Stellantis to close Russian van plant as supply chain issues bite March 31, 2022 Automotive giant Stellantis said today it will be forced to close its Russian van plant following a shortage of parts. Operating only for the local market, the facility is situated in the western city of Kaluga and was run in partnership with Mitsubish. The world’s fourth-largest car maker didn’t specify whether it would write down [...]
Pound’s dramatic drop is biggest shock of this year, says City grandee October 24, 2022 The pound’s dramatic fall in the wake of the mini-budget market turmoil was the group’s biggest shock of the past year as a City insider likened the sterling sell-off to the Turkish lira crisis. Angela Cretu, global chief executive of beauty giant Avon International, said that sterling’s dramatic fall has caused challenges for the group, [...]
Johnson promises Ukraine more defensive weapons in call with Zelensky March 6, 2022 Boris Johnson has promised Ukrainian President Volodymyr Zelensky more “defensive equipment” to fight off the Russian invasion in a call today. A Number 10 spokesperson said the pair “discussed the deteriorating humanitarian situation in Ukraine, precipitated by Russia’s indiscriminate attacks and ceasefire breaches” and “the increasing threat Russia’s barbaric attacks pose to Ukrainian civilians and [...]
Taxes have never been so high but it’s still not enough for some October 4, 2023 While tax levels reach a historic highs and public spending soars, public sector workers are striking for more pay. Paul Ormerod argues that we've forgotton who pays for those salary increases.
Is the UK sanctions watchdog up for the fight? January 18, 2024 Russia’s invasion of Ukraine sparked a wave of sanctions. But experts are questioning whether the UK's sanctions body, OFSI, will take the tough action needed to make sure UK companies comply.
Economic sanctions must be backed up by a tax regime ready to isolate the Kremlin March 18, 2022 Almost three million people have fled Ukraine since Vladimir Putin ordered the Russian invasion nearly three weeks ago. Three million people – equivalent to the population of Wales – fighting to retain some semblance of normal life while Putin’s cruel assault shatters their homeland. And as I listen to heart-wrenching stories of individuals and families [...]
Londoner evacuates dozens of Ukrainian refugees across Polish border in his black cab March 8, 2022 A British man is seen helping to evacuate refugees across the Ukraine-Polish border by using a London black cab. Londoner Roman Tymchyshyn, 31, has already transported around 80 people including pregnant women, disabled elderly people, children and even a nine-month-old baby. He began driving refugees in his black cab across the Polish border on February [...]
Total profits as French energy giant joins rivals with record £29.9bn earnings February 8, 2023 Oil and gas major Total Energies has joined the profits party alongside its rivals, posting record full-year earnings of £29.9bn.
M&S franchises remaining open in Russia is ‘buttressing Putin’s brutality’, Tory MP says March 18, 2022 Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. The representative for Rutland and Melton, Alicia Kearns, made her comments while hosting four Ukrainian politicians on Thursday. This comes as major international [...]
Eurovision 2022 faces new levels of politics May 13, 2022 Whilst the Eurovision contest has always been given a political tint by viewers, who look for signs of the audience turning towards or against nations based on geopolitical factors, this year feels especially pertinent for Europeans tuning in tomorrow evening. With Russian banned, Ukraine is already the favourite to win with its folk and rap [...]