US says 7,000 Russians killed in war as Zelensky lashes out at Germany March 17, 2022 The US believes more than 7,000 Russian troops have been killed during their invasion of Ukraine as Volodymyr Zelensky today lashed out at Germany for not giving his country enough support. US officials told the New York Times its latest estimate today, which would be more than the amount of American troops killed in the [...]
Polymetal reports boost in Russian demand for gold as sanctions hamper exports March 30, 2022 Russian gold miner Polymetal said it remains resilient to the impact of sanctions today after a boost in demand from Russians looking to store their cash in the traditional safe haven asset.
Government bans services exports to Russia – but UK lawyers excluded May 4, 2022 Ministers have announced a ban on services exports to Russia, including management consulting, accounting and public relations but excluding legal professions. In the latest tranche of sanctions from foreign secretary Liz Truss, Russian businesses will no longer be able to do businesses with UK professional services firms. Many businesses have already cut connections with the [...]
Binance defies calls to block Russian users from crypto exchange March 2, 2022 The chief executive of Binance has defied calls to freeze the accounts of Russian users amid conflict with Ukraine.
Fashion retailers Boohoo and ASOS suspend sales to Russia in solidarity with Ukraine as M&S suspends shipments March 3, 2022 Fast fashion retailer Boohoo has become the latest firm to announce it has suspended sales of clothes to Russia. The Manchester-based e-commerce business joins brands such as Asos and Next, as well as designer names such as Burberry, in making a stand. In a update published on the London Stock Exchange, Boohoo said it was [...]
A toast to a famous Ukraine Eurovision win – with vodka of course May 20, 2022 Ukraine’s triumph at last weekend’s Eurovision Song Contest came as a surprise to no-one. The competition’s traditional regional, ethnic, and political voting blocs were abandoned, as voters from across the continent delivered their overwhelming support to the embattled people of Ukraine, and while the folk-rap number Stefania, by Kalush Orchestra, may not have won strictly [...]
Big banks axe dealmaker jobs as revenues tumble July 12, 2022 Major investment banks have started cutting dealmaker jobs after last year’s hiring binge as revenues fall. 12 big banks have slashed their investment banker roles in the second quarter of 2022, according to research from data provider Coalition Greenwich, as reported by Financial News London. These include Bank of America, Barclays, BNP Paribas, Citigroup, Credit [...]
FCA warns banks of Russian cyber attacks as Ukraine tensions ripple through European finance February 9, 2022 The Financial Conduct Authority has warned UK banks to stress test their cyber defences as fears grow of Russian-sponsored cyber attacks amid tensions in Ukraine.
Petrol price plummets to below 150p for first time since Russia invaded Ukraine January 10, 2023 The average price of petrol has fallen below 150p per litre for the first time in more than 10 months. Figures from data company Experian show the average price of a litre of the fuel at UK forecourts on Monday was 149.7p. The reduction of nearly 42p from the record high of 191.5p in July last year, [...]
Euro on course to stay below US dollar parity for some time, Goldman warns November 6, 2022 The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly, a top Wall Street bank has said. The currency used by the 19 countries that make up the eurozone is set to drop to $0.94, according to Goldman Sachs. The euro last [...]