Ethereum ‘yet to take off’ and is on track for $5,200 soon, say experts May 5, 2021 Ethereum’s startling run through $3,000 and above is far from over and could see Bitcoin’s main rival surpass $5,000 before long, according to expert analysts.
It’s time to give Scotland and Wales a dose of financial reality and rethink the Barnett formula May 5, 2021 Subsidies continue to flow from the English taxpayer to the devolved nations of the UK. Boris Johnson is reportedly considering a further massive programme of infrastructure spending to convince the Scots of the benefits of being in the Union. The so-called Barnett formula, put together in the 1970s, already ensures that Scotland always gets more [...]
Drinking around the world: Tasmania is a winemaker to watch May 5, 2021 You have probably never considered stocking up on wine from either Swansea or St Helens. Both are on Tasmania’s Great Eastern Wine Trail, one of four in Australia’s island state. Tassie, the “Apple Isle”, is also home to the Tamar Valley wine road, the East Coast route and the Cradle Coast region, which boasts Ghost [...]
Stockpile key battery metals to avoid ‘looming mismatch’, governments warned May 5, 2021 Governments around the world should consider strategically stockpiling metals critical for energy transition technologies to avoid the “looming mismatch” between their climate intentions and the availability of such materials. A new report by the International Energy Agency (IEA) today said that countries should act now to shore up supplies of metals such as nickel, lithium, [...]
City Spirits: Cinco de Mayo is the perfect chance to look afresh at tequila May 5, 2021 It’s not been a vintage twelve months for travelling, as we all know. But that doesn’t mean you can’t get away, even momentarily, with a taste of further afield. Cinco de Mayo, Mexico’s biggest party day of the year, is upon us – and one of the best ways to raise a glass to Mexico, [...]
Barclays to offer climate vote to investors next year May 5, 2021 Barclays will offer investors a vote on its climate policy at next year’s investor meeting after pressure from activists and shareholders to become greener. The bank will devise extra climate targets in consultation with shareholders, its chairman Nigel Higgins told a webcast investor meeting today. Barclays set itself a target in March 2020 to reach [...]
Issa brothers offer to sell 27 petrol stations to resolve Asda takeover competition dispute May 5, 2021 The Issa brothers, the billionaire businessmen who recently bought Asda, have agreed to sell 27 of their EG Group petrol stations to resolve a competition dispute related to the takeover. Last month the Competition and Markets Authority launched an investigation into the Issa brothers and TDR Capital’s takeover of the supermarket, saying the deal raises [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 5, 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. OneBanks hires ex–Lloyds chief as its first CTO Shared branch banking venture OneBanks has appointed a former Lloyds Bank executive as its first chief technology officer (CTO) this week. Andy Willmot, once [...]
Mayor of London election: Where do the major candidates stand on law and order? May 5, 2021 With the 6 May mayor of London election coming up, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at law and order policies from the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan Khan has promised to [...]
EU urged to bring in tougher climate finance rules May 5, 2021 European Union policymakers today faced a call to break a ‘climate-finance doom loop’ by making banks hold up to three times more capital to cover risks from fossil fuel activities. Finance Watch, which campaigns to improve how finance works for society, has written to EU President Ursula von der Leyen, urging the union to toughen [...]
