Russia defaults on international debts after being cut out of financial system by Western sanctions June 28, 2022 Russia yesterday defaulted on its international debts for the first time since the Bolshevik revolution after being unable to pay its creditors due to the impacts of Western sanctions. Ratings agency Moody’s yesterday said Russia’s failure to make payments on two Eurobonds worth $100m officially constitutes a default after its extended deadline to make the [...]
Anonymous hack Russian TV urging public to oppose Ukraine invasion March 7, 2022 The notorious hacker group Anonymous hacked Russian streaming services last night, including the live TV channels Russia 24, Channel One, and Moscow 24. Taking control of the channels, the group showed clips of the Russian invasion of Ukraine. “The hacking collective #Anonymous hacked into the Russian streaming services Wink and Ivi (like Netflix) and live [...]
Sorry Britain, Europe’s just not that into you June 3, 2024 Anyone hoping for a closer relationship with the EU under a Labour government will be disappointed. There’s no evidence Brussels has any interest in welcoming Britain back into the fold, says Eliot Wilson Sir Keir Starmer is desperate not to take anything for granted. It is a cautious policy from a cautious man leading a [...]
Even before the cost of living crisis, Brits struggled to understand their own finances April 11, 2023 Even before the pandemic, inflation and the energy crisis put the "cost of living" at the forefront of our minds, Brits across the country were struggling to manage their finances, writes Nicholas Lyons.
Russia-Ukraine war has made it nearly impossible for BoE to forecast UK economy, warns governor Bailey March 28, 2022 Uncertainty about how the Russia-Ukraine war will develop has made it nearly impossible for the Bank of England to chart the trajectory of the UK economy, the Bank’s governor warned today. A lack of information on the Kremlin’s next moves in their assault on Ukraine has made it harder to forecast the direction of the [...]
French asset manager Amundi takes hit from turbulent European markets July 29, 2022 French asset manager Amundi today said the value of the assets it manages has dropped by 4.75 per cent compared to three months ago, due to “unfavourable” market conditions. The Paris headquartered firm said net incomes for the first half of the year were 16 per cent lower than a year ago, as it said [...]
Explainer-in-brief: Cutting company ties with Russia is a balancing act March 31, 2022 Leroy Merlin and Bayer are two of the companies that haven’t pulled out of Russia yet. When giants like BP and Shell terminated operations in the country they were praised, and rightfully so. Companies that haven’t left face boycott calls. Sanctions are seen as a way to push the Kremlin in a corner, ultimately making [...]
Battery giant Gresham House Energy Storage Fund records soaring revenue of 170 per cent April 6, 2022 Battery storage giant Gresham House Energy Storage has recorded soaring revenue of 170 per cent for 2021, with £80.4m of profit. Publishing its third annual set of results since listing on the London Stock Exchange, it announced EBITDA (earnings before interest, taxes, depreciation, and amortiSation) of more than £42m, up 172 per cent. This comes [...]
Top Russian diplomat at the UN resigns: ‘Never have I been so ashamed of my country’ May 23, 2022 Russia’s Counsellor to the United Nations mission in Geneva has resigned saying “never have I been so ashamed of my country” because of the war in Ukraine. In a strongly-worded letter, Boris Bondarev quit his job saying it was “long overdue”, but after a 20-year career he was leaving the diplomatic service. He wrote he’d [...]
Shop ’till you drop: Christmas spending up despite rampant inflation December 20, 2022 Shopping habits die hard as Brits continue to spend across the board in the run-up to Christmas and the holiday season despite historic levels of inflation raising prices. Spending on essentials is up by an average of 43.5 per cent compared to the same time last year, with non-essential expenditure also rising by an average [...]