Weekend Read: Brexit and the pandemic have cost UK businesses £250bn, each January 30, 2022 The political choice of Brexit has cost UK businesses as much as the unforeseeable Covid pandemic. British companies have lost over £250bn to Covid and an equal amount to Brexit by the end of 2021, but the Brexit tally is now rising faster, The Centre for Economics and Business Research found that Covid-19 lockdowns had [...]
Weekend Read: What are London’s property hotspots? January 29, 2022 Which London boroughs have been the busiest housing markets in the past 12 months when it comes to the number of homes sold as a percentage of all private dwellings within each borough? On an individual borough-by-borough level, the busiest area n 2021 in London was Havering, according to data shared with City A.M. this [...]
UCL and micromobility operators join forces to develop e-scooter ‘universal sound’ January 28, 2022 University College London (UCL) and micromobility operators TIER, Lime and Dott have joined forces to develop an e-scooter ‘universal sound’ to alert of their approach. Endorsed by Transport for London (TfL), the project will begin next month, while trials will be conducted in the capital throughout the year. The sound will be developed taking into [...]
Office market booms as Tfl passenger numbers climb again January 28, 2022 Take up of Central London office space soared at the end of last year, in a major boost for the City’s revival this winter. Tenants took up 3.2m sq ft of London office space in the final quarter, exclusive data from real estate firm CBRE revealed. This was the strongest take-up since the end of [...]
Why the travel industry needs to embrace cryptocurrency January 27, 2022 Can the travel industry offer digital nomads an alternative crypto payment option as they further integrate crypto into their lives?
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Rail operators to lure commuters back to trains with bacon rolls January 27, 2022 Commuters are being lured back to trains via Greggs bacon rolls, as low passenger numbers spell crunch time for rail operators. A new complimentary breakfast rewards scheme has been hauled in by the Rail Delivery Group, with Omicron continuing to weigh on commuter levels. Those who sign up can also get their hands on free coffees [...]
Have your say: TfL asks Londoners about future of A10 Bishopsgate January 26, 2022 Transport for London (TfL) is asking Londoners to weigh in on the future of the A10 Bishopsgate walking and cycling scheme. Running until 25 July, the consultation will help TfL decide whether to extend the scheme’s life span beyond the 18 months which were initially agreed upon by the governing body in December. “As we [...]
Omicron pushing US Fed into action January 26, 2022 Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
InstaDeep raises $100m to ramp up development of ‘real world’ AI technology January 25, 2022 London-based AI firm InstaDeep has today announced $100m funding injection which it will use to fuel a global expansion and ramp up development of AI technologies.