Biden confirms new sanctions on Russia but excludes US military intervention in Ukraine February 24, 2022 US President Joe Biden has confirmed a new set of sanctions, including limiting exports, will be imposed on Russia following the Kremlin’s attack to Ukraine. “This is going to impose severe cost on the Russian economy, both immediately and over time,” he said during a White House press conference. “We have purposefully designed these sanctions [...]
Consumer price cap could spike to £3,000 per year warns Investec February 24, 2022 The consumer price cap could spike to £3,000 per year in October, warned Investec, following Russia's invasion of Ukraine.
BP under pressure to exit Rosneft stake February 24, 2022 BP is facing intensifying pressure to exit its near 20 per cent stake in Kremlin-backed energy group Rosneft.
Full-blown Russian incursion of Ukraine triggers global market rout February 24, 2022 Global investors fled stocks today after they woke up to the news that Russian President Vladimir Putin had ordered a full invasion of Ukraine. Risk appetite poured out of traders’ mindsets as they flowed into safe assets to limit the potential spillover economic effects of Moscow troops closing in on Kiev. The capital’s premier FTSE [...]
CAA bans Russian carrier Aeroflot from flying to UK following Ukraine invasion February 24, 2022 The UK Civil Aviation Authority (CAA) has banned Russian carrier Aeroflot from flying into the UK airspace following Moscow’s invasion of Ukraine. “Following the announcement by the Prime Minister in Parliament today, the UK Civil Aviation Authority has suspended the foreign carrier permit held by Aeroflot until further notice,” said a CAA spokesperson. “This means [...]
Ukraine: UK to freeze assets of major Russian banks in new sanctions February 24, 2022 All major Russian banks will be shut out from operating in the UK and large Russian firms will be blocked from raising capital in the City in a package of economic sanctions announced by Boris Johnson today, which has been described as the largest ever by a British government. This will include VTB Bank, the [...]
What’s behind value’s recent renaissance? February 24, 2022 The debate over the value and growth investment styles has been intense in the opening weeks of this year. Value’s relative outperformance has been eye-catching, with the MSCI World Value index returning -1.3% in January compared to -9.3% for MSCI World Growth. In some ways though, this is just a continuation of last year’s oscillations [...]
War in Europe kills 50 so far: Ukraine begs EU for urgent air defences while Russian Army conquers Chernobyl February 24, 2022 Ukraine is urging the European Union to urgently provide air defence and anti-missile support, and to use “all means” to jam Russian satelitte signals. The plea for help comes as Ukrainian President Volodymyr Zelensky said Russian forces are trying to seize the Chernobyl nuclear plant, site of the world’s worst nuclear disaster. At the same time, Nato [...]
Lloyds Bank boss warns of ‘heightened’ Russian cyberattack threat February 24, 2022 The boss of Britain’s biggest mortgage lender today sounded the alarm on potential Russian cybersecurity attacks after Vladimir Putin ordered a full-blown incursion of Ukraine in the early hours of this morning. Charlie Nunn, chief executive of Lloyds bank, said the lender’s top team have “been on heightened alert” to spot any Russian interference with [...]
Ryanair and Wizz Air shares dip as airlines halt all Ukraine operations February 24, 2022 Shares of Wizz Air and Ryanair have dipped 11.25 and 2.86 per cent respectively after the low-cost airlines halted all Ukraine operations as a result of Moscow’s offensive and the closure of the country’s airspace. “All Ryanair flights to/from Ukraine have been suspended for at least the next 14 day […] and all flights to/fromUkraine [...]