UK Sanctions Russian Insurer, Judge Resolves JPMorgan Feud, Starmer's Tax Plans Unveiled

The UK has sanctioned Russian insurer Ingosstrakh over its involvement with the Kremlin's 'shadow fleet' of oil tankers. Meanwhile, a London High Court judge resolved a dispute between JPMorgan and Greek fintech founder. Labour leader Keir Starmer announced plans to raise £8.6 billion in tax to stimulate economic growth.

Reuters | Updated: 14-06-2024 08:08 IST | Created: 14-06-2024 08:08 IST
UK Sanctions Russian Insurer, Judge Resolves JPMorgan Feud, Starmer's Tax Plans Unveiled
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Following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- UK imposes sanctions on Russian insurer protecting 'shadow fleet' of tankers - UK judge brings end to JPMorgan's dispute with Greek fintech founder

- Keir Starmer sets out plans to raise 8.6 bln pounds in tax at Labour manifesto launch - UK music festivals face artist boycott over Barclays sponsorship deals

Overview - The UK has imposed sanctions on Russian insurer Ingosstrakh, a key player in the operation of the Kremlin's "shadow fleet" of oil tankers, as part of a push to tighten measures designed to restrict Moscow's energy revenues.

- A London High Court judge has brought to an end a feud between JPMorgan and the founder of a Greek fintech Viva Wallet that the bank part-owns, opening up the possibility of a sale of the business. - British opposition Labour leader Keir Starmer set out plans to raise 8.6 billion pounds ($10.97 billion) in tax in the Labour manifesto on Thursday as he promised to "relight the fires" of economic growth and bring "Conservative chaos" to an end.

- British music festivals such as Latitude and Download are under pressure to cut ties with Barclays over perceived links to Israel, just weeks after a similar dispute led one of the biggest sponsors of literary festivals to pull out of deals. ($1 = 0.7840 pounds) (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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