Brexit exclusive: UK firms face IBAN discrimination across EU as GB payments are refused October 7, 2021 As the clocks turned 2020 into 2021 the UK left the European Union after 47 years. The decision divided the country, and businesses everywhere were forced to adapt to, and comply with, new regulations. Certain industries were more affected than others, and businesses which had some sort of international presence benefited from a smoother transitioning period, [...]
Brexit exclusive: UK firms face refused GB payments due to IBAN discrimination across EU – CityAM : CityAM October 7, 2021 As the clocks turned 2020 into 2021 the UK left the European Union after 47 years. The decision divided the country, and businesses everywhere were forced to adapt to, and comply with, new regulations. Certain industries were more affected than others, and businesses which had some sort of international presence benefited from a smoother transitioning period, [...]
Half of all Brits would struggle to afford food if they lost £1,000 October 7, 2021 Around half of all Brits would struggle to pay for food if they lost less about £1,000, with one in three ending up in financial difficulty if this figure was £500, according to a new survey, shared with City A.M. this morning. Moreover, just over a quarter of people said their mental health would be [...]
What’s the story? Sairah Ashman on why brand matters more than ever October 7, 2021 | City Talk This article first appeared in ICAS’ CA magazine. Branding, for both your business and personal profile, has gained in importance over the past two years. Sairah Ashman, Global CEO of creative consultancy Wolff Olins, tells Lysanne Currie why the brand matters more than ever in a post-pandemic, values-led world When Sairah Ashman was little, her mum [...]
Rolls-Royce to take centre stage in UK’s Global Investment Summit October 7, 2021 Rolls-Royce and 11 other British businesses will be at the forefront of the UK’s Global Investment Summit this month, which is to be hosted by the Royal Family. The summit, which is being run by international trade secretary Anne-Marie Trevelyan and her department, is a part of the government’s drive to increase foreign direct investment [...]
Revolut could be launching its own crypto token October 6, 2021 The ultra fast payments service Revolut could be launching its own crypto token according to sources familiar with the matter. The company offers banking services through its flagship mobile app and already allows customers to buy and sell crypto currencies. The UK’s biggest FinTech company, valued at $33bn, wants to take things a step further [...]
Boris Johnson urges people to get back to the office October 6, 2021 Boris Johnson has called on people to return to their offices and ditch remote working, with the Prime Minister urging young people to embrace traditional working patterns. Johnson said in his keynote Conservative party conference speech today that a “productive workforce” only comes from “face to face meetings and water cooler gossip”. The government has [...]
Next boss: Not constructive to say UK is addicted to cheap labour – CityAM : CityAM October 6, 2021 Next boss Lord Wolfson has hit back at the Prime Minister’s claims that businesses like his want the government to “fix every problem” by lifting immigration controls. Lord Wolfson, who supported Brexit, told CityAM last month he would urge the government to ease immigration in line with demand, to help fill roles in retail and [...]
NFT platform Sorare announces partnership with Germany’s Bundesliga : CityAM October 6, 2021 Sorare, the company behind an NFT-based fantasy football game, has become an official partner of the top two divisions of Germany’s football league. The Bundesliga announced today that digital images of its players will be turned into tradable football cards which can be used to build a fantasy team on the SoRare platform – each [...]
Uber strike over ‘racist’ facial recognition algorithm as case heads to tribunal – CityAM : CityAM October 6, 2021 A union is taking legal action against Uber for what it claims is indirect racial discrimination. The Independent Workers’ Union of Great Britain (IWUGB) is taking Uber to court on behalf of one of its members who says their account was terminated because of a facial recognition algorithm used to identify drivers incorrectly mis-identified drivers [...]