The Airbus v Qatar Airways’ feud: All you need to know about the $1bn corporate divorce saga April 23, 2022 The latest chapter in the Airbus v Qatar Airways’ saga took place earlier this month when the corporate divorce battle reached judges in the UK. Qatar Airways and Airbus faced each other in a London court on 7 April, for the first since the airline filed a $1bn lawsuit after it was forced to ground [...]
France and Germany evaded Crimea embargo to sell weapons to Kremlin, analysis says April 23, 2022 France and Germany evaded an EU ban set in 2014 and sold weapons to the Kremlin, which are now used in Moscow’s invasion of Ukraine. According to an EU analysis exclusively reported by the Telegraph, Paris and Berlin sent €273m worth of equipment, going against an arms’ ban imposed following the 2014 war in Crimea. [...]
Reebok owner ABG could table offer for Ted Baker April 23, 2022 Authentic Brands Group, the management company behind Reebok and Forever 21, is reportedly considering to make a bid for Ted Baker. City sources told Sky News the group is among several parties who could make a play for the London-listed fashion chain on Thursday, even though it is still not certain. ABG’s proposal could be [...]
Explainer-in-brief: fintechs face-off with the watchdog for legitimacy April 23, 2022 New challenges have arisen for the fintech world, as the Financial Conduct Authority warned of the inadequacy of some of the online banks’ securities against financial crimes. The financial watchdog stressed the importance of striking the right balance between providing effortless and speedy banking services with strong guarantees against fraud. The FCA is worried that [...]
Business of Space: Reusable rockets, space junk and new markets ‘ripe for overhaul’ April 23, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: D-Orbit to supply key parts for ESA rocket The US says no to space junk Satellite connection on place ‘ripe for overhaul’ D-Orbit inks fresh supply deal D-Orbit has cut a deal with Beyond Gravity to deliver critical tools and [...]
Tech Weekly: Robinhood aims for the UK April 22, 2022 In this week’s episode, Lily discusses investment app Robinhood’s acquisition of FCA-approved and UK-based crypto startup Ziglu. Charlie also discusses payments startup Super Payments’ $30m funding boost; and online pension provider PensionBee’s new listing on London’s top market. Episode transcript (auto-generated) Host 0:07 Hello and welcome to Tech Weekly, a podcast by City A.M. where we go through [...]
Three Open Roles With Brilliant Built-in Benefits April 22, 2022 Increasingly, we’re looking beyond the role or job title (and whether it’s a fit for our skill sets, of course) when we’re thinking about a career move. Beyond base pay, many of us are now looking at an overall compensation package to go along with a competitive salary offer. From wellness to profit sharing, remote [...]
Bitcoin and Dollar-Cost Averaging April 22, 2022 Disclaimer: The content of this article is not investment advice. Dollar-cost averaging (DCA) is a term that will already be familiar to many investors. The concept is relatively simple: instead of making a single lump-sum purchase, you periodically buy a fixed dollar amount of whatever asset you want to accumulate. Feel free to substitute dollars [...]
British Airways cancels routes to Miami, Tokyo and Hong Kong over the summer April 22, 2022 British Airways is seeking to reassure customers they won’t face disruption, after flights to Miami, Hong Kong and Tokyo were cancelled until September. The company pulled routes due to staff shortages and rising demand after Covid restrictions were lifted. It told City A.M. the Hong Kong route was cancelled due to ongoing Covid entry restrictions, [...]
Center Parcs owner hires bankers to review options with £4bn sale on the horizon April 22, 2022 The owner of Center Parcs has recruited bankers to probe options for the future of the holiday village chain. Sky News has reported that Brookfield Property Partners is planning to hire Barclays to advise on its investment in Center Parcs. This could lead to an auction sale of the chain for £4bn, the organisation reported. [...]
