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      Adidas shares plunge after hike in World Cup marketing spend

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Russia

  • British embassy guard facing nine charges of spying for Russia under official secrets act

    April 7, 2022

    A British man who was an embassy guard in Germany is facing nine charges under the Official Secrets Act, accused of spying for Russia.  David Ballantyne was extradited from Germany, where he was living in Potsdam and working as a security guard.  The 57-year-old will appear at Westminster Magistrates Court today, over alleged offences committed [...]

  • Days after comparison to ‘negotiating with Hitler’, Macron’s dialogue with Putin is ‘splitting Nato’

    April 7, 2022

    Days after Poland accused France’s president of “negotiating with Hitler” by speaking to Vladimir Putin, France has now been accused of “splitting Nato” with its continued attempts to talk with Russia.  Its president Emmanuelle Macron has been keeping an open dialogue with Moscow’s leader, along with Germany. Putin has been accused of war crimes, a [...]

  • Nikita Mazepin: I lost my seat in Formula 1 because of ‘cancel culture against Russia’

    April 7, 2022

    Russian motor racing driver Nikita Mazepin says he is a victim of “cancel culture” following his sacking by Formula 1 team Haas. Mazepin lost his seat at the US outfit on the eve of the 2022 season when Haas cut all ties with Russia in the wake of its invasion of Ukraine. Haas’s main sponsor [...]

  • Global community unites as 50 former heads of state and prime ministers agree Putin has to be prosecuted in war crime tribunal

    April 6, 2022

    An international tribunal to try Vladimir Putin over the war in Ukraine is supported by more than 50 former heads of state and former prime ministers from across the world. A petition supporting the move has topped 1.5 million, it was revealed this morning. Former UK prime minister Gordon Brown, one of those calling for [...]

  • Roman Abramovich denies ‘false’ claims he asked US friends for millions in loans

    April 6, 2022

    Sanctioned Oligarch Roman Abramovich has categorically denied he asked American friends for millions in loans to ensure he can pay staff on his payroll. The Chelsea owner and alleged confidante of Russian president Vladimir Putin, exclusively told City AM claims published originally by Page 6 were “false.” A spokesperson for Roman Abramovich said he “has [...]

  • Kremlin furious as Russian Army suffers ‘significant losses’ after bombing own unit, mistaken regiment for Ukrainian troops

    April 6, 2022

    The Russian Airforce bombed several of its own troops in recent days, confusing the location of its own military unit with Ukrainian armed forces. The Russian Army mistakenly fired a missile on its own 38th motorized rifle brigade, known as military unit 21720, according to various media reports in Eastern Europe, including a Facebook post [...]

  • EU considers offering asylum to Russian soldiers if they desert Ukraine amid claims Kremlin is using hunger as a weapon

    April 6, 2022

    European Council president Charles Michel said EU countries should think about ways to offer asylum to Russian soldiers willing to desert Ukraine battlefields. During an address to the the European Parliament, Michel expressed his “outrage at crimes against humanity, against innocent civilians in Bucha and in many other cities”, and called on Russian soldiers to [...]

  • Roman Abramovich is ‘asking all his friends in the US to let him borrow $1m’

    April 6, 2022

    Sanctioned Oligarch Roman Abramovich has been asking for millions in loans to ensure he can pay staff on his payroll. The Chelsea owner has been asking friends in Hollywood and Wall Street to give him cash, in order to ensure his existing projects, including the building of his new Tel Aviv mansion, can continue. This [...]

  • The Russia–Ukraine war and other geopolitical risks

    April 5, 2022  |  City Talk

    The war in Ukraine is dominating the headlines. For now. But the conflict’s indirect reverberations will ripple far beyond the borders of its combatants and their allies. Indeed, they could give rise to new and varied geopolitical risks throughout the world. The war’s potential effect on the global grain supply and food inflation is especially [...]

  • Ukraine war is dramatically dialling up risk of global recession

    April 5, 2022

    The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]

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