Macron and Le Pen rematch over France’s global voice: in the choir or a monologue April 12, 2022 As Emmanuel Macron and Marine Le Pen prepare to face off in the final round of France’s presidential election, most French voters (like voters anywhere) will probably be thinking more about their own economic situation than events in other countries. Russia’s invasion of Ukraine may still be in the headlines, but after a month it [...]
Revealed: Coinbase takes top spot in crypto exchange rankings April 11, 2022 Crypto exchange Coinbase has been crowned as the lowest risk marketplace for trading digital assets by research firm Cryptocompare.
Mothercare delays pension deficit payments after disruption of Russian operations April 11, 2022 Mothercare said it would be posting a higher than expected profit on Monday. In a pre-close trading update, the baby-clothes seller said it expected that EBITDA before adjusting items would be in the range of £11.5m to £12m for the year to 26 March. The retailer’s share price fell by a dramatic seven per cent [...]
Lawyers struggle to get government permission to let sanctioned Russians pay legal fees April 11, 2022 LAWYERS working for sanctioned oligarchs are floundering in their efforts to get paid for their work, due to struggles in obtaining permission from the UK government to let their sanctioned clients pay. The UK government has received 15 separate applications for permission to temporarily lift sanctions so that sanctioned Russian clients are able to pay their [...]
Ukraine braces for renewed Russian offensive in the East April 11, 2022 Vladimir Putin is gearing up for a renewed offensive in the East of Ukraine as the town of Mariupol braces for what could be its last stand against Russian forces. Ukrainian President Volodymyr Zelensky today said “we are ready” for Russia’s push to take the entire Donbas region, which the Kremlin hopes will rejuvenate its [...]
Oil prices slump below $100 as IEA floods market and Shanghai lockdown cuts demand April 11, 2022 Oil prices have plummeted four per cent on both major benchmarks, with prices below $100 per barrel again after last month's rallies.
Ukraine’s president Zelensky: ‘Tens of thousands’ are dead in eastern city of Mariupol April 11, 2022 “Tens of thousands” have been killed in the besieged eastern Ukrainian city of Mariupol, the country’s president has claimed. Vlodymyr Zelensky made the remarks while addressing South Korea’s parliament virtually, pleading for more help “if we are to survive” the Russia onslaught. This comes after the Boris Johnson visited Kyiv on the weekend to offer [...]
Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin April 11, 2022 Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. In a letter to Rishi Sunak, the Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS [...]
Investors question ESG label in wake of Ukraine war April 11, 2022 Top investors are reconsidering environmental, social and governance investment strategies as scrutiny of the label grows in the wake of Russia’s invasion of Ukraine.
‘Cosmic’ borrowing costs stop Russian bond sales as debt teeters on brink of default April 11, 2022 “Cosmic” borrowing costs have forced Russia to stop bond sales for the rest of the year, as its debt teeters on the brink of defaulting. Sanctions on the Kremlin continued to bite, as its finance minister revealed drastic action this week. This comes after Western sanctions forced it to pay bondholders in roubles, despite it [...]