Bloomberg A controversial UK oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters. The Cambo field has received a two-year extension from the energy regulator, operator Siccar Point Energy Ltd said. The project was put on ice late last year after minority owner Shell chose ...

Amid the carnage of war in Ukraine, one man appears to feel grimly vindicated, if not quite happy about how things have turned out — the man who played an outsize role in starting the conflict in 2014, Igor Girkin, also known as Strelkov. Few people are hated as much in Ukraine as Strelkov (I’ll use his nom-de-guerre throughout, since ...

In the global financial crisis, we learned the hard way that excessive leverage can bring down the economy — even if it doesn’t sit directly on the balance sheets of systemic banks. We also learned the importance of robust governance, risk management and controls. Unfortunately, we are seeing evidence that, in some parts of the banking and wider financial system, ...

  Could this mean peace in our time? Positive sounds about a possible ceasefire in Ukraine sparked a surge in global stock markets, particularly in Europe. Oil prices took a dive, and ructions in the bond markets intensified. A Russian announcement that its military was cutting back activity around Kyiv and Chernihiv in the north of Ukraine to concentrate on ...

  By officially accusing the Russian military of committing war crimes in Ukraine, President Joe Biden’s administration has seemingly confirmed the obvious. Vladimir Putin’s troops have so far attacked apartment buildings, hospitals, shopping centres and schools during their invasion of Ukraine. They’ve cut countless Ukrainians off from food, heat, electricity and running water. Thousands of civilians have been wounded or ...

  Bloomberg A team of US airplane accident investigators and technical experts could head to China as soon as this week to help unravel the mysterious crash of a Boeing Co 737 jet earlier this month, the National Transportation Safety Board (NTSB) said. The Chinese government has issued visas to NTSB investigators, along with technical advisers for the US Federal ...

  Bloomberg Austin, Texas, airport officials warned of an impending jet-fuel shortage amid a surge in travel to and from the state’s capital city. Austin-Bergstrom International Airport issued a fuel-shortage alert and urged airlines to carry extra fuel or send in more supplies via tankers, said Sam Haynes, a spokesperson. With 282 flights scheduled for today & 1,600 + more ...

  Bloomberg Europe’s biggest mall landlord plans to turn half a billion shoppers into a huge new advertising audience. After two-years of turmoil unleashed by Covid-19, Unibail-Rodamco-Westfield is working on how it can leverage its shoppers as it charts its recovery to pre-pandemic levels. At the heart of its strategy is a plan to track, monitor and profile the 550 ...

  Bloomberg A BNP Paribas Exane analyst slapped a sell-equivalent rating on Amazon.com Inc’s stock, the first time in two years anyone on Wall Street has been bearish on the shares. Amazon’s capital spending is going to be much higher than the market expects, while profit margins will be hurt by “inflation shocks,” analyst Stefan Slowinski said in a phone ...

  Bloomberg UK airport ground-handling specialist John Menzies Plc accepted a $750 million takeover bid from Kuwaiti suitor Agility Public Warehousing Co that had been sweetened for a third time. The Menzies board backed the offer of 608 pence a share in cash after Agility subsidiary GIL International issued a formal proposal, the companies said. The bidding had started with ...