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    Scots union boss warns Rachel Reeves ‘must pick a side’ ahead of Budget as households struggle

    Scots union boss warns Rachel Reeves ‘must pick a side’ ahead of Budget as households struggle

    Thousands of Scots pupils forced to learn in crumbling school buildings rated ‘bad’ or ‘poor’

    Thousands of Scots pupils forced to learn in crumbling school buildings rated ‘bad’ or ‘poor’

    Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

    Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

    Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

    Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

    Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

    Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

    Anas Sarwar’s woes are about to get worse but Labour still has path to victory

    Anas Sarwar’s woes are about to get worse but Labour still has path to victory

    Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

    Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

    Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

    Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

    Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

    Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

    MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

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      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

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      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

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      Hiring activity in Scotland slows amid steep decline in staff availability

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      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

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      Celtic activists escalate campaign to hit under-fire board in the pocket as they warn ‘not another penny’

      Who the F is Danny Rohl? Anonymous claim about Rangers next manager favourite is anything but a wild rumour

      Who the F is Danny Rohl? Anonymous claim about Rangers next manager favourite is anything but a wild rumour

      Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

      Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

      Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

      Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

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      Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

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      Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

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      Ex Man Utd star faces prison for failure to pay child maintenance

      Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

      Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

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      Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

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      Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

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      Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

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      Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

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        Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

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        Welsh Government accused of being ‘asleep at the wheel’ on major reforms

        Welsh Government accused of being ‘asleep at the wheel’ on major reforms

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        Tearful support worker denies grabbing student and colleague during fire drill

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        Best universities in Wales and the UK named in prestigious rankings

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        Scots union boss warns Rachel Reeves ‘must pick a side’ ahead of Budget as households struggle

        Scots union boss warns Rachel Reeves ‘must pick a side’ ahead of Budget as households struggle

        Thousands of Scots pupils forced to learn in crumbling school buildings rated ‘bad’ or ‘poor’

        Thousands of Scots pupils forced to learn in crumbling school buildings rated ‘bad’ or ‘poor’

        Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

        Palestine’s ambassador to the UK to address SNP conference as peace deal hopes grow

        Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

        Total freeze urged on Michelle Mone-linked assets including Scots properties after £122m PPE ruling

        Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

        Rachel Reeves decision to axe two-child benefit cap would impact millions of Scottish families

        Anas Sarwar’s woes are about to get worse but Labour still has path to victory

        Anas Sarwar’s woes are about to get worse but Labour still has path to victory

        Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

        Seagull summit goes ahead days after SNP minister was forced to quit in row over feathered menaces

        Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

        Scotland becoming more intolerant amid immigration debate, warns Humza Yousaf

        Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

        Alexander Dennis to continue bus building in Scotland as SNP Government offers £4m furlough scheme

        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Peter Mandelson facing sacking calls by SNP over links to paedophile Jeffrey Epstein

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        Greyhound racing set for total ban in Scotland after ministers back MSP’s bill

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

        MSPs should ‘go through vetting’ to be alone with kids after Colin Smyth charges

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        • Business

          Salesforce boss Marc Benioff joins Weev.

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Celtic activists escalate campaign to hit under-fire board in the pocket as they warn ‘not another penny’

          Celtic activists escalate campaign to hit under-fire board in the pocket as they warn ‘not another penny’

          Who the F is Danny Rohl? Anonymous claim about Rangers next manager favourite is anything but a wild rumour

          Who the F is Danny Rohl? Anonymous claim about Rangers next manager favourite is anything but a wild rumour

          Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

          Celtic fans take board aim in fresh banner protest at Parkhead as they tell supporters ‘give them hell’

          Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

          Kasper Schmeichel call made as Celtic make three changes in predicted XI vs Motherwell

          Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

          Brendan Rodgers knows my one Celtic regret but he’s the best I’ve worked under and a true perfectionist

          Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

          Hearts chief demands ‘calm’ amid Rangers pile on as Celtic title tilt sparks knowing warning

          Ex Man Utd star faces prison for failure to pay child maintenance

          Ex Man Utd star faces prison for failure to pay child maintenance

          Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

          Dermot Desmond to ‘take a lead’ in Celtic fan row and ditch golden rule for first time in three years

          Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

          Raging Ally McCoist slaughters Rangers chiefs for ‘unacceptable’ sin

          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Mikel Arteta claim about Ange Postecoglou rings louder than ever as Arsenal boss tosses rivalry aside

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Chris Sutton reacts to ‘misguided’ Celtic transfer declaration as UEFA spending cap claim torpedoed

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Union Bears torch Green Brigade gear as Celtic ultras targeted by gloating Rangers rivals

          Trending Tags

          • Technology
            Apple unleashes M5 as ‘next big leap in AI’ but many ask ‘what’s the difference?’

            Apple unleashes M5 as ‘next big leap in AI’ but many ask ‘what’s the difference?’

