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Exclusive: Seraphim Space posts UK Finance chairman to board March 22, 2022 Seraphim Space has lured in a new City veteran, City A.M. can reveal today, as the chairman of UK Finance steps onto the space capital firm’s board as a senior advisor. Bob Wigley, formerly chairman of Merrill Lynch – now Bank of America – for Europe, the Middle East and Africa, will maintain his role [...]
Business secretary to unveil neurodiversity business forum for greater support March 21, 2022 Business and banking heavyweights including Unilever and the Bank of England have launched a new forum for neurodivergent people in business. The Neurodiversity in Business (NiB) forum is set to support the neurodivergent community in the workplace, taking into account the strengths and differences of “brain-wiring”. Business secretary Kwasi Kwarteng will unveil the new body [...]
Satellite giants strike a deal with government for new UK space jobs March 21, 2022 US and UK satellite giants Viasat and Inmarsat have inked a deal with government to create new space jobs in the UK. The UK has thrown its arms around its blossoming space sector over the past 12 months, as it readies for the first-ever launches from home soil by the end of this year. Viasat [...]
Space firms can ‘solve problems that government’s can’t’ amid Ukraine invasion March 21, 2022 Elon Musk’s Starlink satellites have been helping Ukraine’s drone unit push back against Russian forces, as the space industry acts as a core string in Europe bow to diffuse Russia. A specialist air reconnaissance unit within the army, known as Aerorozvidka, has been picking off Russian tanks, command trucks and vehicles carrying electronic equipment since [...]
Sajid Javid: PM comparing Brexit to Ukraine invasion was about ‘self-determination’ March 21, 2022 The health secretary has become the latest of the Boris Johnson’s cabinet to defend the prime minister likening Ukraine’s desire for sovereignty amid its invasion to the Brexit vote. Health and social care minister Sajid Javid told Sky News this morning that if the public wanted to see what the prime minister thinks about Ukraine, [...]
Fuel duty expected to be cut as cost of living continues to spiral March 21, 2022 Fuel duty is expected to be cut by the Chancellor this week, as the cost of living crisis continues to spiral and onlookers call for political intervention. Soaring energy bills and inflation, as well as record high petrol prices, have significantly dampened consumer spending power amid the UK’s post-pandemic and Brexit recovery. Chancellor Rishi Sunak [...]
Hong Kong lifts Covid-19 flight ban for nine countries including UK March 21, 2022 Hong Kong has announced today that it will lift its ban on flights from nine countries, including the UK, as government officials assure that the latest Covid-19 wave has peaked. Britain, the US, Australia, Canada, France, India, Nepal, Pakistan and the Philippines will all have flights resumed in April, Hong Kong leader Carrie Lam confirmed [...]
Saudi Aramco ramps up oil and gas spending after doubling profits to $110bn March 21, 2022 The world’s largest oil producer is set to ramp up its spending power to meet oil and gas demand, after surging global prices allowed the oil giant to double its profit. Saudi Aramco announced yesterday that it would hike its investment by around 50 per cent this year, to between $40bn and $50bn (£30bn, £38bn). [...]
Business of Space: Sharing satellite imagery or an act of war? March 18, 2022 This week: Canadian firm enjoys revenue jump after snagging NASA contract To share or not to share? Ukraine asks Japan for satellite imagery over Russia OneWeb’s US proxy lines board with former US national security officials Canada’s MDA Space technology firm MDA has swung from its losses in the final three months of 2021, after [...]
City Moves: Who’s switching jobs in the Square Mile? March 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. EY EY has appointed a new UK partner and payments leader, as it expands its financial services technology consulting practice amid rising market demand. Joining from technology and management consultancy Capco, Alla Gancz brings over 25 years [...]