Imminent US Fed rate hike cycle to jolt London markets this week January 23, 2022 Strong signals from the US Federal Reserve that a rate hike cycle is imminent at its latest meeting this week could jolt London’s financial markets. The Fed’s Federal Open Market Committee (FOMC), its group of rate setters, are expected on Wednesday to hint that a series rate rises will start in March. The world’s most [...]
Intel announces new chipmaking ‘mega-site’ in Ohio January 23, 2022 Intel has announced it will pump $20bn into building a new chip manufacturing site.
Law Society flags attainment gap between white and ethnic minority students January 23, 2022 The head of the Law Society has raised concerns about the “attainment gap” between white and ethnic minority students, in the exams students must pass to become a solicitor. According to figures published by the Solicitors Regulation Authority, 66 per cent of white students passed the Solicitors Qualifying Exam (SQE1), compared to 39 per cent [...]
Raab: Nusrat Ghani should make formal complaint over Islamophobia allegations January 23, 2022 Conservative MP Nusrat Ghani should lodge a formal complaint over allegations she was sacked as a minister because she was a Muslim, justice secretary Dominic Raab has said. Raab said the allegations were “incredibly serious” and that there will only be an investigation by the Conservative party if Ghani submits a formal complaint. Ghani told [...]
Staley Barclays successor Venkat given £6,500 a month to move to London January 23, 2022 The banker that was swooped in to lead Barclays after the lender’s former chief executive Jes Staley quit has been given £6,500 a month to cover the cost of moving to London for around two years. CS Venkatakrishnan, known as Venkat in the City, was parachuted into Barclays after Staley left the British banking titan [...]
EU aims to boost gas supplies amid deepening energy crisis and Russia-Ukraine tensions January 23, 2022 The European Union is talking with partners as it looks to boost gas supplies amid a deepening energy crisis across the continent.
Milbank ups stakes in battle for talent with $215,000 salaries for newly qualified lawyers January 23, 2022 New York headquartered law firm Milbank is set to pay its newly qualified (NQ) associates $215,000 (£160,000), as the battle for fresh legal talent rages on into 2022. According to a memo seen by City A.M. newly qualified lawyers in Milbank’s London, Sao Paulo, US and Asia offices will receive a $10,000 pay boost [...]
Ben & Jerry’s political activism could sabotage potential sale by Unilever, say lawyers January 23, 2022 Lawyers have warned Unilever may struggle to offload ice-cream brand Ben & Jerry’s due to its outspoken left-wing political views and activism, according to reports.
Raab says it is ‘very unlikely’ UK will send troops into Ukraine if Russia invades January 23, 2022 It is very unlikely the UK will send troops into Ukraine if Russia invades its neighbour, according to Deputy Prime Minister Dominic Raab. Raab said the UK would still stand “shoulder to shoulder” and “support them in defending themselves”, after Boris Johnson’s government gave the country anti-tank weapons and millions of pounds in non-lethal military [...]
Cohn-backed SPAC readies to take European lottery operator public January 23, 2022 A SPAC backed by former Goldman Sachs president and Trump adviser Gary Cohn is readying to take a European lottery group public in a $9.3bn listing.
