Gold prices hit by resurgent dollar and upcoming interest rate hike May 3, 2022 Gold prices showed some signs of recovery this afternoon after tumbling to a two-and-a-half month low earlier in the day.
Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
BP rebounds with soaring underlying profits as calls for windfall tax escalate May 3, 2022 BP has raked in massive underlying profits across its oil and gas operations over the first three months of 2022 amid soaring energy prices.
Watch: Boris Johnson invokes Sir Winston Churchill during historic address to Ukraine’s Parliament: ‘This is your finest hour’ May 3, 2022 Boris Johnson invoked Sir Winston Churchill in an historic address to Ukraine’s Parliament, saying it was the country’s “finest hour” as it battled Russia”. Addressing members of the Verkhovna Rada, as well as president Vlodymyr Zelensky, the Prime Minister saluted Ukraine’s “courage with which you are meeting” the war being waged by Moscow. Praising the [...]
Russian broadcaster claims two captured Brits could face ‘death penalty’ May 3, 2022 A Russian television presenter has claimed two captured Brits may face the death penalty for fighting on the Ukrainian side int he war. The broadcaster , Rossiya 1, aired footage in the occupied Donetsk region, which Russia claims to have control over, and is rumoured to be planning an ‘independence’ referendum for. The two captured [...]
‘Huffy liver sausage’: Ukraine’s envoy in Germany hits out at ‘unstatesmanlike’ Chancellor Sholz over refusal to visit Kyiv May 3, 2022 Germany’s chancellor has been accused of being a “huffy liver sausage” by Ukraine’s ambassador in Berlin, after the world leader refused to visit Kyiv. Olaf Sholz was criticised by the Ukrainian diplomat as relations between the two countries continue to sour – with disagreements over arms, oil and relations with Russia. The chancellor, who took [...]
British factories lift prices at record pace as Ukraine war and China lockdowns send costs soaring May 3, 2022 Severe supply chain disruption caused by Beijing persisting with its zero-Covid tolerance policy and Russia’s war with Ukraine has sent British factories’ costs soaring at the quickest pace on record, reveals a closely watched survey released today. Shortages of raw materials and key components used by UK manufacturers due to normal trade flows being choked [...]
European Defense M&A: Ready to take off? May 3, 2022 European NATO members have often been criticized by the US for failing to meet their defense expenditure levels. But with the recent Ukraine conflict, is that all set to change? And how will this impact dense M&A in Europe? Under NATO guidelines, members are mandated to spend 2% of their annual economic output on defense. [...]
Veteran Fevertree chairman announces retirement May 3, 2022 Longstanding Fevertree Drinks chairman Bill Ronald has announced he will be retiring in May next year. Ronald joined the premium tonics and drink mixer maker in June 2013 ahead of Fevertree’s debut on the London Stock Exchange the following year. He has given a year’s notice to allow the company to start looking for a [...]
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.