Key Putin ally: West is underestimating chance of nuclear war over Ukraine May 26, 2023 A senior ally of President Vladimir Putin warned on Friday that the West was seriously underestimating the risk of a nuclear war over Ukraine, cautioning that Russia would launch a pre-emptive strike if Ukraine gets nuclear weapons. Russia’s 2022 invasion of Ukraine has triggered the deadliest European conflict since World War Two and the biggest [...]
More than a year after Russia’s invasion of Ukraine some firms still can’t – or won’t – quit Moscow May 25, 2023 Some global companies are still operating in Russia more than a year on from the country’s invasion of Ukraine. Firms were quick to respond to the full-scale war, which broke out last February, with some saying they would quit Russia immediately and others curtailing imports or new investment. Billions of pounds of factories, energy holdings [...]
Net migration to UK hits record high of 606,000 as Brexit scales EU movement back May 25, 2023 Net migration to the UK has hit a record high of 606,000, new figures released this morning reveal. The significant surge in legal migration for 2022 has hit the highest level on record, according to Office for National Statistics (ONS) data. It follows weeks of speculation over the numbers with prime minister Rishi Sunak seeking [...]
City Pages: The five new books on our radar this month May 25, 2023 From hacking bears to scandal in Westminster, here's what we've been reading at City A.M. this month.
Book review: Fancy Bear Goes Phishing by Scott Shapiro – a tour de force of hacking and the information age May 25, 2023 From Russian hackers to Paris Hilton, Scott Shapiro's new book Fancy Bear Goes Phishing is a tour de force of the information age told in five hacks.
Britain without a woman in French Open draw for first time since 2008 May 24, 2023 Great Britain will be without a woman in the French Open main draw for the first time since 2008 after Katie Boulter became the final hopeful to lose in qualifying for the Grand Slam. Britain had three representatives on the clay of Roland Garros last year but that number has been slashed to zero due [...]
Russia blood diamonds are latest Kremlin sanction from UK as Sunak goes after 86 more Putin-linked individuals May 19, 2023 Britain is banning Russian diamonds in a new wave of sanctions to pressure Vladimir Putin over his invasion of Ukraine as Rishi Sunak warns allies against complacency at the G7 summit in Japan. The Prime Minister announced the new measures against Russia, also including a prohibition on imports of Russian-origin copper, aluminium and nickel on [...]
Sunak in China row over Confucius Institute U-turn May 18, 2023 Downing Street has refused to elaborate on Rishi Sunak’s decision not to ban controversial Confucius Institutes from operating in the UK. The Prime Minister previously pledged during his leadership bid to bar the 30 Beijing-linked organisations from running on UK soil. Confucius institutes are Chinese cultural and language outposts. But he has now walked back [...]
Russian oil exports reach highest levels since Ukraine invasion as China and India buy up supplies May 16, 2023 Russian oil exports shot up to their highest levels since its invasion of Ukraine, with the majority heading towards China and India, according to the International Energy Agency. In its latest monthly oil report, the Paris-based climate agency said total oil shipments reached “a post-invasion high” in April rising to 8.3m barrels per day (bpd), [...]
Kremlin approves sale of Volkswagen’s Russian assets for nearly £110m May 16, 2023 Russia’s government has approved a deal for Volkswagen to sell its Russian assets to autodealer group Avilon for up to $137.6m (£108.64), the Interfax news agency reported on Tuesday, citing a source. Should Volkswagen extract money from Russia while exiting, it would buck the trend of other major automakers, most of which have sold their assets [...]