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      Bailey warns AI may not ‘live up’ to market hype

      Andrew Bailey, Governor of the Bank of England, in a suit and tie, looking thoughtful during a press conference.

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      After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom

      Nvidia CEO Jensen Huang, a man with gray hair and glasses, wearing a black leather jacket, looking upwards.

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Politics

  • Chequers Brexit summit: Here’s what the UK’s negotiating position on customs, goods, ECJ, standards and the Irish border is

    July 6, 2018

    The UK government has finally agreed a position on Brexit – but who blinked, and will the EU go for it? Here are the crucial elements of today's big step forward. The transition period will remain the same Whether it was the threat from the ERG, the Prime Minister's concern of a knock-on on the [...]

  • Downing Street raises stakes with at least one Cabinet member threatening to resign ahead of Chequers

    July 6, 2018

    Downing Street has raised the stakes for today's crunch Chequers summit, with Theresa May fully prepared for resignations as she seeks to push forward on Brexit. Last night Cabinet ministers including Boris Johnson, David Davis, Andrea Leadsom, Esther McVey and Penny Mordaunt were plotting a rebellion after May's plans to keep the UK "harmonised" with [...]

  • Pro-Brexit ministers plot rebellion over Theresa May’s ‘sell-out’ proposals on goods ahead of Chequers summit

    July 5, 2018

    Pro-Brexit Cabinet ministers are on manoeuvres to prevent the Prime Minister’s proposal to remain "harmonised" with the EU on goods, ahead of Friday’s crunch Chequers meeting. Frantic phone calls have been taking place between ministers to ensure a united front is presented tomorrow, with at least one minister already threatening to resign. City A.M. understands [...]

  • Pro-Brexit ministers plot united front over Theresa May’s “sell-out” proposals on goods ahead of Chequers summit

    July 5, 2018

    Pro-Brexit Cabinet ministers are on manoeuvres to prevent the Prime Minister’s proposal to remain "harmonised" with the EU on goods, ahead of Friday’s crunch Chequers meeting. Frantic phone calls have been taking place between ministers to ensure a united front is presented tomorrow, with at least one minister already threatening to resign. City A.M. understands [...]

  • Angry Trump Baby blimp given green light to fly over parliament during US President’s official visit

    July 5, 2018

    A huge balloon called the angry 'Trump Baby' has been given the go-ahead to fly over the Houses of Parliament during the US President's visit to the UK next week. London mayor Sadiq Khan's Greater London Authority approved a request for the flight after thousands signed a petition and a crowdfunding campaign raised more than [...]

  • Brexit: Vote Leave accuses Electoral Commission of “false accusations” amid Remain-fuelled conspiracy

    July 4, 2018

    Vote Leave, the official Leave campaign in the Brexit referendum, has attacked the Electoral Commission for making "false accusations" about the campaign – blasting the watchdog's report for peddling conspiracy theories. The Brexit campaign, which was backed by Cabinet ministers Boris Johnson and Michael Gove, has been investigated by the watchdog three times over whether [...]

  • Going Dutch: London Stock Exchange applies for Amsterdam trading licence in case of hard Brexit

    July 4, 2018

    The London Stock Exchange (LSE) has confirmed that it has applied for several trading licences in the Netherlands as a contingency against a hard Brexit. The LSE said in a statement: “As part of contingency planning for a hard Brexit scenario, Turquoise, Tradecho and Unavista have applied for a select number of additional licences to [...]

  • Theresa May’s Chequers compromise to result in ‘softest possible Brexit’

    July 4, 2018

    Theresa May's "third way" on the UK's future relationship with the EU is looking increasingly likely to steal elements from both customs options as she hopes to end the divisions among her Cabinet team at Chequers this Friday. City A.M. understands it will take much from the so-called max fac option, beloved of Brexiters, which [...]

  • Exclusive: Fresh Cabinet split surfaces over post-Brexit immigration system

    July 3, 2018

    New battle lines have been drawn within Theresa May’s Cabinet over Britain's post-Brexit immigration system, stoking divisions even further and presenting the Prime Minister with yet another headache. Home secretary Sajid Javid is understood to have dropped one of two models being considered under his predecessor, which would have favoured EU citizens by effectively granting [...]

  • BCC and City of London urge government to come together and deliver on Brexit

    July 3, 2018

    Pressure is building on Theresa May to bring her Cabinet together and sign off the UK's position on Brexit after divisions were laid bare again yesterday. Yesterday three ministers publicly slapped down Jacob Rees-Mogg for threatening to rebel if May did not stick to her existing positions of leaving the Single Market and customs union [...]

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