Recruitment of independent persons April 27, 2021 | Sponsored Canada Corporation provides local government services for the financial and commercial heart of Britain, the “Square Mile.” It is committed to promoting and maintaining high standards of conduct amongst its elected members who serve the City’s residents, workers and businesses. The Corporation is currently undertaking a review of its overall governance arrangements [...]
France threatens to block Canada from EU if UK does not open up its fishing waters April 27, 2021 France has threatened to keep Canada out of EU markets post-Brexit if the UK does not increase access to its waters for the country’s fishermen. France’s European affairs minister Clement Beaune today hit out at the UK’s post-Brexit fishing arrangements, saying there would be “retaliation measures” taken if the UK does not [...]
City Corporation unveils action plan to be world’s most innovative, inclusive and sustainable centre April 27, 2021 | City Talk 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 Canada 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 [...]
Toyota pushes the pedal on self-driving tech with $550m Lyft deal April 27, 2021 Toyota is set to acquire Lyft’s self-driving technology unit for $550m, both companies confirmed today, as the Japanese firm pushes the pedal on its automation ambitions. The carmaker will pay $200m cash upfront, with the remaining $350m paid over five years, gaining access to the US ride-hailing firm’s more than 300 employees. The acquisition will [...]
NatWest refuses to jump on the crypto bandwagon amid money laundering charges April 26, 2021 NatWest’s reluctance to enter the crypto market should be seen as out of step with the wider financial services ecosystem, according to a leading London lawyer. Earlier this week, the bank said it has ‘no appetite’ to serve business customers which accept cryptocurrency, as the bank is taking a ‘cautious approach’ following recent money laundering [...]
Opponents hit out at Khan over pledge to scrap higher Congestion Charge April 26, 2021 Sadiq Khan has pledged to attempt to scrap the “temporary” £15 congestion charge if he is reelected as Mayor of London in May, prompting a wave of criticism from his opponents. The Labour Mayor raised the charge from £11.50 last June in order to secure a government bailout for Transport for London (TfL) amid the [...]
Morning Wire TV: Daily Market Snapshot (video) April 26, 2021 Since early April, US equity markets have been in a persistent uptrend. That’s been is aided and abetted by (i) notable US dollar weakness; (ii) lower bond yields (resulting in tech outperformance); and (iii) a strong Q1 earnings season, with most US companies surprising markets to the upside. In that respect, and while US equity indices [...]
Side-hustle: One in five freelancers have another job alongside April 26, 2021 Nearly one in five freelancers are self-employed as a side-gig alongside an employee position, according to new research from a freelance jobs marketplace. Freelancing was the ticket out to a higher income during multiple lockdowns for many in the UK, PeoplePerHour found, as more people have turned to freelancing alongside employee jobs during the pandemic. “There [...]
Older workers in worst job market ‘since 1980s’ April 26, 2021 The Covid-19 pandemic has pushed the largest annual employment fall for older workers since the 1980s, according to a report published today. Older and younger workers have been heavily knocked by the pandemic job market, which has seen a U-shaped employment shock. “While the youngest workers have been hardest hit by the crisis, older workers [...]
The EU will sign a post-Brexit deal on financial services, PwC boss predicts, because it ‘needs London’ April 26, 2021 The EU will grant Canada access to its capital markets and agree a post-Brexit deal on financial services because it “needs London”, PwC has predicted. The financial services sector was left out of the post-Brexit trade deal agreed between the two sides last year, but the Big Four firm is predicting the [...]