US blacklists seven Chinese supercomputing groups linked to military April 9, 2021 The US has blacklisted seven Chinese groups which it accuses of building supercomputers to help its military. The move will bar American firms from exporting technology to the groups without approval, making it harder for China to obtain US technology. The US commerce department said the groups were building supercomputers used by Chinese “military actors” [...]
Digital pound would boost post-Brexit City, says think tank April 9, 2021 A digital pound should be at the heart of efforts to strengthen the City’s global attraction as a post-Brexit financial centre, think tank CityUnited Project said on Friday. The finance ministry will set out proposals for making Britain’s capital market more attractive after Amsterdam toppled London to become Europe’s top share trading centre following Brexit. [...]
Exclusive: The City will emerge strong from Brexit, says impact investment whizz April 8, 2021 One of the hottest trends within the City’s investment community lately has been impact investing; capital flowing into companies, entities and funds with the intention to generate a measurable, beneficial social or environmental impact. To many institutional investors and pension funds, impact investments are increasingly becoming the standard so this type of investments is more [...]
Northern Ireland: Ministers condemn ‘deplorable’ violence in Belfast April 8, 2021 Northern Ireland’s devolved government has condemned the “deplorable” acts of violence and rioting from militant unionists over the past six nights in Belfast and beyond. Ministers said in a statement that they are “gravely concerned by the scenes we have all witnessed on our streets, including those at the Lanark Way interface [in Belfast] last [...]
In-person conferences to return to the capital with fintech event April 8, 2021 In-person conferences are set to return in July with Fintech Week London, as lockdown restrictions ease after a socially starved year. “Virtual conferences have served us well during the pandemic, but there’s nothing like being around fellow professionals and immersing yourself in face-to-face conversations,” CEO of Fintech Week London, Raf De Kimpe, said. “The Covid-19 [...]
Shaping and taking opportunities post-Brexit April 8, 2021 CEO Cees Vermaas explores the recent strong financial results of The International Stock Exchange Group – despite COVID-19 – and what he has planned to unlock further growth in the coming years. The last year has been dominated by the COVID-19 pandemic but during this time, we have also seen the end of the transition [...]
Brexit: EU online deliveries to UK have halved April 8, 2021 Online deliveries to the UK from Europe have plunged 50.7 per cent in the first quarter of 2021, according to e-commerce shipping platform Sendcloud. New shipping requirements and extra VAT costs have drastically cut EU to UK shipments compared to the final quarter of last year. The new data has stressed the delivery issues online [...]
Boris Johnson and Sadiq Khan – the best of enemies April 7, 2021 Boris Johnson and Sadiq Khan are never happier than when they are publicly flogging each other. The mayor of London and his Tory predecessor have gotten into countless scraps over the past year, this week’s row over Transport for London’s (TfL) funding situation is just the latest. Johnson’s claims that he left TfL’s finances in [...]
JP Morgan CEO Jamie Dimon: London must reinvent itself as EU rivals fight to take its crown April 7, 2021 JP Morgan CEO Jamie Dimon: London must reinvent itself as EU rivals fight to take its crown
City Moves: Who’s switching jobs in the Square Mile this week? April 7, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Tharsus adds former CEO of Dyson to its board Robotics company Tharsus has appointed former Dyson CEO to its board as a non-executive director this week. Martin McCourt, whose career spans four decades, [...]