Boris Johnson makes U-turn as PM ‘totally agrees’ Brexit and Ukrainian war are not the same March 25, 2022 Prime Minister Boris Johnson has said he “totally agrees” that Brexit and the Ukrainian resistance to the Russian invasion are not the same. The Prime Minister has come under criticism for comments where he appeared to compare the UK voting to leave the EU, and the Ukrainian fight against Russia. Speaking at the Conservative Party [...]
Explainer-in-brief: A bill to fight off a dangerous global grain shortage May 24, 2022 This week, a bill to accelerate the manufacturing of genetically edited crops will be brought to Parliament. As the world faces a potential food crisis in the aftermath of Putin’s invasion of Ukraine, the government hopes the bill will allow it to shore up the country’s reserves of wheat. Genetically edited crops are more resistant [...]
Trafigura hands £1.4bn to shareholders after unveiling monster profits December 8, 2022 Trafigura will hand over £1.4bn ($1.7bn) to traders and shareholders after its net profit more than doubled from last year's record levels.
UK space industry to benefit ‘very positively’ from Russian sanctions June 17, 2022 The UK’s space industry stands to benefit “very positively” from sanctions against Russia, which have pushed its rocket launching capabilities off the global stage, one space chief has told City A.M. Russia’s launches once rivalled SpaceX in both frequency and success. But a mixture of bans and boycotts after its invasion of Ukraine has seen a [...]
Ukraine: UK sanctions another 206 Russians in response to railway bombing April 13, 2022 The UK has hit another 206 individuals with sanctions in response to an horrific attack on civilians trying to escape Russia’s invasion at a train station last week. Foreign secretary Liz Truss said 178 of those sanctioned were key members of the Russian-backed Lugansk and Donetsk breakway states in the eastern Donbas region. The train [...]
Russia defaults on foreign debt for first time since 1918 Bolshevik revolution June 27, 2022 Russia has defaulted on its foreign debt obligations for the first time since the Bolshevik revolution in 1918. Sanctions launched by an alliance of western nations in response to Russian president Vladimir Putin’s invasion of Ukraine have hobbled the Kremlin’s access to its assets, meaning it has been unable to pay foreign investors. Moscow has [...]
Ukraine: Raab plays down threats of Putin using nuclear weapons March 6, 2022 Dominic Raab has played down the chances of Vladimir Putin using nuclear weapons as a result of the invasion of Ukraine, with the Russian President’s threats labelled as “rhetoric and brinkmanship”. The deputy Prime Minister said Putin has a “track record of misinformation and propaganda” in the wake of the Kremlin’s decision last week to [...]
Coca-Cola bottler details £160.2m hit from Russia sales suspension August 11, 2022 Coca-Cola HBC has revealed it took a hit worth £160.27m after suspending the sale of its beverages in Russia following the invasion of Ukraine. In interim results, the soft drink bottler said it anticipated charges of around £69.17m in the second half of the year after depleting its stocks and suspending production and sales of [...]
UK says it may take up to 200,000 Ukraine refugees amid Kremlin promise of ceasefire after ‘relentless’ Russian shelling March 8, 2022 UK Defence Secretary Ben Wallace said this morning the UK may take up to 200,000 refugees from Ukraine, various various schemes and visa routes. Wallace told Sky News around 200,000 Ukrainian nationals may be able to settle in Britain. His remarks come after the Kremlin promised again this morning safe corridors for civilians. However, the [...]
Bank of England should use Russian reserves to repair Ukraine economy March 27, 2022 The Bank of England should use the Russian central bank’s frozen reserves held at Threadneedle Street to help rebuild the Ukrainian economy. That’s according to the head of Ukraine’s central bank who today urged governor Andrew Bailey and co to allocate the around £21bn of sanctioned assets to repairing the damage inflicted on Ukraine’s cities [...]