After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
London leads global finance rankings in new benchmarking research January 22, 2021 New figures published today [22 January] by the City of London Corporation, show that, London continues to hold the top spot for financial and professional services, when compared to other global destinations, including New York, Singapore, Hong Kong and Frankfurt. The benchmarking research, entitled “Our global offer to business: London and the UK’s competitive strengths in [...]
Slavery statues in City of London to be removed January 22, 2021 Statues of two prominent figures in the City of London with links to the Transatlantic slave trade will be removed and re-sited, the City of London Corporation’s Policy and Resources Committee has decided. The committee voted to move statues of William Beckford and Sir John Cass which currently stand in its historic Guildhall headquarters. The [...]
John Lewis repays government loan after strong festive period January 22, 2021 John Lewis has announced it will pay back its £300m government loan almost two months early after a better-than-expected festive period. The John Lewis Partnership announced it would pay back £300m of the government’s Covid Corporate Financing Facility which was due to be repaid in March of this year. Under the CCFF, the Bank of [...]
BBC equal pay cases cost taxpayer £1m in legal fees January 22, 2021 MPs have hit out at the BBC over revelations the broadcaster spent more than £1m of taxpayer money on legal fees fighting equal pay and race discrimination cases against its own staff. In a letter to the Digital, Culture, Media and Sport committee, published today, the BBC said it had forked out £1.1m between July [...]
Rishi Sunak set to extend furlough scheme past April January 21, 2021 Rishi Sunak is reportedly set to extend the government’s furlough scheme beyond the end of April in his 3 March Budget. The chancellor is drawing up plans to extend the £82bn scheme into the summer as the UK looks set to have strict Covid restrictions in place for several months. The scheme, which sees the [...]
City of London Corporation to remove controversial slavery-era statues January 21, 2021 The City of London’s local authority has today voted to remove statues of a slave trader and a slave owner from its Guildhall HQ. The City of London Corporation’s Policy and Resources Committee, its most influential body, voted to remove the statues of Sir John Cass and William Beckford in an attempt to distance itself [...]
Guildhall Yard site delivers 12,000 COID-19 tests January 21, 2021 The City of London Corporation is calling on people with COVID-19 symptoms to get tested and isolate as London continues to battle the spread of COVID-19. Guildhall Yard, the forecourt of the City Corporation’s headquarters, has been the Square Mile’s local testing site since October last year and new data shows it has so far carried out around 12,000 [...]
IRSG sets out financial services roadmap for UK’s G7 presidency January 21, 2021 The International Regulatory Strategy Group (IRSG) has set out its key areas of focus in financial services as the UK takes over the presidency of the G7 from the USA this month. The recovery from the COVID-19 pandemic, climate change and digital agenda will all be central to the UK’s presidency, including at the 47th G7 Summit [...]
Insurers need to capture the Covid-19 zeitgeist and go beyond expectations January 21, 2021 As a communications professional, you rarely want your client and the words “the Supreme Court” to appear in the same sentence. However, last week, the justices issued a 112-page judgement on the Financial Conduct Authority’s appeal asking for “clarification” on whether insurance companies were required to pay business interruption claims for companies which had been [...]
A 21st century Big Bang 2.0 won’t look like the eighties – but it’s worth pursuing January 20, 2021 UK financial services can unlock a new phase of growth by taking a lead on sustainability, digital innovation and governance, and redefining ‘Big Bang’ to be far more than simply deregulating markets. Chancellor Rishi Sunak spoke of the City’s “perfect platform” for a post-Brexit “Big Bang” last week but remained equivocal on how the new [...]