Why the Church of England is leading an exodus from Russia
But as the institution has found, cutting ties with an entire country is difficult. It has now rounded on TotalEnergy, another investment, because the French oil company…
Church of England gets stuck in an investing quagmire over Russia
Boris says the West must end its addiction to Russian energy but is swapping it for Saudi oil any better? The Foreign Secretary’s defence is that Putin’s actions…
Jewellery, art and supercar brands forced to adapt to a world without Russia
Britain has said the move will affect luxury vehicles, high-end fashion and art, without specific details about the items that will be included. UK firms sold £2.6bn…
Brace for double-digit inflation, warns John Lewis boss
Inflation could hit double digits following Russia’s invasion of Ukraine, the boss of John Lewis has said. Dame Sharon White said her big concern was that inflation…
The dash for diesel as Britain ditches Russian energy
Russia was a key beneficiary. It exported 3.6m tonnes of diesel to the UK in 2021, accounting for about 33pc of imports as the third-largest external supplier…
China risks collapsing the world economy as its zero Covid strategy falls apart
There are a variety of theories about why this is. The most plausible explanation is that vaccines, especially those based on mRNA, were perceived to have side…
Unions are as much to blame as P&O bosses for the ferries chaos
It is not just the RMT. The University and College Lecturers union has been leading its members out on strike even though everyone knows students have been…
AstraZeneca set to abandon push for US vaccine approval
AstraZeneca is braced to abandon efforts to get its Covid vaccine approved in the US if it is simply “banging its head against a brick wall indefinitely”…
Banks ‘losing patience’ after Hong Kong’s zero-Covid policy fails
Hong Kong’s leader has admitted that banks in the Asian financial hub are “losing patience” after the failure of its unpopular zero-tolerance approach to Covid. Bank bosses…
The Bank of England had one job. It has failed spectacularly
Market expectation is that interest rates will continue to rise, possibly going over 2pc next year. The Bank isn’t committing to anything, suggesting that “further policy tightening…
TM Lewin collapses for second time in two years
Shirt maker TM Lewin has collapsed for the second time in less than two years as demand for suits and formal tailoring fails to recover after pandemic….
Bank warns of 10pc inflation risk after third interest rate rise
“The global economic outlook had deteriorated significantly following Russia’s invasion of Ukraine in late February,” the MPC said in the minutes of its meeting. This is “likely…