Defying Trump, McConnell puts off vote on $2,000 checks, urges override of defense bill veto December 30, 2020 By David Morgan and Susan Cornwell WASHINGTON (Reuters) – Senate Majority Leader Mitch McConnell on Tuesday put off a vote on increasing COVID-19 relief checks from $600 to $2,000 and urged senators to override President Donald Trump’s veto of a defense bill, in a rare challenge to his fellow Republican three weeks before Trump leaves [...]
BoE’s Haldane: Bank must have ‘laser focus’ on inflation December 23, 2020 The Bank of England must have a “laser focus” on keeping inflation expectations in check once the COVID-19 crisis eases, the central bank’s Chief Economist, Andy Haldane, said in an interview with Bloomberg. “The last thing the world needs right now is a nasty inflation surprise,” Haldane said, echoing comments he made on Nov. 28. [...]
The Big Sport Quiz of 2020: How well were you following the action this year? December 22, 2020 Roll up, roll up: it’s City A.M.’s Big Sport Quiz of 2020! Yes, a lot of it was severely disrupted and most of it happened without fans present, but there was still plenty of vintage sport and some intriguing storylines to follow. So test your knowledge on our selection of questions covering all major sports [...]
Making it in the City as a woman in 2020: a rising private equity star explains December 22, 2020 City A.M.‘s Michiel Willems sat down with Sunaina Sinha Haldea, founder and CEO of Cebile Capital, a London-based placement agent and secondaries advisor in private equity and infrastructure. The Harvard graduate is also an angel investor and serves as chair of the board of Barrecore, one of Europe’s largest luxury fitness boutiques, while she is [...]
Airlines agree to screen JFK-bound passengers from Britain for coronavirus December 21, 2020 By Jonathan Allen, David Shepardson and Tracy Rucinski NEW YORK (Reuters) -British Airways, Delta Air Lines and Virgin Atlantic said on Monday they will allow only passengers who test negative for the coronavirus to fly to New York’s John F. Kennedy International Airport. The decisions follow a request from New York Governor Andrew Cuomo that [...]
Aon’s $30 billion Willis Towers deal in EU antitrust crosshairs December 21, 2020 Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker faces a five-month long investigation after EU antitrust regulators voiced concerns that the deal may hurt competition in key markets. The merger of the world’s second and third largest brokers would overtake world No. 1 Marsh & McLennan Companies Inc. [...]
Exclusive: Enviva CEO John Keppler on green energy souces and Covid-related challenges December 21, 2020 City A.M.‘s Michiel Willems sat down with John Keppler, the co-founder, chairman and CEO of Enviva, the world’s largest producer of sustainable wood bioenergy. Some observers claim that biomass is not as green as it ought to be. What do you say to those critics? Instead of focusing on division we are focused on the consensus [...]
Covid has led to classic auction boom says Car and Classic CEO Tom Wood December 21, 2020 We speak with Tom Wood, CEO of Car & Classic, about how the market has changed – and which cars have rocketed in value.
Naughty or nice: Which businesses pleased or peeved Santa in 2020? December 21, 2020 Which businesses stood out this year for going above and beyond for customers and staff, and which will be remembered less favourably for their pandemic policies? The last year has certainly been one that will not be forgotten. The last 12 months have been widely been touted “the worst ever” by people around the world, [...]
Shapps claims ‘this is not unusual’ ahead of emergency Cobra meeting on Dover December 21, 2020 Boris Johson will hold a meeting with the government’s emergency committee this morning after France closed its border with the UK following a new, more infectious strain of coronavirus in the South East of England. Last night the French government banned all travel from the UK for 48 hours, including freight drivers. The move comes [...]