A London art gallery will soon accept bitcoin and other cryptocurrencies as payment June 29, 2017 In a UK first, a London art gallery will soon accept bitcoin and other cryptocurrencies as payment for works of art. Dadiani Fine Art, a gallery in Mayfair, will take any of the six leading digital currencies, including bitcoin, ethereum, litecoin and others. “We are combining old world business ethics and practice with the new [...]
London’s best restaurants explain how they design their dining spaces, from banquette to banqueting table June 29, 2017 Few things in the restaurant design world have been so hotly debated as the humble tablecloth. Since Noma stormed onto the international food scene in 2003, the rulebook for what a high-end restaurant should look like went out the window; gone were the plush carpets, extravagant chandeliers and, most importantly of all, the table cloths. [...]
Spreadbetting crackdown: European intervention prompts delay by UK regulators June 29, 2017 British financial regulators have delayed an eagerly awaited decision on spreadbetting reforms after European authorities stepped in, revealing groundbreaking plans to crack down on the trading of riskier products. The Financial Conduct Authority (FCA) has been considering responses to proposals it made last December to shackle certain elements of increasingly popular trading platforms. A decision [...]
We have Apple to thank for a decade of fintech revolution | City A.M. June 29, 2017 Today marks the 10 year anniversary of when the iPhone first went on sale, and to say it has transformed how we work, interact, and run our day-to-day lives is an understatement. The iPhone has not only led to significant technology advancements in the smartphone space, it has also been the driver of mass industry [...]
Are we overestimating the benefits and ignoring the pitfalls the iPhone has brought in the past 10 years? June 29, 2017 Q: Are we overestimating the benefits and ignoring the pitfalls the iPhone has brought in the past 10 years? YES – Aral Balkan, cyborg rights activist and co-founder of Ind.ie On 9 January 2007, I was sitting at Moscone West watching Steve Jobs announce “three revolutionary products… a widescreen iPod with touch controls, a revolutionary [...]
One in six London workers are EU nationals as employers warily eye immigration restrictions June 29, 2017 More than one in every six workers in London are EU nationals, according to new research which underlines the vulnerability of the capital to restrictions on immigration after Brexit. Some 17 per cent of the London labour force come from the EU, by far the highest proportion among the British regions, according to the Recruitment [...]
Federal Reserve gives largest US banks the green light to splash the cash in the second round of stress tests June 28, 2017 Major US banks have performed well in the second round of annual stress tests, as the Federal Reserve (Fed) tonight approved plans for the country’s largest institutions to distribute cash to shareholders. The stress tests, brought in after the financial crash, are designed to ensure that banks could cope in a crisis. The Fed’s approval [...]
Financial Conduct Authority (FCA) asset management report on the £7 trillion asset management industry could sideline active funds June 28, 2017 A push by the Financial Conduct Authority (FCA) to reform the UK’s £7 trillion asset management industry has garnered a mixed reception, with some predicting that the shake-up could drive certain managers out of the market. Designed to increase transparency and lower costs for investors, the FCA’s 112-page report published today included recommendations that fund [...]
EU considers new taxes as it scratches its head over the budget funding shortfall from Brexit June 28, 2017 The European Commission is considering new taxes for EU members to fill the funding gap that will emerge when the UK exits the bloc. The UK was the second largest net contributor to the EU budget in 2015, providing £12bn. Read more: Carney: Tighter policy needed if businesses look through Brexit uncertainty When the UK [...]
Sadiq Khan has just launched a £70m fund to support regeneration in London June 28, 2017 London mayor Sadiq Khan has launched a £70m regeneration programme to improve the capital’s high streets, communities and open spaces. Called the “Good Growth Fund”, the programme is open to public, private and third-sector organisations including London boroughs, community groups and charities that drive regeneration in their local area. Read more: London’s most polluting buses [...]