Downing Street clashes with Brussels over €47.5bn Brexit divorce bill July 9, 2021 The UK has hit back at the EU over its hefty Brexit divorce bill, saying it did not recognise the figure and insisting the final payment would remain within the government’s own projections. The bloc last night said Britain was liable to pay €47.5bn (£41bn) to the EU as part of a post-Brexit financial settlement. [...]
Ryanair, BA, Easyjet and Stansted in court today suing over traffic light travel system July 9, 2021 Ryanair, BA, Easyjet and Stansted owner MAG are in court today suing over traffic light travel system
1MDB and Malaysia sue 44 KPMG partners for $5.6bn July 9, 2021 Malaysia govt, its Ministry of Finance and 1MDB are suing 44 KPMG Malaysia partners in a $5.64bn suit for their part in auditing the state investment fund. The lawsuit, which was filed earlier this week, accused KPMG of committing breaches of contract and negligence in its audit and certification of 1MDB’s financial statements for the [...]
Post-Brexit rebound: UK exports to EU climb rapidly July 9, 2021 UK exports to the EU have climbed sharply, defying fears that Brexit would dampen trade between the two blocs, figures published today reveal. Exports of UK goods to the EU jumped eight per cent in May, an increase of £1bn over the last month, according to the ONS. Total exports of UK goods to all [...]
Uber rival Ola raises $500m in funding round ahead of IPO July 9, 2021 Uber rival Ola today said it has raised $500m (£362m) from private equity backers as it gears up for a stock market float. The Indian ride-hailing giant, which is backed by Softbank, said the cash injection had been secured from Temasek and Warburg Pincus in the company’s first funding round for two years. Ola did [...]
No masks, no distancing: Govt set to revise UK workplace guidance July 9, 2021 Ministers are preparing to publish new return to office guidance for businesses next week that will greatly reduce the number of measures recommended to curb the spread of Covid-19. Among the workplace recommendations set to move from obligatory to subject to a company’s discretion are face masks and social distancing, the Financial Times first reported. [...]
EP: 71 Newmarket, York, Ascot & Hong Kong July 9, 2021 The Newmarket July Cup is the feature race on Saturday where Roger Teal’s Oxted looks to win the Group 1 sprint for a second year in a row. Ed Walker has been looking for better ground for Starman, and both trainers join us today. City A.M. racing editor Bill Esdaile previews the best of Saturday’s [...]
Crypto markets look flat and dull as they decide which way to turn July 9, 2021 It's been a lacklustre week in the world of crpyotcurrency as all major coins struggle to break out of the slump.
Buy now pay later schemes need light-touch regulation to protect consumers and nurture economic growth July 9, 2021 The rise of buy now, pay later schemes has been remarkable in the UK. New financing products have flooded the market and revolutionised the online retail and consumer credit market. The use of delayed payments has nearly quadrupled in 2020, with 5 million people using them since the start of the pandemic. Klarna, now the [...]
Police officer Wayne Couzens pleads guilty to Sarah Everard murder July 9, 2021 The Metropolitan police officer pleaded guilty to the murder of Sarah Everard at the Old Bailey on Friday morning. Ms Everard, who was 33, went missing as she walked home from a friend’s house in Clapham on 3 March. Her body was found a week later in woodland in Kent. Wayne Couzens, a 48-year-old married [...]
