German insurance watchdog forecasts €5.5bn worth of flood damage claims July 28, 2021 German insurance industry association GDV has forecast around €5.5bn worth of claims due to extreme flooding earlier this month. The insurance watchdog has upped its estimates from between €4bn and €5bn last week. Germany’s biggest insurer Allianz issued its first damages estimate of more than €500m yesterday from the storm known as storm Bernd. The [...]
No increased blood clot risk after second dose of AstraZeneca July 28, 2021 New data shows AstraZeneca’s Covid-19 vaccine carries no additional risk of rare blood clotting disorder after the second dose. A study published in the Lancet medical journal found that the estimated rate of thrombosis with thrombocytopenia syndrome (TTS) in people who had received both doses was 2.3 per million. This figure is comparable to that [...]
Gooooood morning Forty! Party time as Bitcoin breaches $40,000 July 28, 2021 The Bitcoin price is back up at around the $40k level this morning after dipping as low as $36k yesterday, as the markets continue to look volatile this week.
City Corporation urges firms to support its socio-economic diversity task force July 28, 2021 The City of London Corporation is calling on financial and professional services firms to encourage their networks and employees to support its socio-economic diversity task force. At a virtual meeting, City Corporation policy chair Catherine McGuinness asked individuals and organisations to get involved by being informed and using their influence to raise awareness of the [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Environmental Agency chair joins Green Finance Institute board The Green Finance Institute (GFI) has posted the chair of the UK’s Environmental Agency as its new interim chair, following the death of its founding chairman Sir Roger [...]
Jungle Cruise is a silly but entertaining Disney adventure July 28, 2021 Musclebound A-lister Dwayne Johnson has made his name in the movie business by making hits from unlikely source material. Reviving the Fast and Furious, GI Joe, and Jumanji franchises, his face alone is enough to make hits out of dodgy propositions. Skyscraper, San Andreas, arcade game adaptation Rampage: the list goes on. Can he work [...]
High Court to hear legal challenge to UK’s North Sea oil plan July 28, 2021 The High Court has today agreed to hear a case brought by environmental campaigners claiming that the government’s plans for the North Sea oil basin are unlawful. Three activists are arguing that the Oil and Gas Authority’s (OGA) new strategy for the continental shelf, which was released earlier this year, conflicts with its legal duty [...]
Boris Johnson says being double-jabbed will ‘help you’ go to mass events July 28, 2021 Boris Johnson has said today that getting two vaccines will “help, not hinder” people wanting to travel or go to mass events in a clear suggestion the government wants to roll out vaccine passports. The Prime Minister said “it’s a very positive thing” to get a Covid jab and that take up among young people [...]
Are eSports and blockchain gaming coming of age? July 28, 2021 Blockchain gaming is opening up earning potential for the average gamer without streaming, writes Jillian Godsil.
Coutts secures B Corp ethical status July 28, 2021 Coutts has secured the sought-after B Corp status, the bank announced on Twitter. The certification attests companies uphold certain social and environmental performance standards, public transparency, and legal accountability to balance profit and purpose. The private bank and wealth manager has a history spanning over three centuries and is known to be the banker for [...]
