BlockFi to pay $100m in settlement with US financial watchdog February 14, 2022 Crypto lender BlockFi must pay $100m as part of a settlement with the US financial watchdog over its high yield lending product.
Explainer-in-brief: Love you, love you not: the new China-UK relationship February 14, 2022 In a bid to snuggle up to China’s economy, Boris Johnson has tasked the department for international trade to hold the first high-ministerial talks with Beijing since 2018. Rishi Sunak has moved to restart the UK-China Economic and Financial Dialogue, also cancelled in 2019. The timing of these decisions is a bit baffling, given that [...]
Financial watchdog pushes through changes to “unfair and unclear” buy-now pay-later contracts February 14, 2022 The Financial Conduct Authority has pushed through changes to potentially “unfair and unclear” terms in the contracts major buy-now pay-later (BNPL) as the government prepares for a regulatory clampdown on the sector this year.
University pension scheme lays out climate targets but comes under fire for lack of ambition February 14, 2022 The UK universities’ pension scheme has set a series of new carbon reduction targets to reduce emissions in its investments portfolio, as pressure grows on pension funds to decarbonise their investment strategies.
Blackstone takes £4.7bn bet on troubled Australian gambling group February 14, 2022 Blackstone has taken a £4.7bn bet on troubled Australian gambling group Crown Resorts. The resort group has faced regulatory scrutiny after official investigated revealed it had knowingly dealt with criminal organisations and then misled authorities about it. The US private equity giant already owned 10 per cent of the company, but has now snapped up [...]
Farming boss warns Russia Ukraine tensions threaten UK food supplies February 14, 2022 Farmers have warned the UK’s food supply could be affected by tensions in Russia and Ukraine, with soaring costs hitting firms. Speaking to The Independent, Minette Batters, president of the National Farmers’ Union (NFU), warned that the two countries supply just under one third of global wheat exports. Farmers have faced spiralling costs after a [...]
JD Sports and Footasylum hit with £5m fine following covert car park rendezvous February 14, 2022 city watchdog has slapped sports retailers JD Sports and Footasylum with a £5m fine after the firms’ bosses conducted covert meetings to discuss a blocked takeover, it has revealed.
Business travel: What does 2022 hold for your work trips? February 14, 2022 A combination of factors will determine how often we will be packing a suitcase this year. Firstly, heightened sensitivity around carbon footprints will drive businesses to be more responsible and look carefully at the number of flights employees are taking. When Zoom will suffice, that lunch in Brussels may not cut the mustard (although there [...]
Rees-Mogg backs post-Brexit push for UK to adopt other countries’ regulations February 14, 2022 Jacob Rees-Mogg has thrown his weight behind calls for the UK to unilaterally adopt other countries’ product regulations post-Brexit to avoid creating new red tape for international trade. Rees-Mogg, who is the new minister for Brexit opportunities, said proposals drawn up by the free market Institute of Economic Affairs (IEA) think tank should be welcomed [...]
The vinyl comeback: How 12on12 are bridging the gap between music and art February 14, 2022 City A.M. chats with 12on12 founder Claudia Moross about the re-emergence of vinyl and its new collaboration with Grammy-award winning producer Swizz.
