Finnish telecoms giant Nokia has announced it is abandoning the Russian market a day after Swedish rival Ericsson, paving the way for Chinese Huawei to join. The exit of the two Western heavyweights opens the door for Huawei to develop the Russian telecom infrastructure. Huawei has been barred from new networks in the United States … Read more
Now Waitrose is rationing cooking oil to two bottles per customer as sunflower oil shortages worsen due to war in Ukraine Waitrose has rationed the sale of cooking oils to just two per customer Sunflower oil supply hit hard by war in Ukraine Ukraine accounts for around 80% of UK sunflower oil imports Many commodities … Read more
EXCLUSIVE: LA Dodgers owner Todd Boehly – one of the main candidates in the £3bn battle to buy Chelsea from Roman Abramovich – has a £120m stake in Russia… but the involvement of the American billionaire is not significant Todd Boehly paid around £120m last September to buy shares in Sportradar AG The company still … Read more
Nigel Huddleston, the sporting minister, insists it cannot be ‘business as usual’ at Chelsea after club fans decried the ongoing restrictions imposed following sanctions against Roman Abramovich. The Chelsea Supporters Trust this week called on the government to relax strict conditions which prevent the club from selling new tickets to supporters for home matches. According … Read more
Bank of England says shock from rising energy prices will hit Britain harder in 2022 than any year in the 1970s Governor Named Commodity Markets Most Fragile Area Andrew Bailey said the BoE had started to see evidence of an economic slowdown He said the situation was more difficult than the financial crisis of 2007-09 … Read more
Ukrainian users of SpaceX’s satellite internet network could become targets of Russian military attacks, due to the distinctive appearance of the company’s dishes, cybersecurity experts have warned. SpaceX chief executive Elon Musk has shipped thousands of Starlink terminals and powerful batteries to Ukraine, to help the country stay connected during its war with Russia. In … Read more
A Chinese state oil and gas company withdrew half a billion in investment from Russia in a bid to avoid Western sanctions. Sinopec Group, formerly China Petroleum and Chemical Corp, has suspended talks to invest up to $500m (£380m) in the new gas chemical plant in Russia. It came after the Chinese company realized that … Read more
Chelsea have received a huge financial boost after being allowed to inject £30million by their parent company – which will cover players’ salaries for a full month The Treasury authorized parent company Fordstram to inject funds Changes to the club’s special commercial license were made on Wednesday Chelsea’s monthly wage bill is said to be … Read more
French car giant Renault today announced it would immediately suspend operations at its Moscow plant after kyiv called for a boycott of the company to stay in Russia. Renault is also considering “possible options” for its Russian subsidiary Avtovaz, the company said in a statement, adding that it had downgraded its financial outlook for 2022, … Read more
McDonald’s rations tomatoes due to supply chain issues and confirms Big Tasty burgers will only have one slice instead of two Fast food giant says it is ‘experiencing a shortage’ in its tomato supply This has forced the chain to reduce the number of slices it puts in some burgers The problem affects restaurants across … Read more