kuala Lumpur lost contact with the ground at around 2:15pm GMT. Six of the passengers killed are believed to have been British, and 80 [...]
Air traffic rerouted away from Ukraine after MH17 crash July 17, 2014 Several airlines have now confirmed that they are avoiding Ukrainian airspace after a Malaysian Airlines jet crashed in eastern Ukraine. Flight MH17 came down near the Russian border, in the Donetsk region of Ukraine, earlier today. The UK's Department for Transport (DfT) has told aircraft already in the air to avoid Ukrainian airspace. A spokesperson [...]
MH17 plane crash: Investors sell off airline stocks, pile into gold July 17, 2014 Traders have reacted to news that a Malaysian Airlines plane has crashed in eastern Ukraine by selling off stocks, especially of airlines. Geopolitical fears over tensions between Ukraine and Russia have been resurrected, seeing investors move out of equities into traditional safe-haven assets, like gold. The precious metal is often seen as a hedge against [...]
MH17 plane crash: Flight map shows last tracked location of Malaysian Airlines jet July 17, 2014 MH17, the plane which went down over eastern Ukraine near the Russian border, can be seen on the map below in its last transmitted location. Flightradar24, the flight tracking service, tweeted the image below, showing the Boeing 777 close to the city of Poltava in Ukraine flying at 33,000ft, or 10,000 metres. The flight was [...]
Malaysian Airlines passenger plane crashes over eastern Ukraine July 17, 2014 A plane belonging to Malaysian Airlines has gone down over eastern Ukraine, near the Russian border. Malaysia Airlines has tweeted that it lost contact with flight MH17 from Amsterdam, and that the last known position of the plane was in Ukrainian airspace. The plane was travelling towards Kuala Lumpur. The Boeing 777 was carrying some [...]
New sanctions reach Moscow July 16, 2014 THE US unveiled fresh sanctions against Russian firms and decision-makers involved in the Ukraine crisis yesterday, with the EU also strengthening its stance. Sanctions were levelled against oil firm Rosneft, Gazprombank and Kalashnikov. Regions which have declared independence in the east of Ukraine were also added to the list. The European council added that it [...]
City Moves for 17 July 2014 | Who’s switching jobs July 16, 2014 Ropes & Gray Monica Gogna has been appointed partner in the law firm’s global investment funds group. She joins from Pinsent Masons, where she was a partner on its financial services team. Gogna has also worked for Clifford Chance, and trained at Mayer, Brown, Rowe & Maw. VTB Capital Nick Hutt has been appointed interim chief [...]
EU leaders sign off on tougher Russian sanctions: Here’s the big change July 16, 2014 In an attempt to increase the pressure on Russian leaders over the ongoing crisis in Ukraine, the European Council has agreed that stiffer medicine will be needed. Following a declaration from the US, EU leaders have made one singificant change, agreeing to expand sanctions to those entities which provide "material or financial support to Russian [...]
Russian hypermarket Lenta eyes expansion as its sales accelerate July 16, 2014 Russian hypermarket chain Lenta said it expects full-year sales to accelerate further despite the backdrop of a slowing economy, as it aimed to expand its presence across the country by a third. The group, which floated in London in February, expected sales to grow by 34 to 38 per cent this year, a step up [...]
Russia snub at the show July 14, 2014 THE RUSSIAN deputy Prime Minister suggested members of the Russian delegation at the Farnborough Airshow should leave, after the UK government did not offer invitations to Russian delegates. Dmitry Rogozin tweeted: “I suggest that our delegation halts participation in the Expo and goes back home.” He was responding to the fact that some Russian delegates [...]