Money Matters
Lithuania and the UK want SWIFT to cut off Russian banks completely
The Lithuanian and British foreign ministers on Thursday after a meeting in Vilnius are calling for all Russian banks to be removed from the international payment system SWIFT.…
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Alexey Mordashov steps down from TUI Supervisory board
TUI Group announces that shareholder Alexey Mordashov will immediately step down from the Supervisory Board of the Travel Group, after EU sanctions deprive it of access to its…
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Since Brexit, the UK import value of cut flowers from third countries has almost doubled
The United Kingdom (UK) imported 250 million euros worth of cut flowers from third countries in the past year. In 2020 it was still 113 million euros and…
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Bank of England will raise the key rate, but the inflation will unlikely to be tamed immediately
The foreign exchange markets have been in the grip of rising inflation in recent weeks. Where are central banks going to raise the rent the fastest? The Bank…
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The ‘war’ between retail chains and brands results in price hikes, empty shelves
In several European countries, price negotiations are escalating: in France, Jacobs Douwe Egberts has stopped deliveries to Intermarche, in the United Kingdom, The Colgate Palmolive range has disappeared…
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Valid supplier’s declaration required for attestation of origin for commercial goods
Since January 1, the United Kingdom has been applying stricter customs rules for all cargo entering the country. These rules also include the certificate of origin and the…
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Retail chain news for the week
Tesco, Britain’s largest retailer, says 1,600 jobs are in danger of disappearing due to operational changes in stores, including the elimination of night shifts to replenish shelves. The…
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