Powell secures Biden nomination to lead US Fed for second term November 22, 2021 US Federal Reserve chair Jerome Powell has today been recommended for a second four-year term to lead the central bank by President Joe Biden ending months of speculation over whether he would remain in the job. Powell has come under intense scrutiny while heading the world’s most influential central bank due to the Fed keeping [...]
Jurassic World game developer shares slide 31 per cent after missing sales targets November 22, 2021 Frontier Developments, the videogame maker behind Jurassic World Evolution 2, had its share price plunge more than 31 per cent by market close after missing sales targets. The share price closed at 1,700p per share. The London-listed firm said in its full year trading update that the sales of the Jurassic World game – the [...]
The City View Podcast: Bulb, M&S and that Boris Johnson speech November 22, 2021 City A.M. Editor Andy Silvester looks at the day’s business news, with energy provider Bulb’s collapse making the headlines. Elsewhere Andy looks at a potential bumper buyout of Telecom Italia by KKR, the rumours swirling around M&S and Boris Johnson’s catastrophic speech to the CBI conference. Later Andy is joined by City A.M.’s features writer [...]
Digital board game downloads rise by 144 per cent following pandemic explosion November 22, 2021 Digital board game group Marmalade Game Studio, and makers of Monolopy and Cluedo games, estimated that downloads have increased 144 per cent over the past 18 months.
JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
Brussels pushes to freeze out London banks in post-Brexit crackdown November 22, 2021 The EU is planning on freezing out London banks by clamping down on the network of national arrangements that allow non-EU banks to sell services to the bloc. Brussels is pushing to cut off avenues for banks operating outside the region to conduct cross-border transactions. The news was first reported by the Financial Times. The [...]
IOTA debuts genesis NFTs on newly-launched Shimmer network November 22, 2021 Not-for-profit network IOTA has launched a limited edition series of 11,111 genesis NFTs that come with a set of exclusive perks and a roadmap to accelerate the creation of an entire ecosystem.
FTSE 100 chief execs continue to feel the pinch with lower pay packages November 22, 2021 The pay cheques of FTSE 100 company chief executives have taken a hit this year, as executive rewards were curbed during the pandemic, according to reports.
Top US prosecutor investigates alleged sexual assault at Princess Beatrice tech firm November 22, 2021 A former prosecutor for the US Department of Justice will lead an investigation into allegations of sexual assault at Afiniti.
Porsche reveals ‘sweet spot’ Taycan GTS Sport Turismo November 22, 2021 A GTS version of the electric Porsche Taycan has debuted at the Los Angeles Auto Show – along with a new Sport Turismo body style.
