BGC Partners settles fraud lawsuit against former London partner January 30, 2024 US broker BGC Partners has settled a fraud claim it brought against a former long-serving London partner a week before the trial was due to take place.
Osborne Clarke drops signature from legal climate charter January 22, 2024 City headquartered law firm Osborne Clarke has dropped its signature from a legal initiative designed to support law firms with transition to Net Zero. Legal Charter 1.5 was an initiative developed collaboratively by a group of large City law firms ahead of London Climate Action Week last June. At the time, eight law firms were [...]
Taiwan: UK chip industry ‘very exposed’ amid semiconductor giant’s political turmoil January 15, 2024 Taiwan produces over 90 per cent of the world's most advanced microchips, which are used to power critical digital infrastructures.
New AI principles hint at pro-innovation future of UK regulation September 19, 2023 Britain’s competition watchdog has set out guidelines to steer the development of artificial intelligence (AI), which lawyers suggest could be a blueprint for a pro-innovation future of AI regulation. The Competition and Markets Authority (CMA) has proposed seven principles to guide the use and development of the foundation models that underpin AI giants like OpenAI’s [...]
Conducting business: UK chip industry needs to pick its battle, says top boss August 30, 2023 A top chip boss has urged the government’s new Semiconductor Advisory Panel (SAP) to narrow its focus so the UK can grab a stronghold in the escalating chip wars and protect its successful growth firms from rival markets. Dr Simon Thomas, the chief executive of Cambridgeshire graphene-based semiconductor firm Paragraf, welcomed the government’s recent appointment [...]
UK businesses face regulatory minefield as EU votes in new Artificial Intelligence Act June 18, 2023 UK businesses must brace themselves to adhere to new EU artificial intelligence (AI) standards if they plan to trade in the bloc, lawyers and industry experts have said. It comes as members of the European Parliament voted overwhelmingly last week to adopt the Artificial Intelligence Act, which aims to encourage “human-centric and trustworthy” AI. Tamara [...]
Roman Abramovich used ‘barrage’ of legal threats to silence journalist, MPs hear March 17, 2022 A prominent British journalist has said she received legal threats from Roman Abramovich after she published a book laying out the oligarch’s links to Vladimir Putin. Reuters journalist Catherine Belton told MPs she received a “barrage” of legal threats from Russian oligarchs, including sanctioned billionaire Roman Abramovich and Everton backer Alisher Usmanov, after she published [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 9, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BTIG BTIG has bolstered its equities division with a new managing director in its London office. Pavi Sidhu, who has previously held roles across equities and global portfolio trading at HSBC, brings over two decades’ experience to the [...]
Real estate developer Firethorn sells logistics assets to Cain for £550m March 2, 2022 Real estate developer Firethorn Trust has inked a deal to sell its UK logistics portfolio to investment firm Cain International for £550m. The portfolio includes seven sites in the UK, totalling 3.25m sq ft across 22 assets, including two newly built developments. The sale also includes five consented land sites that are on set for [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tate & Lyle Tate & Lyle appointed a food industry veteran as its new chief financial officer, who will also be posted to the board. Stepping into the role in mid-May, Dawn Allen joins from US food manufacturer Mars, Incorporated where she has been [...]