World Bank slashes global growth forecast after warning the world is teetering on the edge of ‘stagflation’ June 7, 2022 THE WORLD Bank yesterday slashed its forecast for global growth this year by more than 1 per cent due to increasing inflation and the economic after-effects of Russia’s invasion of Ukraine. The body had anticipated global growth of 4.1 per cent at its last update in January, but cut that in an announcement yesterday to [...]
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.
Norway sovereign fund loses more than $150bn thanks to tech rout August 17, 2022 Reuters Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by global recession fears and rampant price inflation. The $1.3 trillion fund’s return on investment was a negative 14.4% for the January-June period, which [...]
Germany resists EU ban on Russian gas as it continues to be Putin’s customer: ‘We would inflict damage on ourselves’ April 5, 2022 Germany has rejected calls for an EU embargo on Russian gas imports, despite mounting civilian deaths in Ukraine.
Best of 2023: Oliver Stone on Putin, nuclear power and being an outsider December 26, 2023 Oscar-winning director Oliver Stone talks about his relationship with Putin, being seen as a rebel and now nuclear power will save the world
Editorial: The West wants a united front against Putin, but Germany and France have their limits March 23, 2022 It has become a truism to say that Vladimir Putin’s invasion of Ukraine has seen the west unite in ways that were unheard of even a few years ago. So the argument goes, countries across Europe and north America have rallied fast to the cause of freedom, no matter the consequences – spiking energy bills, [...]
ONS: Nearly all Brits pinched by cost of living squeeze March 3, 2022 Almost all Brits are feeling the pinch of the cost of living squeeze, causing them to cut back on spending, reveals official figures released today. Over eight in 10 households have noticed an uptick in their cost of living, up five percentage points over the last week, according to the Office for National Statistics (ONS). [...]
Oil round up: India weighs up Russian oil as Boris Johnson calls on Saudi Arabia to boost output March 14, 2022 India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-rouble transaction.
Conservative MPs scramble to choose a new party leader July 7, 2022 The race to be the next Prime Minister of Great Britain and Northern Ireland began today as MPs scrambled to organise their Tory leadership campaigns. There is no obvious successor to Boris Johnson, with a wide field of candidates from all wings of the party expected to stand. The 1922 Committee of Tory backbenchers will [...]
Chelsea Board of Directors confirm sale of club to Todd Boehly consortium completed May 30, 2022 Chelsea have today completed the sale of the Premier League outfit to the consortium led by Todd Boehly and Clearlake Capital. With the £4.25bn takeover completed, Roman Abramovich’s 19-year relationship with the London club as owner has come to a conclusion. In a statement, the board of directors said: “We would like to think all [...]