Russia dodges default after paying debts in US dollars April 30, 2022 Russia has paid $649m worth of interest payments using its US currency reserves, in a bid to avoid a default. The payments come after Russia said it would only repay its debts in its own currency, as it claimed sanctions were blocking it from paying in dollars. The Russian Federation has now sent $649m in [...]
Tennis legend Boris Becker jailed: The dramatic rise and fall of a world champion April 30, 2022 A dramatic fall from grace for tennis legend Boris Becker, as he was jailed for two-and-a-half years yesterday for trying to hide £2.5m in assets and loans. As Becker starts his prison sentence, City A.M. zooms in on the turbulent and colourful life of the three-time Wimbledon champion. Boris Franz Becker was born in Leimen, [...]
ExxonMobil trebles buyback scheme after $3.4bn Russia write-down April 29, 2022 Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Oil prices recover as Germany lifts opposition to Russian import ban April 29, 2022 Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand in China.
Germany ‘won’t stand in the way’ of EU ban on Russian oil imports April 29, 2022 Germany has dropped its opposition to a potential European Union (EU) ban on Russian oil imports after weeks of resisting the move.
Government doubles support for high energy businesses as energy crisis deepens April 29, 2022 The government is boosting support for high energy usage businesses, amid spiralling energy costs and record power prices.
Fury in Brussels: Germany caves in to Russia’s rouble demands April 28, 2022 Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy crisis deepens.
Putin to ‘lay the groundwork for an announcement to cover his failure’ and admit Ukraine is a war April 28, 2022 The UK Defence Secretary said this morning that people should not be “too alarmed” by the Russian president’s warning that countries intervening in the Ukraine war will be met with a “lightning-fast” response. Ben Wallace told BBC Radio 4’s Today programme that Vladimir Putin has made similar threats before and was trying to “lay the [...]
Mastercard records surge in spending as global covid restrictions ease April 28, 2022 Payments giant Mastercard recorded a surge in spending on its network in the first three months of the year as consumers splurged on holidays and shopping as global covid restrictions were eased.
Watchdog unveils plans for fund ‘side pockets’ to shield investors April 28, 2022 The UK’s top financial watchdog has revealed plans for the use of so-called fund ‘side pockets’ today to ring fence assets that have become untradeable in the wake of Russia’s invasion of Ukraine.