Ukraine: UK sanctions 370 more Russian and Belarussian nationals March 15, 2022 The UK has sanctioned 370 more Russian and Belarussian nationals as a part of the government’s sanctions, including Vladimir Putin’s close political ally Dmitry Medvedev. The Foreign Office today announced the released the list of the newly sanctioned individuals, which includes 51 oligarchs, with foreign secretary Liz Truss saying “we are holding them to account [...]
Imperial Brands offloads Russian business following boycott March 15, 2022 Maker of JPS and Winston cigarettes Imperial Brands has said it will offload its Russian operations to a local operator following last week’s announcement that it would be suspending all operations in the country following the Ukraine invasion. The Rizla-owner said that it had begun negotiations to transfer its assets and operations in Russia, and said: “We believe that, in the [...]
ClientEarth launches legal action against Shell over net zero failings March 15, 2022 Shareholder activism group Climate Earth launched legal action against energy giant Shell yesterday for its failure to properly prepare for the net zero transition.
UK Crime Agency calls for tighter regulation of crypto mixers March 15, 2022 The UK's National Crime Agency has called for tighter regulation of crypto protocols that enable traders to obscure transactions.
UK bans export of luxury goods to Russia and introduces hiked import tariffs March 15, 2022 The UK has banned the export of luxury goods to Russia, including designer handbags and works of art. The Chancellor also outlined new import tariffs that will represent a 35 percentage point increase on current rates. The fresh tariffs will hit products like Russian vodka, fertiliser and steel. Products no longer allowed to be exported [...]
ETFs for an uncertain world March 15, 2022 In the past decade, we’ve witnessed a global pandemic and we’ll likely see the fallout from climate change gather pace. Even economics is becoming more unpredictable, with most policy makers and economists being blindsided by the return of inflation to levels not seen in over 30 years. In such a world, investors may want to [...]
Roaring jobs market steps up case for another Bank of England rate hike March 15, 2022 A roaring jobs market in the UK is stepping up the case for another rate hike by the Bank of England on Thursday. Strong demand for workers rubbing up against weak labour supply is intensifying inflationary pressures in the jobs market, demonstrating the UK economy is ready for more rate hikes, according to economists. The [...]
Pfizer to donate Russian profits to Ukrainian humanitarian support March 15, 2022 Pfizer is set to donate all of its Russian profits to humanitarian support for Ukraine, the company confirmed late last night, as it vowed to continue to supply medicines to Russian patients. The biotech giant, which rose to fame amid the pandemic, said in a statement that “a voluntary pause in the flow of our [...]
Explainer-in-brief: Russia pushes China into a tight corner with weapons request March 15, 2022 Chinese President Xi Jinping has been dragged into the harsh spotlight after reports suggested Russia had asked Beijing for weapons to support their offensive in Ukraine. President Xi has played a game of keeping China at arm’s length from the conflict in a bid to maintain his relationship with Vladimir Putin without antagonising Western countries. [...]
Hard to Believe: Music giant which worked with Slayer and Björk will keep operating in Russia, and advises artists how to get around ban March 15, 2022 A French music giant has vowed to continue its operations in Russia, and even advised its partners how to work around sanctions. The ‘Believe’ group, which has worked with acts including Björk and Slayer, also has a UK arm, reportedly sent a newsletter last week to its partners in Russia, according to The Guardian, which [...]