Battle for Kyiv begins as residents flee into bomb shelters: Kharkiv, Sumy and Mariupol also suffering heavily March 9, 2022 An air alert has been declared in and around Kyiv, where residents in Ukraine’s besieged capital city are urged to get to bomb shelters as quickly as possible as it appears the battle for the capital is beginning. “Kyiv region – air alert. Threat of a missile attack. Everyone immediately to shelters.” regional administration head [...]
Closing down: McDonald’s starts removing golden arches across Russia as its 850 restaurants are up for sale May 16, 2022 McDonald’s has become the latest major western corporation to exit Russia since it invaded Ukraine in February, as the burger chain confirmed this morning it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by the war, [...]
UK economy spiralling toward ‘troubling’ recession and even higher inflation June 23, 2022 The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant inflation, reveals a closely watched survey published today. Consumers are responding to the worst cost of living crunch in a generation by cooling spending, while businesses are grappling with flatlining demand, according to S&P Global’s [...]
UK delays Brexit checks on EU imports for a third time April 28, 2022 The UK has delayed post-Brexit checks on EU food imports for a third time, with the new red tape now set to come in at the end of 2023. Brexit opportunities minister Jacob Rees-Mogg made the announcement today, saying it was not the right time to introduce more checks while the Ukraine war was already [...]
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, [...]
Sunak says UK-China dialogue needed to solve ‘global challenges’ November 15, 2022 Rishi Sunak has said the UK and China need to stay in dialogue to solve “big, global challenges” in a backdown from his hawkish stance during the Tory leadership contest. The Prime Minister today said China was a “systemic challenge both to our values and our interests” and the “biggest threat to our economic security”, [...]
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 [...]
Gold and silver tumble as central banks ready interest rate hikes March 14, 2022 Gold and silver prices slipped this morning as looming interest rate hikes and growing optimism of a ceasefire led investors to flee safe haven assets.
EU plans to seize Russian energy revenues as conflict escalates in Ukraine April 6, 2022 The European Union (EU) is planning to seize a portion of Russian energy revenues to pay for the future rebuilding of Ukraine.
The cryptocurrency fundraisers behind Ukraine’s military effort February 8, 2022 Ukraine's bitter stand-off with Russia is being part-funded by cryptocurrency donations, according to research by a blockchain analytics and data specialist.