UK: Fresh sanctions placed on Russia as Belarus swallows first tranche March 2, 2022 The UK government has imposed a second round of sanctions on Russia and fresh restrictions on Belarus, following their invasion of neighbouring Ukraine. The UK became the first country yesterday to ban all Russian ships from entering UK ports. New measures hauled in today by foreign secretary Liz Truss, amid Russian president Vladimir Putin’s sustained [...]
US Federal Reserve to hike rates for first time in over three years March 14, 2022 The US Federal Reserve will hike interest rates for the first time in over three years on Wednesday as the central bank takes the first step in shifting policy from supporting the American economy through the pandemic to taming runaway inflation. Fed Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast February 21, 2023 The UK government spent less than it reaped in from taxpayers last month helping to push yearly borrowing £30bn lower than projected by forecasters, officials figures out today reveal. The difference between what the government generated in revenue and spent hit a positive £5.4bn, meaning the UK’s public finances were in surplus last month, according [...]
‘Liar’: Less than a quarter of Brits paint Boris Johnson in a positive light April 18, 2022 Prime minister Boris Johnson is facing the wrath of British public opinion following revelations about his role in partygate. The prime minister was fined for attending a party which breached his government’s own Covid-19 laws, and made headlines across the globe. In a survey by JLPartners, commissioned by The Times, just 16 per cent of [...]
Business of Space: Sharing satellite imagery or an act of war? March 18, 2022 This week: Canadian firm enjoys revenue jump after snagging NASA contract To share or not to share? Ukraine asks Japan for satellite imagery over Russia OneWeb’s US proxy lines board with former US national security officials Canada’s MDA Space technology firm MDA has swung from its losses in the final three months of 2021, after [...]
Commodities rally amid fears of shortages after Russia invades Ukraine February 24, 2022 Aluminium, nickel and zinc have boomed following Russia's invasion of Ukraine, which has boosted long-standing rallies in the materials.
If Ukraine falls, others will be next January 26, 2022 Down by the harbour in the beautiful city of Tallinn lies the Seaplane Harbour museum, the exhibits of which tell the story of Estonia’s heritage and, hopefully, its future. It achieved independence only in 1920 after centuries of foreign rule – before being invaded by the Nazis, and then annexed by the Soviet Union. It [...]
Following Google’s lead: Microsoft axes Russia Today and bans state-owned media ads February 28, 2022 Microsoft have stated in a blog post that it will be removing Russian state-owned media outlet RT’s mobile apps from the Windows App store, as well as cutting ads on Russian state-sponsored media. In a post, the tech giant said: “One of our principal and global responsibilities as a company is to help defend governments [...]
German households braced for heavy levy as country counts cost of Russian squeeze August 15, 2022 German households will suffer the heavy price of a Russian supply squeeze on European gas flow, with a new levy on their energy bills.
European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]