Evraz board quits after Abramovich hit with sanctions March 11, 2022 Russian steelmaking giant Evraz said 10 of its board members had quit today after the firm’s largest shareholder Roman Abramovich was slapped with sanctions, leaving only the chief executive remaining in post.
Goldman Sachs and JP Morgan become first Wall Street giants to exit Russia March 11, 2022 Goldman Sachs and JP Morgan yesterday became the first Wall Street heavyweights to pull out of Russia, following its invasion of neighbouring Ukraine. With Goldman leading, it is expected that others will follow, as Russia is accused of war crimes. More than 330 firms have either exited or significantly cut back their operations in Russia [...]
Russia’s ‘most favoured nation’ trade status to be revoked by US and EU today March 11, 2022 US President Joe Biden is expected to announce today that, along with the European Union and the Group of Seven countries, the US will move to revoke “most favoured nation” trade status for Russia over its invasion of Ukraine. That is according to a source familiar with the matter who spoke on the condition of [...]
Ukraine: 40-mile Russian convoy fans out into towns and forests around Kyiv with artillery into firing position March 11, 2022 A massive convoy outside the Ukrainian capital has split up and fanned out into towns and forests around Kyiv, according to new satellite photos, with artillery pieces raised into firing position in a potentially ominous movement of the Russian military. Satellite imagery from Maxar Technologies showed that the 40-mile convoy of vehicles, tanks and artillery [...]
Exclusive: HSBC customers threaten to switch banks unless it cuts Russian oil ties March 11, 2022 More than 1,700 HSBC customers have written to the bank urging it to cut its ties with Russian oil and gas businesses, research shared exclusively with City A.M. has revealed. It comes amid lingering controversy over HSBC’s backing of China’s national security law as it was imposed in June 2020 and has stamped out many [...]
Latest GDP figures confirm UK economy grows 0.8 per cent as Covid fears subside March 11, 2022 Official data from the Office for National Statistics (ONS) showed that gross domestic product (GDP) grew by 0.8 per cent in January as the hit from the Omicron variant subsided. It more than reversed the entire 0.2 per cent fall that had been observed in December. Experts had predicted a 0.1 per cent rise in [...]
China refuses to send plane parts to Russia March 11, 2022 China has refused to send plane parts to Russia, in a surprise move for the “iron clad” pair. Head of the Airworthiness Maintenance Department of Rosaviatsiya, Valery Kudinov, said that airlines should negotiate purchases separately, as China has refused to supply certain components. “Part of the fleet will be returned,” Kudinov was quoted as saying [...]
Boris Johnson to ask Brits to open their homes to some of the 2.2m Ukrainians fleeing Russian invasion March 11, 2022 The British public will be asked by the government to open their homes to Ukrainians fleeing the fighting in their country amid continuing criticism of its response to the refugee crisis. Levelling Up Secretary Michael Gove will set out on Monday details of a new “sponsored” humanitarian route to allow Ukrainians without family links to [...]
PM warns Moscow could use chemical weapons in Ukraine March 11, 2022 Prime Minister Boris Johnson said today that Russia might be ready to deploy chemical weapons in Ukraine, echoing White House warnings. “That the stuff that you’re hearing about chemical weapons is straight out of their playbook,” Johnson told Sky News. “They start saying that there are chemical weapons that have been stored by their opponents or [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]