Goldman Sachs: World is entering new era of ‘bigger government’ and ‘higher taxes’ May 11, 2022 The world economy is entering an era of “bigger government” and “higher taxes,” according to a top Wall Street bank. The scaling back of red tape and stronger corporate profits that characterised the global business environment since the 1980s is set to reverse, Goldman Sachs has said. Supply-side reforms pushed through by former British prime [...]
Liz Truss: ‘Clear and shocking evidence of deliberate and malicious cyber attacks by the Kremlin’ May 11, 2022 The Kremlin has been blamed for a series of cyber attacks, including on a communications company in Ukraine an hour before Russia’s invasion. The Foreign Office made an announcement this week citing “clear and shocking evidence” of the action by Moscow, following an in-depth assessment by the UK’s National Cyber Security Centre (NCSC). The NCSC [...]
‘Let the West pay more’: Russia dares EU to bring in oil ban May 11, 2022 The Kremlin has warned it has enough buyers for its energy resources outside of Western countries, as the EU weighs up a Russian oil ban.
US Federal Reserve to move even quicker to tame higher than expected underlying inflation May 11, 2022 A higher than expected rise in a more closely watched measure of stateside inflation may prompt the US Federal Reserve to hike interest rates by a historic 75 basis points at its next meeting. That’s according to top City economics consultancy, Capital Economics, which said the upside surprise to core stateside inflation will worry Fed [...]
Oil prices recover as EU pushes for Russian oil ban May 11, 2022 Oil prices rebounded as the European Union (EU) closes in on a Russian oil embargo, raising concerns of supply shortages across the continent.
E.ON suffers massive drop in profits amid spiralling wholesale costs and Russian uncertainty May 11, 2022 E.ON has suffered a 15 per cent drop in first-quarter profits, blaming higher energy prices that it was unable to pass on to customers.
Top US intelligence official warns the Kremlin could use nuclear weapons if Putin thought Nato would intervene in Ukraine May 11, 2022 The head of America’s national intelligence organisation has warned Russian President Vladimir Putin may use nuclear weapons. Avril Haines, the director of national intelligence, told the Senate the Kremlin may take the drastic step to avoid getting bogged down in longer war over Ukraine. She said Russia will become “more unpredictable and escalatory” as it [...]
Opinion-in-brief: Putin scrambles to salvage war campaign replacing spies May 11, 2022 Vladimir Putin has replaced Russia’s main spy agency – the Federal Security Service (FSB) – with military intelligence chiefs who will now oversee intelligence operations in Ukraine. The individuals appointed are part of the GRU, the service allegedly behind the Salisbury poisonings in 2018, and heavily involved in operations in the Donbas and in Syria. [...]
Fresh losses for Putin as Russian Army loses most of Kharkiv and Ukraine holds ground at Mariupol mill May 11, 2022 Kyiv’s military has made gains near the eastern city of Kharkiv overnight, Ukrainian President Volodymyr Zelensky claimed this morning. Zelensky that the military was gradually pushing Russian troops away from the city. The Ukrainian military’s general staff said its forces drove the Russians out of four villages to the northeast of Kharkiv as it tries [...]
Eat that, Putin: US lawmakers give green light for historic £32bn lifeline for Ukraine in fresh push to ‘weaken’ Russia May 11, 2022 Sigh of relief in Kyiv this morning as the US House of Representatives has emphatically approved a fresh $40bn, or £32.4bn, aid package for Ukraine. The measure sailed to passage by a lopsided 368-57 margin, providing $7bn more than President Joe Biden’s request from April and dividing the increase evenly between defence and humanitarian programs. [...]