Top banks left holding Russian stocks after indexing firms give them the boot April 24, 2022 Some of the world’s top lenders have been left holding potentially valuable Russian stocks after FTSE Russell and MSCI booted Russian firms off their indexes, forcing banks to shift clients' holdings onto their own books.
Spac boom falters as regulators ramp up scrutiny April 24, 2022 A global boom in so-called blank-cheque firms has faltered in the first quarter of 2022 as investors grow sceptical of the vehicles and regulators prepare to clampdown on fanciful financial forecasting.
Scandal-stricken Credit Suisse poised for management shakeup April 24, 2022 Beleaguered bank Credit Suisse is lining up a management shakeup as new chairman Axel Lehmann looks to put the lender back on track following a string of scandals.
Zelensky says Ukraine ‘will surely win’ in Orthodox Easter message April 24, 2022 Volodymyr Zelensky has today claimed that “Ukraine will surely win” against its Russian invaders as a part of his message on Orthodox Easter. The Ukrainian President said “the great holiday today gives us great hope and unwavering faith that light will overcome darkness, good will overcome evil, life will overcome death”. Zelensky will welcome US [...]
UK inches closer to first coal mine in three decades April 24, 2022 Michael Gove is reportedly inching closer towards approving a new coal mine – Britain’s first in 30-years – as the government looks to cut its reliance on Russian energy imports. The levelling up secretary is understood to be supportive of plans to open a Cumbrian deep coal site, Conservative sources told The Telegraph, which will [...]
Britain’s biggest banks in higher interest rate profit boost as earnings season kicks off April 24, 2022 Profits at Britain’s biggest high street lenders have been boosted by the Bank of England hiking interest rates to tame historic high inflation. That’s according to top City analysts who are forecasting the UK’s largest banks to have reaped the rewards of being able to charge borrowers more for loans. A higher interest rate environment [...]
France’s presidential fight between Macron and Le Pen enters final hours: ‘It’s a choice between cholera and ebola today’ April 24, 2022 Emmanuel Macron is in pole position to win re-election in France’s presidential runoff today, but his lead over his far-right rival Marine Le Pen depends on how many voters decide to stay at home. A victory in today’s run-off vote would make Macron the first French president in 20 years to win a second term. [...]
Watch how Czech tycoon races high-powered sportscar at 414 km per hour on German motorway April 24, 2022 A Czech millionaire who drove a high-powered sportscar along a German motorway at speeds of at least 414 kilometres per hour (257mph) is no longer facing charges. Germany’s dpa news agency reported that prosecutors in the town of Stendal reviewed footage of the stunt and concluded that Radim Passer had not broken the law when [...]
UK avoided arming Ukrainians for fear of angering Putin, former ministers said April 23, 2022 The UK Government has avoided sending arms to Ukraine for the last seven hears out of fear of angering President Putin, the Sunday Times reported today. Former ministers said Boris Johnson and his two predecessors, Theresa May and David Cameron, have maintained a line of “appeasement” with Moscow since the country’s invasion of Crimea. “Some [...]
Michael Gove to approve UK’s first new coal mine in 30 years April 23, 2022 Housing secretary Michael Gove is expected to approve the UK’s first new coal mine in three decades. Tory sources told the Telegraph Gove is supporting plans to open a new colliery in Cumbria to help the country cut its reliance on Russian coal. People close to the matter said Gove, who has until 7 July [...]