Global markets finally cool after series of volatile sessions March 8, 2022 Global stock markets were a bit calmer today, allowing investors who have been involved in a series of severely volatile sessions since Russia sent troops into Ukraine to breathe a sigh of relief. The capital’s premier FTSE 100 index inched 0.07 per cent higher to close at 6,964.11 points, while the FTSE 250 index, which [...]
Man of steel: Russian oligarch Vladimir Lisin comes out against Putin by calling for immediate end to Ukraine war March 8, 2022 Oligarch Vladimir Lisin, the chairman and main shareholder of the NLMK Group, one of Russia’s largest steel makers, has called for an immediate end to the Russian war in Ukraine. The Moscow-based billionaire reportedly sent a letter to NLMK staff, which was subsequently widely shared on social networks. The steel tycoon wrote that “the death [...]
Russia-Ukraine war to deliver £90bn blow to UK economy March 8, 2022 Russia’s war with Ukraine will deal a £90bn blow to the UK economy driven by a worsening cost of living crunch sending the British consumer into retreat, reveals fresh forecasts published today. Soaring energy prices as a result of Moscow sending troops in Ukraine will feed already historic high inflation in Britain, heaping even further [...]
Not going anywhere: Trucks full of aid for Ukraine stuck in Britain due to Brexit red tape March 8, 2022 Frustrated charity workers have said that items they are trying to get to war-torn Ukraine are stuck at the Port of Dover due to complex post-Brexit paperwork and custom checks. Agnieszka Lokaj, who runs the Lewisham Polish Centre in south London, told Politics Home that her charity had up to five tonnes of donations that is currently [...]
Exclusive: Invinity on vanadium flow batteries and the UK’s net zero plans March 8, 2022 Invinity chief executive Larry Zulch and chief commercial officer Matt Harper spoke with Morning Wire about vanadium batteries and net zero.
UK says it may take up to 200,000 Ukraine refugees amid Kremlin promise of ceasefire after ‘relentless’ Russian shelling March 8, 2022 UK Defence Secretary Ben Wallace said this morning the UK may take up to 200,000 refugees from Ukraine, various various schemes and visa routes. Wallace told Sky News around 200,000 Ukrainian nationals may be able to settle in Britain. His remarks come after the Kremlin promised again this morning safe corridors for civilians. However, the [...]
HMRC action yields £0 in half of all tax probes but taxman hits back: ‘We are not driven solely by money’ March 8, 2022 HMRC investigations into individuals and small businesses last year yielded no returns in nearly half of of all cases, according to new research shared with Morning Wire this afternoon. The proportion of investigations which returned no money to the Treasury has risen by over a third, to 47 per cent last year up from 31 [...]
London Stock Exchange steps in and cancels trades in rebounding Polymetal International March 8, 2022 Polymetal International's rally was cut short after the London Stock Exchange cancelled key morning trades.
China calls friendship with Putin ‘ironclad’ amid heavy fighting and claims 10,000 Russian soldiers are now dead March 8, 2022 China’s foreign minister has called Russia his country’s “most important strategic partner” as Beijing continues to refuse to condemn the invasion of Ukraine despite growing pressure from the US and European Union (EU) to use its influence to rein Moscow in. Wang Yi said Chinese ties with Moscow constitute “one of the most crucial bilateral [...]
UK braces for historic living standards shock on Russia-Ukraine conflict sending inflation skyrocketing March 8, 2022 Households are set to absorb the worst shock to their living standards in recent history driven by the Russia-Ukraine conflict sending energy prices skyrocketing, reveals fresh research published today. Gas prices have surged to their highest level ever on concerns over Moscow squeezing energy flows in retaliation to Western sanctions, which could push UK inflation [...]