The City View: Oil goes up, and Findmypast CEO Tamsin Todd on genealogy and curiosity March 2, 2022 Today Andy Silvester takes us through the news — there’s more from Ukraine as Russia continues to attack major cities; oil increases in price again as a result of worries over supply; and a Swiss billionaire has been approached for a potential takeover of Chelsea Football Club. Andy also chats to Tamsin Todd, CEO of [...]
UK: Fresh sanctions placed on Russia as Belarus swallows first tranche March 2, 2022 The UK government has imposed a second round of sanctions on Russia and fresh restrictions on Belarus, following their invasion of neighbouring Ukraine. The UK became the first country yesterday to ban all Russian ships from entering UK ports. New measures hauled in today by foreign secretary Liz Truss, amid Russian president Vladimir Putin’s sustained [...]
Russian VTB Bank targeted by sanctions given month’s asset freeze reprieve by UK March 2, 2022 A Russian bank that has been a top target of Western sanctions has been granted a 30 day reprieve by Britain to allow clients get a hold of their money and complete transactions, according to reports. VTB Bank, Russia’s second biggest lender, has been given a month long exemption from asset freezes by Britain to [...]
Balancing ties: The countries lagging in their response to Russia’s invasion of Ukraine March 2, 2022 As Europe throws its support towards Ukraine amid Russia’s invasion, a number of international players have remained quiet, trying to balance their ties between Kyiv and Moscow. A trend of neutrality has emerged from India, Brazil, the UAE, Azerbaijan and China. However, others have backed Russia, tempted by trade deals and owed favours. Pakistan today [...]
Clock ticking on Roman Abramovich after he puts Chelsea up for sale March 2, 2022 Chelsea owner Roman Abramovich has put the Premier League club up for sale – but faces a race against time to find a buyer amid the continued threat of sanctions. Abramovich has hired US bank the Raine Group to advise on a deal and is believed to want £3bn for the reigning European champions, who [...]
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]
Gas prices spike as Russia ramps up invasion of Ukraine March 2, 2022 Gas prices spiked across the continent amid festering fears of supply constraints following Russia's invasion of Ukraine.
Retail investors snap up US bargains amid market turbulence March 2, 2022 Retail investors piled into US equities in the past week as they looked for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Household bills could rise to nearly £3,000 per year warns Cornwall Insight March 2, 2022 Household energy bills could jump to over £2,900 a year following Russia's invasion of Ukraine, according to the latest analysis from Cornwall Insight.
Ukraine raises over £200m in war bonds to fuel military defence March 2, 2022 Ukraine has raised $270m (£202.5m) in war bonds to fuel its military defence, as Russia continues its invasion of the country. The capital “will be used to meet the needs of the Armed Forces of Ukraine and to ensure the uninterrupted provision of the state’s financial needs under the war,” Ukraine’s ministry of finance wrote [...]