Russian regulator retaliates against Ofcom with legal checks on BBC December 21, 2018 Russia's media regulator has said it will carry out checks on the BBC following an announcment from Ofcom that it was considering imposing sanctions on Russian state-financed media service RT. The Russian regulator, Roskomnadzor, released a statement on Friday saying it would check whether the BBC's World Service and internet sites complied with Russian law. “The results of our check [...]
Here are all the predictions I got wrong in 2018 December 21, 2018 I should have given up making predictions in June 2017. Three months earlier, I had spoken at a conference on Brexit and suggested that the best way forward for Theresa May would be to call a snap election and strengthen her negotiating hand. I don’t know how the Prime Minister got word of my advice, [...]
Vladimir Putin says UK and Russia must break ‘deadlock’ in sour relations December 20, 2018 Vladimir Putin has held his annual press conference in which he said Russia and Britain must get out of the "deadlock" in the sour relations. The Russian president said he was interested in restoring "full relations" with Britain, which has imposed sanctions on Russia over the poisoning of former spy Sergei Skripal and his daughter [...]
RT broke broadcasting rules on impartiality, says Ofcom December 20, 2018 Kremlin-funded broadcaster RT broke impartiality in news programmes after the Salisbury novichok poisoning in March, Ofcom said today. The media regulator said RT, formerly known as Russia Today, failed to preserve due impartiality in seven news and current affairs programmes over a six-week period. “Taken together, the seven breaches represent a serious failure of compliance with [...]
For Facebook, Apple, Amazon, Netflix and Google, 2018 was the year when trust in the tech giants evaporated December 20, 2018 The Faangs (Facebook, Amazon, Apple, Netflix, and Google-owner Alphabet) have been the darlings of the stock market for years. These tech giants have helped to change how we shop, communicate, work – even how we watch movies. But as they have grown in size, fears have also grown, especially about what they may do with so [...]
The Ghost of Christmas Past could tell us where the negotiations all went wrong December 19, 2018 In Charles Dickens’ A Christmas Carol, Scrooge finds being haunted by the Ghost of Christmas Past unbearable. He begs it to stop. The Ghost replies: “These are the shadows of things that have been. That they are what they are, do not blame me.” It might almost be the Prime Minister speaking about the whole [...]
Oil prices drop to lowest level in a year amid increased US and Russian output December 18, 2018 Oil prices dropped sharply this morning to their lowest point in over a year as US output looks set to reach 8m barrels per day by the end of 2018. International standard Brent crude fell off a cliff at around 9am UK time, plummeting around four per cent to $57.27 per barrel. However it later [...]
European politicians blast Gazprom over Nord Steam 2 pipeline December 13, 2018 Shares in Russian energy giant Gazprom dropped earlier today after the European Parliament voted to condemn the construction of Nord Stream 2, a pipeline running through the Baltic Sea. Shares initially fell 1.8 per cent to 153.30 rubles as markets opened in Moscow. But they later rebounded, ending the day up 0.45 per cent to 156.49 rubles. [...]
Give accountants the tools they need to fight money laundering December 13, 2018 THE GOVERNMENT estimates that around $90bn of dirty money comes through the UK each year. Inevitably, this money eventually comes into contact with finance professionals, which has prompted charges of widespread ethical failures. Clearly, there are people with financial skills who are knowingly laundering money. But the truth is more nuanced than the frequent accusations [...]
Visas for super rich investors scrapped amid crackdown on money laundering December 6, 2018 The government will suspend golden ticket investment visas, which allow non-EU nationals to stay in the UK if they invest £2m, amid a crackdown on organised crime. Just buying into UK companies, or buying government bonds, will no longer be enough for Russian oligarchs, Middle Eastern oil barons and other super rich investors to stay in the UK. The [...]