The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
Oil holds firm from December rally as Putin ramps up pressure on the West January 3, 2023 Oil prices are holding firm this morning, seemingly consolidating last week's rally which saw both benchmarks trading at a month high.
Barracks blast leaves 63 Russians dead as pressure on Putin grows over war in Ukraine January 3, 2023 A blast which killed 63 Russians in a temporary barracks has once again ignited anger at home – with nationalist bloggers putting pressure on Kremlin top brass and Vladimir Putin Russia acknowledged on Monday that scores of its troops were killed in one of the Ukraine war’s deadliest strikes, drawing demands from Russian nationalist bloggers [...]
Amid a recession and a cost of living crisis, there are still reasons to be cheerful on the economy January 3, 2023 A recession and a cost of living crisis will dominate the headlines, but it's not all bad news for the UK economy, writes City A.M. economics correspondent Jack Barnett
Ukraine says 63 Russian soldiers were killed in strike on military base January 2, 2023 Some 63 Russian soldiers have been killed by a Ukrainian strike on a military facility in the eastern Donetsk region. Ukrainian forces fired six rockets from a HIMARS launch system and two of them were shot down, a Russian defence ministry statement said. The strike, using a US-supplied precision weapon that has proven critical in [...]
Ukraine shoots down wave of Moscow’s Iranian-made exploding Kamikaze drones January 2, 2023 Russia has deployed exploding drones in another night-time attack on Ukraine, officials said, as the Kremlin pressed its strategy of targeting civilian infrastructure to wear down resistance to its invasion. The barrage was the latest in a series of relentless year-end attacks, including one that killed three civilians on New Year’s Eve. According to the [...]
Britain launches £75m nuclear fuel fund in renewed bid to wean UK off Russian energy January 2, 2023 The UK will continue to wean itself off dependence on Russian energy by ramping up nuclear fuel investment by £75m a year. Minister of State for Energy and Climate Graham Stuart announced the increase as the Kremlin’s war against Kyiv moves into 2023, and Europe looks to further isolate Moscow. The government will back nuclear [...]
BP, Unilever, and HSBC have failed to properly exit Russia after Ukraine war, new report warns January 2, 2023 Three FTSE 100 companies – HSBC Holdings, Unilever, and BP – have been named as members of a “dirty dozen” of high-profile multinationals still heavily involved in Russia. The three UK headquartered companies have failed to properly exit Russia in the wake of Putin’s invasion, according to a new report by the Moral Rating Agency [...]
‘Ramp up’ arms production to defend Ukraine against the Kremlin, Nato chief says January 1, 2023 Western allies need to “ramp up” arms production in the coming months to ensure Ukraine is kept fully supplied in its war against Russia, the secretary-general of Nato has said. Jens Stoltenberg said the conflict is consuming an “enormous amount” of munitions, amid signs that President Vladimir Putin is digging in for the “long haul”. [...]
Putin’s forces shell Ukraine as war continues in 2023 January 1, 2023 Ukrainians have had a grim start to 2023, with yet more sirens and fresh missile attacks on their territory, as the death toll from Russia’s massive New Year’s Eve assault across the country climbed to at least three. Night-time shelling that battered parts of the southern city of Kherson killed one person, wounded another and [...]