Press Round-Up Short (Premium)
Sunday newspaper round-up: Ukraine, Gas rationing, Shadow banking
France and the UK will organise a summit to bolster ties. The announcement follows a pledge from the leaders of both countries to help Ukraine through a military surge to stop Moscow. A day before, Emmanuel Macron and Boris Johnson had agreed that an outright defeat of Russian forces was still the best outcome. Failing that, Ukrainian President, Volodymyr Zelenskiy needed to be in the best possible position to reach a deal. - The Sunday Times.
Sunday newspaper round-up: 'Prolonged war', Asda, IAG
The Prime Minister called on the West's leaders to steel themselves for a prolonged war in Ukraine, saying that if not they risked the "greatest victory for aggression in Europe since the Second World War". He also pushed Britain's allies to hold their nerve and make sure that Kyiv had the "strategic endurance to survive and eventually prevail. " According to Boris Johnson, the price of a rushed settlement in Ukraine would not be worth paying. "Imagine for a moment that Vladimir Putin’s visions of glory were to come true.
Sunday newspaper round-up: BT Group, HSBC, IAG
Kwasi Kwarteng, the Business Secretary, may be set to stop billionaire Patrick Drahi from taking over BT through new national security laws and from building up his stake in telecommunications group. Government may also block Drahi from taking a seat on the board. The current ban under takeover rules on any attempt by the investor to launch a bid is set to expire over the coming week. The Government has until the beginning of July to decide whether it wishes to act or not.
Sunday newspaper round-up: Oil, Asos, Materials' and energy prices
The White House appears set to allow Iran and Venezuela to export more oil in response to fuel shortages in the West. With that aim in mind, the US may allow Italy's Eni and Spain's Repsol to send Venezuelan oil to Europe possibly by as soon as in the following month. According to an executive from oil trader Vitol, the Biden administration may also permit Tehran to export its oil even if the country does not provide more assurances regarding its nuclear programme.