FTSE 100 live: London index joins European markets to close in the red as jitters over Credit Suisse contagion continue March 17, 2023 A dramatic week for European markets has ended on a low, with a number of interventions from global banks failing to calm the nerves of jittery investors. London’s FTSE 100 closed firmly in the red despite seeing gains in early trading on Friday. It followed a group of US banking giants injecting 30 billion US [...]
International Criminal Court issues ‘war crimes’ arrest warrant for Vladimir Putin over abduction of children in Ukraine March 17, 2023 The International Criminal Court has issued an arrest warrant for Russian President Putin for war crimes because of his alleged involvement in abductions of children from Ukraine. The court said in a statement that Mr Putin “is allegedly responsible for the war crime of unlawful deportation of population (children) and that of unlawful transfer of [...]
Developing a metaverse personality with blockchain and NFTs March 17, 2023 Halil 'Memur' Keles tells Jillian Godsill about how he came from Starcraft to become a founder member of Heroes of NFT.
American candy stores: Calls for ‘stronger’ laws and business rate reform to clamp down on shops which blight Oxford Street March 17, 2023 Westminster City Council has called for a “stronger” economic crime bill and reform of business rates to officially bring a halt to American candy and souvenir stores which continue to litter Oxford Street. “We are dealing here with a sophisticated operation which is skilled at exploiting UK legal loopholes,” Cllr Adam Hug, leader of Westminster [...]
Mike Ashley’s Frasers Group snaps up Luton mall in £58m deal March 17, 2023 Mike Ashely’s Frasers Group has snapped up The Mall in Luton in a £58m deal as the retail giant expresses its “confidence in the future of the UK high street”. The Mall in Luton spans 900,000 sq. ft of space and is home to more than 150 retailers including Primark, TK Maxx, and H&M. It [...]
Explainer: Why are the SNP losing members? March 17, 2023 The Scottish National Party is losing members: this is the reality that the contenders to replace Nicola Sturgeon had to grapple with this week. The party said the current membership stands at 72,186. These will be the people who ultimately get to decide who becomes the new leader of the party. At the beginning of [...]
Pension pain: Savers who bought lifetime allowance ‘protection’ warned they may still find their tax-free lump sum capped March 17, 2023 Chancellor Jeremy Hunt’s decision to scrap the pension lifetime allowance (LTA) in Wednesday’s Spring Budget, was heralded as an incentive for wealthier employees over 50 to stay in the workforce. But some pensions experts say for those who took out a form of LTA protection may still have to watch they do not go over [...]
Banks, bonds, inflation, recession and energy: Five lessons the markets taught us this week March 17, 2023 The third week of March proved to be a rollercoaster for the world’s investors, with a rout on banks and the spectre of inflation, recession and the growing cost of living making their presence felt. These themes may indeed play on in future, so here are the five lessons we’ve learned from the markets this [...]
Recession off the cards, getting over 50s ‘back to work’, strikes and banks take stock – the five best read stories on City A.M. this week March 17, 2023 It was the week UK Chancellor Jeremy Hunt laid out his first Spring Budget, but as pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of banks Silicon Valley Bank, Credit Suisse and on-going strikes raged on; here are the stories readers were flocking to on City A.M. [...]
Now US shareholders sue beleaguered bank Credit Suisse for downplaying impact of losses March 17, 2023 US shareholders are suing Credit Suisse for giving false and misleading public statements and downplaying the impact of its losses, in the latest knock to the beleaguered bank. The Rosen Law Firm, a global investor rights law firm, filed a class action lawsuit in New Jersey against the Swiss banking giant on behalf of investors. [...]
