Clash between Japan and Russia looms as Tokyo steps up Kuril Island claims: ‘Russian Army is illegal occupier’ April 1, 2022 After several Japanese politicians recently stated the disputed Kuril Islands are part of Japan’s territory, Tokyo has now moved to officially declare that the entire Kuril Island chain is Japanese sovereign territory. In fact, Japan’s Ministry of Foreign Affairs has said the islands are illegally occupied by the Russian Army. Over the last few decades, [...]
Starmer: Public should know if Carrie Johnson was fined in partygate, and if Sunak’s wife Akshata Murthy benefits from Russian ties April 1, 2022 Labour leader Keir Starmer has said the public should know if Prime Minister Boris Johnsons’s wife Carrie was given a fine due to partygate, and if Rishi Sunak’s wife benefits from business ties in Russia. The leader of the opposition was asked whether there was any comparison between Mrs Johnson being fined over the lockdown [...]
UK plans to sanction all Russian nationals would breach equality laws, banks say April 1, 2022 The UK government’s plans to ban Russians from holding more than £50,000 in UK bank accounts are unfeasible, banks have said. Banks have told the government that the sanctions measures put in place in response to Russia’s invasion of Ukraine would breach equality laws, which prevent discrimination on the basis of nationality. The sanctions set [...]
Peel Hunt revenue surpasses expectations despite market slowdown amid war in Ukraine April 1, 2022 Investment bank Peel Hunt has traded ahead of analyst expectations despite a slowdown in activity after Russia’s invasion of Ukraine. Its execution and trading business marked a strong end to the year while its investment banking division marked record revenues. Revenue for the full year is anticipated to stand at around £131m, the City firm [...]
Businesses hit with 250 per cent increase in gas bills April 1, 2022 Businesses are facing a five-fold increase in gas bills, warns Cornwall Insight, amid wholesale market volatility and supply shortage fears.
Law firms cannot keep riding the two horses of easy money and the rule of law April 1, 2022 The war in Ukraine has cost many lives. It has also exposed some double standards. The recent Oxera Report has shown the economic value of the English legal platform which underpins City markets. This platform rests on the rule of law. But the City has unwisely developed a parallel reputation as a haven for funds [...]
The tectonic plates of economic power are being moved by the crypto kings April 1, 2022 Sanctions have shown the power of the people who control cash. Oligarchs counting their dollars today have realised that their money is more than just a currency, it’s an operating system. In the past month, the US Treasury, which issues the American notes and regulates the accounts that trade them, has removed the operating licence [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
Millions of households plunged into fuel poverty today April 1, 2022 Millions of households will be plunged into fuel poverty today caused by the uplift to the cap on energy bills sending the average household annual energy bill close to £2,000, reveals fresh research published today. Some 2.5m households in England have fallen into fuel poverty due to the energy watchdog, Ofgem, raising the price cap [...]
EU lawmakers back tougher rules on anonymous crypto transactions March 31, 2022 EU lawmakers have approved tough new rules which prevent crypto anonymous transactions despite pushback from industry.