PayPal freezes all services in Russia following Ukraine invasion March 5, 2022 PayPal is set to shutter all its services in Russia, according to its chief executive today, as the payments giant becomes the latest business to exit the country following its invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” chief executive Dan Schulman said on Saturday. “PayPal supports the Ukrainian [...]
Saturday Sitdown: Credit Suisse’s global investment boss on the dawn of a new world order March 5, 2022 The Russian invasion of Ukraine has accentuated geo-political risks, further fueling volatility on financial markets and unsettling investors. These developments mark a clear shift to a new world order, Michael Strobaek, Credit Suisse’s global chief investment officer, told City A.M. in an exclusive interview. “This new world order will make risk management as well as investing [...]
UK to miss £50bn net zero investment target, says Lords report March 4, 2022 The UK is not on target to raise the £50bn of investment needed to achieve net zero by 2050 according to a Lords Committee report.
Calls grow worldwide to drag Vladimir Putin to special tribunal and let Russian president stand trial for war crimes March 4, 2022 Gordon Brown, UK Prime Minister from 2007 to 2010, is urging countries to support the creation of a special tribunal to punish Vladimir Putin for the crime of aggression against Ukraine. He joined Ukrainian foreign minister Dmytro Kuleba at an online event organised by the Chatham House think-tank, where pleas were made for Western nations [...]
Ukraine war turns nuclear as Russian shells fall directly onto Europe’s largest power plant amid heavy fighting March 4, 2022 Fears grow for an explosion as Russian forces are shelling the continent’s largest nuclear power plant, which has reportedly caught fire around 1am UK time. Nuclear plant spokesman Andriy Tuz told Ukrainian television that shells fell directly on the facility, and set fire to a reactor that is not operating and to an administrative training [...]
Russia Today shuts down US operations amid layoffs March 4, 2022 The US arm of a Russian-state backed media outlet is closing down operations and laying off staff amid backlash to the war with Ukraine.
Russia blocks BBC after fierce Kremlin criticism and RT ban across Europe March 4, 2022 BBC Russia says there have been reports there are problems accessing its website in Russia. German public broadcaster Deutsche Welle reported, in Russian, that the BBC site was not working in Russia. According to a tweet posted by BBC Russian in Russian and translated into English, Meta (formerly known as Facebook) also appears to be [...]
Birmingham gets its first black MP as Paulette Hamilton wins Erdington by-election for Labour March 4, 2022 Paulette Hamilton overcame personal tragedy to become the country’s newest MP by winning the Birmingham Erdington by-election for Labour. The Labour candidate’s father died at the start of the campaign and she thanked party leader Sir Keir Starmer for his “endless support” during the emotional by-election contest. The victory saw her increase Labour’s vote share [...]
Major UK insurers call on government to extend pension auto-enrollment to young workers March 4, 2022 A group of major British insurance firms and pension funds have called on the government to extend the UK’s pension auto-enrollment terms to include young and low-wage workers. The group sent a letter to Rishi Sunak yesterday to call on the government to “level up pensions for everyone” by abolishing the “lower earnings limit and [...]
Boris Johnson announces latest sanctions vowing to inflict “maximum economic pain” on Russia March 3, 2022 Prime Minister Boris Johnson has announced an additional round of sanctions against Russian oligarchs and vowed to “inflict maximum economic pain” on Putin’s regime. “For as long as Putin continues his barbaric attack on innocent Ukrainians we will continue to exert every power we have to inflict maximum economic pain on Putin and his war [...]