Here’s what we have for you today:
• The Ukrainian cleanse
• Twitter in the weeds
• UK sitting at the drain
King Charles’ Crown Estate Sues Twitter
What happened? Twitter, which has occupied the building since 2011, allegedly failed to pay rent for its office space in London’s West End, according to a lawsuit filed recently in London’s High Court.
Reoccurrence: The lawsuit in London comes less than a month after the landlord of a commercial building on California Street in downtown San Francisco filed a suit against Twitter. In addition to failing to pay rent on a commercial building it recently vacated in Seattle.
What else? Another lawsuit outside of rent includes a private jet company claiming Twitter committed a breach of contract for failing to pay for two charter flights.
Top Ukrainian officials gone over corruption allegations
The stance: Ukrainian President Volodymyr Zelensky vows to crack down on pervasive corruption in the war-scarred country.
Reason: The European Commission which listed Ukraine as a candidate to join the European Union last year- request Ukraine to “further strengthen the fight against corruption” before the country is granted membership.
Fact: Transparency International, a Berlin-based nonprofit that measures corruption in countries by weighing scandals and acts by a government to limit civil and political freedoms, ranked Ukraine as the second-most corrupt country in Europe in 2021.
UK business activity goes down at the fastest pace in two years
Prediction: Britain is expected by many economists to suffer a recession in the first half of 2023 before a modest recovery later in the year.
The pressure: Inflation, which has stayed above 9% since last April 2022, is forecast to fall back before the end of the year, taking the pressure off the Bank of England to keep raising rates.
Others: The Chinese and US economies are forecast to improve later this year while the eurozone is on course to avoid a recession.