Sunak piles pressure on private sector to invest in war-torn Ukraine economy June 19, 2023 The Prime Minister Rishi Sunak is set to pile pressure on UK firms to invest in the Ukrainian war effort this week as Kyiv mounts its own charm offensive on the private sector globally.
European Central Bank hikes rates 25 basis points to 2001 and hints at more to come June 15, 2023 The European Central Bank (ECB) today signed off what many thought would be its final interest rate rise, but lingering concerns about high inflation may lure the monetary authority into further increases, experts have bet. The monetary authority of the 20 countries using the euro sent borrowing costs up 25 basis points to 3.5 per [...]
Revolut hit with 40 per cent valuation write down amid banking licence woes June 15, 2023 Revolut’s value has plunged by nearly 40 per cent over the past year as it struggles to win a banking licence and fails to provide full “visibility” on its accounts, according to a major investor in the firm. London-based Revolut, run by Russian-British founder Nik Storonsky, bagged a $33bn valuation at the peak of the [...]
LNG fleets to overtake oil supertankers in global gold rush June 14, 2023 There will be more LNG ships than oil supertankers within the next five years, according to the latest findings from Global Data.
Ukraine: 10 killed in Russia missile attack on high-rise block as fears grow of trapped survivors June 13, 2023 At least 10 people have been killed and dozens wounded after missiles hit civilian buildings in an overnight attack in the central city of Kryvyi Rih, Ukraine, a regional governor said. Serhiy Lysak, of the Dnipropetrovsk region, said the strike involving cruise missiles hit a five-storey residential building early on Tuesday and the area was [...]
Silvio Berlusconi: Ex Italian PM known for sex-fuelled parties, dogged by corruption and scandal, dies aged 86 June 12, 2023 Former Italian premier and media mogul Silvio Berlusconi has died at the age of 86, Italian media has reported. He was Italy’s longest-serving premier despite scandals over his sex-fuelled parties and allegations of corruption. Italian news agency LaPresse reported Mr Berlusconi’s death after he was taken to hospital on Friday for the second time in [...]
Oil prices drop below $70 per barrel as investors fear further Fed rate hike June 12, 2023 Oil prices have fallen as investors fear further rate hikes from the Federal Reserve this week, when it meets to discuss interest rates.
The Notebook: Octavius Black on HR’s ‘Davos’, how to fix low productivity rates and wellbeing June 12, 2023 The Notebook is a column where interesting people say interesting things: today, it’s Octavius Black, CEO of learning platform MindGym, to discuss productivity, wellbeing and workplace culture’s Davos. Big hitters gather to look at HR’s biggest 2023 challenges The floorboards of the Royal Opera House have been trodden by many a global superstar over the [...]
If Ben Wallace takes the helm of NATO it could be a boost for Global Britain June 12, 2023 If Ben Wallace becomes the head of NATO, he’ll leave a big hole to fill at the Ministry of Defence. But it would be good for the UK’s international standing, writes Eliot Wilson
Explainer: The impact of floods on Ukrainian farmlands after the destruction of the Kakhovka dam June 9, 2023 On Tuesday, the Kakhovka hydroelectric power plant and dam in Ukraine was destroyed, causing floods of disastrous proportions. The dam was the largest reservoir in the country in terms of volume. Ukraine blamed it on Russia, saying it destroyed the dam to block Ukrainian troops in their counter-offensive. Russia, of course, blamed Ukraine, without providing [...]