Two Ukrainian Plays, Finborough Theatre, review: Haunting tales from Ukraine August 20, 2022 Some proceeds from Two Ukrainian Plays are donated toThe Voices of Children Charitable Foundation, a Ukrainian charity that provides urgently needed psychological and psychosocial support to children affected by the war in Ukraine. You can donate using this link above. The capital’s artistic organisations have been collaborating, producing and devising Ukrainian-themed work ever since Russia made [...]
Russia brands G7 plan to use frozen assets in Ukraine’s rebuild ‘outright theft’ May 17, 2022 Using Russia’s frozen reserves to rebuild Ukraine would be “outright theft” according to the Kremlin. A new proposal from G7 leaders to seize assets from Moscow to finance the reconstruction of decimated Ukraine has been condemned by Russia. The proposal was made by German finance minister Christian Lindner, who according to Reuters, said proposals were [...]
Cost of Ukraine crisis akin to ‘mid-sized natural catastrophe,’ Axa finance chief says May 9, 2022 French insurance giant Axa has said it expects the costs it will incur the Ukraine crisis will be similar to the financial hit posed by a “mid-sized natural catastrophe”. Speaking to reporters, Axa chief financial officer Alban de Mailly Nesle said: “We currently expect the net underwriting losses from the crisis to be akin to [...]
City banks’ risk management systems criticised by Bank of England January 10, 2023 The Prudential Regulation Authority (PRA) today criticised City banks’ approach to risk management despite “regular messaging” on the issue. In a letter sent to bank executives in the City, the Bank of England’s regulatory arm set out its priorities for the New Year. Top of the list for regulators was financial resilience, in particular “deficiencies [...]
Six months on, we must continue to stand with Ukraine August 24, 2022 It has been six months since Russia renewed its offensive against Ukraine. During that time, governments and strategists have been forced to let go of their prevailing post-Cold War assumptions about international relations – even in Europe, where peace was thought to be most embedded. Geopolitical competition has returned with a vengeance. Unfortunately for Russia, [...]
Volkswagen’s boss ‘very concerned’ about EU losing industrial attractiveness November 28, 2022 Volkswagen’s boss Thomas Schafer is very concerned about the EU and Germany losing their industrial attractiveness due to surging energy costs. “We are treading water,” he wrote in a LinkedIn post on Monday. “I am very concerned about the current development regarding investments in the industry’s transformation.” According to Schafer – who has been at [...]
Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Russia is overplaying its hand to try and force the West to give concessions February 22, 2022 AS world leaders plunge into an eleventh hour bid to talk Vladimir Putin down from the edge of a war with Ukraine, the fundamental misconceptions at the heart of Russia’s objectives in Ukraine must be dispelled in order to calibrate the right response. Russia wants a pro-Moscow administration in Ukraine without having to undertake a [...]
Oil markets rattled by fears of escalating conflict in Middle East October 15, 2023 Oil prices will begin trading tomorrow following a sharp surge in prices, with investors spooked by the prospect of protracted conflict in the Middle East.
H&M to trim costs by £160m after profit dented by Russia exit September 29, 2022 H&M has said it is looking to slash costs to the tune of £160m after posting weaker than expected quarterly profit. The second largest apparel retailer saw its share price sink by almost four per cent on Thursday afternoon, after revealing a cost-cutting blitz in its third quarter results. For the June-August period, pre-tax profit [...]