‘No limits friendship’: Why is China premier Xi in Moscow – and can he help end Russia’s war in Ukraine? March 20, 2023 Chinese leader Xi Jinping has arrived in Moscow on a three-day visit that shows off Beijing’s new diplomatic swagger and offers a welcome political lift for Russian President Vladimir Putin as the fighting in Ukraine slows to a grinding war of attrition. China and Russia have described Mr Xi’s trip as part of efforts to [...]
Now the BBC has told staff to delete TikTok from any corporate devices March 20, 2023 The BBC has urged staff to delete TikTok from any corporate devices unless they are using it for editorial and marketing reasons. Guidance sent to staff at the broadcaster on Sunday, as first reported by Deadline, said: “We don’t recommend installing TikTok on a BBC corporate device unless there is a justified business reason. If [...]
Banking crisis: Thousands of City jobs at risk with UBS set to ‘downsize’ Credit Suisse investment bank division March 20, 2023 Thousands of jobs in the City are at risk after UBS’s dramatic acquisition of Credit Suisse last night, with Credit Suisse’s investment banking division at the heart of discussions. The Swiss banking stalwarts employ some 11,000 people in London, including a high concentration of their investment banking units which were already facing potentially hefty job [...]
Match of the Day: Audience peaked at 2.8m after BBC Lineker row while ITV’s Six Nation coverage tops 5m March 20, 2023 Two million viewers tuned in to watch Match Of The Day (MOTD) Live after Gary Lineker’s return to the BBC. The corporation said the coverage of the FA Cup quarter-final on Saturday, which was hosted by the 62-year-old presenter, saw an average of 2.1 million viewers based on overnight figures. An audience peak of 2.8 [...]
Exclusive: Renters face being pushed out of London as landlords struggle to cope with ‘huge’ mortgage hikes, adviser warns March 20, 2023 Landlords in London and the south east are facing a 125 per cent increase in monthly mortgage payments, or £574 on average, according to research exclusively shared with City A.M. The Bank of England’s decision to raise interest rates 11 times over the last 15 months has seen mortgage costs spiral for mortgage borrowers. Earlier [...]
Silver prices soar as investors turn to precious metal amid banking crisis March 20, 2023 Silver prices climbed above $22 per ounce today as investors turned to the precious metal amid an unfolding banking crisis.
Credit Suisse: ECB tries to settle market after UBS deal wipes out $17bn of AT1 bonds March 20, 2023 The European Central Bank said its banking sector was “resilient” today as it moved to settle volatile bond markets today following the controversial move to wipe out Credit Suisse AT1 bondholders last night. As part of UBS’s rescue swoop for its beleaguered Swiss rival, regulators wrote off some £13.92bn ($17bn) of Credit Suisse additional tier [...]
Morrisons slashes prices AGAIN as supermarket attempts to woo Aldi and Lidl shoppers back to its aisles March 20, 2023 Morrisons is slashing prices for the third time in three months as it attempts to drag shoppers back from value retailers including Aldi and Lidl. The supermarket said it was cutting the prices of 460 items such as beef mince, cleaning products and fruit, in a move that followed on from a round of price [...]
Bitcoin breaches $28k with little resistance March 20, 2023 Bitcoin is up 27% over the last week and is currently trading around $28,220, while Ethereum at $1,795 is up more than 12%.
Oil toils: Crude prices tumble as global banking chaos triggers recession fears March 20, 2023 Both major oil benchmarks have plummeted in this morning's trading, with investors spooked over the instability in the banking sector.
