JP Morgan develops blockchain payments system for Siemens December 20, 2021 Banking giant JP Morgan has partnered with Siemens to develop a blockchain based payments system for the German industrial group.
Dubai to become specialised crypto zone in digital assets push December 20, 2021 Dubai's government has revealed plans for the city to become a specialised crypto zone as regional economic competition heats up.
World Economic Forum kicked into long grass again over Omicron fears December 20, 2021 The annual summit of the world’s greatest economic minds in Davos, Switzerland has been kicked into the long grass again due to concerns over a surge in Omicron cases. The World Economic Forum (WEF), that brings together global political and economic leaders every year, was due to take place between 17 and 21 January. It [...]
Qatar takes 10 per cent stake in Rolls-Royce green nuclear business December 20, 2021 Qatar’s sovereign wealth fund the Qatar Investment Authority (QIA) is reportedly investing £85m in a low-carbon nuclear plant developed by Rolls-Royce and backed by the UK Government. The QIA will own a 10 per cent stake while Rolls-Royce will be left with 70 per cent ownership after investing £195m in the project. Other stakeholders will [...]
Omicron uncertainty weighs on UK factories December 20, 2021 British factories are being hit by uncertainty over the potential negative impact the Omicron variant of coronavirus will have on the UK economy, reveals a new survey published today. Orders for manufacturers’ products jumped 24 per cent over the last month, but edged back from 26 per cent growth in November, according to the Confederation [...]
Elon Musk says he will pay $11bn in taxes this year December 20, 2021 Celebrity entrepreneur Elon Musk has said he will pay $11bn in taxes this year, an amount which could constitute the biggest contribution in history.
Ryanair stops trading on LSE over post-Brexit regulations December 20, 2021 Ryanair announced that it has stopped trading on the LSE’s main market from 8am this morning, while maintaining a primary listing on Dublin’s Euronext. With an £18.4bn value, Ryanair was one of the biggest airlines listed in London. The decision pushed down the low-cost carrier’s shares on the Irish market to €13.85, 4.25 per cent [...]
Standard Chartered hit with £46m fine for misreporting liquidity position December 20, 2021 The Bank of England has slapped Standard Chartered bank with a £46m fine for reporting errors and a lack of cooperation with regulators. The Prudential Regulation Authority (PRA) said today that it would fine the bank for “failing to be open and cooperative” with the authority and “failings in its regulatory reporting governance and controls” [...]
Almost half FTSE 350 companies have a director of colour on the board December 20, 2021 The number of FTSE 350 companies with a director of colour on the board has jumped by 108 per cent this year to 123 new data has revealed.
Exclusive: London rides wave of floats to snatch Europe listing crown December 20, 2021 London has ridden the crest of a wave of companies listing in the capital over the last year, reveals a fresh study shared exclusively with City A.M. today. The City muscled out its rivals on the continent to take the crown as Europe’s top listing hotspot, research by consultancy KPMG has found. The capital breezed [...]