Exclusive: The billions of dirty money in the City despite FCA scandals that rocked HSBC and NatWest November 29, 2022 Going back more than a decade, in the summer of 2012, HSBC was fined $1.9bn for inadequate compliance and anti-money laundering control processes. The banking giant was found guilty of providing money laundering services to drug cartels as well as terrorist groups in the Middle East. Ten years on, money laundering is still a serious problem. Less [...]
Sunak says ‘of course’ he will provide more help for families facing rising energy bills March 20, 2022 Rishi Sunak has said that “of course” he will help households dealing with further increases in energy bills as a result of the Russo-Ukrainian war. The chancellor said that he will “stand by” people facing the cost of living squeeze in “the same way I have done in the last couple of years”. Sunak will [...]
Britain must meet £100bn target to unblock offshore wind supply chain bottleneck June 29, 2023 Britain risks failing to to meet its offshore wind ambitions, unless the industry is able to invest more in manufacturing and supply chains.
Boris Johnson urges post-Brexit negotiators in India to ‘get it done’ despite Modi’s looser ambitions for trade deal April 22, 2022 Prime Minister Boris Johnson has urged post-Brexit trade deal negotiators working with India to “get it done” this autumn, despite much looser ambitions on the side of his Indian counterpart Narendra Modi. After holding talks in New Delhi on Friday, Modi called for an “immediate ceasefire” in Ukraine but stopped short of criticising Russia’s actions [...]
10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City A.M. this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
Bird watching: What’s going on with X/Twitter’s Community Notes? November 9, 2023 It’s always embarrassing to be called out on a lie. That’s the cruel genius behind Twitter’s Community Notes feature, which brutally exposes mistruths with a cool, simple fact box. As Labour’s shadow foreign secretary David Lammy recently found out, the hard way. He tweeted “As I said on Radio 4 Today this morning, it is [...]
Putin warns of military response to ‘aggressive’ Nato as invasion fears rise December 21, 2021 Russian President Vladimir Putin has warned Nato he will respond “harshly to hostile steps”, amid escalating fears the country could invade Ukraine.
Editorial: Make no mistake – Putin would turn the clock back to the Cold War February 21, 2022 Vladimir Putin did not just signal his intentions to recognise two breakaway Ukrainian republics last night, nor did he only lay the groundwork for a coming invasion of at least those territories. In a speech ostensibly to the Russian people but very much to the world, he declared, simply and clearly – the Cold War [...]
The City View: Michael Hewson on why calls for a windfall tax are misplaced May 3, 2022 Today Andy Silvester talks to Michael Hewson, Chief Market Analyst at CMC Markets. They pick apart the arguments for a windfall tax on BP, discuss potential rate rises from the Fed and Bank of England, and go through the impact that China’s zero-Covid policy has had on manufacturing in the country. And in other news [...]
Claims grow Russian Army is abducting and deporting Ukrainians to remote regions for slave labour March 21, 2022 Ukraine has rejected a Russian deadline to surrender in the city of Mariupol, according to various reports this morning. Details of the Russian proposal was put forward last night by General Mikhail Mizintsev, who said Ukraine had until 05am Moscow time, 2am UK time, this morning to accept its terms. Under Russia’s proposal, civilians would [...]