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Russia -Ukraine war
Dubai’s house prices are rising at the fastest rate in the world following Russian influx
House prices in Dubai are rising at the fastest pace in the world following an influx of Russian money.
High levels of immigration mean average prices in the Gulf emirate have soared by 15pc between mid-2022 to mid-2023 when adjusted for…
Ukraine intensifies efforts to break Russia’s Black Sea Blockade
Two commercial ships docked in a Ukrainian port, as Kyiv intensifies its efforts to break the unilateral blockade by Russia of its Black Sea Coast.
Two incoming vessels docked in Chornomorsk just hours before Russia launched its latest…
BAE, the British defence company, opens up Ukraine to build artillery
BAE Systems, maker of UK Navy warplanes and ships, has signed an agreement that will allow British-designed artillery to be built in Ukraine.
Following a meeting in Kyiv between the chief Charles Woodburn, and Ukraine's President…
Russia offers to exchange frozen assets with western countries
Russia offers to exchange some of the frozen assets that the west has seized in response to President Vladimir Putin's invasion into Ukraine for the assets that it holds.
The central bank announced on Wednesday that under the proposal,…
Ukraine rejects Russian threats as container ship departs Odesa
On Wednesday, a container ship departed Odesa for Istanbul. This was the first vessel to depart Ukraine's ports after Russia threatened to strike civilian shipping in Black Sea last month.
Oleg Kiper, Odesa’s governor, wrote on Telegram…
Vladimir Putin to meet on currency control after the rouble’s fall
Two people with knowledge of the situation said that President Vladimir Putin would discuss the need to tighten currency controls on Wednesday, after an unprecedented 3.5 percent rate hike failed to stop the rouble from falling.
The…
Russia exploits billions of dollars oil cap loophole
According to an analysis, the inflated shipping costs have enabled Russian companies to earn much more from crude oil exports to India than they previously thought. The charges could have generated more than $1bn for a single quarter.…
Ukrainian government bonds soar as Kyiv’s cash pile increases
Ukraine's government bonds have surged in price over the past two months as investors grow more optimistic about how much of their money they will get back in an eventual restructuring of the war-torn country's debt.
Kyiv's debt tumbled…
Prices of wheat and oil soar after the attack on a Russian ship by Ukraine
Wheat and oil prices surged after Ukraine launched an attack on a Russian naval ship, prompting warnings about the potential impact of escalating conflicts in the Black Sea Region increasing food and energy costs.
Benchmark wheat…
Ukraine allies boosted by ‘constructive signals’ from China at Jeddah discussions
China has indicated that it is willing and able to participate in further international discussions on the resolution of the conflict in Ukraine. This was confirmed by European officials, who praised its "constructive participation" in a…
European companies hit by Russian operations for €100bn
Europe's biggest companies have suffered at least €100bn in direct losses from their operations in Russia since President Vladimir Putin's full-scale invasion of Ukraine last year, according to analysis.
A survey of 600 European groups'…
Wizz Air’s chief lauds the ‘capitalist’ spirit behind the £100mn bonus package.
Wizz Air’s chief executive said that the extension of a bonus incentive package for him to unlock a £100mn shows "the prevalence of capitalist spirits" despite the significant opposition of some investors.
The resolution passed by the…
UK Industry Still Selling to Russia
Trade data analysis shows that despite the invasion in Ukraine, British manufacturers continued to supply Russia's key industrial equipment.
Many British industrial manufacturers cut off their business ties with Russia after the…
Evian faces a £170m loss after Russian factories are seized by the Kremlin
The French food giant Danone suffered a €200m loss (£170m), after Vladimir Putin seized its Russian factories.
The company that owns Evian, Actimel and other brands has announced it will "deconsolidate its operations" in the country.…
Nestle employees in Russia face conscription.
Nestle is under pressure from its Russian customers to pull out of the country, and more than 7,000 Nestle employees in Russia could be conscripted for the Ukraine War.
The Russian food giant refused to confirm whether it would…
Russia attacks Ukraine grain silos with a ‘barbarian attack’
The EU has said that Moscow's "barbarian" attitude in attacking food supplies is demonstrated by the third night of bombings on Ukraine's ports.
Ukrainian authorities reported that the strikes early Thursday morning on Odesa, a Black Sea…
Russia declares that ships heading for Ukraine will be treated like’military threats’
Russia warned that it would treat all ships heading towards Ukraine's ports like military threats. This move sent European and US grains futures skyrocketing.
The announcement came after Russia decided this week to withdraw its agreement…
Russia’s decision to not extend the Black Sea grain agreement is final
Antonio Guterres, UN Secretary General, has expressed his regret at Russia's decision of terminating the Black Sea grain agreement. Guterres said that hundreds of millions people will suffer from hunger and consumers who are already…