Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 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. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
Price cap to spike again: Watchdog warns worst is still to come for energy prices May 25, 2022 Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power out of the UK's growth prospects.
We must uphold online competition at home, or we risk lagging behind the EU May 25, 2022 RIght now in the European Union, law-makers are putting the finishing touches on the Digital Markets Act – a landmark law which will upend big tech firms’ business models to improve competition online. In the UK, on the other hand, regulators, ministers and many lawmakers are frustrated. UK regulators are convinced dominant big tech firms [...]
Fish and chip shops struggle to keep heads above water as sector battered by price rises May 25, 2022 Some fish and chip shop owners could be driven to commit fraud in the absence of any further tax relief, one industry boss has warned. The words of warning came from president of the National Federation of Fish Friers, Andrew Crook, who told CityA.M. that the fish and chip industry had felt “abandoned” by the [...]
London should have devolved powers to build infrastructure, says think tank May 25, 2022 London should have more freedom over how it raises and spends its money in order to deliver more world-class infrastructure, reckons the capital’s leading think-tank. Nick Bowes, chief executive at think tank Centre for London, believes the capital should have similar powers to global cities such as Paris, New York or Berlin. “It’s not obvious [...]
Fresh strikes to hit millions of commuters as railway workers vote in favour of industrial action May 25, 2022 Commuters will need to brace themselves for a new wave of strikes after members of the RMT union working in the railway industry have decided in favour of nation-wide industrial action. The RMT announced the ballot’s results, adding that 71 per cent of workers balloted took part in the vote with an 89 per cent [...]
National Grid calls for local energy pricing to drive down household bills May 25, 2022 The National Grid has called for the break-up of the electricity market so that different prices are charged in different parts of the country.
Many lessons can be learned from drink driving and smoking laws to tackle obesity May 25, 2022 Obesity has been a hot topic over the past week. The government announced it would delay its plan to implement restrictions on junk food marketing and volume-based price promotions. These had been presented as key elements in the strategy to reduce obesity. With a timing which was either impeccable or pure good luck, the Cancer [...]
Legal & General Capital announces $500m investment into US laboratory firm May 25, 2022 Asset manager Legal & General Capital (LGC) has unveiled its first stateside investment today with a $500m cash injection to spur the development of lab facilities across the US.
