Hundreds dead in Turkey and Syria following powerful 7.8 magnitude earthquake February 6, 2023 The death toll in Turkey and Syria has reached 360 people after a powerful 7.8 magnitude earthquake toppled buildings and triggered a frantic search for survivors in the rubble in cities and towns across the region. On both sides of the border, residents jolted out of sleep by the pre-dawn quake rushed outside on a [...]
Liz Truss breaks silence to blame media and ‘leftward’ shift for £45bn mini budget failure February 5, 2023 Liz Truss has broken her silence for the first time since being booted out from Number 10 to hit back at critics of her tax cutting, pro-growth economic agenda. Writing in the Sunday Telegraph today, Truss, 47, said she was never given a “realistic chance” to implement sweeping tax cuts designed to unshackle businesses and [...]
Hanging out with tortoises in turquoise cottages on the Caribbean island of St Barts February 5, 2023 The descent into Gustaf III Airport on the Caribbean Island of Saint Barthélemy – otherwise known as St Barts – is not for the faint hearted. We depart nearby Saint Martin strapped into a 12-seater Twin Otter plane and soar over the sea towards a small landmass. We spot yachts and catamarans sailing aquamarine waters [...]
Something for the weekend: This week’s five most-read stories on Cityam.com February 3, 2023 A Reddit user called fatmummy, interest rates, vaccines, the ECB and an ignominiouss end to government-funded Tech Nation – here’s what City A.M. readers most wanted to click on this week. One: How a saucepan broke the internet. If lockdown had you baking and prepping then this story would have piqued your interest. Houseproud, or [...]
Interest rate rise and what it means for you February 3, 2023 The Bank of England has raised interest rates to four per cent, in a widely-expected move that has implications for both borrowers and savers. Adjusting personal finances to this ‘new normal’ of higher interest rates will be a challenge for most households, admitted Paul Wilson, chief Investment officer at Channel Capital. He said although a [...]
Brexit activist Gina Miller claims deputy PM Dominic Raab launched ‘abusive attack’ on her as bullying row rumbles on February 3, 2023 Deputy Prime Minister Dominic Raab is facing a fresh claim of bullying after an anti-Brexit campaigner alleged he launched an “abusive attack” on her. Gina Miller said Mr Raab, who was also appointed as Justice Secretary by Rishi Sunak, was “aggressive and intimidating” during an “aggressive encounter”. A source close to Mr Raab, who denies [...]
Train strikes today: How will lines servicing London be affected by Friday’s walk-outs – and is there any end in sight? February 3, 2023 Britain’s train services are being hit by strike action again on Friday, but the capital will remain largely unaffected – as long as you don’t have to commute in or out of London. Who is striking and why? Train driver members of Aslef and the Rail, Maritime and Transport (RMT) unions are walking out in [...]
Apple’s first reported revenue drop in four years adds to tech woes with Google also reporting a decline in sales February 3, 2023 Apple posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone . The company’s sales of $117bn (£96bn) between October and December period were down five per cent on the same quarter the previous year, a deeper downturn than analysts had projected. [...]
Three years on from Brexit, it’s time for the UK and the EU to find a way to get along February 3, 2023 Three years on from Brexit, and the UK and Europe are still arguing over the Northern Ireland Protocol and failing to build up any goodwill. This will damage both sides in a fragile economy instead of building up our financial links, writes Nicolas Mackel.
The Square Mile and Me: Lloyd’s of London’s Dawn Miller on her favourite City spots February 2, 2023 We dig into the memory bank of the City’s great and good. This week, Lloyd’s of London’s Commercial Director Dawn Miller tells us why she’s never too far from the market… WHAT WAS YOUR FIRST JOB? My first internship was for my state representative from Georgia when I was in University. He was a former [...]