Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
The City View Podcast: Businesses react to war in Ukraine and preparing your pension March 1, 2022 In this episode of The City View, Andy Silvester goes through today’s corporate headlines and chats to Nicholas Earl, City A.M’s Energy Reporter, about how businesses have reacted to Russia’s invasion of Ukraine; their role in such a crisis; and how increasing energy prices will significantly impact companies. Andy also talks to Becky O’Connor, Head [...]
Government gears up to introduce tougher telecoms security to defend UK against cyber attacks March 1, 2022 Mobile and broadband networks may be forced to provide better protection from cyber attacks under stronger security rules for telecoms firms proposed by the government. In a new public consultation on draft regulations, the government have outlined the specific measures telecoms providers would need to take to fulfil their legal duties under the new Telecommunications [...]
Venture firm Electric Capital raises $1bn to fund crypto startups March 1, 2022 Electric Capital has closed a $1bn (£749m) capital raise to fund crypto networks, Web3 protocols and blockchain-based businesses.
Russia moves towards economic collapse with plunging Rouble March 1, 2022 With the slumping Rouble now worth less than one US cent, the Russian economy is on the brink of a collapse. Karl Marx warns ‘history repeats itself, first as tragedy, second as farce.’ Hitler’s Anschluss with Austria is mirroring Russia’s annexation of Crimea, the encroachment in the Donbas with the occupation of the Sudetenland. But [...]
Discount retailers benefit from cost of living crunch as shoppers head to Aldi and Lidl March 1, 2022 Grocery price inflation hit a new high of 4.3 per cent last month, with budget supermarkets luring shoppers in as the cost of living intensifies. Fresh data from Kantar reveals the fastest rate of inflation since September 2013, with the exception of the start of the pandemic when households panic bought essentials. Aldi and Lidl [...]
A friend of Putin: Former German chancellor’s staff quit March 1, 2022 Former German chancellor Gerhard Schroeder has reportedly watched all the staff in his taxpayer-funded office walk away, while he resists growing pressure to cut his ties to the Kremlin. It comes amid the Kremlin-backed invasion of Ukraine, which has seen Schroeder – a long-time friend of Putin – fall under scrutiny. Leaders of Germany’s Social [...]
Maersk follows MSC and halts cargo bookings in Russia March 1, 2022 Logistics giant Maersk has followed in MSC’s footsteps and decided today to halt all cargo bookings to and from Russia. Maersk said yesterday it was considering whether to halt suspend all container bookings in Russia, following the set of restrictions imposed by the EU on Sunday night. “We are closely following the ever-evolving situation with [...]
City watchdog tables fresh employment terms and pay rise to staff in bid to settle dispute March 1, 2022 The City watchdog has offered its workers a fresh employment package in a bid to resolve a long-running dispute over pay, it announced today. Some of the lowest paid employees at the Financial Conduct Authority (FCA) will receive an at least £4,300 wage bump, while workers that meet performance targets will get a £5,500 pay [...]
Park Plaza hotel operator warns of ‘quite severe’ staff shortages in London March 1, 2022 Park Plaza hotel operator PPHE has reported revenue recovering to 39.5 per cent of 2019 levels as it warns of “quite severe” staff shortages in the coming months. Shares in the company dipped slightly on Tuesday morning after PPHE announced a 38.9 per cent total revenue increase to £141.4m for the financial year ended 31 [...]
