City A.M. recognises work of 2020’s Business Heroes December 17, 2020 The business world has never seen its foundations shaken as they have been throughout 2020. Lockdown has been a huge challenge for both companies and their staff, with vast swathes of the population first placed on furlough and then grappling with the technological and social difficulties of working from home. City A.M. has certainly not [...]
Ministers in talks over London to New York air bridge August 27, 2020 Plans are being made for an air bridge between London and New York so that passengers can travel to the US without needing to quarantine, it was reported today. Although the US remains on the UK’s travel “red list” due to high overall rates of coronavirus infection, ministers are in talks with American counterparts over [...]
The dinosaur can’t evolve – it’s time for tech and crypto to take over April 20, 2021 Legacy banking has become a joke, a dinosaur that fails to cope with the fast paced, ever-changing technological climate, says Dr Chris Kacher.
Goldman Sachs and Citi slash UK GDP forecasts on news of second lockdown November 2, 2020 Goldman Sachs and Citi have sharply cut its economic forecasts for the UK in the fourth quarter following news of a fresh national lockdown in England to curb the second wave of coronavirus infections. In a client note, Goldman analysts said the US investment bank now expects UK GDP to shrink 2.4 per cent in [...]
Virgin Atlantic joins calls for airport testing regime September 9, 2020 Virgin Atlantic’s chief executive has added his voice to calls for airport testing to replace the government’s blanket quarantine regime, saying it is the “only way” to get the economy going again. Speaking to the BBC this morning, Shai Weiss said: “The economy, which is already in deep recession will not take off unless we [...]
Amazon to create 7,000 new UK jobs in latest expansion push September 3, 2020 Amazon today said it will create a further 7,000 new permanent roles across the UK, taking total new jobs this year to 10,000. The Silicon Valley tech giant has already added 3,000 jobs this year across its fulfilment centres, sort centres and delivery stations. The new roles will be spread over 50 sites, including corporate [...]
Best of travel: Why Toronto beats New York for a city break March 17, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Siobhan Grogan’s trip to the premier North American city break destination: Toronto. ••• As the cab from the airport inched forward in nose to tail traffic towards the distinctive skyline in the distance, I [...]
People gain ‘not a lot’ from wearing face masks: Danish study November 18, 2020 Wearing a mask does not fully protect against coronavirus, a major study has found, as pressure mounts on ministers to set out a strategy for easing lockdown restrictions across the country. A Danish study of more than 6,000 participants published in the Annals of Internal Medicine has found that masks are only “50 per cent [...]
Coronavirus: Latest updates on lockdowns, vaccines and Covid mutations around the world January 4, 2021 Countries around the world continue to grapple with rising coronavirus rates, as two new mutations of the virus have sparked calls for fresh restrictions across the globe. German politicians have called for a three-week lockdown extension, as current measures fail to stem ballooning cases across the country. Tight restrictions in place including the closure of [...]
Business interruption case heads to the Supreme Court November 16, 2020 A landmark legal battle between the City regulator and leading insurers over business interruption payouts heads to the Supreme Court today. Hundreds of thousands businesses that were forced to close or faced significant losses amid the pandemic made claims on their business interruption insurance. But leading insurers disputed the claims arguing their policies did not [...]