Canada election: Justin Trudeau forced to form minority government October 22, 2019 Canadian Prime Minister Justin Trudeau has retained power but must form a minority government after only just winning the Canada election. Trudeau’s Liberal Party must now rely on a smaller left-wing ally to govern after a campaign in which scandals beset the politician, including an old photo in which he wore blackface. Read more: Why [...]
Shard Times at the Shangri-La October 22, 2019 The Shangri-La hotel at the top of the Shard has revealed it booked a £56.2m pre-tax loss last year, driven by an impairment charge from writing down the value of its assets following years of weak results. Occupying floors 34 to 52 of the Shard, it is the tallest hotel in western Europe and swung [...]
Buzzfeed and Gousto investors back London media AI startup October 22, 2019 A London artificial intelligence (AI) startup has today closed a $25m (£19.2m) funding round to help businesses better track their competition. Signal AI’s series C round was led by Redline Ventures, and supported by the venture arm of publishing giant Hearst. Other investors included Gousto backer MMC Ventures, and GMG Ventures which counts the owner [...]
Imposter syndrome is a big problem – here’s how to tackle it October 22, 2019 Ever been overwhelmed by self-doubt at work? Fearful of being exposed as a fraud, inadequate, or a failure – despite evidence proving the opposite? You are not alone. Many of us occasionally experience a feeling of being an imposter at work – downplaying our abilities with a sense that we’re not quite good enough. Starting [...]
It’s not modern alchemy, carbon capture is a key weapon in the fight against climate change October 22, 2019 While the protesters may have gone for now, the memory of the Extinction Rebellion demonstrations across London lives on. Their presence amid the bracing weather over the past two weeks serves as a fitting testament to the growing public demand that climate change must be addressed. Spurred by public opinion, businesses worldwide are seeking to [...]
Bottom third of banks facing ‘do or die’ moment, report warns October 22, 2019 More than a third of banks across the world must merge with rivals or radically restructure in order to survive any future downturn, according to a new report out this morning. Flattening yield curves, weakening consumer confidence and slowing growth in volumes and top-line revenues all pose a “do or die” moment for a large [...]
‘Legitimacy crisis’: Bank of England needs new policies and more transparency, says report October 22, 2019 The Bank of England needs major reform to maintain the public’s trust, including the creation of a credit policy and a new approach to choosing the next governor, research and campaign group Positive Money has said. Read more: Bank of England’s Mark Carney defends move not to publish governor shortlist However, some economists have pushed [...]
City Moves for 22 October – Who’s switching jobs at Acin, Publicis Groupe and Gfinity? October 22, 2019 Today’s City Moves includes Acin, Publicis Groupe and Gfinity Acin Acin, the data standards firm for non-financial risk and controls, has appointed Paul Norris as head of product of its asset management division. Paul will join Acin’s growing product team and be responsible for the development and delivery of Acin’s offering for the asset management [...]
Grant Shapps accused of ‘recycling’ year-old green number plate plan for electric cars October 22, 2019 Transport secretary Grant Schapps has come under heavy criticism for “recycling” a year-old announcement to introduce green number plates for electric cars. His department this morning asked the industry for feedback on whether to give bright green number plates to zero-emission cars, in a bid to encourage people to buy electric vehicles. However, the plan [...]
Timetable vote threatens to derail PM’s Halloween Brexit pledge October 21, 2019 A normally run-of-the-mill vote on parliamentary business today threatens to derail Boris Johnson’s last chance to get Brexit done by 31 October. A programme motion, setting out the timetable for debating the crucial Withdrawal Agreement bill (WAB), could be rejected by the alliance of opposition MPs and Tory Remainers who argue that it does not [...]