AstraZeneca: UK-Swedish pharma giant almost doubled exports to Russia after invasion of Ukraine March 7, 2023 Anglo-Swedish drugs giant AstraZeneca nearly doubled its exports from Sweden to Russia after the Kremlin launched its full-scale attack on Ukraine, according to a report. Sveriges Radio (SR) – the country’s public service broadcaster – said that the FTSE 100 company had exported 2.2 billion Swedish krona (£174 million) worth of chemicals to Russia from [...]
China will get old before it gets rich and a waning Beijing is a more direct threat March 7, 2023 China faces an ageing population and a western world increasingly alive to the threat it poses; Beijing isn’t dangerous because it will outpace the US, it’s as China falls behind, Xi Jinping is more likely to lash out, writes John Hulsman.
Cyber attacks on Ukraine will be used as a template by hackers on a global level, experts warn March 6, 2023 “Cutting edge” cyber attacks used against Ukraine are set to be used more widely by the hackers of tomorrow, experts have warned. Rogue threat actors will employ “sophisticated” techniques forged in the heat of Russia’s cyber assault, while data and tech attacks become more “pervasive”, CityAM has been told. Sophos security expert Christopher Budd warned [...]
Shell boss: US ‘significantly’ more attractive for green energy investment than UK March 6, 2023 The US is more attractive than the UK for energy investment, warned the new boss of Shell, following the US Inflation Reduction Act.
War games: UK pilots to hold joint mission with Germany in Nato member Estonia, right on Russia’s border March 6, 2023 British pilots are set to conduct joint air policing missions in Estonia alongside the German air force for the first time. It comes as the UK prepares take over from Germany to lead the Nato mission in Estonia, which borders Russia. Royal Air Force and German Air Force Typhoon jets will take part in the [...]
How farmers with better data could help prevent future food shortages March 6, 2023 Farmers need access to better data to predict fertiliser prices to ensure the UK's food security, argues the NFU.
The financial crisis lurking in the shadows: Why regulators must now turn their attention to shadow banking March 6, 2023 Some would argue that predicting the next financial crisis is a near impossible task. But Nobel-prize winning economist Douglas Diamond said in October last year: “The last [financial crisis] started in the banks, it stayed in the banks. This one’s going to start in the shadow banks and the companies.” Shadow banking encompasses a variety [...]
We must strengthen our ties with the US, so London and New York can grow together March 6, 2023 We now have a golden opportunity to make our economic and political relationship with the United States stronger. As two leading financial centres, we benefit if we grow together, writes Chris Hayward
Energy bills support expected to stay at £2,500 after Hunt U-turn March 3, 2023 Jeremy Hunt is expected to extend support for household energy bills by an extra three months beyond April, a fresh government U-turn.
London Metal Exchange faces FCA ‘enforcement’ investigation after £3.3bn nickel crisis March 3, 2023 The FCA announced plans to begin an "enforcement" investigation into London Metal Exchange response to last year's nickel crisis.