Russian economy plunged into turmoil by rampant inflation after exodus of household brands April 10, 2022 Russian consumers are being squeezed by the ripple economic effects of President Vladimir Putin’s brutal invasion of Ukraine. A host of western corporates pulling out of Moscow, a severe depreciation in the rouble and sharp supply and demand imbalances has sent inflation in the country soaring. Russian firms have been scrambling to secure supplies of [...]
Sunak’s wife to pay UK tax on overseas income April 10, 2022 Rishi Sunak’s wife will pay UK tax on her overseas income after a row over the appropriateness of her non-dom status, she announced yesterday. The Chancellor’s wife, Akshata Murty, an Indian national, said she will pay UK taxes on her foreign income to avoid becoming a “distraction” for her husband’s political career. Critics have accused [...]
Compartment No 6 continues a fine lineage of train-based romance movies April 10, 2022 If TikTok celeb Francis Bourgeois has taught us anything, it’s that trains can be exciting. Cinema shares that sentiment, with memorable classics including Brief Encounter and Strangers On A Train giving the everyday form of transport a sense of romance. Juho Kuosmanen’s drama Compartment No 6 may not have the same sweeping sentiment, but it [...]
Boris Johnson heads to Kyiv for Zelensky talks April 9, 2022 Prime Minister Boris Johnson today travelled to Kyiv to meet Ukrainian President Volodymyr Zelensky, Downing Street said. The trip is being used as a means to advance talks on a new package of military and financial support. A No 10 spokesperson said: “The Prime Minister has travelled to Ukraine to meet President Zelensky in person, [...]
Russia-Ukraine war sends global food prices to record high April 9, 2022 Global food prices have soared to their highest level ever driven by the Russia-Ukraine war choking supplies of basic foodstuffs, revealed an official index released yesterday. World food costs jumped 13 per cent last month, sending the United Nations’s food price index to 159.3 points, a record high. Ukraine is a linchpin in the global [...]
Ex-Labour minister Drayson booted from company he founded April 9, 2022 Former Labour minister Lord Drayson has been booted as chief of the firm he set up as part of a rescue package that will all but wipe out investors’ holdings. Drayson’s departure from Sensyne Health was announced yesterday in a stock exchange filing which also said the firm had secured a £15m emergency fund that [...]
Gen Z notches worst stock market losses April 9, 2022 The global stock market turmoil triggered by Russia’s invasion of Ukraine has dealt a heavy blow to Gen Z’s portfolio, a new survey released yesterday revealed. Gen Z, people aged 18-25, absorbed the sharpest reduction in returns on their equity investments during the first three months of this year, research by Interactive Investor found. The [...]
To Kill A Mockingbird review: Aaron Sorkin breathes new life into Harper Lee’s novel April 9, 2022 Following its critically acclaimed run on Broadway, Hollywood screenwriter Aaron Sorkin’s retelling of this classic of modern American literature hits the West End, and it is not to be missed. Sorkin takes a fresh look at the illustrious tale of defence lawyer Atticus Finch, his children, the mysterious Boo Radley and the falsely accused black [...]
Four obstacles in the way of institutional crypto adoption April 9, 2022 Anton Chashchin of Bitfrost examines the four hurdles standing in the way of institutional cryptocurrency adoption.
London law firm opens new office in Cayman Islands as firm believes tax haven is central to ‘new economy’ April 9, 2022 London law firm Chancery Advisors has opened a new office in the Cayman Islands, describing the location as “critical to the new economy.” The City of London law firm said that opening new offices in what has historically been known as a tax haven will help it facilitate offshore hedge funds and activist investors in [...]
