BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
Oil suffers biggest drop in five weeks as Federal Reserve signals more interest rate hikes March 10, 2023 Oil is heading for its biggest weekly loss in five weeks, fuelled by investor fears over steep interest rate hikes in the US.
EU energy chief tells companies not to sign new Russian LNG deals March 9, 2023 European Union countries and companies should not sign new contracts to buy Russian LNG - says the EU's energy chief.
Russia missile barrage kills five as Kremlin ramps up attacks on Ukraine energy infrastructure March 9, 2023 Russia has unleashed a missile barrage targeting energy infrastructure across Ukraine, hitting homes and killing at least five people in the largest such attack in three weeks, officials said. Four people died in the Lviv region after a missile hit a residential area, governor Maksym Kozytskyi said. Three buildings were gutted by fire after the [...]
Andy Murray expects Wimbledon to lift ban on Russian and Belarusian players for 2023 March 8, 2023 Andy Murray says he expects Wimbledon to lift its ban on Russian and Belarusian tennis players for this year’s championships. The Grand Slam tournament imposed the ban last year, under pressure from the UK government, in the wake of Russia’s invasion of Ukraine. But Murray is anticipating the sanction being lifted, paving the way for [...]
Russian mercenary Wagner Group claim gains in Ukraine stronghold of Bakhmut March 8, 2023 The owner of Russia’s Wagner Group military company has claimed his troops have extended their gains in the key Ukrainian stronghold of Bakhmut as fierce fighting continues. Yevgeny Prigozhin said Wagner troops have taken full control of the eastern part of Bakhmut. He claimed they now control all districts east of the Bakhmutka River that [...]
UK fires up coal plants to keep country’s lights on amid cold winter snap March 7, 2023 National Grid is relying on coal to keep the lights on as a cold snap and planned nuclear shutdowns in France put pressure on the UK.
‘Beast from the East’ forces National Grid to call for the firing up of four coal plants as cold snap hits the UK March 7, 2023 National Grid has called for the warming up of four of the UK’s five contingency coal units ahead of a sustained cold snap.
War games: UK pilots to hold joint mission with Germany in Nato member Estonia, right on Russia’s border March 6, 2023 British pilots are set to conduct joint air policing missions in Estonia alongside the German air force for the first time. It comes as the UK prepares take over from Germany to lead the Nato mission in Estonia, which borders Russia. Royal Air Force and German Air Force Typhoon jets will take part in the [...]
The resilience of Ukraine’s businesses proves we still understand too little about geopolitical risk March 3, 2023 Contrary to what many believed, Ukraine's businesses are strong in the face of war. They prove geopolitical risk affecting supply chains is more complex than it can look like, writes Chonchol Gupta