Press Round-Up Short (Premium)
Sunday newspaper round-up: Swift, Peace talks, Nuclear deterrent
The US, UK, European Union and Canada have decided to block Moscow's access to the Swift international banking system. In a statement issued by the White House, the countries said: "[Vladimir] Putin’s war of choice and attacks on the sovereign nation and people of Ukraine. We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin. " - Guardian.
Sunday newspaper round-up: Canadian beef, Rio Tinto, Credit Suisse
Britain is prepared to reject Canadian beef treated with hormones, dealing a setback for the trade talks, which had been due to formally start in April. One Whitehall source said there was "very little room to move" on food standards and that it would be extremely difficult to climb down on the issue. Trade officials confirmed that food standards would be a "red line" during the negotiations. - Sunday Telegraph.
Sunday newspaper round-up: Stanlow, British Construction, Saudi Aramco
US investment firm Bartons Family Capital is thought to have put feelers out to the government regarding a possible bid for Stanlow, one of the UK's largest refineries. The critical piece of UK infrastructure is owned by the Indian billionaire Ruia brothers and struggled during the pandemic, postponing the payment of a £356m tax bill. Bartons' interest is believed to be at an early stage with no approach having yet been made to Essar, which is owned by the Ruia brothers.
Sunday newspaper round-up: Tesco, Vodafone, Bank of England
The head of Tesco, John Allan, thinks the worst of food price inflation "is yet to come", predicting that it will soon rise to 5%. In remarks to the BBC, the chairman of the grocer said: "“In some ways the worst is still to come – because although food price inflation in Tesco last quarter was only 1%, we are impacted by rising energy prices. Our suppliers are impacted by rising energy prices. We’re doing all we can to offset it … but that’s the sort of number we’re talking about.