Government’s ambitious planning reforms to be watered down September 11, 2021 Planning reforms that were designed to boost homebuilding are set to watered down by the Government, according to various reports this morning. With a target of building 300,000 new homes a year in England, ministers had said they wanted to overhaul the planning system, arguing reforms would boost the building of high-quality, sustainable homes, by [...]
Virginia Giuffre’s lawyers say Prince Andrew has been served legal papers September 11, 2021 Lawyers for the woman suing the Duke of York over sexual assault allegations have claimed to have served legal papers on him, according to a document filed in a New York court. The legal counsel, who represent Virginia Giuffre, say in the document that the civil lawsuit was handed to a Metropolitan Police officer who [...]
UK set to see a sharp slowdown in economic growth, warns British Chambers of Commerce September 10, 2021 The UK is set to see a sharp slowdown in economic growth as the mounting supply chain crisis and staff shortages threaten to derail Britain’s recovery, according to a major business group. The British Chambers of Commerce (BCC) warned there is also a “real danger” the Government’s health and social care levy could further stifle [...]
Exclusive: Coutinho, Ronaldo, Bale, Grealish and other mega transfers to push Premier League spending to £55bn by 2050 September 9, 2021 Premier League clubs’ spending sprees will amount somewhere close to £300m annually in the next 30 years, according to new research that was shared with City A.M. this afternoon. The average outlay per club is set to be £286,996,502 in 2050, an increase of 135.99 per cent, while the average fee paid by top-flight clubs [...]
Morrisons CEO: Higher prices are coming due to lorry driver shortage September 9, 2021 The boss of supermarket giant Morrisons has warned of pressure on prices due to the lorry driver shortage and higher costs. The takeover target – which is at the centre of a bidding battle between two US private equity firms – said it expects industry-wide retail price inflation in the coming months as a result [...]
Game over: China suspends approval for all new online video games September 9, 2021 China has suspended approval for all new online games in a bid to curb a gaming addiction among young people, the South China Morning Post reports this afternoon. Watch the full report.
Coinbase: Despite SEC threat, Gerber CEO bullish about crypto exchange’s prospects September 9, 2021 As Coinbase shares pull back amid concerns over a potential SEC lawsuit, Gerber Kawasaki CEO Ross Gerber explains why he’s bullish about the crypto exchange’s long-term prospects.
Is Theranos founder Elizabeth Holmes a villain? No, she is just naive, says her lawyer September 9, 2021 Theranos founder Elizabeth Holmes is not a villain but rather a hard-working, young and naive businesswoman whose company simply failed, her lawyer told jurors at the former Silicon Valley star’s trial on fraud charges involving the now-defunct blood-testing startup once valued at $9bn. Watch the full report.
Through the roof: China’s factory inflation highest in 13 years September 9, 2021 China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices. Watch the full report.
Exclusive: Experts weigh in on why more older people are exiting the workforce earlier September 9, 2021 The Department for Work & Pensions published a report this morning which showed that, over the past year, older people have been exiting the workforce earlier. Moreover, the employment rate of people aged 50-64 has also fallen slightly. City A.M. sought the views of six recruitment, HR and financial experts on why this is happening. Sarah Loates, [...]
