Russia claims it shot down a Ukraine drone over central Moscow August 18, 2023 Russia shot down a Ukrainian drone over central Moscow early on Friday and some fragments fell on an exposition centre, officials said. The Defence Ministry said in a statement that the drone was shot down about 4am (1am GMT) and there were no injuries or fire caused by the fragments. Mayor Sergei Sobyanin said some [...]
Ed Warner: Lionesses bonus row will rear its head again after Women’s World Cup August 17, 2023 Ed Warner on why the FA could face a public broadside from the Lionesses after the Women’s World Cup, this week’s World Athletics Championships in Hungary and Team GB’s selection policy. Within 24 hours of winning the Davis Cup for the first time in almost eight decades, Andy Murray and his Great Britain team captain [...]
British firms face ‘debanking’ for trading with Ukraine, business leaders warn August 16, 2023 UK businesses reportedly face being ‘debanked’ over trading relationships with Ukraine, business leaders have warned. Firms are increasingly “afraid to trade with Ukraine from the UK” due to the risk of having their accounts forcibly closed by overly risk-averse financial institutions, it has been claimed. According to Politico, both the British-Ukrainian Business Council (BUBC) and [...]
Carlsberg ‘shocked’ at Russian capture of business August 16, 2023 The chief executive of Carlsberg has described his “shock” over Russia’s seizure of its business after the brewer left the territory. Last month, Russia took control of the beer maker’s eight breweries and 8,400 employees in the country after it closed a sale of the business to an undisclosed buyer. “We have known from the [...]
Explainer: Nato suggestions of giving up territory to Russia don’t go down well with Ukraine August 16, 2023 Another row about Ukraine’s future exploded this week, after a senior Nato official said Ukraine could relinquish parts of its territory to Russia and get Nato membership instead. It was Stian Kenssen, chief of staff of Jens Stoltenberg, to suggest this as a possible solution to end the conflict. He was at pains, however, to [...]
Inflation: Falling energy bills and price cap helps drive down prices August 16, 2023 Falling energy costs are taming once rampant inflation rates, with the consumer price index rising at its lowest rate since last February.
One year on from Biden’s Inflation Reduction Act: Britain risks ‘divine right’ as frontrunner in green race August 16, 2023 The UK risks its position in the green energy race if it fails to respond to the US Inflation Reduction Act, an industry boss warns.
Why we might need to take inflation positivity with a grain of salt August 15, 2023 Temple Melville is forecasting dark skies for world economies as Russia squeezes vital exports, meaning crypto needs a defined role.
Russia hikes rates to 12 per cent as ruble plummets to lowest level since Ukraine invasion August 15, 2023 Russia’s central bank has raised its key interest rate by 3.5% in a move designed to fight inflation and strengthen the ruble after the country’s currency reached its lowest value since early in the war with Ukraine. The decision to hike the key rate to 12% was announced after an emergency meeting of the bank’s [...]
Ofgem: “Broad and crude” energy price cap needs looking at August 15, 2023 Ofgem boss Jonathan Brearley has urged ministers to reconsider whether the "very broad and crude" price cap is still fit for purpose.