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      IMF boss warns on AI ‘tax erosion’ if jobs are wiped out

      IMF Managing Director Kristalina Georgieva speaking at a press conference, addressing global economic challenges.

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      Fine dining experience with various dishes, wine, and a lit candle on a dark wooden table at Cloth Cornhill.

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City A.M. Content

  • Barclays faces £40m lawsuit over breast implant scandal

    September 16, 2022

    Barclays is facing a £40m High Court lawsuit over claims it dishonestly transferred assets, owned by one of Britain’s largest cosmetic surgery providers, to prevent women who were given dangerous breast implants from receiving compensation. The High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital [...]

  • Microsoft’s Activision Blizzard deal faces deeper competition probe

    September 15, 2022

    The competition regulator has referred Microsoft’s $68.7bn snap up of Call of Duty maker Activision Blizzard for an in-depth investigation, spelling danger for the gaming sector's monster deal.

  • Morgan Stanley’s Vishal Gupta and Carmignac’s Mark Denham named City’s top stock pickers in new research

    September 15, 2022

    Morgan Stanley veteran Vishal Gupta is the City’s best portfolio manager when it comes to picking stocks, according to research released today. The Square Mile boss who works for Morgan Stanley Investment Management was recognised as the top brass in a study released by  Essentia Analytics. Mark Denham of Carmignac came in second, while Jonathan [...]

  • OnlyFans should fork out more UK VAT for its subscribers, EU advises

    September 15, 2022

    OnlyFans has been told by EU court advisors that it may need to fork out VAT on the full amount paid by subscribers, not just a discounted sum. OnlyFans’ parent firm Fenix took an initial grievance about VAT to a UK tribunal after HRMC ordered the UK based firm to pay VAT on all the [...]

  • Crypto markets in calm waters as Bitcoin and Ethereum steady the ship

    September 15, 2022

    The price of Bitcoin has stabilised at just above $20k for now at least, changing hands for $20,282 this morning. 

  • Mike Leigh: ‘The Queen dying is emotional but King Charles? That’s another matter’

    September 15, 2022

    For a man seven-times Oscar nominated for films about so-called ‘ordinary’ people, Mike Leigh certainly plays the part. We meet outside the newly opened Garden Cinema, but there’s no blacked-out car to deliver perhaps Britain’s most famous living director. Instead, Leigh appears from around a street corner, alone, clasping a folded chair under arm. If [...]

  • Trainline ticket sales boom as travel app focuses on international expansion

    September 15, 2022

    Trainline said group net ticket sales rocket as the travel firm makes a steady post-pandemic recovery, as it focuses on international expansion amid UK train strike disruption. The online ticketing platform said in its half year results that group net ticket sales grew 116 per cent year-on-year (YoY) to £2.2bn, 17 per cent higher than pre-COVID levels. [...]

  • Wonderville is the capital’s enchanting new Cabaret bar

    September 15, 2022

    There’s honestly very little funnier than awkward suburban dads getting flirted with by overly ostentatious female performers. Especially when they’re dressed in tiny scraps of clothing. Brits are awkward, and then there are suburbanites that get dressed up to go into London to see a cabaret show. They are awkward.   At new London cabaret venue [...]

  • EU upholds record fine against Google over Android forcing it to cough up £3.5bn

    September 14, 2022

    The EU has largely upheld its record antitrust fine against Google this morning, marking a major blow for the tech giant.

  • Financial markets see pullback after worse-than-expected US inflation figures

    September 14, 2022

    The price of Bitcoin is down 8.5 per cent over the past 24 hours at $20,335, and Ethereum has dropped 6.4 per cent to $1,601.

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