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5 Things You Need To Know, Today, on Friday 11th March 2022
5. The London Metal Exchange will not restart the trading of nickel contracts today as anticipated because the criteria for restarting have not been met.
LME was forced to halt nickel trading and cancel trades after prices soared over $100,000 per tonne on Tuesday in a surge blamed on short covering by one of the world's top producers.
4. The owner of Facebook and Instagram will allow users in some countries to call for violence against Vladimir Putin and Russian soldiers.
Meta says it has temporarily made allowances for some violent speech, like "death to the Russian invaders," that would usually break its rules.
3. The boss of one of Ukraine's biggest food producers said that if its operations fail, it would have a "catastrophic" impact on the army and the country's wider population.
MHP is a London listed poultry company with over 30,000 workers in Ukraine.
2. Chelsea FC owner Roman Abramovich has been sanctioned by the UK government as part of its response to Russia's invasion of Ukraine.
He is one of seven oligarchs to be hit with fresh sanctions, including asset freezes and travel bans.
1. The United States has condemned reports that Moscow may seize the assets of businesses which have stopped operating in Russia over the invasion of Ukraine.
White House press secretary Jen Psaki warned that such a move will result in "more economic pain".