Covid-19 might lead to long-term action on climate change April 1, 2020 As greenhouse gas emissions plummet due to the commercial standstill caused by the Covid-19 pandemic, there remains a glimmer of hope that at least one positive may arise from this terrible situation — we may yet manage to slow the onset of climate change. From reports of air pollution levels dropping between a third and [...]
City Moves for 1 April – Who’s switching jobs at Rainmaking, Raymond James and Coupa? April 1, 2020 Today’s City Moves includes Rainmaking, Raymond James and Coupa Rainmaking Corporate innovation and venture development firm Rainmaking has announced that Simon Torrance will be joining its UK and European leadership team as a senior adviser. Simon is a world-leading expert on business model transformation and platform strategy. He has 25 years’ experience working across multiple [...]
Bank junction to be used as drone taxi landing zone April 1, 2020 The City of London Corporation is preparing to designate the newly pedestrianised Bank junction as a drone taxi landing zone, City A.M. can reveal. Taxi drones could be zipping through the skies of the capital as soon as the summer after ministers backed a plan to prioritise new regulations allowing passenger transit on autonomous flying [...]
M&A crashes across the globe as coronavirus freezes economic activity March 31, 2020 Dealmaking has plunged across the world as the calamitous health and economic impact of coronavirus sends M&A into the deep freeze. Data from Refinitiv showed global M&A activity in the first quarter is down 28 per cent on the same quarter last year at $697bn (£560bn). By number of deals, worldwide M&A has fallen 14 [...]
Coronavirus: CBI calls for urgent economic relief for ‘stranded middle’ businesses March 31, 2020 Support must be given to “stranded middle” businesses who are not eligible for the government’s coronavirus relief package and are at risk of going bust, according to the CBI. The government’s £330bn business interruption loan scheme is open to companies with revenue of less than £45m, while large investment grade companies can access the Bank [...]
Let’s work together to make work experience more rewarding March 31, 2020 Any student who’s ever spent a week getting coffee, photocopying, or doing research that is immediately thrown into the recycling knows that our current work experience system doesn’t work. It’s elitist, nepotistic, and formal work experience programmes tend to only be offered in very “establishment” industries: law, banking, consulting. And yet it’s still a vital [...]
Licence fee could be linked to broadband bills, says BBC March 31, 2020 The licence fee could be replaced by a levy linked to existing household bills such as broadband, the BBC said today as it hit back at the government’s consultation into decriminalising non-payment of the TV charge. While the corporation insisted the existing model was the fairest, it said it was willing to explore a household [...]
WPP pulls dividend, outlook and share buyback as coronavirus hits ad sales March 31, 2020 WPP has cancelled its dividend and share buyback and suspended its guidance for 2020, as the coronavirus pandemic forces a growing number of the advertising giant’s clients to cancel work. The world’s biggest advertising company has launched a cost-cutting drive in response to the outbreak, identifying £800m of savings that can be made for 2020, [...]
Criminals exploit technology so why can’t law enforcement? March 31, 2020 According to Helena Wood at the Royal United Services Institute (RUSI), the UK has been “sleepwalking” through the growth of economic crime, to a point where it is a systemic national security risk. But there is technology to take the fight to criminals. Fraud accounts for one in three of all allegations of crime and [...]
Do you know the many forms of money laundering? March 31, 2020 In financial circles there is much discussion around money laundering, but the forms which money laundering can take are very rarely explained. So, what is money laundering? It’s the process of making illegally gained money, often known as dirty money, appear to be legal. Money laundering usually involves three steps; surreptitiously getting the illegitimate money [...]