Ggood morning.
After Putin threatened to deprive the facility, Shell could be forced to abandon its investment in Russia’s major gas projects.
The Kremlin said the rights to the Sakhalin 2 plant will be transferred to a new Russian company because of threats to national interests and economic safety.
Shareholders can say for a month whether to invest in the new company, but have been warned that they may not be able to get their money back.
This move could lead to the complication of the shell holding a 27.5pc stake in Sakhalin 2.
The company previously said it plans to sell its stake, worth an estimated $ 4.1 billion (£ 3.4 billion), and that China’s national energy company is associated with potential transactions.
5 things to start the day
1) BT workers strike for the first time since Thatcher’s privatization 40,000 staff who rejected “unsustainable” salary increase proposals strike with broadband blow
2) How Heinz Stimulated Tesco in the Battle of Beans The showdown spotlights supermarket and supplier tensions as inflation bites
3) Elon Musk escalate Tesla’s war of working from home with an email “Please explain” If the staff does not go to the office often, the staff will receive an automatic communication
Four) The surge in early retirement is driving inflation, says Top Treasury Mandarin. The outflow of nearly 500,000 workers from the employment market is damaging the economy
Five) Amazon is under political pressure to block LGBTQ searches in the UAE Online giants say they are in compliance with the laws of the countries in which they operate
What happened overnight
Asian markets regain this morning following another sellout on Wall Street, warning of a bleak outlook for the global economy as the central bank put a brake on it to combat rising inflation and fears of a recession. I had a hard time.
Data showing that U.S. consumers, the backbone of the world’s top economy, are becoming more and more modest about hitting stocks on Thursday, the worst January-June S & P 500 since 1970 I was suffering.
As the war in Ukraine shows no signs of ending and continues to raise energy costs, borrowing costs are expected to continue to rise, putting the economy in recession.
After a major setback in Asia on Thursday, the market fought for recovery, but with little confidence.
Tokyo, Shanghai, Seoul, Taipei and Bangkok all fell, but Sydney, Singapore, Manila and Jakarta showed a slight increase. Hong Kong was closed due to a holiday.
Come today
- Company: No scheduled updates
- Economy: inflation (we)PMI manufacturing (UK, US, EU China)Mortgage approval (England)