Israel will not be a ‘route to bypass sanctions imposed on Russia’ March 14, 2022 Israel’s foreign minister has insisted the country will not be a “route to bypass sanctions imposed on Russia”. Centrist politician Yair Lapid made his comments in Bratislava with his Slovakian counterpart, amid growing concerns that some Russian-Jewish oligarchs could use Israel to get around harsh sanctions. This come after the UK, US and European Union [...]
UK firms to launch price hike spree as Bank of England prepares to lift rates again March 14, 2022 A record proportion of UK firms are preparing to hike prices in a further sign of the scale of inflationary pressures sweeping throughout the economy, reveals a closely watched survey released today. The fresh figures provide further incentives for the Bank of England to hike interest rates for the third meeting in a row when [...]
BrewDog hired private investigators as brewer says ‘false allegations’ made about boss James Watt March 14, 2022 Brewdog CEO James Watt hired private investigators to secure information on individuals he claimed were contributing to a “criminal campaign” of smears. The Guardian reported that investigators were hired to approach people to obtain evidence about other individuals. BrewDog said Watt had been “subjected to a two-year criminal campaign of online harassment, defamation, fraud, blackmail [...]
Foreign home ownership in London swells by £6bn but oligarch exodus to slow cash influx from abroad March 14, 2022 Internationally-registered homes in London increased by £6bn last year, but the impact of Russian sanctions is expected to slow the rate of growth in the market. Despite the pandemic, there was a four per cent increase in the number of houses registered to buyers overseas, up to 84, 451, according to new numbers released by [...]
Oil prices plummet as investors pin hopes on Russia-Ukraine talks March 14, 2022 Oil prices nosedived on both major benchmarks today following renewed peace talks between Ukraine and Russia.
Police called to John Bercow’s Battersea home over domestic disturbance following assault claim by wife Sally March 14, 2022 Police were called to a domestic disturbance at the home of former House of Commons Speaker John Bercow. Authorities attended his Battersea home last August over claims of ‘common assault’ reportedly made by his wife, Sally Bercow, according to The Times. This comes after Bercow was banned from Parliament after the conclusion of a two-year [...]
US Federal Reserve to hike rates for first time in over three years March 14, 2022 The US Federal Reserve will hike interest rates for the first time in over three years on Wednesday as the central bank takes the first step in shifting policy from supporting the American economy through the pandemic to taming runaway inflation. Fed Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
Saudi Media Group makes £2.7bn bid for Chelsea March 14, 2022 The biggest media group in the Middle East Saudi Media Group has made a £2.7bn offer to scoop up Chelsea as the football club races to find a new benefactor following Roman Abramovich’s sanction by the UK government. The sanctions block any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea [...]
Chinese cities on lockdown as Covid-19 cases spiral and local stocks tumble March 14, 2022 As China battles its largest surge in Covid-19 cases since the beginning of the pandemic, Beijing has shuttered several cities including technology hub Shenzhen. It comes as Covid-19 cases in the country, which has adopted a controversial ‘Zero-Covid’ stance, tripled in just one day. With fresh restrictions also being blanketed across Shanghai, China’s CSI 300 [...]
Bounce and Flight Club owner raises $35m to expand experiential bar estate in US and UK March 14, 2022 The company behind Bounce and Flight Club has announced a growth capital raise of more than $35m to support its expanding portfolio. State of Play Hospitality said the raise was funded by both existing and new investment partners, including US-based Bregal Partners. The company, which specialises in experiential bar concepts, said the fund will be [...]