US-UK tech deal falls short: trillion-dollar talk, but little digital alignment May 13, 2025 The new US-UK tech pact may offer political optics of partnership, but falls far short of real digital alignment, exposing widening policy divergence and limited strategic substance, says Paul Armstrong The recently announced US-UK trade agreement was billed as a major reset in transatlantic cooperation, with Prime Minister Keir Starmer positioning the UK as America’s [...]
Building on the green belt won’t solve London’s housing crisis May 13, 2025 The Mayor’s plan to release green belt land for development is a good start, but if we really want to fix London’s housing crisis we need to build more and higher in the centre, says Joe Hill London’s success isn’t inevitable. It’s based on people wanting to live and work here, and there being enough [...]
Pension funds sign Mansion House Accord in £50bn boost to UK May 13, 2025 The UK economy could be about to receive a £50bn cash injection after Britain’s biggest pension funds pledged to redirect resources into private markets in a major policy shift. The voluntary, non-binding agreement by the funds, dubbed the Mansion House Accord, will see increased investment into major infrastructure projects as well as greater venture capital [...]
Rugby’s Nations Championship set for New York finals May 12, 2025 World Rugby is looking at taking the 2030 Nations Championship finals to the US ahead of the 2031 World Cup across the pond. The governing body’s chairman Brett Robinson has revealed that New York is being lined up as host one year prior to the Americas’ first ever Rugby World Cup. It comes amid concerns [...]
Tesla and Apple shares surge as US markets rally on trade deal May 12, 2025 Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]
Cable fault causes London Underground disruption and fire May 12, 2025 A cable fault has caused travel disruption and a fire in London. The Elizabeth, Bakerloo, Jubilee and Northern lines were all disrupted on Monday afternoon after a fault on the National Grid’s transmission network. The malfunction also caused a blaze at an electrical substation in the Cunningham Place and Aberdeen Place area in Maida Vale, [...]
Interest rates may stay higher for longer says Bank of England May 12, 2025 Several members on the Bank of England’s Monetary Policy Committee have warned that sticky inflation could stall further interest rate cuts this year in marked contrast to current analyst expectations. Bank policymakers voted to lower interest rates to 4.25 per cent last week. Two MPC members voted for a 50 basis point cut, and another couple [...]
Exclusive: Gaucho owner to shut City icon M Restaurant next week May 12, 2025 Iconic Square Mile dining spot M Restaurant is to shut for good next week after 10 years serving steak to the City. The move comes after founder Martin Williams left M’s parent company Rare Restaurants in October. City AM understands new chief executive Baton Berisha, who assumed the role in March following spells at The [...]
Pension funds that don’t back UK assets should be named and shamed, Phoenix boss says May 12, 2025 Pension funds that don’t invest in UK assets should be named and shamed, the architect of the Mansion House Compact has said, as he called for “bold” action to address problems in London’s capital markets. Sir Nicholas Lyons, chairman of Phoenix Group, said transparency was the best way to catalyse more investment into the UK [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment May 12, 2025 The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]