Afghanistan: Taliban enters Kabul as western embassies withdraw August 15, 2021 The Taliban has now entered the Afghanistan capital of Kabul as western embassies withdraw diplomatic staff in anticipation of for the takeover of the city and the president flees. Taliban fighters have already taken over every other major city in the country, just months after the US began its complete withdrawal from Aghanistan. President Ashraf [...]
Meggitt chairman says government must be prepared to intervene in takeover war August 15, 2021 The chairman of defence technology firm Meggitt has said that the government has to be prepared to intervene in a takeover battle for the company to guarantee a commitment on future investment and jobs. Sir Nigel Rudd said any prospective buyer of Meggitt had to give assurances to keep the firm’s Coventry headquarters open and to [...]
Monzo savings partner pulls products amid money laundering probe – CityAM : CityAM August 14, 2021 OakNorth, a Monzo partner that provides savings products for the challenger bank, has temporarily withdrawn offers for new customers after it emerged that the FCA had launched an investigation into the British digital bank over possible money laundering activity. Fellow challenger bank OakNorth, which is one of the lenders that have provided £1bn worth of [...]
Crypto AM Friday with Jason Deane August 13, 2021 Crypto at a Glance with Jason Deane While lawmakers in the US continue to wrangle over details of the Infrastructure Bill containing the crypto legislation, China kicks out the last of the Bitcoin miners and almost all nations continue to print money at an unprecedented rate, Bitcoin just keeps quietly building and expanding in the [...]
Premier League 2021-22 season preview: Fans of London clubs name their best and worst case scenarios and their players to watch August 13, 2021 For even the most jaded of football supporters, the start of a Premier League season is a special time. The arrival of new managers and players promises to transform fortunes, while last year’s disappointments have faded sufficiently to allow optimism to break out again, at least until the first round of games. So ahead of [...]
Hacker behind biggest ever DeFi attack returns $342m – CityAM : CityAM August 12, 2021 The hacker who stole $600m of assets from the Poly Network earlier this week has returned the majority of the money after sharing a bizarre self-interview. Poly Network has confirmed that $342 of the stolen millions have been returned to them as of today. $4.6m was sent as Ethereum, $252m was sent as BSC and [...]
London rent prices fall furthest for expensive central properties – CityAM : CityAM August 12, 2021 Rent prices have fallen by an average of 6 percent across London with expensive properties in the city centre seeing the biggest reductions. Data published by Zoopla for the year ending June 2021 revealed that Tower Hamlets saw the greatest reduction in rent prices of any London Borough. Prices are down 8.5 per cent with [...]
London hotel rooms empty as holidaymakers favour rural staycations – CityAM : CityAM August 12, 2021 London hotels have been dealt an unenthusiastic staycation trade while their regional counterparts have capitalised on international tourism constraints. Online travel platform Booking.com told City A.M. that while staycations were at the forefront of UK holidaymakers’ minds with travel restrictions not going anywhere, cities were not the top choice. “In terms of locations, it appears [...]
UK GDP soars in second quarter as Covid unlocking turbo-charges economy : CityAM August 12, 2021 The burst in consumer spending triggered by the gradual lifting of Covid prevention measures in April and May boosted the UK economy in the second quarter, according to fresh official data released today. Figures from the Office for National Statistics reveal the UK economy grew 4.8 per cent in the second quarter of this year, [...]
International energy watchdog predicts slump in oil demand in second half – CityAM : CityAM August 12, 2021 The resurgence in new Covid cases globally triggered by the spread of the Delta variant will hit oil demand in the coming months, according to the international energy watchdog. The International Energy Agency said the fresh wave of Covid infections in Asian countries is likely to curb oil consumption as authorities reimpose restrictions on economic [...]