London cost of living soars as firms raise prices amid inflation crunch April 11, 2022 Londoners’ cost of living is rising rapidly driven by the capital’s firms hiking prices at the quickest pace ever to stay afloat amid swelling costs, reveals a closely watched survey released today. Businesses across the capital and the UK are being stung by a higher tax burden and swelling operating costs on top of trying [...]
Global economies distracted by crypto must be alive to advanced security threats April 11, 2022 Cyber security isn’t just about somebody reading your email; it has nation-sized implications. Before Russia’s invasion began, a wave of cyberattacks hit Ukraine’s banks and government departments. Now, the US is modelling how it would respond to escalations, including major cyberattacks on financial institutions, according to the New York Times. It’s clear that cyberattacks are [...]
National insurance hike sparks wave of job cuts April 11, 2022 Businesses have unleashed a wave of job cuts to cope with being hit by the national insurance hike, reveals fresh research released today. The pipeline of redundancies has taken off in the last month alone, triggered by firms scrambling to protect their bottom lines ahead of a series of damaging tax rises. The number of [...]
Full Russian energy embargo could stop war, says ex-Putin aide April 10, 2022 A full embargo on Russian energy exports by western countries could effectively end the invasion of Ukraine immediately, according to a former Vladimir Putin aide. Dr Andrei Illarionov said Putin “did not take seriously” the threats from the UK, EU and US to ban Russian oil and gas. European countries have vowed to end their reliance [...]
Russian economy plunged into turmoil by rampant inflation after exodus of household brands April 10, 2022 Russian consumers are being squeezed by the ripple economic effects of President Vladimir Putin’s brutal invasion of Ukraine. A host of western corporates pulling out of Moscow, a severe depreciation in the rouble and sharp supply and demand imbalances has sent inflation in the country soaring. Russian firms have been scrambling to secure supplies of [...]
Compartment No 6 continues a fine lineage of train-based romance movies April 10, 2022 If TikTok celeb Francis Bourgeois has taught us anything, it’s that trains can be exciting. Cinema shares that sentiment, with memorable classics including Brief Encounter and Strangers On A Train giving the everyday form of transport a sense of romance. Juho Kuosmanen’s drama Compartment No 6 may not have the same sweeping sentiment, but it [...]
Boris Johnson heads to Kyiv for Zelensky talks April 9, 2022 Prime Minister Boris Johnson today travelled to Kyiv to meet Ukrainian President Volodymyr Zelensky, Downing Street said. The trip is being used as a means to advance talks on a new package of military and financial support. A No 10 spokesperson said: “The Prime Minister has travelled to Ukraine to meet President Zelensky in person, [...]
Russia-Ukraine war sends global food prices to record high April 9, 2022 Global food prices have soared to their highest level ever driven by the Russia-Ukraine war choking supplies of basic foodstuffs, revealed an official index released yesterday. World food costs jumped 13 per cent last month, sending the United Nations’s food price index to 159.3 points, a record high. Ukraine is a linchpin in the global [...]
Gen Z notches worst stock market losses April 9, 2022 The global stock market turmoil triggered by Russia’s invasion of Ukraine has dealt a heavy blow to Gen Z’s portfolio, a new survey released yesterday revealed. Gen Z, people aged 18-25, absorbed the sharpest reduction in returns on their equity investments during the first three months of this year, research by Interactive Investor found. The [...]
EU targets crypto services in fresh round of Russia sanctions April 8, 2022 The European Union is cutting off high-value crypto services to Russia in a fresh wave of sanctions designed to cripple the country's economy.