Crypto Summit LIVE: Updates from the heart of the City September 30, 2021 Day 2 Yesterday, we were treated to keynote talks from Lord Chris Homes MBE, member of the House of Lords, Marcus Hughes of Coinbase and Alderman William Russell, Lord Mayor of The City of London and more! The day was topped off with an awards ceremony held at St Leonardo’s hotel in London. Closing thoughts [...]
Deliveroo muscles in on rapid grocery delivery in London with Morrisons tie-up September 30, 2021 Deliveroo has made an entrance into the crowded rapid grocery delivery market by launching “Hop”, a partnership with Morrisons that will deliver groceries in south London from a dedicated “dark store”. Hop promises to deliver in “as little as 10 minutes” and launches today for initial delivery to residents in Vauxhall and Battersea in south [...]
Virgin Galactic allowed to resume flights, sending shares into orbit September 30, 2021 Virgin Galactic’s shares have soared 13.9 per cent today after British billionaire Richard Branson’s company was given the go ahead to return to space flights following a temporary ban. The company’s flights were halted by US regulators the Federal Aviation Administration (FAA) after a capsule flight in July deviated from its approved path. After an [...]
City of London Corporation may U-turn on decision to remove slaver statues September 30, 2021 Statues of a slave owner and slave trader from the 18th century may remain at the City of London Corporation’s Guildhall headquarters, despite initially deciding to take them down earlier this year. The statues of Sir John Cass and William Beckford were going to be removed in the wake of the Black Lives Matter protests [...]
AA: Fuel shortages hit the capital hardest as Londoners charge to nearby pumps September 30, 2021 The fuel shortages that have gripped the UK have hit London the hardest, according to the president of breakdown cover company AA. With stacking queues and empty pumps, it appears Londoners and those in the South East were the worst for panic buying. “In general terms London and the Southeast have been hit hardest and [...]
VAT for hospitality to rise to 12.5 per cent tomorrow September 30, 2021 Hospitality bosses have called for a freeze on increases to VAT, as the tax on pubs and restaurants will rise to 12.5 per cent tomorrow. The 12.5% rate will replace the reduced 5% rate that has applied to hospitality businesses since July 2020. It marks a step in the Treasury’s goal to return the tax [...]
Exclusive: MELD to launch gold-backed stablecoin on Cardano network September 30, 2021 MELD has announced plans to launch a gold-backed stablecoin on the Cardano network as part of plans to democratise access to crypto. On day two of the City AM crypto summit, chairman Ken Olling announced a three-way partnership with African agri-fintech Tingo International Holdings, and Ubuntu Tribe – an ethical firm which tokenises natural resources. [...]
Gas prices hit a five-year high, just a day after three more suppliers go bust – CityAM : CityAM September 30, 2021 Gas prices have hit a five-year high today, a day after the UK’s gas crisis pushed three more suppliers to collapse. UK contracts for next month rose above 238p per therm, while wider European natural gas and power prices also touched new records. It comes as Rishi Sunak is set to announce £500m in grants [...]
New climate action course will help City SMEs go net zero September 30, 2021 Applications have opened for a free course aimed at helping small and medium-sized businesses in the City of London play their part in tackling global warming. The course – Climate 4 SMEs: 4 Steps to Action – is open to businesses of between nine and 249 employees which are either based in or operate in [...]
Shortages and spiralling costs deal blow to Chinese economy September 30, 2021 The steam engine of China’s economy unexpectedly shrank last month, indicating the global recovery from the Covd-19 crisis is losing momentum. China’s manufacturing purchasing managers’ index, a closely watched indicator of the health of the country’s economy, notched a reading of 49.6 in September, lower than the 50.1 predicted by analysts. China, like much of [...]
