Russians relaunch attacks on Kyiv as Putin doubles down on Ukraine war tactics January 14, 2023 Russian missile attacks hit critical infrastructure in Kyiv and the eastern city of Kharkiv on Saturday morning, officials said, and the governor of another region warned that a massive missile strike could follow in the coming hours. Reuters journalists heard a series of blasts in Kyiv before the air raid siren even sounded, which is [...]
Putin shuffles Kremlin pack as Moscow infighting rages and mercenary Wagner group claims a victory January 13, 2023 As Russian troops wage a ferocious house-to-house fight for control of strongholds in eastern Ukraine, a parallel battle is unfolding in the top echelons of military power in Moscow, with President Vladimir Putin reshuffling his top generals while rival camps try to win his favour. The fighting for the salt mining town of Soledar and the nearby [...]
UK review of ‘golden visas’ finds risk of links to corruption among wealthy foreign investors January 12, 2023 A “small” number of wealthy foreign investors were “potentially at high risk” of having links to corruption or serious organised crime, a review of so-called golden visas has found. Home Secretary Suella Braverman set out the findings after the government shut down the tier 1 investor visa route last year over security and financial crime concerns. Those eligible for the visa, [...]
Asos’ UK sales slip as analysts warn firm has a “mountain to climb” January 12, 2023 Pandemic darling Asos reported a further decline in UK sales this morning, with the fast fashion flagship’s boss insisting the firm was making good progress on a turnaround plan. UK sales slipped eight per cent year on year in the four months into December 31, with the firm blaming “weak consumer sentiment.” Fast fashion firms, [...]
Got the minerals? China’s control of key metals poses challenges for green transition, IEA warns January 12, 2023 China's dominance over tight supply chains could jeopardise the global shift to green technology, warned a leading climate body.
Ed Warner: The row over sport banning Russian players will be even bigger in 2023 January 12, 2023 Wimbledon will be here before we know it. Expect the debate about banning Russian and Belorussian stars to start soon. The tug of war over the two bellicose nations’ participation at next year’s Paris Olympics and Paralympics has already begun. Schisms within sports and between their leaders and politicians are inevitable. Last year, backed (or [...]
Global cost-of-living crisis risks ‘dire consequences’ for planet as firms ditch climate concerns January 11, 2023 The global cost-of-living crisis threatens to railroad efforts to combat climate change, “potentially leading to dire planetary and societal consequences,” the World Economic Forum (WEF) warned today. Soaring energy and food prices are forcing governments and private businesses to turn to cheaper, often dirtier resources to produce goods and services. As a result, “the risks [...]
What’s the best way to make up for the metals supply shortfall? Look down. January 11, 2023 It’s been a rough couple of years for metal producers. Sky-high demand, factory closures, and supply chain disruption have resulted in a shortfall in supply. A quick post-Covid bounce back in demand should’ve resulted in producers scaling production back up to meet demand. However… Inflation has taken hold of every industry worldwide: the cost of [...]
The Cost of Living Crisis Is Not Just Local, It’s Global. We Need a Global Mindset to Tackle It. January 11, 2023 The cost of living crisis is being felt by everyone – people on the breadline are now in poverty, those once well-off are now counting their coppers. This might be the picture for most in developed countries, however developing markets have largely been unaffected by Covid and inflation linked to the Russian conflict. With only [...]
Is ESG facing an existential crisis? What could be next for sustainable investing… January 11, 2023 It’s been a rough year for ESG – Russian oil companies qualify as sufficiently environmentally and socially responsible to receive ESG funds. Sam Bank-Friedman’s bankrupted FTX crypto enterprise has a higher ESG score on ‘leadership and governance’ than Exxon/Mobil. In light of the discovery of controversial ESG fund allocation, it is vital ESG undergoes a significant [...]