Both north and south of the border, Ireland’s financial centres are the City’s historic partners February 17, 2020 As the debate around our future relationship with the European Union continues, we at the City Corporation have been focusing on building even stronger ties with our closest neighbours. Over the past two weeks, I have visited Dublin, Belfast and Derry-Londonderry to do just that. Both the Republic of Ireland and Northern Ireland have long-standing [...]
Rory Stewart wants to set up City of London embassies across EU February 16, 2020 City of London embassies will be set up across EU capital if Rory Stewart is elected mayor of London. The ex-international development secretary is running as an independent mayoral candidate in the May election, after having the Conservative whip removed last year over his opposition to a no-deal Brexit. Stewart believes as mayor of London [...]
German economy flatlines as eurozone growth hits seven-year low February 14, 2020 Growth in the Eurozone grew by only 0.1 per cent in the last quarter, dragged down by weakness in its three largest economies. The German economy stagnated in the fourth quarter, while France and Italy contracted 0.1 per cent and 0.3 per cent respectively. Statistics body Eurostat reported that the 0.1 per cent growth is [...]
Broadband customers set to save up to £150 under new Ofcom rules February 14, 2020 New Ofcom rules set to come into effect from tomorrow could save millions of customers up to £150 each, or a collective £1bn a year, on the cost of landline, broadband, TV and mobile packages. The broadcasting and telecoms regulator is set to enforce rules that require companies to offer customers the best deals available [...]
Zurich Insurance’s strong performance aided by its UK business February 13, 2020 Zurich Insurance Group’s stellar performance was boosted by a strong showing by its UK business, Zurich UK. UK earnings were up 59 per cent to £413m from £260m in 2018. General insurance gross written premium increased 4 per cent to £2.5bn from £2.4bn in 2018. In its general insurance business, business operating profit grew 97 per [...]
MWC 2020 cancelled after coronovirus fears spark mass exodus February 12, 2020 Telecoms extravaganza Mobile World Congress (MWC) has been cancelled after fears over the coronavirus sparked a mass exodus by some of the world’s biggest tech giants. GSMA, which organises the annual conference, today said the outbreak had made it “impossible” for the event to go ahead later this month. “With due regard to the safe [...]
Leah Williamson interview: England and Arsenal defender on the fortunate timing of her career, studying accountancy and her Olympic dream February 12, 2020 Like many football-mad children, Leah Williamson dreamed of becoming a professional player. The talent was there and she took the first step on the ladder aged nine when she joined the Arsenal Ladies Centre of Excellence in 2006. However, there was one major problem in her way: 14 years ago there was no such a [...]
ESG investing: The only way is ethics February 12, 2020 “Climate change has become a defining factor in companies’ long-term prospects,” wrote Larry Fink, chief executive of Blackrock, in his annual letter to global company bosses last month. “I believe we are on the edge of a fundamental reshaping of finance.” It was a big moment. Sustainability has been a growing economic issue for more [...]
Two in five UK workers living payday to payday, says survey February 11, 2020 Two out of five UK employees are living payday to payday, a new survey has found, with women and younger workers more likely to be financially stressed. The figures, from insurance firm Willis Towers Watson (WTW), suggest that workers feel increasingly financially vulnerable even as unemployment has hit record lows. Last week, the Joseph Rowntree [...]
Hola, Ola: Meet the latest app to fight for Uber’s London crown February 10, 2020 Transport for London’s (TfL) decision not to renew Uber’s operating licence late last year split commuters down the middle, but the controversial ride-hailing app’s rivals have seized the opportunity to stake their claim to the capital. Uber’s effective ban came over concerns it had not done enough to protect Londoners after TfL identified a “pattern [...]