Britons save £7bn in July amid covid money worries September 1, 2021 Britons saved £7bn in July as concerns over Covid-19 and the pingdemic prompted people to hide away their cash. The jump in savings caused total funds deposited in bank accounts since the since the start of the pandemic to rise to almost £230bn, according to the Bank of England. A spokesperson for Hargreaves Lansdown, the [...]
Extinction Rebellion activists smash JP Morgan windows September 1, 2021 Green activists have vandalised the JP Morgan headquarters in Embankment using chisels and hammers to smash two windows. This morning eight women representing Extinction Rebellion arrived at the building and used hammers adorned with the words ‘live,’ ‘laugh’ and ‘love’ to break the glass. Activists added stickers which read ‘in case of climate emergency, break [...]
Bitcoin and Ethereum still singing as NFTs are grabbing the microphone September 1, 2021 Bitcoin appears comfortable, lingering in the $47,000 to $47,500 range with a one per cent lift from yesterday, while Ethereum is floating over the $3,500 mark.
Global crypto community sends $4.68bn to scam accounts in a year September 1, 2021 A new report has revealed that the global crypto community lost $4.68bn (£3.4bn) to scams last year with Western Europeans hit hardest. Crypto holders in West Europe sent $1.4bn worth of crypto to illicit addresses last year, more than any other region, with $1.1bn of assets being sent to scam accounts according to Chainalysis. Kim [...]
US financial markets watchdog chief warns cryptocurrency platforms will not survive without oversight September 1, 2021 The chief of the US financial markets watchdog has warned that cryptocurrency trading platforms are unlikely to have any future unless they collaborate with regulators. Gary Gensler, chairman of the Securities and Exchange Commission, that if the industry is going “to have any relevance five and 10 years from now, it’s going to be within [...]
Vauxhall warns chip shortage to continue for months September 1, 2021 Vauxhall has warned that the current shortage of semiconductor chips is unlikely to improve until the end of the year. It is the latest automaker to raise concerns about the supply crisis, which has impacted car production around the world throughout this year. Speaking to the BBC, Vauxhall Motors managing director Paul Willcox said that [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Pictet Wealth Management poaches Goldman Sachs veteran as new CEO Pictet Wealth Management has appointed a Goldman Sachs veteran as its new CEO, following the departure of its long-standing lead Heinrich Adami. Joining next week, Robert [...]
JD Wetherspoon hit by supply chain disruption as beers unavailable September 1, 2021 Pub goers hoping to order a pint of Carling or Coors have been left disappointed after JD Wetherspoon confirmed shortages of some products. The pub chain did not know how many sites had been impacted by beer shortages but said it was only aware of supply issues with Carling and Coors beers. Some customers have [...]
Next boss calls for UK immigration shakeup amid lorry driver shortage September 1, 2021 Lamenting the national lorry driver shortage, Next boss Lord Simon Wolfson has called on the Home Office to shape up its immigration rules to allow overseas hauliers into the UK. The trickling supply of HGV drivers has led to 94 per cent of hospitality businesses reporting problems with the delivery of products, according to trade [...]
While the lunatic fringe of Extinction Rebellion wages war on itself, the City does the green heavy lifting September 1, 2021 To Extinction Rebellion’s list of enemies – of whom there are now so very many – we can now add the giant panda. You might have thought that the endangered bamboo-bothering bear was an example of the dangers of environmental change. After all, there’s no question that human behaviour has led, in part, to their [...]
