EU demands billions from UK as ‘Made in China’ row widens: Britain accused of flouting Brexit rules March 14, 2022 The European Union is demanding £2.5bn in compensation from Britain for failing to apply customs rules to Chinese imports. The Court of Justice of the European Union has ruled that the UK was “negligent” in applying EU customs and import rules between 2011 and 2017, which has led to lost revenues for the EU. The [...]
Isolated Kremlin in overdrive as Russia pounds Kyiv while Putin arrests own security chiefs and begs China for new weapons March 14, 2022 Russia’s military forces have kept up their punishing campaign to capture Ukraine’s capital with fighting and artillery fire in Kyiv’s suburbs. It comes after an air strike on a military base near the Polish border brought the war close to Nato’s doorstep overnight. It raised the possibility that the alliance could be drawn into the [...]
Russian economy to lose nearly third of its value March 14, 2022 Russia’s economy will be plunged into turmoil this year as a result of the country being frozen out of the global economy in retaliation to Moscow invading Ukraine. The country’s output will tumble around 30 per cent this year, far worse than the amount it lost during the financial crisis, according to forecasts by the [...]
Oil round up: India weighs up Russian oil as Boris Johnson calls on Saudi Arabia to boost output March 14, 2022 India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-rouble transaction.
Housebuilder shares boosted by fresh cladding estimate March 14, 2022 Housebuilders saw their share prices lifted on Monday after optimism that the bill foisted on developers for cladding remediations would be much lower than initially forecast. It had been thought that property firms would have to pay £4bn to rectify unsafe cladding on 11-18metre tower blocks. However, the potential bill was estimated to be closer [...]
Microsoft among best firms to work for despite CEO making 410 times average salary March 14, 2022 HP and Microsoft are some of the best Fortune 500 firms to work for, with high average earnings despite eye-watering sums going to those at the top. Chief executives for some of the world’s leading companies earn up to 840 times the average employee according to a new report released this week. Ranked number one [...]
Charity supporting young disabled people into work gets £100k boost from City March 14, 2022 A London charity supporting young disabled people’s job prospects has received a £100,000 boost. Bromley Mencap was given the funding from the City of London Corporation’s charity funder, City Bridge Trust, following unprecedented demand during the pandemic. The organisation received 1,200 new referrals last year – a 100 per cent increase, and will put the money [...]
Pandemic leads to major spike in whistleblowers turning to SFO to report alleged fraud March 14, 2022 The pandemic has led to a near 20 per cent rise in whistleblower reports about alleged fraud. Workers may have falsified accounts to cover up theft or inflated sales figures in a bid to achieve bonuses during the pandemic, a new report by consultancy firm Accuracy has found. There was a 17 per cent rise [...]
Price pinch: Most Brits financially struggling or worried as inflation rises and Ukraine war rages March 14, 2022 Almost 60 per cent of Brits either struggling financially, or concerned about money in the near future, due to Russia’s war in Ukraine and the cost of living crisis. The economic effect of the conflict has exacerbated the rise in energy and food, against the backdrop of increasing inflation, which is set to exceed the [...]
Four months later: Telecom Italia starts talks with KKR following £9bn bid March 14, 2022 Four months after the first approach, Italy’s biggest phone firm Telecom Italia has said it will finally start formal talks with US fund KKR to assess its €10.8bn (£9bn) swoop.