Uber showcases employees’ business ideas in Oxford Street pop-up – CityAM : CityAM October 8, 2021 Uber is launching a pop-up store on Oxford Street – London’s busiest shopping artery – to test some of the products and services designed by its drivers and couriers. Open throughout October, the store will be operate from Monday to Thursday, giving employees an opportunity to showcase their business ideas to the general public. The [...]
Pandemic recovery: London minister expects the capital to ‘be the last to bounce back’ – CityAM : CityAM October 8, 2021 London’s post-pandemic recovery is expected to take longer than the rest of the country, due to the sheer scale of the capital. Minister for London, Paul Scully has cautioned that while the city – a business and financial hub – would usually be one of the first areas to bounce back following a recession, this [...]
City of London Corporation will not remove statues of slavers : CityAM October 7, 2021 The City of London Corporation has U-turned on its decision to remove controversial statues of a slave owner and slave trader from its Guildhall headquarters. The Square Mile’s local authority said the statues of Sir John Cass and William Beckford would remain in place, but will have “plaques or notices placed alongside them, with contextual [...]
Crypto exchange Gemini calls on UK firms to get serious about regulation : CityAM October 7, 2021 Those in the crypto space need to engage proactively with regulators to help bring them up to speed according to crypto exchange, Gemini. At the Token2049 conference in London leading voices from the digital asset industry debated the best way to engage with regulation. “We’re in this crypto landscape now, it’s 12 odd years old, [...]
Brussels tells France to cool post-Brexit row with UK over fishing licences October 7, 2021 Brussels has told the French government to calm its rhetoric over a fishing row with the UK, after Paris threatened to turn off power to the Channel Islands this week. The EU, and individual European governments, have reportedly told Emmanuel Macron’s government that the threats to shut off power to Jersey and Guernsey or to [...]
Smart solutions to food supply chain disruptions October 7, 2021 | Sponsored The food, gas, and fuel supply challenges that the UK has recently faced are a perfect illustration of the risks associated with imperfect supply chain management. These challenges will continue – and potentially increase – given increased customs checks, the ongoing pan-European labour shortage in key logistics industries, and the trend towards national resilience in [...]
Industrials rally lifts FTSE 100 but inflation jitters linger October 7, 2021 A rally among industrial stocks lifted London’s FTSE 100 this morning, but concerns about stickier than expected inflation tempered gains on the capital’s markets. The FTSE 100 added 0.78 per cent to rise above the 7,000 threshold in the opening session. Market sentiment has been stung by concerns the UK economy is headed for a [...]
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 [...]