Pfizer to donate Russian profits to Ukrainian humanitarian support March 15, 2022 Pfizer is set to donate all of its Russian profits to humanitarian support for Ukraine, the company confirmed late last night, as it vowed to continue to supply medicines to Russian patients. The biotech giant, which rose to fame amid the pandemic, said in a statement that “a voluntary pause in the flow of our [...]
Covid no more: Heathrow removes mask requirements as BA and Virgin Atlantic prepare to follow suit March 15, 2022 Heathrow announced it has dropped the requirement for passengers and employees to wear a face mask. Travellers, from tomorrow, will no longer need to wear face coverings while passing through the airport, as the policy applies to all Heathrow’s terminals, bus and railway stations. The airport will continue to suggest that its workers – especially [...]
Explainer-in-brief: Russia pushes China into a tight corner with weapons request March 15, 2022 Chinese President Xi Jinping has been dragged into the harsh spotlight after reports suggested Russia had asked Beijing for weapons to support their offensive in Ukraine. President Xi has played a game of keeping China at arm’s length from the conflict in a bid to maintain his relationship with Vladimir Putin without antagonising Western countries. [...]
Tactical asset allocation: the flexibility advantage March 15, 2022 Strategic asset allocation (SAA) determines long-run exposure to systematic risk factors. That said, current changes in monetary policy in many developed and emerging countries as well as the stage of the business cycle warrant tactical considerations. The tactical overlay strategy should generate added value by temporarily deviating from the weights assigned in the SAA process. [...]
Hard to Believe: Music giant which worked with Slayer and Björk will keep operating in Russia, and advises artists how to get around ban March 15, 2022 A French music giant has vowed to continue its operations in Russia, and even advised its partners how to work around sanctions. The ‘Believe’ group, which has worked with acts including Björk and Slayer, also has a UK arm, reportedly sent a newsletter last week to its partners in Russia, according to The Guardian, which [...]
What impact is inflation having on the Nasdaq? March 15, 2022 Rising US CPI inflation has caused the Nasdaq to fall but can we expect a correction with with interest rates expecting to rise? 2022 has not been kind to the NASDAQ Composite. After climbing from a covid-19 pandemic low of 6,880 points on 20 March 2020 to an intraday record of 16,212 points on 22 November 2021, it [...]
Onlookers expect Russia to default on £90m duo international bond repayments March 15, 2022 Onlookers are expecting Russia to default on its foreign creditors, as Moscow seeks to repay two bonds in roubles – which has fallen over 40 per cent against the dollar. It would be the first time this had occurred since the Bolshevik revolution in 1917 under Bolshevik Lenin, The Times first reported. Russia’s economy is [...]
IOG delivers first gas in new North Sea project March 15, 2022 A new gas field under the North Sea off the coast of East Anglia has produced its "first gas" this week according to IOG.
Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
New Zealand halves public transport fares amid soaring inflation, fuel prices March 15, 2022 New Zealand has halved prices for public transport in response to soaring fuel costs sparked by the war in Ukraine. Its Prime Minister Jacinda Ardern made the call saying the “global energy crisis has quickly become acute”. However, her government has been criticised for the rising cost of living even before the war started, with [...]
