Lord Mayor set to call for robust international standards in AI at Judges Dinner October 22, 2024 The Lord Mayor is set to call for robust international standards to ensure ethical AI development , as the judicial system continues to integrate the new tech
Sony Music ramps up push into gaming October 22, 2024 Sony Music is doubling down on a push into gaming by embedding its music technology across the sector following a string of acquisitions it hopes will boost fan engagement and open new revenue streams for both the company and its artists. During its Immersive Tech Day in London on Tuesday, the digital entertainment giant showcased [...]
City hedge fund portfolio manager buys stake in Premiership rugby club October 22, 2024 Former Goldman Sachs investment banking associate Jack Ingles has purchased a stake 10 per cent in Premiership Rugby team Gloucester. Currently a portfolio at hedge fund Point72, Ingles will join majority shareholder Martin St Quinton and fellow businessman Tim Griffiths in the Gloucester Rugby ownership group. It is reported that both Ingles and Griffiths will [...]
The FII Institute’s PRIORITY Compass Global Citizen Survey: A Blueprint For Tomorrow October 22, 2024 In 2022, the Future Investment Initiative (FII) Institute embarked on a mission to collate data on what are the most pressing concerns of the majority of the world’s population through the inception of the FII PRIORITY Compass, its global citizen survey. The survey’s role is to help world leaders and decision-makers identify and thereby address these concerns. [...]
Premier League: Non-dom tax changes could be ‘own goal’ for No11 October 22, 2024 The Premier League could face an exodus of high-profile players if the government continues plans to eliminate the non-dom tax status in the upcoming Budget, experts have warned. Changes to the way tax is paid on overseas earnings could prove “an own goal” if they cause players to leave the English top flight when they [...]
Starmer should make trade with Saudi Arabia a top priority October 22, 2024 The UK and Saudi Arabia have long cultivated strong ties. A bilateral trade relationship represents trade in goods and services between the two of a significant £17.6 billion for the 12 months to the end of Q1 of 2024.* Crucially, the Saudi government is investing billions into the UK economy through the Saudi sovereign wealth [...]
Jeremy Hunt: Upping employer NI would be an ‘absolute disaster’ for economy October 22, 2024 Increasing employer national insurance contributions in the Budget would be an “absolute disaster” for Britain economically, Jeremy Hunt has warned. “I’m really worried that Labour is going to trash an economy, which has better growth prospects than it has for many years,” the shadow Chancellor told the Financial Times in an interview. On the prospect [...]
Andrew Bailey: Regulators must not be complacent on shadow banking threat October 22, 2024 Andrew Bailey, Governor of the Bank of England, warned regulators need more tools to deal with threats to financial stability today as he sounded the alarm on the “opaque” nature of the ‘shadow banking’ sector. In a speech at Bloomberg’s Global Regulatory Forum in New York, Bailey drew attention to the systemic risks posed by [...]
Ex-Abercrombie & Fitch boss arrested and facing sex trafficking charges October 22, 2024 The former boss of fashion giant Abercrombie & Fitch and his British partner have been arrested and face sex trafficking charges. A spokesperson for federal prosecutors in the US said ex-chief executive Mike Jeffries, his partner Matthew Smith and a third man, Jim Jacobson, were arrested on Tuesday morning. The trio are alleged to have [...]
St James’s Place ditches manager of lagging £9.9bn fund October 22, 2024 St James’s Place has ditched one of the managers of a struggling £9.9bn fund as Britain’s biggest wealth manager looks to recover from a troubling year and deliver more value for its customers. Impax, which has co-managed St James’s Place Global Quality Unit Trust since 2021 alongside five other investment houses, has been dropped by [...]