Easter Reads part one: the best in our opinion pages on politics, the economy and Ukraine April 16, 2022 Back when partygate was “seemingly” subsiding, Giles Kenningham looked at another political headache for Johnson, one with a much longer legacy: the future of the Union. The pandemic gave a taste of greater independence to the devolved nations, and now some want to keep it – surely, that’s the case with Scotland’s Nicola Sturgeon. To [...]
China calls friendship with Putin ‘ironclad’ amid heavy fighting and claims 10,000 Russian soldiers are now dead March 8, 2022 China’s foreign minister has called Russia his country’s “most important strategic partner” as Beijing continues to refuse to condemn the invasion of Ukraine despite growing pressure from the US and European Union (EU) to use its influence to rein Moscow in. Wang Yi said Chinese ties with Moscow constitute “one of the most crucial bilateral [...]
UBS completes Credit Suisse takeover while imposing ‘red lines’ on its ex bankers June 12, 2023 UBS confirmed the acquisition of Credit Suisse on Monday as reports suggest Credit Suisse bankers will face tight restrictions on their activity. In an open letter published in the NZZ newspaper, UBS confirmed that “we have finalised the legal takeover of Credit Suisse.” Chief executive Sergio Ermotti and chair Colm Kelleher said “this is the [...]
Energy bills could drop below £3,000 and fall quicker for firms in 2023, experts predict January 3, 2023 Household energy bills could drop below £3,000 per year next winter if gas prices continue to ease, predicts Cornwall Insight.
City banks’ risk management systems criticised by Bank of England January 10, 2023 The Prudential Regulation Authority (PRA) today criticised City banks’ approach to risk management despite “regular messaging” on the issue. In a letter sent to bank executives in the City, the Bank of England’s regulatory arm set out its priorities for the New Year. Top of the list for regulators was financial resilience, in particular “deficiencies [...]
Biden and Putin to hold crisis talks amid fears of imminent Russian invasion February 12, 2022 US President Joe Biden will hold talks with Russian President today, with the West fearing a war in Ukraine could ignite at any moment.
London IPO market slumps below Istanbul and Milan July 14, 2023 The London Stock Exchange has slumped below Istanbul and Milan in terms of IPO activity this year as the Square Mile is hit by a drought in its listings market, new research has revealed.
UK factories on course to sink into recession next year December 12, 2022 UK factories are on course to sink into recession next year driven by the wider economic slowdown and swelling costs cooling activity, a new survey out today shows. Manufacturing output will shrink 3.2 per cent in 2023, according to Make UK and BDO. The pair have been consistently slashing their forecasts for industrial output throughout [...]
Bitcoin’s fluctuations appear robust despite narrative of Ukraine crisis February 28, 2022 Francisco Memoria takes a detailed look at events which affected the cryptocurrency markets throughout last week.
OEUK calls on Government to ramp up development to ease energy crisis August 15, 2022 OEUK has urged the Government to boost flagging domestic energy production to protect consumers from future supply shocks.