Asian stocks fall as coronavirus fears return April 1, 2020 Asia’s biggest stock markets fell overnight as fears rose about the death toll from coronavirus in the US, Japan entered a new fiscal year on an unsteady footing, and banks axed dividends. Following the worst quarter for global equities since 2008, Japan’s Nikkei 225 index tumbled 5.1 per cent, Hong Kong’s Hang Seng index dropped [...]
13-year-old boy from London dies as UK coronavirus death toll jumps April 1, 2020 A 13-year old boy from Brixton who was treated for coronavirus has died, London’s King’s College Hospital has confirmed, as UK coronavirus cases continue to rise. Ismail Mohamed Abdulwahab, from Brixton in south London, is believed to be the youngest person to die from the coronavirus in the UK. A spokesperson for the hospital said [...]
Ethical investment funds — not making the grade? April 1, 2020 Survey after survey has shown that people want their money invested ethically. But what does that mean? And, crucially, do so-called “ethical” funds provide what savers are looking for, or is there a mismatch here? Ethically-labelled investment funds have a list of exclusions — various types of company that they will not invest in because [...]
We cannot let this lockdown eliminate our civil liberties April 1, 2020 As we enter the second week of lockdown, there is already the possibility that social distancing measures could last until June, perhaps longer. Dr Jenny Harries, the deputy chief medical officer for England gave the stark warning to the nation on Sunday that: “we must not then suddenly revert to our normal way of living”. [...]
Once we reach a social distancing tipping point, more restrictions won’t help at all April 1, 2020 How long should the lockdown last? Should it be tightened or relaxed? An abstract concept from both epidemiology and network theory can give a powerful insight into these highly practical problems. This is the concept known as the “threshold”, sometimes called the critical point or the tipping point. The basic idea is a very familiar [...]
City Moves for 1 April – Who’s switching jobs at Rainmaking, Raymond James and Coupa? April 1, 2020 Today’s City Moves includes Rainmaking, Raymond James and Coupa Rainmaking Corporate innovation and venture development firm Rainmaking has announced that Simon Torrance will be joining its UK and European leadership team as a senior adviser. Simon is a world-leading expert on business model transformation and platform strategy. He has 25 years’ experience working across multiple [...]
Brands that put staff and customers first see popularity soar April 1, 2020 As Britain settles into its second week of lockdown, daily life has become almost unrecognisable. The retail industry has been hit hard as a direct result of enforced closures and decimated consumer demand, leading many businesses to issue profit warnings, withhold rent and lay off staff. However, there are brands who have reacted well to [...]
Bank junction to be used as drone taxi landing zone April 1, 2020 The City of London Corporation is preparing to designate the newly pedestrianised Bank junction as a drone taxi landing zone, City A.M. can reveal. Taxi drones could be zipping through the skies of the capital as soon as the summer after ministers backed a plan to prioritise new regulations allowing passenger transit on autonomous flying [...]
Don’t worry, we’ll be back before you know it April 1, 2020 Since we made the decision to pause our print operation, the City A.M. team has worked incredibly hard to produce a digital edition. From the comfort of their own homes, designers, production managers, editors and reporters have risen to the challenge and put together an online newspaper which has been read by thousands of you [...]
As governments respond, beware Covid-19 power grabs April 1, 2020 In the midst of the financial crisis of 2008, Rahm Emanuel, soon-to-be chief of staff for US President-Elect Barack Obama, famously announced that “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.” Emanuel was [...]
