BREAKING: China in all-out crypto crackdown as it declares all payments illegal : CityAM September 24, 2021 China’s central bank has declared that all crypto currency payments are illegal causing the global market to crash by 5.9 per cent at 11am UK time. A Q&A posted on the People’s Bank of China’s website outlining government guidelines for cracking down on cryptocurrency trading has said all crypto payments are against the law. It [...]
Avro Energy used by boss to pump cash into family firms – CityAM : CityAM September 24, 2021 The boss of Avro Energy reportedly used the recently collapsed energy firm to pump more than £3m into his family’s other businesses and accounts. The firm’s collapse has led to around 580,000 families fearing higher bills this winter and is the biggest failure of a household supplier so far amid the UK’s gas crisis. Also [...]
UK paid £2,380 per fatality for 289 civilian deaths in Afghanistan’s Helmand province September 24, 2021 The deaths of 289 civilians in Afghanistan were compensated by the UK government. This included at least 16 children, according to analysis of official figures. The study of internal Ministry of Defence documents shows overall, £688,000 was paid out by the British military for the deaths, an average of £2,380 per fatality. Some £397,000 was [...]
BREAKING: Port of Dover blocked by climate protestors – CityAM : CityAM September 24, 2021 Around 40 people are currently blocking the Port of Dover, Europe’s busiest ferry port. Two groups have blocked the A20: at the Eastern Docks roundabout and near the junction with Union Street for the Western Docks. The offshoot of Extinction Rebellion caused chaos on the M25 motorway five times in the past fortnight, but were [...]
The long shadow of Merkel: Germany has a future of delay and gridlock – CityAM : CityAM September 24, 2021 The German public have a deep-seated, if misplaced, love for Angela Merkel. It centers around the notion that mutti (or “mommy”, as the Germans somewhat creepily call her) managed, through the skillful use of tactics, to keep many of the perils of her age away from placid Germany. Merkellism’s reliance on managing crises rather than [...]
Priti Patel’s encryption war is a master key for surveillance – CityAM : CityAM September 24, 2021 Priti Patel has put encryption in her sights. The Home Secretary has backed a campaign to prevent Facebook rolling out end-to-end encryption across its many platforms, accusing secure messaging sites of harbouring pedofiles. Patel wants a back door to privacy. This month, the Home Office launched a new fund to combat child sexual abuse material [...]
Goldman Sachs exec who led consumer banking push due to exit September 23, 2021 A Goldman Sachs executive at the forefront of the company’s push into consumer banking is due to exit in October. Harit Talwar was the first employee of Marcus, the bank’s consumer lending business which now has 8m customers, $100bn (£72.8bn) in deposits and boasts partnerships with brands including Apple, Amazon, Walmart and General Motors. In [...]
Finalists are revealed for the glittering Crypto AM Awards September 23, 2021 THE shortlist of nominations for the Crypto AM Awards next Thursday has been revealed.
Nominations shortlist revealed for the glittering Crypto AM Awards – CityAM : CityAM September 23, 2021 THE shortlist of nominations for the Crypto AM Awards next Thursday has been revealed. A remarkable list of industry stars, it celebrates some of the most important people involved in the world of blockchain, cryptocurrency, DeFi and AI. The honoured guests will be gathering at the prestigious Leonardo Royal Hotel in St Paul’s for London’s [...]
First gas stations close as BP and Esso ration fuel – CityAM : CityAM September 23, 2021 The first UK gas stations are closing as a chronic shortfall of qualified drivers causes petrol and diesel deliveries to dry up. BP and Esso owner ExxonMobil have announced that deliveries of petrol and diesel to forecourts across the UK will be reduced to ensure supplies do not run out. Suppliers say In a statement [...]