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News

City AM
cityam.com > rayner-warns-reforms-72m-crypto-windfall-could-be-caught-by-new-donor-rules

Rayner warns Reform’s £72m crypto windfall could be caught by new donor rules

1+ day, 1+ hour ago   (722+ words) Angela Rayner has warned Reform UK that its record £72m fundraising haul from two cryptocurrency billionaires could be caught by retrospective rules being pushed through parliament. The housing secretary said new restrictions on political donations from Britons living abroad, or those…...

City AM
cityam.com > apple-and-google-defend-safety-records-as-uk-clamps-down-on-explicit-teen-content

Apple and Google defend safety records as UK clamps down on explicit teen content

4+ day, 8+ hour ago   (558+ words) Apple and Google have defended their child safety records after the government said it would force tech giants to block under-18s from sending or viewing nude images on smartphones. The Silicon Valley pair told City AM they had made progress…...

City AM
cityam.com > our-debt-addiction-can-only-end-in-tears

Our debt addiction can only end in tears

4+ day, 8+ hour ago   (266+ words) City AM In December 2009, ratings agency Fitch downgraded Greek sovereign debt from A- to BBB+ following a dramatic few weeks in which the state of the country’s public finances were laid bare. By February, riot police in Athens were firing stun…...

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cityam.com > nigel-farage-has-never-been-far-from-danger-his-entire-career

Nigel Farage has never been far from danger his entire career

4+ day, 12+ hour ago   (320+ words) Cast your eye over Nigel Farage’s CV and you realise he is a man who never seems far from danger. At the start of his career in 1982 he joined the notorious US investment bank Drexel as a commodities trader. Drexel…...

City AM
cityam.com > burnham-insists-defence-uplift-cant-come-at-expense-of-welfare

Burnham says defence uplift 'can't come at expense’ of welfare

4+ day, 22+ hour ago   (151+ words) Andy Burnham has said an uplift in defence spending will not come “at the expense” of benefits. During Prime Minister’s Questions, Burnham said “national security can’t come at the expense of social security” in response to attacks from Tory leader…...

City AM
cityam.com > london-bags-9bn-us-ai-firm-replits-first-overseas-office

London bags $9bn US AI firm Replit's first overseas office

5+ day, 2+ hour ago   (451+ words) Replit, the $9bn (£6.64bn) US AI coding start-up, has picked London for its first international office as the capital continues to attract some of Silicon Valley’s fastest-growing AI companies. The San Francisco-based company has opened in King’s Cross and will use London…...

City AM
cityam.com > one-of-britains-biggest-taxpayers-has-left-who-can-replace-rokos

One of Britain's biggest taxpayers has left - who can replace Rokos?

5+ day, 8+ hour ago   (665+ words) Christopher Rokos was Britain’s third largest individual taxpayer last year, handing over an estimated £330m. Now he’s moved to Greece and no British government seems to have a plan to replace that revenue, says Damian Pudner So, Chris Rokos is off…...

City AM
cityam.com > airport-chaos-heathrow-london-city-among-worst-affected-after-air-traffic-control-failure

Airport chaos: Heathrow, London City among worst-affected after air traffic control failure

5+ day, 21+ hour ago   (266+ words) Heathrow, Gatwick and London City airports are among the most-impacted after a “technical issue” grounded scores of flights across the UK. Britain’s air traffic control service, Nats, said just before 2pm it was investigating a fault which had delayed departures across…...

City AM
cityam.com > uk-at-risk-of-290bn-finance-industry-being-governed-overseas

UK at risk of £290bn finance industry ‘being governed overseas’

6+ day, 8+ hour ago   (468+ words) The UK is at risk of its booming financial services industry being governed overseas after lagging behind international rivals in digital asset innovation, a new report has warned. Banking industry body UK Finance has issued a rallying call to policymakers…...

City AM
cityam.com > the-uk-can-still-lead-in-tokenisation-but-only-if-we-move-fast-enough

The UK can still lead in tokenisation – but only if we move fast enough

6+ day, 9+ hour ago   (473+ words) Tokenisation will reshape market infrastructure whatever we do – the question is whether the UK wants to shape it or adapt to decisions made elsewhere, writes Bob Wigley The UK has entered a new phase in the tokenisation of capital markets....