Liz Truss: Former PM urges nations to ‘learn lessons of Russian aggression and stand up to China’ February 17, 2023 Liz Truss has urged democratic nations to stand up to China and learn the lessons of not taking earlier and tougher action against Russia. Speaking in Japan in her first public speech since her resignation as prime minister, Ms Truss called on the international community to agree a co-ordinated package of defence, economic and political [...]
Boom in demand boosts Mercedes allowing to offset costs April 27, 2022 A boom in demand has boosted Mercedes-Benz’s financial performance allowing it to offset rising material and transport costs, the car giant announced today. “In terms of the desire of wealthy people to spend the money for exceptional products, I would say there is no barrier, there is no limit,” said chief financial officer Harald Wilhelm. In [...]
Ukraine: US wants ‘Russia weakened’ to stop further expansion April 25, 2022 The US wants to see “Russia weakened” so it cannot pursue any further hostile military expansion, US secretary of defence Lloyd Austin has said. Austin said Russia has “already lost … a lot of its troops” during the war and that Vladimir Putin has “failed” in his attempted invasion of Ukraine. Austin’s strong statement came [...]
UK factories in ‘survival mode’ as output tumbles to 29-month low November 1, 2022 UK factories are in “survival mode” amid a demand slump, rising interest rates and swelling costs, a closely watched survey out today shows. The S&P Global and Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for October tumbled to 46.2, the weakest reading in 29 months when the country was grappling [...]
Watch as retired Russian military leader says the ‘Kremlin is in total geopolitical isolation and the whole world is against us’ May 17, 2022 A retired Russian military leader has said the Kremlin is in “total geopolitical isolation and the whole world is against us”, speaking on state television. Military analyst and retired colonel Mikhail Khodarenok made his comments on the All-Russia State Television and Radio Broadcasting Company, during an interview with anchor Olga Skabeyeva, known as the “Iron [...]
Let’s be honest, we can’t keep blaming supermarkets for the sky-high food prices May 4, 2023 Supermarkets get all the blame for the sky-rocketing food prices. But they've tried to keep prices as low as possible against inflationary pressures and supply chains disruptions, writes Matthew Lesh
London’s IPO slump continues as firms raise £565.5m October 5, 2022 Cash raised through initial public offerings in London plunged by more than seven times in the third quarter of the year as the Capital continues its barren run amid soaring inflation and market volatility.
Volkswagen reduces model range as part of electric drive April 6, 2022 Volkswagen will reduce its model range to focus on more profitable vehicles as part of its electric drive, finance chief Arno Antlitz told the Financial Times today. The group – who owns brands such as Seat, Skoda Audi and Porsche – will cut down on models, going from the current 100 diesel and fuel vehicles [...]
Windfall tax would be sticking-plaster policy for a short-sighted government May 13, 2022 Nothing is certain but death and taxes, goes Benjamin Franklin’s famous quip. As war grinds on in Ukraine, we have no shortage of the former. The question occupying the Treasury today is whether one should lead to the other. Should the energy giants’ huge recent profits – a direct result of the war in Ukraine [...]
Moscow airport furloughs 7,000 people as sanctions continue to bite March 21, 2022 Moscow’s Sheremetyevo Airport has furloughed around 7,000 members of its staff after West’s sanctions on Moscow following the invasion of Ukraine. The hub – which last year saw 30.9 million passengers pass through its gates – furloughed 40 per cent of its staff, cutting pay by a third, Russian media reported. General director Mikhail Vasilenko [...]