            Pig’s liver transplanted to human in world first as medics declare ‘new era has started’

            Pig’s liver transplanted to human in world first as medics declare ‘new era has started’

            Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

            Xbox Game Pass ‘gets biggest update yet’ but could lead to ‘mass unsubscribing’ for one reason

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            ‘Compact’ power bank that is ‘perfect for on the go’ drops to £29 in limited time deal

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            Sky Mobile throws in £210 freebies with Samsung’s new £9 Apple iPad rival

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            Simple steroid creams ‘could help the body fight cancer’ in unexpected discovery

            Simple steroid creams ‘could help the body fight cancer’ in unexpected discovery

            Over a third of Brits lie about their drinking on medical forms, research shows

            Over a third of Brits lie about their drinking on medical forms, research shows

            NHS atorvastatin warning over common ‘nosebleed’ symptom

            NHS atorvastatin warning over common ‘nosebleed’ symptom

            NHS doctor shares common mistake people make at GP appointments

            NHS doctor shares common mistake people make at GP appointments

            ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

            ‘Our son, 18, died when curly hair hid deadly disease – now we’re taking action’

          • Entertainment
            Full list of New and Basic State Pension weekly payments due from April

            Full list of New and Basic State Pension weekly payments due from April

            New update on calls for weekly State Pension payments of £586 for people over 60

            New update on calls for weekly State Pension payments of £586 for people over 60

            DWP timeline for PIP eligibility changes for new and existing claimants

            DWP timeline for PIP eligibility changes for new and existing claimants

            Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

            Debenhams cuts price of ‘beautiful’ £845 watch perfect for Christmas gifting to £99

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            Next shoppers ‘absolutely love’ £34 teddy fleece that’s ‘very cosy’

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            Welsh Government accused of being ‘asleep at the wheel’ on major reforms

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            Tearful support worker denies grabbing student and colleague during fire drill

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            Best universities in Wales and the UK named in prestigious rankings

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          Edinburgh University has more than £1m invested in sanctioned Russian bank

          by Daniel G. Perri
          March 6, 2022
          in Business
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          The University of Edinburgh has shares worth £1.1m in a bank sanctioned after Russia’s invasion of Ukraine.

          As of January this year, records show the university has Sberbank stock, held via fund manager Baillie Gifford, which is based in the Scottish capital.

          The lender, Russia’s largest bank, has already caused tension at Holyrood in the last week as the Scottish Parliamentary Pension Scheme has holdings worth about £300,000 – with MSPs calling for the investments to be removed.

          With almost four times that amount, the university is also facing calls to divest after Vladimir Putin’s invasion, and a spokesman said it will now review its investments.

          As part of Tuesday’s sanctions, Sberbank, which accounts for 35% of the financial sector, has been prohibited from clearing sterling payments through the UK’s financial system.

          The US Treasury has also blocked the bank’s ability to process transactions in US dollars.

          Scottish Liberal Democrat leader Alex Cole-Hamilton joined the call for Edinburgh University to pull out of its investment with the Russian bank.

          “Scotland needs to play its part in putting the squeeze on Vladimir Putin and his regime, and that means using the financial leverage we have,” he said. “It is important to send a message that Putin’s behaviour in Ukraine will not be tolerated or supported.”

          A spokesman for the university said: “In view of recent events and the sanctions that the UK has implemented against the Russian state, we are reviewing our collaborations to take account of any potential security risks.

          “We are reviewing the implications for our endowment portfolio, a small proportion of which includes indirect investments in Russian-related assets.

          “Where these are held in pooled funds, we are engaging with fund managers as part of our review.”

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          Nicola Sturgeon has sought urgent advice on the “maximum possible action” the Scottish Government can take against individuals and organisations linked to Putin’s Russia who have connections to Scotland.

          The First Minister said she is seeking to discover what powers ministers at Holyrood have with regard to those with “close links with the Russian regime”.

          This will consider whether the Scottish Government can step in to freeze or seize any assets in Scotland, she said.

          Sturgeon revealed the move as Scottish Green Ross Greer told MSPs that the Aberuchill estate in Perthshire owned by Russian oligarch Vladimir Lisin had received almost £700,000 in agricultural subsidies between 2016 and 2019.

          The wealthy Russian is on the US Treasury Department’s list of “known Kremlin associates”, Greer said.

          Raising the issue at First Minister’s Questions, he asked Sturgeon if she would “urgently review the agricultural payment system and any other relevant payment system to ensure no member of the Russian elite, no Kremlin associate, is in receipt of public money here in Scotland”.

          Sturgeon said she will make sure that happens as she told MSPs: “I have sought urgent advice on the maximum possible action that the Scottish Government can take within our powers against individuals and entities identifying as having close links with the Russian regime, whether or not they are currently on the UK sanctions list.

          “Options that will be examined include, but are not limited to, ending the support from the public purse or freezing or seizing assets in Scotland, where that is possible.”

          The action came as Sturgeon pledged: “The Scottish Government and our economic agencies will not support trade and investment activity with Russia.”

          Meanwhile, Finance and Economy Secretary Kate Forbes has sent an open letter to Scotland’s business community asking it to show solidarity with Ukraine by ending any links with Russia.

          Forbes said: “We all have a moral duty right now to consider what else we can do to try to stop Putin’s aggression, including via economic action.”

          She praised the “commendable corporate values” of firms which have already acted.

          She added: “Beyond direct investments, reviewing operations for links and connections to Russia – however indirect – and then severing them is the right decision.

          “I welcome the effort being undertaken right now by businesses across Scotland to do exactly that, and encourage them to continue to conduct this work at pace.”

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