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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

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Politics

  • Exclusive: Doubts grow over UK’s preferred post-Brexit model for City

    June 3, 2018

    Uncertainty is growing over the City's preferred post-Brexit trading model for financial services, amid growing concerns that Brussels is not prepared to compromise. Mutual recognition, the post-Brexit system heavily promoted by the financial services sector as well as Whitehall, has failed to win the support of EU chief negotiator Michel Barnier. One Square Mile source familiar with [...]

  • Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock

    June 1, 2018

    Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]

  • Exclusive: Cabinet ministers poised to back max fac customs option as Irish border solution breaks Brexit deadlock

    May 31, 2018

    Ministers charged with determining the UK’s position on post-Brexit customs are poised to argue for a modified version of the “max fac” option, after making a breakthrough on the Irish border issue, City A.M. understands. For nearly a month, Cabinet ministers have been analysing the two options – the new customs partnership, or NCP, initially [...]

  • Donald Tusk slaps down EU commissioner after Italy comments

    May 29, 2018

    European Council President Donald Tusk has slapped down one of the bloc's commissioners for suggesting that Italian voters may be pressured into changing their minds by market movements. Markets across Europe were in flux today, with the so-called fear index the Vix up 17 per cent on the back of political uncertainty unfolding in Italy [...]

  • What Italy’s political situation means for Brexit

    May 29, 2018

    The chaotic political situation in Italy is putting the country's membership of the euro front and centre – and with it, the longer term question of the European Union. Over the weekend, unelected former IMF official Carlo Cottarelli — dubbed “Mr. Scissors” because of his support for austerity — was named interim Prime Minister. President [...]

  • Momentum activists urge Labour leadership to give members a vote on Brexit

    May 28, 2018

    Members of leftwing pressure group Momentum are pushing for a vote on Brexit at the Labour party's annual conference in September. Senior figures of Labour's vanguard were quoted in the Observer saying it would be "unacceptable" for members not to have a say on Brexit, especially since a key part of Jeremy Corbyn's winning manifesto [...]

  • Jacob Rees-Mogg priced out of Mayfair, has to ‘settle’ for house in Westminster.

    May 28, 2018

    Tory MP Jacob Rees-Mogg has admitted to being priced out of Mayfair after he recently moved his family home to Cowley Street in Westminster. Addressing speculation that the move was prompted by his ambition to become Prime Minister, and therefore live closer to Parliament, Rees-Mogg told ITV that it was simply a matter of personal [...]

  • Jeremy Corbyn-supporting Jewish Voice for Labour is planning an anti-anti-Semitism rally

    March 26, 2018

    Jeremy Corbyn's supporters are organising a rally to counter the protest against the party leader's apparent toleration of anti-Semitism. The original protest, organised by the Board of Deputies of British Jews and the Jewish Leadership Council, is scheduled to begin outside parliament at 5:30pm today. However, the Jewish Voice for Labour is organising a rally [...]

  • Brexit latest: City hits back against EU’s “improved equivalence” offer for financial services

    March 20, 2018

    The City has hit back at suggestions that the EU is considering offering the UK "improved equivalence" as the basis of the future financial services relationship after Brexit. Until now the EU has insisted that financial services would not be included in any free trade deal, with both Donald Tusk and Michel Barnier making it [...]

  • UK will be able to negotiate and strike trade deals during transition

    March 15, 2018

    The EU is poised to back down over whether the UK can begin to negotiate and sign new trade deals during the transition period. According to The Times, the UK will be able to act under its own steam from March 2019 without seeking permission for the European Union. Although the formal negotiating guidelines still [...]

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