Ukraine: The brink of war March 3, 2014 ■ Cameron and Obama warn Russia to change course or face significant costs ■ Nato says Putin has broken the UN charter and threatens peace in Europe THE US Secretary of State John Kerry will fly to Kiev tomorrow, as Russia faces off against the West over its interests in Ukraine. David Cameron has vowed [...]
London is second priciest city for firms to situate staff March 3, 2014 SOARING rents have made London the world’s second most expensive city for companies to locate staff, trailing closely behind Hong Kong, according to research out today by property consultants Savills. The cost of renting living and office space for one employee in the capital reached $115,000 (£68,804) last year, up two per cent on 2012 [...]
Will Britain be called on to defend the Ukraine? March 3, 2014 ACCORDING to a treaty signed in 1994 by the UK, America and Russia, Britain is legally bound to defend the territorial integrity of Ukraine. The Budapest Memorandum centred around unrest in Crimea, which was under Russian control until 1954, and formed part of a nuclear disarmament deal that saw Ukraine destroy all of its Soviet-era [...]
Russia’s Ukraine attack is end of Pax Americana March 3, 2014 THIS is the week Western foreign policy was finally exposed as a sham. Russia has started to invade Ukraine, an independent nation supposedly backed by the West, in what could be the most significant geopolitical crisis since 9/11, and what is anybody going to do about it? Nothing. Pax Americana had been on its death [...]
Crimea: Home to Russia’s Black Sea Fleet March 3, 2014 PRESIDENT Putin has ordered Russian troops into the Crimea area of Ukraine, citing the need to protect his citizens living there. But Crimea is strategically important to Putin as a military base for the Black Sea Fleet, and concerns have been raised that the President could use troops on the ground to move into Ukraine [...]
What the other papers say this morning – 03 March 2014 March 3, 2014 FINANCIAL TIMES Britain to scrap VAT on Bitcoin trades Britain’s tax authority plans to ditch value added tax on Bitcoin trading only days after the collapse of Mt Gox, one of the virtual currency’s leading exchanges, losing almost $500m of customer deposits. In a meeting with a group of UK traders last week, HM Revenue [...]
UK energy fears rise after Russia warns it may end gas discounts March 3, 2014 CONCERNS about the security of the UK’s energy supply heightened over the weekend, as escalating political troubles in Ukraine cast uncertainty over gas shipments. Ukraine provides a key pipeline for transporting Russian gas into Europe, but a bitter dispute over the country’s ties has led Russia to issue several warnings that Ukraine may lose a [...]
Bottom Line: Kiev is the key to Putin’s power March 3, 2014 IT’S NOT just about the Crimea. Attention has naturally turned to Russia’s immediate strategic interest in Sevastopol. But the assumption that this marks the limit of Vladimir Putin’s ambition is a dangerous miscalculation. Putin’s trademark brand of Russian nationalism makes control of Kiev non-negotiable. Without it he is just another thug. But for deep cultural [...]
Manufacturers bring industry back to the UK March 3, 2014 BRITISH manufacturers say they are increasingly bringing operations that they had outsourced to other countries back to the UK, re-shoring production to drive up quality and cut transportation costs. One in six respondents to a new survey said they have re-shored part of their production chain in the past three years, bringing processes which had [...]
Suitors abuzz over Maplin after backers plug in for £200m sale March 3, 2014 HIGH Street electronics retailer Maplin has been put up for sale with a price tag of up £200m after its private equity owners decided to exit the business. Maplin, which reported sales of £213.5m for the year ending 2012, is owned by Montagu Private Equity and has about 230 stores across the UK and Ireland, [...]
