JP Morgan invests in TRM Labs amid blockchain push March 1, 2022 JP Morgan has become the latest banking giant to signal support for blockchain technology with an investment in TRM Labs.
UK becomes first country to ban Russian ships from accessing ports March 1, 2022 The UK has become the first country to pass a law banning all Russian ships from docking at its ports, transport secretary Grant Shapps announced this morning. “At London’s Foreign Office where we’ve just become the first nation to pass a law involving a total BAN of ALL ships with ANY Russian connection whatsoever from [...]
British factories tackle bulging order book as supply chains come back online March 1, 2022 An unravelling in supply chain snarl ups is freeing up materials for British factories to use to clear an enormous backlog of work, reveals a closely watched survey published today. Improvements in the functioning of the global logistics system has restored flows of components used by British manufacturers, allowing them to complete work snowballed due [...]
Gazprom exports to Europe down by a third as prices spike across the continent March 1, 2022 Gazprom's natural gas exports outside ex-Soviet Union countries, according to the latest data from the Kremlin-backed gas giant.
MSC halts Russian bookings as Switzerland breaks neutral position March 1, 2022 Shipping giant MSC has halted Russian bookings for cargo, as the corporate world attempts to stave off Russia’s wider operations. “MSC will continue to accept and screen bookings for delivery of essential goods such as food, medical equipment and humanitarian goods,” the world’s largest shipping firm said today. The temporary move will be implemented from [...]
Axie Infinity tops Google’s most-searched NFTs March 1, 2022 Axie Infinity has been revealed as the most searched for NFT (non-fungible token) collection in the world.
TikTok rolls out 10 minute videos as it closes in on YouTube March 1, 2022 TikTok is set to roll out videos of up to 10 minutes in length, as the Chinese tech firm closes in on competitors like YouTube.
Spotlight on SPACs: more risk than opportunity? March 1, 2022 It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment. While special purpose acquisition companies (SPACs) have been around for decades, they have attracted unprecedented interest and investment since the first wave of Covid-19. Amid this recent boom, entrepreneur Richard [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
Nord Stream 2 fires staff as it weighs up insolvency amid US sanctions March 1, 2022 The Kremlin-backed company which built the Nord Stream 2 gas pipeline is could file for insolvency, according to Reuters.
