Consumer lending surges as war, inflation and post-pandemic impact bite March 11, 2022 Consumer lending experienced a 51 per cent increase in January 2022 from the previous year, as concerns about Russia’s war in Ukraine, rising costs of living and inflation continue to bite. The sector for credit cards and personal loans had a major spike with a 55 per cent, according to new figures released by the [...]
BlackRock clients take $17bn hit as Russian assets plunge in value March 11, 2022 The world’s largest asset manager BlackRock has taken a $17bn hit on its Russian investments which have plunged in value since the invasion of Ukraine.
Kremlin threatens to take control of assets owned by multinationals that exited Russia over Ukraine March 11, 2022 The Kremlin has threatened to take control of assets owned by multinational companies that have pulled out of Russia in response to the country’s invasion of Ukraine. Speaking to President Putin yesterday, Russia’s prime minister Mikhail Mishustin said he had prepared a draft law which would allow the Russian government to take control of assets [...]
What impact could the US-UK Russian oil ban have on Tesla’s share price? March 11, 2022 The Tesla (NASDAQ: TSLA) share price began 2022 at a near-record $1,200 after record quarterly deliveries of its electric vehicles (EVs). However, rising inflation and Omicron worries saw it fall to $764 by 23 February. Then Russia began its invasion of Ukraine, and Tesla shares rocketed to $880 on 2 March as the implications for oil were [...]
Onlyfans donates £1m in crypto to support Ukraine amid Russia invasion March 11, 2022 Adult video platform Onlyfans has donated millions of pounds in crypto to support Ukraine and plans to send an additional 500 ETH (£993,790).
War in Ukraine continues to dominate the economic narrative March 11, 2022 For the third week running there is only one subject that dominates the Friday update – the ongoing fallout of the Russian invasion of Ukraine.
Russia sent ‘400 mercenaries’ to kill Ukraine’s President Zelensky March 11, 2022 Vladimir Putin sent more than 400 Russian assassins to kill Ukraine’s democratically elected president Vlodymyr Zelensky – and break up his government. Kyiv was placed under a ‘hard’ curfew for 36-hours last week, after news of the mercenaries reached its government, and its army tried to clamp down on any possible infiltrators. A source close [...]
London Metal Exchange extends nickel freeze after scrapping $3.9bn worth of trades March 11, 2022 The London Metals Exchange confirmed last night that nickel trading would remain suspended until next week after it took the drastic step to halt trading and scrap around $3.9bn worth of trades on Tuesday.
“An atlas of human suffering”: IPCC climate change update March 11, 2022 “Code red for humanity” warned headlines around the world in August last year, quoting UN Secretary-General António Guterres when the Intergovernmental Panel on Climate Change published part one of its assessment report. That concluded that warming of 1.5°C above pre-industrial levels will be reached by 2040. Part two issued this week makes even graver reading. [...]
Explainer-in-brief: OPEC+ isn’t coming to the rescue March 11, 2022 As the US and the UK took the dramatic step of turning away from Russian oil, the Biden administration has been putting significant pressure on the group of Gulf oil suppliers to ramp up production. The OPEC+ group, which includes Russia, resisted the calls to pump more crude to help bring down oil prices, which [...]