UK financial watchdog sounds alarm over Binance deal March 7, 2022 The Financial Conduct Authority has issued a warning about a deal giving Binance de facto control of a UK regulated firm.
Ukraine crisis highlights Europe’s dependency on Russian gas March 7, 2022 Russia is currently facing the ire of the world following its illegal invasion of Ukraine, which is bringing misery to millions. It is also the second largest producer of natural gas in the world. It serves European consumers of energy through a number of pipelines. Proximity and the ease of transport means supplies from the [...]
Gold smashes $2000 barrier as investors rush for steady ground March 7, 2022 Gold prices surged to their highest level since August 2020 today as investors rushed for steady ground amid another day of global market turmoil.
Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies March 7, 2022 Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm earlier today.
Russia to be hit harder than West from impact of sanctions on trade March 7, 2022 Russia will be hit harder in the long term than the West from the impact of sanctions on global trade, said German think tank the Kiel Institute for World Economy. According to a model simulation published alongside the Austrian Institute of Economic Research (WIFO), a trade war with the West – US and Europe – [...]
Anonymous hack Russian TV urging public to oppose Ukraine invasion March 7, 2022 The notorious hacker group Anonymous hacked Russian streaming services last night, including the live TV channels Russia 24, Channel One, and Moscow 24. Taking control of the channels, the group showed clips of the Russian invasion of Ukraine. “The hacking collective #Anonymous hacked into the Russian streaming services Wink and Ivi (like Netflix) and live [...]
Asset manager Carmignac announces plans to scrap Russian investments March 7, 2022 French asset management firm Carmignac announced today it would scrap its Russian investments and not invest any further in Russian firms, as asset managers scramble en masse to sever their ties to the country following its invasion of Ukraine.
PM denies he overruled Mi5 and Mi6 to get Russian billionaire Lebedev a peerage March 7, 2022 Boris Johnson has today flatly denied claims he intervened to get his Russian billionaire friend Evgeny Lebedev a life peerage, after warnings from security services. Johnson said it’s “not the case” he told the independent House of Lords Appointments Commission (Holac) that its assessment the media mogul should not get a peerage – after warnings [...]
Oil hits 14-year highs and closes in on $130 per barrel amid fears of tightening supplies March 7, 2022 Oil prices soared to $130 per barrel earlier this morning - its highest level since 2008 - amid supply fears.
Crypto exchange FTX plots global expansion with launch of European arm March 7, 2022 Crypto exchange FTX has unveiled plans to launch a new European division as it pursues global expansion.