Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
EU regulators set to give Amazon’s £6.4bn MGM snap up the green light March 9, 2022 EU antitrust regulators are set to clear Amazon's proposed acquisition of US movie studio MGM, insiders have told Reuters.
‘An atrocity’: Russia accused of bombing Ukraine hospital during ceasefire March 9, 2022 Russia was today accused of breaking a ceasefire to bomb a hospital in the under siege city of Mariupol in what was described as an “atrocity” and act of terror by Volodymyr Zelensky. The city has faced heavy shelling over the past week and has become the site of an impending humanitarian disaster, with civilians [...]
Magic Circle law firm Freshfields drops sanctioned Russian bank as client in battle over sacred Jewish manuscripts March 9, 2022 One of London’s oldest law firms, Freshfields Bruckhaus Deringer, has pulled out of representing Russia’s state-backed development bank, VEB.RF, in a legal battle between the Russian bank and a Hasidic Jewish group, over a collection of thousands of sacred Jewish texts that fell into the hands of the Soviet Union during the Bolshevik revolution. Freshfields [...]
London’s top indexes snap back sharply after bruising sessions March 9, 2022 London’s top indexes snapped back yesterday after booking heavy losses due to fears over the economic fallout of the Russia-Ukraine war sending investors fleeing. The capital’s premier FTSE 100 index soared 2.79 per cent to above 7,000 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Market cap of gold backed crypto tokens surpasses $1bn March 9, 2022 Demand for gold is booming against a turbulent geopolitical backdrop - gold backed crypto tokens are proving to be no exception.
The City View: Energy market volatility March 9, 2022 Today Andy Silvester chats to City A.M. reporters Jack Barnett and Nicholas Earl about volatile energy prices potentially becoming even more so; inflation forecasts, rising consumer prices and what the Bank of England will do vis-à-vis rate hikes; and yesterday’s nickel big short and its impact on the London Metal Exchange. Andy also goes through [...]
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
How stock markets perform after heavy falls March 9, 2022 While public attention has understandably focused on the grave humanitarian consequences of the invasion of Ukraine, global markets have reflected investors’ concerns about financial and economic impacts. Our live blog on the Ukraine crisis will be updated regularly throughout the week, it can be found here. To date the current crisis has seen major markets fall [...]
The A-Z of wine: D is for… Douro March 9, 2022 HOW DO YOU PRONOUNCE DOURO? doer-oh WHAT’S THIS THEN? An iconic, strikingly beautiful Portuguese wine region, best known for being the home to Port, the fortified wine that we all claim to love, yet usually only buy once a year. More specifically, the Douro is the wine region around the river of the same name [...]
