The Capitalist: Let’s do the time warp, Square Mile edition September 4, 2025 As City AM turns 20, The Capitalist turns nostalgic. Join us for a trip down memory lane... to the Square Mile, September 2005.
Google dodges Chrome breakup, but faces new pressures September 3, 2025 Alphabet’s Google scored a partial victory in Washington after a US federal judge ruled it will not be forced to sell its Chrome browser or Android operating system as part of a landmark antitrust case. But the court stopped short of giving the tech giant a free pass, ordering it to share search data with [...]
Gallagher Re: Global reinsurance capital hits record September 2, 2025 Global reinsurance capital rose 4.8 per cent to a record $805bn (£595bn) in the first half of 2025 and is on track to increase by eight per cent overall, thanks to continued strong profitability and additional non-life alternative capital, according to Gallagher Re’s half-year 2025 Reinsurance Market Report. The industry has continued to grow despite [...]
Tribunal filing shows UK pushed for wider back-door access to Apple data August 29, 2025 A new court document reveals that the UK government sought broader “back-door” access to Apple’s private customer data amid ongoing controversy over the impact of the UK’s Investigatory Powers Act. According to the Financial Times, a new legal document has been filed with the Investigatory Powers Tribunal (IPT), an independent court that reviews complaints against [...]
One time passcodes fuel rise in digital wallet fraud August 28, 2025 Warnings have emerged over the security of digital wallets, following a report by consumer group Which? found widespread use of easily compromised one-time passcodes (OTPs) by some banks, leaving customers increasingly open to fraud. The investigation, which surveyed fifteen high-street and digital banks, found that the majority are still relying on SMS OTPs to verify [...]
Eat, Drink, Sleep, Repeat: The best London and New York restaurants August 20, 2025 Our Toast the City judge Martin Williams gives his bi-weekly opinion on all things dining. This week he splits his time between London and New York. There has been a good amount of excitement in the hospitality sector as of late, with JKS and Dishoom both heading to America on expansion trails. Last weekend I, [...]
UK backs down on plans to force Apple to share encrypted user data August 19, 2025 The British government has backed down on plans to force Apple to share encrypted user data, according to President Trump’s intelligence chief. Tulsi Gabbard told the Financial Times that the government has agreed to abandon its demands for a “back door” for data. US vice-president JD Vance reportedly intervened to broker the exemption for the [...]
Klarna’s losses worsen as provisions jump ahead of IPO August 14, 2025 Buy now, pay later giant Klarna reported a surge in losses for the second quarter as provisions for possible bad loans climbed higher. The Swedish fintech unicorn posted a 64 per cent jump in provisions to $174m (£128m), up from $106m for the same period in 2024. This helped offset revenue growth of 20 per [...]
‘Wonderfully weird’: 7 of the best Edinburgh Fringe shows to book now August 14, 2025 City AM’s theatre writers have been catching the very best of the shows at the Edinburgh Fringe festival. We’re only reviewing productions with London transfers in the autumn, so if you can’t make it to Edinburgh this August, everything you read here is coming to the capital at a later date. From Fleabag to Flight [...]
After the shake-up, is the CMA still a watchdog with teeth? August 14, 2025 Those of us who have regulators' email alerts switched on were familiar with the CMA as an active regulator, but that didn't align with the Labour government's agenda.