UK ponders more tanks as Putin’s war enters 11th month and Russia claims victories in eastern Ukraine January 20, 2023 Russia claims to have captured a village in its intense, months-long push toward the eastern Ukraine city of Bakhmut. It comes as military analysts said tanks, which could be sent by Kyiv’s western allies, would not be a magic wand in the 11-month war. Russian Defence Ministry spokesman Igor Konashenkov told a regular media briefing [...]
‘Hundreds of thank yous are not hundreds of tanks’: Ukraine’s president Zelensky pleads for help against Putin January 20, 2023 Ukrainian President Volodymyr Zelensky has appealed to western allies to speed up the delivery of military support – including badly needed heavy armour – in his country’s struggle against the Russia invader. In an address to a pledging conference at the US airbase in Ramstein, Germany, he urged assembled defence ministers to agree in “principle” [...]
Explainer: Why are the super rich leaving London? January 20, 2023 And why did the extra-rich settle down in London in the first place?
Why former Nato chief Lord Robertson told Parliament Britain is now at war with Putin’s Russia over Ukraine January 19, 2023 Britain is at war with Russia over Ukraine, a former Nato chief has told Parliament. The stark assessment was made by Lord Robertson of Port Ellen as he welcomed the support being provided to the Kyiv government, including the sending of 14 Challenger 2 tanks. The Labour former defence secretary also expressed the hope the [...]
McDonalds and Nissan could buy back Russian subsidiaries as it is revealed most Western corps have failed to exit the country January 19, 2023 The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions [...]
Putin ally Medvedev admits Russia could lose Ukraine War – and threatens nuclear response January 19, 2023 Former Russian President Dmitry Medvedev, an ally of Kremlin chief Vladimir Putin, warned the North Atlantic Treaty Organization (NATO) on Thursday that the defeat of Russia in Ukraine could trigger a nuclear war. Since Russia invaded Ukraine, Medvedev has repeatedly raised the threat of a nuclear apocalypse, but his admission now of the possibility of [...]
Davos round-up: Goldman’s consumer banking headache, Big Tech layoffs and Germany’s green drive January 18, 2023 As some of the world’s most important CEOs, politicians and thinkers gather at the World Economic Forum in Davos to discuss an array of economic, political and social challenges, City A.M. wraps up some of the top lines from the day. Goldman Sachs’ consumer banking headache Goldman Sachs’ foray into consumer banking has not gone [...]
Total Energies to cough up £1.7bn to pay off hiked windfall taxes January 18, 2023 French oil major TotalEnergies has confirmed it will take a £1.7bn hit in the fourth quarter from EU and British windfall taxes.
City analysts betting on Bank of England interest rate cuts by early 2024 – as long as inflation falls quickly January 18, 2023 The Bank of England could cut interest rates as soon as early next year if inflation continues to tumble in 2023, top City analysts have predicted. The rate of price increases is forecast to more than halve which would bring inflation to below five per cent by the end of 2023, according to forecasts from [...]
Oil be damned: Global demand for oil set to hit all-time high this year as China reopens January 18, 2023 Global oil demand will reach a record high this year, and rise by nearly 2m barrels per day this year, as China eases pandemic restrictions.