Kirin to pump £660m into pharma pivot as beer profits ‘won’t grow forever’ March 13, 2022 Japanese brewing giant Kirin is looking to further pivot into healthcare and pharmaceutical space over the next three years, with a ¥100bn (£667m) investment. The Covid-19 pandemic has launched the potential for pharma profits onto many businesses and investors’ radars over the past two years – and has reportedly accelerated many in Asia to drink [...]
Week ahead: City eyes jam-packed week of economic data and announcements March 13, 2022 Investors’ focus on developments in the Russia-Ukraine conflict may be pulled away by a week of jam-packed flagship economic announcements and data. Last week was an extremely volatile one for London’s premier FTSE 100 index, swinging from a low of 6,674 to a high of 7,672. It eventually finished up 2.41 per cent. Wild market [...]
Gove says £350 a month will be given to people housing Ukrainian refugees March 13, 2022 Brits who take in Ukrainian refugees will be given £350 a month as a part of a government scheme, housing secretary Michael Gove has said. Gove today said more than 3,000 UK visas had now been given out to those fleeing Ukraine, which is up from 1,300 on Thursday. The government has opened up refugee [...]
Leading Rabbi arrested amid probe into Roman Abramovich’s Portuguese citizenship March 12, 2022 Portuguese authorities have arrested a leading Rabbi and banned him from leaving the country, amid an investigation into the decision to give sanctioned Russian billionaire, Roman Abramovich, Portuguese citizenship, based on his supposed links to the country’s Jewish community. Police arrested Porto Rabbi Daniel Litvak in Portugal’s second largest city, amid claims he issued the [...]
Russian troops abducted Ukrainian mayor after capturing city of Melitopol March 12, 2022 Ukrainian president Volodymyr Zelensky has accused Russian troops of kidnapping the mayor of the Ukrainian city of Melitopol, after he refused to cooperate with their demands. In a video briefing, Zelensky said: “Today in Melitopol the invaders captured mayor of the city, Ivan Federov – a mayor who courageously defends Ukraine and the people of [...]
Israel and Ukraine deny claims Zelensky was told to ‘surrender’ to Putin’s demands March 12, 2022 Israel and Ukraine have denied claims that Israeli prime minister Naftali Bennet told Volodymyr Zelensky to strike a deal with Vladimir Putin, in order to end Russia’s invasion of Ukraine. The denials come after US new site Axios said Bennet had advised Zelensky to accept Putin’s proposals and cave in to Russia demands, to end [...]
Seizing companies’ assets would take Russia back to Bolshevik revolution, Putin ally says March 12, 2022 Russian mining billionaire Vladimir Potanin has warned Putin against seizing control of assets owned by the foreign firms that have exited Russia, after arguing that doing so would drag Russia back to the time of the Bolshevik revolution. Multi-billionaire mining magnate Potanin, who in 2018 appeared on the US Treasury’s list of 210 individuals with [...]
Berkshire Hathaway says shareholders should vote against plans to replace Warren Buffett as chairman March 12, 2022 Berkshire Hathaway has called on shareholders to vote against plans to replace Warren Buffet as chairman of the Omaha headquartered investment company. The Board of Berkshire Hathaway said shareholders should vote down a proposal, put forward by Pennsylvania investment firm Federated Hermes, to separate the positions of Chairman and CEO within the firm. The move [...]
US law firm Squire Patton Boggs drops Russia’s Gazprombank as client March 12, 2022 US law firm Squire Patton Boggs has dropped Russia’s Gazprombank as a client, after closing its Moscow offices. Squire Patton Boggs’ decision to exit its relationship with Russia’s third largest bank comes after the US law firm was hired by Gazprombank in 2014 to lobby against US sanctions, following Russia’s annexation of Crimea. Gazprombank’s relationship [...]
Russia to block Instagram on Monday after branding Meta an ‘extremist organisation’ March 12, 2022 The Kremlin has told Russian Instagram users they have until the end of the weekend to transfer any photos or videos they have saved on the social platform, onto their own computers, after confirming Instagram will be “definitively blocked” from midnight on Monday. The comments come after Russia’s media watchdog, Roskomnadzor, said it will be [...]
