Ukraine reports major gains in counteroffensive against Russia September 10, 2022 Ukraine has reported major gains in a counteroffensive against Russian forces, officials have claimed today. Ukrainian foreign ministry spokesman Oleh Nikolenko suggested troops had retaken Kupiansk, cutting off supplies to the Russian front line. The Security Service of Ukraine, known as the SBU, posted a message which it said showed its forces in Kupiansk, further [...]
The world has suddenly changed, but there is a constant that will outlive us all September 9, 2022 Crypto AM's Jason Deane tries to make sense of one of the most eventful and significant weeks in world history.
UK chips strategy must lure investment, says Dell executive September 9, 2022 The UK’s semiconductor strategy must make the country a more attractive destination for investment, a Dell executive has told City A.M. “We would like a business friendly, technology friendly environment, where it’s easier for us to invest more and its easy for us to see opportunities for us to make a positive difference,” Adrian McDonald, president for Europe, [...]
Queen Elizabeth II: A front-row view to almost a century of history September 8, 2022 Her Majesty Queen Elizabeth II has passed away after a lifetime that has seen everything from World War II to the Covid-19 pandemic. City A.M. look back at the extraordinary events she lived through as Queen of the United Kingdom and the Commonwealth. 1952: Elizabeth becomes Queen following the death of her father, George VI, [...]
Industry body backs fracking revival September 8, 2022 One of the UK's leading energy bodies has welcomed the Government's decision to lift the moratorium on fracking.
Solicitors watchdog to crack down on SLAPP lawsuits, SRA chief says September 8, 2022 The head of the UK’s Solicitors Regulation Authority (SRA) has vowed to crack down on the use of spurious lawsuits to silence legitimate criticism. In an article in The Times, SRA chief executive Paul Philip said the watchdog is “committed to cracking down” on law firms using so-called ‘strategic lawsuits against public participation’ (Slapps). The [...]
European Central Bank fires record rate rise shot to tame scorching inflation September 8, 2022 The European Central Bank (ECB) today hiked interest rates by the biggest amount since its creation in 1999 as it steps up its fight against a historic inflation surge on the Continent. President Christine Lagarde and co lifted borrowing costs in the bloc of 19 countries using the euro 75 basis points. The move takes [...]
Russia threatens to halt energy shipments into Europe September 8, 2022 Russia could halt all energy shipments into Europe if the West pushes through proposals for caps on the price of gas, warned Putin.
Shares plunge as US private equity titan backs out of Darktrace takeover September 8, 2022 UK tech darling Darktrace posted revenue and customer growth and pushed back against reports that it was in takeover talks with US private equity giant Thoma Bravo.
Lloyd’s of London to give staff £2,500 helping hand ahead of winter September 8, 2022 Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]