Financial crime and fraud go through the roof during pandemic August 19, 2021 Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS). As a result, financial crime, fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes”, according to new figures. Figures [...]
Criminals troll dating websites to scam would-be lovers with bogus offers August 19, 2021 Cyber criminals offering bogus investment opportunities on dating platforms this year has led to losses of more than £15m, according to new data shared with City A.M. this evening. While the vast majority of investments offered are in cryptocurrency, victims have also handed over money believing they are investing in other commodities, including stocks and [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Markets stumble as China throws sand into the gears of recovery August 19, 2021 European stocks have come under further pressure today, in sharp contrast to last week. The falls appear to be being driven by several factors, so you can pick your poison to a certain extent, however the prospect of a Fed taper is unlikely to one of the main factors, given that US yields are lower, [...]
Thames Water coughs up £11m to compensate 13,8000 businesses for wrong bills August 19, 2021 Following an investigation by regulator Ofwat, Thames Water has agreed to pay more than £11 million to 13,800 businesses for billing them the wrong amounts. The company said it would hand out the cash to non-household customers and water retailers for errors dating back to 2017 after the Ofwat probe. Investigators found data used to [...]
Bouncing back: Median basic pay stabilises after worst year in a decade August 19, 2021 Median basic pay increases between May and July 2021 were worth 2 per cent, unchanged on the figure seen in each of the three previous rolling quarters. However, this is a welcome stabilisation on pay after the median pay award fell to nil in the same period a year ago, according to data from legal compliance platform XpertHR, [...]
Chaos in Kabul: watch how US soldiers help Afghan women over airport wall August 19, 2021 Footage showed American soldiers helping a little girl and a woman over a wall at Kabul Airport. Watch the full report.
Three people arrested for opening fire into large crowd in Camden August 19, 2021 A man and two teenagers have been arrested by police investigating a shooting at a barbecue. Four people were injured when up to five males “indiscriminately” fired a weapon into a large crowd during the event in Clarence Gardens in Camden, north-west London, on Saturday. Officers arrested a 22-year-old man on suspicion of possession of [...]
Londoners ‘disgusted’ by fashion industry abuses but lack money to shop ethically August 19, 2021 London consumers feel strong negative emotions about fashion industry exploitation, and that they want the industry cleaned up so they can enjoy shopping without guilt. More than two-thirds (68 per cent) of Brits taking part in a new survey that was shared with City A.M. felt either ‘disgusted’ ‘sad’ or ‘angry’ about the fact that [...]
Not going anywhere: Dominic Raab rejects calls to resign amid outrage over treatment of Afghan translators August 19, 2021 Foreign Secretary Dominic Raab has rejected calls to quit after opposition leaders demanded he be sacked for failing to make a call to help translators flee Afghanistan. The Foreign Secretary was reportedly “unavailable” when officials in his department suggested he “urgently” call Afghan foreign minister Hanif Atmar on Friday – two days before the Taliban [...]