Cost of living crunch to intensify as firms prepare to launch price hikes March 3, 2022 Speculation inflation in the UK could breach eight per cent in April is looking even more certain as businesses prepare to hike prices to combat swelling costs, reveals a fresh survey released today. Economists’ bets on the Bank of England’s forecasts for inflation to peak at 7.25 per cent this April being undercooked are looking [...]
UK refers Russia to international criminal court over ‘barbaric’ invasion March 2, 2022 The UK has joined 38 countries to make the "largest ever" referral to the International Criminal Court over Russia's invasion of Ukraine.
Binance defies calls to block Russian users from crypto exchange March 2, 2022 The chief executive of Binance has defied calls to freeze the accounts of Russian users amid conflict with Ukraine.
Airbus exits Russia as aviation industry cut off March 2, 2022 Airbus has become the latest company to cut off Russia by halting its support for the country's aviation industry.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
Putin accused of attempted genocide as UN passes resolution to condemn Russia’s invasion of Ukraine March 2, 2022 The United Nations officially condemned Russia’s invasion of Ukraine today, with Boris Johnson saying that “we are united in our abhorrence to the evil actions” of Vladimir Putin. The UN’s general assembly voted 147 to five, with 34 abstentions, to pass the motion of censure this evening as Ukraine’s largest cities come under intensified bombing. [...]
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
Ukraine war Day 6: Russia admits close to 500 of its troops are dead with thousands wounded March 2, 2022 Some 498 Russian troops have been killed in Ukraine, with 1,597 wounded, Russia’s Defence Ministry said in its first report of military casualties since the country invaded its eastern European neighbour last week. Moreover, the Russian bombardment of Kharkiv in Ukraine has killed 21 people and hurt 112, a Ukrainian official said. Some Russian planes [...]
Magic Circle law firm Allen & Overy vows not to take on any more Russian clients March 2, 2022 Magic Circle law firm Allen & Overy has vowed not take on any more Russian clients, in response to Russia’s invasion of Ukraine. The City of London law firm said it is “reviewing” its “Russia-related portfolio” with a view to stopping “all Russia-linked work that goes against our values.” The firm also said it will [...]
Government confirms Russia can still send oil and gas to the UK despite port sanctions March 2, 2022 The government confirms Russia can still send oil and gas to the UK, despite a ban on the country's ships docking at British ports.