Binance defies calls to block Russian users from crypto exchange March 2, 2022 The chief executive of Binance has defied calls to freeze the accounts of Russian users amid conflict with Ukraine.
Airbus exits Russia as aviation industry cut off March 2, 2022 Airbus has become the latest company to cut off Russia by halting its support for the country's aviation industry.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
Putin accused of attempted genocide as UN passes resolution to condemn Russia’s invasion of Ukraine March 2, 2022 The United Nations officially condemned Russia’s invasion of Ukraine today, with Boris Johnson saying that “we are united in our abhorrence to the evil actions” of Vladimir Putin. The UN’s general assembly voted 147 to five, with 34 abstentions, to pass the motion of censure this evening as Ukraine’s largest cities come under intensified bombing. [...]
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
Fenchurch Advisory Partners plots US expansion March 2, 2022 London-based investment bank Fenchurch Advisory Partners is plotting the launch of a US office led by a former Credit Suisse director.
City minister says UK changes to EU financial services rules will not be a ‘big bang’ March 2, 2022 Overhauling the EU’s financial services rulebook post-Brexit will not be a “big bang” moment and could take several years, according to UK City minister John Glen. Glen told Westminster’s Treasury Select Committee today that the push to reform EU regulation will be an “iterative” process and that any intervention will not “overnight change the competitiveness [...]
Kazakhstani mining company’s libel lawsuit against British author dismissed by High Court judge March 2, 2022 A libel lawsuit, put forward by a Kazakhstani mining company against Financial Times journalist Tom Burgis over his new book, has been thrown out of court. A High Court judge dismissed a case brought forward by Eurasian Natural Resources Corporation (ENRC), after the firm sued Burgis for libel, over comments made in the first two [...]
Billboard teams up with Universal Music to create NFT digital collectibles March 2, 2022 Music big names Billboard and Universal Music Group have teamed up to launch ChartStars, a non-fungible token (NFT) based project of curated digital collectibles that will leverage the environmentally friendly Flow Blockchain. The launch of ChartStars marks Billboard’s first scalable NFT product geared toward music fans. It will be a collection of artist-focused digital artwork that commemorates achievements and milestones [...]
Ukraine war Day 6: Russia admits close to 500 of its troops are dead with thousands wounded March 2, 2022 Some 498 Russian troops have been killed in Ukraine, with 1,597 wounded, Russia’s Defence Ministry said in its first report of military casualties since the country invaded its eastern European neighbour last week. Moreover, the Russian bombardment of Kharkiv in Ukraine has killed 21 people and hurt 112, a Ukrainian official said. Some Russian planes [...]