Barack Obama and Donald Trump put aside differences to ensure smooth transition November 10, 2016 Barack Obama and Donald Trump got the presidential transition ball rolling this afternoon by holding an "excellent" meeting. Chewing the fat in the Oval Office, both men put past differences to one side and afterwards smiled for the cameras in what appeared to be a very cordial event. The get-together is likely to be the first of many [...]
Brexit is an opportunity to revamp Europe’s financial landscape, according to Milan November 10, 2016 Brexit could be a great driver for change in financial reform across Europe, according to a group established to promote business relations between London and Milan. Select Milano chairman Bepi Pezzulli told City A.M.: "Every time you have [a shock like the Brexit vote] you also have the opportunity to create economies of efficiency and do something better." In particular, [...]
Snapchat Spectacles: The only way to buy them is via secret vending machines November 10, 2016 Remember Snapchat's surprise move into hardware? The app revealed plans for a pair of sunglasses with a built-in camera in September, and now it has revealed how it plans to get them into people's hands on to people's faces that might leave many people frustrated. No shop displays or online ordering for the newly re-named Snap – [...]
Tesco Bank fraud tars UK financial image, warns home secretary Amber Rudd November 10, 2016 Scandals like the recent cyber attack on Tesco Bank risk damaging the UK's prized financial reputation, the home secretary has warned today. Speaking at a conference hosted by the Financial Conduct Authority (FCA), Amber Rudd cautioned that public confidence in financial institutions was rocked when such incidences occurred and the government saw cyber crime as a [...]
“I’ve got the best job in the world”, says Sadiq Khan, City A.M.’s Personality of the Year 2016 November 10, 2016 Sadiq Khan is feeling ambitious as he sits down with City A.M to discuss his first six months as London mayor. Khan isn't just sketching out his plans for the next six months in office – the former Tooting MP is talking in decades. To be precise, he's talking about serving no fewer than six [...]
Reports: Donald Trump considering JP Morgan chief Jamie Dimon for treasury secretary spot November 10, 2016 Although Donald Trump's policies might still look a little vague, it looks like his advisers have started dropping hints about who they want to take the top spot in the treasury. Trump's advisers have suggested the new president-elect should take on JP Morgan chairman and chief executive Jamie Dimon as treasury secretary, according to CNBC. [...]
Businesses are unwittingly entering the political fray with post-Brexit price rises November 10, 2016 More businesses are justifying price rises by blaming the fall in the pound post-Brexit. Whatever their commercial reasons, this is an extremely dangerous game. Commenting in these ways means entering the political arena at a sensitive time. These firms should be ready for serious scrutiny and hostile comment – now, but more importantly in the [...]
Google hits back at EU antitrust charges… again November 10, 2016 Google has hit back against the EU watchdog for a third time, this time over claims that its Android operating system is anti-competitive, saying it is the most "open, flexible, and differentiated of the mobile computing platforms". The US tech giant has filed a response to charges by the European Competition Commission accusing it of "implementing a strategy" [...]
Yet another super-duper six months for SuperGroup November 10, 2016 SuperGroup shares donned a red cape and flew high today after the retailer said its results had been supersized by the weakened pound. Half-year revenues at the owner of the Superdry clothing brand grew by 31 per cent to £334m, raising the FTSE 250 company's share price by nine per cent. [stockChart code="SGP" date="2016-11-10 16:33"] Because of its considerable [...]
Six men and one woman died in Croydon tram accident, police confirm November 10, 2016 Six men and one woman died in the tram accident in Croydon yesterday, British Transport Police (BTP) have confirmed. A tram derailed and overturned at the Sandilands stop just after 6am yesterday morning, leaving seven people dead and more than 50 people were hospitalised due to their injuries. "Following the incident in Croydon yesterday, we can confirm that [...]