The British Virgin Islands and the UK: A modern partnership is one of equals August 20, 2021 With a thriving financial services sector and a safe and reliable place to do business, the British Virgin Islands is important not only as one of the UK’s Overseas Territories but as a partner to the City of London. Under the BVI constitution, responsibilities are shared between the elected Government, led by me as premier, [...]
Public debt swells to largest level since 1960s – CityAM : CityAM August 20, 2021 The UK government’s stock of debt relative to the economy swelled to its highest level since the 1960s, driven by the expensive response to quash the impact of the Covid crisis wreaking havoc on the public finances. Data from the Office for National Statistics shows public sector net debt reached £2.2 trillion at the end [...]
Britain 2030: Writing off the high street is unambitious; its future is bespoke, local and community-driven August 20, 2021 After years of decline, the Covid-19 pandemic further hammered the high street, leading to boarded up shops and mass job losses, and some to declare the high street “dead”. But writing off the high street could prove to be unambitious, as, with the help of local government and private stakeholders, the post-pandemic high street could [...]
London landlords outliers as UK rental demand hits five-year high August 20, 2021 Demand for private rented housing has reached a five-year high but demand in London has been lower than elsewhere, a survey of landlords has revealed. More than one third of landlords surveyed (39 per cent) agreed that demand for homes to rent had increased in 2021’s second quarter. This was an eight per cent increase [...]
CMA watchdog warns ARM sale raises ‘serious competition concerns’ August 20, 2021 The Competition and Markets Authority (CMA) has said that NVIDIA’s purchase of Arm raises serious competition concerns. The report, which has been sent to Oliver Dowden, the Secretary of State for Digital, said an “in-depth investigation” into the $40bn deal between Arm and NVIDIA is warranted. The CMA highlighted that NVIDIA and Arm are both [...]
Suspect in custody after ‘bomb threat’ near US Capitol August 19, 2021 A man who claimed to have an explosive device near the Congress building in Washington D.C has surrendered and is now in custody. Multiple buildings around the US Capitol were evacuated on Thursday after a man in a black truck told police he had a bomb. The suspect was identified by authorities as 49-year-old Floyd [...]
Taliban hunting ‘lists of individuals’ who have worked with foreign troops August 19, 2021 The Taliban are going to door-to-door and arresting government employees and Afghans who have worked with the US and UK. Militants are carrying out a methodic hunt for certain people who collaborated with foreign forces, Christian Nellemann, director of the Norwegian Centre for Global Analyses, told the BBC. He said: “What we have seen is [...]
Amazon plans to open department stores in US August 19, 2021 Amazon plans to open department stores in the U.S. allowing the trillion dollar tech company to expand its physical presence in retail. The company’s flagship retail stores are expected to be located in Ohio and California, an insider told The Wall Street Journal. The new spaces will offer customers access to household goods, clothing and [...]
Elephant & Castle restaurant stripped of licence after ‘machete’ attack August 19, 2021 An Elephant & Castle restaurant has lost its licence to sell alcohol after a man was left with a “possible machete” wound. Southwark Council’s licensing sub-committee revoked El Rincon Costeno’s licence at a virtual hearing on August 10 following an incident in July where police officers were called. Officers were called at around 2.40am on [...]
Extinction Rebellion: City of London to be next climate campaign target August 19, 2021 Environmental activists have said they will begin a fresh campaign next week in the heart of the capital’s financial district. The fortnight-long campaign targets the City of London, which Extinction Rebellion activists blame for stoking climate change with fossil fuel investment chains. Extinction Rebellion (XR) has regularly staged demonstrations across the UK – targeting banks [...]
