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Attention turns to McDonald’s, and cryptocurrency exchanges, as holdouts in Russia exodus
With the west having unleashed the most severe financial sanctions ever imposed on a developed economy and numerous companies having closed or announced plans to exit their operations in Russia, attention is now turning to those businesses yet to take a stand against Vladimir Putin’s invasion of Ukraine.While many bastions of corporate America, including Nike, …
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Business Live
Norges Bank becomes second largest investor in Boohoo
The central bank of Norway has become the largest institutional shareholder in fast fashion giant Boohoo. Norges Bank has almost tripled its stake in the Manchester-headquartered company from 4.2% to 11.7%, according to documents filed with the London Stock Exchange. The move comes after the bank first acquired a 3.1% holding in the business in …
Business
Sky News
Facebook and Instagram to block RT and Sputnik in the UK
Facebook and Instagram are blocking RT and Sputnik for users in the UK following a request by the British government.It follows a letter by Culture Secretary Nadine Dorries in which she urged Meta, TikTok, and Twitter to restrict access to the Russian state-owned organisations which she accused of spreading “damaging propaganda into Britain”. “I want …
Business
Sky News
Ex-Lords media committee chair Gilbert joins race for Ofcom job
The former chairman of an influential House of Lords committee has become the latest establishment figure to join the race to head Britain’s media regulator. Sky News has learnt that Lord Gilbert of Panteg, who chaired the upper chamber’s communications and digital committee, is on a shortlist of candidates to replace Maggie Carver, Ofcom’s interim …
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Sky News
Microsoft to suspend all sales and services in Russia
Microsoft has announced that it is suspending all new sales of its products and services in Russia.In a blog post on Friday, the company said: “Like the rest of the world, we are horrified, angered and saddened by the images and news coming from the war in Ukraine and condemn this unjustified, unprovoked and unlawful …
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Sky News
Turn down your thermostat to defeat Russia’s gas dominance, says energy watchdog
Brits could help to reduce Europe’s reliance on Russian energy by temporarily reducing their thermostat by 1 degrees Celsius, according to new analysis from the International Energy Agency (IEA).The group has released a 10 point plan that it says could bring down gas imports from Russia by over one-third, with additional temporary options to deepen …
Business
Sky News
Turn down your thermostat to defeat Russia’s gas dominance, energy watchdog says
Brits could help to reduce Europe’s reliance on Russian energy by temporarily reducing their thermostat by one degree, according to new analysis from the International Energy Agency (IEA).The group has released a 10-point plan that it says could bring down gas imports from Russia by over one-third, with additional temporary options to deepen these cuts …
Business
Business Live
Castell Coch is looking for a new operator to run its popular tea rooms
A new operator to run the tea rooms at Cardiff’s Castell Coch is being sought. Real estate adviser Avison Young is seeking an experienced operator for the 30-cover tea rooms at the popular visitor attraction. Available on a new three year lease, the facility is situated on the ground floor of the castle inside the …
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Business Live
Northern Ireland dominates UK jobs hotspot league table – report
Evidence of the ever-tightening labour market has emerged from a new report which showed eight Northern Ireland council areas are in a list of the top 10 UK hiring hotspots. Industry body the Recruitment & Employment Confederation (REC) tracks the number of active job adverts on a week-by-week basis and said there were around 1.82 …
Business
Business Live
Leicestershire Country Cricket Club giving half of early pre-season ticket sales to Ukraine Crisis Appeal
Leicestershire County Cricket club has said it is giving half of all pre-season ticket sales over the next two weeks to the British Red Cross Ukraine Crisis Appeal. The club said sales will be split with the humanitarian appeal up to March 18. The British Red Cross is among the many international agencies desperately trying …
Business
Business Live
The cross-border Western Gateway partnership wants to create the UK’s first green energy cluster
The Western Gateway, a cross- border economic partnership between South Wales and the west of England, will hold its first ever green growth conference at the Celtic Manor in Newport next Tuesday. Here its chair Katherine Bennett on its plans to create the UK’ first green energy cluster and more. Our Western Gateway area is …
Business
Sky News
Airbnb suspends 90,000 rentals in Russia
Airbnb has said it will suspend all operations in Russia and Belarus following the invasion of neighbouring Ukraine last week.Russia currently has 90,000 active short-term rentals available on Airbnb, according to market research firm AirDNA. Brian Chesky, the company’s chief executive and founder, said earlier this week that the company would house 100,000 Ukrainians forced …

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