Hong Kong’s ‘draconian’ travel restrictions push out corporate expats, says report January 19, 2022 Hong Kong may see even more residents pack their bags, with 44 per cent of Hong Kong expats saying they may leave over the city’s travel restrictions, a new report has revealed. Some 26 per cent of businesses in the global financial hub are also thinking of relocating, the American Chamber of Commerce in Hong [...]
New laws proposed to strengthen UK’s fight against cyber crime January 19, 2022 New laws are needed to drive up security standards in outsourced IT services used by almost all UK businesses, the government has said this afternoon.
Exclusive: In war for talent, the rapid surge in pay is tipping the balance of power, says Edmond de Rothschild manager January 19, 2022 11 million. Eleven million is the number of job openings that are currently unfilled in the world’s largest market alone, the United States. In other words, Corporate America is looking for 11m workers to operate at a level that meets end demand. To put this figure into perspective, this is an all-time high and double [...]
Northern Tory MP defects to Labour ahead of testy PMQs over “disgraceful” Johnson behaviour January 19, 2022 Christian Wakeford, the Conservative MP for Bury South, has defected from the party to join Labour in a sign of the increasing pressure on PM Boris Johnson. It is another damaging blow to the Prime Minister as the fallout from his attending a lockdown garden party continues. The defection raises the stakes for the Conservative [...]
Most UK workers embrace four-day working week with many saying less time in office would boost productivity January 19, 2022 Over half of British workers feel a four-day work week would increase their productivity, according to new data shared with City A.M. today. In fact, 57 per cent of UK employees would like to have more space in their working week by reducing their hours to four days, the research commissioned by Airtasker found. However, one in three UK workers would consider supplementing their salary [...]
€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn January 19, 2022 The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros. As a result, Dublin is gradually becoming a major banking hub within the EU, adding as much as €200bn to banks’ balance sheets since the UK voted to leave the [...]
Wetherspoons hits out at pub closures following ‘partygate’ scandal January 19, 2022 Wetherspo has slammed the government in a fiery trading update, criticising pub closures over the past two years.
City Moves: Who’s switching jobs in the Square Mile this week? January 19, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Standard Chartered Standard Chartered has appointed a new group general counsel who will be based in London. Dr Sandie Okoro, who has been senior vice president and World Bank group general counsel for the past five years, [...]
Climate change personal responsibility is a myth to excuse the world’s emitters January 19, 2022 Consumers do have power in their pockets when it comes to tackling climate change. The meteoric rise of ESG in the financial services industry, for instance, has been driven by consumer demand. Equally, in the retail sector the term “sustainable” has become a benchmark for any quality clothing brand as a result of customers wanting [...]
The world in 2022: a map to global politics January 19, 2022 In 2022 the fault lines of global politics will be tested again. City A.M. and the British Foreign Policy Group chart the year ahead. If the pandemic taught us anything, it is the deep ramifications that one country’s domestic politics have globally. From the future of the French President to continual Chinese aggression, here we [...]