Calls to delay COP26 climate talks so poorer countries can attend September 7, 2021 The UN climate talks that will be held in Glasgow next month should be postponed amid fears people from poorer countries will not be able to fully take part, environmental groups said today. But the Government insists it is rolling out vaccines for foreign delegates and will fund quarantine hotels for those who would not [...]
Watch: Daimler presents all-electric Mercedes EQE at Munich car show September 7, 2021 Daimler has presented their new Mercedes EQE, the first fully electric vehicle for the premium carmaker’s high-performance AMG brand and a concept car for its luxury Maybach brand ahead of the Munich IAA car show opening. Watch the full report.
Global chip shortage casts shadow over Munich car show September 7, 2021 Car manufacturers are busy unveiling new electric vehicles at the Munich car show, but the global shortage of chips is casting a shadow over the event. Watch the full report.
Cairn Energy plans £500m shareholder bonanza following Indian tax windfall September 7, 2021 London-listed oil and gas firm Cairn Energy said this morning that a long-running tax dispute with India is nearing its conclusion, paving the way for a £506m handout to shareholders. Bosses said today they expect the country’s government to hand over close to £770m after officials seized a stake in its Indian operations as part [...]
Exclusive: Pension funds turn to illiquid assets in search for higher yields September 7, 2021 UK pension schemes are increasingly pumping more equity into illiquid assets, primarily driven by greater transparency around the assets and the need to diversify, according to new research shared with City A.M. today. This research, carried out by Alpha Real Capital, is timely given the recent news that The Pensions Regulator will not proceed with [...]
Back to the office: Can employers bar unvaccinated people from the office? September 7, 2021 As the Covid vaccine rollout is maturing across Britain, an increasing number of employers have indicated they will require their staff to be vaccinated before they can return to the office. Earlier this year, Pimlico Plumbers was the first company in London to publicly announce a “no jab, no job” policy, after its founder revealed [...]
Open-outcry trading returns: London Metal Exchange reopens trading floor after 18 months September 6, 2021 Brokers returned to the UK’s only open trading pen today as the London Metal Exchange welcomed back floor trading for the first time in 18 months. The exchange’s famous “ring” filled with traders and will be seen by many as a symbol of life returning to the Square Mile after trading on the site ceased [...]
Prince Charles and close aide Michael Fawcett reported to police over cash-for-honours claims September 6, 2021 A pressure group has reported Prince Charles and his most trusted aide Michael Fawcett to the police over the cash-for-honours allegations. Graham Smith, chief executive of Republic, a organisation which campaigns for an elected head of state, confirmed he has contacted the Metropolitan Police and reported both Charles and Fawcett on suspicion of breaching the [...]
Foreign cash influx: UK properties firmly back on the radar of foreign investors September 6, 2021 New and returning overseas investors are poised to enter the UK property market following the disruption caused by the coronavirus pandemic, new figures that were released today suggest. Knight Frank said its web traffic data showed nearly a quarter (24 per cent) of users looking at sales and lettings properties in August were based abroad. [...]
World’s first roboworms: Glasgow scientists develop stretchy robot worms September 6, 2021 UK scientists have developed stretchy wormlike robots inspired by the movements of worms which could be used in the fields of industry and prosthetics. A team of engineers from the University of Glasgow say the “roboworms” can stretch up to nine times their own length and are capable of a form of proprioception, the method [...]
