UK outlines measures to clamp down on Russian oligarchs using the ‘London laundromat’ February 28, 2022 The UK has announced a package of measures today to help ban corrupt Russian oligarchs from laundering their money in London, which will aim to force foreign owners of British assets to reveal their true identities. Business secretary Kwasi Kwarteng said the package will stop “oligarchs and kleptocrats from Russia and elsewhere” who “have used [...]
Bitcoin and crypto markets lift during Ukraine and Russia ‘de-escalation talks’ February 28, 2022 Cryptocurrency prices have started to nudge upwards as the first round of talks aimed at brokering peace between Russia and Ukraine were concluded in Belarus earlier today.
Bitcoin disappoints as safe haven asset amid conflict with Ukraine February 28, 2022 Crypto is failing to live up to its reputation as a safe haven amid the conflict with Ukraine according to market analysts.
Lime to launch latest generation e-bikes in London this summer February 28, 2022 Micromobility giant Lime has announced it will bring its latest generation of e-bikes to London this summer. Replacing the company’s current bicycles, the new bikes will be endowed with a interchangeable swappable battery, which will be shared between the fleet and new generation e-scooters. The fleet will have an increased motor power as well as [...]
Russia’s economy plunges into chaos as Western sanctions bite February 28, 2022 Russia’s economy has been plunged into chaos after Western sanctions triggered a collapse in the country’s currency today. The value of the rouble tumbled as much as 30 per cent against the dollar today, dropping to its lowest ever level against the global currency benchmark. The sharp and sudden weakening in the rouble prompted Russia’s [...]
Shell under pressure as politicians urge firms to follow BP’s lead and ditch Kremlin-backed assets February 28, 2022 BEIS member Alexander Stafford has urged companies to follow BP's lead and sever ties with Kremlin-backed organisations.
Second chances: Ex-offenders could help solve recruitment crisis February 28, 2022 “I always wanted to be a drug dealer. Getting a job would have been strange to me,” Liam Meredith, an ex-offender who now runs his own catering business, says. Many young men like Meredith struggle to break a cycle of offending even after they leave prison, due to tumultuous home lives. For men like Meredith, [...]
Crypto community rallies around Ukraine as over $20m of funding pours in February 28, 2022 Ukraine has raised more than $20m (£15m) worth of crypto since Russian forces invaded the country last week.
Grant Shapps asks UK ports to deny access to Russian ships February 28, 2022 Transport Secretary Grant Shapps has written today to all UK ports asking them to deny access to any Russian-flagged and operated ships. “Given Putin’s action in Ukraine, I’ve made clear these vessels are NOT welcome here with prohibiting legislation to follow,” he said in a tweet. In a letter addressed to all UK ports, Shapps [...]
Nationwide customers face online banking delays for the fourth time in three months February 28, 2022 Nationwide was hit with another outage this morning, with many users on social media complaining about payment and transfer delays.
