Sunak and Zelensky discuss ramping up military support to Ukraine after ‘recent battlefield successes’ April 14, 2023 Rishi Sunak and Volodymyr Zelensky discussed ramping up military support to Ukraine in a phone call on Friday, Downing Street said. The Prime Minister told the Ukrainian president that Britain and its allies “needed to continue to ensure Ukraine was in the strongest possible position to build on its recent battlefield successes”. The two leaders [...]
Unemployment must be higher to keep a lid on inflation, Bank of England’s Huw Pill claims April 13, 2023 A greater proportion of the UK population than before the recent series of economic shocks may need to be unemployed in order to keep a lid on inflation, the Bank of England’s chief economist has claimed today. Huw Pill, who succeeded Andy Haldane as the Bank’s top wonk, was speaking at an event hosted by [...]
OPEC cites risks to summer oil outlook, holds demand forecast April 13, 2023 OPEC has flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers.
Ukraine’s Naftogaz says Russia told to pay $5bn for seizing Crimea assets April 13, 2023 Naftogaz revealed Moscow had been ordered by an arbitration court in The Hague to pay $5bn compensation for unlawfully expropriating assets.
Finland’s accession to Nato backs Russia in a corner but it won’t end war in Ukraine April 13, 2023 Finland has joined NATO, and this is a very positive development in the West's fight against Putin's barbaric regime. But there's much more to be done to support Ukraine, writes Daniel Sleat
‘Turning point’ in shift to clean power? Fossil fuel emissions from electricity due to have first EVER annual drop April 12, 2023 The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a global recession or pandemic.
Deutsche Bank ‘de-risking’ Russian IT operations April 12, 2023 Deutsche Bank is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany’s biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in Moscow [...]
UK takeover bids tumbled amid banking crisis fears – as private equity firms smell bargains April 12, 2023 Takeover attempts in the UK tumbled sharply in the first three months of the year as fears of a global banking crisis roiled markets and spooked the City’s dealmakers.
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
IMF: UK economy to toy with recession this year – and fall to the bottom of global growth leaderboard April 11, 2023 Britain is steering toward the bottom of the G7 economic growth table this year and will toy with a recession for most of 2023, the world’s economic watchdog warned today. UK gross domestic product is tipped to shrink 0.3 per cent per cent in 2023, the weakest performance of any economy in the group of [...]