UK impounds aircraft following new round of aviation sanctions against Russia March 9, 2022 Transport Secretary Grant Shapps said today UK authorities had impounded an aircraft following a new round of aviation sanctions against Russia. “There is one such aircraft on the ground at the moment at Farnborough that I’ve essentially impounded whilst we carry out further investigations for the last few days – and it’s very important that [...]
We have weakened the very systems of international law we need to restore peace in Ukraine March 9, 2022 In the global and regional corridors of power, Russia’s place – as the successor to the Soviet Union – has made international diplomacy appear impotent. There has been continued human rights abuses abroad and on its own soil, and under Vladimir Putin’s leadership, there has been an almost total disregard for national sovereignty over the [...]
As government debt jumps to fund defence spending, our economy will pay the price March 9, 2022 Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes [...]
Offshore energy body to help ensure security of supply as UK divests from Russian oil March 8, 2022 Trade association Offshore Energies UK (OEUK) is committed to working with the government to ensure secure energy supplies.
McDonald’s and Unilever cut ties with Russia after boycott calls March 8, 2022 Fast food titan McDonald’s has announced the temporary closure of its Russian venues while Unilever also said it would suspend operations. The announcements come after social media users had called for boycotts of companies refusing to cut ties with the country in recent weeks. McDonald’s said it would be pausing operations in Russia amid the [...]
Crypto exchange Coinbase blocks 25,000 Russian accounts March 8, 2022 Crypto exchange Coinbase has blocked 25,000 accounts linked to Russian individuals and businesses.
Global markets finally cool after series of volatile sessions March 8, 2022 Global stock markets were a bit calmer today, allowing investors who have been involved in a series of severely volatile sessions since Russia sent troops into Ukraine to breathe a sigh of relief. The capital’s premier FTSE 100 index inched 0.07 per cent higher to close at 6,964.11 points, while the FTSE 250 index, which [...]
Zelensky invokes Churchill as tells MPs ‘we will fight in the forests, in the fields, on the shores, in the streets’ March 8, 2022 Volodymyr Zelensky invoked Winston Churchill’s most famous speech in a historic address to the House of Commons today, telling MPs “we will fight in the forests, in the fields, on the shores, in the streets” and that “we will not lose”. In the first ever address by a foreign leader in the Commons, the Ukrainian [...]
The City View: US and UK boycott Russian oil, and Susannah Streeter and Michael Hewson on inflationary pressure March 8, 2022 Today Andy Silvester sits down for a chat with Hargreaves Lansdowns’ Susannah Streeter and CMC Markets’ Michael Hewson. They discuss trading being suspended on the London Metal Exchange after a record price spike in nickel; the Bank of England assessing inflationary pressures; and a whole mélange of financial woes for Brits as energy bills, taxes, [...]
Binance chief executive drops plans to snap up Chelsea FC March 8, 2022 Binance has reportedly ruled out a takeover of football club Chelsea after discussing the proposition last week.