‘Trump’s worst hour’: President in trouble as close allies fall foul of law August 22, 2018 The White House was thrown into disarray overnight as Donald Trump's former lawyer directly implicated the President in a crime involving hush money to pay off women. Trump’s former lawyer Michael Cohen admitted to breaking US campaign finance laws after paying off the President’s alleged mistresses, while ex-campaign manager Paul Manafort was also found guilty of [...]
Microsoft says Russia was behind several major US political group hacks August 21, 2018 Microsoft has warned that Russian state actors are ramping up cyberattacks ahead of the US congressional elections in November. The software giant said it had caught and shut down a number of web domains masquerading as websites belonging to the US Senate, two think tanks and its own cloud storage service in the last week. [...]
Polymetal earnings up 46 per cent following production at Kazakhstan gold mine August 21, 2018 Precious metals producer Polymetal reported an earnings increase of 46 per cent for the first half of the year after the opening of its gold mine in Kazakhstan boosted production. The Russian gold and silver producer said its net income rose to $175m year-on-year after production began at its Kyzyl mine in June. The company [...]
Hunt: EU must ‘get house in order’ to counter Russian threat to way of life August 21, 2018 Foreign secretary Jeremy Hunt is today set to call on the EU to “go further” when it comes to imposing sanctions against Russia, claiming that President Putin’s regime has “made the world a more dangerous place”. The secretary of state will note that allies must “get our own house in order” to meet new challenges posed [...]
Russia hits out at ‘unacceptable’ US sanctions and warns of retaliation August 9, 2018 Russia is planning retaliatory measures against sanctions imposed by the US over the poisoning of former spy Sergei Skripal, which caused the rouble to fall to its lowest level since November 2016 today. Foreign ministry spokeswoman Maria Zakharova said today that Moscow was starting to work on measures following Washington’s decision to impose sanctions, which [...]
Russia plans retaliatory measures against ‘categorically unacceptable’ Novichok sanctions as rouble tumbles | City A.M. August 9, 2018 Russia is planning retaliatory measures against sanctions imposed by the US over the poisoning of former spy Sergei Skripal, which caused the rouble to fall to its lowest level since November 2016 this morning. Foreign ministry spokeswoman Maria Zakharova said this afternoon that Moscow was starting to work on measures following Washington’s decision to impose [...]
USDTRY: Turkish lira sinks to new record lows amid geopolitical tensions | City A.M. August 9, 2018 The Turkish lira hit a fresh record low today against the US dollar amid heightened geopolitical tensions and continued uncertainty surrounding the regime’s response to the spiralling currency crisis. One dollar bought as many as 5.4487 lira in morning trading today, as the Turkish currency fell by more than two per cent, before recovering slightly. [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Editor’s Notes: The real threat to our democracy is the call for a second referendum, making new homes more popular and communism vs liberty August 3, 2018 There's a lot of talk around about “our democracy being under threat.” This alarmist claim is thrown around by people who are still fighting the Brexit referendum – many of whom are convinced that Leave only prevailed thanks to Russian disinformation, nefarious online campaigns and dodgy money. Guardian columnists, keyboard warriors and a handful of [...]
DEBATE: Should social media sites be regulated to combat fake news and safeguard democracy? | City A.M. July 31, 2018 Should social media sites be regulated to combat fake news and safeguard democracy? Jo Stevens, Labour MP and member of the Commons Digital, Culture, Media and Sport Committee, says YES. When we started our inquiry into fake news, we could not have predicted the sheer scale of what would be uncovered. We are facing a [...]