After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Us versus them will do nobody any good on the High Street January 14, 2021 While a new year symbolises a fresh start for many, you could be forgiven for thinking you had been planted in the film Groundhog Day but instead the calendar was stuck in 2020. Perhaps nowhere is this more the case than in the retail and hospitality industry, with Lord Sugar’s legal challenge to the planned [...]
Donald Trump becomes first US president to be impeached twice January 13, 2021 Donald Trump has become the first US president in history to be impeached twice. A majority of the US House of Representatives tonight voted to impeach Trump, formally charging him with inciting an insurrection. Following hours of debate in Congress, Democrats secured enough votes to push through the impeachment. The final tally was 232 votes [...]
City workers urged to complain if forced into the office January 13, 2021 The City of London Corporation has called on workers to complain if they are being pressured into coming into work during England’s third national lockdown. The Corporation has urged Square Mile workers to file an anonymous complaint if their employers are forcing to break lockdown rules, which state that everyone must stay at home unless [...]
Singapore audit reform stresses need for UK action, IIA warns January 13, 2021 Recent changes to rules surrounding audit in Singapore have highlighted why action on audit reform in the UK is crucial, the CEO of the Chartered Institute of Internal Auditors has warned. CEO John Wood said reform of the UK’s audit sector was necessary to protect the UK’s leading reputation in corporate governance. The Singapore stock [...]
Exclusive: City fund managers on the impact of the third lockdown January 13, 2021 In this 2-part series, City A.M. asked UK-focused fund managers what they make of post-Brexit trade arrangements, the impact of three lockdowns and the long-term outlook for the UK’s investment community. Yesterday, in part 1, the investment managers focused on the UK-EU deal and which sectors and companies may become the winners and losers from [...]
Labour’s Anneliese Dodds to call for ‘responsible fiscal framework’ in major speech January 13, 2021 Shadow chancellor Anneliese Dodds is set to make a definitive break from Jeremy Corbyn-era economic policies in a speech that will commit Labour to “responsible” government spending. Dodds will also urge Rishi Sunak to delay paying of fiscal policy cutbacks or tax increases until the UK’s economy has recovered from Covid, which has been the [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]
Staff returning to offices three days a week would be ‘royal result’ post-pandemic January 13, 2021 If staff who have been working from home during the pandemic return to the office for three days a week post-Covid, it will be a “right royal result”, David Buik has said. Buik, who has worked for more than 50 years in the City of London and contributes to the Great Wave of Change podcast, [...]
Exclusive: UK eyes adding climate provisions in US trade talks to woo Joe Biden January 13, 2021 The UK will try to add new provisions on climate change and environmental standards in US trade negotiations in a bid to woo incoming President Joe Biden. Trade secretary Liz Truss wants to build on current negotiations with the Donald Trump administration and potentially add things like enhanced protections on air pollution and corporate transparency [...]
Exclusive: City of London boss says financial services overlooked in Brexit talks January 13, 2021 City of London Corporation boss Catherine McGuinness has hit out at Boris Johnson’s government for taking financial services for granted and overlooking the City of London during the last two years of Brexit talks. McGuinness, who is policy chair at the powerful local authority, told City A.M. today that she wanted to see “those important [...]