British businessman arrested on Wirecard-linked fraud charges September 2, 2021 A British businessman has been arrested and charged in Singapore with fraud for allegedly instructing a company, with ties to the collapsed Germans payments company Wirecard, to forge a letter according to widespread reports. James Henry O’Sullivan has been accused of ordering accounting firm Citadelle Corporate Services to fabricate a document, according to the Financial [...]
Global hiring spree: Amazon looking to recruit 55,000 people worldwide September 2, 2021 Amazon confirmed this afternoon it is planning another hiring spree, saying it looks to recruit 55,000 people around the world. The positions range from tech jobs to corporate roles to warehouse work packing and shipping orders for the online shopping giant. While other companies have laid off workers during the pandemic, Amazon’s workforce has ballooned [...]
Why a bespoke wine cellar might not cost what you think September 1, 2021 So maybe you have a burgeoning wine collection: a couple of cases of Super Tuscan you picked up for a good price en primeur, a Château Lafite you’re saving for a special occasion, some Cabernet Franc that won’t be at its best for another six or seven years. What you need, my friend, is a [...]
Extinction Rebellion activists smash JP Morgan windows September 1, 2021 Green activists have vandalised the JP Morgan headquarters in Embankment using chisels and hammers to smash two windows. This morning eight women representing Extinction Rebellion arrived at the building and used hammers adorned with the words ‘live,’ ‘laugh’ and ‘love’ to break the glass. Activists added stickers which read ‘in case of climate emergency, break [...]
The affairs of Business Development Managers and sustainability September 1, 2021 In this Covid-recovery era, there’s so much talk of a new normal, building back better and a general sense that some fundamentals of business as we knew it have changed forever. Sustainability is now up at the top of businesses and professional service firms agendas. Given global increased discomfort/awareness/concern around inequalities (eg around access to [...]
AIM dividends climb from Covid depths in second quarter September 1, 2021 Dividends paid by companies listed on the junior AIM stock market are rebounding sharply from the depths of the Covid crisis, according to fresh figures published today. Research by Link Group shows underlying dividends distributed by AIM companies shot up 56.6 per cent to £265m compared to the same period last year. For the year [...]
Exclusive: City’s venture capital guru on Brexit, ESG fundraising and impact investing August 31, 2021 With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January [...]
South Korea outlaws Google and Apple in-app payment systems August 31, 2021 South Korea’s National Assembly has approved legislation that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has backed [...]
Climate progress tracker improves on higher carbon prices and electric vehicle sales August 31, 2021 Last week, the Intergovernmental Panel on Climate Change, issued a landmark scientific report that serves as a “code red for humanity”, according to the UN Secretary General, Antonio Guterres. It comes three months before the 26th Conference of the Parties (COP26), warns of climate catastrophe and lays the blame firmly at the door of human activity. [...]
Tencent ends all exclusive music rights deals after Beijing crackdown August 31, 2021 Tencent has ended all its exclusive music licensing agreements with record labels across the world after Chinese regulators ordered it to do so last month, as part of an intensifying crackdown on the country’s tech giants. In a statement released on the Chinese tech conglomerate’s official WeChat page, Tencent said all parties involved in the [...]