Apple commits $100m to racial justice initiative June 11, 2020 Apple chief executive Tim Cook has today revealed the firm will spend $100m on a company programme dedicated to racial justice. “The unfinished work of racial justice and equality call us all to account,” Cook said in a tweet. “Things must change, and Apple’s committed to being a force for that change.” It follows in [...]
EU to levy antitrust charges against Amazon over treatment of third-party sellers June 11, 2020 The European Commission is said to be preparing to file formal charges against Amazon over its treatment of third-party sellers on its platform. The Commission will accuse Amazon of accumulating data from third-party sellers and using it to compete against them, people familiar with the matter told the Wall Street Journal. The case could appear [...]
WPP appoints former Burberry chief June 11, 2020 Media giant WPP has appointed the former chief executive of Burberry and ex-head of retail at Apple to its board. Angela Ahrendts will become a non-executive board member at WPP after ending a five-year run as one of the most senior figures at Apple. Ahrendts led British fashion brand Burberry from 2006 to 2013, during [...]
The City View: Why we shouldn’t forget about retail investors June 11, 2020 In this episode, Christian talks to Sam Smith, CEO of broker FinnCap, about her campaign to protect and enhance the rights of retail investors – particularly during a new or emergency equity raise. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Sam, who heads the largest broker on AIM, also believes that with better regulation and fewer barriers, retail [...]
Markets live: FTSE 100 rebound sours as traders await Fed rates decision June 10, 2020 The FTSE 100 faltered as an initial rebound quickly turned sour and the UK index fell back into the red by the afternoon. London’s blue-chip index pushed 0.74 per cent higher as markets opened today, before dipping into the red by mid-morning. The FTSE pared back some of the losses by the afternoon but edged [...]
The City View: We cannot hide from our history, we can only learn from it June 10, 2020 In this episode, City A.M. Editor Christian May gives a personal view on the debate around statues and monuments to controversial historical figures. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS “They should, by and large, be left where they are because, by the passage of time, they take on new meaning – they cease to be monuments [...]
Apple set to manufacture its own chips for new Mac computers June 9, 2020 Apple is said to be preparing to announce a move to its own processors in Mac computers later this month, replacing a long-running partnership with Intel. The announcement could be made at Apple’s Worldwide Developer Conference (WWDC) on 22 June, people familiar with the matter told Bloomberg. Codenamed Kalamata, an announcement at WWDC would provide [...]
The City View: The future of capital markets, with William Wright – founder of New Financial June 9, 2020 In this episode Christian is joined by William Wright, founder of the capital markets think-tank, New Financial, which works to promote bigger and better capital markets. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS It also strives to explain the role and purpose of capital markets, and to focus the industry on how it can best serve [...]
The City View: John Holland-Kaye, Heathrow Airport CEO, on the future of aviation June 7, 2020 In this extended episode Christian is joined by Heathrow’s chief executive, John Holland Kaye, for a wide-ranging and candid conversation about the unprecedented disruption and difficulty facing the travel and aviation sector. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS What does a socially-distanced airport experience look like? When will passenger numbers recover? What does the future look like [...]
Hundreds attend memorial service for George Floyd as US anti-racism protests continue June 5, 2020 Hundreds of people attended a memorial service yesterday for George Floyd who was killed by the police in Minneapolis on 25 May, sparking widespread protests against racism and injustice. Civil rights activist the Reverend Al Sharpton told mourners that Floyd’s killing marked a reckoning for the US over justice and race, and said: “Get your [...]