Oil prices plummet as demand dips and inflation runs rampant April 19, 2022 Oil prices dropped amid growing expectations of reduced demand, with the IMF cutting its economic growth forecasts.
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Hasbro warns of price hikes on the horizon as demand for Dungeons & Dragons soars April 19, 2022 Toy maker Hasbro has warned it will have to hike prices even more to offset other rising costs. The Action Man maker said it was anticipating a potential revenue hit of some $100m this year after it suspended toy shipments to Russia. Hasbro said it would hike prices mid-year and was trying to mitigate supply [...]
Twitter for sale? Private equity giant Apollo joins bid for social media firm April 19, 2022 Private equity powerhouse Apollo is participating in a bid for Twitter as the hostile takeover by Elon Musk lingers on.
Deliveroo bosses face prison sentences following worker status abuse April 19, 2022 Two former Deliveroo bosses were handed suspended one-year prison sentences by a French court this morning after abusing the freelance status of riders working for the takeaway delivery firm. They were also fined €30,000, with the company receiving the maximum penalty of €375,000. A Deliveroo spokesperson said that whilst it “categorically rejects this judgement”, they [...]
Elizabeth line to cut journey times in half April 19, 2022 Elizabeth line services are expected to connect the whole of London east to west, cutting journey times in more than half. Set to open in the next few weeks, the first chunk of the line, from Abbey Wood to Paddington, will see services between Abbey Wood to Paddington take 29 minutes instead of 55, while [...]
Theresa May comes out against UK policy to send Channel migrants to Rwanda April 19, 2022 Theresa May has come out against the UK government’s plan to send asylum seekers trying to enter the UK illegally to Rwanda. May said in the House of Commons today that “I do not support the removal to Rwanda policy on the grounds of legality, practicality and efficacy”. The new policy was unveiled by Boris [...]
Exec producer behind infamous Prince Andrew interview Stewart Maclean named Newsnight editor April 19, 2022 The BBC has named the executive producer behind the infamous 2019 Prince Andrew interview Stewart Maclean as the new Editor of Newsnight.
Treasury revokes Moscow Stock Exchange status as ministers look to cut off funding April 19, 2022 The Treasury has announced plans to revoke the Moscow Stock Exchange’s recognised status today as ministers look to further cut off funding from flowing into Russian firms.
