European Central Bank marks first rate rise in over a decade with shock 50 basis point move July 21, 2022 The European Central Bank (ECB) today marked its first interest rate rise in over a decade with a shock 50 basis point move. The biggest inflation surge in the eurozone since the creation of the single currency in 1999 forced President Christine Lagarde and co to launch the bigger hike. The Continent’s monetary authority has [...]
Reduced flows return to Nord Stream pipeline as winter crisis looms across Europe July 21, 2022 Nord Stream 1 has begun pumping gas into Europe again, following a 10-day outage this month, but fears remain over supply shortages this winter.
Charlotte Ross stands down as acting editor of the Evening Standard with Jack Lefley taking the reins July 20, 2022 Charlotte Ross has stood down from her role as acting editor, just nine months after taking the top spot from Emily Sheffield.
EU calls on member states to cut gas usage 15 per cent amid fears Russia will turn off the taps July 20, 2022 The European Union (EU) has urged member states to cut gas usage by 15 per cent until heading into winter to stave off shortages from Russia.
British passport sixth most powerful in the world while EU states dominate top ranks July 20, 2022 The British passport is the world’s sixth most powerful with visa-free or visa on-arrival access to 187 countries. The UK passport was one place ahead of the US at 186 countries, while EU states dominated much of the top rankings, data from Henley & Partners’ 2022 Henley Passport Index showed. Germany and Spain were joint third, [...]
European market plunge is opportunity for bargain hunters, say BlackRock analysts July 20, 2022 A plunge in the value of European equities has presented an opportunity for bargain-hunting investors to snap up stocks, a BlackRock investment chief said today.
EU braces for supply shortages amid growing doubts over Nord Stream gas flows July 19, 2022 The executive arm of the European Union has raised the prospect of supply shortages this winter, revealing it does not expect NS1 to come back online.
Clifford Chance partners see pay packets surge to record highs of more than £2m July 19, 2022 Partners at Clifford Chance are set to see their pay packets surge to £2m for the first time in the law firm’s history after the Magic Circle law firm revenues surged by 8 per cent to highs of £1.97bn. Clifford Chance’s equity partners will take home a record £2.04m this year after the law firm’s [...]
Kremlin’s grip on Kyiv: Chaos and mass exodus at Ukrainian security services as Zelensky fires dozens of officials for treason July 19, 2022 Only a day after two senior Ukrainian officials were dismissed over allegations that their agencies harboured “collaborators and traitors”, the country’s President Volodymyr Zelensky has expanded the shakeup of his security services on Monday by suspending 28 more officials. In his nightly video address, Zelensky said a “personnel audit” of the Security Service of Ukraine [...]
Lawyers circle London Metal Exchange after nickel market meltdown July 19, 2022 London Metal Exchange is preparing to fend off a bevy of legal challenges from the US after it sensationally halted nickel trading earlier this year.