Ukraine war backfires as Russia’s economy is expected to take dramatic 10 per cent hit this year March 10, 2022 Analysts this morning revised their economic forecast for Russia in light of international sanctions imposed following the invasion of Ukraine. Experts at the Economic Intelligence Unit (EIU) said they expect economic activity to be severely disrupted with both domestic demand and the external sector taking a hit. “While the full impact of international sanctions and [...]
Russia confirms use of vacuum bombs and is expected to deploy private mercenaries in Ukraine March 10, 2022 The Ministry of Defence (MoD) said this morning Russia has confirmed the use of thermobaric rockets – often called vacuum bombs – in Ukraine and is also “likely” deploying private mercenaries. The MoD said its Russian counterpart had confirmed the use of thermobaric rockets creating “incendiary and blast effects” in the invasion. A video posted [...]
Saudi Arabia’s PIF and Amanda Staveley should have waited to buy Chelsea instead March 10, 2022 I can’t help thinking that Amanda Staveley and her consortium have bought the wrong football club. Had they waited just five months they could have had Chelsea FC rather than Newcastle United. A mooted £3bn price tag may be 10 times the price paid for the Magpies, but still well within the means of Saudi [...]
Russian forces intensify siege: Three hospitals hit as Ukraine war turns uglier two weeks in March 10, 2022 Bombs reportedly fell on three hospitals across Ukraine overnight. An airstrike on a maternity hospital in the port city of Mariupol wounded women waiting to give birth and buried children in the rubble as Russian forces intensified their siege of Ukrainian cities. The World Health Organisation (WHO) said it has confirmed 18 attacks on medical [...]
Google searches for ‘WW3’ up 75-fold since Russian invasion of Ukraine March 10, 2022 Google searches for ‘WW3’ have skyrocketed by 75-times the usual rate in wake of Russia’s invasion of Ukraine. As tensions continue to mount between Moscow and Kyiv, UK internet users expressed their fears about it engulfing the rest of Europe, by asking the search engine giant if it might spell the start of a third [...]
UAE hints at supporting boost in oil supplies following Russia’s invasion of Ukraine March 10, 2022 OPEC member United Arab Emirates called for more oil supplies to be pumped into the market yesterday amid fears of supply shortages.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Government re-opens door to fracking after Russian oil ban March 9, 2022 The Prime Minister, Boris Johnson, is open-minded to the idea of bringing back fracking following a near three year moratorium on the process.
How stock markets perform after heavy falls March 9, 2022 | City Talk While public attention has understandably focused on the grave humanitarian consequences of the invasion of Ukraine, global markets have reflected investors’ concerns about financial and economic impacts. Our live blog on the Ukraine crisis will be updated regularly throughout the week, it can be found here. To date the current crisis has seen major markets fall [...]
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]