Boris Johnson indicates furlough scheme will be extended past April February 22, 2021 Boris Johnson has today vowed “not to pull the rug out” on people receiving emergency Covid support, indicating that he will extend the furlough scheme and other measures past April. Johnson outlined England’s roadmap out of the current Covid lockdown, telling MPs that the easing of lockdown would be a “one way road to freedom”. [...]
How to take your Margarita to the next level February 22, 2021 Today is National Margarita Day, the one day a year when our pagan ancestors would put aside their mead and throw together a few pitchers of Mexico’s finest. Okay, we made that up, but we still advocate mixing a nice strong tequila cocktail to take the edge off whatever Boris Johnson is about to announce. [...]
Valsana Hotel in Switzerland is a geothermal Alpine retreat February 22, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s stay in The Valsana, Switzerland’s first geothermal hotel. ••• These days, a sense of wellbeing isn’t just about body and spirit but also about leaving a lighter carbon footprint. Which is why [...]
Can’t knock the hustle: LVHM’s Moet Hennessy takes 50 per cent stake in Jay-Z’s champagne brand February 22, 2021 Luxury goods company LVHM is buying a 50 per cent stake in rap star Jay-Z’s champagne brand, Armand de Brignac. Jay-Z’s champagne brand is high-end, and known for its metallic bottles that cost hundreds of thousands of dollars each. The investment, LVMH and Jay-Z said, is aimed at growing Armand de Brignac through LVMH’s global [...]
Who were 2020’s highest-paid hedge fund managers? February 22, 2021 While other parts of the economy took a kicking amid the pandemic, the hedge fund elite seemed to weather the storm. Institutional Investor’s 20th edition of its Rich List reveals the top 25 hedge fund managers banked a cool $32bn last year. Overall hedge funds returned 11.6 per cent last year, their best performance in [...]
Are politicians tech-savvy enough to tackle social media giants? February 22, 2021 The news has been full of tech stories in what little we’ve seen of 2021: Facebook’s decision to ban news content on its site in Australia, Google’s threat to withdraw its service altogether from Australian users in light of legislation which would oblige tech platforms to pay for news, and Twitter’s intervention by suspending former [...]
Citadel billionaire questions economic value of Bitcoin February 22, 2021 Ken Griffin - a key player in the financial world - says Bitcoin isn't something he thinks about.
Tom Hayes Libor conviction being examined for miscarriage of justice February 22, 2021 Tom Hayes’ conviction for rigging Libor interest rates is being examined by the Criminal Cases Review Commission, a body set up to review allegations of miscarriages of justice. The former UBS trader was found guilty of manipulating Libor in 2015, making him the first trader convicted by jury of rigging Libor global interest rates. He [...]
A wealth tax could raise as much as £55bn – but is it really the answer? February 22, 2021 Our friends at Tortoise are hosting an all-day summit on the Future of Money this coming Thursday. They’ve opened up the exclusive event to a small number of City A.M. readers, who can register here with the code GUESTOFCITYAM. Here, Tortoise’s Kim Darrah and Giles Whittell look at what a mooted wealth tax could mean [...]
Tory MPs push for Easter reopening of hospitality in lockdown roadmap February 22, 2021 The Tories’ group of lockdown sceptic MPs are pushing Boris Johnson to reopen hospitality by Easter in his roadmap out of the current Covid lockdown. The forty-strong Covid Recovery Group (CRG) of Conservative MPs want the Prime Minister to outline a full reopening for the sector by 4 April, with the UK’s pubs lobby backing [...]
