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 [...]
Meet Deborah Finkler: The first female leader of City firm Slaughter and May September 23, 2021 Deborah Finkler will be Slaughter and May’s first female managing partner as the Magic Circle firm restructures its executive team. Finkler, a graduate from the University of Cambridge, where she studied economics and law, became a partner at Slaughter and May 30 years ago, after five years as an associate at the company. She was one [...]
Exclusive: Record £38bn in tax by self-employed shows HMRC’s ‘peak leniency has passed’ September 23, 2021 The amount of income tax paid by self-assessment taxpayers has jumped 31 per cent to hit a record £38bn in the past year, up from £29bn the previous year, according to an analysis of HMRC tax receipts that was shared exclusively with City A.M. today. The boom in tax revenues from the self-employed is because [...]
BP to ration fuel amid driver shortages – CityAM : CityAM September 23, 2021 BP has announced fuel will be rationed as the shortage of heavy goods vehicle drivers drags on the oil giant’s petrol and diesel supplies. At a government meeting last Thursday, BP told officials that last the company’s ability to transport fuel from refineries to its network of forecourts was faltering. Fuel will now be rationed [...]