Best and the brightest welcome? Home Office tells Canary Wharf couple to move to China January 17, 2022 The Home Office has told a British Canary Wharf computer expert that he should move to China and live with his PhD-studying girlfriend’s family in Shanghai, after rejecting her visa application. Robert Evans, 30, from Aberdeen met his girlfriend, Lisa Li, 31, from Shanghai, whilst studying for a master’s degree in computer science in the [...]
UK joining CPTPP won’t hurt environment or workers’ rights, says think tank report January 17, 2022 The UK’s ascension to the 11-country Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc will not lead to worse environmental standards or a diminishment of workers’ rights, according to a new think tank report. The Thatcherite Centre for Policy Studies think tank found new trade activity coming from joining the bloc would only [...]
City chiefs draw up plans to create new market in post-Brexit tech drive January 16, 2022 City chiefs are drawing up plans to shake up the capital’s listing structure to attract fast-growing tech companies, according to reports. The London Stock Exchange (LSE) has tabled proposals to erode the normal lines between public and private companies. Private firms would be given access to a special market to allow them trade shares on [...]
UK farmers face bankruptcies and closures as £1.8bn in EU cash stops with MPs warning ‘blind Brexit optimism’ may lead to higher food prices January 16, 2022 Direct agriculture funds of around £1.8bn per year will be cut by half in 2025 and completely dry up by 2027, under new government plans. As the EU’s Common Agricultural Policy (CAP) no longer applies to British farmers following the UK’s departure from the EU, MPs warn in a new report for ‘blind Brexit optimism’ [...]
Bitcoin quietly going about its business as the world returns to normal chaos January 14, 2022 Bitcoin continues to quietly make headway in adoption around the world amid a whirlwind of curious global news, writes Jason Deane.
Google feels lucky in London: Tech giant bets big on London office space in major boost for capital’s global status January 14, 2022 Google is set to pump almost three quarters of a billion into London in a major vote of confidence in the capital’s post-Brexit future. The tech giant has snapped up the entirety of the Central Saint Giles development in which it currently leases office space, marking a major step change in the firm’s commitment to [...]
Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.
Green is the colour as markets recover overnight, with Bitcoin closing in on $44k January 13, 2022 The Bitcoin price continues to recover this morning, with the largest cryptocurrency by market cap rising to more than $44k overnight.
The art of the Boris apology: I’m sorry for everything but also for nothing January 13, 2022 If you have ever played monopoly, you’ll know there is a certain flex in the rules – unless they’re being used against you. Sure, it’s fine if your incarcerated opponent doesn’t collect rent when you land on their property because they’re under the mistaken belief you can’t earn money in jail. But when the tables [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 13, 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. Aon Professional services firm Aon has hired an ex-HSBC director as its new enterprise client leader for financial institutions team. Pete Rutherford, who has held positions at Abrdn, the Royal Bank of Scotland and Clydesdale Bank, brings [...]