Coca-Cola bottling firm raises outlook on revenue spike as Russia volumes tank August 9, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported a 19.3 per cent rise in revenues in its half year results as the group raised its outlook for the year. Operating profit for the bottler rose 15.9 per cent to €170m (£146m) as the group said it benefited from price increases in [...]
Russia hit with 25 new UK sanctions as Cleverly warns Putin there’s ‘nowhere to hide’ August 8, 2023 Britain said it is targeting Russian President Vladimir Putin’s access to foreign military supplies by imposing 25 new sanctions on individuals and businesses. Foreign Secretary James Cleverly said the action will “further diminish” Russia’s arsenal and shows there is “nowhere to hide” for those assisting the illegal invasion of Ukraine. Those sanctioned include companies based [...]
Data attacks set to enter new era under ‘FraudGPT’, warn cybersecurity execs August 8, 2023 A new breed of malicious AI models are “heralding an era of AI-enabled data attacks” on businesses, Darktrace VP of strategic cyber AI Nicole Carignan has warned. Speaking to City A.M., Carnigan said data attacks will become “faster and harder to defend against in the next few years” as new AI systems make attacks more [...]
Exclusive: IOC could ban Iran from Olympics over human rights abuses August 7, 2023 The International Olympic Committee (IOC) stands ready to ban Iranian athletes from competing at next year’s Olympic Games in Paris if human rights abuses in the country continue, City A.M. understands. With tensions in the nation between protestors and both the government and Islamic Revolutionary Guard Corps, athletes have been targeted by the regime. Former [...]
Go to Porto Montenegro to gawp at the most expensive yachts in the world August 7, 2023 The marketing slogan for Porto Montenegro, a luxury 450-berth marina and residential village, is A Life less Ordinary. And what could be less ordinary than the accompanying launch photo of a small boy fishing with his dad from the back of their boat: a gigantic superyacht? Given this new development is funded by the Investment [...]
LNG boom attracts Asian energy giants to London as Europe fights blackout threat August 6, 2023 Soaring demand for LNG in Europe has triggered a flurry of activity in London, with Asian energy companies looking to maximise booming trade.
Oil prices boosted by six weeks of gains as supplies tighten worldwide August 6, 2023 Oil markets will open trading on Monday having recorded six weeks of gains across both major benchmarks, as tightening supplies bolster prices.
Ukraine sea drones attack Russia port damaging ship as Kyiv fightback continues August 4, 2023 Ukrainian sea drones have attacked a major Russian port on the Black Sea, damaging a naval ship, according to a Ukrainian official. It is the latest in a series of strikes inside Russia as Kyiv vowed to bring the fight home to them. Moscow claimed it repelled the attack. The strike on Novorossiysk marks the [...]
Further North Sea exploration won’t lower bills, but it will limit green jobs August 4, 2023 More oil and gas in the North Sea is prioritising an industry which will mean, in the long term, bills are higher and we’re further away from self-reliance, writes Nigel Pocklington
Russia hit by drone attacks as Ukraine fights back with buildings hit miles from the Kremlin July 31, 2023 Ukraine attacked Russia with drones on Sunday, damaging two office buildings just miles from the Kremlin and a pig-breeding complex on the countries’ border. The attacks, which Ukraine did not acknowledge in keeping with its security policy, reflected a pattern of more frequent and deeper cross-border strikes the Kyiv government has launched since starting a [...]