Credit Suisse becomes first Swiss bank to be convicted in Switzerland’s own courts June 27, 2022 Credit Suisse has become the first of Switzerland’s domestic banks to be convicted of a corporate crime in any of the country’s own courts, after a judge today found the Zurich financier guilty of failing to prevent laundering of Bulgarian drug money. A court in the southern Swiss city of Bellinzona fined the bank 2m [...]
Where to eat to support Ukraine and learn about the country’s fabulous cuisine June 22, 2022 One of Ukraine’s most famous chefs is hosting a series of fundraising pop-ups, with a London restaurant on the way. Yurri Kovryzhenko, one of only two Ukrainian chefs mentioned in the Michelin guide, will be cooking next Monday 27 June at City Social at a fundraising dinner in collaboration with chefs like Jason Atherton and [...]
We need to eat more seafood – here’s how June 22, 2022 Between the cost of living crisis, the imminent environmental collapse and the obesity epidemic, the UK has got its work cut out when it comes to food. Part of the solution, according to a new white paper, is to get people to eat more seafood. The government will invest £24 million in “seafood science and [...]
‘All I want is a bus service’: Weary Tiverton and Honiton voters go the polls June 21, 2022 “It’s become a national referendum that’s been foisted on Tiverton,” says coffee shop patron Benjamin Barton. “All I want is a bus service, I would be really easily swayed if somebody said ‘we’ll put in a better bus service’.” And so goes the groan of discontent in the Devon town of Tiverton, which is daily [...]
A twin-city break in charming Andalucia is now easier than ever June 20, 2022 “There should be more therapy involving fish,” says Carmen, my guide at the Riofrío caviar farm in the sleepy village of the same name, halfway between Granada and Malaga. Carmen’s crouching down and gazing into one of a dozen ten-metre-long pools of water. Behind her the backdrop of the angular Loja Mountains is framed by [...]
McDonald’s to cough up more than €1bn to settle French tax dodging case June 16, 2022 Fast food titan McDonald’s is set to cough up more than €1bn to tie up a spat with French authorities over tax dodging. An agreement between McDonald’s fiscal authorities was given the greenlight in a tribunal in Paris on Thursday. The US giant will pay back €737m in unpaid taxes and a €508m fine, a [...]
Taco Bell ‘on fire’ as Mexican fast-food chain gears up for 100th UK site June 16, 2022 “We’re on fire” is how Taco Bell International’s president Julie Felss Masino described the Mexican fast food chain’s rollout to CityA.M. After launching 50 sites in the UK over the past decade, the US-based firm has expanded by another extra 50 sites in just the past 18 months. The chain, a subsidiary of Pizza Hut [...]
From banking to baking: How Austrian cuisine came to Islington June 15, 2022 Burn-out often leads to career change. So it was when Hubert Zanier tired of being an investment banker and instead dedicated his working life to schnitzels, strudels and other Austrian classics. He now runs Islington’s Austrian restaurant and patisserie Kipferl (German for croissant). “Kipferl started life as a small delicatessen near Smithfield. It quickly gained [...]
Revolve brings a buzzy brasserie to bustling Broadgate Circle June 15, 2022 Imagine Magaluf but populated entirely by people who work in finance – that’s Broadgate Circle on a balmy summer evening. It’s a mad, sweaty cauldron full of pink-faced men drinking lager and gently glistening in the heat. Take a step back from the epicentre and you’ll find a second, slightly elevated circle of bars and [...]
A struggle to get credit: Bank lending to hospitality nosedives following end of Covid loans CBILS and BBLS June 14, 2022 Outstanding bank lending to small businesses in the hospitality sector has fallen by more than £1.4bn since the end of CBILS and BBLS loans schemes. According to new data shared with City A.M., bank lending dropped to £14.6bn in April 2022, down from £16.08 billion in March 2021. With the cost of living crisis eating [...]