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The Latest Breaking News from City

The Guardian view on globalisation: the world system risks undoing itself

Editorial: Over the holidays, this column will explore next year’s urgent issues. Today we look at how the past helps us understand the dollar’s power and pitfalls

The Guardian - UK

George Osborne to collect share of £28m payout for work at City advisory firm

The former chancellor is one of four partners at Robey Warshaw, which did not specify how much he would collect

The Guardian - UK

Bank of England governor Andrew Bailey's early Christmas present to the City

Picture the scene: Threadneedle Street, in the heart of the Square Mile, a bowler hat’s throw away from several of City Spy’s best-capitalised pubs and bars.

Evening Standard

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Los Angeles Orders More Residential Hotels to Stop Renting to Tourists

Twenty-one hotels have been cited so far. If the citations are enforced and upheld in court, hundreds of rooms could be turned back into low-cost permanent housing for the city’s poorest residents.

Capital & Main

UK and Switzerland agree to deepen ties between City and Swiss banking system

Treasury says post-Brexit tie-up to be signed on Thursday will ease cross-border market access for financial services

The Guardian - UK

Former Quaglino's boss to open major new City restaurant at the Royal Exchange

Des Gunewardena to make return to London restaurant scene next Spring

Evening Standard

City boy chic or crime of fashion: what’s the deal with Rishi Sunak’s suits?

The prime minister is one half of a couple rumoured to be worth £529m, so why does he dress like he’s auditioning to be on a 2005 NME Awards tour? Katie Rosseinsky talks to experts about Sunak’s style of suit

The Independent UK

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Interest rate cut hopes have the City in party mood, but beware of inflation hangover

City Comment: The inflation genie is not yet fully back in the bottle

Evening Standard

Aviva has acted to sack male employees for inappropriate behaviour, says boss

Amanda Blanc also tells sexism in the City inquiry of ‘appalling’ accounts of harassment of women across financial services sector

The Guardian - UK

Rents for top quality West End and City offices forecast to rise in 2024

Rents for the capital's greenest and most high end offices have climbed over the last five years, by more than a quarter for some space in the West End, and further growth is predicted in 2024 according to a new forecast.

Evening Standard

Interest rates to plunge in 2024 after GDP falls, City markets suggest

Market pricing is now pointing to a first cut as soon as May

Evening Standard

Scale of bullying and harassment of women in City ‘shocks and alarms’ MPs

Cross-party Treasury committee says its private hearings suggest there has been no improvement in 20 years

The Guardian - UK

Battle over creating new court centers on equality in Mississippi's majority-Black capital city

Constitutional rights are at the center of a legal fight over a state-run court in part of Mississippi’s majority-Black capital city of Jackson

The Independent UK

The 5 best things to do in Valencia, from beach hopping to exploring by bike

From an ultra-modern science and art complex to space surrounded by nature, here’s what not to miss on a visit to Spain’s third-largest city

The Independent UK

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Evening Standard

City eyes Bank of England vote split for rate cut timing clues

Any shift on the Monetary Policy Committee toward a call for a rate cut will affect the outlook for timing of the first move down

Evening Standard

The City to open its first office in the United States

It has not been decided whether the office will be in New York or Washington and it is not likely to open until 2025

The Guardian - UK

Jeremy Hunt’s post-Brexit City shake-up is ‘damp squib’, say MPs

Treasury select committee says Edinburgh reforms launched a year ago have had little impact on UK economy

Evening Standard

How do we get Sid — and his grandchildren — buying UK shares again?

City Voices: People these days are more likely to be snapping up cryptocurrency or lottery tickets than shares

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The Independent UK

Signs of a more competitive savings market are emerging, City regulator finds

The Financial Conduct Authority said it will continue to closely monitor the savings market in 2024 to ensure that customers receive fair value.

The Guardian - UK

Dr Martens: just another victory for private equity sellers over City mugs

Trust in the UK footwear firm is unlikely to return until it can go a year without tripping over something in the US

Sports Illustrated

Steelers Submit Official Request to Hold NFL Draft in Pittsburgh

The Steel City is hoping to host either the 2026 or 2027 draft.

Reason

Poised To Lose Battle Over Gun Ads, City Bans All Advertising But Its Own

Flagstaff keeps digging a hole over commercial free speech.

The Guardian - UK

Lloyds chief urges UK policymakers to keep their hands off banks’ profits

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election

Evening Standard

Most UK tech and media bosses considering IPO would still choose London

But the fact a third of businesses did not select the City suggests there is still work to be done

Evening Standard

The UK needs real reform to boost growth, not another ‘historic’ summit

City Comment: Today’s investment conference is the latest initiative for a supply-side revolution to kick-start growth. But where's the action?

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