What China crisis? Crypto markets rally despite Beijing clampdown September 27, 2021 The price of Bitcoin and other leading cryptocurrencies tumbled on Friday, as news spread that China’s central bank had again declared all crypto-related transactions illegal.
Labour to launch taskforce into ‘dirty money’ in the City : CityAM September 27, 2021 Labour will set up a taskforce into “dirty money and ill-gotten gains” that have been laundered in the City of London, Lisa Nandy has announced. The shadow foreign secretary told the Labour party conference this morning that the Taskforce on Illicit Finance will aim to make the UK “the most inhospitable place in the world” [...]
Home buyers paying premium of up to £40k on energy efficient houses – CityAM : CityAM September 27, 2021 Home buyers wanting to settle down in the top energy efficient homes face prices of up to £40,000 more than less sustainable options. Environmentally aware home buyers are willing to pay a ‘green premium’ as homes in all parts of England and Wales sell for a higher price depending on the quality of their energy [...]
Markets: FTSE 100 lifted by Rolls Royce and oil price surge – CityAM : CityAM September 27, 2021 The capital’s premiere FTSE index has been lifted by 0.3 per cent this morning, reaching a high of 7,122.09 points, after oil prices soared. Rolls Royce Holdings led gains climbing by 6.91 per cent after winning a contract from the US Air Force. Brent crude was trading at close to $79 a barrel, helping shares [...]
Bitcoin boom: Hong Kong listed crypto stocks slide in wake of China crackdown – CityAM : CityAM September 27, 2021 Hong Kong listed digital currency stocks have nosedived today following Beijing’s declaration that all crypto payments are illegal. Huobi Global, a crypto currency exchange, saw its share price plummet by 21.87 per cent compared to its previous close price. OKG Technology, a fintech and construction company owned by the founder of crypto exchange OK Coin, [...]
Turkey farmers blame Brexit for labour shortage that would ruin Christmas – CityAM : CityAM September 26, 2021 Brits face the threat of no turkey this Christmas as a result of Brexit and subsequent lack of labour, the Traditional Farm Fresh Turkey Association (TFTA) has warned. While small local farms are unlikely to be impacted, the UK’s supermarkets could see a ‘national shortage’ of turkeys in the run-up to the festive season due [...]
Unilever remote staff must have 24-hour commute to the office – CityAM : CityAM September 26, 2021 Unilever has told its remote workers they must not stray too far from the office and should live within a 24-hour commute. The Dove owner has told employees they must be able to come into the office at a day’s notice if required for an emergency meeting. The company has defined a 24-hour trip as [...]
Brits’ energy bills to swell more than £300 with poorest hit hardest – CityAM : CityAM September 26, 2021 Brits’ household bills are set to swell over the next year, with the poorest households being hit hardest by the energy crisis, according to new research. Energy bills will rise by more than £300 over the next year, highlighting the scale of the impact the crisis will have on Brits’ finances, shows research by the [...]
D-Day in Germany: End of the Merkel era as Germans go to the polls in three-way battle September 26, 2021 As polls have opened in Germany and election day has begun for just over 60m eligible voters, Europe’s largest economy is seeing its first three-way contest for the chancellery as the environmentalist Greens join the country’s two traditional big parties in fielding a candidate for the top job. The Social Democrats’ candidate, Olaf Scholz, is [...]
AUKUS pact is ‘crazy beyond belief’ as it triggers new cold war, says Jeremy Corbyn September 26, 2021 Britain should stay out of a defence pact that he fears could see the country drawn into a new cold war with China, according to former Labour leader Jeremy Corbyn. Speaking at an event at The World Transformed conference, which is running alongside the Labour Party conference in Brighton this weekend, Corbyn said the idea [...]