Apple eyes MLS sell-off as even Messi can’t save £2bn deal January 29, 2025 Apple TV is considering selling off some of its international rights to Major League Soccer (MLS) just two years into a 10-year deal. The streaming company is paying $250m (£200m) a year for global MLS rights in a bet that interest in the American domestic league would grow significantly on the back of Lionel Messi’s [...]
Cornwall hopes for tin mining revival as metals firm lands £56m injection January 29, 2025 After the belts whirred to a halt and workers left Cornwall’s last operating tin mine for a final time in March 1998, a question was painted on its outer wall: “Cornish lads are fishermen and Cornish lads are miners too. But when the fish and tin are gone, what are the Cornish boys to do?” [...]
Digital IDs and biometric data: Welcome to Labour’s tech dystopia January 29, 2025 The approval of digital IDs heralds is heralding in a tech dystopia, and Labour is welcoming it, writes Silkie Carlo.
Venture capital prospects are a bright spot for the UK economy January 29, 2025 Despite fears about the Budget and Donald Trump, venture capital rebounded strongly in 2024 and the view is looking optimistic for the years ahead, says Nicole Lowe It is fair to say that 2024 was a rollercoaster year when it came to venture capital (VC) investment. Major elections and political shifts on both sides of [...]
Goodbye, Hilal: Saudi Pro League ends Neymar deal which cost £37m per game January 28, 2025 It will go down as one of the most expensive failed experiments in world football, with Neymar’s move to Al-Hilal reported to have cost the Saudi Pro League side more than £250m. But after 17 months, a meagre seven games and only one goal, the Brazil international, 32, looks bound for a return to his [...]
DeepSeek’s fine, just don’t ask it about Taiwan January 28, 2025 The chaos that DeepSeek has triggered in US markets and among major tech players like Nvidia is because of what it represents. It is a supposedly cheaper, quicker model that apparently doesn’t rely on the tens of billions of dollars other models have required. But what’s it like to use? City AM experimented with a [...]
Stella McCartney buys back LVMH stake in her eponymous fashion brand January 28, 2025 Stella McCartney has bought back LVMH’s 49 per cent stake in her fashion brand, which the luxury giant has held for five years. McCartney will continue to advise LVMH chief Bernard Arnault and the group’s executive team on sustainability issues as global ambassador on sustainability. “This new chapter for Stella McCartney reflects her desire to [...]
CT Group appoints Baroness Helena Morrissey as non-executive January 28, 2025 Sir Lynton Crosby's consulting firm CT Group has appointed Baroness Helena Morrissey as a non-executive director, City AM can exclusively reveal
A ski holiday in Val d’Isere is the hippest way to do the French Alps January 28, 2025 Val d’Isere has always felt hip, but a new design hotel is upping the stakes, finds Adam Bloodworth Think of a ski holiday in the Alps and a certain image springs to mind. That of impossible wealth, of royals and oligarchs resplendent in furs, of Hooray Henrys from the King’s Road necking jeroboams of rosé, [...]
HSBC set to wind down UK, European and US investment banking arms January 28, 2025 HSBC is set to wind down parts of its investment banking operations across the UK, Europe and North America as part of a sweeping global restructuring plan under new chief executive Georges Elhedery. The move comes after Europe’s biggest lender revealed plans to make $3bn (£2.4bn) of cost savings last year and reorganise into four [...]