Inflated shipping costs are enabling Russian companies to earn far more from crude oil sales to India than previously recognised, according to a Financial Times analysis which suggests that the charges may have raised more than $1bn in a single quarter. Russia has, until recently, appeared to comply on this route with western measures designed
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Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression
The Madagascan president’s chief of staff has been charged in the UK with a bribery offence over an approach that the National Crime Agency said had been made to a gemstone mining company. The NCA said Romy Andrianarisoa, chief of staff to president Andry Rajoelina, and Philippe Tabuteau, an associate of Andrianarisoa, were arrested on Thursday
Russia’s invading forces shelled two villages in Ukraine’s Kherson region on Sunday, killing at least seven people including a newborn baby, Ukrainian officials have said. The attack comes on the same day Russia’s navy fired a warning shot on a commercial vessel approaching a Ukrainian Black Sea port. “The enemy continues to bombard the Kherson
The writer is chair of Rockefeller International India’s economy has as much entrenched rust as it has entrepreneurial dynamism. And no two industries illustrate these contradictions more clearly than its most iconic entertainments, Bollywood and cricket. Facing the same challenge — growing competition for fans in the internet age — cricket is killing it, Bollywood
The writer is a senior fellow at the Institute for Government Being mayor of London should be one of the most attractive political jobs on the planet. Big personal mandate. Global city. National profile. Relatively few responsibilities and strong re-election prospects. And yet, next May Londoners will be offered a choice between a third term
Republican-controlled areas of the US are dominating a rush of clean technology project investment as President Joe Biden goads opponents for “claiming credit” for the jobs boom despite their efforts to block his landmark climate legislation last year. More than 80 per cent of investment in large-scale clean energy and semiconductor manufacturing pledged since last
Unite, Britain’s second-biggest trade union and the Labour party’s largest long-term donor, has failed to file its past two sets of annual accounts in the latest sign of its long-running financial and legal problems. All UK unions are legally obliged to submit annual accounts for the previous calendar year by June 1 to the Certification
Are Jaffa Cakes really a biscuit or a cake? It is a question McVitie’s spent considerable time and money on in 1991 in order to convince a British tribunal that the sweet treat was indeed a cake. In doing so, it was able to gain a subtle retail edge: avoiding a sales levy on chocolate-covered
In this article MCD STX PXD COP CVX Follow your favorite stocksCREATE FREE ACCOUNT Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC When times get rocky for the stock market, dividends can offer investors a measure of stability in the form of portfolio income. Here are five attractive dividend stocks, according to Wall Street’s
During a recent podcast interview, MicroStrategy’s Michael Saylor expressed the opinion that large corporations purchasing and then proceeding to centralize Bitcoin (BTC) should not be a cause for concern. While speaking to Natalie Brunell on the Coin Stories podcast, released on Aug. 7, Saylor emphasized the inevitability of third-party and corporate participation growing in the
Private equity firms have bought up dozens of UK healthcare companies including ambulance fleets, eye-care clinics and diagnostics businesses over the past two years as they seek to cash in on spiralling NHS waiting lists. Private equity firms have struck 150 deals for UK healthcare companies since 2021, according to consultancy LaingBuisson, with the past
Demand for pawnbroking has hit “record levels” in Britain because of high inflation and a shortage of alternatives, according to the boss of the UK’s biggest operator. H&T Group said pre-tax profit rose 31 per cent to £8.8mn in the first half of the year compared with 2022, while its “pledge book” — loans against
Less than 12 per cent of the sewage network in England and Wales was built in the 19th century, undermining water industry claims that outflows of raw effluent and storm water are a result of antiquated Victorian infrastructure. The majority of the network was instead built in the years before privatisation, with approximately a fifth constructed
Some of the world’s biggest companies are turning to artificial intelligence to navigate increasingly complex supply chains as they face the impact of geopolitical tensions and pressure to eliminate links to environmental and human rights abuses. Unilever, Siemens and Maersk are among those using AI to negotiate contracts, find new suppliers, or help identify those
In July, the search to find the world’s next top-tier copper reserve led a Silicon Valley start-up to the doorstep of a faded mining powerhouse. Late one morning, hard-hatted dignitaries watched keenly as a drill rig bit deep into rock in Chililabombwe, a town in Copperbelt province just inside Zambia’s border with the Democratic Republic
In London this month, it is possible to pay up to £195 for a ticket to a two and a half-hour play about the importance of washing your hands. It is called Dr Semmelweis after Ignaz Semmelweis, a prickly Hungarian doctor who died without being recognised for groundbreaking discoveries he made in the 1800s about
European governments are increasingly turning to windfall taxes to balance their books and tackle public uproar over companies making high profits during the worst cost of living crisis in decades. The Italian government’s surprise levy on banks on August 8 was the latest example of a trend that began when power prices surged in the
UBS is facing a further legal challenge to its controversial takeover of Credit Suisse, as hundreds of individual shareholders — including scores of former employees of the failed bank — are due to lodge a claim in Zurich’s commercial court on Monday. The Swiss Investor Protection Association (SASV), which represents retail investors, is planning to
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Grayscale Investments CEO, Michael Sonnenshein, highlighted a potential negative outcome for the United States economy if the Securities and Exchange Commission (SEC) continues to take a one-by-one approach to regulating the cryptocurrency industry. During a recent interview with Fox Business, Sonnenshein expressed that the SEC could drive crypto firms out of the country by constantly