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  • London indexes slump amid Russia-Ukraine escalation

    February 21, 2022

    London’s top indexes plunged yesterday as investors were spooked by an apparent escalation in Russia-Ukraine tensions. The capital’s premier FTSE 100 index lost 0.39 per cent to dip to 7,484.33 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.24 per cent to 21,097.19 points. [...]

  • Oil remains well above $90 per barrel amid looming prospect of war in Ukraine

    February 21, 2022

    Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.

  • UK defence secretary sounds alarm as Russian troops amass on Ukraine border

    February 21, 2022

    Britain's defence secretary has warned that Russia is building up troops along Ukraine's border amid fears an invasion is immanent.

  • Bitcoin dips as crypto markets spooked by threat of war

    February 21, 2022

    The crypto markets took a tumble over the weekend, with investors continuing to look jittery about the situation on the Ukraine border.

  • Russian finance ministry splits from Central Bank over crypto

    February 21, 2022

    Russia is preparing to regulate the use of digital assets with a new crypto bill, despite Central Bank calls for an outright ban.

  • Crypto Exchanges compete in Super Bowl Debut as JPMorgan Enters Metaverse

    February 21, 2022

    The price of Bitcoin dropped this week amid fears a Russian invasion in Ukraine could spark large-scale military conflict.

  • U.S. plans to sever ties with Russian banks if Ukraine is invaded

    February 21, 2022

    The US has lined up a package of sanctions to slap on Russian financial institutions in the event of an attack on Ukraine, including barring US financial firms from processing transactions for major Russian banks.

  • While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments

    February 21, 2022

    The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports. Somerset Capital, in which Rees-Mogg holds a 12 per cent stake, reportedly invested £5.7m on behalf of clients in a company that potentially faces [...]

  • Biden agrees to meeting with Putin while 7,000 more Russian troops arrive on border with Ukraine

    February 21, 2022

    US president Joe Biden has agreed “in principle” to a meeting with Vladimir Putin, provided Russia holds off on what American officials believe is an imminent assault on Ukraine. White House press secretary Jen Psaki said the US administration has been clear that America is “committed to pursuing diplomacy until the moment an invasion begins”. [...]

  • Disbelief Home Office is scrapping ‘Golden visas’ for wealthy foreign as scheme raked in £17bn

    February 21, 2022

    Industry experts have responded with disbelief to last weeks’ news that the Government is set to scrap a visa scheme that offers investors fast-track residency in the UK as ministers come under mounting pressure to sever economic ties with Russia. The fast-track investor scheme, introduced in 2008, was designed to tempt wealthy investors from outside [...]

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