In memoriam: Ian Taylor 1946-2020 January 16, 2021 Ian Taylor, who died in June of last year, ran Vitol for two decades. He was well-liked in the City not just for his business acumen, but for his philanthropy – which, it was revealed last week, continued after his death. Bloomberg reported he left £1m to the Royal Opera House and significantly more than [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 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. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
We travel to Europe’s first psychedelic mushroom retreat January 11, 2021 Lockdown has scuppered even the best laid plans. Far from going on holiday somewhere exotic, or embarking on an adventure of self discovery, we’re stuck in a country where walking in the park with a flask of tea may get you arrested. So as we dream of better times and sunnier climes, we’re starting a [...]
Screenshot: Will Sunak save music festival season? January 8, 2021 A weekly column from City A.M. bringing you all the biggest stories and trends in technology, media and telecoms This week **Media Moment of the Week: Reporting from the ruins of democracy **A rallying cry to save music festivals **Youtube, Talk Radio and the quagmire of online regulation Media Moment of the Week I usually [...]
Hong Kong police arrest 53 pro-democracy activists in dawn raids January 6, 2021 Hong Kong police have today arrested 53 pro-democracy activists in a series of dawn raids in Beijing’s biggest crackdown on the city-state since introducing controversial new security legislation last year. Almost 1,000 police officers were involved in raids on 72 premises across the city, which saw some of the former British province’s most prominent activists [...]
Sports law in 2021: Data disputes, the evolution of esports, all eyes on Premier League TV rights, and rules tighten for clubs and agents December 31, 2020 While there may not have been as much action on the pitch in 2020, this year has been an eventful one for sports lawyers off the pitch to say the least. Coronavirus has acted as a magnifying glass, intensifying the financial and legal pressures that those in the sports ecosystem face. But how is 2021 [...]
Alibaba under investigation by China for monopoly tactics December 24, 2020 Alibaba is under investigation by Chinese regulators for alleged monopolistic practices, in the latest blow for Jack Ma’s fintech and e-commerce empire. The probe is part of an accelerating crackdown on anticompetitive behavior in China’s booming internet space, and the latest setback for Ma, the 56-year-old former school teacher who founded Alibaba and became China’s [...]
The End of the Affair: The EU and UK have very different foreign policy destinies December 21, 2020 As the year draws to an end, City A.M. is looking back at the columns that illuminated the world around us. In The End of the Affair (1951), Graham Greene — to my mind the most underrated novelist of the twentieth century — perfectly encapsulates the chaotic feelings lying behind romantic breakup and emotional calamity. [...]
Beyond Brexit, the EU is circling the drain December 14, 2020 The astronomer and prolific author Carl Sagan put it perfectly about the merits of analytical logic — what I often refer to as my superpower — when he said: “For me, it is far better to grasp the universe as it really is, rather than to persist in delusions, however satisfying and reassuring.” I am [...]
Risk vs reward December 9, 2020 BTC Euphoria attracts Risk MicroStrategy’s recent commitment to Bitcoin has turned the company and its CEO into a fully blown celebrity in the eyes of digital assets market participants. The fact that the company’s share price has performed so well since its venture into the Bitcoin market has only aided its cause. So much so [...]