U.S. withdraws digital tax tariff threat for European countries October 22, 2021 The United States has withdrawn its tariff threat against five European countries over their digital services taxes. As part of a deal, Austria, Britain, France, Italy, Spain get to keep their digital taxes in place until a global tax agreement comes into force in 2023. The countries had agreed to withdraw their digital services taxes [...]
Obama to attend COP26 and meet activists October 16, 2021 Former US President Barack Obama has announced his attendance at the COP26 summit, which will take place between 31 October and 12 November in Glasgow. “Barack Obama will meet with activists and put the threat of climate change in [a] broader context – laying out the important progress made since the Paris Agreement took effect, [...]
Biden dashes hopes of quick post-Brexit trade deal with UK during Johnson visit September 22, 2021 US President Joe Biden last night downplayed prospects of brokering a post-Brexit trade deal with Boris Johnson, as ministers resorted to considering downgrading their efforts to join an existing pact. Meeting the Prime Minister in the White House, the US President issued a fresh warning for the UK not to damage the peace process in [...]
Johnson to push Biden on reopening UK-US travel during White House visit September 19, 2021 Boris Johnson is expected to push US President Joe Biden on the looming humanitarian crisis in Afghanistan, the potential of reopening UK-US travel and climate change during a visit to the White House. The Prime Minister will head to Washington during an environment-focused trip to the US, where he will urge world leaders to take [...]
Biden to announce all federal workers must be vaccinated September 9, 2021 US President Joe Biden is set to require all federal employees and government contractors to be vaccinated against coronavirus. Biden will sign an executive order on Thursday that will require federal workers to receive jabs against Covid-19, a source briefed on the matter told news agency Reuters. The Department of Defense, the Department of Veterans [...]
Janet Yellen: US Treasury is in danger of running out of cash in October September 9, 2021 Janet Yellen has warned the US Treasury is in danger of running out of cash in October unless Congress raises the debt ceiling, as the government walks on a tight rope to avoid a possible US default. In a letter to House Speaker Nancy Pelosi and other lawmakers yesterday, the Treasury secretary said a “specific [...]
Afghanistan: G7 leaders prepare for emergency meeting as evacuation deadline looms August 24, 2021 G7 leaders are under pressure to present a united front at an emergency meeting this afternoon on the crisis in Afghanistan. Leaders of the UK, US, Canada, France, Italy, Germany and Japan are to discuss how to coordinate their response to the crisis. The online talks chaired by UK Prime Minister Boris Johnson will also [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
US, UK and allies accuse China of global ‘cyber sabotage’ including Microsoft hacks July 19, 2021 The United States government and a coalition of allies, including the UK and the EU, have accused China of a orchestrating a global cyber hacking campaign that included the major Microsoft attack earlier this year. A senior administration official speaking on behalf of the US government accused China’s Ministry of State Security of working with [...]
Biden fundraiser Jane Hartley tapped as new US ambassador to the UK July 17, 2021 Joe Biden is set to pick Jane Hartley, a prolific Democrat fundraiser and former US ambassador to France, as the new envoy to the UK, according to diplomatic sources. It comes after weeks of deliberation over who would occupy the role – with billionaire former mayor of New York Michael Bloomberg, former secretary of state [...]