Crypto mining could help Russia evade sanctions, IMF warns April 19, 2022 Crypto mining could enable sanctioned Russians evade punitive restrictions researchers from the International Monetary Fund said.
Hasbro warns of price hikes on the horizon as demand for Dungeons & Dragons soars April 19, 2022 Toy maker Hasbro has warned it will have to hike prices even more to offset other rising costs. The Action Man maker said it was anticipating a potential revenue hit of some $100m this year after it suspended toy shipments to Russia. Hasbro said it would hike prices mid-year and was trying to mitigate supply [...]
Treasury revokes Moscow Stock Exchange status as ministers look to cut off funding April 19, 2022 The Treasury has announced plans to revoke the Moscow Stock Exchange’s recognised status today as ministers look to further cut off funding from flowing into Russian firms.
Putin stamps out foreign listings for Russian firms April 19, 2022 Russia is set to stamp out foreign listings for homegrown firms as Putin looks to close ranks in the wake of the invasion of Ukraine.
Scottish Power boss calls for emergency fund to tame rising energy bills April 19, 2022 Energy bosses have called for the government to provide struggling households with more support this winter.
Stellantis halts Russia production amid war-induced logistical difficulties April 19, 2022 Automotive giant Stellantis has halted production in Russia as a result of logistical difficulties caused by Western sanctions on Moscow. The owner of Fiat, Chrysler and Peugeot announced today it was closing its plant near Moscow. “Given the rapid daily increase in cross sanctions and logistical difficulties, Stellantis has suspended its manufacturing operations in Kaluga to ensure [...]
Crypto is shaking up the current world order April 19, 2022 The future, writes Nigel Green, is going to be radically different from what we have all experienced in our lifetimes so far.
Prada: Strong US sales offset impact of Covid lockdown in China April 19, 2022 Designer handbag maker Prada performed above expectations in the first quarter of the year, as US sales offset trade suspensions in Russia. CEO Patrizio Berteilli also said strong results in the US in the first four months of the year helped to offset the impact of Covid lockdowns in China. Speaking to Italian newspaper Corriere [...]
1 Minute Market Rundown – 19th April 2022 April 19, 2022 Russia – UkraineRisk Holds InCrypto ConsolidatesPowell to Speak Later in the Week We spoke last week of the path of least resistance being the USD higher and yields higher and that continues to be the main themes of the markets at the moment. The greenback has made fresh 2 year highs, especially against the low [...]
Zelensky says the Kremlin is embarking on latest phase of war targeting region of Donbass April 19, 2022 Ukraine’s president has warned that the Kremlin is embarking on the latest phase of its war, targeting the eastern Donbass region. Volodymyr Zelensky made his comments in a video message to his country, saying: “The Russian troops have begun the battle for the Donbas, for which they have been preparing for a long time.” “A [...]