Gold – the only “safe haven” asset? March 2, 2022 | City Talk The Russian invasion of Ukraine has had many consequences – first and foremost is its devastating humanitarian impact. While we cannot lose sight of how many millions of people are affected, as investors we are conscious that this is a time of great uncertainty. Schroders’ live blog on the Ukraine crisis will be updated regularly [...]
Wizz Air’s load factor increases despite Ukraine conflict March 2, 2022 Low cost airline Wizz Air is on track to get back to pre-Covid levels, as the Ukrainian conflict has so far impacted the carrier marginally. In February, Wizz Air carried 1.9 million passengers at a load factor of 91 per cent – a 258 per cent increase on February 2021. Even though it was forced [...]
Oil prices peak at $113 per barrel as fears over supply shortages escalate March 2, 2022 Both major benchmarks have continued to rally amid growing concerns over supply disruption following Russia's invasion of Ukraine.
Russian aircraft in US scramble to fly out as airspace closes this evening March 2, 2022 Russian aircraft are left with only a few hours to leave the US, as the White House followed in the UK and Europe’s footsteps and decided to close its airspace to Moscow from tonight. “The United States stands with our allies and partners across the world in responding to Putin’s unprovoked aggression against the people [...]
ExxonMobil exits Russia amid energy firm exodus March 2, 2022 Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets valued at more than $4bn.
OneWeb moves ahead with Soyuz launch despite Russian invasion March 2, 2022 Broadband firm OneWeb moves forward with its plans to launch satellites using Russian rockets, despite the ongoing invasion of the Kremlin in Ukraine. According to reports by The Times, the tax-payer backed company has paid for 36 satellites to be sent into orbit from Russian firm Baikonur Cosmodrome, which are set to launch using Soyuz [...]
“We will be the first back to Ukraine”, says Ryanair boss March 2, 2022 Ryanair will be the first airline to resume flying to Ukraine once it’s safe to do so, said chief executive Michael O’Leary. The company, who was forced on Thursday to halt all operations following the Kremlin’s invasion, expects sanctions will remain for the foreseeable future. “We halted all Ukrainian roots until March,” O’Leary said this [...]
Russian athletes set for Winter Paralympics ban decision March 2, 2022 Winter Paralympics organisers will decide today whether to ban Russian athletes just 48 hours before the Games are set to begin in Beijing. All Russian competitors have already arrived in China but the International Paralympic Committee is under pressure to stop them taking part in response to the country’s invasion of Ukraine. The International Olympic [...]
The West’s tech export ban could crush Russia and Putin’s war against Ukraine March 2, 2022 AS UKRAINE was plunged into war its allies around the world hurried to put together punitive packages of sanctions in retaliation. The Prime Minister Boris Johnson this week announced he’s planning to bring forward a bill in Parliament that will effectively cut Russia off dual-use technologies critical for its defence sector. President Biden has also [...]
UK releases additional £80m aid to Ukraine March 1, 2022 The UK Government has released an additional £80m in aid to Ukraine, bringing Britain’s total humanitarian package to £120m. The funding comes after the UK announced in early February a £100m economic package to bolster the Ukrainian economy and reduce its reliance on Russian gas, adding £40m last weekend to help aid agencies respond to [...]