Biden to create commission to look into expanding Supreme Court April 9, 2021 US President Joe Biden will order the creation of a bipartisan commission to study potential reforms to the Supreme Court, including whether to expand the number of justices. The commission would tackle the “merits and legality” of specific high court reform proposals, the White House said in a statement, along with the contentious idea of [...]
Time to harness the momentum on diversity, not slip back into old ways April 9, 2021 DiverCity® Podcast · The Competitive Advantage of Social Mobility It is not enough to simply have an idea, a team or a business. Leaders need to also understand the social responsibilities that are increasingly accepted as a necessity and, as the pandemic has shown, an advantage. Purpose-led entrepreneurship, or the idea that businesses should be [...]
Markets: Indexes in London and New York push further into record territory April 8, 2021 FTSE roars to highest levels since February 2020 as Wall St inches up
More than 500 City of London SMEs to benefit from new £50m Covid recovery fund April 8, 2021 At least 500 small-to-medium sized businesses in the City of London are set to benefit from Covid recovery grants thanks to a new £50m fund by the Square Mile’s local authority. The City of London Corporation will launch the fund on Monday, which will see SMEs from the hospitality, retail, medical and leisure sectors able [...]
City Corporation to launch new Covid Business Recovery Fund for Square Mile SMEs April 8, 2021 A new Covid Business Recovery Fund of up to £50 million will launch next Monday (12 April) after it was agreed by the City of London Corporation’s Policy and Resources Committee. The fund is designed to support SME businesses which contribute to the Square Mile’s vibrancy at street level and directly provide services to returning [...]
US outlines new global plan to tax tech titans April 8, 2021 The US has put forward a new plan on global corporate taxes in an effort to resolve disagreements over upcoming tech tax reforms. President Joe Biden’s administration has submitted proposals that would see tech giants and other large multinational corporations pay higher taxes in countries in which they operate, regardless of their physical presence in [...]
OneSavings Bank sets aside £20m to cover fraud costs April 8, 2021 OneSavings Bank (OSB) has set aside £20m to cover the costs of fraudulent activity carried out by one of its corporate customers. The cost to the lender is lower than it initially anticipated, saying in a market update last month it estimated the fraud cost to be around £28.6m. As a result of the incident, [...]
Exclusive: The City will emerge strong from Brexit, says impact investment whizz April 8, 2021 One of the hottest trends within the City’s investment community lately has been impact investing; capital flowing into companies, entities and funds with the intention to generate a measurable, beneficial social or environmental impact. To many institutional investors and pension funds, impact investments are increasingly becoming the standard so this type of investments is more [...]
Biden willing to compromise on plans to hike US corporate tax April 8, 2021 US President Joe Biden said last night he is open to compromise on his $2tn (£1.45bn) infrastructure plan amid fiery criticism from businesses over a proposed $2.5tn increase in corporate taxes. Biden faced furious backlash from Republicans, large corporations and members of his own Democratic Party to elements of the proposal he laid last week including major [...]
Genius Brewing, makers of healthy lager, to enter Dragons’ Den April 8, 2021 An innovative craft beer company producing a health-focused, light craft lager is set to go before the panel in tonight’s episode of Dragons’ Den. Jason Clarke and Charlie Craig, founders of Genius Brewing will take their 3% ABV, 79 calorie lager into the Den in the hopes of gaining backing for their ‘smart drinking’ company. [...]