City Recovery Taskforce: innovation and creativity must be at the heart of Square Mile’s restoration May 4, 2021 As history shows, the City of London is nothing if not adaptable and this remarkableability to reinvent itself in response to economic and social trends lies at the heartof its success. Throughout the centuries, the resilience of the Square Mile has meantthat, whatever adversity it is hit with – great fires, plagues or wars – it has alwaysmanaged to [...]
European Super League fallout: Tottenham fans’ group calls for radical shake-up of football club ownership May 1, 2021 Club executives involved in the failed European Super League were forced to resign from advisory roles at the Premier League this week. The move was a consequence of England’s so-called ‘Big Six’ – Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur – agreeing to join a new breakaway competition which collapsed under the [...]
Do no harm: An interview with David Newns April 29, 2021 Are successful entrepreneurs born with it, or made through their circumstances? In David Newns’ case, it was a bit of both. The son of a biscuit factory worker, growing up in a poor part of Blackpool, from an early age Newns had a goal to be financially independent. Now 36, Newns has founded and helmed [...]
Litigation funders’ cash pipeline hits £2bn for the first time amid growing popularity April 28, 2021 The value of the pipeline of court cases and cash held by top UK litigation funders has hit £2bn for the first time as the asset class grows in popularity. The value held by litigation funders has rocketed in recent years, according to data by law firm RPC, with funding doubling in three years from [...]
Facebook advertising chief issued warning over inflated audience figures April 27, 2021 A top Facebook executive warned colleagues the company must “prepare for the worst” over claims it inflated figures on how many people its adverts could reach, court filings have revealed. Carolyn Everson, vice president of the social media giant’s global business group, wrote in an email in 2017 that the company would be “justifiably” criticised [...]
Tiktok to open doors to experts in bid to calm safety fears April 27, 2021 Tiktok will allow experts and policymakers to see how it moderates content on its platform in the tech firm’s latest effort to allay safety concerns. The Chinese-owned viral video app said it will open a European Transparency and Accountability Centre, allowing outsiders to see “first-hand” how it runs moderation and safety practices. The centre will [...]
City Corporation unveils action plan to be world’s most innovative, inclusive and sustainable centre April 27, 2021 The Square Mile must adapt to post-pandemic economic and social trends in order to remain a world-leading ecosystem, according to a new report published today by the City of London Corporation. The Square Mile: Future City, produced by the City Corporation’s Recovery Taskforce inpartnership with Oliver Wyman, sets out a vision for the next five [...]
Crypto markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich April 26, 2021 Cryptocurrency markets undergo brief correction after Bloomberg reports that Biden plans to double capital gains taxes for the rich.
Tiktok sued for billions over children’s data concerns April 21, 2021 Tiktok is being sued for billions of pounds over allegations the video-sharing app illegally harvested the private data of millions of European children. The lawsuit, which is being backed by former children’s commissioner for England Anne Longfield, alleges that every child that has used Tiktok since 25 May 2018 may have had personal information collected [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]