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The Latest Breaking News from City

Banks warned over denying sex workers business accounts

FCA gives detailed guidance to lenders after hearing lack of access could lead to ‘significant harm’ for individuals

The Guardian - UK

London's pubs revival is in danger of unravelling

City comment: The margins of many hospitality businesses already thinner than a cigarette paper

Evening Standard

Thames Water asks to raise bills by £228 a year as regulators’ plan ‘not deliverable’ – as it happened

Live coverage of business, economics and financial markets as water company for southeast England says proposed cuts plan ‘is not tenable and renders our plan uninvestible’

The Guardian - UK

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PwC fined £15m for failing to report suspected fraud at City firm

Fine is FCA’s first against an auditor and follows PwC being hit with £4.9m penalty over audit by another regulator

The Guardian - UK

English Premier League 2024-25: Match schedule, start times, teams, format

When does the Premier League start and who are the favourites? Who are the new player signings? Al Jazeera explains.

Al Jazeera

Limits on Carrying Objects in Marches Near Chicago Convention Aren't Unconstitutionally Vague

“[C]ourts do not use vagueness doctrine to establish a rule that government cannot regulate anything until it classifies everything.”

Reason

Rate of inflation rises to 2.2% in July in first increase this year

Government statisticians say the rise was mainly caused by gas and electricity prices

Evening Standard

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Interest rate cuts expected after US and UK inflation reports – as it happened

UK inflation has risen to 2.2%, less than feared, while US inflation dipped to 2.9% last month

The Guardian - UK

London phone thief who stole 24 mobiles in single morning jailed for two years

The phone thief dropped some of his haul when officers knocked him off his bike in the middle of a busy road in the City

Evening Standard

UK economy may have been boosted by the 'Taylor Swift effect' in June, say City forecasters

Series of sell-out concerts and the Euros gave a welcome boost to Britain’s otherwise lacklustre output

Evening Standard

At the heart of Sydney Metro’s expanded Central Station lies a spectacular new public space

The new extension to the Sydney Metro can now be accessed beneath McAslan and Woods Bagot’s monumental roof structure above the city’s historic Central Station

Wallpaper

Unesco to probe impact of high-rise developments on the Tower of London

Historic England has said plans to build tall buildings in the city represent a ‘real threat to the World Heritage Site status of the Tower of London’

Evening Standard

The City of London’s tallest skyscraper could look like a toilet seat in the sky – and that’s not even the worst thing about it

As more and more giant towers are squeezed in by developers, open spaces and natural light are becoming things of the past, says Guardian architecture critic Oliver Wainwright

The Guardian - UK

Two City firms team up to invest £20bn of pension funds in UK businesses

Phoenix Group and Schroders will target fast-growing green energy, windfarms, solar, property and small business

The Guardian - UK

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Evening Standard

Ibai restaurant review: City boy steakhouse shows the finger to culinary restraint

The lasting sense here is of a thoroughly impressive paradox: this is a bustling, Basque asador in a shiny, sprawled air hangar of a space

Evening Standard

OPINION - The London Question: Would you really queue 30 minutes for a £10 sandwich?

Last Sunday, the queue for Sandwich Sandwich, London’s latest “hype” restaurant, was about 70 people long and promised a waiting time of around 20 to 25 minutes. That translates into standing around for the best part of half an hour, in 27 degree heat, for a £10 sandwich, albeit one…

The Guardian - UK

Fear of a Truss repeat should not deter Reeves from rewriting spending rules

Labour has enough goodwill with City to increase debt if the money is used for key infrastructure

The Guardian - US

Defense attorneys in Cop City case ‘frustrated’ after finally visiting forest

Site of proposed Atlanta police training center has changed greatly since arrest of protesters charged with racketeering

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Evening Standard

Can ultra-fast fashion titan Shein outrun its sustainability shadow?

City Voices: Scandals around supply chain, ethics and corporate culture can blow up and become big issues

Evening Standard

If we keep breaking economic rules, let's ditch the rules

City Comment: Why have arbitrary rules on government finances?

Evening Standard

Summer sun coming for the economy says influential City forecast

EY Item Club says the outlook for growth is hotting up and predicts interest rates under 5% by the end of the year

Evening Standard

City recruitment giant Hays expects 'subdued summer' after election uncertainty hits its fees

City jobs firm says its ‘too early’ to ‘see a meaningful recovery’

The Guardian - UK

‘We needed change’: mixed feelings in City after Labour sweeps London

Party wins seat that includes financial district and much of central London for first time in its history

Evening Standard

Quick steps to help the City and the Treasury

City Comment: Labour should go for it

The Guardian - UK

Markets left barely stirred by Labour’s thumping election win

The City is relaxed about a result that it expects to bring only modest change as the economic outlook improves

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