A wealth tax could raise as much as £55bn – but is it really the answer? February 22, 2021 Our friends at Tortoise are hosting an all-day summit on the Future of Money this coming Thursday. They’ve opened up the exclusive event to a small number of City A.M. readers, who can register here with the code GUESTOFCITYAM. Here, Tortoise’s Kim Darrah and Giles Whittell look at what a mooted wealth tax could mean [...]
Best of travel: Conquest, casinos and copious wine in Georgia February 19, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s journey to Georgia, Europe’s most surprising destination. ••• It has been said that Georgians ‘think with European minds and feel with Asian hearts’. Their nation, clamped between Russia and Turkey, is neither [...]
Uzbekistan’s untapped tourist scene is a trove of hidden wonders February 15, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s exploration of Uzbekistan. ••• Gold-leafed mosque interiors, silk carpets, smooth vodka, ninth century mausoleums and some of the best-looking people on earth — Uzbekistan is a hidden gem. And that’s not just [...]
Russian budget retailer Fix Price targets London listing February 15, 2021 Russian budget retailer Fix Price this morning announced plans to launch a London listing. The company, which is the largest value retailer in Russia, said the potential initial public offering on the London Stock Exchange would allow it to pursue growth and international expansion. Fix Price, which launched in 2007, has more than 4,200 stores [...]
On thin ice: the danger posed by thawing permafrost and how businesses need to prepare February 11, 2021 Rapidly thawing Arctic permafrost is a prime example of how climate change is impacting natural ecosystems and, in turn, business operations. Permafrost is the name for ground that remains frozen for more than two years. It has existed in this region for millennia. Temperatures in Russia have increased by around two and a half times [...]
Best of travel: Beijing and its surprising contemporary art scene February 9, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Laura Millar’s exploration of Beijing’s contemporary art scene. Read more: Jaguar XF P300 review: revitalised luxury at a surprisingly low price ••• Picture the likes of London’s White Cube, the Saatchi Gallery, and the [...]
Growing risk of attacks on UK in ‘breakdown of world order’, says defence secretary February 9, 2021 Britain is at growing risk of chemical and biological attacks due to a “breakdown of world order”, the defence secretary has warned. In an interview with the Times, Ben Wallace said the internet had proved a “turbo boost” for terrorist groups and nation states seeking information on deadly attacks. “Globally, I think there is a [...]
Special wines to treat your beau this Valentine’s Day February 8, 2021 “We sold a bottle of Sine Qua Non The Hussy Roussanne 2000 to a customer for Valentine’s Day. It currently retails for £1,580. The most expensive bottle we have in the shop is the Macallan Lalique 2 55YO, which sells for £145,000.” Established in 2012 in the heart of London’s Mayfair by Russian mobile phone entrepreneur [...]
En+ sales fall as pandemic prompts drop in aluminium demand February 8, 2021 The global leaders in aluminum production saw sales of the metal fall 7.1 per cent in the fourth quarter, signaling a 6 per cent yearly drop. En+ Group says the coronavirus pandemic and the collapse of the global economy played a significant role in the fall in demand. Vladimir Kiriukhin, CEO of En+ Group, said: [...]
Rolls-Royce continues disposal plan with €150m Bergen Engines sales February 4, 2021 Rolls–Royce has today announced that it will sell an engine units to Russian firm TMH for €150m (£132.5m). The sale of gas and diesel subsidiary Bergen Engines is the second disposal the FTSE 100 firm has made it as it seeks to raise £2bn to survive the pandemic. Chief exec Warren East said: “We believe [...]