Year-ahead inflation expectations hit record high ahead of BoE’s rate decision March 10, 2022 A record proportion of Brits expect the current inflation crunch to linger in a year’s time, fresh data released today reveals. Some 35 per cent of households think the cost of living will top five per cent by this time next year, according to Bank of America. The fresh figures will worry the Bank of [...]
Stateside inflation surges to over 40 year high strengthening case for rapid US Fed tightening March 10, 2022 Stateside prices are accelerating at the fastest pace in over 40 years, strengthening the case for the US Federal Reserve to front load reining in policy. Inflation in the US scaled to 7.9 per cent, according to data released by the US Bureau of Labor Statistics today, the hottest rate since January 1982. The fresh [...]
Gold price roars back as Ukraine-Russia talks yield no progress March 10, 2022 Gold resumed its charge this afternoon after the price faltered this morning on hopes of diplomatic progress between Russia and Ukraine.
Evraz shares suspended after Abramovich sanctions March 10, 2022 Shares in mining giant Evraz have dropped 11 per cent, after the government sanctioned major stakeholder Roman Abramovich.
U-Turn: former LSE chief resigns from Russian firm amid backlash March 10, 2022 Xavier Rolet has bowed to pressure and resigned as chairman of PhosAgro, a company facing sanctions over its ties to the Russian government.
Rio Tinto cuts ties with Russia March 10, 2022 Rio Tinto became the first major mining company to announce it was severing ties with Russian businesses following the invasion of Ukraine.
Chinese government advisor says ‘fake news’ is fuelling China’s hostility towards the West March 10, 2022 A leading advisor to the Chinese government has called on the Chinese Communist Party (CCP) to crack down on people spreading false information online, after claiming that fake news is polarising Chinese public opinion and fuelling hostility towards the West. Jia Qingguo, a senior government advisor and the former dean of the School of International [...]
Chelsea match given go-ahead by Premier League despite Abramovich sanctions March 10, 2022 The Premier League has said Chelsea can face Norwich City as planned this evening despite the sanctioning of Roman Abramovich. Uncertainty surrounds the future of the club after Abramovich had his assets frozen by the UK government over his alleged links to Russia and its prime minister Vladimir Putin. “Following the UK Government’s announcement that [...]
European Central Bank leaves rates negative despite inflation hitting record high March 10, 2022 The European Central Bank left interest rates unchanged in negative territory today despite inflation on the Continent running at a record high. President Christine Lagarde and co kept borrowing costs at minus 0.5 per cent, where they have been for several years, sticking with its more dovish stance toward monetary policy. The ECB has been [...]
UK financial watchdog tells British firms to boost cybersecurity following Russia’s invasion of Ukraine March 10, 2022 The UK’s financial regulator has told British companies to strengthen their cybersecurity systems, amid fears Russia’s invasion of Ukraine may spark an increase in hacking. The Financial Conduct Authority (FCA) said firms should take measures to boost their resilience to cyber attacks and be wary of people sharing false information on social media. The comments [...]