Paris appeals to London for win-win Brexit solution, as it prepares for tens of thousands of workers to move February 6, 2017 An army of French lobbyists and politicians swept into London today in an attempt to lure finance executives to Paris. However, the delegation admitted they cannot steal London's financial crown, and instead want to forge a mutually successful relationship between the two cities post-Brexit. "We are not here to steal business from London," insisted Jean-Louis Missika, vice-mayor [...]
It’s lift off for Uber’s flying cars with a major hire from Nasa February 6, 2017 Think flying cars are just a pie in the sky idea? Think again. Uber is working on creating driverless cars and has already hinted at more sci-fi ambitions for airborne vehicles, but now its made a serious new hire to lead such technological development. And where else would you find someone to do such futuristic work? Nasa, [...]
Netherlands flag carrier KLM returns to London City Airport after nearly eight years February 6, 2017 The national flag carrier of the Netherlands has returned to London City Airport after an eight year absence. KLM's inaugural Amsterdam service arrived at 7:20am this morning with the return leg departing at 7:50am. The route will grow from an initial daily service to KLM's hub at Amsterdam Airport Schiphol to four daily flights from 26 March. [...]
The European Union is vulnerable to trade slowdown as a protectionist runs the White House says S&P Global February 6, 2017 The EU is vulnerable to a slowdown in world trade, as the protectionist movement symbolised by US President Donald Trump threatens to start rolling back globalisation, according to an influential ratings agency. Europe is most vulnerable to decreasing trade levels because of its high trade intensity, which means it has more to lose from declining [...]
Airbnb took a big swipe at Trump in its very last minute Super Bowl LI advert #WeAccept February 6, 2017 Airbnb has taken a swipe at Donald Trump's controversial travel ban with an advert at one of the most watched TV events of the year – the Super Bowl. The tech company aired a 30 second spot in prime time promoting diversity and featuring its own employees "We believe no matter who you are, where [...]
Give David Beckham his knighthood and celebrate all the other donors too February 6, 2017 We have a strange relationship with charity in this country. We depend on it enormously – to the tune of £19bn in income from individuals every year. This is a sector of industrial proportions, which the Charity Commission estimates has a total income of over £60bn a year and employs over 800,000 people. Yet we [...]
It’s the return of the Article 50 Bill – MPs to begin three more days of Brexit debate February 6, 2017 MPs will kick off three days of Brexit battles in the House of Commons later this afternoon, as they fight it out over attempts to amend the Article 50 Bill. The bill – which grants the government the power to begin divorce proceedings with the EU – was backed overwhelmingly at the "second reading" stage by MPs last [...]
Heineken closes in on Punch Taverns as its investment vehicle buys 28 per cent stake February 6, 2017 Heineken has moved a step closer to completing its acquisition of Punch Taverns after its investment vehicle bought a significant stake in the British pub chain group. The Dutch brewer announced today that Vine Acquisitions, the vehicle it shares with partner Patron Capital, built up its share in the company to 28.5 per cent on Friday [...]
A quarter of MPs say Donald Trump shouldn’t be allowed to make a prestigious speech on his state visit February 6, 2017 Just over a quarter of the UK's MPs have now signed a motion calling for US president Donald Trump to be barred from making an address in the palace of Westminster during his state visit this year. Trump has already been invited to the UK by Prime Minister Theresa May, with a date for his arrival yet to [...]
Government kicks off next stage of £12bn student loanbook sell-off February 6, 2017 The government formally kicked off the next stage of its bid to sell £12bn-worth of student loans today. City A.M. revealed bankers from Barclays had been appointed to advise on the deal last month. Read more: Bankers appointed by government for latest student loans sell-off push The sale, which is being structured as a securitisation, is being [...]