Abramovich sale of Chelsea could take place next week, says Premier League March 3, 2022 The Premier League has welcomed Roman Abramovich’s decision to sell Chelsea and indicated that a takeover could be completed as soon as next week. Chief executive Richard Masters called it the “right solution because the position was unsustainable” given Russia’s invasion of Ukraine. “It’s the right decision. The situation escalated incredibly quickly,” Masters told the [...]
Air Force One’s sister plane sent on training flight following Kremlin’s nuclear threats March 3, 2022 Air Force One’s sister plane, $200m Doomsday plane, was reportedly sent on a four-hour training flight following Russia’s nuclear threats to the West. Designed to become a flying government control centre in the event of a nuclear conflict, the Doomsday plane was seen on Monday taking off from a military base in Nebraska, the i [...]
Oil prices storm to near decade highs before talk of Iran deal calms waters March 3, 2022 Oil prices hit near decade highs and closed in on $120 per barrel today, as buyers shun Russian crude amid intensifying fears of supply fears.
Spotify shuts Russian offices ‘indefinitely’ March 3, 2022 Spotify said it has closed its Russian office “indefinitely” following Putin’s invasion of Ukraine. However, in contrast to many tech firms, including Google and YouTube, Spotify has not restricted its services in the country. A Spotify representative confirmed the news to Variety, and commented: “We think it’s critically important to try to keep our service operational [...]
Brave soul: Russian businessman puts $1m bounty on Vladimir Putin’s head for war crimes March 3, 2022 A Russian businessman has said he will pay $1m for anyone who arrests Russia’s president Vladimir Putin for war crimes. Alex Konanykhin is urging Russian military leaders to arrest and detain Putin as a war criminal. In a post on Facebook, the California-based crypto investor writes “I promise to pay $1,000,000 to the officer(s) who, [...]
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
UK regulators pressure crypto firms to enforce Russian sanctions March 3, 2022 Crypto firms are under pressure from UK regulators to ensure that economic sanctions against Russia are enforced.
Plans to crack down on money laundering may be vulnerable to loopholes, campaigners say March 3, 2022 Campaigners have warned that the government’s plans to crack down on “foreign criminals” laundering money through the UK property market, may be vulnerable to loopholes. The comments come after the government set out plans to force those who own UK property through foreign-registered shell companies to reveal their true identities. The plans will see the [...]
UK services economy surges after end of Plan B curbs despite inflation reaching record high March 3, 2022 Brits rushed back to pubs, bars and restaurants after the end of Plan B measures, boosting the UK’s services economy, but firms are raising prices at a record rate, reveals a closely watched survey released today. Activity among British services firms climbed to an eight month high, hitting 60.5 in February, according to IHS Markit’s [...]
Labour calls on government to ban UK luxury goods exports to Russia March 3, 2022 Labour is calling on the government to ban the export of British luxury goods to Russia as a part of the sanctions package levelled against Vladimir Putin’s regime. Shadow international trade secretary Nick Thomas-Symonds said the government must clamp down on companies like Burberry and Vivienne Westwood selling their goods to Russia to ensure “Putin [...]