Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.
Isolated Kremlin in overdrive as Russia pounds Kyiv while Putin arrests own security chiefs and begs China for new weapons March 14, 2022 Russia’s military forces have kept up their punishing campaign to capture Ukraine’s capital with fighting and artillery fire in Kyiv’s suburbs. It comes after an air strike on a military base near the Polish border brought the war close to Nato’s doorstep overnight. It raised the possibility that the alliance could be drawn into the [...]
Payment giants join Russia exodus March 6, 2022 The world’s top payment providers have pulled out of Russia in response to Moscow’s assault on Ukraine. American Express, Mastercard and Visa debit and credit cards issued by Russian banks will be booted out of their networks, the trio announced over the weekend. Cards issued outside of Russia will no longer work at ATMs in [...]
Bank of England signals inflation has peaked but warns of 15-month long recession February 2, 2023 Inflation in the UK has peaked and is on course to fall rapidly over the coming year, easing the worst cost of living crisis in a generation, but a slow burning, mild recession is still a threat, the Bank of England said today. The rate of price increases is poised to more than halve from [...]
Ukraine invasion: Putin’s daughters sanctioned by the White House April 6, 2022 Vladimir Putin’s daughters have been sanctioned by the United States as Putin’s invasion of Ukraine continues. The President’s adult children, relatives of Foreign Minister Sergei Lavrov and members of Russia’s Security Council will be affected by the measures announced by the White House this afternoon. Putin’s children affected by the sanctions, Maria Vorontsova, 36, and Katerina [...]
Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
Analyst toasts death of Russian stock market live on Moscow TV March 3, 2022 A financial analyst today toasted the death of Russia’s capital markets live on one of the country’s top business channels. “Dear stock market, you were interesting. Rest in peace, dear comrade,” he said, as he opened a bottle to offer a funeral toast to the country’s financial markets. Moscow’s invasion of Ukraine has sent Russia-exposed [...]
Energy crisis: Can someone shine a light on the Bulb takeover deal? February 6, 2023 Octopus' takeover deal for Bulb is set to cost the taxpayer much less than originally feared, but the deal remains shrouded in secrecy.
No 10 lights up with Ukrainian colours as PM says the UK “will not look away” February 24, 2022 No 10 was tonight lit up with the colours of Ukraine’s flag, blue and yellow, to show solidarity with Kiev following Russia’s invasion. “Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny,” said Prime Minister Boris Johnson in a tweet. “We – and the [...]
Eurozone economy pulls away from recession as inflation slips again to 5.3 per cent July 31, 2023 The European economy is outperforming expectations and pulling away from recession as inflation continues to descend, official data out today shows. Growth across the 20 countries that use the euro hit 0.3 per cent in the three months to June, according to the bloc’s statistics agency Eurostat. That topped analysts’ expectations of a 0.2 per [...]