Seat and Cupra chief: There’s a ‘perfect storm’ ahead for European carmakers October 25, 2023 City A.M. sits down with Seat chief Wayne Griffiths to discuss the European car industry and Cupra's roaring success.
Almost 80 per cent of European financial services brace themselves for Generative AI impact October 25, 2023 Many firms still lack plans to train their workforce to adapt to Generative AI, despite reports of high numbers of financial services bracing for impact.
UK digital ad spend continues to see ‘extremely strong growth’, despite economic uncertainty October 25, 2023 A total of five per cent year-on-year growth was reported in the UK's digital advertising market — despite ongoing economic uncertainty.
Brits lose ‘staggering’ £580m to fraud in six months as banks urge Big Tech to do more October 25, 2023 After Fraudsters took £580m from Britons in 2023, the banking trade association UK Finance called the issue a "national security threat".
Bill that would ban boycotting Israel set to be debated in Parliament October 25, 2023 A bill which would ban British public bodies from boycotting Israel is set to be debated by MPs today. Levelling up secretary Michael Gove will bring the bill to Parliament today, as first reported by the Guardian, despite warnings it could stoke tensions amid the Israel-Gaza crisis. It comes amid an increasingly severe humanitarian crisis [...]
Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in October 25, 2023 Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.
Rugby World Cup expansion welcome but err on the side of caution October 25, 2023 In the depths of the destructive World Rugby announcement that is set to partition the best rugby teams from the aspiring ones there was one shining light: the 2027 World Cup will have 24 teams rather than 20. It is a move that has been long called for and should at least ease the pain [...]
Five pledges: How is Rishi Sunak doing after one year in No10? October 25, 2023 Just 12 months ago today, Rishi Sunak made history. Entering No10, on 25 October, 2022, he became the UK’s first British Asian and Hindu Prime Minister – and took over from his record-breaking predecessor after just 49 days. Since then, he’s lost five by-elections; visited Ukraine, the US and Israel, and seen his personal poll [...]
The Notebook: Victoria Scholar on why the allure of luxury bags could bolster designer marques October 25, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Don’t discount the allure of luxury bags – or the stocks of their makers LVMH reported rather dismal results this month. The luxury goods giant, which owns brands like Louis Vuitton and Dior, announced third [...]
AI summit could happen twice a year – but techies say UK won’t claim AI crown October 24, 2023 Michelle Donelan has said Britain could host its imminent Artificial Intelligence (AI) Safety Summit as often as every six months.