Kwarteng says there are no plans for energy price cap for businesses : CityAM October 10, 2021 Kwasi Kwarteng has suggested he will not be implementing an energy price cap for businesses, despite warnings from the private sector that many manufacturers could go bust without one. The business and energy secretary said he was “talking all the time with industry about what the best way forward is”, but said an energy price [...]
Breakthrough week for historic corporate tax deal: 140 nations including Ireland are on board October 9, 2021 The international community is moving towards sweeping changes to how big multinational companies are taxed to prevent them from stashing profits in offshore havens where they pay little or no tax after 140 countries have agreed to sign the deal. Under the agreement, countries would enact a global minimum corporate tax of 15 per cent [...]
BREAKING: Total power outage in Lebanon with entire country down, may last for several days – CityAM : CityAM October 9, 2021 The electricity grid in Lebanon has reportedly cut off electricity in the entire country as the two main power stations ran out of fuel. The blackout in the country of almost six million is expected to last for several days, a government source told various regional media. The al Zahrani and the Deir Ammar power [...]
Covid capital: Cases in UK now five times higher than in France, Germany and Spain : CityAM October 9, 2021 The UK has become the Covid capital of Europe with daily case numbers soaring above 36,000 according to the latest government figures. Rates of infection in the UK are five times higher than neighbouring countries in Western Europe with only a handful of European countries, such as Romania and Serbia, registering greater infection levels. In [...]
PM appoints former Tesco boss Dave Lewis as supply chain adviser : CityAM October 9, 2021 The government has appointed the former boss of Tesco, Sir Dave Lewis, to help fix supply chain issues which are leaving UK supermarket shelves bare. Lewis, who stepped down from the helm of the supermarket giant in September, will become the government’s supply chain adviser after it was revealed one in six adults have been [...]
First wealthy parents convicted in the college admissions scandal that rocked America October 9, 2021 Late last night UK time, in the first case to go to trial in the notorious college admissions cheating scandal in the US, two wealthy parents were convicted of buying their children’s way into school as athletic recruits. Gamal Abdelaziz, a former casino executive, and John Wilson, a former Staples executive, were found guilty after [...]
London girls and women, here is all you need to know about the ‘walk me home’ service October 9, 2021 A phone service aimed at protecting women as they walk home has received the backing of the government. The idea was launched following the outcry caused by the murder of Sarah Everard. BT is said to be working on the emergency phone service, primarily to protect women as they walk home. Here is all you [...]
Revealed: The UK’s top 10 hottest property markets where house prices rise fastest October 9, 2021 City A.M. can reveal this morning what are the property hotspots across Britain at the moment, with Toxteth in Liverpool being identified as the number one market, with a 20 per cent increase in the average price tag for a home over the past year. Accrington in Lancashire, Retford in Nottinghamshire and Heywood in Greater [...]
High Court: Man claiming to have invented Bitcoin set to be awarded damages : CityAM October 8, 2021 The High Court is poised to award damages to an Australian computer scientist who claims he is Bitcoin’s pseudonymous founder, Satoshi Nakamoto. Dr Wright is pursuing a defamation claim against podcaster Peter McCormack who repeatedly accused him of fraudulently claiming to be Bitcoin’s elusive creator. The High Court today handed down an initial judgement at [...]
Bitcoin is ‘overpriced’ as it is worth no more than $28k, says ByteTree’s investment chief October 8, 2021 Bitcoin, the world’s most popular cryptocurrency, is double the price it should be at fair value, according to the Chief Investment Officer of ByteTree. Charlie Morris of ByteTree, a provider of digital asset data, made the statement earlier today at the Token2049 conference in London, where he met with representatives from Coinbase and Galaxy Digital [...]