The West’s tech export ban could crush Russia and Putin’s war against Ukraine March 2, 2022 AS UKRAINE was plunged into war its allies around the world hurried to put together punitive packages of sanctions in retaliation. The Prime Minister Boris Johnson this week announced he’s planning to bring forward a bill in Parliament that will effectively cut Russia off dual-use technologies critical for its defence sector. President Biden has also [...]
No more iPhones for Muscovites: Apple pulls all of its products from Russia over Ukraine invasion March 2, 2022 Phone giant Apple said early this morning it has stopped selling iPhones and other popular products in Russia in response to the ongoing conflict in Ukraine. The company is one of the latest major corporations to boycott the country following the invasion ordered by Russian president Vladimir Putin last week. Fellow tech giants Google and [...]
UK living standards to drop at steepest rate since WW2 on Moscow energy supply fears March 1, 2022 The surge in energy prices triggered by the Russia-Ukraine conflict will drive inflation beyond eight per cent, generating the worst squeeze on household living standards since the second world war. Sustained elevated prices for oil and gas will heap an additional 1.5 percentage points on to the cost of living, resulting in a 2.2 per [...]
EU considers ports closure to Russian ships March 1, 2022 The EU is reportedly considering whether to follow the UK’s example and ban Russian ships from docking at its ports. According to the Danish foreign ministry, closing its ports had been considered during Sunday’s meeting when EU foreign ministers agreed to close the bloc’s airspace following the Kremlin’s invasion of Ukraine. “Denmark is actively working [...]
Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]
UK private schools told not to accept fee payments from Russia March 1, 2022 The group that represents Britain’s private schools has told its members not to take fees from Russia. The Independent Schools Council (ISC), a lobby group that acts on behalf of more than 1,300 private schools, warned its members that they may face legal issues if they accept payments from any individual or entity that has [...]
Airspace closures hit air cargo operations leading to more supply chain issues March 1, 2022 The Ukrainian conflict has hit air cargo operations worldwide, creating even more supply chain issues, analysts and companies said. Following the EU’s decision to close its airspace to Russian aircraft and the Kremlin’s retaliation, both passenger and cargo routes have been severely disrupted. Some of the biggest airlines in Europe – including Lufthansa, Air France-KLM [...]
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
The City View Podcast: Businesses react to war in Ukraine and preparing your pension March 1, 2022 In this episode of The City View, Andy Silvester goes through today’s corporate headlines and chats to Nicholas Earl, City A.M’s Energy Reporter, about how businesses have reacted to Russia’s invasion of Ukraine; their role in such a crisis; and how increasing energy prices will significantly impact companies. Andy also talks to Becky O’Connor, Head [...]
Government gears up to introduce tougher telecoms security to defend UK against cyber attacks March 1, 2022 Mobile and broadband networks may be forced to provide better protection from cyber attacks under stronger security rules for telecoms firms proposed by the government. In a new public consultation on draft regulations, the government have outlined the specific measures telecoms providers would need to take to fulfil their legal duties under the new Telecommunications [...]