UK Retail Investors Unperturbed By The Russia-Ukraine Conflict

Published by
ValueWalk

A survey of 726 UK-based investors has revealed that the majority are unshaken to date by the conflict between Russia and Ukraine but hold strong views on the future market implications of the crisis. It found: Just 14% of investors monitor the situation with Russia and Ukraine when thinking about their investment strategyEven fewer (10%) have changed their strategy since the conflict broke outHowever, 67% believe consumers and investors will boycott companies who continue to do business with RussiaThis figure rises to 87% amongst those with portfolios in excess of £250,000The majority (69%) b…

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EU considers more funds for east Europe in bid for deal on Russia oil ban

Published by
Reuters UK

BRUSSELS (Reuters) -The European Commission is considering offering landlocked eastern European Union states more money to upgrade oil infrastructure in a bid to convince them to agree to an embargo on Russian oil, an EU source told Reuters on Monday. The measures are part of a wider package of new sanctions against Russia for its invasion of Ukraine, but the adoption of the legal text still needs an agreement on the size of the investment, the source said, adding another sticking point was Cyprus’s concerns about a proposed ban on the sale of real estate to Russians. Horse trading after the C…

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Pandemic pushes Spanish workers out of the shadows

Published by
Reuters UK

By Belén Carreño and Gavin Jones MADRID/ROME (Reuters) – For decades, a cash-filled envelope – or “sobre” – was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries. COVID-19, however, may finally be putting paid to the “sobre”, economic data and workers’ experiences suggest – accelerating a six-year-long crackdown in Spain on the shadow economy and providing a welcome boost to the country’s public finances. The Spanish economy was the hardest hit in the euro area by the pandemic, shrinking 11% in 2020 amid toug…

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