
City of London Watchdogs to Ask Firms for Diversity Plans
UK regulators want to boost diversity and inclusion in the financial services sector by requiring firms to set
1970-01-01 08:00

Bond Market Is Adjusting to ECB’s Higher-for-Longer Pledge
The European Central Bank’s message that interest rates will stay higher for longer is finally sinking in with
1970-01-01 08:00

Nike Drops as Jefferies Cuts on Consumer Squeeze, China Woes
Nike Inc. faces a risk from slower spending by US students, in addition to ongoing Chinese headwinds, according
1970-01-01 08:00

Keanu Reeves' girlfriend Alexandra Grant calls him an 'inspiration'
Keanu Reeves and Alexandra Grant appear to be a match made in creative heaven.
1970-01-01 08:00

Lagarde Repeats ECB Rates to Stay Restrictive as Long as Needed
European Central Bank President Christine Lagarde reiterated that borrowing costs will remain elevated for as long as needed
1970-01-01 08:00

Bernanke Review at BOE to Probe Use of Market Rates in Forecasts
Ben Bernanke’s review into the Bank of England’s forecasting process will look into whether the market path for
1970-01-01 08:00

Fed’s Goolsbee Says Soft Landing Possible, But Risks Remain
Federal Reserve Bank of Chicago President Austan Goolsbee said it’s possible for the US to avoid a recession
1970-01-01 08:00

Canadian parliament accidentally honours Nazi - with Zelensky and Trudeau applauding
Canada’s House of Commons gave a rousing standing ovation to a Ukrainian veteran who fought in the Second World War – unaware he had served in a Nazi SS unit. Yaroslav Hunka, 98, was sitting in the gallery when he was described as a “Ukrainian hero” and a “Canadian hero” to applause from prime minister Justin Trudeau and president Volodymyr Zelensky. However, leaders were left red face when house speaker Anthony Rota subsequently apologised after it emerged that Hunka served in the 14th Waffen-SS Grenadier Division, a voluntary unit made up mostly of ethnic Ukrainians under Nazi command. In a statement, Mr Rota said that on 22 September “in my remarks following the address of the president of Ukraine, I recognised an individual in the gallery. “I have subsequently become aware of more information which causes me to regret my decision to do so.” Mr Rota said that “no one, including fellow parliamentarians and the Ukraine delegation, was aware of my intention or of my remarks before I delivered them. This initiative was entirely my own, the individual in question being from my riding [district] and having been brought to my attention.” “I particularly want to extend my deepest apologies to Jewish communities in Canada and around the world. I accept full responsibility for my actions,” the speaker said. The Canadian Jewish group CIJA said it was “deeply troubled” that a Nazi veteran had been celebrated, and said “proper vetting is imperative to ensure such an unacceptable incident does not occur again”. The incident came shortly after Mr Zelensky delivered a passionate speech to the Canadian parliament to bolster support from his Western allies. Mr Rota then hailed Mr Hunka as “a Ukrainian Canadian war veteran from the Second World War who fought for Ukrainian independence against the Russians” and “a Ukrainian hero and a Canadian hero.” Following the address, Mr Zelensky, who is Jewish and lost family members during the Holocaust, raised his fist in acknowledgement as the veteran saluted. Mr Hunka’s Nazi unit are accused of killing Polish and Jewish civilians, and were visited by SS leader Heinrich Himmler in 1944 who said his men would be “eager” to “liquidate the Poles”. The Friends of Simon Wiesenthal Center said that Mr Rota's remarks ignore “the horrific fact that Hunka served in the 14th Waffen Grenadier Division of the SS, a Nazi military unit whose crimes against humanity during the Holocaust are well-documented.” Since his invasion in February 2022, Russian president Vladimir Putin has repeatedly made unsubstantiatec alims that Ukraine of ‘harbours neo-Nazis’. Read More Putin gives defence chief one month deadline to stop Ukrainian counteroffensive in its tracks Russian airstrikes kill 2 and wound 3 in southern Ukraine as war enters 20th month Russian foreign minister lambastes the West but barely mentions Ukraine in UN speech Trudeau and Zelensky give Ukrainian Nazi war veteran standing ovation in parliament We have a responsibility to defend our citizens, says Canada’s defence minister Leader of Canada's House of Commons apologizes for honoring man who fought for Nazis
1970-01-01 08:00

Australia Warns of Multi-Billion Dollar Climate Disaster Costs
Australian Treasurer Jim Chalmers highlighted the soaring cost of disaster management in his nation ahead of a potentially
1970-01-01 08:00

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows
Russian crude oil supply surged 50 per cent this spring despite sanctions imposed by the G7 countries in the backdrop of continuing war in Ukraine, data from commodities tracker and analytics company Kpler showed. An analysis of shipping and insurance records from August showed almost three-quarters of all seaborne Russian crude flows travelled without any western insurance in August, reported the Financial Times. The move was a lever enacted by the G7 nations, the European Union and Australia which imposed a $60-a-barrel price cap last December as the coalition looked to restrict Russia’s ability to finance its invasion of Ukraine. The significant surge confirms Russia’s ability to dodge the cap imposed by Western nations and continue to sell more of its oil at prices competing with international market rates. Russia’s oil revenues are, however, likely to go up due to constant increases in crude prices and a reduction in the discount on its own oil, estimates by the Kyiv School of Economics showed. Russia cut its seaborne diesel and gasoil exports by nearly 30 per cent to about 1.7 million metric tons in the first 20 days of September from the same time in August. Russia’s temporary ban on exports of gasoline and diesel to most countries, announced last week, was expected to further tighten supplies. In April this year, Russian crude oil exports reached back above to levels seen before Vladimir Putin’s Ukraine invasion, despite the ratcheting up of Western sanctions. India and China accounted for 90 per cent of Russia’s seaborne crude oil exports, according to figures by Kpler. The Asian giants are each buying an average of 1.5 million barrels per day (bpd), absorbing the shortfall in exports to European nations that previously accounted for two-thirds of Russian crude. But in August, India’s import of Russian oil dipped to a seven-month low after steady purchase during the course of the war, amid lower discounts for Moscow’s grades and planned maintenance outages at some plants. Since Russia’s full scale war, India had steadily increased its purchases of discounted Russian oil. Indian imports of Russian oil hit a record high in October, with the country becoming India’s top oil supplier in terms of bpd. Despite Western sanctions designed to stop funds reaching Mr Putin’s war chest following his Ukraine invasion, Russia’s crude oil exports have actually risen from 3.35 million bpd in 2022 to 3.5 million bpd in the first quarter of 2023, Kpler said. After India and China, the two largest buyers of Russian crude are now Turkey and Bulgaria. Read More ‘Panic’ grips Putin’s military and milbloggers over Ukraine’s advances on battlefield Ukraine-Russia war – live: ‘Panic’ among Putin’s troops as they ‘face threat of encirclement’ in Verbove Russia strikes Odesa, damaging port, grain infrastructure and abandoned hotel Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war France's Macron to unveil latest plan for meeting climate-related commitments in the coming years
1970-01-01 08:00

Sterling hits fresh multi-month lows on dollar and euro
By Alun John LONDON The pound dipped to its lowest in six months against the dollar and its
1970-01-01 08:00

Christy Turlington 'didn't know the words' to George Michael's Freedom!
Christy Turlington has revealed that she had a last-minute panic before she shot the 'Freedom!' music video.
1970-01-01 08:00