Crossrail boss refuses to give railway opening date but ‘very much wants’ 2020 launch March 6, 2019 Crossrail's new chief executive has refused to confirm any date for when the railway will open, saying only that the company "very, very much wants to get this done in 2020". Addressing Westminster's Public Accounts Committee (PAC) today, Mark Wild said Crossrail's next update, due in April, would provide a "window" of opening dates rather [...]
Tokyo 2020: What Covid-19, no fans and public opposition mean for sponsors and the International Olympic Committee July 22, 2021 The 60,000 seats of Japan’s national stadium, built for the Tokyo 2020 Olympics, are coloured in muted shades of green, brown, beige and grey. Architect Kengo Kuma chose those tones to fit his vision of the stadium, which he wanted to look as natural and organic as possible. Timber is the most visible material and [...]
Trump vs Biden – should investors really care? October 12, 2020 There are two things I’m being asked about constantly at the moment: Covid-19 and the US election. As a former politics student who’s always maintained my passion for the subject, I certainly feel more comfortable opining on the latter. But as an investor, how much should I really care if the next US president is [...]
Rory Stewart wants to set up City of London embassies across EU February 16, 2020 City of London embassies will be set up across EU capital if Rory Stewart is elected mayor of London. The ex-international development secretary is running as an independent mayoral candidate in the May election, after having the Conservative whip removed last year over his opposition to a no-deal Brexit. Stewart believes as mayor of London [...]
EU must boost capital markets due to coronavirus and Brexit, say finance chiefs June 10, 2020 The European Union needs to deregulate its capital markets to help the economy recover from coronavirus and reduce its reliance on the City of London, according to a panel of industry executives. With huge amounts of debt being sold to counter the economic hit caused by Covid-19 and the bloc set to lose its major [...]
Negative rates explained: should UK investors prepare? October 30, 2020 The UK’s banks received a letter from the Bank of England (BoE) this week which has brought negative interest rates back into the headlines. The letter, published here, asked banks how ready they would be if the Bank of England base rate – which currently sits at 0.10% – moved into negative territory. The letter, signed [...]
Six reasons why automation is poised to accelerate September 11, 2020 Automation has long been a feature of the manufacturing sector, as companies seek to improve productivity and make high quality goods to a specific standard. But we think the level of automation is set for a sharp increase as innovation sparks a new smart manufacturing revolution. In the short term, the Covid-19 pandemic has brought [...]
Violent crime on the Tube rises 43 per cent in three years January 18, 2019 Violent crime on the London Underground has soared by more than 43 per cent over three years, according to police data. There were 2,838 reports of violence on London’s Tube network between November 2017 and September last year, compared to 1,980 incidents between November 2015 and October 2016, British Transport Police (BTP) figures show. Read more: [...]
Financial regulator to get greater powers to phase out Libor June 23, 2020 Britain’s financial watchdog is to be given greater powers by the government to ensure that Libor is scrapped by 2021, after efforts to retire the scandal-hit interest rate benchmark faltered due to the coronavirus crisis. The Financial Conduct Authority (FCA) will be allowed to compel changes to benchmarks such as the London Interbank Offered Rate [...]
What can we learn from the Black Death? Be prepared, trust entrepreneurs, and have faith June 3, 2020 Can we learn from history? An excellent book by Ben Gummer on the Black Death in fourteenth century Britain, The Scourging Angel, shows that we can. Published 10 years ago, the book offers many intriguing parallels with the Covid-19 crisis. Of course, the Black Death was almost incomprehensibly more lethal. Around 50 per cent of [...]