Ikea was just the beginning – Sweden’s new tech is ready to invest in Britain May 17, 2022 Last week, Boris Johnson visited Stockholm and pledged a mutual security pact with his Swedish counterpart, as tensions with Russia escalated. It was a welcome reassurance of friendship in uncertain times. This is just the latest chapter in a long history of collaboration between our two nations. The Swedish-British “love-in” (a technical term often used [...]
EU provides wriggle room for companies buying Russian gas May 16, 2022 The EU has offered companies and member states wriggle room to buy Russian gas without busting the trading bloc's sanctions.
Tesco to increase payments to pig farmers by £6.6m amid ‘unprecedented costs’ May 16, 2022 Supermarket giant Tesco has announced it will increase payments to pig farmers by £6.6m, as the industry faces price hikes for wheat and soya. Total support for Tesco farmers will stand at £10m since March, as the farming sector faces staggering commodity price inflation. Feed prices have shot up since Russia’s invasion of Ukraine earlier [...]
Governor Bailey: Nothing different BoE could have done to prevent double-digit inflation May 16, 2022 Bank of England chief Andrew Bailey today defended his performance in overseeing “the biggest test” in the monetary authority’s 25 years of independence. Bailey, 63, said there was nothing else the Bank could have done to prevent inflation surging to more than five times its two per cent target in response to a grilling by [...]
Russia warns Sweden and Finland that joining NATO is a ‘grave mistake with far-reaching consequences’ May 16, 2022 Russia has warned Sweden and Finland that joining Nato is a “grave mistake with far-reaching consequences”. The Kremlin’s deputy foreign minister Sergei Ryabkov made the comments after Sweden’s prime minister, Magdalena Andersson, went to its parliament today to secure backing for joining the military alliance. In a statement, Ryabkov said, according to the Telegraph: “This [...]
Multiple activists arrested as 33,000-tonne shipment of Russian oil forced to u-turn in the Thames May 16, 2022 At least 15 people have been arrested after forcing a 33,000-tonne shipment of Russian oil to u-turn in the Thames. Greenpeace activists confronted the Greek tanker called the Andromeda late on Sunday night, climbing onto its intended docking birth at the Navigator Terminals, in Essex. While police made a series of arrests, protestors attached themselves [...]
Russia-Ukraine war generates new headwinds for European economy May 16, 2022 Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns over supply security following Moscow sending troops into Ukraine are set to strain households and businesses on the Continent. High input prices are likely to weigh on production, while elevated [...]
New international development plan focuses on bilateral aid and challenging ‘dependency on malign actors’ May 16, 2022 Britain has launched a new international development programme with a focus on challenging “dependency on malign actors”. Liz Truss made the announcement with a written statement on Monday, saying the new vision would try to address “increasing global challenges”. The plan, launched as Britain continues to oppose Russia’s war in Ukraine, also looks to “provide [...]
Russia using cryptocurrencies to avoid sanctions – reality or myth? May 16, 2022 Crypto AM columnist Jonny Fry examines Russia's use of cryptocurrency, and can Moscow use it to swerve sanctions?
Closing down: McDonald’s starts removing golden arches across Russia as its 850 restaurants are up for sale May 16, 2022 McDonald’s has become the latest major western corporation to exit Russia since it invaded Ukraine in February, as the burger chain confirmed this morning it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by the war, [...]