IlluMyFi

Electricity cable link to Estonia was damaged on Christmas Day in suspected Russian act of sabotage

Finnish investigators say they have found a seabed trail stretching almost 100km (about 60 miles) around the site of an underwater electricity cable that was damaged on Christmas Day in a suspected act of Russian sabotage.

The ship under suspicion of causing the damage, a vessel called the Eagle S flying the flag of the Cook Islands, is believed to be part of Russia’s so-called shadow fleet, used for transporting Russian oil products subject to embargos after the 2022 invasion of Ukraine.

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02.01.25 11:57

by theguardian.com

UK factory output falls at fastest rate since February amid tax rise fears

Manufacturing PMI in December at 11-month low as government policy ‘dampens confidence and raises costs’

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Manufacturers in the UK cut back output last month at the fastest rate since February, compounding the gloomy picture for the British economy, according to a closely watched survey.

The purchasing managers’ index for manufacturing fell to 47, down from 48 in November – the weakest for 11 months. Any reading below 50 signals a contraction.