London City Airport resumes international flights after three-month suspension July 10, 2020 International flights have resumed from London City Airport after a three month suspension due to the UK’s coronavirus lockdown. It comes as the government’s relaxation of quarantine rules takes effect, which will allow people to travel across Europe without quarantining on arrival. It has been met with massive demand from travellers, with bookings for flights [...]
EU to maintain access to City of London clearing houses after Brexit July 9, 2020 Brussels has moved to ensure EU member states retain access to the City’s clearing houses after the end of the post-Brexit transition period on 31 December. The EU will allow its members to have access to the UK’s clearing houses, some of the largest in the world, on a “time limited” basis, according to European [...]
Performing arts allowed to restart in England from Saturday July 9, 2020 England’s performing arts sector will be allowed to reopen from Saturday as the government announced a further easing of coronavirus social distancing restrictions. Artists, musicians, actors and dancers will be able to go back to work from this weekend by putting on shows with socially distanced outdoor crowds, according to culture secretary Oliver Dowden. Dowden [...]
Wirecard executive ‘touted Russian nerve gas documents’ July 9, 2020 Wirecard executive Jan Marsalek reportedly touted documents about the use of a Russian chemical weapon in the UK and bragged about ties to the intelligence services. Documents, which have been reviewed by the Financial Times and used in meetings in the summer of 2018, include the formula for the world’s deadliest nerve agent, novichok. The [...]
FTSE 100 falls as coronavirus cases overshadow Sunak stimulus July 9, 2020 The FTSE 100 lost one and a half per cent today as fears over a continued rise in coronavirus cases offset chancellor Rishi Sunak’s £30bn of extra financial firepower. The UK index initially barely moved after yesterday’s 0.55 per cent drop, which left it at 6,156 points. By 4pm today the FTSE 100 had fallen [...]
Man arrested over £495,000 ‘furlough fraud’ July 9, 2020 A man has been arrested on suspicion of defrauding the government’s job retention scheme out of £495,000. The arrest, which is thought to be the first relating to the government’s furlough scheme, happened in Solihull in the West Midlands. Computers were seized and funds were frozen in the man’s business bank account, according to HMRC. [...]
Financial services sector banks on a digital future July 9, 2020 “We know you enjoy a little trip into town, but you can do your banking online these days…”: a typical multi-generational conversation as a growing number of people turn to online tools to help with their finances. Inevitably it’s not been a smooth journey. Many find comfort in the familiarity of a bricks-and-mortar bank branch [...]
Crypto exchange Coinbase aims for Wall Street listing July 9, 2020 Coinbase, one of the world’s largest cryptocurrency exchanges, is said to be preparing to publicly list its shares in New York. The listing could come as early as this year, sources told Reuters. Should its application be approved by US regulators, Coinbase would be the first major US cryptocurrency exchange to go public. It would [...]
Brexit: ‘Significant’ differences remain between UK and EU, says Brussels July 9, 2020 The latest round of UK-EU Brexit trade deal negotiations have ended with both parties still harbouring “significant” differences. An EU Commission spokesperson told a press conference in Brussels today that the latest round of talks had finished and that the EU was “working hard to overcome the significant divergences” that remain between the two sides. [...]
Profit at Robert Walters drops 33 per cent in second quarter July 9, 2020 Global recruitment firm Robert Walters suffered a 33 per cent drop in gross profit in the second quarter of the year as coronavirus lockdowns ravaged the jobs market. The London-listed group’s gross profit tumbled 33 per cent year-on-year to £71.1m as coronavirus took hold around the world. The UK was the hardest hit market, with [...]
