Blueprint for London’s COVID recovery from “cultural catastrophe” set out by City Taskforce February 9, 2021 Close collaboration across the cultural, civic and commercial sectors will be essential in tackling the “cultural catastrophe” caused by the COVID-19 pandemic, a report published by the Culture and Commerce Taskforce reveals today. Chaired by Lord Mayor William Russell, the City of London Corporation – in partnership with its creative district, Culture Mile – formed [...]
This is just the beginning of the crypto revolution February 9, 2021 Cryptocurrency has been in the news on an almost daily basis over the last few weeks – bitcoin’s volatility throughout January has been well-documented, most recently the notable surge in value that followed Elon Musk changing his Twitter bio to read #bitcoin. Elsewhere, Ray Dalio, founder and chief investment officer of Bridgewater Associates’ referred to [...]
Totally different? Oil giant to rebrand as Total Energies February 9, 2021 French oil giant Total today said it would change its name as the firm looks to reduce the share of sales it derives from oil products over the next decade. The supermajor will rebrand as Total Energies, it said today, as it seeks to expand its renewable energy presence. Central to this is a plan [...]
London facing ‘cultural catastrophe’ due to Covid-19 pandemic February 9, 2021 London’s creative and commercial sectors will have to team up to tackle the “cultural catastrophe” caused by coronavirus, the City of London Corporation has said. In a report published today, the corporation warned of the “devastating” impact of the pandemic and outlined steps needed to restore the capital’s competitive advantage as a cultural and commercial [...]
Eurostar collapse would be ‘disastrous’, warns RMT February 9, 2021 The UK’s biggest union for transport workers, the RMT, has today warned the government that failing to support the Eurostar would be “disastrous” for the country. The union has launched a petition calling on transport secretary Grant Shapps to “urgently agree” assistance for the cross-Channel rail link. However, all the signs so far suggest that [...]
Philanthropic finance could well be another jewel in the City’s considerable crown February 9, 2021 The aftermath of Brexit and the midst of a global pandemic may seem an odd time to be talking about philanthropy, yet the UK has a golden opportunity to position itself as the leading global centre for philanthropy and global investment. Our Beacon Collaborative report published today, “The UK as a Centre of Excellence for [...]
Oil prices hit highest levels in 13 months on back of supply cuts February 9, 2021 A seventh straight session of gains sent oil prices to their highest levels since January 2020 this morning. The rise was driven by a combination of supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Benchmark Brent crude futures picked up 0.7 per cent to stand at $60.97 [...]
The City takes fresh Brexit hit as carbon futures trading heads for Amsterdam February 9, 2021 Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night. The move is another setback for The City and the latest sign of activity leaving London for the bloc following Brexit. The City has been largely cut off from the EU since 1 January, [...]
In-demand G4S hails ‘strong’ last quarter as takeover deadlines loom February 9, 2021 Security firm G4S this morning hailed a “strong” fourth quarter as the bidding war for the outsourcer approached its conclusion. The FTSE 250 firm said that it had achieved an “exceptional commercial performance” in the final period, with new and retained contracts worth £5.5bn. In a trading update, G4S said its cash flow benefited from Covid-19 payroll [...]
Elon’s Tesla play sends Bitcoin ballistic like one of his SpaceX Falcon 9 Rockets! February 9, 2021 Crypto at a Glance Well, the inevitable indeed happened. After week’s of batted eyelashes, flirty texts, and pumping Doge, Elon Musk finally put up and put out. Musk has boarded the big bus to bitcoin city, population 21 million AND NEVER ANY MORE THAN THAT. via GIPHY That’s right, Elon Musk’s car firm Tesla yesterday [...]
