Moody’s warns Russia is on verge of defaulting on debt obligations April 16, 2022 Russia is on the verge of defaulting on its debt obligations, a major credit agency has cautioned. The country broke the terms of two bond contracts with payments scheduled on 4 April by paying in rubles, instead of dollars. US financial services firm Moody’s has noted the use of rubles “represents a change in payment [...]
Eurozone inflation forecast to double this year as industry confidence plummets April 16, 2022 Inflation in the eurozone is anticipated to double to six per cent this year, piling more pressure on the European Central Bank to hike interest rates. Inflation expectations have shot up from an average of three per cent to six per cent in 2022, according to the ECB’s quarterly survey of economists. This is three [...]
President Zelenskiy: Up to 3,000 Ukrainian troops killed in war with Russia so far April 16, 2022 The Ukrainian president has said some 2,500 to 3,000 troops have been killed in the conflict with Russia, after seven weeks of war. There was no count of civilian casualties, president Volodymyr Zelenskiy told US broadcaster CNN. Some 10,000 soldiers had been injured. Zelenskiy said between 19,000 to 20,000 Russian soldiers had been killed in [...]
Priti Patel faces Home Office walk-outs as migrants could be sent to Rwanda within ‘weeks’ April 16, 2022 The home secretary could have to battle walk-outs and transfer requests after criticism of a plan to send asylum seekers to Rwanda. In a bid to tackle Channel crossings, Priti Patel is heading an agreement with Rwanda that would send asylum seekers to the African nation. However, the Telegraph newspaper has reported mass discontent among [...]
Bank Holiday shopping: High streets anticipate Easter weekend footfall boost April 16, 2022 High streets are set to receive a footfall boost over the Easter weekend as shoppers make the most of good weather. Retail insight firm Springboard has forecast footfall will rise 6.2 per cent week on week, across all retail destinations. A spike on Saturday will see footfall lifted some 13.3 per cent, from the week [...]
Twitter takes ‘poison pill’ as board battles to thwart Musk takeover April 16, 2022 Twitter has adopted a ‘poison pill’ tactic in order to obstruct Elon Musk’s plans to take over the social media company. Twitter’s board unanimously approved a limited-duration shareholder rights plan on Friday. The so-called ‘poison pill’ would allow existing shareholders to buy stocks at a substantial discount to dilute the holdings of new investors. In [...]
Fishermen leave vessels in ports and seafood price rises loom after fuel costs surge April 14, 2022 Some fishermen have been forced to leave their vessels in ports due to the surge in fuel prices, with fears seafood prices could spike further. According to a report in The Telegraph newspaper, the war in Ukraine has meant diesel prices have risen from 74p a litre in early February to highs of 151p. A [...]
Ericsson faces fresh penalties after possible ISIS payment scandal April 14, 2022 Telecoms giant Ericsson has said it is facing fresh fines after it admitted it may have paid off the terrorist group Islamic State. Penalties would be linked to a corruption scandal and a failure to let US authorities know, the company said. The sum of any fines “cannot at this time be reliably estimated,” the [...]
New York: Police arrest man suspected of subway station shooting after manhunt April 14, 2022 Police in New York have arrested a man suspected of injuring 23 people in a shooting at a subway station. The man was arrested on a federal charge of violently attacking a mass transportation system, after a manhunt following the incident on Tuesday. Frank Robert James, 62, was taken into custody in lower Manhattan on [...]
Wizz Air forecasts up to €652m loss after Covid rules and war in Ukraine dent air travel demand April 14, 2022 Budget airline Wizz Air said it anticipates a net loss of between €652m and €632m, as air travel demand was restrained by Covid and war in Ukraine. The airline anticipated a reported net loss for the full year while its fourth quarter operating result is expected to be within a range of a loss of [...]
