While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments February 21, 2022 The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports. Somerset Capital, in which Rees-Mogg holds a 12 per cent stake, reportedly invested £5.7m on behalf of clients in a company that potentially faces [...]
A second term for President Macron would be welcome news for the Euro area February 18, 2022 While President Macron has yet to officially say he will run for a second term, the announcement is expected any day now. The majority of opinion polls put him way out in front. He is followed by three candidates with not much separating them, including Valérie Pécresse, the candidate of the conservative Les Républicains party, [...]
EU set to launch internet satellite system moving away from Chinese dependency February 15, 2022 The EU is gearing up to launch its own satellite internet system to keep up with the likes of Amazon and Elon Musk owned SpaceX, removing European reliance on Chinese-built infrastructure.
Valentine’s Day: The stocks and companies that have stolen City fund managers’ hearts February 14, 2022 As it is Valentine’s Day, City A.M. checked in with several City-based fund managers to reflect on the investments that have stolen their hearts in recent times. For Ken Wotton, co-manager of the LF Gresham House UK Multi Cap Income Fund, Smart Metering Systems (SMS) stands out. The company installs and operates smart meters and [...]
Hong Kong Racing Tips: Moreira and Purton to ensure Year of the Tiger starts with a roar February 2, 2022 JOCKEYS Joao Moreira and Zac Purton will take centre-stage when Hong Kong’s most popular day in the racing calendar, the Chinese New Year Raceday, gets under way at Sha Tin on Thursday from 4.30am. With around £2.4 million added to the exotic raceday betting pools, the local population, from large-stake bettors to market-stall holders, will [...]
Matt Hancock: Britain will be left in the dust with our tepid attitude to cryptocurrencies January 27, 2022 We were already living in an age of change like no other. Now the pandemic has accelerated that change and Britain must embrace the opportunities it brings, or we will lose out. Most obvious is the Zoom revolution. There have been more rapid changes to the way we work in the past two years than [...]
Ericsson exceeds market expectations with 5G boom offsetting Chinese losses January 25, 2022 Ericsson exceeds expectations as the Swedish firm benefits from the roll out of 5G networks, offsetting loss of Chinese market share.
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]
Remembering the birth of the the metaverse January 18, 2022 Dr Chris Kacher looks back on the foundation days of the metaverse - a time when he was known as Damien the Dreaded and Redrum.