Diesel prices climb to record levels as cost-of-living crisis escalates May 16, 2022 Diesel prices have soared to record levels, piling pressure on motorists amid spiralling inflation and a deepening cost of living crisis.
Russia-Ukraine war generates new headwinds for European economy May 16, 2022 Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns over supply security following Moscow sending troops into Ukraine are set to strain households and businesses on the Continent. High input prices are likely to weigh on production, while elevated [...]
Russia using cryptocurrencies to avoid sanctions – reality or myth? May 16, 2022 Crypto AM columnist Jonny Fry examines Russia's use of cryptocurrency, and can Moscow use it to swerve sanctions?
Closing down: McDonald’s starts removing golden arches across Russia as its 850 restaurants are up for sale May 16, 2022 McDonald’s has become the latest major western corporation to exit Russia since it invaded Ukraine in February, as the burger chain confirmed this morning it has started the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people. The fast food giant pointed to the humanitarian crisis caused by the war, [...]
Trade war fears grow as Boris Johnson issues final Brexit warning to EU: If Brussels does not give in Britain ‘will act’ May 16, 2022 As Boris Johnson prepares for a visit to Northern Ireland later today, the Prime Minister has warned the EU the UK will have a “necessity to act” if the Brussels is unwilling to reach a compromise in the deepening crisis over the Northern Ireland Protocol. The Prime Minister – who travels to Belfast today for [...]
Hope and excitement in Kyiv as Ukrainian troops reach Russian border: Retreat is embarrassment for Putin May 16, 2022 Ukraine is hit by a wave of hope and excitement this morning as its troops have reached the border with Russia. Troops defending the city of Kharkov claim to have pushed back Russian troops to the Ukraine-Russia border. Ukrainian authorities released a video in which a military unit poses in front of a boundary marker. [...]
Tech firm behind NHS’ covid data system moves security operations to UK amid Kremlin cyber attack fears May 16, 2022 Fears of a Russian cyber attack has forced the firm behind the NHS’s vaccine rollout to move permanently to Britain. Palantir is taking its security operations away from the United States to the United Kingdom, amid concerns about the Kremlin launching an attack on cables laid under the Atlantic Ocean, according tot he Telegraph. The [...]
Russian hackers blocked from halting Ukraine’s Eurovision win May 16, 2022 Italian police confirmed yesterday that pro-Russian hackers attempted to stop Ukraine's Eurovision win on Saturday evening.
Exclusive: Ukraine war puts major dent in derivative margin costs May 15, 2022 The war in Ukraine has caused huge increases in margin across derivatives markets, with firms having to find new sources of financing or reducing their positions in order to meet the collateral requirements from brokers, The margin rate for Brent Crude futures on Intercontinental Exchange (ICE) now stands at over $10,00 per lot. With the [...]
Chelsea can’t afford to be ruthless with Thomas Tuchel despite the club’s season fizzling out May 15, 2022 A season that started so promisingly for Chelsea has, following Saturday’s FA Cup final defeat by Liverpool, ended up being one to forget. At the end of October they were three points clear at the top of the Premier League and all the talk was about whether Thomas Tuchel could crack Manchester City and Liverpool’s [...]