Saturday Sitdown: Credit Suisse’s global investment boss on the dawn of a new world order March 5, 2022 The Russian invasion of Ukraine has accentuated geo-political risks, further fueling volatility on financial markets and unsettling investors. These developments mark a clear shift to a new world order, Michael Strobaek, Credit Suisse’s global chief investment officer, told City A.M. in an exclusive interview. “This new world order will make risk management as well as investing [...]
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Kyiv accuses Moscow of pushing 400,000 Ukrainians into forced labour March 25, 2022 Ukraine has accused Moscow of forcibly removing more than 400,000 people from destroyed Ukrainian cities to Russia, to be used as bargaining chips. Ukrainian ombudsperson Lyudmyla Denisova said that hundreds of thousands, including 84,000 children, may be used as “hostages” to pressure Kyiv to surrender. Reports emerged earlier in the week that the Russian army [...]
Liz Truss says ban on Russia Today risks Kremlin crackdown on the BBC February 28, 2022 Foreign Secretary Liz Truss has warned that if the UK bans Russia Today then the BBC could be banned from Russia amid fears of a Kremlin crackdown. She said: “We want the Russian population to hear the truth about what Vladimir Putin is doing”. It comes after calls in the UK that the state-controlled Russian [...]
Ukrainian President Zelensky warns of ‘fully fledged’ European war if Russia invades February 1, 2022 A Russia-Ukraine conflict would turn into a “fully fledged” European war, Ukrainian President Volodymyr Zelensky has warned. Zelenksy met with Boris Johnson in Kyiv today, with the Ukrainian President telling a press conference that “we have to be prepared for bad things” as fears continue to mount that Russian President Vladimir Putin will launch an [...]
Eurozone core inflation falls, opening door to smaller ECB interest rate hike May 2, 2023 Inflation is receding faster than expected in Europe, raising the prospect of the bloc’s central bank slowing the pace of its interest rates hike this week, new figures out today reveal. The rate of underlying price increases – known as core inflation – in the group of 20 countries using the euro thinned to 5.6 [...]
Stateside inflation surges to over 40 year high strengthening case for rapid US Fed tightening March 10, 2022 Stateside prices are accelerating at the fastest pace in over 40 years, strengthening the case for the US Federal Reserve to front load reining in policy. Inflation in the US scaled to 7.9 per cent, according to data released by the US Bureau of Labor Statistics today, the hottest rate since January 1982. The fresh [...]
Bank of England will have to keep hiking rates to stop inflation hanging around, MPC’s Mann warns February 6, 2023 The Bank of England will have to hike interest rates again to stop the UK from being hit by a much stronger inflation surge than expected, one of its top rate setters has said today. Catherine Mann, an external member of the monetary policy committee (MPC) who has consistently backed steeper rate increases compared to [...]
Energy security hopes belong in wonderland unless Britain builds again July 17, 2023 The government needs to speed up the approval and construction of energy projects if it has any hopes of supply security and net zero.
Market stabilisation charges yet to be triggered confirms Ofgem May 17, 2022 Market stabilisation charges have not yet been applied to the domestic energy market, revealed regulator Ofgem.