Inflation is slightly tamed, but still at the high levels
For the second month in a row, food price inflation in the UK has declined, but inflation remained at the third highest level since 2008, Kantar figures showed…
Continue Reading
Revolut licensing is under question
The Bank of England plans to reject neobank Revolut’s application for a banking license in the United Kingdom, The Telegraph reports. Revolut applied for a license in 2021…
Continue Reading
Hiroshima meeting was anti-Chinese, and China knows it
The Chinese foreign ministry denounces the attacks of the G7 summit in Japan and has called the Japanese ambassador to the mat. Chinese Foreign Minister Sun Weidong has…
Continue Reading
G7 comes up with the initiative to ‘support’ third world countries
The G7, a club of (mostly) Western countries, wants to continue cooperating with China but believes that the country takes too many risks and “disrupts the global economy.”…
Continue Reading
In IT, Innovation and Startups
Yandex got several bids from Vladimir Potanin and Vagit Alekperov
Technology company Yandex has received bids from Russian billionaires for a stake of approximately half in the company’s local operations, valuing it at over $7 billion, Bloomberg News…
Continue Reading
UK banned import of Russian diamonds in a rather media-oriented way
The United Kingdom is imposing a ban on Russian diamonds as part of new sanctions against Moscow due to the war in Ukraine. The import of metals such…
Continue Reading
Sixteen percent of UK population is struggling to pay bills
In the United Kingdom, nearly eleven million people are struggling to pay their bills and debts, according to official figures released on Wednesday. According to the regulator Financial…
Continue Reading