Chinese tech shares drop after Beijing tightens rules on internet competition August 17, 2021 China has marked its latest crackdown on the technology sector as the authorities announced new rules today to tackle unfair internet competition and companies’ handling critical data. The State Administration for Market Regulation (SAMR) published a set of draft regulations banning unfair competition and restricting the use of user data. Shares of Chinese tech companies [...]
New Tricks: Video streaming sites are trending among over-65s August 17, 2021 The pandemic has encouraged 65 to 75 year olds to start using video streaming sites such as Netflix and Amazon Prime. Almost three fifths of consumers in this age bracket, some 57 per cent, have access to a video streaming service as of 2021. The figure marks an increase of 19 percentage points compared to [...]
Worst kept secret confirmed as Crozier moves to head up BT August 17, 2021 Adam Crozier has been confirmed as the new chairman of BT following the retirement of Jan du Plessis. It has been known for some time that Crozier would be taking up the post after The Sunday Times revealed that he had beaten off three other candidates for the post earlier this month. Crozier is an [...]
Digital banks pull ahead of high street rivals in battle for consumers’ wallets August 17, 2021 Digital banks are pulling ahead of their traditional high street rivals in the battle to deliver strong customer services, according to findings from the competition watchdog. The Competition and Markets Authority found that Monzo, Starling Bank and First Direct are the top banks for customer service in Britain. The CMA conducted a survey of 1,000 [...]
The City will bounce back: Royal Exchange owners on the future of retail August 17, 2021 Is London over? There are plenty of doom-mongers ready to make that case after the pandemic flipped the world on its head. But for answers, it helps sometimes simply to follow the money. Two new skyscrapers approved recently for the City of London and occupancy increasing at pre-existing buildings like 22 Bishopsgate bode well. And [...]
Net zero must be at the heart of Britain’s taxation system if we want to meet our carbon commitments August 17, 2021 If there was any doubt about the urgency of the climate crisis, this summer of extreme weather events – from “heat domes” in the US, to devastating forest fires across Europe and flash flooding closer to home – has surely put paid to it. The latest stark assessment from the IPCC leaves no room for [...]
New Zealand to enter strict lockdown after single Covid-19 case detected August 17, 2021 New Zealand is set to enter its highest level of lockdown tonight after detecting a single case of Covid-19 in Auckland, Prime Minister Jacinda Ardern has confirmed. A 58-year-old man has been found to have the virus – the first coronavirus case within New Zealand’s borders for 170 days. The strict restrictions comes amid concerns [...]
Holidaymakers paying millions for PCR tests that ‘aren’t checked for new variants’, say Lib Dems August 17, 2021 UK holidaymakers are paying out millions of pounds for PCR tests that aren’t checked for new Covid variants, research by the Liberal Democrats has revealed. Holidaymakers paid an estimated £26.7m for PCR tests in July while only 293 positive tests were checked for variants, equivalent to around £90,000 for each sequenced result. Fewer than one [...]
EP: 80 York Ebor Festival – Wednesday August 17, 2021 Day 1 of the York Ebor Festival sees the Group 1 Juddmonte International as the highlight on the card. We speak to York racecourse Chief Executive & Clerk of the course William Derby ahead of this year’s meeting. City A.M. racing editor Bill Esdaile previews the best of the action alongside Jamie Hart from the [...]
Boxpark CEO: ‘once in a lifetime’ opportunity for expansion August 17, 2021 Boxpark CEO Roger Wade has said the post-lockdown property market offers a “once in a lifetime” opportunity to expand. The founder of the food and leisure park concept told CityA.M. it was the “best time to expand” in London as there had been a “major clear out” of hospitality businesses and many empty spaces available. [...]
