US Federal Reserve to move even quicker to tame higher than expected underlying inflation May 11, 2022 A higher than expected rise in a more closely watched measure of stateside inflation may prompt the US Federal Reserve to hike interest rates by a historic 75 basis points at its next meeting. That’s according to top City economics consultancy, Capital Economics, which said the upside surprise to core stateside inflation will worry Fed [...]
Ukraine: 40-mile Russian convoy fans out into towns and forests around Kyiv with artillery into firing position March 11, 2022 A massive convoy outside the Ukrainian capital has split up and fanned out into towns and forests around Kyiv, according to new satellite photos, with artillery pieces raised into firing position in a potentially ominous movement of the Russian military. Satellite imagery from Maxar Technologies showed that the 40-mile convoy of vehicles, tanks and artillery [...]
Investors suing Russia say Kremlin will use law firm’s exit to delay $57bn Yukos Oil proceedings April 3, 2022 Investors suing the Russian state have raised concerns their case will be delayed after the New York City law firm acting on behalf of Russia exited the country and cut its ties with the Kremlin. A consortium of investors said they fear Russia will use delays to avoid paying a $57bn (£43bn) claim, by arguing [...]
Things can only get worse before they get better in this economic climate September 23, 2022 In his Friday review, Jason Deane zooms out on the world's tangled web of macro economics as a worrying picture emerges.
Joining the Pacific trade bloc will free us from our reliance on the European Union and China March 17, 2023 Rishi Sunak is pursuing a deal with Pacific countries to allow the UK to join the CPTPP, and reduce its reliance on trading with the EU and China, writes Jason Reed.
Spring budget: Back to work, childcare and post Brexit customs – what do we know so far? March 13, 2023 This Wednesday, Chancellor Jeremy Hunt will stand on the steps of No11 Downing Street – holding the famous Budget 2023 red box. Of his five predecessors, just Rishi Sunak was even in post long enough to reach this point. Political turmoil aside, his spring statement will also follow months of financial chaos, after economic shocks [...]
EC chief Von Der Leyen lashes out at Putin as she calls out ‘Russia’s blackmail’ on food and fuel May 24, 2022 Ursula von der Leyen, President of the European Commission, today denounced Russian aggression and its use of “hunger and grain to wield power”, in an address at the World Economic Forum in Davos. “Global cooperation is the antidote to Russia’s blackmail,” she said. Her message focused on strategic priorities for Europe since the invasion. Boosting military spending [...]
Bitcoin wallet address milestone is something to smile about May 19, 2023 Not in Miami, Jason Deane rounds up the week as he highlights what's going well for Bitcoin and not so well for Vladimir Putin.
Which?: Food prices climb a fifth in just two years May 21, 2022 Prices for some of the UK’s most loved grocery items have soared over the last two years, a new study has revealed. Supermarkets have hiked the price of 265 lines by more than a fifth, with Tesco raising the price of household favourtie Kellogg’s Crunchy Nut 21.4 per cent and Sainsbury’s lifting Warburtons’ four-seeded thin [...]
Capital punishment: private sector sanctions in Russia March 21, 2022 The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]