Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

UK targets Russia’s ability to fund war in new sanctions

Published

on

In the latest blow to Putin, the UK will buckle down on Russia and Belarus trade with fresh new sanctions

The UK believes it will impact Russia’s ability to fund the war, putting further strain on Putin’s power

The U.K. Department for International Trade said the sanctions will target 1.7 billion pounds in trade

Right now, we’re looking at over 2 billion US dollars across import tariffs on platinum and palladium and export bans on chemicals, plastics, rubber, and machinery.

It’s also expected almost half a billion dollars in sectors of the Russian economy most dependent on UK goods will be hit too.

This comes as Europe Day celebrations gets underways.

The message today is loud and clear, that Europe is united for Ukraine.

This was echoed during a recent call with western leaders, who aren’t shy in ramping up their sanctions against Russia.

G7 leaders gathered on a video call with Ukrainian President Volodymyr Zelensky, with the US and Canada also imposing new sanctions.

Let’s not forget, this isn’t the first time the UK is choosing to target trade.

This is actually the third round of trade sanctions from the UK.

So looking at the bigger picture excluding gold and energy – this would see more than 96 per cent of goods imports from Russia hit by restrictions and more than 60 per cent of goods exports to Russia under whole or partial restrictions.

Of course this all comes as Russia prepares to celebrate Victory Day, with all eyes on Putin

And in the words of the UK international trade secretary, this far-reaching package of sanctions will inflict further damage on the Russian war machine.

Continue Reading

News

Markets watch RBA, tax talks, and Nvidia surge

Published

on

Investors are eyeing a possible rate cut from the Reserve Bank of Australia as inflation cools. In the US, Trump’s sweeping tax bill is dividing Congress ahead of the 2026 race. Nvidia gears up to report earnings next week, with markets hopeful the AI boom continues. Meanwhile, Bitcoin has hit fresh record highs, driven by ETF momentum and global demand.

Continue Reading

News

Trump’s “big beautiful bill” takes centre stage

Published

on

Donald Trump is back in Washington, rallying Republicans around his sweeping new budget plan—nicknamed the “One Big Beautiful Bill.” It promises to tackle inflation, border security, and government waste, while proposing a bold new Department of Government Efficiency—possibly led by Elon Musk. With U.S. debt over $36 trillion, Trump’s push comes at a tense economic moment. Supporters say it’s about fiscal discipline; critics say it’s far-fetched. As 2026 looms, the question remains—can Trump deliver real reform, or is this more political theatre?

Continue Reading

News

Tech, trade & tariffs reshape global economic landscape

Published

on

The global economy is undergoing rapid change — with breakthroughs in technology, shifts in trade policy, and renewed inflationary pressures all colliding.

In the U.S., the autonomous vehicle sector is accelerating after Waymo received key regulatory approval to expand its driverless services. The move could give Alphabet a competitive edge over rivals like GM’s Cruise, with the prospect of robotaxis generating real revenue on the horizon.

At the same time, fresh tariff threats are sparking alarm in the retail sector. Walmart has warned that new duties could trigger double-digit price hikes, putting pressure on consumers and potentially reshaping spending patterns, especially in electronics and apparel.

Meanwhile, the UK and EU have struck new trade agreements aimed at reducing red tape around food and emissions. The deals mark a step toward improved cooperation and could provide a modest economic boost for exporters.

With uncertainty still hanging over global markets, investors are once again turning to precious metals. Gold and silver are gaining attention as safe havens, with silver’s industrial use giving it added appeal in an uncertain climate.

Continue Reading

Trending Now