As Russia triggers needless tragedy, we need to defend our global stability March 4, 2022 The lives lost so far in Putin’s pointless and tragic war are a terrible price for Ukraine, and innocent Russians. But the collateral damage of a land war in Europe will soon begin to spread far beyond razed Ukrainian villages and the flattened streets of Kharkiv. War costs billions every day. And the response – [...]
Boris Johnson announces latest sanctions vowing to inflict “maximum economic pain” on Russia March 3, 2022 Prime Minister Boris Johnson has announced an additional round of sanctions against Russian oligarchs and vowed to “inflict maximum economic pain” on Putin’s regime. “For as long as Putin continues his barbaric attack on innocent Ukrainians we will continue to exert every power we have to inflict maximum economic pain on Putin and his war [...]
Swift backlash: Will Russia snake past Western sanctions? March 3, 2022 Sanctions are intended to choke economies for decades. This week could a sign that Russia is heading for the mire. The intended effects of Western sanctions are already materialising. This week, the rouble, Russia’s currency, collapsed around 40 per cent. The Moscow Stock Exchange has been shuttered since Monday. Concern about Russia being effectively frozen [...]
M&A slumps as war in Ukraine rattles dealmakers March 3, 2022 Global mergers and acquisitions (M&A) slumped 35 per cent last month as Russia’s invasion of Ukraine rattled global financial markets and caused a dealmaking boom to falter.
Kremlin accuses BBC of being used to undermine Russia’s political stability March 3, 2022 The Kremlin made very some very serious accusations today as it said the BBC was being used to undermine the political situation in Russia. “The fact that Russian journalists are still at least somehow able to work in Britain is associated solely with London’s fears of jeopardising the position of the BBC radio and television [...]
IoD: British directors should leave posts on Russian boards immediately March 3, 2022 British directors should leave their posts on Russian boards immediately, a top business group urged today. The Institute of Directors (IoD) has appealed to the “moral duty” of all UK directors in a bid to step up the West’s freezing out of Russia from the global business community. “Although directors owe legal duties to the [...]
Dutch law firm nicknamed ‘the Kremlin office’ cuts ties with Russian government March 3, 2022 A DUTCH law firm, which came to be known as “the Kremlin office” due to the work it carried out on behalf of the Russian government, has cut its links to the Putin regime, in response to Russia’s invasion of Ukraine. Amsterdam headquartered firm Houthoff, which also has offices in the City, also vowed not [...]
Commodities boom weighs on London’s top indexes March 3, 2022 London’s top indexes plummeted yesterday as investors ditch assets with exposure to the economic fallout of the Russia-Ukraine conflict and pour into commodities as prices continue to surge. The capital’s premier FTSE 100 index plummeted 2.57 per cent to 7,238.85 points, while the domestically-focused FTSE 250, which is more aligned with the health of the [...]
Germany rules out energy sanctions on Russia amid spiralling gas prices March 3, 2022 Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the measures.
The City View: Russia advance, and CEO of Latvian unicorn Printful on supply chains and the environment March 3, 2022 Today Andy Silvester chats to Davis Siksnans, CEO of dropshipping company Printful.com, about how and why the business got started; its growth during the pandemic; supply chain issues; why dropshipping can be more environmentally friendly than traditional methods of product fulfilment; and UK expansion. Andy also goes through the news — Russia advance in Ukraine, [...]