Government ‘prepared for all scenarios’ says minister as Trump tariffs loom Transport and infrastructure The Government “has prepared for all scenarios”, a Cabinet minister has said, as questions about President-elect Donald Trump’s tariffs loom large ahead of the inauguration on Monday. Chief Secretary to the Treasury Darren Jones said “we need to see what the Trump administration do” but also that Mr Trump is “well known for wanting to [...]
Rachel Reeves’s trip to China and Tulip Siddiq’s resignation | What’s the Context? Opinion City AM's Opinions and Features Editor Alys Denby shares her thoughts on Rachel Reeves's trip to China and TuliIp Sidiq's resignation.
BP reveals boss Auchincloss recovering after procedure as it signals weaker trading Energy Oil giant BP has delayed an investor event due to be held in New York to allow boss Murray Auchincloss to recover after a medical procedure as it signalled weaker end-of-year trading. Its scheduled capital markets event that was due on February 11 in New York will now be delayed until February 26 and will [...]
British Gas owner Centrica: UK has less than a week’s worth of demand for gas in store January 10, 2025 UK gas stores have fallen to “concerningly low” levels amid freezing cold temperatures, the owner of British Gas has said. Centrica said the UK now has less than a week’s worth of demand for gas in store. On Thursday, stocks at UK gas storage sites were 26 per cent lower than the same period last [...]
OpenAI boss Sam Altman denies sister’s allegations of sexual abuse January 8, 2025 The sister of OpenAI chief executive Sam Altman has filed a lawsuit in the United States alleging that he regularly sexually abused her over a number of years, starting when they were children. The lawsuit alleges that the abuse began when Ann Altman was three and Mr Altman was 12, and also includes an allegation of rape – with the filing [...]
What to expect from City AM going into 2025 January 7, 2025 City AM’s Editor in Chief, Christian May, breakdowns down some major announcement on our plans going into 2025.
Downing Street rejects Elon Musk’s claim firms are turning away from UK December 30, 2024 Downing Street insisted Sir Keir Starmer was running an “unashamedly” pro-growth government after Elon Musk lashed out at his policies. Tesla boss Mr Musk said “very few companies” would be willing to put money into the UK under “the current administration”. Mr Musk, a close ally of US President-elect Donald Trump, was responding to calls [...]
HS2’s new boss Mark Wild warns the company is in a ‘very serious situation’ December 30, 2024 HS2 is in a “very serious situation” and needs a “fundamental reset”, the new boss of the company building the high-speed railway has warned. Mark Wild, chief executive of HS2 Ltd, said he is committed to ensuring the railway opens “safely and efficiently”. Earlier this month, HS2 Ltd estimated the cost of building the railway [...]
London Gatwick Airport: Thousands disrupted as fog hits for fourth day December 30, 2024 Flight restrictions remain in place at Gatwick Airport for a fourth day because of fog, disrupting travel plans for thousands of passengers. More than 20 flights planned for the West Sussex airport on Monday were cancelled in advance and passengers are being warned of delays throughout the day. Flights at the UK’s second busiest airport [...]
Jimmy Carter: King Charles and PM honour former US president after his death aged 100 December 30, 2024 Sir Keir Starmer has led a host of tributes to former US president Jimmy Carter, saying he “redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad”. The Prime Minister said Mr Carter, who died aged 100, will be remembered for the Camp David Accords between Israel and [...]