UK Foreign Office advises Brits to leave Russia March 5, 2022 The UK Foreign Office has advised all British nationals in Russia to consider leaving the country, if their presence there is not essential. In advice updated today, the Foreign Office said people should exit the country by the remaining commercial routes. It comes amid reports that martial law is soon to be imposed in Russia, [...]
Ukraine’s president slams NATO as Johnson and Macron discuss ‘despicable’ attack March 5, 2022 The prime minister has met with French president Emmanuel Macron today to discuss “the worst war on our continent for a long time”, as Ukraine’s leader slams NATO. Boris Johnson and Macron, who have not always seen eye to eye, agreed it was “imperative” to both countries to continue to provide humanitarian, economic and military [...]
PayPal freezes all services in Russia following Ukraine invasion March 5, 2022 PayPal is set to shutter all its services in Russia, according to its chief executive today, as the payments giant becomes the latest business to exit the country following its invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” chief executive Dan Schulman said on Saturday. “PayPal supports the Ukrainian [...]
Weekend Explainer: Why has Gordon Brown said Vladimir Putin should face a Nuremberg-style tribunal? March 5, 2022 Today, at an online event hosted by Chatham House, former UK prime minister Gordon Brown called on countries to set up a special tribunal, in line with the model used in the Nuremberg trials, to punish Vladimir Putin over Russia’s invasion of Ukraine. Speaking at the Chatham House event alongside Ukraine’s foreign minister Dmytro Kuleba, [...]
Saturday Sitdown: Credit Suisse’s global investment boss on the dawn of a new world order March 5, 2022 The Russian invasion of Ukraine has accentuated geo-political risks, further fueling volatility on financial markets and unsettling investors. These developments mark a clear shift to a new world order, Michael Strobaek, Credit Suisse’s global chief investment officer, told City A.M. in an exclusive interview. “This new world order will make risk management as well as investing [...]
Tech Weekly: ByteTree CIO on Bitcoin amidst Russia-Ukraine conflict March 4, 2022 On this episode of Tech Weekly, City A.M. reporters Lily Russell-Jones and Charlie Conchie chat to Charlie Morris, CIO and founder of ByteTree, for a conversion about the war in Ukraine; what role that Bitcoin and gold are currently playing; and whether Bitcoin can truly is a safe-haven asset. Charlie Conchie also talks to Nasson [...]
Russia rolls out fast-track bankruptcy for foreign firms as companies scramble to exit March 4, 2022 Foreign firms looking to withdraw from Russia will receive fast-tracked bankruptcy protections or be able to temporarily hand over stewardship to local managers, under measures designed to ease the flood of firms looking to sever ties with Russia.
Enough: Russia’s second-largest oil firm Lukoil urges Putin to end Ukraine war immediately March 4, 2022 Vagit Alekperov, the owner of Russia’s second-largest oil company Lukoil, has called on Russian President Vladimir Putin to put an end to the invasion of Ukraine. The company expressed concerns over “the ongoing tragic events in Ukraine” calling for “the immediate cessation of the armed conflict and fully support its resolution through the negotiation process [...]
Ukraine and crypto donations show how good will triumph over evil… hopefully March 4, 2022 Monty reflects upon the halcyon days of his youth, and a cold shadow that has come back to haunt the world.
Shares nosedive across Europe as burning Ukrainian nuclear plant terrifies traders: FTSE lowest since October March 4, 2022 All major markets across Europe are reacting this morning with horror to the fire at Europe’s largest nuclear power plant amid shelling by Russia in the area. Although the situation is reportedly under control, stock indexes were down across the continent, with London’s top index, the FTSE 100, dropping to its lowest point since October [...]