Something for the weekend: This week’s five most-read stories on Cityam.com February 3, 2023 A Reddit user called fatmummy, interest rates, vaccines, the ECB and an ignominiouss end to government-funded Tech Nation – here’s what City A.M. readers most wanted to click on this week. One: How a saucepan broke the internet. If lockdown had you baking and prepping then this story would have piqued your interest. Houseproud, or [...]
China trip: Blinken postpones diplomatic visit following balloon discovery February 3, 2023 US Secretary of State Antony Blinken has postponed a planned high-stakes weekend diplomatic trip to China as the Biden administration weighs a broader response to the discovery of a high-altitude Chinese balloon flying over sensitive sites in the western United States, a US official said. The abrupt decision comes despite China’s claim that the balloon [...]
Planet Crypto: Gensler to be put in charge of closing stable doors February 3, 2023 This week in Planet Crypto, the SEC’s Gary Gensler has been put in charge of regulating America’s stable doors and deciding when they should be shut.
Explainer: British Gas and other energy firms under the spotlight for prepayment meters February 3, 2023 This measure is considered a “last resort”, but it was found to be used routinely. Arvato, the contractor used by British Gas, incentivised its debt collectors to force-fit the meters through bonuses. Energy companies apply to magistrates’ courts to get the warrants they need to force entry into homes. The number of these warrants rose [...]
Over 500,000 US jobs created in January but what does ‘awe upside surprise’ mean for Fed’s rate hike cycle? February 3, 2023 More than half-a-million new jobs were created in the US this month, leading to renewed fears the Federal Reserve could hike up interest rates when it meets next month. Statistics from the US Department of Labor howed jobs rose by 517,000 in January, while the unemployment rate changed marginally, at 3.4 percent. This week the [...]
Paco Rabanne: Fashion designer dies aged 88 February 3, 2023 Spanish fashion designer Paco Rabanne has died at the age of 88, it has been announced. Rabanne, whose real name was Francisco Rabaneda Cuervo, founded the renowned fashion house named after him in 1966. Alongside French designers Pierre Cardin and Andre Courreges, he helped upset the status quo of Paris fashion of the time, earning [...]
Ofgem extends protection measures to shield customers from market volatility February 3, 2023 Ofgem has extended market stabilisation charges and the moratorium on acquisition-only tariffs until March 2024.
Interest rate rise and what it means for you February 3, 2023 The Bank of England has raised interest rates to four per cent, in a widely-expected move that has implications for both borrowers and savers. Adjusting personal finances to this ‘new normal’ of higher interest rates will be a challenge for most households, admitted Paul Wilson, chief Investment officer at Channel Capital. He said although a [...]
The UK is hurtling towards a ‘Britcoin’ CBDC – here’s why… February 3, 2023 The UK's own CBDC - a Britcoin - is inevitable, says Nigel Green, who believes there are two clear markers for its certain introduction.
EP: 180 Sandown, Musselburgh & Hong Kong February 3, 2023 The Grade 1 Scilly Isles Novices’ Chase is the feature race at Sandown on Saturday with Musselburgh providing jumps fans with more competitive racing action. We also take a look at this weekend’s Dublin Racing Festival, the introduction of new whip rules and the relaxed dress code at British racecourses. City AM Racing editor Bill [...]
