Send in the army to help airports, says Ryanair boss June 2, 2022 The UK Government should send in the army to relieve pressure from airports as the travel mayhem rages on, according to Ryanair’s boss Michael O’Leary. “Bringing in the army, which they do and many other European airports, would, at a stroke, relieve the pressure on airport security and would mean that people have a much [...]
Waze UK: People’s driving habits are a moving feast post-Covid June 2, 2022 The UK’s driving habits have become a “moving feast” post-Covid, said Waze UK’s managing director Ru Roberts. According to the satellite navigation software, following the easing of restrictions and the UK Governmen’t strategy for living with Covid, traffic numbers have exceeded pre-pandemic levels. “We’re now in excess of number of cars on the road,” Roberts [...]
The influencer economy is one step ahead of us and changing again as TikTok stars demand freedom June 2, 2022 Influencers – also known as content creators – have been anticipating what the public likes since the beginning. From blogging in the late ‘90s – showing a new appetite for sharing intimate thoughts in public arenas – to TikTok now – with our thirst for informal, snappy content – influencers started doing it before the [...]
Sheryl Sandberg steps down as Meta COO after 14 years alongside Zuckerberg June 2, 2022 Sheryl Sandberg is stepping down as Meta’s chief operating officer after working for 14 years alongside Mark Zuckerberg. The senior executive announced her decision in a Facebook post, where she said that it was time for her to “write the next chapter of my life.” “Over the next few months, Mark and I will transition [...]
Mordaunt: State-level US deals have unlocked talks for federal trade deal with Biden May 30, 2022 The UK’s ambition to sign more than a dozen trade and business agreements with individual US states has helped unlock talks with the White House for a post-Brexit trade deal, trade minister Penny Mordaunt has said. Mordaunt, who is deputy to international trade secretary Anne-Marie Trevelyan, told City A.M. in a wide-ranging interview that she [...]
Crypto markets pick up as China eases lockdowns May 30, 2022 Bitcoin yesterday extended its streak of declining weekly returns to a record nine weeks, with the price of the largest cryptocurrency closing the week at just above the $29k mark. Previously, Bitcoin had never gone through more than six weeks in a row without a positive return. However, in contrast to recent weekly closes, Bitcoin [...]
Canadian bank CIBC subjected senior exec to racial and sexual discrimination, lawsuit says May 30, 2022 An ex-senior banker at one of Canada’s biggest banks has filed an £800,000 lawsuit against her former employer over claims she was subject to racial and sexual discrimination while working at the firm. Zhuofang Wei, a former executive director at the London office of the Canadian Imperial Bank of Commerce (CIBC), is suing the bank [...]
Boris Johnson fighting frantically behind the scenes to appease dozens of critical Tories as partygate refuses to go away May 30, 2022 Prime Minister Boris Johnson is reportedly working around the clock to appease critical Conservative rebels as the partygate affair threatens to reignite over new rule-breaking claims. Fresh allegations have surfaced that senior civil servant Sue Gray was told about a potential gathering in the Downing Street flat on the evening of the Prime Minister’s 56th [...]
Exclusive: M&G snags two major tenants in 40 Leadenhall – before it’s even built May 30, 2022 Investment firm M&G Real Estate has snagged two major tenants in the new development at 40 Leadenhall, City A.M. can reveal today – despite it still being under construction. The firm invested £875m to buy and develop the site – nicknamed Gotham City – in 2019. “It is the largest single transaction we’ve ever [...]
Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia May 28, 2022 At the start of this month, Paul Stoddart jumped ship to become the president of the newly-minted fintech unicorn GoCardless. Stoddart, who describes himself as a “banker by trade,” spent years at Natwest, Barclays, and was most recently the chairman of Mastercard’s VocaLink. In an exclusive interview with City A.M., Stoddart said that joining GoCardless [...]