City Hall moves People’s Question Time online for first time November 6, 2020 City Hall said today that the first ever virtual People’s Question Time will be held on 12 November. The Mayor of London, Sadiq Khan, and London Assembly Members will answer questions from Londoners on key issues facing the capital between 7pm and 9pm. People’s Question Time is held twice a year and gives Londoners a [...]
‘Putin is not dying,’ Kremlin says November 6, 2020 The Kremlin has dismissed “nonsense” claims Putin will quit the presidency amid fears for his health. This morning The Sun reported the Russian president, 68, is ill and poised to quit amid fears he has possible symptoms of Parkinson’s disease. The Sun cited Professor Valery Solovei, a Russian political pundit, who suggested earlier this week [...]
Watchdog slams Number 10 for failing to prepare Brexit borders November 6, 2020 The UK faces “widespread disruption” after the government failed to prepare for post-Brexit border controls for British businesses, the public spending watchdog has warned. In an 85-page document released today, the National Audit Office (NAO) slammed the government for insufficient customs brokers, unprepared border sites and failure to develop adequate customs software. The report found [...]
Co-op Bank narrows losses but remains deep in the red November 6, 2020 The Co-operative Bank narrowed its losses in the third quarter, putting the lender on course for a better year than in 2019, despite the coronavirus pandemic. The bank’s statutory loss before tax in the third quarter was £23.5m, it said in a trading update today. That was down sharply from a loss of £80.1m in [...]
Insurer RSA share price rockets after £7.1bn takeover deal approach November 6, 2020 Insurer RSA share price rockets after confirmation of break-up deal talks
Screenshot: Ant Group, Jack Ma and China’s power paradox November 6, 2020 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week: **Media Moment of the Week: Margaret Thatcher takes to Twitter **Ant Group, Jack Ma and China’s power paradox **Three’s a crowd: Why a telecoms mast deal could spark more mergers Media Moment of the [...]
Facebook and Twitter start removing violent rhetoric as US election tensions rise November 6, 2020 Facebook removed last night a fast-growing group in which supporters of US President Donald Trump posted violent rhetoric, as the social media giant, as well as Twitter, step up efforts to take down baseless claims and avoid potential violence after a contentious election. The “Stop the Steal” group, which called for “boots on the ground to [...]
Serena’s coach: Tennis is long, slow and too clean November 6, 2020 Tennis may have virtually ground to a halt this year, but one of the world’s most celebrated coaches, Patrick Mouratoglou, has rarely been busier. Mouratoglou, like his clients Serena Williams, Coco Gauff and Stefanos Tsitsipas, has had to adjust to life without much of the usual circuit. His academy on the French Riviera also suffered [...]
New boss at Pizza Express as slice taken out of debt pile November 6, 2020 Pizza Express has appointed a new chairman and chief executive, Allan Leighton and David Campbell respectively, and reduced its debt pile by £400m after completing its recapitalisation. The new capital structure has reduced debt by more than £400million, from £735million to £319million, and includes the immediate injection of £40million of new capital. The business also [...]
EU Commissioner: ’50/50 chance’ UK and EU will strike Brexit deal November 6, 2020 There is a “50/50” chance that Britain and the European Union will be able to reach a deal over the terms of Britain’s exit from the bloc, a member of the European Commission said earlier this morning. “We are extremely clear on the conditions and the access to our European market,” EU Internal Market Commissioner [...]