By: Clara Guibourg

Clara Guibourg is an Online Writer at City A.M. She can be contacted at clara.guibourg@cityam.com. She is particularly passionate about women in business, technology and telecoms.

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Generation Rent is fleeing London as housing costs soar

January 15, 2016

Is London bracing for a mass exodus of millennials? The capital’s exorbitant housing costs are hardly news, but a new survey suggests that the situation is getting so bad that more than 80 per cent of London’s twenty-somethings may be sent packing to other parts of the UK. At £1,507, the average monthly rent for [...]
Bitcoin guru Mike Hearn declares bitcoin a failure

January 15, 2016

One of bitcoin’s most long-standing supporters has lost faith. Mike Hearn, who’s spent five years as a bitcoin developer and enthusiast, has had a very public break up with the digital currency, writing a long blog post on Medium about why it’s now a “failed experiment”. Writing that bitcoin’s failure is a “now inescapable conclusion”, [...]
Reactions to BT-EE merger: Telco rivals TalkTalk and Vodafone lash out after Competition and Markets Authority waves through £12.5bn merger deal

January 15, 2016

Telco rivals have lashed out furiously, after the UK’s competition watchdog waved through BT and EE’s £12.5bn merger, which was given the final green light early this morning. The Competition and Markets Authority (CMA) said the takeover was unlikely to cause “significant harm to competition or the interests of consumers” as the UK mobile market is so [...]
Paypal adds Xapo bitcoin entrepreneur Wences Casares to its board

January 14, 2016

Paypal just added fintech and bitcoin entrepreneur Wences Casares to its board. The move marks a big step forward for Paypal’s push into bitcoin, launched in 2014. 41-year-old Casares is founder and chief executive of bitcoin payment firm Xapo, but has previous experience from a number of other fintech ventures. “I am honored to serve [...]
Green energy investment hit a record-high in 2015 powered by offshore wind in the UK

January 14, 2016

The UK’s clean energy sector broke new ground last year, hitting a record-high investment of £16.25bn, powered by a booming offshore wind market. Wind investment more than doubled between 2014 and 2015 to hit £10.6bn, new figures from Bloomberg New Energy Finance show. Oil prices have plunged to multi-year lows, with international benchmark Brent crude [...]
BT’s EE takeover set to get a green light from Competition and Markets Authority

January 14, 2016

BT’s £12.5bn takeover of rival EE is expected to get a thumbs up by the UK’s competition watchdog as the two prepare to merge in March. Anything other than a green light would be highly unexpected as the Competition and Markets Authority (CMA) prepares to announce its final decision on the deal at 7am tomorrow, [...]
Banks warned of sharp rise in ransomware attacks as one in four firms are prepared to pay a ransom to hackers to avoid cyber attacks

January 13, 2016

One in four firms is prepared to pay a ransom to hackers to avoid a cyber attack, just as banks are warned of ransomware attacks against them rising sharply. With cybercrime a growing threat and strict new EU legislation imposing steep sanctions on firms that fail to protect themselves, it’s no surprise that cybersecurity has [...]
European Commission postpones controversial decision on China’s trade status

January 13, 2016

The European Commission (EC) has postponed its decision on whether or not to give China market economy status, a decision Beijing argues is already long overdue. The commission met today to discuss the plan, but instead of reaching a conclusion tabled it until the second half of 2016, announcing it would be liaising with European [...]
Firms overwhelmed by right to be forgotten requests

January 13, 2016

Firms are already overwhelmed by right to be forgotten requests, as a new survey shows many are a long way from compliance with EU data protection legislation. Nearly half, or 46 per cent, of IT professionals have been asked to remove data in the past year, according to a study from Blancco Technology Group, surveying [...]
Silk Road creator Ross Ulbricht seeks new trial

January 13, 2016

Silk Road creator Ross Ulbricht is seeking a new trial, nearly eight months after being convicted and sentenced to life imprisonment for his role in running the infamous dark web market. 31-year-old Ulbricht, who went by the memorable moniker “Dread Pirate Roberts”, was sentenced to life in prison in May after a federal court found [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Clara Guibourg

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