Exclusive: Boris Johnson faces calls from business leaders to commit to net zero financial system April 27, 2021 A group of business leaders have written to Boris Johnson asking him to commit the UK to developing a net zero financial system ahead of this year’s COP26 climate summit. The letter, which has been seen by City A.M., said that such a move would allow the Britain to show off its global leadership before [...]
European tech regulation will hold back free competition and hand power to digital giants April 27, 2021 Last month, the world’s eyes were on America as the CEOs of its most successful businesses came before Congress to testify about their companies’ content moderation practices. But while America debates if and how to regulate digital markets, the EU has been moving forward with similar proposals—proposals that would needlessly burden technology companies for decades [...]
Boris Johnson to chair Cabinet as allegations mount April 27, 2021 Boris Johnson will chair a meeting of the Cabinet later today after a series of damaging claims over the Prime Minister’s conduct during the pandemic. In recent days Number 10 has been rocked by a number of allegations, including from former aide Dominic Cummings, about Johnson’s approach to the pandemic. Yesterday it was claimed that [...]
Even as India grapples with a growing crisis, strong trade ties with the UK are still at the top of the agenda April 27, 2021 Indian Prime Minister Narendra Modi is in the midst of grappling with the ever-worsening tsunami of coronavirus cases and tales of heartbreak in India. As a result, Boris Johnson was forced to cancel his trip last week. However, this has done nothing to dampen the enthusiasm from both countries who have continued to push forward [...]
Elon Musk’s Tesla beats expectations on record deliveries April 26, 2021 Tesla has reported a record quarterly profit, beating Wall Street estimates after a huge rise in deliveries in the three months to March. Total revenue soared 74 per cent year-on-year to $10.39bn in the first quarter, generating a $438m net profit. Tesla said this was primarily achieved through “substantial growth” in vehicle deliveries. The auto [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
UK imposes sanctions on individuals accused of serious corruption in Russia April 26, 2021 The UK has sanctioned a number of individuals across Russia, South Africa and Latin America in the first use of a new anti-corruption law. Some 22 individuals were hit with asset freezes and travel bans today in the first use of Britain’s new Magnitsky act. Like a similar law in the US, it is named [...]
MI6 boss: UK warned Putin he would pay ‘huge price’ if he invaded Ukraine April 26, 2021 The UK and the US sent a warning to Vladimir Putin that he would pay a “huge price” if Russia invaded Ukraine, according to MI6 boss Richard Moore. Russia this week pulled back more than 100,000 soldiers that were positioned on the Ukraine border after concerns Putin was about to launch an invasion. In the [...]
Review of banker bonus cap not top of the agenda, says BoE official April 26, 2021 A review of the cap on bankers bonuses is not top of the Bank of England’s priority list, according to an official. Now the UK is out of the EU it is free to set its own regulatory agenda on financial services. It has previously been reported the Treasury is considering scrapping the cap entirely [...]
Why every company needs to know about the UK trade remedies regime April 26, 2021 Are all tariffs equal? Not when it comes to trade remedies and that matters for businesses who are navigating the UK’s new independent trade policy. Getting caught out with a large duty payment at the border when trying to import bicycles from China or biodiesel from Argentina is not something that any business wants. To [...]
