UK should follow in Chile’s footsteps with sustainability-linked bonds, says top think tank May 2, 2022 The UK should follow in Chile’s footsteps in issuing so-called ‘sustainability-linked’ bonds, which pay out more to investors should the government fail to meet its net zero targets, according to one of the country’s top think tanks. In a paper published today, the Social Market Foundation (SMF) has urged chancellor Rishi Sunak to haul in [...]
‘Hitler also had Jewish blood’: Russian foreign minister causes fury with remarks about Zelensky and ‘de-Nazifying’ Ukraine May 2, 2022 Russia’s foreign minister has caused fury after claiming Hitler “had Jewish blood”, in a bid to justify the Kremlin’s so-called ‘de-Nazification’ of Ukraine. Moscow’s top diplomat Sergei Lavrov was condemned by Israel’s foreign minister Yair Lapid, after making his comments to Italian media this week, while referring to Ukraine’s president Volodymyr Zelensky. The Ukrainian [...]
War in Ukraine: UK says Russian ‘troll factory’ is ‘plaguing’ social media with pro-war propaganda May 2, 2022 The Kremlin has is using a “troll factory” to “plague” social media with pro-war propaganda, the foreign office has claimed after new research. A UK-funded study claimed the Kremlin has acquired “cyber soldiers” to target UK politicians and spread “lies” on social media, about the war in Ukraine. According to a statement from the foreign [...]
Man dies after being stabbed near St Paul’s Cathedral May 2, 2022 A man has died after being stabbed late on Sunday night near St Paul’s Cathedral, the City of London Police have confirmed. The unnamed victim was attacked just before midnight on Gresham Street, and was given CPR by paramedics. He was taken to the Royal London Hospital in Whitechapel, but later died of his injuries. [...]
Russia’s war: Kremlin targets western-supplied weapons and Ukraine’s grain, as EU energy officials hold emergency meeting May 2, 2022 Russia has been targeting western-supplied weapons in Ukraine and Kyiv’s grain supply, as EU energy ministers hold emergency talks. The Kremlin reportedly targeted weaponry supplied to Ukraine by the United States and European Union this week, with Moscow’s defence ministry saying it used high-precision missiles against the airfield in Odessa. Russia also said it had [...]
Boris Johnson mulls a new Right to Buy scheme as housebuilding hits the curb May 2, 2022 Prime minister Boris Johnson is reportedly mullinh plans to bring in a new Right to Buy scheme, inspired by Margaret Thatcher, amid reports housebuilding has hit the curb. The plans seek to target “generation rent”, those whose hopes of owning a home have fallen increasingly out of reach despite being ‘of age’ to buy. [...]
Business secretary: Windfall tax not the answer May 1, 2022 Business Secretary Kwasi Kwarteng has voiced firm opposition to a windfall tax on oil and gas companies despite Chancellor Rishi Sunak raising the possibility. The Cabinet minister was adamant that it would be a “disincentive” to investment by energy giants despite his colleague in the Treasury using the threat to encourage spending, as their profits [...]
CBI: Firms need help to make it through summer May 1, 2022 Firms might need further support before the autumn Budget to help tackle rising costs, according to a business group. The CBI highlighted the near-term challenges that companies are facing, especially energy intensive firms. A survey by the group found that growth in private sector activity including consumer services and distribution sales remained “steady” in the [...]
Windfall tax the backdrop for energy giants’ results May 1, 2022 London’s biggest oil companies will face an odd dilemma this week as they present what is likely to be their best set of results for years while facing calls to cough up more in tax. The businesses are predicted to report a combined 13 billion dollars (£10.5 billion) in profit from the first three months [...]
Sir Jim Ratcliffe makes eleventh-hour £4bn bid for Chelsea Football Club April 29, 2022 British tycoon Sir Jim Ratcliffe has swooped in with a sensational eleventh-hour £4bn bid to buy Chelsea Football Club.