Sir Kim Darroch quits as UK ambassador to US in wake of leaked Trump emails July 10, 2019 Sir Kim Darroch has resigned from his post as UK ambassador to the US, saying his leaked about President Donald Trump have made it “impossible” to continue in his role. Darroch’s leaked emails sparked a diplomatic row between the UK and US as Trump lashed back at the envoy’s criticisms before Prime Minister Theresa May [...]
Dyson sweeps up Singapore luxury apartment for record sum July 10, 2019 British billionaire James Dyson has snapped up what is thought to be the most expensive flat in Singapore. The entrepreneur has paid roughly £43.5m for a “super penthouse” spanning three stories at the very top of the city’s tallest skyscraper. Equipped with a private garden, 600-bottle wine cellar and a swimming pool, the self-styled “bungalow [...]
British Airways owner set for record £183m fine after 2018 data breach July 8, 2019 British Airways is gearing up to face a record £183m fine by authorities after a data breach caused it to lose more than 400,000 customers’ information. The airline’s owner, International Consolidated Airlines Group (IAG), announced this morning it would make “any necessary appeals” in response to the penalty. Read more: British Airways data breach: How [...]
Theresa May says leaked US ambassador emails ‘a matter of regret’ July 8, 2019 Britain has been in touch with Donald Trump’s White House to express regret over the leak of confidential emails in which the ambassador to the US called the President’s administration “dysfunctional” and “inept”. The messages from Sir Kim Darroch, the UK’s ambassador to Washington, were leaked to the Mail on Sunday over the weekend. Yesterday, [...]
Bears are gathering to welcome bullish Boris July 7, 2019 Did the economy shrink in the second quarter of the year? While it is impossible to be sure, we will get another clue this week when the Office for National Statistics (ONS) publishes its GDP estimate for May – and so far, the signs are not good. Read more: Boris Johnson to crack down on [...]
Deutsche Bank investment chief quits ahead of shakeup July 5, 2019 Garth Ritchie, the head of Deutsche Bank’s investment banking arm, is leaving the German lender after 20 years, the bank said today. Read more: Deutsche bank poised to announce huge job losses on Monday The move comes as Deutsche prepares to significantly cut back its investment banking activities and axe 20,000 jobs across its global [...]
Legalising cannabis would be the ultimate Conservative policy July 5, 2019 What if you were in the running to be the next leader of the Conservatives, and I told you that with a single popular policy, you could return your party to its traditional pro-liberty roots, put the UK at the forefront of a new cutting-edge global industry, and inspire the millennial generation to vote Tory [...]
City Moves for 5 July – Who’s switching jobs? July 5, 2019 Today’s City Moves includes Axis Corporate, AB Dynamics and Aldermore. Axis Corporate Global management consulting firm Axis Corporate has appointed of Edward Armit as a senior consultant within its London office. Edward joins Axis Corporate from Capgemini where he was a consultant within the process optimisation team, part of the operations transformation practice. This role [...]
European Medicines Agency to sublet Canary Wharf HQ to Wework after High Court defeat July 4, 2019 The European Medicines Agency (EMA) is leasing its entire London office to fast-growing flexible space provider WeWork, having lost a court battle to cancel its £500m rent contract in the wake of its planned move to Amsterdam post-Brexit. Read more: Europe’s development bank lured into new Canary Wharf HQ WeWork is taking up the 284,000 [...]
George Osborne vying for top role at IMF July 4, 2019 George Osborne is mulling a bid to become the next head of the International Monetary Fund (IMF), according to reports, after its current managing director Christine Lagarde was tapped for the top job at the European Central Bank (ECB). Read more: IMF chief Christine Lagarde among surprise picks for EU top job Currently editor of [...]