Exclusive: Freight Right CEO on worsening vessel congestion in America’s busiest container port September 29, 2021 To highlight the global state of the current supply chain, City A.M. caught up with Freight Right CEO Robert Khachatryan. Khachatryan offered to provide a visual representation of the current problem, and explained the issues that his firm, and many other freight companies, are currently facing. Watch the full report.
Court gives £600m compensation case against BT the green light – CityAM : CityAM September 28, 2021 A court has approved a £600m legal case against BT, on behalf of some 2m landline customers who claim they have been overcharged. The telecoms giant was investigated by Ofcom in 2017 for similar claims, which led to BT trimming future bills for those who felt short-changed. Director of Advocacy and Policy at Which?, Rocio [...]
Labour conference: City lawyers would be forced to give free help to rape victims under Starmer September 28, 2021 A Labour government will force City lawyers to take on 35 hours a year of free work on behalf of rape victims, shadow justice secretary David Lammy has announced. The new policy would see City of London firms disqualified from winning government contracts unless every one of their lawyers undertakes the pro bono work. Lammy [...]
Joe Rogan labels NFTs a ‘crypto currency hustle’ – CityAM : CityAM September 28, 2021 US sports commentator and social media personality Joe Rogan called NFTs a “crypto currency hustle” in recent comments on his podcast. When asked whether he would buy an NFT by guest Patrick Bet-David, an entrepreneur, Rogan said he was “not interested.” He continued by saying, “It’s a weird hustle, I think it’s like a crypto [...]
Europe becomes the world’s largest crypto market as UK adoption surges September 28, 2021 EUROPE has been crowned the world’s largest crypto market with investment in decentralised finance (DeFi) driving a surge in transaction volumes. European countries received more than $1tn (£734.4bn) worth of cryptocurrency in the space of a year, which represents 25 per cent of global activity, according to a new study by Chainalysis. The UK was [...]
Bitcoin and Ethereum head into decline as investors look to play safe after China ban September 28, 2021 Bitcoin is currently changing hands for around $42k, down from just below $44k yesterday. Ethereum has also fallen to below $2,900 again.
Vista Equity Partners eye buying British automation software firm Blue Prism – CityAM : CityAM September 27, 2021 Private equity firm Vista Equity Partners is reportedly nearing an agreement to buy British automation software developer Blue Prism. The software group is said to be eyeing an offer of 1,125p a share, which it could recommend today, Bloomberg first reported. It follows reported talks with Vista and US investment firm TPG in late August. [...]
Downing Street has cycling lanes row with TfL over £100m funding allocation September 27, 2021 Long-running tensions between Downing Street and City Hall have ignited again, after Transport for London (TfL) were slapped down over plans to give £100m to councils that have ripped out cycle lanes. Documents obtained by The Telegraph showed that TfL wanted to give £100m to councils that had removed cycling lanes and eliminated low traffic [...]
Gina Miller launches new True & Fair political party September 27, 2021 Anti-Brexit campaigner Gina Miller has announced plans to launch a new political party named True & Fair. Miller today confirmed that she has submitted an application to the Electoral Commission to register as a political party in England and Wales which she intends to lead. She said, “this Government needs to be held to account. Voters [...]
Cryptocurrency sentiment remains bullish in wake of Beijing’s Bitcoin ban September 27, 2021 Bitcoin’s price fell from $45,064 to $40,759 in the wake of Friday’s news from China. Ethereum and other cryptocurrencies followed Bitcoin’s lead.