Huawei: Will the government ban the Chinese vendor tomorrow? July 13, 2020 Prime Minister Boris Johnson is due to decide whether to ban Huawei from the UK’s 5G infrastructure tomorrow, following intense pressure from MPs and US President Donald Trump to U-turn on a deal with the Chinese vendor over national security fears. In January, Johnson struck a deal with Huawei to build technology for the UK’s [...]
An open letter to the PM: Britain must build Sizewell C — nuclear sits at the heart of a green recovery July 12, 2020 An open letter to Prime Minister Boris Johnson, business secretary Alok Sharma, and chancellor of the Exchequer Rishi Sunak We are writing as engineers, nuclear experts, scientists and concerned citizens to applaud your commitment to fighting climate change through energy policy, in particular the commitment to proceed with new nuclear construction at the same time [...]
IEA raises oil demand forecast but warns of coronavirus threat July 10, 2020 The International Energy Agency (IEA) raised its 2020 oil demand forecast today but warned the ongoing spread of coronavirus could cause more disruption. The organisation raised its oil demand forecast to 92.1m barrels per day, 400,000 higher than its prediction last month as the virus-struck second quarter suffered a smaller decline than expected. But the [...]
With its own Magnitsky Act, Britain can make it clear that international wrongdoers are not welcome here July 10, 2020 The new government sanctions regime, which has seen restrictions imposed on around 50 individuals accused of orchestrating human rights abuses, is a major step in Britain’s post-Brexit place in the world. Dubbed the “Magnitsky Act”, after the Moscow lawyer murdered after uncovering a massive tax fraud, this approach allows the UK to pursue a new [...]
The Friday Interview: Chris D’Sylva and the Supermarket of Dreams July 10, 2020 Every Friday, City A.M. Deputy Editor Andy Silvester interviews somebody making waves in the finer things in life: food and drink. This week he sits down with Chris D’Sylva amidst the stacked shelves of the “Supermarket of Dreams,” which opened amidst lockdown in the first week of June Nestled amongst the somewhat staid independent shops [...]
Egypt and Morocco capital markets attract growing international recognition July 7, 2020 Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]
Glaxosmithkline set to bag £500m UK deal for coronavirus vaccine July 5, 2020 Pharmaceuticals giants Glaxosmithkline (GSK) and Sanofi are close to securing a £500m deal to supply the UK government 60m doses of their coronavirus vaccine, according to reports. The Department for Business, Energy and Industrial Strategy (Beis) is said to be taking an option to buy the vaccine from the two drugs companies if it proves [...]
For the sake of our economy and our culture, we need to save London’s theatres July 3, 2020 Tomorrow, large parts of London’s economy will start to reopen. Pubs and restaurants will fling wide their doors, hotels will begin to welcome guests, and museums and art galleries will once more be open for business. But not all of London will be switching back into gear. Live performances are still banned, placing immense pressure [...]
Former City minister calls on PM to fund ‘Stadium for Cornwall’ July 3, 2020 Former City minister Lord Paul Myners has called on Boris Johnson to fund a “Stadium for Cornwall” as part of his newly announced “New Deal” to restore the UK economy after coronavirus. Lord Myners, who served as financial services minister under Gordon Brown, said the project would “epitomise the vision of an economic bounce-back based [...]
4 July reopening: Soho to sizzle as street festival kicks off this weekend July 2, 2020 The West End is set to be the epicentre of 4 July reopening revelry this weekend with newly pedestrianised streets heralding what some are calling “The Summer of Soho”. Westminster Council have now confirmed that a number of streets in the famous entertainment district will be closed to motor traffic. That will allow venues to [...]