Inside the Kremlin: Putin living in an alternate reality with Russia in Ukraine ‘for the long haul’ May 10, 2022 Russia’s President Vladimir Putin has created an alternative reality to convince the population that the country is under siege from its enemies, according to a leading security expert. Keir Giles, a senior consulting fellow at Chatham House, the international affairs think tank, said Putin’s speech at the Victory Day parade in Moscow was “the same [...]
British Gas owner enjoys boost from soaring oil and gas prices amid growing windfall tax calls May 10, 2022 British Gas owner Centrica has said it expects to post annual earnings at the top of its targets amid intensifying calls for a windfall tax on energy firms.
Charles and William to open Parliament today as Prince of Wales will read Queen’s Speech in historic first May 10, 2022 In a historic, unprecedented move which will see Charles read the Queen’s Speech, the Prince of Wales and Duke of Cambridge will open Parliament on the Queen’s behalf. The monarch, 96, reluctantly pulled out of the major ceremonial occasion – nearly 60 years after she last missed it – following advice from her royal doctors [...]
Travel chaos hits new low: Thousands of airline passengers forced to wait outside airport for hours May 9, 2022 Thousands of airline passengers at Birmingham Airport were forced to wait in long queues outside for several hours as the aviation sector continues to suffer from staff shortages. The situation on Monday was described as “absolute chaos” and “manic” by travellers on Twitter. One person said it took her “two hours to get through check-in [...]
Imelda is back: Remarkable comeback for widow of late dictator Marcos as former First Lady is set to become Philippines’ First Mother May 9, 2022 As polling stations in the Philippines are about to close, the son of late dictator Ferdinand Marcos is set to become the country’s next president. His near-certain victory means a remarkable comeback for his mother, the legendary Imelda Marcos, who dominated Filipino politics, together with her husband, for over two decades before being forced into [...]
Jacob Rees-Mogg: Sure, the cost of living crisis is ‘difficult’ but the government cannot just spend its way out it May 9, 2022 Senior Tory Jacob Rees-Mogg said hard-pressed households are facing a “difficult” future as inflation rises but he warned the Government cannot spend its way out of the problem. The Brexit Opportunities Minister said increasing public spending to mitigate the impacts of the rising cost of living risked adding to inflation, pushing prices higher. The squeeze [...]
‘Hard’ assets in demand: Deals by City’s distressed private equity funds treble to £1.8bn in just one year May 9, 2022 The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years. The 12 specialist funds acquired 26 UK businesses in 2021, up from 19 the previous year. There [...]
Supercar Special: 15,230 vehicles worth £770k+ each now on UK roads with Ferrari beating McLaren, Lamborghini and Bugatti May 9, 2022 There are now 15,230 so-called supercars on UK roads, with Ferrari topping the list, beating its main rivals McLaren and Lamborghini. Supercars are defined as high performance, road legal cars. Easily recognisable supercar brands such as Ferrari, McLaren and Lamborghini are best known for their speed and cost. The average price tag for a supercar [...]
City exclusive: Women occupy less than one in six senior positions at London hedge funds May 9, 2022 The financial industry has long been dominated by men, whether in banking, insurance, or hedge fund management. Even today, it has emerged that women occupy just 15 per cent of senior positions in the City’s hedge funds. A new study that was exclusively shared with City A.M. found that, within hedge funds, only one in [...]
‘Hello from the Big Apple’: Sadiq Khan touches down in New York City as London Mayor starts US tour to boost tourism and tech May 9, 2022 London Mayor Sadiq Khan has arrived in New York City and met with former mayor Michael Bloomberg as the London leader began a US tour aimed at boosting the British capital’s tourism and tech industries. The mayor of London tweeted he had caught up with his “good friend” Mr Bloomberg, who was in charge of [...]
