Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
UK can be home of crypto and fintech, says Matt Hancock January 26, 2022 The UK can be the home of cryptocurrency, according to Matt Hancock, as watchdogs scramble to regulate the emerging digital asset. Speaking in the Commons earlier today, the minister hailed the UK’s blossoming fintech industry, urging that it can be a sector in which the UK is a world leader. “These innovations have the potential [...]
Crypto markets continue to recover, although low volumes cast shadow January 26, 2022 The crypto markets continue to show signs of recovery this week, with Bitcoin currently changing hands at just below $38k.
Calling time on Boris’ leadership could bear fruit for the Tories – if they grasp it January 26, 2022 How despondent are the Tories? One MP was beyond glum the other day. Quizzed who they’d like as leader, they replied: “We could have Arthur the bloody Great and it wouldn’t make any difference.” Labour has been cock-a-hoop as opinion polls have consistently given the party double-digit leads. But things can change. Just ask Sir [...]
City barbers snip opening hours in absence of office workers January 25, 2022 Barbers in the City of London say their businesses will never be the same after the uptake of working from home. Businesses have suffered with the absence of City workers getting lunch break trims and after-work blow drys, all while having to pay London rent. Even with Omicron measures to ease this week, barbers said [...]
Bitcoin rebounds after another day of market turbulance January 25, 2022 After a brutal few days, Bitcoin fell to a fresh low of $33k yesterday morning before seeing a sharp rebound to more than $37k.
Data experts team up with Google, Microsoft and Mastercard for new UK post-Brexit govt council January 25, 2022 In order to boost cross-border data flow and trade post-Brexit, the government has set up a new council that comprises of a group of data experts from industry giants and academia. The International Data Transfer Expert Council will include representatives from the likes of Google, Mastercard and Microsoft when it meets for the first time [...]
National insurance hike completely unnecessary says Brexit veteran Lord Frost as Tory calls to drop £12bn tax increase swell January 25, 2022 Lord Frost has urged Boris Johnson and Rishi Sunak not to raise taxes in April as cost-of-living is set to increase for most Brits. The Prime Minister’s former Brexit chief joined the growing number of senior Conservatives to call for the planned national insurance hike to be scrapped. The former Brexit Minister – who resigned [...]
City Moves: Who’s switching jobs in the Square Mile today? January 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Baton Systems Fintech firmBaton Systems has hired a Barclays Investment Bank veteran as its first-ever chief operating officer (COO), who will help scale the business. David Ornstein, who departed the London-based bank after 13 years, has also held roles [...]
Government calls in Google and Microsoft to help advise on ‘free flow of data’ innovation January 25, 2022 A group of experts combining the world’s leading academics and digital industry figures, including Google, Mastercard and Microsoft, will meet for the first time today to help Britain seize the opportunities of better global data sharing.