Kremlin’s grip on Kyiv: Chaos and mass exodus at Ukrainian security services as Zelensky fires dozens of officials for treason July 19, 2022 Only a day after two senior Ukrainian officials were dismissed over allegations that their agencies harboured “collaborators and traitors”, the country’s President Volodymyr Zelensky has expanded the shakeup of his security services on Monday by suspending 28 more officials. In his nightly video address, Zelensky said a “personnel audit” of the Security Service of Ukraine [...]
Darktrace hikes profit margin forecast on bumper customer growth July 19, 2022 Cybersecurity giant Darktrace hiked its full-year profit margin forecast to 19.5 per cent today as it said it expected a surge in revenues to $417m for the year to June.
Lawyers circle London Metal Exchange after nickel market meltdown July 19, 2022 London Metal Exchange is preparing to fend off a bevy of legal challenges from the US after it sensationally halted nickel trading earlier this year.
Rishi Sunak says tax cuts are a fairy tale, but he is chasing a Sleeping Beauty fantasy July 19, 2022 TIMES are tough. We need a bold plan to tackle the cost of living and get growth going. I have heard my friend Rishi Sunak argue that this is not the time to cut taxes, despite people facing the heaviest burden since the 1940s. With all due respect to the former chancellor, he is acting [...]
NatWest will provide £1.25bn in aid to farmers facing inflation July 18, 2022 NatWest will offer farmers a £1.25bn lending package amidst surging inflation in the UK. This package follows earlier support and takes the bank’s total lending for the agriculture sector to more than £6.7bn. The capital will be deployed through loans, asset finance, and higher overdraft limits, and will also help farmers transition to more sustainable practices [...]
Ukraine’s President Zelensky slams Canada’s decision to send wind turbine for Russian pipeline July 18, 2022 Ukraine's President Voldomyr Zelensky has criticised Canada's decision to deliver a wind turbine to Gazprom for the Nord Stream 1 pipeline.
What a new world order might mean for the global economy July 18, 2022 Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]
Gas prices could be separated from renewables in market shake up to lower energy bills July 18, 2022 Gas prices could be separated from the costs of electricity produced by renewables, radically reducing the UK's exposure to volatile gas markets.
H&M to wind down business in Russia after reopening stores to get rid of clothes July 18, 2022 The world’s second-largest fashion retailer H&M has said it will start winding down business in Russia, citing “the unpredictability of the future.” The Swedish clothing chain also blamed “current operational problems,” after it suspended sales in the country on 2 March. It is the latest firm to confirm a more permanent withdrawal of business in [...]
PwC set for record revenues as global chief rejects plans for split July 18, 2022 The global head of PwC has said the accounting firm is set to post record revenues of around $50bn this year, after speaking out against plans to follow in the footsteps of EY by separating out PwC’s audit and advisory businesses. In an interview with the Financial Times, PwC global chairman Bob Moritz said the [...]