Third of global economy will be in recession this year, IMF boss warns January 2, 2023 A third of the world economy will be in recession this year, according to a bleak warning from the boss of the International Monetary Fund (IMF). Although some countries will dodge recession, “it would feel like recession for hundreds of millions of people,” in those places also, Kristalina Georgieva said. The IMF managing director said [...]
Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
Watch Zelensky channel Churchill in rousing speech to Congress: ‘Ukraine will never surrender’ December 22, 2022 Ukraine’s president channeled the words of Sir Winston Churchill in a rousing speech to US Congress, saying his country ” will never surrender” against Russia. In an address to US lawmakers he wished them a “happy, victorious new year” while repeatedly asking America for more funding and weapons. Appearing in his now trademark military sweater, [...]
Looming post-Brexit tariffs will cost Brits buying electric cars an extra £3,400 October 18, 2023 Looming post-Brexit tariffs will cost British consumers buying electric vehicles (EVs) an extra £3,400 from next year, new figures show.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
Lloyd’s of London member Beazley’s profits plummet 48 per cent as interest rate hikes dent portfolio March 2, 2023 Shares in specialist insurer Beazley today fell almost nine per cent after the firm told investors its profits had plummeted in 2022 due to a sharp drop in income from its investment portfolio. The insurer said its overall pre-tax profits fell 48 per cent in the year ending in December 2022 to $191m, as rising [...]
Sunak and Biden announce UK-US partnership on AI, minerals and Ukraine June 9, 2023 Joe Biden and Rishi Sunak announced their countries would partner on AI, clean energy and critical minerals.
Britain to boycott boxing championships over decision to allow Russia athletes to compete under flag February 14, 2023 Great Britain will snub the women’s boxing world championships in India over the decision to allow Russian athletes to compete under their flag. The International Olympic Committee (IOC) had advised all governing bodies to ban Russian and Belarusian athletes from competing under their own flags but the International Boxing Association (IBA) has gone against such [...]
Sunak: If you’re rich like me, give windfall tax of £400 to charity May 27, 2022 Rishi Sunak has said people should follow his lead and give the government’s £400 energy bill assistance to charity. The chancellor of the exchequer made his comments this morning after it was announced everyone will get a grant as part of a £21bn living support package. This comes after pressure on the government to impose [...]
Isolated but defiant Putin cheered on by 200,000 ecstatic pro-war Russians while four US soldiers die and UK convoy leaves for Ukraine March 19, 2022 Russia’s President Vladimir Putin was cheered on by 200,000 ecstatic Russians last night, an event that was broadcast live on state television across the world’s largest country. Russian Olympians wearing the nationalist “Z” symbol were celebrated on stage at a pro-war rally organised by Putin at the Luzhniki Stadium in Moscow. Social media showed gymnasts [...]