H&M: Sales to drop 10 per cent due to unusually hot September and Russia pull-out September 27, 2023 H&M has warned that its sales are expected to decrease by 10 per cent in September, as unusually hot weather and discontinued operations in Russia have dampened trade. The gloomy forecast puts a damper on the Swedish fashion giant’s latest third quarter update, revealing a six per cent rise in net sales to SEK 60,897m [...]
Oligarch: Putin and Russia won’t be stopped by ineffective sanctions September 26, 2023 Oligarch Oleg Deripaska said Russia and Putin have weathered Western sanctions imposed over the invasion of Ukraine
Ukraine ‘launches missile strike on headquarters of Russia’s Black Sea fleet’ September 22, 2023 Ukraine has carried out a missile strike on the headquarters of Russia’s Black Sea fleet, with one serviceman missing, the Russian defence ministry has said. The Russian-installed governor of Sevastopol, Mikhail Razvozhayev, said no one was injured outside the burning headquarters but did not provide information on other casualties. Firefighters battled the blaze and more [...]
North Korea plots follow-up after Putin meeting with Kim Jong Un September 22, 2023 North Korean leader Kim Jong Un discussed follow-up measures to his recent visit to Russia with his powerful politburo
London-listed Georgian banks pressured to dodge US sanctions by central bank September 21, 2023 Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.
Biden urges world leaders to stand up to Russia over Ukraine September 19, 2023 President Joe Biden urged world leaders to stand up to Russia, warning no nation can be secure if “we allow Ukraine to be carved up”.
London-listed Mondi leaves Russia after agreeing to sell biggest paper mill September 18, 2023 UK paper and packaging giant Mondi has agreed to sell its largest Russian plant for around 775 million euros (£668 million) to a Moscow-based property development group. Mondi’s share price jumped by nearly five per cent on Monday morning after it unveiled the deal involving Syktyvkar, its last remaining plant in Russia and the country’s [...]
Kim Jong Un inspects Russian bombers, missiles and frigate September 16, 2023 North Korean leader Kim Jong Un has inspected Russia’s nuclear bombers, hypersonic missiles and an advanced warship from its Pacific fleet, during a trip to the country’s far east. After arriving in the city of Artyom by train, Kim travelled to an airport just outside the port city of Vladivostok where Russian defence minister Sergei [...]
Russia admits error after pilot ‘thought he had permission to shoot down RAF spy plane’ September 14, 2023 A Russian pilot tried to shoot down an RAF spy plane believing he had been given permission to fire, according to a report. Russia blamed a “technical malfunction” for causing the incident over the Black Sea on September 29 last year. But intercepted communications suggest the pilot fired after receiving an ambiguous command from a [...]
‘India’s son-in-law’: Sunak’s headache projecting Britain abroad while problems mount at home September 8, 2023 It’s the age-old headache for prime ministers, and Rishi Sunak is no different. Overseas trips – full of opportunities to appear statesmanlike, gladhand other world leaders, and represent Britain on the global stage – always seem to come at the worst possible time. At the G7 in Japan earlier this year – possibly jetlagged and [...]