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A desert island economy
leave Russia and ironically they have now been forced out by the very dictator they were propping up.”
Corporate watchdog MRA was created to remove Russia from Ukraine, using this momentum to help prodemocracy Russians get Putin and his regime out of the country.
NEW government procedures targeting promoters of tax avoidance schemes fall short, recruitment experts maintained.
“Holding responsible the directors of companies involved in promoting tax avoidance is something we called for and welcome,” Tania Bowers, Global Policy Director at the Association of Professional Staffing Companies (APSCo), said. Businesses knowingly involved in fraud were unlikely to be swayed by additional criminal charges. Instead, their access to recruitment should be cut off, Bowers suggested.
“Complete transparency is required to ensure no firm inadvertently partners with a noncompliant business due to lack of information,” she added.
Good figures
STELLANTIS reported recordbreaking firsthalf earnings of €10.92 billion, a 37 per cent increase on 2022.
With a €98.37 billion turnover, the global group attributed its success to increased demand and stabilised supply chains, although earnings benefited from higher vehicle prices, chief financial officer Natalie Knight said.
Ukraine and have therefore supported the Russian economy, which pays for that invasion,” he said.
“They have resisted our pressures to
Keeping afloat
THE UK government plans to boost sales of Britishmade ships with £500 million (€583.46 million) in credit guarantees.
The Department of Trade will assist borrowers who wish to buy UKbuilt vessels in a bid to boost Britain’s languishing yards.
Shipbuilders working for the defence sector are helped by longstanding orders from the Royal Navy, but the civilian industry has a hard time competing with cheaper yards overseas, including Spain.
Companies in the running to profit from the new scheme include Harland & Wolff, a name forever associated with the Belfast shipyard where the Titanic was built, and Cammell Laird, which produced the €200 million (€233.3 million) polar research vessel that a public poll wanted to call Boaty McBoatface. Wight Shipyard, which builds the Thames Clipper river buses, could also benefit.
The latest expropriations would actually help the West by damaging the Russian economy, the organisation said, describing it as a “positive” development.
“Putin’s behaviour is reprehensible, but he is unwittingly harming Russia,” Dixon added.
