Nine Elms: Luxury residential tower in Thames City struggles to find buyers November 11, 2021 A residential tower at the centre of the Thames City development in Nine Elms has reportedly struggled to find buyers for its luxury apartments. The skyscraper has sold less than one in 15 homes in its first year of marketing, The Telegraph first reported. The developers have since pointed out to City A.M. that only [...]
British brands to miss out on Chinese shopping occasion Singles Day November 11, 2021 British brands are set to lose out on the Chinese shopping occasion Singles Day today as consumers opt for local brands instead. More than a third of Chinese shoppers said they would buy fewer products from British brands this year compared to last year. Consultancy AlixPartners, who organised the survey of over 2,000 Chinese consumers, [...]
Investors must buckle up as inflation-triggered volatility is set to shake markets, warns City insider November 10, 2021 Investors must avoid complacency and buckle up as inflation-triggered volatility is set to shake markets until the end of 2021, an asset management veteran warns today. The warning from Nigel Green, chief executive and founder of deVere Group, a large asset management and fintech firm, comes as Chinese stocks plummeted to almost their lowest level in [...]
Crypto Summit & Awards November 10, 2021 The curious and confusing world of cryptocurrency currently sits at a complex crossroads. Regulation and taxation loom large in the rear-view mirror, while governments and banks seem hell-bent on setting up road blocks to slow down the race towards mass public adoption of digital assets. Cryptocurrencies feature high on news agendas – and seldom for [...]
MPs reject change to telecom security law that bars China’s Huawei from 5G network November 9, 2021 New legislative rules aimed at blocking the installation of Huawei technology in the UK’s 5G network have been rejected by MPs. The Telecommunications (Security) Bill should force providers to stop installing equipment by the Chinese phone-maker in the UK’s 5G networks and also sets out a road map to remove high-risk vendors altogether. The House [...]
PA Awards 2021 November 8, 2021 Behind every great business person is an exceptional PA, EA or VA. City A.M. is once again celebrating those Personal, Executive and Virtual Assistants in a unique ceremony at Bob Bob Ricard in the heart of the Square Mile on Tuesday 7th December. This year’s event promises to be bigger and better than ever, with more [...]
China exports surge despite port disruptions at regional lockdowns November 8, 2021 Asia markets have got the week off to a quiet start this week, with the latest China trade data for October giving a mixed insight into the world’s second biggest economy. The last couple of months have proved to be “fairly resilient” ones for China trade, despite disruption at Chinese ports, and the various lockdown restrictions [...]
Private equity and UK tech powering £8.4bn M&A tsunami on LSE’s AIM as deals jump 155 per cent November 8, 2021 The value of M&A deals on London’s Alternative Investment Market (AIM) has jumped 155 per cent to £8.4bn in 2020/21, compared to £3.3bn in 2019/20, according to new research shared with City A.M. this morning. The large rise in the value of AIM M&A deals this year is due in large part to a number [...]
Police seize $62m in assets from alleged Filecoin ponzi scheme November 7, 2021 Police in China have seized assets worth 400m yuan (£46m) and arrested dozens of people in connection with a suspected Filecoin mining scam. Chinese state media confirmed that Fengxian County Bureau had arrested 31 members of IPFS Union Star Alliance for their alleged role in a multi-level-marketing fraud. Police seized millions of pounds worth of [...]
China opposes U.S. block of China Telecom November 3, 2021 China “resolutely opposes” Washington’s revocation of China Telecom licence to operate in the United States, the information ministry said, urging a reversal of the move. “This is an unreasonable suppression of Chinese enterprises by abuse of state power and a serious breach of international economic and trade rules,” the Chinese regulator added. The decision made by [...]