Shoppers turn to buy-now pay-later amid cost of living crunch March 21, 2022 Consumers are increasingly turning to buy-now pay-later (BNPL) products to manage their finances amid a cost of living crunch, fresh research has revealed.
Future TfL and tube contracts for factory jobs are ‘at risk’, London Mayor Sadiq Khan warns March 21, 2022 London Mayor Sadiq Khan warned this morning that future contracts for London transport schemes which support jobs across the country are at risk without long-term funding from the Government. Khan is visiting the Siemens Mobility facility, where half the 94 new Piccadilly line Tube trains are due to be built, in Goole in East Yorkshire [...]
Exclusive: Aspire chairman Paul Farrer warns Brits ‘not to walk blindly into four day week’ March 20, 2022 From a healthier work/life balance and greater job flexibility to giving employees the freedom to spend more time with their family or even focus on a side hustle, the potential advantages of the four day working week are huge. Businesses could stand to benefit too, with happier, more productive and focused staff. Amid record level [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]
More than 3m home-working Brits are lonely while 1m have not spoken to anyone in last ten days March 17, 2022 The rise of working from home is adding to loneliness with more than three million people who do this claiming it means they don’t see other people very often, according to fresh data shared with City PM today. Its nationwide study found nearly one in three adults say they suffer from being lonely and one [...]
Can NFTs Increase Efficiency in Trade Finance? March 17, 2022 | City Talk Synopsis: How the traditional processes of trade finance can be streamlined through the use of NFTs. From original works of art to providing proof of ownership to almost any physical asset imaginable, non-fungible tokens (NFTs) are fast emerging from their niche in the crypto sector to find a visible and important position in the global [...]
Kremlin in sudden U-turn as ceasefire seems likely: Russia ‘changing tone’ as isolated Putin drops demands for Ukraine to surrender March 16, 2022 Despite fierce fighting in the last 24 hours, with Russia’s military forces blasting Ukraine’s capital region and other major cities. Russia has softened its stance in the talks over a possible settlement and is rapidly ‘changing tone’, according to people close to the Ukraine-Russia peace talks. In fact, a ceasefire seems increasingly likely. Ihor Zhovkva, [...]
Contactless payment value soars after limit is loosened March 16, 2022 The average contactless payment has surged almost 30 per cent in value in the past six months after the limit on payments was hiked from £45 to £100 in October.
Coming for oil: Watch as Boris Johnson arrives in the Middle East March 16, 2022 Boris Johnson has been greeted at Abu Dhabi airport by British Ambassador to the UAE Patrick Moody and UAE presidential advisor Anwar Gargash. The Prime Minister was guided through a guard of honour, the lines of men wearing coronavirus face masks and blades sheathed in scabbards on their torsos. More to follow.
