Medicine market in Russia ‘stable’ as GSK commits to keeping up supply March 17, 2022 GlaxoSmithKline’s (GSK) will halt clinical trials in Russia but maintain the supply of essential medicines, following the Kremlin-backed invasion of Ukraine. The London-headquartered group has no manufacturing operations in Russia or Ukraine, while its supply chain and raw material access will be minimally impacted, according to Reuters. GSK follows Pfizer, who has pledged all its [...]
Bank of England hikes rates for third successive meeting in bid to catch rampant inflation March 17, 2022 The Bank of England today hiked interest rates for the third successive meeting for the first time since 1997 as it tries to catch up with rampant inflation that is threatening to derail the UK economy. Rate setters at Threadneedle Street sent borrowing costs 25 basis points higher, taking them to pre-pandemic levels of 0.75 [...]
BBC pays Princess Diana’s private secretary ‘substantial sum’ over infamous Bashir interview March 17, 2022 The BBC said in a statement that it has paid Diana, Princess of Wales’ private secretary Patrick Jephson a “substantial sum’’ in damages and has apologised for the way in which Martin Bashir obtained his explosive 1995 Panorama interview. It comes after Lord Dyson’s investigation last year concluded that BBC journalist Bashir committed a “serious [...]
1 Minute Market Rundown – 17th March 2022 March 17, 2022 Russia – UkraineRisk sentiment improvesFed delivers So there were two big talking points yesterday. Firstly, Chinese authorities decided enough was enough and stepped in to prop up domestic equity markets. They pledged to keep capital markets stable, support oversea stock listings and confirming that regulation of big tech will end soon. Unsurprisingly, Asian stocks saw [...]
Roman Abramovich used ‘barrage’ of legal threats to silence journalist, MPs hear March 17, 2022 A prominent British journalist has said she received legal threats from Roman Abramovich after she published a book laying out the oligarch’s links to Vladimir Putin. Reuters journalist Catherine Belton told MPs she received a “barrage” of legal threats from Russian oligarchs, including sanctioned billionaire Roman Abramovich and Everton backer Alisher Usmanov, after she published [...]
Gordon Brown joins 50 charities urging action on cost of living crisis, u-turn on ‘unthinkable’ below-inflation benefit rise March 17, 2022 Former Prime Minister Gordon Brown joined around 50 charities urging the government to urgently address the cost of living crisis, and change its mind on a below-inflation benefits rise. Pressure was growing on ministers this week not to go ahead with the rise of 3.1 per cent in the Spring statement, as inflation is set [...]
Digital publishing booms as revenues hit £174m March 17, 2022 Digital publishing continues to boom as new research has revealed that revenues in the fourth quarter of 2021 were up 13.4 per cent to £174m from 2020 figures.
Dorries’ laws for Big Tech have become overrun trying to keep everyone happy March 17, 2022 Today marks the introduction of the Online Safety Bill: a “world-first” for online safety, but a behemoth bill of confusion. Variations of today’s bill have been bounced around since David Cameron, drawing media attention and public uncertainty, and ultimately landing in the hands of reality TV personality turned politician Nadine Dorries. As it stands today, [...]
Government doesn’t support cap on MP pay as a part of sleaze reforms March 17, 2022 The government does not support a cap on MP pay as a part of reforms proposed after last year’s Conservative party sleaze scandal, it has been revealed. The Guardian reports that ministers recently submitted its proposals for reform of parliament’s rules on second jobs for MPs to Westminster’s Committee on Standards, with a cap on [...]
Ukraine’s Zelensky legalises crypto as donations near $100m March 17, 2022 Ukraine has legalised crypto with a bill signed by President Volodymyr Zelensky as digital asset donations pour into the conflict hit country.
