As we cosy up to Qatar, the West must face the moral maze of the Middle East April 4, 2022 Last month I wrote about the prospect of Dubai challenging London’s place as a great global financial centre. But Britain’s delicate dance with the Middle East does not end there. The emerging relationship between Europe and the United States on the one hand and the oil-rich emirate of Qatar on the other poses a multitude [...]
EU airlines’ shares tumble following airspace closure February 28, 2022 The shares of major European airlines have taken a tumble following the EU’s decision to close its airspace to Russia. Legacy carriers have registered a slump, with British Airways’ owner IAG going down 4.19 per cent, while German carrier Lufthansa registered a 4.76 per cent fall. Share of aviation colossus Air France-KLM went down 2.30 [...]
‘Humanitarian catastrophe’ looming in Ukraine as Russia attacks men, women and children, UK envoy warns March 1, 2022 Ukraine is on the brink of a “humanitarian catastrophe”, Britain’s UN Ambassador Dame Barbara Woodward has warned an emergency meeting of the Security Council. As Russia continues its assault on the eastern European country, Dame Barbara was among those at the UN to accuse the Kremlin of launching “indiscriminate attacks against men, women and children” [...]
Editorial: Businesses deserve credit for what are very big decisions February 28, 2022 Politicians sometimes resemble managers of struggling football teams; bad results are often written off as bad luck and outside of one’s control, but when the ball bounces in off somebody’s backside for a much-needed 90th minute winner they are, per the man in charge, often the result of some training ground masterstroke. So it is [...]
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
London’s top indexes snap back sharply after bruising sessions March 9, 2022 London’s top indexes snapped back yesterday after booking heavy losses due to fears over the economic fallout of the Russia-Ukraine war sending investors fleeing. The capital’s premier FTSE 100 index soared 2.79 per cent to above 7,000 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Zelensky makes last ditch appeal to Germany for support as Russia encircles city of Sievierodonetsk June 14, 2022 Ukraine’s president Zelensky has appealed to Germany to give full support to Kyiv as Russia cuts off all routes to the eastern city of Sievierodonetsk. Kyiv’s leader appealed to Germany’s Chancellor Scholz to decide that “there can’t be a trade-off between Ukraine and relations with Russia.” This comes as the Kremlin’s troops destroyed the last [...]
Editorial: Business should be just business, until it’s much more than that February 27, 2022 ONE assumes it wasn’t supposed to play out quite like this for Vladimir Putin. The Russian President surely anticipated a quick and easy military incursion into Ukraine – a military horribly overmatched, an inexperienced leader, and with the west unwilling to support. It is still so very early, but it does not appear that Putin [...]
Oil prices stable with supply disruptions cancelling out fears of reduced demand January 10, 2022 Oil prices were stable on Monday, as supply disruptions in Kazakhstan and Libya offset fears from soaring Omicron infections around the world.
Europe will struggle to cut Russia out of energy plans warn experts March 6, 2022 Europe will find it hard to reduce its reliance on Russian gas, and the continent remains vulnerable to skyrocketing prices, warns experts.