ECB pressuring banks to leave Russia 

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned The European Central Bank (ECB) has urged lenders to speed up their withdrawal from Russia due to increased risks of doing business in the sanctioned country, the Financial Times reported on Tuesday, citing top banking supervisor Claudia Buch.

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Sinn Fein scores key political win in Northern Ireland

Frustration over a paralysis of government in Belfast has led to a political shift at the polls, experts say Irish nationalist party Sinn Fein has become the largest political force in Northern Ireland’s local government after it secured significant gains in council elections to surge past the Democratic Unionist Party (DUP). The outcome is being…

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China’s Huawei faces EU restrictions – FT

The technology company could be barred from the bloc’s 5G wireless infrastructure, the outlet reports The EU is considering a mandatory ban on member states using Chinese telecoms group Huawei’s equipment in their 5G networks, the Financial Times reported on Wednesday, citing officials with knowledge of the discussions.

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