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City A.M. Content

  • North Korea calls talks with US ‘regrettable’ just hours after Pompeo says progress has been made

    July 7, 2018

    The North Korean Foreign Ministry has said this afternoon that talks with US secretary of state Mike Pompeo were “regrettable” and accused Washington of making “unilateral demands for denuclearisation.” The tough statement comes hours after Pompeo said progress with North Korea had been made “on almost all of the central issues” including denuclearisation, although he [...]

  • Zuckerberg overtakes Buffett as third-richest person after share price bump

    July 7, 2018

    Facebook founder Mark Zuckerberg has leapfrogged legendary investor Warren Buffett to become the third-richest person on earth, according to Bloomberg’s Billionaires Index. Zuckerberg, 34, is now worth roughly $81.6bn (£61.4 bn) after shares in Facebook climbed 2.4 per cent yesterday, making him roughly $370m richer than the 87-year-old business magnate and chairman of Berkshire Hathaway. [...]

  • Businesses should be celebrating Pride all year round

    July 7, 2018

    It’s no secret that people perform better when they are accepted without exception. Companies have a responsibility – both in terms of ethics and for the sake of business success – to create a culture that allows every employee to be themselves and reach their full potential. However, as we mark Pride today, it is [...]

  • Half-science, half-mysticism, the world of biodynamic wine is weird and wonderful

    July 6, 2018

    Crates filled with horns sit in a corner of a wine cellar in Tuscany. Outside, the summer air is stifling, but underground a chill draught snakes around the dozen or so giant barrels that line the corridor like great oaken sentinels. Amid all the winemaking paraphernalia, the piles of cow horns look incongruous, like an [...]

  • Can Oman double its tourism in just six years? Jenny Southan visits the nation’s top luxury retreats to find out…

    July 6, 2018

    Just metres beyond the hotel’s infinity pool is the edge of a cliff that gives way to an enormous canyon that stretches towards the horizon. This is one of the highest points in the Middle East – 2,000 metres above sea level – and if you dare to venture over this precipice you can make [...]

  • Share price of Aim-listed PipeHawk more than doubles after contract win

    July 6, 2018

    Shares in Aim-listed engineering company PipeHawk soared over 130 per cent this afternoon after the company announced a major contract win. The firm’s subsidiary QM Systems has been selected to work with Cox Powertrain to develop a production system for a new diesel engine for boats. Cox Powertrain’s light weight diesel outboard engine, developed with [...]

  • FairFX’s (FFX) share price jumps by 15 per cent, as the digital banking fintech passes a market cap of £200m

    July 6, 2018

    Multicurrency payments fintech FairFX’s share price rose by as much as 15 per cent this morning, after announcing more than £1bn in turnover for the first half of 2018 boosted by its recent acquisition spree. Total turnover for the first six months of the year was up by 146.2 per cent year-on-year from £434m in [...]

  • US job growth beats expectations as US dollar dips

    July 6, 2018

    The US created 213,000 jobs last month with official figures proving far stronger than expected, although unemployment also climbed 0.2 per cent. The closely-watched non-farm payroll report exceeded forecasts of 195,000 new jobs in June, with job growth in healthcare and manufacturing industries trumping employment loses in retail trade. However, the US dollar fell as [...]

  • HTC sales drop 68 per cent in June, the biggest slump the smartphone maker has had in over two years

    July 6, 2018

    Smartphone maker HTC today released sales figures for June which showed the company is currently undergoing its biggest slump in more than two years. HTC said its consolidated revenue for June 2018 came in at 2.23bn Taiwanese dollars (£55.3m), falling 67.64 per cent from the same month last year at $6.8bn. Its numbers also fell [...]

  • Trump gives Kim Jong-un “rocket man” CD as denuclearisation talks begin

    July 6, 2018

    Donald Trump has signed and gifted an Elton John CD to Kim Jong-un amid denuclearisation talks, in a joking reference to earlier feuds between the two leaders in which the US president branded the dictator as a “little rocket man”. The CD, which includes Elton John’s hit single Rocket Man, will be presented by US [...]

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