Money transfer fintech launches in London to take on Wise and PayPal March 9, 2022 A new money transfer fintech firm is looking to snap up market share from Wise and PayPal as it launches in London today with a fresh $4.5m round of funding.
City Moves: Who’s switching jobs in the Square Mile this week? March 9, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BTIG BTIG has bolstered its equities division with a new managing director in its London office. Pavi Sidhu, who has previously held roles across equities and global portfolio trading at HSBC, brings over two decades’ experience to the [...]
We have weakened the very systems of international law we need to restore peace in Ukraine March 9, 2022 In the global and regional corridors of power, Russia’s place – as the successor to the Soviet Union – has made international diplomacy appear impotent. There has been continued human rights abuses abroad and on its own soil, and under Vladimir Putin’s leadership, there has been an almost total disregard for national sovereignty over the [...]
As government debt jumps to fund defence spending, our economy will pay the price March 9, 2022 Sanctions will clearly hit the Russian economy very hard. But economic prospects for the West are not exactly rosy. Twice in the 1970s and again in the early 90s, there were rapid spikes in oil prices; each instance was followed by economic recessions. The deep recession following 2008 was, of course, due to financial causes [...]
Record-breaking year for TV advertising with investment hitting £5.46bn March 9, 2022 Investment in TV advertising hit a record high last year, up £1bn to £5.46bn and exceeded pre-pandemic levels by 11 per cent. According to data from Nielsen Ad Intel, all major advertising categories increased their TV investment in 2021, with the largest increase coming from ‘online-born businesses’ – businesses that began online, with no prior [...]
North Sea Oil won’t save us from the energy crisis if we don’t invest in renewables March 9, 2022 The UK has a fundamental problem with its energy supply: gas. For as long as we’re tied to the global gas market, the successful greening of our economy by 2050 – and the economic benefits and lower prices it brings – is not much more than a pipe dream. Our reliance on foreign gas –and [...]
Letters: Time to bank on it with Solvency II March 9, 2022 [Re: Insurers and analysts temper enthusiasm on Solvency II reforms, March 2] They say good things come to those who wait. The governments proposed post-Brexit reforms to the EU’s Solvency II requirements finally incentivises UK insurers to put their excess cash to better use with lower capital charges. Solvency II has proved to be overkill [...]
HS2 unveils new London Euston designs March 9, 2022 HS2 has unveiled new design for its London Euston station, seven years after they were originally shown to the public. The updated concept has turned Euston from an initial 11-platform station to a 10-platform and simpler one, which will be built in one phase instead of two. According to HS2’s Euston are client director Laurence [...]
Big Tech face UK legal duty to prevent fraudulent scams online March 8, 2022 The government are set to introduce new legal duty on big tech to prevent paid-for fraudulent ads appearing on their services. The change will improve protections against fake ads, including where criminals impersonate celebrities or companies to steal people’s personal data, peddle dodgy financial investments or break into bank accounts. As part of the government’s [...]
Trevor Steven: PSG’s variety of goal threat gives them edge over Real Madrid March 8, 2022 Paris Saint-Germain take a slim lead to Real Madrid on Wednesday in an epic Champions League last-16 tie and a clash between potential winners of this year’s competition. PSG have spent the last decade bedding in at the top of European club football, reaching the final in 2020 and the semis last year, and are [...]
