Justice in Russia: Journalist who crashed country’s state news show dragged to court the day after March 15, 2022 A Russian journalist who interrupted a state broadcast with a sign saying it was “lying” about the war in Ukraine, has now appeared in court the following day. Lawyers for Marina Ovsyannikova accompanied her to court, after saying she had been “imprisoned for more than 12 hours” with no contact. Ovsyannikova was detained after the [...]
Volkswagen’s output into question as Ukrainian wire harnesses become biggest supply chain issue March 15, 2022 Volkswagen’s output for 2022 could be in danger as a shortage of Ukrainian wire harnesses became the group’s biggest supply chain issues, chief executive Herbert Diess said. “The war in Ukraine has put our existing outlook into question,” Diess said yesterday morning during a press conference. He added that commodity markets are expected to remain [...]
Russia’s war to deal 10 per cent hit to Ukraine economy, warns IMF March 15, 2022 The Ukrainian economy is set to contract sharply this year as Russia’s invasion hobbles domestic consumption, reveals fresh forecasts by the world’s economic watchdog. Output in Ukraine will shrink around 10 per cent this year, according to the International Monetary Fund (IMF). The hit to the country’s economy could eventually rise to some 35 per [...]
German economy hurtling towards recession on Russia-Ukraine war March 15, 2022 The German economy is hurtling towards a recession as the Russia-Ukraine war sours investors’ optimism for Europe’s largest economy, reveals a closely watched survey released today. Moscow’s barbaric assault of Ukraine and the West’s sweeping set of sanctions to lock Russia out of the global economy is “significantly dampening the economic outlook for Germany,” Achim [...]
London Stock Exchange announces partnership with fintech Floww in private market push March 15, 2022 London Stock Exchange Group (LSEG) has revealed a cash injection into investment platform Floww today, as it looks to become the first global exchange to straddle both public and private markets .
Carmaker offers non-Fiat crypto rewards to electric vehicle drivers March 15, 2022 Carmaker Fiat is driving crypto adoption with a scheme to reward efficient electric car drivers with the currency Kiricoin.
Ukraine: UK sanctions 370 more Russian and Belarussian nationals March 15, 2022 The UK has sanctioned 370 more Russian and Belarussian nationals as a part of the government’s sanctions, including Vladimir Putin’s close political ally Dmitry Medvedev. The Foreign Office today announced the released the list of the newly sanctioned individuals, which includes 51 oligarchs, with foreign secretary Liz Truss saying “we are holding them to account [...]
Ex-minister: Billions lost in Covid fraud ‘one of biggest cock-ups’ in recent history March 15, 2022 Billions of taxpayer money lost through Covid loan fraud is “one of the most colossal cock-ups in recent government management”, the ex-fraud minister has said. Lord Theodore Agnew told MPs on Westminster’s business committee that he was told to “butt out” by Treasury officials when he tried to crack down on fraudsters taking out Covid [...]
Raab vows to boost legal aid with extra investment of £135m a year March 15, 2022 The UK government has agreed to invest an extra £135m a year into criminal legal aid, in line with recommendations made by the Bellamy report, which said £135m is the minimum investment needed to ensure the UK’s criminal legal aid system continues to function effectively. In a statement, the Ministry of Justice (MoJ) said it [...]
HSBC to permanently shutter 69 bank branches after footfall plummets March 15, 2022 HSBC has announced today it will permanently shutter 69 of its bank branches across the country after the pandemic and the rise of digital banking caused usage to plummet.