Foreign Secretary Dominic Raab to intervene in case over £1.4bn of gold deposited in the Bank of England June 1, 2021 In a case that is set to determine the fate of almost £1.4bn of Venezuelan gold deposited in the Bank of England, UK’s Foreign Secretary Dominic Raab has been granted permission to intervene at the Supreme Court during a hearing scheduled for next month. The case at the highest court in the land is between the [...]
In pictures: Londoners gather at Essex Road vigil for ‘flower man of Islington’ June 1, 2021 A loud applause broke out at a vigil for a stabbing victim who was known as the “flower man of Islington”. Tony Eastlake, 55, died from a knife wound after being attacked in Islington, north London, on Saturday just before 5.30pm. A crowd of family, friends, customers, passers-by and neighbours gathered last night for a [...]
Why the Covid Recovery Commission is right to put focus on skills June 1, 2021 | City Talk The need to invest in the skills of the future is among one of the five areas of focus in a recently published report by the Covid Recovery Commission. The commission is an advisory group and policy panel studying the impact of the Covid-19 crisis on businesses and innovation. Its ‘Building Back Together’ report, which [...]
Rishi Sunak calls on Biden to strike deal for global tech tax May 31, 2021 Rishi Sunak has called on Joe Biden to strike a deal on taxing the US’ tech giants as a part of a larger reform on international business taxes. Sunak is set to hold a G7 meeting of finance ministers later this week in the lead up to the G7 summit in Cornwall next week, which [...]
More than half of thirty-somethings jabbed in last fortnight May 29, 2021 The Health Secretary Matt Hancock said this afternoon that more than half or all thirty-somethings have received a Covid-19 jab. The news came as it was revealed Kate Middleton, the Duchess of Cambridge, had been given her jab at the Science Museum. The milestone is good news for the UK’s rollout as many had feared [...]
Reports: Fed warns Deutsche Bank on compliance failings May 29, 2021 Deutsche Bank bosses in the US are reportedly steeling themselves for sanctions as their compliance processes come under scrutiny from the Fed. According to reports in Bloomberg this morning, the Federal Reserve has written to Deutsche Bank telling them that risk management processes have not sufficiently improved. Read more: Exclusive: Meet the former UBS and [...]
Brentford FC And Alt Coins – Are they related? May 28, 2021 For those of us with a high existential level of angst, terror and nausea, tomorrow will be one of those days when we wish we had never read Camus, Sartre, De Beauvoir, Nietszche or Heidegger. Because the famous Brentford FC will be playing at Wembley at 3pm on Saturday in a winner-takes-all match to ascend [...]
Exclusive: Meet the former UBS and JPMorgan heavyweights shaking up private banking May 28, 2021 As the economy is slowly switching into recovery gear, activity in the City and beyond is starting to pick up again. That is also the case for Vestrata, a relatively new fintech player that is taking the wealth management and private banking space by storm by bring machine learning and automated risk metrics into the [...]
Getting the housing industry to net zero will cost at least £5bn, industry leaders say May 28, 2021 In the push for a low-carbon future in the housing sector, renovating the UK’s draughty homes would cost the government £5bn over the next four years and create 100,000 jobs, industry leaders have estimated. The revamps would also cut people’s energy bills and lift tax revenue, leaders have written to ministers today, the Guardian reported [...]
John Lewis goes on senior hiring spree in push to modernise brand May 28, 2021 John Lewis has made three new senior hires to support its plans to transform and grow the business after a tough year. The new hires will focus on developing John Lewis’s online store, the retailer’s physical estates and branding. Steve Masterton will become director of online trade. He joins the partnership from Dunelm, where he [...]