Andrew Bailey cautions banks against issuing their own stablecoins July 14, 2025 The governor of the Bank of England has cautioned against banks issuing their own stablecoins in marked contrast to a more bullish attitude to the technology in the US. Andrew Bailey said the moves by banks to launch their own stablecoins, a kind of cryptocurrency backed by assets such as the dollar, did not offer [...]
Experience the Roman Empire in Bulgaria for history to rival Italy – just without the crowds July 13, 2025 What have the Romans ever done for us?” quipped my partner, Ed, as we stood on the main street of Nicopolis ad Istrum, formerly a Roman town in Bulgaria that is now a glorious assemblage of ruins. “All right, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, a fresh water [...]
The best part of Sri Lanka just got a stunning new hotel July 12, 2025 When the Australian cricket team finished a day’s play against Sri Lanka in Galle in February, they came for a well-earned break at the Radisson Collection hotel, fives miles down the seafront.They liked it so much that when they won the series a few days later, they returned to celebrate into the early hours of [...]
The best sandwich in the City, from Porterford to Dilieto July 12, 2025 There is no better testament to how seriously the Square Mile takes its lunch than the queues snaking out of sandwich shop doors. Workers happily wait, shuffle and press to get their fix of bread and spread, meal deals be damned. Here is a list of City AM’s favourite sandwiches in the City, from wraps [...]
UK economy contracts 0.1 per cent in blow to Rachel Reeves July 11, 2025 Rachel Reeves’ waning growth agenda has been dealt another blow after the UK economy contracted 0.1 per cent in May. The Chancellor has endured a bruising few weeks after government U-turns and spending splurges have cut into the fiscal headroom she outlined in the Autumn. Fresh figures from the Office for National Statistics have confirmed [...]
Which UK banks are next in line for a takeover? July 11, 2025 As the next wave of banking consolidation kicks off, specialist lenders are in the fray to be swallowed up. The industry has seen a flood of mergers and acquisitions in recent years, of which the latest was a landmark tie-up between Santander and TSB Bank. Santander snapped up 12-year old British high street lender TSB [...]
Where to watch Wimbledon in London this weekend July 10, 2025 Whether indulging in strawberries and cream, clinking Pimm’s, or oogling the royals in the stands, for many watching Wimbledon has become a quintessentially British tradition. This weekend, the oldest tennis tournament in the world comes to a close, with the finals set for Saturday 12 July and Sunday 13 July. If you don’t have tickets [...]
Britain can’t afford to pay the doctors’ Danegeld July 10, 2025 Continued strike action is unsustainable and unfair to taxpayers and patients, given the UK’s financial constraints, ballooning pension liabilities, and already generous public investment in their training and benefits, says Maxwell Marlow To borrow from the great Dane, Hamlet, something is very rotten in the state of England. As I set about thinking up policies [...]
Forget WeWork and Airbnb: inside the company nailing remote working July 10, 2025 From the Summer issue of City AM The Magazine: inside the remote working company appealing to a new generation of digital nomads Rows upon rows of cookie-cutter houses fill the boujee neighbourhood of Abbot Kinney in Los Angeles. In front of one, a basketball hoop stands by a double garage. It looks like all the [...]
Inside Los Angeles stan culture, where it isn’t embarrassing to admit you’re a celebrity nerd July 10, 2025 Fans behave very differently in Los Angeles than they do in London. Longtime celebrity nerd Adam Bloodworth visited to explore the city’s outward love for celebrity A sea of aggressive power lunches are taking place on the terrace next to a swimming pool. I’m in the Tower Bar on Sunset Boulevard, which runs along the [...]