In the latest development on the ongoing conflict in Ukraine, US Treasury Secretary Janet Yellen has hinted at the possibility of G7 nations providing support to the country’s war effort. During an exclusive interview with Sky News, Yellen revealed that discussions are underway regarding the use of billions of dollars in loans that are linked to seized Russian assets.
This potential move comes at a critical time for Ukraine, as tensions continue to rise between the country and its neighbor Russia. The G7, which includes the United States, United Kingdom, Canada, France, Germany, Italy, and Japan, has been closely monitoring the situation and is considering taking action to support Ukraine.
In other news, the future of online car retailer Cazoo is uncertain after the company recently fell into administration. With 200 jobs at risk, the business has faced significant challenges in recent months, leading to its current state. Sky News has been closely following this story and will provide updates as they become available.
The Ian King Business Podcast also features an insightful conversation with the Bank of England’s Executive Director about the future of cross-border banking. As the world continues to navigate through the economic impacts of the pandemic, the banking sector has been forced to adapt and evolve. Listen and subscribe to The Ian King Business Podcast for more in-depth discussions on the latest business news and trends.
