St Paul’s revamp to create new public square June 22, 2023 St Paul’s gyratory is set to undergo a redesign as part of a drive to create bigger and better public spaces in London. The City of London Corporation has approved project proposals to “partially remove” the gyratory, built in the 1970s, and create the largest public square in the Square Mile. The area between the [...]
Ryanair and Wizz Air caught up in fresh greenwashing allegations June 22, 2023 Ryanair and Wizz Air are facing fresh allegations of greenwashing after the consumer organisation BEUC filed a complaint to the European Commission, naming them among the 17 European airlines accused of making misleading climate-related claims. The BEUC – which represents 46 consumer organisations in the European bloc – are calling for a continent-wide investigation in [...]
UK banks to ramp up data sharing in dirty money crackdown June 22, 2023 British banks are gearing up to share more data with their peers on suspected serious economic crime as part of wider efforts to stem dirty money flows into the country from Russia and elsewhere, four sources with knowledge of the matter told Reuters. More than half a dozen banks are in advanced talks with British [...]
Andrew Strauss and Bryan Habana to return to sport at first ever Padel Classic in London June 22, 2023 Sporting greats Sir Andrew Strauss and Bryan Habana are set to come out of retirement next summer for an all-star padel pro-am tournament at the Hurlingham Club. The Padel Classic, which will also feature a corporate tournament, is scheduled to be played on the lawns of the exclusive south-west London venue on May 15-16 2024. [...]
Ed Warner: Rugby, boxing, netball, Para sport – what should Saudi Arabia buy next? June 22, 2023 Challenge accepted! A reader last week asked what the most investable sports worldwide are from the perspective of a sovereign wealth fund such as Saudi Arabia’s PIF. He had rugby union in mind, but wanted a long train journey to dredge up others. A return trip on Avanti West Coast to the first Ashes Test [...]
The Notebook: Kate Willard on how building connections is the key to business June 22, 2023 The notebook is a place where interesting people say interesting things. Today it’s Kate Willard, envoy for the Thames Estuary. The best partnerships are forged in person Ploughing through three feet of snow through downtown Detroit one bitterly cold February morning wasn’t perhaps the classic route to a new world of business opportunity. For one [...]
City set for office boom with 15 Shard’s-worth of new space required June 21, 2023 THE CITY OF LONDON could need as much as 20m square feet of additional office space by 2042, according to a new report, as corporates continue to invest in higher-quality headquarters. The report, conducted by Arup and Knight Frank, finds that office tenants are “seeking a step-change in the quality of space” that they offer [...]
Berkeley warns planning rules and ‘regulatory uncertainty’ weighing down housebuilding goals June 21, 2023 Housebuilder Berkeley has warned the delivery of new properties is under threat from the planning environment and regulatory uncertainty, as it reported near 10 per cent profits before tax this year. More than 4,000 homes were delivered by the firm with over 85 per cent being on regenerated Brownfield land. It also said it’s delivering [...]
We’ve overegged the power of interest rates and now we’re paying the price June 21, 2023 Interest rates aren't a policy tool for central banks, but rather an important pricing mechanism. Yet since the 1080s central bankers have been doing it all wrong, creating crisis after crisis, writes Max Rangeley
Wimbledon chiefs considering scrapping human line judges for AI June 21, 2023 Wimbledon chiefs are considering replacing human line judges with AI in future editions of the Grand Slam event in SW19. The All England Club is sticking with line judges for next month’s Championships in SW19 and insists it has no immediate plans to make the switch. But it is increasingly incorporating technology into its operations [...]