Zara and Burberry shut shops in Russia while John Lewis looks to ‘mitigate exposure’ to country March 6, 2022 Fashion powerhouses have halted trading in Russia following its invasion of Ukraine, citing “operational challenges”. Luxury goods maker Burberry has temporarily shuttered its three stores in Russia, The Times reported. According to the newspaper, the designer brand’s spokesperson said Burberry would continue to monitor developments and declined to address the invasion directly. It comes after [...]
Ukraine invasion: Zelensky warns Russia gearing up for ‘historic’ attack on Odessa March 6, 2022 Russia is preparing to unleash an “historic” attack on the major Ukrainian city of Odessa in the coming days, according to Volodymyr Zelensky. Zelenksy said during a Facebook broadcast today that Putin will soon drop “bombs against Odessa”, a key port city in Ukraine’s south, and that this “will be an historic war crime”. Around [...]
Russia takes BBC World News off air March 6, 2022 BBC World News has been taken off air in Russia as Putin’s government retaliates to Western boycotting. As the global news channel for the broadcaster, Russians will no longer be able to access the channel or the BBC content. It comes after media watchdog Ofcom said that it had opened a further 12 investigations into [...]
Tanker docks in France as UK workers protest Russian oil March 6, 2022 UK dock workers refused to unload a tanker of Russian gas yesterday in protest at the country's invasion of Ukraine.
Cheap Chinese tires blamed for Russian convoy unable to reach Kyiv March 6, 2022 Cheap Chinese tires have been blamed for a Russian convoy of armoured vehicles being unable to reach Kyiv.
Lord Barker under pressure to cut ties with EN+ Group despite restructuring plans March 6, 2022 Lord Barker is facing increasing pressure from politicians to cut links with En+ Group following Russia's invasion of Ukraine
BNP Paribas warns employees against Ukraine comments on social media March 6, 2022 Employees at BNP Paribas have been warned against commenting on the Ukraine crisis, as Western nations continue to ramp up sanctions on Russia. According to reports from the Sunday Telegraph, bankers have been told to caveat social media posts, with the firm suggesting that they need to flag the fact that their words represent their [...]
Europe will struggle to cut Russia out of energy plans warn experts March 6, 2022 Europe will find it hard to reduce its reliance on Russian gas, and the continent remains vulnerable to skyrocketing prices, warns experts.
Sadiq Khan: Sell Russian oligarchs’ property and luxury goods to fund Ukraine aid March 6, 2022 The Mayor of London has urged ministers to immediately seize the assets of Russian oligarchs and sell them to fund support to Ukraine. Sadiq Khan has said property and possessions belonging to Putin allies should be seized before these Russians can have a ‘fire sale’ to dodge sanctions. The Mayor has called for possessions such [...]
Week ahead: Fears over Russia-Ukraine escalation to loom over City March 6, 2022 An intensification in the Russia-Ukraine war will drive investors’ moves this week in the City. The capital’s premier FTSE 100 index had a torrid time last week, losing nearly seven per cent of its value, its worst week since March 2020 when the UK was plunged into lockdown. Traders were spooked by the potential economic [...]