How sanctions against Russia could hit European economies

Cutting gas flows to Europe is Moscow’s trump economic card if the west imposes tougher sanctions in the event of a Russian invasion of Ukraine. But the EU’s vulnerability to countermeasures by the Kremlin extends well beyond energy. Policymakers fear the bloc is less prepared than Moscow, where President Vladimir Putin’s “Fortress Russia” strategy is … Read more

GSK pledges to step up growth as it prepares for consumer spin-off

Emma Walmsley, GlaxoSmithKline’s chief executive who has been under pressure from activist investors, has promised a “step change in growth” in 2022, as the UK drugmaker beat earnings expectations in the fourth quarter. The company is preparing to spin-off its consumer health unit in the middle of the year, after rejecting Unilever’s £ 50bn offer … Read more

Xpeng shares jump as EV maker joins Shenzhen-Hong Kong Stock Connect

A XPeng Motor P7 electric vehicle is displayed for sale at Wanda Plaza on May 9, 2021 in Beijing, China. VCG | Getty Images Xpeng’s Hong Kong shares have been included in a trading link to mainland China, known as the Shenzhen-Hong Kong Stock Connect. The move will allow investors based in mainland China easier … Read more

bond market heats up amid ECB tightening and political divide

Italian Special Air Force aerobatic unit spreads smoke with the colors of the Italian flag over the city of Rome. AB Pool – Corbis | Corbis News | Getty Images An eventual result in Italy’s presidential elections may have averted political instability for now, but market watchers are wary over the economic and political future … Read more

Brits brace for perfect storm of tax rises, spiraling inflation and energy crisis

Pensioners protest over rising fuel prices at a demonstration outside Downing street called by The National Pensioners Convention and Fuel Poverty Action on February 7, 2022 in London, England. Guy Smallman | Getty Images British households are facing the worst cost of living crisis for decades, as soaring inflation, declining real wages and an energy … Read more