Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
Automotive sector in favour of relocating car manufacturing to UK March 23, 2022 The Society of Motor Manufacturers and Traders (SMMT) said today a relocation of car manufacturing back to the UK would be “good news” for the sector. “If supply chain resilience provides the opportunity to reshore more of the supply chain in the UK, we would certainly support and encourage that,” SMMT’s chief executive Mike Hawes [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
Brexit costs: Brits face €18 fee on UK-EU bank transfers and €5 per ATM withdrawal in Europe March 23, 2022 The French bank Crédit Agricole has introduced a €5 charge for withdrawals made with UK-issued credit and debit cards. In addition, the bank recently started to imposed a new €18 flat fee on any bank transfers coming from Britain. More European banks are expected to introduce similar fees, according to various European media, including magazine [...]
Bitcoin price stable around $42k but demand still flat March 23, 2022 After breaking through the $43,000 on Tuesday, the price of Bitcoin is stabilising around the $42,000 mark this morning.
Trevelyan claims Joe Biden now open to post-Brexit UK-US trade deal March 22, 2022 Joe Biden has changed his position and is now open to restart UK-US negotiations for a post-Brexit trade deal, according to UK international trade secretary Anne-Marie Trevelyan. The international trade secretary also said the US is preparing to drop its Trump-era tariffs on British steel exports, with an announcement to come as soon as this [...]
Bitcoin and Ethereum lead the way as crypto markets turn green again March 22, 2022 The Bitcoin price is back above the $42k mark this morning, up three per cent over the past 24 hours and 10 per cent over the past week.
London’s councils call for share of £2.6bn levelling up fund March 22, 2022 London’s councils are calling for a slice of the £2.6bn fund earmarked for the government’s levelling up agenda to also be given to the capital in Rishi Sunak’s spring economic statement tomorrow. London Councils, an association representing all 32 of the capital’s councils, has urged Sunak to ensure that London receives from the UK Shared [...]
‘Only in Brexit la la land Boris Johnson is seen as Putin’s leading opposition’ says Finnish prime minister March 22, 2022 Alexander Stubb, a former prime minister of Finland, has ridiculed the idea that Boris Johnson is one of Vladimir Putin’s fiercest opponents. The former Scandinavian leader was rubbishing claims by the prime minister that he is leading the opposition figure to the Russian president, dismissing the idea as “utter rubbish” and an “illusion.” Stubb, whose [...]
Going Nuclear: Can Boris Johnson really ramp up nuclear power? March 22, 2022 Nuclear power requires a clear strategy - with an established pipeline of funding - to contribute to the UK's energy strategy.