London Metal Exchange faces second lawsuit this week after Jane Street sues over nickel trading fiasco June 7, 2022 New York trading firm Jane Street Capital has followed its Wall Street rival Elliot Management in filing a lawsuit against the London Metal Exchange (LME), over its decision to halt trading of nickel and cancel trades in March. The high-frequency trading firm is suing the LME for $15.3m (£12.2m), after the Hong Kong Exchanges and [...]
From Rwanda to inflation, Sunak has tied himself to pledges he can’t control November 16, 2023 Cutting both immigration and inflation are two of Sunak’s cornerstone pledges, but the PM is struggling to wrest the former under control even as he amps up the rhetoric, writes Simon Neville
UK set to cut food tariffs to ease cost of living pressures June 30, 2022 The UK is set to cut tariffs on imported food in a bid to ease the cost of living crisis, Boris Johnson has said. The Prime Minister said products the UK does not produce – like oranges, rice, olives and bananas – could see price cuts in the coming months by slashing tariffs on foreign [...]
Sunak: UK has ‘tools at our disposal’ to tackle 40-year high inflation June 28, 2022 The UK has “the tools at our disposal” to tackle the worst inflation spike in four decades, the chancellor urged today. Responding to a grilling by MPs in the house of commons, chancellor Rishi Sunak said Britain is “not immune” to the inflationary “shocks” that are sweeping through the world’s richest economies. Prices have climbed [...]
Ukraine vice prime minister urges crypto exchanges to block Russian users February 28, 2022 Ukraine’s vice prime minister has called for crypto exchanges to block Russian accounts amid concerns digital assets are being used to evade sanctions. Mykhailo Fedorov made the plea on Twitter yesterday as invading Russian forces advanced on Kyiv, the country’s capital city. “I am asking all major crypto exchanges to block addresses of Russian users,” [...]
Letters: Back to the history books on the energy crisis February 21, 2022 [Re: We must end our dependency on Russia’s gas and embrace renewable, Feb 18] For an escalation to have a large and lasting impact on markets beyond Russia and Ukraine, it would probably have to result in a significant hit to energy supply (something which did not happen after the annexation of Crimea). In fact, [...]
Western IPOs plummet in value as war in Ukraine triggers volatile conditions for businesses June 6, 2022 The value of US and European IPOs has tumbled 90 per cent this year amid conflict in Ukraine, with rising inflation and interest rates.
Cooling Russia-Ukraine tensions lift London markets February 15, 2022 London markets bounced back yesterday as a seeming de-escalation in tensions between Russia and Ukraine cooled investors’ fears about an imminent invasion. The capital’s premier FTSE 100 index closed 1.03 per cent higher at 7,608.92 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 1.09 [...]
Jaguar Land Rover halts all sales to Russia while BMW’s Mini plant ends production due to Ukraine conflict March 2, 2022 Sales by car manufacturer Jaguar Land Rover (JLR) to Russia has been suspended following the invasion of Ukraine. The firm announced that it made the decision due to the “wellbeing” of its workforce and those “within our extended network”. Sanctions imposed on Russia have heavily restricted the ability of companies to sell goods there. JLR, [...]
Editorial: An ‘off-ramp’ for Putin? West can only offer him a u-turn March 8, 2022 As Russia’s invasion of Ukraine goes ever more bloody and ever more of a military disaster for the Kremlin, it has become trendy to talk of giving Putin an “off ramp” that allows him to save face, whilst also bringing to an end the senseless murder being unleashed on Ukraine. Putin’s people themselves offered one [...]