Brexit exodus: More than 200,000 EU nationals left Britain last year – CityAM : CityAM September 17, 2021 The number of European Union nationals who are living in the UK has fallen dramatically, figures show today. Office for National Statistics (ONS) data for 2020 shows that within a year, the population of EU nationals in the UK dropped by 200,000, from 3.7m to 3.5m. Experts have said the Covid-19 pandemic and Brexit have [...]
NATO appoints first Chief Information Officer – CityAM : CityAM September 17, 2021 NATO has announced Manfred Boudreaux-Dehmer will become its first Chief Information Officer, heading up IT procurement and cyber security. Boudreaux-Dehmer joins the organisation from Sierra Wireless, a global tech company where he serves as Vice President of Systems and Technology. The new hire will help the international defence alliance to pursue modernisation. “We welcome the [...]
Get your entries in for the Crypto AM Awards – deadline is this Monday September 17, 2021 The deadline for the Crypto AM Awards is looming, but there's still time to enter before entries close on Monday morning.
A confusing catalogue of crypto curiosities – what a week that was! September 17, 2021 It's been a strange week in the world of crypto, writes Jason Bourne, as we reflect on a catalogue of curiosities.
City should brace itself for €900bn Brexit hit if Brussels plays clearing politics – CityAM : CityAM September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
Retail sales fall as reopening bounceback runs out of steam September 17, 2021 Retail sales volumes dropped 0.9 per cent last month as Brits rushed to dine out at restaurants when lockdown restrictions eased and stores faced supply disruption. A dip in food store sales of 1.2 per cent and a 1.5 per cent jump in automotive fuel sales suggests that people leaned into post-lockdown freedoms by travelling [...]
Travel rules set for major overhaul with costly PCR tests to be axed – CityAM : CityAM September 17, 2021 The UK’s travel restrictions are set for a major overhaul today, with a raft of changes expected to be announced later. It has been widely reported that ministers will scrap the requirement for double vaccinated passengers to take pricey PCR tests when they return to the UK. Also Read: Rallying travel stocks lift London markets [...]
Brexit: EU finance lobby calls for extension to UK clearing house access : CityAM September 16, 2021 A trio of major lobby groups for Europe’s financial services sector have called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to the European Commission today, warning “there is a significant risk of market disruption for EU clearing members and their clients” if the [...]
Polychain Capital leads $230m investment round in Avalanche – CityAM : CityAM September 16, 2021 Polychain and Three Arrows Capital have led a $230m investment round in the Avalanche network, buying up the company’s native crypto currency AVAX. R/Crypto Fund, Dragonfly and CMS Holdings were also among investors who bet big on Avalanche, an ultra fast, eco-friendly blockchain protocol which supports a growing ecosystem of DeFi projects. Proceeds from the sale [...]
City hiring spree: Financial services sector’s recruitment plans to break records this autumn September 16, 2021 Employers in London have ambitious plans to increase their headcount as they enter the fourth quarter, according to new research shared with City A.M. this morning. Even though London’ outlook was the lowest of all regions in the fourth quarter of last year, at minus 13 per cent, businesses in the capital now have one [...]