UK slaps asset freezes and travel bans on the daughters of Putin and Lavrov to finish off their ‘lavish lifestyles’ April 8, 2022 The UK is sanctioning Vladimir Putin’s daughters Katerina Vladimirovna Tikhonova and Maria Vladimirovna Vorontsova under measures to target the “lavish lifestyles” of the Russian President’s inner circle, the Foreign Office has said. The Foreign Office was also targeting the daughters of Russian foreign minister Sergei Lavrov with travel bans and asset freezes. A statement said: [...]
U.S. plans to sever ties with Russian banks if Ukraine is invaded February 21, 2022 The US has lined up a package of sanctions to slap on Russian financial institutions in the event of an attack on Ukraine, including barring US financial firms from processing transactions for major Russian banks.
Germany resists EU ban on Russian gas as it continues to be Putin’s customer: ‘We would inflict damage on ourselves’ April 5, 2022 Germany has rejected calls for an EU embargo on Russian gas imports, despite mounting civilian deaths in Ukraine.
Mark Kleinman: 777 bid for Premier League side Everton should dial 999 for help April 11, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles the Everton's takeover bid, CVC's float hopes and ex-BP boss Bernard Looney's next destination.
The financial crisis lurking in the shadows: Why regulators must now turn their attention to shadow banking March 6, 2023 Some would argue that predicting the next financial crisis is a near impossible task. But Nobel-prize winning economist Douglas Diamond said in October last year: “The last [financial crisis] started in the banks, it stayed in the banks. This one’s going to start in the shadow banks and the companies.” Shadow banking encompasses a variety [...]
German firms sign hydrogen deals in UAE as country pivots from Russian fossil fuels March 21, 2022 German energy companies will enter into a joint demonstration project for hydrogen transport, revealed the country's economy ministry.
Tugendhat: UK must block Russian access to the City to help stop Ukraine war January 28, 2022 The UK must get tough and block Russia from the City of London’s vast web of financial services if it is to help stop an invasion of Ukraine, senior Tory Tom Tugendhat has said. The Foreign Affairs Committee chair writes in City A.M. today that Boris Johnson should “close down the options that allow” Vladimir [...]
London Metal Exchange sued by US fund manager over nickel freeze June 6, 2022 The London Metal Exchange (LME) is being sued for a sum worth £365m by a Wall Street hedge fund after the cancellation of nickel trading earlier this year. Fund manager Elliott Associates has filed a claim in the English High Court against the platform and its subsidiary LME Clear. The trading platform suspended nickel trading [...]
Ukrainians will need to know prospective UK sponsor to get refugee visa, says Gove March 14, 2022 Ukrainians trying to come to the UK, without family already here, will need to have a “connection” with their prospective sponsor to get a refugee visa, housing secretary Michael Gove has said. Gove said Ukrainian refugees will need to organise a sponsor themselves before they get here, but that he wants to “rapidly expand the [...]
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]