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Bank of Russia sees bigger challenge than rates for lenders

  Bloomberg Preoccupied by ultra-low interest rates in much of the industrialized world, the financial industry risks being blindsided by an even bigger challenge, according to Russian central bank Governor Elvira Nabiullina. “Banks could fall into a trap,” Nabiullina said at a conference in Kazan, capital of Russia’s republic of Tatarstan. “What do they mostly complain about now? Low interest ...

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‘Brexit doom misplaced as opportunities knock’

  Bloomberg Foreign Secretary Boris Johnson has said predictions of “doom” for the British economy following the decision to leave the European Union are misplaced and “will continue to be proved wrong” as the U.K. negotiates its departure from the bloc. Britain will get a good deal from the remaining member states because it is in the interests of those ...

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Marmite taken off UK shelves as Brexit bites

  London / AFP British staple Marmite was taken off the virtual shelves at supermarket Tesco on Thursday, following a reported row with supplier Unilever over pricing after the pound plummeted on fears over the UK’s Brexit plans. Jars of Marmite were “currently not available” in the online store of Tesco — the world’s third biggest supermarket chain — after ...

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