Citadel’s Griffin condemns Trump’s Federal Reserve attack January 21, 2026 Donald Trump’s onslaught against the Federal Reserve is a political misstep that will put “he and his party in a precarious position”, Citadel founder Ken Griffin has said, in one of the most stinging rebukes from a US business luminary since the White House launched legal action against the central bank last week. Speaking at [...]
Nato and Europe must be ‘stronger,’ JP Morgan’s Dimon tells Davos January 21, 2026 The world’s most influential banker has said the world is “simply not safe” and called for a stronger Nato and Europe in a chilling warning to the economic elite at Davos. Speaking at the World Economic Forum, JP Morgan’s top boss Jamie Dimon said the eyes of the world “woke up” after Russia’s invasion of [...]
London ranked world’s slowest capital city January 21, 2026 The average driver in London spent more than five days in rush hour traffic last year, with the capital ranking the worst in the world for travel time. Tomtom found that the average motorist spent 136 hours in traffic last year, as London led its ranking of the worst global capital city for slow traffic [...]
Non-doms are descending on Milan – and getting a divorce January 21, 2026 Thanks to its generous flat-tax regime, Milan has become a popular bolthole for former UK-based non-doms. But, asks Ali Lyon, does the opening of a new divorce law firm in Italy’s financial capital suggest some of its new residents are regretting their decision? The United Kingdom’s decision to abolish the non-dom regime last year has [...]
Next seals deal to acquire Russell & Bromley January 21, 2026 High street giant Next has stepped in to buy shoe seller Russell & Bromley in the latest in a string of acquisitions by the FTSE 100 retail giant. The sale will see Next acquire the Russell & Bromley brand, and three of its stores in Chelsea, Mayfair and the Bluewater Shopping Centre, in exchange for [...]
Division in Davos: EU warns tariffs could hit US ‘very quickly’ January 21, 2026 The EU has warned that its retaliatory tariffs could be implemented “very quickly” after President Trump doubled down on his desire to annex Greenland. The EU’s economic commissioner Valdis Dombrovskis, said the EU was prepared to respond to US tariff threats, dialling up the risk of an extraordinary clash between the world’s largest economy and [...]
Currys shares soar after retailer defies high street gloom January 21, 2026 Shares in tech retailer Currys soared this morning after the firm released an upbeat Christmas trading update, defying wider gloom on the high street. The London-listed firm recorded a three per cent uptick in UK and Ireland revenue as it clawed a bigger market share from strong sales in mobile, as well as growth in [...]
Did NBA in London prove to brands European basketball is viable? January 21, 2026 During one of the timeouts at the London NBA match between Orlando Magic and the Memphis Grizzlies, two fans played a game of tic-tac-toe. Only instead of noughts and crosses, the playing pieces were two basketball-themed Revolut cards. Onlookers shouldn’t have been surprised; sponsors rarely get the chance to show off to a London audience [...]
Wetherspoon shares sink after business rates knock profit January 21, 2026 Wetherspoon shares slumped on Wednesday after the pub giant laid bare the scale of the financial hit from November’s tax-raising Budget. The FTSE 250 member said cost rises across energy, wages, repairs and business rates had put up costs by a staggering £45m in the 25 weeks to mid-January. That would imply a cost rise [...]
UK inflation overshoots forecasts in cost of living warning January 21, 2026 Inflation overshot forecasts pencilled in by economists, sending the Bank of England a warning on their steady pace of interest rate cuts. New data published by the Office for National Statistics (ONS) has shown consumer price index (CPI) inflation, the headline measure for price growth, hitting 3.4 per cent in the year to December. Economists [...]
