Crypto exchange Gemini calls on UK firms to get serious about regulation : CityAM October 7, 2021 Those in the crypto space need to engage proactively with regulators to help bring them up to speed according to crypto exchange, Gemini. At the Token2049 conference in London leading voices from the digital asset industry debated the best way to engage with regulation. “We’re in this crypto landscape now, it’s 12 odd years old, [...]
National Grid warns of price spikes but says British lights won’t go off this winter October 7, 2021 The National Grid has warned of increased risks of power shortages and “significant price spikes” this winter. The country would face its highest risk of power shortages in five years, the Grid said in a forecast. However, the company said it was confident that there would be “enough capacity available to keep Britain’s lights on.” [...]
BoE new chief economist slams employer for dropping the ball on inflation October 7, 2021 The Bank of England’s newly crowned chief economist has slammed his new employer for dropping the ball on inflation. Huw Pill, Andy Haldane’s successor, characterised the Bank’s bet on the inflation upsurge being transitory as “proving greater than expected.” “Over recent months inflation has surprised to the upside, UK activity data have disappointed somewhat, while [...]
Brussels tells France to cool post-Brexit row with UK over fishing licences October 7, 2021 Brussels has told the French government to calm its rhetoric over a fishing row with the UK, after Paris threatened to turn off power to the Channel Islands this week. The EU, and individual European governments, have reportedly told Emmanuel Macron’s government that the threats to shut off power to Jersey and Guernsey or to [...]
Night Tube decision to be made ‘within weeks’ as pressure to re-launch mounts October 7, 2021 London mayor Sadiq Khan said during his “Speak to Sadiq” segment on British radio LBC that an announcement regarding the reopening of the night Tube will be made soon. Khan, replying to host James O’Brien’s question, said: “I will have an announcement in the next couple of weeks. We’ve been working incredibly hard to bring [...]
October in the City: the cultural events not to miss October 7, 2021 How much fun is it being out and about dancing, being immersed in art and going to live music again? On 7 October Unpredictable Thursdays presents experimental music, free improvisation, film, and art sessions, which are well worth checking out. For something more classical, Fidelio Orchestra Cafe has introduced a new series of concerts featuring [...]
Finance firms cut crime prevention teams despite money laundering alerts swelling October 7, 2021 Instances of suspected money laundering in Britain’s financial services sector are growing rapidly. The number of alerts to law enforcement agencies of potential money laundering or terrorist financing climbed to over 1m last year, according to the City watchdog. More to follow.
Banks increasingly keen to enter crypto space say industry experts October 7, 2021 Digital asset firms which specialise in serving institutional clients say that banks are increasingly willing to enter the crypto space. At the Token2049 crypto conference held in London today leading figures in the digital financial services space came together to discuss the state of institutional adoption in the crypto market. Michael Moro CEO of Genesis [...]
Working Lunch: The Game Bird is perfect for a languorous meal October 7, 2021 We sampled the menu of The Game Bird and enjoyed a calming lunch suitable for a long business catchup What is it? It’s a gem of a restaurant hidden within The Stafford Hotel. Reached via a narrow alleyway just off the park, it can be quite easy to miss. The decor is eclectic, with nods [...]
General Motors aims to double revenue by 2030 as car giant bets on electric vehicles October 7, 2021 Automotive giant General Motors (GM) expects to double its revenue to $280bn by 2030, expanding its margins from 12 to 14 per cent. Electric vehicles, connected services and new business opportunities will be the main drivers, said yesterday GM chief executive Mary Barra. “We have multiple drivers of long-term growth and I’ve never been more [...]
