UK minister travels to Taiwan in move that may inflame China tensions November 7, 2022 A UK minister will hold trade talks in Taiwan today in a move that may inflame fresh tensions with Beijing. Trade minister Greg Hands will meet with Taiwan President Tsai Ing-wen during the two-day trip to Taipei as the UK tries to close a post-Brexit deal with the island nation. The UK does not recognise Taiwan’s [...]
Exclusive: Brexit bites into London’s FX trading as Singapore and New York seize City’s derivatives share November 5, 2022 London’s status as the global hub for FX and derivatives trading is under threat for the first time since Brexit. According to new findings shared exclusively with City A.M. today, a study by the Bank of International Settlements (BIS) found that while the UK remains the leading hub for currencies and interest rate derivatives trading, [...]
Exclusive: ‘We have to believe the FCA does things in our best interest’ says fintech chief November 5, 2022 Telecom giant EE said this morning it is planning to burst onto the fast-growing cyber security scene. The operator unveiled new products such as alarm systems and an online cyber security package. The telco’s move underpins the fast-growing character of the cyber security space. Particularly the need for ID verification online seems to be stronger than [...]
British companies are failing to keep up with criminals, in-house lawyers warn November 3, 2022 In-house lawyers working in major British companies are becoming increasingly concerned that the firms they work for are failing to keep up with the methods being used by criminals to carry out financial crime. More than two-thirds of in-house lawyers surveyed by law firm Ashurst said they have concerns about their companies’ abilities to keep [...]
Let’s be honest, we need to stop the boats if we want positive immigration in Britain November 3, 2022 If the public perceives the UK has lost control of its borders, they are likely to trigger demands for more closed border policies.
Letters: A new word for British culture November 3, 2022 [Re: From ballet and opera to festivals and clubs, our definition of culture has changed, 28 Oct] How refreshing to see recognition of our dynamic cultural and creative industries in a daily business newspaper. These industries contribute significantly to the economy, as the article rightly points out. Perhaps more importantly in the current difficult economic [...]
UK looks at workers’ rights concessions in Qatar and Saudi trade talks November 2, 2022 The UK may demand a commitment to improvements in workers’ rights from Saudi Arabia and Qatar as a part of trade negotiations, according to the UK’s Middle East trade boss. Simon Penney yesterday told City A.M. that “the ambition is there in Gulf countries” to improve workers’ rights amid claims that thousands of people have died [...]
From funding to effectiveness: we need to change how we look at innovation November 2, 2022 One consistent low hanging fruit for politicians when it comes to economic growth is innovation policy, which consists of spending public money to fund new research and development of new technologies. While the public and different political parties might see its purpose as slightly different, it is broadly perceived to be unproblematically valuable for both [...]
Sunak must bet big on our semiconductor industry – or we’ll lose out to competition November 2, 2022 Rishi Sunak’s in-tray is overflowing with crises: from the cost of living to supporting Ukraine, from settling the UK’s long-running dispute with the EU about Northern Ireland to the fate of his controversial home secretary. But the prime minister also needs to address long-running issues which his predecessors have neglected. Among these is how to [...]
UK factories in ‘survival mode’ as output tumbles to 29-month low November 1, 2022 UK factories are in “survival mode” amid a demand slump, rising interest rates and swelling costs, a closely watched survey out today shows. The S&P Global and Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for October tumbled to 46.2, the weakest reading in 29 months when the country was grappling [...]