Oil and gas rebound as pressure mounts on Russia February 28, 2022 Oil and gas prices are soaring again after the West imposed stiff sanctions on Russian financial institutions yesterday.
Arm boss pushes through management shake up as firm prepares for IPO February 28, 2022 The new boss of British chipmaker Arm has ordered a management shakeup that will see half of the firm’s top bosses culled as it heads for a major initial public offering (IPO) next year.
Ukraine: UK bans Russian banks from clearing payments in Sterling February 28, 2022 The UK will ban Russian banks from clearing payments in Sterling and has frozen the British assets of a further three financial instiutions today. Foreign secretary Liz Truss said the US will also ban Russian banks from clearing payments in US dollars as well. She said that investment firm VEB, Sovcombank and Otkritie Bank will [...]
EU airlines’ shares tumble following airspace closure February 28, 2022 The shares of major European airlines have taken a tumble following the EU’s decision to close its airspace to Russia. Legacy carriers have registered a slump, with British Airways’ owner IAG going down 4.19 per cent, while German carrier Lufthansa registered a 4.76 per cent fall. Share of aviation colossus Air France-KLM went down 2.30 [...]
Hong Kong experiences yet another exodus as ‘zero-Covid’ stance bites February 28, 2022 Hong Kong is experiencing yet another exodus as a result of Beijing’s tough ‘zero-Covid’ stance, as outbound flights hit a new pandemic-era record. Major airlines saw a surge in bookings from Hong Kong last week, Bloomberg first reported, despite the global financial hub’s so-called ‘draconian’ Covid-19 restrictions. The city has already seen its population shrink [...]
Airbnb vows to home 100k refugees as Ukraine crisis continues February 28, 2022 Airbnb announced it would offer free, temporary housing for up to 100,000 refugees fleeing Ukraine. Chief Executive Brian Officer Brian Chesky and Joe Gebbia, the chairman of the home rental company’s non-profit arm, said they have sent letters to leaders of Poland, Romania, Germany and Hungary offering help to house the refugees. Announcing the news via Twitter, [...]
London retail recovers after Storm Eunice footfall hit February 28, 2022 London’s shopping destinations rebounded last week as crowds returned to the heart of the capital with gusto. Footfall leaped 17 per cent in central London last week, compared to the week prior, according to retail experts Springboard. It was also 374.3 per cent busier compared to the same week last year, when the country was [...]
Aviva and Allianz partner on £500m City office and retail development February 28, 2022 Aviva Investors and Allianz Real Estate have entered a partnership for a massive ongoing development in the heart of the City of London. The joint venture, 1 Liverpool Street and 101 Moorgate with a gross development value of around £500m, are central to the Crossrail development site in the Square Mile. “London is one of the [...]
Comparethemarket pulls ads featuring Russian meerkat amid Ukraine crisis February 28, 2022 Comparethemarket has pulled its ads featuring the animated Russian meerkat Aleksandr Orlov from news bulletins following Russia’s invasion of Ukraine. The price comparison site said it had reviewed its media plan to make sure the adverts did not appear around content such as news bulletins on the Ukrainian conflict. “The Comparethemarket meerkats are fictional characters. They have [...]
Ex-Goldman Sachs banker Tim Leissner says he forged divorce documents twice following double bigamy allegations February 28, 2022 A former Goldman Sachs banker has admitted that he “photoshopped” divorce papers so that he could marry American model Kimora Lee Simmons, after being called a “double bigamist” during a trial of his former Goldman Sachs colleague Roger Ng over his role in the multi-billion-dollar 1MDB scandal. Tim Leissner, who admitted charges of bribery and [...]
