Russia’s ‘most favoured nation’ trade status to be revoked by US and EU today March 11, 2022 US President Joe Biden is expected to announce today that, along with the European Union and the Group of Seven countries, the US will move to revoke “most favoured nation” trade status for Russia over its invasion of Ukraine. That is according to a source familiar with the matter who spoke on the condition of [...]
Ukraine: 40-mile Russian convoy fans out into towns and forests around Kyiv with artillery into firing position March 11, 2022 A massive convoy outside the Ukrainian capital has split up and fanned out into towns and forests around Kyiv, according to new satellite photos, with artillery pieces raised into firing position in a potentially ominous movement of the Russian military. Satellite imagery from Maxar Technologies showed that the 40-mile convoy of vehicles, tanks and artillery [...]
Exclusive: HSBC customers threaten to switch banks unless it cuts Russian oil ties March 11, 2022 More than 1,700 HSBC customers have written to the bank urging it to cut its ties with Russian oil and gas businesses, research shared exclusively with City A.M. has revealed. It comes amid lingering controversy over HSBC’s backing of China’s national security law as it was imposed in June 2020 and has stamped out many [...]
China refuses to send plane parts to Russia March 11, 2022 China has refused to send plane parts to Russia, in a surprise move for the “iron clad” pair. Head of the Airworthiness Maintenance Department of Rosaviatsiya, Valery Kudinov, said that airlines should negotiate purchases separately, as China has refused to supply certain components. “Part of the fleet will be returned,” Kudinov was quoted as saying [...]
Boris Johnson to ask Brits to open their homes to some of the 2.2m Ukrainians fleeing Russian invasion March 11, 2022 The British public will be asked by the government to open their homes to Ukrainians fleeing the fighting in their country amid continuing criticism of its response to the refugee crisis. Levelling Up Secretary Michael Gove will set out on Monday details of a new “sponsored” humanitarian route to allow Ukrainians without family links to [...]
We need to hold our nerve on green levies as the energy crisis starts to bite March 11, 2022 Disruption in the energy markets is set to drive up bills for every family and business in Britain. With gas prices in the UK recently reaching an all-time high, the consumer impact will be profound. Millions of households are expected to see annual energy bills of £3,000, and many face fuel poverty in an escalating [...]
Three Mobile suspends £40m Chelsea sponsorship amid Abramovich sanction March 10, 2022 Mobile giant Three has said it is reviewing its £40m sponsorship of Chelsea following the UK's sanction of owner Roman Abramovich.
Lib Dems call for £18bn cut to VAT to ease cost of living crunch March 10, 2022 The Liberal Democrats are calling for an £18bn VAT cut that would see the rate slashed from 20 to 17.5 per cent in a bid to ease the cost of living crunch on British households. The Lib Dems say the new policy proposal, released on the eve of the party’s spring conference, would save households [...]
Fit and proper? Time for a regulator to fix football’s broken market March 10, 2022 The word unprecedented is thrown around a lot, and often, it’s overdone. But it has to be said that a major Premier League club being pseudo-nationalised due to its Russian owner’s links with a warmongering dictator in eastern Europe is not something we remember happening all that often. In the immediate term, it is not [...]
Oil prices to remain high despite ‘unprecedented’ volatility March 10, 2022 Oil prices have gone on a wild journey this week - with prices fluctuating amid escalating conflict in Ukraine.