Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
A British man, aged 60, has been detained in Dubai for allegedly broadcasting provocative propaganda during a time of conflict. Campaign group Detained in Dubai warns that sharing footage of such incidents can lead to severe penalties. The British Embassy is advising nationals on compliance with local laws.
EUROPE MORNING BRIEFING
European Union leaders criticise President Trump’s sanction lift on Russian oil, asserting it undermines efforts against Russia’s war in Ukraine. Tensions escalate amid rising Middle Eastern conflict and soaring oil prices.
Dubai, once bustling with tourists, has become a ‘ghost town’ amid escalating conflict in the Middle East. The city has seen hotel closures and empty beaches as fears rise. With many flights cancelled, visitors are urged to reconsider travel plans.
EUROPE MORNING BRIEFING
The leaders of Canada, Germany and Norway are urging Trump this morning to reconsider his suspension of Russian oil sanctions.
German Defence Minister Boris Pistorius expressed concerns regarding the potential impact on Ukraine.
A rare 2008 Zimbabwe 100 trillion dollar note is available for auction, starting at £750. This specimen from the Reserve Bank of Zimbabwe was issued during Robert Mugabe’s hyperinflation era. Bids will open during Heritage Auctions’ World Paper Money Signature sale on March 26.