GPE snaps up London’s Fashion Retail Academy building for over £36m March 30, 2022 GPE, formerly known as Great Portland Estates, has snapped up the government and Philip Green-backed Fashion Retail Academy building for £36.5m. While the property development and investment firm has bought the building, in the heart of Fitzrovia, it will remain home to the fashion school until it relocates to a larger building. The building, a [...]
City A.M. Awards 2022: Innovative Company of the Year March 22, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Contactless payment value soars after limit is loosened March 16, 2022 The average contactless payment has surged almost 30 per cent in value in the past six months after the limit on payments was hiked from £45 to £100 in October.
Brits hit by new rules requiring extra security checks for online purchases March 14, 2022 New rules requiring Brits to undergo extra security checks when making online purchases could deliver a blow to businesses fresh data reveals.
As the cashless world grows, our financial ecosystems must build strong structures March 4, 2022 The cashless debate has been raging in the UK for the better part of a decade. While some are worried about phasing out physical cash, the pandemic has catalysed its decline – it’s no longer a surprise if your local coffee shop turns down a crumpled note in favour of a contactless credit card. UK [...]
Former IAG boss Willie Walsh calls for removal of all travel restrictions following sales boom February 17, 2022 Former IAG boss Willie Walsh has called for the removal of all travel restrictions following a boom in international tickets sold. In the last few weeks the International Air Transport Association (IATA), of which Walsh is the director general, has registered an 11 per cent increase in sales. In the week to 8 February tickets [...]
Apple rolls out ‘tap to pay’ feature to turn iPhones into payment terminals February 8, 2022 Apple will roll out a new feature that allows businesses to accept credit cards and digital payments via iPhone.
Court grants sex worker anonymity in case against payments processor SumUp February 4, 2022 A British court has said an escort should be allowed to remain anonymous as she seeks to prevent card payments processor SumUp from banning sex workers from using its payments services. The court’s decision to grant anonymity to the escort – referred to only as Anna – will see her argue that SumUp’s decision to [...]
Global travel and tourism industry could grow to $8.6 trillion in 2022 February 2, 2022 The global travel and tourism industry has finally started to get back on its feet following the pandemic’s disastrous impact. According to World Travel and Tourism Council’s (WTTC) data, the sector’s contribution to the global economy could reach up to $8.6 trillion this year, only 6.4 per cent down on pre-pandemic levels. As a result [...]
Matt Hancock: Britain will be left in the dust with our tepid attitude to cryptocurrencies January 27, 2022 We were already living in an age of change like no other. Now the pandemic has accelerated that change and Britain must embrace the opportunities it brings, or we will lose out. Most obvious is the Zoom revolution. There have been more rapid changes to the way we work in the past two years than [...]