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      Threats to financial system ‘on steroids’ after AI boom, FCA chief warns

      Nikhil Rathi, chief executive of the FCA.

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People

  • Twitter shareholders sue Elon Musk over ‘illegal’ bid

    May 27, 2022

    Twitter’s shareholders have sued serial entrepreneur Elon Musk over his “illegal” takeover bid. Investors said that Musk’s decision to put on hold his initial $44bn bid brought Twitter’s value down, allowing him to either walk away from the deal or negotiate a lower price. The billionaire initially announced his intention to buy Twitter in late [...]

  • Sunak denies using £21bn support package to deflect from No 10 lockdown parties

    May 27, 2022

    Chancellor Rishi Sunak has rejected the notion that the timing of handing out £21bn worth of cost-of-living support to deflect from the controversy over Downing Street lockdown parties. The Chancellor bowed to demands for the UK Government to step in and help households to deal with ballooning energy bills and rising shop prices, which are [...]

  • Turns out London Mayor Sadiq Khan is a big fan of ABBA

    May 27, 2022

    It was confirmed yesterday that the Swedish band ABBA is bringing its Voyage show to London. The announcement led to City Hall putting out a statement, in which Mayor Sadiq Khan said he was “incredibly proud” to welcome ABBA to London. Khan said: “I am incredibly proud that, more than forty years since their last [...]

  • Angry cleaners to stage protest outside Downing Street over partygate treatment

    May 27, 2022

    Hundreds of people are expected to descend on Downing Street this morning as a protest is planned amid growing anger over revelations in the ‘partygate’ report over the way cleaners and security staff were treated. Sue Gray said in her report that she learned of multiple examples of “unacceptable” treatment of security and cleaning staff [...]

  • Sue Gray day: Who is the cat-loving former pub landlady from Tottenham who probed partygate?

    May 25, 2022

    It’s D-Day in Westminster. Sue Gray has published her long-awaited report in the Downing Street parties during lockdown. The document is currently with the Prime Minister. Gray took on the civil service investigation into allegations of coronavirus rule-breaking at No 10 in December. As a result, over the course of the last six months, Gray [...]

  • Former head of Civil Service accuses Boris Johnson of ‘intentionally’ misleading Parliament over partygate: ‘It is pretty clear’

    May 25, 2022

    Boris Johnson “intentionally” misled Parliament over partygate, the former head of the Civil Service believes. Lord Kerslake said junior members of staff in Downing Street are now telling the story in their own words about the lockdown events and “that is quite damaging for the Prime Minister”. Lord Kerslake told Times Radio: “He (Mr Johnson) [...]

  • D-Day for Boris Johnson as Downing Street hold its breath ahead of today’s Sue Gray partygate report

    May 25, 2022

    The long-awaited Sue Gray report – into Downing Street parties during the coronavirus lockdowns – is to be published today. Downing Street is holding is breath as it is widely expected the document may contain some harsh conclusions. In fact, the senior civil servant’s report is expected to be heavily critical of the culture in [...]

  • Grab ’em by the Porsche: EU plans to confiscate and sell Russian oligarchs’ cars, villas and other assets

    May 25, 2022

    The EU’s executive body, the European Commision, is planning to roll out proposals to allow EU countries to confiscate assets belonging to Russian oligarchs, and then to sell them off. Assets that are currently frozen by authorities across EU member states should be sold, rather than merely frozen, two EU officials told the publication Politico. [...]

  • Facebook whistleblower Frances Haugen talks Meta, Musk and online safety

    May 25, 2022

    City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.

  • Ukraine’s Zelenskiy says he is prepared to meet Putin, but no other Russian official

    May 24, 2022

    Ukrainian President Volodymyr Zelenskiy has said that President Vladimir Putin was the only Russian official he was willing to meet with to discuss how to end the war. Watch the full report.

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