Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
BP rebounds with soaring underlying profits as calls for windfall tax escalate May 3, 2022 BP has raked in massive underlying profits across its oil and gas operations over the first three months of 2022 amid soaring energy prices.
Russian broadcaster claims two captured Brits could face ‘death penalty’ May 3, 2022 A Russian television presenter has claimed two captured Brits may face the death penalty for fighting on the Ukrainian side int he war. The broadcaster , Rossiya 1, aired footage in the occupied Donetsk region, which Russia claims to have control over, and is rumoured to be planning an ‘independence’ referendum for. The two captured [...]
‘Huffy liver sausage’: Ukraine’s envoy in Germany hits out at ‘unstatesmanlike’ Chancellor Sholz over refusal to visit Kyiv May 3, 2022 Germany’s chancellor has been accused of being a “huffy liver sausage” by Ukraine’s ambassador in Berlin, after the world leader refused to visit Kyiv. Olaf Sholz was criticised by the Ukrainian diplomat as relations between the two countries continue to sour – with disagreements over arms, oil and relations with Russia. The chancellor, who took [...]
Credit Suisse sued over links with Russian oligarchs May 3, 2022 New York law firm Pomerantz has filed a class action lawsuit against Credit Suisse, over claims the Swiss bank misled investors as to its dealings with Russian oligarchs. The lawsuit comes after shares in Credit Suisse dropped 2.58 per cent on 28 March, in response to reports claiming the investment bank has carried out extensive [...]
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.
Westminster has much to learn from the resilience of post-pandemic London May 3, 2022 Last week the City AM Awards 2022 were held in the Guildhall, the ancient seat of government for the City of London. There was an air of celebration, and many dinner jackets and evening gowns were being worn for the first time in months, if not years. There was unanimity on the message which everyone [...]
A withering trade relationship with Latin America should be restored for the planet May 3, 2022 Diplomats from across the world gathered at the Mansion House last week for the Easter Banquet – the first to be held since the pandemic – amid the escalating crisis in Ukraine. The occasion underlined how much the City of London is part of the UK’s diplomacy, its international influence and its soft power. It [...]
Hungary and Slovakia could be spared from Russian oil import ban amid EU divisions May 2, 2022 The European Commission could spare Hungary and Slovakia from an upcoming embargo on buying Russian oil.
Government weighs up extending life of Hinkley Point B as energy crisis deepens May 2, 2022 Business Secretary Kwasi Kwarteng is open to extending the life of nuclear power plant Hinkley Point B amid increasing focus on energy security.