After EU passes crypto rules, lawyers ask whether the UK will follow suit July 4, 2022 The EU’s landmark Markets in Crypto-Assets (MiCA) regulation, decided last week, will be the world’s first regulatory framework for crypto and could serve as a “benchmark” for the UK’s own legislation, according to legal experts. The MiCA regulation, which will come into force at the end of 2023, will apply to crypto-asset issuers and service [...]
UK motorways brought to standstill as angry drivers protest against rocketing fuel prices July 4, 2022 UK motorways have been brought to a standstill after dozens of angry drivers took to the streets and protested against rocketing petrol and diesel prices. Campaigners today targeted major arteries such as the M4 in South Wales and Somerset, as well as the M5 from Devon to Bristol and the A38. Demonstrations, in the shape of [...]
Hospitality crisis: Fewer pubs in England and Wales than ever before with less than 40,000 for first time on record July 4, 2022 Fresh analysis that sheds light on the ruinous impact of the pandemic and soaring business costs shows this a.m. that there are fewer pubs in England and Wales than ever before. The total number of pubs dropped below 40,000 during the first half of 2022, a fall of more than 7,000 since a decade ago. [...]
If money was no object: The City is by far Londoners’ most desirable borough July 2, 2022 One in five Londoners would want to live in the City, with the figure rising to 28% among those aged 18-34, according to new research shared exclusively with City A.M. today. The Square Mile is closely followed by Kensington and Chelsea, with 18 per cent of Londoners choosing the leafy and exclusive borough as their [...]
Business rates have made American candy stores a blight on our streets July 1, 2022 The emergence of large numbers of American-styled candy stores across the West End over the last year has become a cause for concern amongst high street retailers, leisure businesses and hospitality owners alike. Having weathered the storms of the pandemic, which saw footfall and revenues plummet during lockdowns, the West End was beginning to show [...]
Thames Water taps shareholders for £1.5bn boost to shake-up plans after sewage scandal June 30, 2022 Thames Water shareholders could have to cough up as much as £1.5bn to accelerate the shake-up of the scandal-hit business.
IEA calls for global nuclear boost to reach net zero goals and supply security June 30, 2022 The IEA has warned nuclear capacity needs to double over the next three decades to reach net-zero targets and to secure energy independence.
Square Mile’s post-pandemic leisure revival to be spearheaded by top West End marketing guru June 30, 2022 The West End’s top marketing guru has been brought on board by the Square Mile to lead its post-pandemic leisure revival. Luciana Magliocco will spearhead Destination City, in a bid to “redefine” the oldest part of the capital after multiple lockdowns hit retailers, pubs and bars hard. Three big events are already planned for Autumn, [...]
Pride in London: How to avoid crowds or party with the masses June 29, 2022 Making a noise about Gender Recognition Act reforms or just, well, making a noise, here’s where to spend Pride in London this weekend After a few dreary weather days it’s looking up for Pride in London on Saturday, where over 1.5 million queer people and allies will fill the streets of the West End with [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]