The Notebook: Victoria Scholar on Muskisms, Barbie and why there’s light at the end of the rate-rising tunnel August 3, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor Little relief from interest rates yet, but there is light at the end of the tunnel The Bank of England is forecast to raise interest rates for the 14th time in a row today, lifting [...]
The X-Phile: What does the Twitter transformation say about Elon Musk? August 2, 2023 Where to even begin? Over the last week Elon Musk changed the name of his $44bn toy from Twitter to, simply, “X”. In doing so he unleashed yet another torrent of confusion and indignation, something the eccentric billionaire must surely be somehow feeding upon, vampire-like, such is the frequency with which he invites it. But [...]
Donald Trump: Fresh charges brought against the ex president for bid to overturn the election August 2, 2023 Former US president Donald Trump has been charged by the US Justice Department for his efforts to overturn the results of the 2020 presidential election. The indictment focuses on schemes by Trump and his allies to subvert the transfer of power and keep him in office despite his loss to Joe Biden. It is the [...]
Here is the first glimpse of London Underground’s 94 new (air conditioned) Piccadilly Line trains August 1, 2023 London is close to welcoming 94 new shiny new Piccadilly Line trains, after the first of a new Siemens-built batch went for testing in Germany. Transport for London said the state-of-the-art tube trains had gone for trials at a test and validation centre in Wegberg-Wildenrath, Germany. Consisting of nine carriages, the trains came off the [...]
London Calling! Over two million tourists will visit this year in £674m boost to the capital August 1, 2023 London will welcome more than two million international tourists this year compared to last, bringing an additional £674m to the capital. As travel fully recovers post-pandemic, data from the London mayor’s office, shows that London was the top city in Europe for bed nights in 2022 with an increase of 131.5 per cent in 2021. [...]
Meta to launch AI-powered chatbots in a bid to cling on to users August 1, 2023 Meta, the parent company of Facebook, is reportedly gearing up to deploy a squadron of artificial intelligence-powered chatbots, each with their own distinctive personalities, in an effort to cling on to its users who have been dwindling lately. Meta has been crafting prototypes for these chatbots, aptly named “personas”, the Financial Times reported today, citing [...]
Debanking: Number of account closures since 2016 skyrockets as banks take tough line on financial crime July 30, 2023 The number of bank accounts being closed climbed to nearly 350,000 last year as banks adopted an increasingly vigilant stance towards their customers. According to data from a freedom of information request submitted by the Daily Mail to the Financial Conduct Authority (FCA), the number of accounts being closed has increased from under 50,000 in [...]
ULEZ: High Court backs London Mayor Sadiq Khan’s controversial emissions charge July 28, 2023 Sadiq Khan’s ULEZ plan got a major boost today after a court threw out a judicial review claiming the scheme to charge drivers who fail to meet emissions standards was unlawful. Plans to widen the ultra low emission zone (ULEZ), already in place across inner London, slated to expand throughout Greater London’s 32 boroughs from [...]
Natwest chair Howard Davies WILL stay on after Nigel Farage Coutts scandal July 28, 2023 Natwest chair Howard Davies said he would stay on as boss of the bank’s board while the lender tries to recover from the scandal involving Nigel Farage’s Coutts bank account. Speaking to reporters after the bank published its results, Davies said “my intention is to continue to lead the board and ensure that the bank [...]
Rishi Sunak and Sadiq Khan at loggerheads over London housebuilding July 27, 2023 Prime Minister Rishi Sunak has threatened to wade into mayor of London Sadiq Khan’s efforts on housebuilding in the capital. The politicians traded verbal blows today as the PM accused the mayor of failing to build enough homes for Londoners, while Khan branded his claims “desperate nonsense”. Speaking during a visit to a development in [...]