Bitcoin slips below $28,000 as investors keep a wary eye on US inflation data May 2, 2023 Bitcoin is trading a shade under $28k this morning, down 2% from yesterday as it continues to slowly drift from the key level of $30k.
Clifford Chance paid €2m by European Super League before it failed December 9, 2021 City Law firm Clifford Chance LLP were among the recipients of over €4m (£3.4m) paid out by the European Super League in the months before it failed, according to reports. The firm was one of two major international law firms as well as eight media agencies, according to Bloomberg News, which first reported the news. [...]
Lloyd’s of London takes out £650m cover to protect emergency fund June 17, 2021 Insurance market Lloyd’s of London has taken out £650m in cover to protect its backup central fund against possible high-risk events that could cause losses. The five-year cover is financed by JP Morgan as well as other reinsurers including Berkshire Hathaway and Swiss Re, according to a Financial Times report. The central fund at Lloyd’s [...]
Huel: No rush for IPO as meal replacement drinks biz passes £100m revenue March 30, 2022 The CEO of start-up Huel has said its £1.50 meal replacement drinks offer struggling households affordable nutrition as inflation skyrockets. “We feel we can support [people in the cost of living crunch,] given our products start at £1.50 a meal,” CEO James McMaster told CityA.M. Households are facing sharp grocery bill increases this spring, as [...]
Come dine with me: Johnson to host dinner for business leaders October 16, 2021 Prime Minister Boris Johnson is expected to host a dinner with some of the business world’s leading players – including Bill Gates and JP Morgan’s chief executive Jamie Dimon – reported the Telegraph. Invited to Downing Street, the 20 business leaders will be joined by the Prime Minister and the foreign secretary Liz Truss for [...]
Crypto adoption in emerging markets accelerates as SEC keeps rejecting Bitcoin ETFs January 30, 2023 Data from CryptoCompare shows that the price of Bitcoin moved mostly sideways throughout last week, starting off at $23,000.
UK inflation to accelerate to highest rate since March 1992 April 11, 2022 Inflation in the UK will soar to its highest level since March 1992, intensifying an already tight cost of living squeeze that is hitting households, according to City experts. Accelerating food and energy prices stoked by Russia’s invasion of Ukraine will propel inflation higher, fresh estimates released by the Office for National Statistics (ONS) on [...]
HSBC, Bank of America and UBS urge new work routines for Hong Kong staff January 6, 2022 Large financiers have urged new work routines for their Hong Kong offices, as the city-state imposes a two-week Covid-19 circuit breaker. Tightened restrictions from January 8 to January 21 will see flights grounded from the UK, as well as the US, Canada, Australia, France, India, Pakistan and the Philippines. HSBC, which employs some 30,000 [...]
UK inflation to scale to twin peaks in April and October April 6, 2022 Inflation in the UK will have twin peaks this year in a sign that households will absorb a double hit to their living standards. At the start of the year, the cost of living was originally forecast to peak in April, driven by the energy watchdog hiking the cap on energy bills 54 per cent. [...]
Wall St traders ordered to keep work WhatsApp messages on record June 12, 2021 JP Morgan has asked US staff to fish out years-old text messages related to work in order to comply with strict regulatory procedures. A note sent to staff has asked employees to dig out and archive work-related messages all the way back to 2018, even when saved on personal phones, reported Bloomberg today. Read more: [...]