Partygate: Junior minister resigns after PM given police fine April 13, 2022 Junior justice minister Lord David Wolfson has quit the government for “repeated rule-breaking” in Downing Street in what is the first ministerial resignation after Boris Johnson was handed a police fine yesterday. Wolfson said in a resignation letter to the PM that “the scale, context and nature” of the breaches of Covid rules by the [...]
Oil prices continue resurgence amid escalating supply shortage fears April 13, 2022 Both major benchmarks extended gains today, with Russia revealing peace talks with Ukraine had reached a dead end.
High Court judge calls for cap on divorce costs as Siberian supermarket exec racks up £8m in fees April 13, 2022 A High Court judge has called on the government to put a cap on the cost of getting a divorce, in commenting on a protracted legal battle between a Siberian supermarket executive and her homemaker husband. Mr Justice Mostyn decried the “apocalyptic” state of affairs, that has seen a couple rack up £5.4m in costs, [...]
Pressure builds on Bank of England to tackle 30-year high inflation print April 13, 2022 Pressure on the Bank of England to get serious about tackling historic high inflation intensified today as analysts warned the cost of living could reach double digits this year. Prices are already rising at the fastest pace since 1992, climbing seven per cent over the last year, according to figures released by the Office for [...]
UK drivers suffer record spike in monthly petrol prices April 13, 2022 Petrol prices have risen over 12 pence per litre between February and March, the largest monthly hike since records began in 1990.
Ukraine: UK sanctions another 206 Russians in response to railway bombing April 13, 2022 The UK has hit another 206 individuals with sanctions in response to an horrific attack on civilians trying to escape Russia’s invasion at a train station last week. Foreign secretary Liz Truss said 178 of those sanctioned were key members of the Russian-backed Lugansk and Donetsk breakway states in the eastern Donbas region. The train [...]
Russia to pursue alternative buyers as West ramps up sanctions April 13, 2022 Russia will pursue alternative markets for its energy exports, revealed President Vladimir Putin, amid escalating tensions with the West.
EU ports ask bloc for ‘clear list’ of banned Russian vessels April 13, 2022 European ports have asked Brussels for a “clear list” of Russian vessels that need to be banned following Moscow’s invasion of Ukraine. The European Sea Ports Organisation (ESPO) expressed its support for the EU’s latest round of sanctions against Russia but stressed the importance of having a clear and uniform approach to the boycott in [...]
BlackRock profits soar as funds notch $114bn inflows April 13, 2022 Asset management giant BlackRock sailed past profit estimates today after investors poured cash into its index and active traded funds in the first three months of the year.
Russia-Ukraine war deals JP Morgan £402m blow April 13, 2022 The US’s largest bank, JP Morgan, has been dealt a $524m (£402m) blow from losses linked to assets it owns in Russia, it announced today. The firm headed by Jamie Dimon said losses had been driven by “markdowns of derivatives” tied to Russian counterparties. The Wall Street investment bank has been part of a western [...]