Portugal, Israel and Greek and Spanish islands get green light for British holidays May 4, 2021 British holidaymakers have been given the go ahead for international travel to Portugal, Israel and some Greek and Spanish islands ahead of government plans to unveil a travel green list later this week. The Foreign Office this afternoon dropped its advice against non-essential foreign travel to Portugal and the Greek Islands of Rhodes, Kos, Zakynthos, Corfu [...]
Capital exports: London should have its own diplomats in every UK embassy to make Britain truly global May 4, 2021 British embassies around the world run the whole gamut. From No. 35, rue du Faubourg Saint-Honoré to Level 19 of the Shangri-La Offices in Ulaanbataar, they look different but all have the same purpose: to maintain and develop relations between the UK and the host country. That can mean a multitude of different things in [...]
Exclusive: Four out of five on furlough consider switching to jobs they are overqualified for May 4, 2021 Four in five furloughed Brits are considering applying for jobs they are overqualified for if they cannot return to their existing employment. Some 62 per cent of respondents feared they would not have a job to return to after furlough, according to new research by consultancy firm NTT DATA UK, shared with City A.M. this [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Mayor of London election: Where do the major candidates stand on housing? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the housing policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The most high [...]
World’s biggest dark web child porn network with 400,000 members shut by German prosecutors May 3, 2021 Prosecutors in Germany said today they have busted what is believed to be the world’s biggest international darknet platform for child pornography, used by more than 400,000 registered members. Frankfurt prosecutors said in a statement together with the Federal Criminal Police Office that in mid-April three German suspects, said to be the administrators of the [...]
Iran accused of attempting to disrupt Scottish Parliament election May 3, 2021 Iran has been accused of pushing disinformation online in an attempt to interfere in the Scottish Parliament election. A report by the right-leaning foreign affairs think-tank the Henry Jackson Society found that “Iran’s activities in cyber space are designed to attack the constitutional integrity of the United Kingdom”. “There appear to be elements within Iran [...]
Klarna to buck pandemic trend and take on more UK office space May 3, 2021 Klarna plans to take on more office space as part of a push to double its British workforce and launch more banking products. The buy now pay later firm will take new headquarters in an 11,000 sq ft WeWork office in Holborn and expand its existing space in Manchester. The firm is also looking at [...]
India’s Covid crisis makes Barclays and other banks to shift call centre operations back to UK May 3, 2021 Barclays has announced it will shift some of its Indian call centre operations back to the UK as staff in the South-Asian country are struggling to cope with the ongoing Covid-19 crisis. A range of other UK and US banks and companies are mulling to do the same, according to multiple media reports in India [...]
Barclays profit more than doubles to £2.4bn, as it shifts call centres to UK from India April 30, 2021 Barclays’ profit more than doubled in the first quarter despite not releasing cash set aside to cover bad loans from the pandemic like its British rivals. The bank posted a pre-tax profit of £2.4bn for the first three months of the year, up from £923m in the same period a year earlier and beating an [...]