EU plans to seize Russian energy revenues as conflict escalates in Ukraine April 6, 2022 The European Union (EU) is planning to seize a portion of Russian energy revenues to pay for the future rebuilding of Ukraine.
UK inflation to scale to twin peaks in April and October April 6, 2022 Inflation in the UK will have twin peaks this year in a sign that households will absorb a double hit to their living standards. At the start of the year, the cost of living was originally forecast to peak in April, driven by the energy watchdog hiking the cap on energy bills 54 per cent. [...]
Oil prices recover as EU targets Russian coal April 6, 2022 Oil prices have rebounded from recent losses, as the prospect of fresh sanctions on Russia raised fears of supply shortages.
Bank of England to launch 1980s style rate hike cycle as it scrambles to douse down rampant inflation April 6, 2022 The Bank of England will hike interest rates at the quickest pace since 1988 this year as it scrambles to douse down rampant inflation. 0Threadneedle Street will lift borrowing costs four more times this year, taking the calendar year total number of hikes to six, according to forecasts by investment banking giant JP Morgan. The [...]
Global community unites as 50 former heads of state and prime ministers agree Putin has to be prosecuted in war crime tribunal April 6, 2022 An international tribunal to try Vladimir Putin over the war in Ukraine is supported by more than 50 former heads of state and former prime ministers from across the world. A petition supporting the move has topped 1.5 million, it was revealed this morning. Former UK prime minister Gordon Brown, one of those calling for [...]
UK to send NHS ambulances to Ukraine as conflict hammers local healthcare April 6, 2022 The UK is to send NHS ambulances to the Ukrainian towns and cities under attack from Russia, the government confirmed today. The 20-strong fleet will replace local ambulances which have been lost to Russian bombardments, amid the Kremlin-backed invasion of Ukraine. Foreign secretary Liz Truss said: “We have sadly seen day after day the [...]
Kremlin furious as Russian Army suffers ‘significant losses’ after bombing own unit, mistaken regiment for Ukrainian troops April 6, 2022 The Russian Airforce bombed several of its own troops in recent days, confusing the location of its own military unit with Ukrainian armed forces. The Russian Army mistakenly fired a missile on its own 38th motorized rifle brigade, known as military unit 21720, according to various media reports in Eastern Europe, including a Facebook post [...]
EU considers offering asylum to Russian soldiers if they desert Ukraine amid claims Kremlin is using hunger as a weapon April 6, 2022 European Council president Charles Michel said EU countries should think about ways to offer asylum to Russian soldiers willing to desert Ukraine battlefields. During an address to the the European Parliament, Michel expressed his “outrage at crimes against humanity, against innocent civilians in Bucha and in many other cities”, and called on Russian soldiers to [...]
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
UK division of Russia’s VTB files for administration April 6, 2022 The UK division of Russian bank VTB is preparing to file for administration today after Western sanctions were slapped on the firm following Russia’s invasion of Ukraine, according to reports.