Submit a story
Tell us your story.
Britain has voiced its disapproval of Joe Biden’s extensive US package for green subsidies, warning they are protectionist and could harm UK energy firms. Kemi Badenoch, the UK’s international trade secretary has reached out to her US counterpart, criticising the Biden administration’s £327bn ($395bn) green economy package. In a letter seen by the Financial Times, [...]
Disgraced FTX co-founder Sam Bankman-Fried avoided prison on Thursday after posting a $250m recognised bond before awaiting trial for charges of fraud and money laundering. The US attorney’s office for the Southern District of New York has charged Bankman-Fried with eight criminal counts, including fraud and money-laundering offences. The previously heralded crypto hero reportedly used [...]
This year was turbulent, even by crypto standards. If the past twelve months have taught us anything it’s that crypto is still far from a mature asset class and time may be running out for the industry to prove itself as a functional and beneficial cog in our financial system. There are a number of [...]
Go big or go home, there is no time to be risk-averse as venture capital investments are set to play a major role in European deal values throughout 2023. The venture capital (VC) game was primarily played in the US however, since 2013 the European asset class has grown from €60bn (£52.6bn) assets under management [...]
Sam Bankman-Fried will be extradited to the US to face criminal charges for the demise of cryptocurrency exchange FTX after a judge in the Bahamas approved his transfer. In a hearing on Wednesday morning, Bankman-Fried’s legal team told the court that the former crypto executive agreed to extradition to the US, waiving his right to [...]
The allure of the countryside during the pandemic has subsided as searches for homes in London have spiked to their highest levels since going into lockdown. Cornwall and Devon held the most searched-for locations for several months in 2021, now Brits are looking to head back to the capital, research from online property agent Rightmove [...]
Monthly property transactions have increased across the UK and returned to pre-pandemic levels despite the ongoing cost of living crisis. Today, HM Revenue and Customs (HMRC) published statistics indicating that monthly property transactions in the UK above £40,000 have increased consecutively over the past nine months. Frances McDonald, research analyst at Savills said: “In light [...]
Growing public sector expenditure in November prompted a £22.0 billion borrowing frenzy.
Shopping habits die hard as Brits continue to spend across the board in the run-up to Christmas and the holiday season despite historic levels of inflation raising prices. Spending on essentials is up by an average of 43.5 per cent compared to the same time last year, with non-essential expenditure also rising by an average [...]
Elon Musk has called the idea that his poll on whether to remain Twitter’s chief executive was intended to catch bots “interesting”. Musk was replying to internet entrepreneur and political activist Kim Dotcom on Twitter who said: “I’m hoping that Elon did this poll as a honeypot to catch all the deep state bots.” Since [...]
Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.
Subscribe to get the essential daily news updates from City A.M's top stories to your inbox.