Facebook and Twitter tell Ukrainian users to protect themselves against hacking February 25, 2022 Social media platforms Facebook and Twitter have warned Ukrainian users they may be vulnerable to hacking, after Ukraine experienced a series of cyberattacks in the wake of Russia’s invasion. In a tweet, former Lib Dem leader Nick Clegg, head of global affairs and communications at Facebook owner Meta said the firm would be monitoring its [...]
UK life insurers to have ‘tens of billions’ freed up by scrapping EU’s Solvency II regulation February 25, 2022 UK life insurers will be freed up to invest “tens of billions” of pounds more after the decision to scrap the EU’s Solvency II regulation post-Brexit, City minister John Glen has said. Glen, writing in City A.M., today said changes to the much-maligned EU regulation will unleash investment into “growth-supporting infrastructure like wind farms and [...]
UK slams Russia’s airline restrictions as “retaliation” to Aeroflot ban February 25, 2022 The UK has slammed Russia’s decision to restrict its airspace to British airlines as “retaliation” to yesterday’s ban of Moscow airline Aeroflot. “I think that’s their retaliation for us yesterday banning Aeroflot from using and landing in the United Kingdom,” defence secretary Ben Wallace said to ITV’s Good Morning Britain. “That’s their tit for tat [...]
John Glen: How I’m going to reform EU’s Solvency II post-Brexit February 25, 2022 This government has been clear about its vision for turning the UK into the most open and dynamic financial services sector on the planet. We understand the crucial contribution the sector already makes to this country and are determined, post-Brexit, that it fulfil its huge potential. A big part of that will be about unleashing [...]
Ukraine invasion hits global markets as £77bn is wiped off FTSE 100 in worst day in years February 25, 2022 Almost £77 billion was wiped off the value of London’s top 100 listed companies on Thursday as global markets plummeted following Vladimir Putin’s invasion of Ukraine. As fighting continues between Russian aggressors and Ukrainian defenders, traders across the world sold off shares as they tried to figure out the consequences. In London, the impact was [...]
Comparisons to the thirties are by no means overblown – and the City must react February 25, 2022 In his address to the nation yesterday, Boris Johnson made a reference both unimaginable just a few weeks ago and one that is now all too relevant. “This is not some faraway country of which we know little,” he said, a reference to Neville Chamberlain’s verdict on the Sudetenland as he readied for appeasement with [...]
WHO releases $3.5m to purchase medical supplies for Ukraine February 24, 2022 The World Health Organisation (WHO) has released an additional $3.5m from its emergency fund to purchase and deliver medical supplies to Ukraine. According to director general Tedros Adhanom Ghebreyesus, the fund, which complements the trauma and medical supplies already delivered to health facilities, is expected to rise following further needs assessments. “The health system must [...]
No 10 lights up with Ukrainian colours as PM says the UK “will not look away” February 24, 2022 No 10 was tonight lit up with the colours of Ukraine’s flag, blue and yellow, to show solidarity with Kiev following Russia’s invasion. “Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny,” said Prime Minister Boris Johnson in a tweet. “We – and the [...]
Biden confirms new sanctions on Russia but excludes US military intervention in Ukraine February 24, 2022 US President Joe Biden has confirmed a new set of sanctions, including limiting exports, will be imposed on Russia following the Kremlin’s attack to Ukraine. “This is going to impose severe cost on the Russian economy, both immediately and over time,” he said during a White House press conference. “We have purposefully designed these sanctions [...]
Ukraine: UK to freeze assets of major Russian banks in new sanctions February 24, 2022 All major Russian banks will be shut out from operating in the UK and large Russian firms will be blocked from raising capital in the City in a package of economic sanctions announced by Boris Johnson today, which has been described as the largest ever by a British government. This will include VTB Bank, the [...]