Top 10 billionaires: Jeff Bezos boosts fortune by $13bn in one day July 21, 2020 Amazon founder Jeff Bezos leads a list of the world’s top 10 billionaires after seeing his personal fortune jump $13bn (£10.2bn) yesterday, in what is believed to be the largest single-day individual wealth jump of all time. Bezos’ net worth has swelled $74bn this year to $189.3bn, according to the Bloomberg Billionaire Index. The Amazon [...]
Acast and Patreon team up to launch subscriber-only podcast service November 10, 2020 Acast and Patreon have joined forces to launch a new service that will allow podcast creators to make exclusive content available to subscribers across all major platforms. The tie-up will allow creators on the Patreon membership service to distribute private, patron-only podcast episodes to listeners on apps including Apple and Amazon Music. “At Patreon, we’re [...]
London startup Arrival valued at $5.4bn in US listing through Spac deal November 18, 2020 Electric vehicle startup Arrival has merged with a blank-check company to go public in the US at a listing valued at around $5.4bn. The London-based company, which was founded in 2015, has agreed to merge with Nasdaq-listed CIIIG Merger Corporation, a special purpose acquisition company (Spac). This year there has been somewhat of a frenzy [...]
Irritated Queen about COP26 in Glasgow: ‘I still don’t know who is coming’ October 15, 2021 The Queen has appeared to suggest she is irritated by a lack of action in tackling the climate crisis, and the monarch still has no clue who will attend the upcoming COP26 conference in Glasgow. Her remarks emerged in clips of a conversation filmed on a phone camera during a trip to Cardiff for the [...]
BBC to slash BBC Four shows but stops short of axing channel March 29, 2021 The BBC today said it will slash original programming on BBC Four as part of a wider effort to cut costs, though it stopped short of axing the channel altogether. In its annual plan published today, the broadcaster said it would shift away from commissioning a high volume of lower cost shows for the channel. [...]
Shares in events firm Ascential slump as pandemic sparks hefty loss March 15, 2021 Shares in Ascential dropped this morning after the media and events firm revealed a hefty loss in 2020 as a result of the pandemic. The FTSE 250 company, which runs the Cannes Lions festival, reported a pre-tax loss of £166.5m last year, compared to a profit of £1.8m in the previous 12 months. The lacklustre [...]
WhatsApp down globally, 40m Brits and hundreds of millions impacted around the world October 25, 2022 Meta-owned messaging app WhatsApp went down for over an hour this morning in dozens of countries around the world, including the UK, Netherlands, Germany, Italy, Malaysia, Kenya, India, France and most of the United States and Canada. City A.M. can confirm that the outage was for both personal chats as well as group chats and hundreds [...]
Revealed: The most in-demand and hardest-hit job roles of 2020 December 9, 2020 Couriers are now the most in-demand job of 2020 with over 188,000 monthly vacancies for the position. This is according to a report by Quadrotech, analysing the UK job market to reveal the most sought-after and worst hit jobs of the year. There is little surprise that couriers take the top-spot, with companies such as [...]
US tech sell-off continues as markets tumble for a second day February 23, 2021 Markets in the United States tumbled today, as a tech stocks in the US were hammered by a sell-off. The Dow Jones Industrial Average fell 0.06 per cent at the open, the S&P 500 fell 0.5 per cent and the Nasdaq Composite took the biggest hit, dropping two per cent. Large companies like Apple, Amazon [...]
IMF boss indicates opposition to Sunak’s call for City of London exemption to G7 tax deal June 13, 2021 The head of the International Monetary Fund has strongly indicated City of London firms should not be exempt from the global tax plan agreed at the G7, after Rishi Sunak called for a special carve-out for the UK’s financial services industry. When asked by City A.M. if she supported Sunak’s push, IMF managing director Kristalina [...]