Economic sanctions must be backed up by a tax regime ready to isolate the Kremlin March 18, 2022 Almost three million people have fled Ukraine since Vladimir Putin ordered the Russian invasion nearly three weeks ago. Three million people – equivalent to the population of Wales – fighting to retain some semblance of normal life while Putin’s cruel assault shatters their homeland. And as I listen to heart-wrenching stories of individuals and families [...]
Johnson warns Macron that G7 must not give Putin ‘licence to manipulate’ June 26, 2022 Boris Johnson has cautioned French President Emmanuel Macron at today’s G7 meeting that political leaders must not give Vladimir Putin a “licence to manipulate” the West. The Prime Minister waved away suggestions that the conflict should be resolved now in a veiled swipe at Macron’s recent comments that Putin must not be “humiliated” and should [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]
Kremlin coup rumours growing in Moscow: Disgruntled generals join FSB looking to oust Putin and end Ukraine war May 5, 2022 Rumours are swirling in Moscow that a number of former generals and KGB officials are preparing to oust Russia’s president Vladimir Putin and plan to end the war in Ukraine, which is increasingly seen across Russia as a strategic mistake and, above all, an economic disaster. The top of Putin’s former employer – the Russian [...]
Markets: Three things we learned this week May 5, 2023 This week the markets had a lot to digest, bumper energy profits, the tail end of the banking sector’s latest round of results, and a rate rise from the Federal Reserve. There was also some positive house price data, which gave the FTSE 100 a spring in its step. With Coronation weekend looming we take [...]
China and India fuel record high coal prices despite falling US and EU usage June 26, 2023 Coal prices climbed to record levels last year driven by rising demand across Asia, according to a new report on global energy trends.
Oil prices to stay high this year on China reopening and OPEC output snags, experts predict February 19, 2023 Oil prices will be propped up this year by rebounding demand from China alongside tightening supplies into Europe and OPEC's capacity issues.
Johnson says UK preparing to ban Russia from issuing state bonds in London February 23, 2022 Boris Johnson has said he is preparing to ban Moscow from issuing sovereign bonds in the UK and bar Russian companies from raising money in the City of London if Vladimir Putin makes further military incursions in Ukraine. The Prime Minister today waved away calls that the UK’s set of sanctions yesterday in response to [...]
Ukraine and Russian delegations to hold talks on Belarus border as Putin puts nuclear forces on high alert February 27, 2022 Delegations from the Ukrainian and Russian governments will meet on the Ukraine-Belarus border as Vladimir Putin today put his country’s nuclear deterrent forces on high alert. The move to put Russia’s nuclear forces on “special regime of duty” comes after Putin told top officials in a televised meeting that the west’s economic sanctions are “aggressive [...]
Bank of England to lift interest rates to 23-year high of six per cent to strain roaring inflation June 21, 2023 The Bank of England is on track to kick interest rates up to their highest level in over 23 years in a bid to rein in inflation that is withstanding prior increases to borrowing costs, markets are betting. City traders ratcheted up their bets on peak UK interest rates in response to numbers from the [...]