Editorial: Turning discrimination into diversity isn’t just social justice October 29, 2021 Yesterday, we published the (long overdue) news that the Waterloo and City line is set to return to a full weekday service by the end of next month. It’s not before time, and it’s a wonderful marker of the Square Mile’s nascent recovery from the pandemic. All around the capital are signs of life returning [...]
Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Hello Meta: Zuckerberg announces Facebook’s new name – CityAM : CityAM October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Over 70 per cent of black City workers have suffered discrimination at work October 28, 2021 More than half of the UK’s black financial services professionals don’t believe they have equal opportunities at work and more than 70 per cent say they have experienced discrimination at work, according to a new survey that reveals just how far the City has to go in terms of workplace equality. The detailed survey of [...]
Amazon expected to weather the supply chain storm with third-quarter results October 28, 2021 Amazon is expected to report strong results this evening, as the company shows its gearing up for Christmas with over 300,000 new global roles, including seasonal hires and corporate workers. Analysts suggest the online retailer will to post quarterly earnings of $8.72 per share in its upcoming report, which represents a year-over-year change of -29.5%. [...]
Ve vant to drink your… Pinot: Top Romanian wine for Halloween October 28, 2021 Halloween is fast approaching and what says ‘ghouls in a glass’ better than wine from the headquarters of Count Dracula himself, Transylvania, or at least the surrounding area in its parent country Romania. The wines produced here offer sensational value for money and are swiftly appearing on savvy London wine lists; particularly the Pinot Noir. [...]
World’s SMEs will need as much as $50 trillion to make net zero, says HSBC and BCG report October 28, 2021 The world’s small and medium-sized enterprises (SMEs) will need as much as $50 trillion worth of investment to meet net zero, according to a joint report by HSBCs and the Boston Consulting Group. Smaller businesses have struggled amid the decarbonisation push, which seeks to reduce the world’s emissions to avoid climate change, as they have [...]
Budget: UK tech and fintech startups face higher bills after tax credit restrictions – CityAM : CityAM October 28, 2021 The UK’s burgeoning tech startup and fintech sector will be hit by the new restrictions on the use of R&D tax credits announced in the Budget, industry insiders warn this morning. From April 2023, businesses will only be able to claim R&D tax credits on research and development work done in the UK. As UK [...]
Champagne in Canary Wharf: Sunak helps banks to save £4bn following Budget cut in surcharge tax October 27, 2021 The cut to the banking surcharge, announced in today’s Budget, will help UK banks to save £4bn in the next five years. A surcharge of 8 per cent was cut to 3 per cent by Chancellor Rishi Sunak to “maintain the competitiveness of our financial services”, he said. As a result, the amount paid by [...]
Budget: Sunak unveils high spending and business rates cutting post-Covid Budget October 27, 2021 Rishi Sunak has increased day-to-day departmental spending by £150bn in today’s Budget, in what has been billed as the largest increase in the last century, and slashed business rates. Sunak said the £150bn boost would see every government department’s budget increase, while the tax cuts will see business rates slashed by £7bn. The chancellor also [...]