Financier of London restaurants jailed after Italian fraud trial December 21, 2023 The financier behind a collapsed chain of London seafood restaurants has been sentenced to six years in prison in an Italian fraud trial that has rocked the Vatican. Gianluigi Torzi, the man responsible for the Seasons chain of fish restaurants, was sentenced alongside Cardinal Angelo Becciu, the most senior Catholic Church official ever to stand [...]
Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
UK sanctions Russia cyber gang that targeted hospitals during Covid September 7, 2023 UK sanctions have been announced against 11 members of a Russian cybercrime gang behind the hacking of hospitals during the coronavirus pandemic. Britain and the United States acted together to slap the Russian nationals with asset freezes and travel bans, the Foreign, Commonwealth and Development Office (FCDO) said on Thursday. The so-called TrickBot Group is [...]
Man arrested after trying to rush the Queen’s coffin in Westminster Hall September 17, 2022 A man has been arrested after he tried to rush the Queen’s coffin in Westminster Hall. As thousands of people continue to queue up to see the late monarch lying in state, one so-called ‘well-wisher’ decided to run at the coffin when he got near to it. The assailant was immediately jumped on by nearby [...]
Calls to cut taxes show ‘questionable judgement’, economists warn August 23, 2023 Economists have warned that calls from Conservative MPs for Chancellor Jeremy Hunt to cut taxes after improved borrowing data emerged show “questionable judgement”. Three backbench Conservatives piled the pressure on, according to the Financial Times, with calls for “personal tax reductions” to “stimulate the economy”. The pleas came after figures from the Office for National [...]
Chris Pincher: Former Tory whip resigns as MP triggering third by-election for Sunak September 7, 2023 Conservative MP Chris Pincher has resigned as an MP triggering a third by-election for Rishi Sunak’s government to fight. The Tory MP and former deputy chief whip announced his resignation this morning after he lost his appeal against an eight-week suspension from Parliament over groping allegations. In a statement he said: “I have said already [...]
Labour pledges ‘fiscal lock’ to protect UK economy, says Rachel Reeves October 9, 2023 A Labour government would deliver a “new fiscal lock” to legally guarantee significant tax and spending changes must be reviewed by economic experts, Rachel Reeves has vowed. The shadow chancellor said a government led by Sir Keir Starmer would “put forward a new charter for budget responsibility” in the wake of the chaos wrought by [...]
Power of sanctions: Russians are abandoning their beloved London courts May 22, 2024 There has been a dramatic drop over the past year of Russian businesses and individuals using London’s Commercial Court
Empiric Student Property ‘poised for growth’ as rent income rises May 22, 2024 Empiric Student Property said it is "poised for growth" over the 2024 academic year as income from rents continues to rise.
Wall Street titan Jamie Dimon eyes stepping away from JP Morgan May 21, 2024 Jamie Dimon, arguably the single most significant figure in global finance, gave his clearest indication yet that he is thinking about stepping down from JP Morgan. Dimon has previously brushed off questions about the remaining length of his tenure by saying he would stay five more years, every year. However yesterday he told a New [...]