Cop26: Boris Johnson pushes China for ‘more progress’ on its climate commitments November 2, 2021 Boris Johnson has called on China to make “more progress” on its climate change commitments at Cop26, while urging the country to commit to peaking its Co2 emissions before 2030. Johnson said as world leaders began to leave the United Nations summit in Glasgow today that “we’re keeping the pressure up” on China to commit [...]
Business travel to reach two thirds of pre-pandemic levels by 2022 – CityAM : CityAM November 2, 2021 Business travel spending is expected to rise by more than a quarter, reaching two thirds of pre-pandemic levels by 2022. According to a report made by the World Travel and Tourism Council (WTTC) and McKinsey, this year’s 26 per cent rise in global travel spending will increase in 2022, going up by 34 per cent. [...]
Cop26: Boris Johnson calls for end to ‘great chainsaw massacre’ in wake of deforestation deal November 2, 2021 Boris Johnson has called for an end to the “great chainsaw massacre” in the wake of a landmark deal signed yesterday by world leaders to reverse deforestation. Johnson said at the United Nations’ Cop26 climate summit today that the deal is “not just a vital win in the struggle to contain global temperature increases, it [...]
Bitcoin price steady at $63k as Polkadot steals march November 2, 2021 The price of Bitcoin continues to hover around the $63k mark today, up almost $1,000 from 24 hours earlier.
The age of Brexit Blairism: Rishi Sunak bet his budget on New Labour’s success – CityAM : CityAM November 2, 2021 Last week, while many in Westminster were gripped to the BBC’s ode to New Labour, the Blair & Brown documentary, Boris Johnson seemed to take it literally. His boosterism has finally defeated Treasury orthodoxy. As such, this is a very different Conservative Government to the ones in the last decade. It is one that will [...]
Is Open Interest data pointing to an imminent Bitcoin sell-off? November 1, 2021 Open Interest in Bitcoin Futures is giving crypto analysts cause for concern as it closes in on its all-time high, leading to the possibility of a brutal correction.
Jefferies and Cantor reach settlement on banker poaching squabble in London court November 1, 2021 American finance bigwigs Jefferies and Cantor Fitzgerald have reportedly agreed to settle a London lawsuit after a years-long battle that centred around a mass migration of bankers between the firms in multiple locations. It brings an almost three year lawsuit to an end, after Jefferies first filed a lawsuit in London against the brokerage and [...]
Chinese-backed takeover review delayed amidst new UK security law – CityAM : CityAM November 1, 2021 A security review of the Chinese-backed takeover of Britain’s biggest microchip plant has been delayed until next year. Sources close to the £63m takeover of the Newport Wafer Fab by Wingtech-owned Nexperia said that a review ordered by Boris Johnson was unlikely to be reported before the new year. Nexperia, based in Amsterdam but owned [...]
Faith restored: Gothic-style converted church goes on sale for £2m in Brighton November 1, 2021 City workers hoping to escape the capital can look to Brighton for a ubiquitous converted church. The two bedroom property on Queensbury Mews, in the city’s desirable BN1 postcode, is on sale on RightMove, with a guide price of £2m. Its listing says it combines “the most wonderful mix of both contemporary interior design,” while [...]
End of investor lock-up causes further fall in Darktrace share price – CityAM : CityAM November 1, 2021 Shares in cybersecurity company Darktrace continue to fall sharply as share lock-up on insiders expires on Wednesday. The FTSE 100 company fell as much as 14.7 per cent this morning, and was down around 12.5 per cent by midday. A freeze on insiders offloading shares will end for the company’s biggest investors, meaning tech investors [...]