Retaliation not on the cards, say analysts, after western cyberattack on Roscosmos April 12, 2022 Russia’s space agency has reportedly been on the receiving end of a cyber-attack, with ransomware born out of its own country. As claims swirled last month, Roscosmos boss and Putin ally Dmitry Rogozin diffused statements made by the group of hackers, calling them “scammers and petty swindlers”. “All our space activity control centers are operating [...]
Johnson says sorry for breaking his own Covid rules as he vows to stay as PM April 12, 2022 Boris Johnson has apologised for breaking his government’s Covid rules to attend his own work birthday party in 2020 and has vowed to stay on as Prime Minister. The PM, chancellor Rishi Sunak and Carrie Johnson were all handed Fixed Penalty Notices by the Metropolitan Police today for a lockdown-busting work birthday party in Downing [...]
Putin says sanctions against Russia won’t work as he vows to continue Ukraine invasion April 12, 2022 Vladimir Putin has said the West’s “blitzkrieg” of sanctions against Russia will not work as he vowed to continue his “noble” invasion of Ukraine. Putin today said peace talks with Kyiv are at a “dead end” and that the invasion is “going to plan”, despite Russian troops failing to achieve any of their major military [...]
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Kremlin threatens legal action if Russia is forced to default on sovereign debt April 12, 2022 The Kremlin has threatened to sue Western countries if they try and force Russia to default on its sovereign debt. In an interview with Russian newspaper Izvestia, Russian finance minister Anton Siluanov said Russia had “taken all necessary steps” to pay its creditors, after the US Treasury blocked the country from paying its bond holders [...]
London stocks most favoured by European money managers April 12, 2022 London stocks are the most sought after on the Continent, boosted by the City’s heavy weighting toward “old-economy” shares. European money managers are planning on snapping up UK equities, according to a survey published today by Bank of America. The FTSE 100 is heavily geared toward oil and mining companies, known as “old-economy” shares for [...]
US lessor Air Lease says 21 jets stranded in Russia April 12, 2022 US leasing company Air Lease Corp said today 21 of its jets were still stranded in Russia after the company terminated all contracts with the sanction-hit country. Air Lease did not reply when asked about how it could get its aircraft back, but it is believed it could claim insurance following the Kremlin’s decision to [...]
OPEC and EU tensions drive oil prices as China eases pandemic restrictions April 12, 2022 Oil prices rebounded nearly five per cent across both major benchmarks amid growing tensions OPEC and EU tensions.
Stateside inflation roars to highest rate since Christmas 1981 April 12, 2022 Stateside inflation has roared to its steepest level since Christmas 1981 in a sign of darker times to come for UK households, reveals official figures released today. Prices are 8.5 per cent higher than they were a year ago in the US, according to the US Bureau of Labor Statistics. The damning figures strengthen the [...]
OPEC warns of global supply shock if EU sanctions Russian oil April 12, 2022 OPEC has warned the European Union sanctions on Russian fossil fuels could create one of the worst global oil supply shocks in history.