EV: Honda pledges to have a 100 per cent electric fleet by 2040 April 23, 2021 The new CEO of Honda has confirmed today its goal to make electric vehicles (EVs) and fuel cell vehicles (FCVs) count for 100 per cent of all sales by 2040. Chief executive Toshihiro Mibe, who joined the carmaker at the beginning of April, said the company will invest $46.3bn, or five trillion yen, in supporting [...]
Covid transmission from human-to-cat is possible, scientists confirm April 23, 2021 Two cases of human-to-cat transmission of Covid-19 have been identified by researchers from the University of Glasgow as part of a screening programme. The cats, of different breeds, were living in separate households and displayed mild to severe respiratory signs. Researchers believe both pets were infected by their owners, who had Covid-19 symptoms before the [...]
Extinction Rebellion activists block headquarters of Lloyd’s of London in the City April 23, 2021 Climate activists are protesting outside the office of Lloyd’s of London in the City this morning, dumping fake coal outside in front of the building as part of a campaign against insuring fossil fuel mining activities. Activists from the Extinction Rebellion group are holding up banners with slogans such as “Climate Criminals” after they dumped [...]
UK cuts £43.3bn from bond issuance plans for 2021/22 April 23, 2021 The UK has tabled plans today to issue £252.6bn of government bonds in the 2021/22 financial year, £43.3bn short of what it forecast in March. The reduction comes following data revealing a fall in government borrowing for the previous 2020/21 year, dipping below previous official forecasts. The Debt Management Office has continued to raise net [...]
HSBC hires former Wells Fargo lead as its new head of global banking April 22, 2021 HSBC has hired the former executive vice president of Wells Fargo as its new head of global banking in Europe based in the capital. Stepping into the role on 15 July, Lisa McGeough joins HSBC from the California-based bank after 15 years, most recently serving as both executive vice president and head of international. McGeough [...]
HSBC open to climate talks but cannot ‘condone vandalism’ April 22, 2021 Following a climate protest which saw windows smashed at its City headquarters, HSBC has said that it welcomed discussion on climate change but that it could not ‘condone vandalism’. “We welcome meaningful dialogue on our climate strategy; however, we cannot condone vandalism or actions that put people and property at risk,” a spokesman said. “We [...]
British expats stranded by Japan’s slow vaccine rollout April 22, 2021 While the UK’s vaccination programme has seen 33m with jabs in arms, British residents in Japan have been left frustrated by the country’s slow vaccine rollout. Unable to visit family since the pandemic began, Japan has vaccinated less than one per cent of its population so far. The Olympic-host’s vaccinations have been curbed by delayed [...]
MPs call for ‘greenwashing’ ban in financial services April 22, 2021 The UK should take steps towards banning ‘greenwashing’, MP’s have written today, by making environmental labelling compulsory for consumer financial products and task regulators to stop misleading claims. It comes as climate activists smashed windows at HSBC’s Canary Wharf headquarters this morning, in protest of the bank’s investment policies. In the run-up to the UK’s [...]
Virgin Atlantic boss expects to fly full fleet by October April 21, 2021 Virgin Atlantic is eyeing October or November this year to be back flying its full fleet, its chief executive said today. The comment forecasts the end of the pandemic crisis for airlines, as the majority of flights have been grounded for over a year. “We are by no means out of this situation, we will [...]
City Moves: Who is switching jobs in the Square Mile this week? April 21, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. In this week’s City Moves, we have a host of newly created roles making their way across the Square Mile. From chief data officers to directors of environment social and governance – the [...]
