Polymetal International hires new chair after boardroom exodus March 22, 2022 Polymetal Internationa has hired Riccardo Orcel as its new chair - following the mass exodus after Russia's invasion of Ukraine.
China and Dubai cash in on roomier Russian market amid Western boycott March 22, 2022 As the West bail out of Russia over its invasion of neighbouring Ukraine, China and Dubai are seemingly cashing in on the roomier market. China’s top envoy in Moscow has urged Chinese business leaders to “fill the void” in the Russian market, Bloomberg first reported, after a growing tally of businesses and government’s have boycott [...]
Ukrainian activists try to block Abramovich’s £450m superyacht from mooring at Turkish port March 22, 2022 A group of Ukrainian activists – including at least five children – people attempted to stop sanctioned Russian billionaire Roman Abramovich’s £430m yacht from mooring in a Turkish port. The luxury vessel called Solaris was confronted in the resort of Bodrum by a rubber dingy filled with children and teens, holding Ukrainian flags with the [...]
Russia re-registers 800 aircraft amid anti-sanctions campaign March 22, 2022 Russia said today it has re-registered 800 aircraft after President Putin signed a law last week which allows Russian carriers to take ownership of foreign-leased planes. The news comes on the same day Moscow said 78 of its aircraft were impounded by foreign governments. “(We have) lost 78 planes,” said Russian transport minister Vitaly Savelyev. [...]
Embarrassed UK Ministry of Defence hits out at Kremlin ‘propaganda’ as second prank video of Ben Wallace emerges March 22, 2022 The UK government accused Russia this afternoon of spreading “propaganda” to distract from its atrocities in Ukraine after a second hoax video featuring Defence Secretary Ben Wallace was published. Vladimir Putin’s Kremlin has been squarely blamed for the imposters’ calls with three Cabinet ministers, as officials appear to struggle to get the clips removed from [...]
British factories to launch fastest price hiking cycle on record March 22, 2022 British factories are preparing to launch the fastest price hiking cycle on record in a sign that inflation will surge even higher in the months ahead. A net balance of one in every eight UK manufacturers intend to raise prices, according to research by the Confederation of British Industry (CBI). Products produced by factories are [...]
Energy giants face EU windfall tax March 22, 2022 Energy giants could be hit with a windfall tax from the EU - with the trading bloc weighing up a temporary levee amid high profits.
Prologis launches bid to snap up Blackstone’s €21bn warehouse portfolio March 22, 2022 The world’s biggest warehouse owner Prologis has made a bid to snap up the warehouse portfolio of investment giant Blackstone, as firms scramble to secure logistics capacity and investment continues to pour into the space.
Johnson aims to ramp up nuclear power in energy independence push March 22, 2022 The Prime Minister met with top nuclear bosses today as government looks to accelerate the rollout of the country’s nuclear projects amid soaring energy costs and the fallout of Russia's invasion of Ukraine.
1 Minute Market Rundown – 22nd March 2022 March 22, 2022 Russia – UkraineYields in focusPowell doubles down on hawkish stanceCrypto finds support You would have been forgiven for thinking central banks had reached peak hawkishness with a war ongoing in Europe. Jerome Powell has decided to make a laughing stock of us all. In a speech yesterday, Powell doubled down and completed a quite incredible [...]