Banks need to stand up for human rights abuses in Hong Kong and hit China where it hurts – their wallet June 24, 2021 Since the introduction of the National Security Law last year, Hong Kong has seen a shift in its population. Specifically, that its citizens are leaving. Hong Kongers in their droves are taking stock of this new draconian normal and choosing to say no to further human rights abuses. More than 34,000 have fled to the [...]
John McAfee found dead in his Spanish prison cell June 23, 2021 Computing legend John McAfee has been found dead in his prison cell – just weeks after his devoted wife said her husband faced dying behind bars.
KPMG told to expect £250m claim for Carillion collapse June 23, 2021 Accounting giant KPMG is expected to be told to pay £250m for its role in the collapse of outsourcing firm Carillion, its former client, in 2018. On behalf of the Insolvency Service, lawyers have warned KPMG to expect a claim. The expected move is part of an effort to reclaim funds that will be used [...]
Current institutional approach to decentralised finance (DeFi) June 23, 2021 Rob Gaskell of Appold takes a detailed look at the effects of institutional interest in decentralised finance.
Warren Buffett resigns from the Gates Foundation, donating $4.1bn as departing gift June 23, 2021 Warren Buffett has resigned as a trustee of the Bill and Melinda Gates Foundation, to put his focus onto his positions at US conglomerate Berkshire Hathaway, which owns Duracell and Dairy Queen. As a departing gift, Buffet – who is worth around $105.3bn according to Forbes – will donate $4.1bn to the foundation. The billionaire is [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 23, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Barclays Corporate Banking appoints new head of real estate Barclays has appointed a new head of real estate for corporate banking this week, following the retirement of the former-lead. Jason Constable, [...]
London property: Hong Kong buyers flood Canary Wharf, Kensington and Mayfair June 23, 2021 London’s property market is seeing an increasing number of Hong Kong residents looking to buy or rent a home in the capital, with Canary Wharf, Kensington, Covent Garden and Mayfair being particularly popular. Sales enquiries from Hong Kong buyers have risen by 20 per cent over the past 18 months whilst demand for rental properties [...]
UK starts Asia-Pacific trade negotiations June 22, 2021 Dominic Raab will today start trade talks about joining a free trade area in the Asia-Pacific region, which would grant the UK access to some of the biggest economies in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is made up of 11 nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, [...]
Exclusive: Pandemic aftershocks will last two years, warns cabinet office advisor and City insider Mark Jankovich June 22, 2021 London serial entrepreneur Mark Jankovich arrived in the City in 1992, joined Coutts & Co and set up Delphis Eco fifteen years later. The South African national – who has been a member of the government’s Cabinet Office SME Advisory Panel for the last five years, serving three prime ministers – managed to turn his [...]
Treasury minister: Pushing a new global corporation tax will be crucial at G20 June 22, 2021 The recent G7 agreement on tax was a vital breakthrough in the fair and effective taxation of multinationals. It is one we should all be proud of, because the UK has consistently led on this issue. But you would not think so, to read some of the commentary. Labour politicians in particular have been desperate [...]