With America divided, the spotlight once again falls on the Fed November 6, 2020 Amid the continued uncertainty of the US presidential election, one thing is clear: Joe Biden’s White House, should he secure victory in the coming days, will struggle to deliver its desired fiscal stimulus package through a Republican Senate. The US economy’s path through the Covid recession will therefore be shaped by the actions of a [...]
Michel Barnier tells EU that UK has ‘blocked’ Brexit trade deal progress November 6, 2020 The European Union’s chief Brexit negotiator Michel Barnier reportedly told the bloc’s diplomats that the UK has “blocked” progress in key areas of trade deal talks. At a confidential meeting yesterday afternoon, Barnier briefed representatives from the EU’s 27 member states, saying that “fundamental differences” remain between the two sides, Sky News reported. According to [...]
Trump falsely claims victory and fraud in speech as Biden votes roll in November 6, 2020 Donald Trump has falsely claimed victory and claimed his opponent Joe Biden has committed widespread voter fraud in an historic speech. Trump made a series of baseless claims during the speech and falsely claimed he had won the election, despite being on the cusp of losing to Biden. “You count the illegal votes they try [...]
America fought the drugs — and this week, the drugs won November 6, 2020 As the results continue to trickle in across America, there is one clear winner from the 2020 US election: drugs. From Montana to New Jersey, South Dakota to Arizona, in every state that had relaxing restrictions on the use of cannabis on the ballot, voters backed pot over prohibition. Oregon went further, with the sweeping [...]
We cannot stand by and let lockdown London become a ghost town November 6, 2020 A second lockdown is upon us, and many in the business community are understably frustrated. Some, in fact, have argued that we didn’t need to end up in this position at all. I believe that it is important we do all we can to adapt to the new restrictions and support the government and NHS [...]
PwC buys mindfulness app for all staff amid coronavirus crisis November 6, 2020 Audit giant PwC has bought a 12 month subscription to a mindfulness app for all 22,000 staff across the UK business. City AM understands the chosen app is ‘Headspace’, a mobile app that aims to help users feel less stressed through a combination of meditation, mindfulness and better sleep. In a note to all partners [...]
TfL to start ferry service at Hammersmith Bridge November 5, 2020 The Department for Transport has announced a ferry service will begin at Hammersmith Bridge just days after it hammered out a new bailout with TfL. In a statement this evening the transport department said that, as part of the London bailout, TfL has been “required to procure a ferry service for passengers across the Thames [...]
Building business resilience for a better future November 5, 2020 The standout figure from EY’s latest profit warning analysis is the 34% of companies that have issued a profit warning in the first nine months of 2020. That’s over a third of companies that have materially downgraded their earnings forecasts at least once, compared with 23% in the whole of 2001 and 18% in 2008. [...]
Luxury hotel group Mandarin Oriental warns of ‘significant’ full-year loss November 5, 2020 Luxury hotel group Mandarin Oriental today warned that it will report a “significant” loss for the full year after demand for city centre accommodation crashed during the coronavirus pandemic. The firm, which counts a five-star Knightsbridge hotel among its portfolio, said business levels remain low in most locations due to Covid-19 restrictions. Manderin Oriental this [...]
Bombardier faces SFO probe over Indonesia contracts November 5, 2020 The Serious Fraud Office has confirmed it is investigating aircraft manufacturer Bombardier over suspected bribery and corruption relating to contracts and orders from Garuda Indonesia. It comes after an Indonesian court sentenced Garuda Indonesia’s former chief executive, Emirsyah Satar, to prison in May for bribery and money laundering offences linked to the procurement of planes [...]
