Seven golden ethical principles May 21, 2021 The opportunity is now for all leaders to lean into restoring public trust in corporate governance, as we begin to build back better in the wake of a series of corporate failings. The global pandemic and our return to work presents an opportunity for organisations and leaders to re-establish a culture that is built on [...]
Labour steps up pressure on Rishi Sunak over Biden’s global tax plan May 20, 2021 Labour has stepped up its push to get Rishi Sunak to agree to Joe Biden’s plan for a minimum business tax rate among the world’s biggest economies. The party is calling on the government to put together a review of the effects of Biden’s proposal to implement a 21 per cent minimum on global business [...]
Not going anywhere: Cecil Rhodes statue to remain at Oxford college despite fierce BLM campaign May 20, 2021 The governing body of an Oxford University college will not take down the controversial statue of Cecil Rhodes at this stage due to “regulatory and financial challenges” presented by its removal. Oriel College’s decision comes after a long-running campaign demanding the removal of the British imperialist’s monument gained renewed attention amid the Black Lives Matter [...]
Begbies Traynor revises up earnings expectations May 20, 2021 Begbies Traynor has revised up its earnings expectations following a year of growth at the professional services firm that saw it make four acquisitions. In a market update today the company said revenue for its 2021 financial year was expected to be £83.7m, up from £70.5m in 2020. Adjusted profit before tax was revised up [...]
China’s CMB International and Nervos Foundation launch $50m blockchain fund May 20, 2021 CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, has announced the launch of a $50 million fund with Nervos - China’s leading blockchain.
London’s GlobalBlock teams up with Canadian developer May 19, 2021 London-based GlobalBlock has announced it has agreed a business combination with Canadian listed Helix Applications (Helix).
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG May 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
5 jobs available in London this week May 19, 2021 Are you on the hunt for a new and exciting role? We’ve noticed a huge increase in the amount of jobs being posted to our job board lately (which makes a lot of sense considering that the world is slowly returning to normal). Anyway, we wanted to share some of these jobs with you, in [...]
Truss: When will WTO treat China as developed country to stop Beijing’s unfair trade practices? May 19, 2021 The UK and its allies have been “too soft” on China and the World Trade Organisation (WTO) needs to get tough on Beijing’s unfair trade practices, according to international trade secretary Liz Truss. Truss told a Westminster committee today that the UK wants “to improve our toolkit multilaterally and unilaterally” through putting in new subsidies [...]
Beijing has done irreparable damage to Hong Kong after freezing top media mogul’s assets May 19, 2021 On Friday, the owner of Hong Kong’s biggest pro-democracy newspaper had his assets, amounting to HKD$500 million, frozen. Mr Lai was already facing trumped up charges under the National Security Law, but this step is the biggest blow to date for press freedoms and puts the long-run viability of his newspaper, Apple Daily, into question. [...]