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The Latest Breaking News from City

City comment: Don’t shoot the MPC pilots

BoE rate setters face an unenviable task this week as economic indicators send mixed messages

Evening Standard

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

Student becomes youngest black mayor in US aged just EIGHTEEN after making big promises

Jaylen Smith, from Arkansas, US, ran as a Democrat in his local town of Earle and promised to repair the city's drainage system, put more police on the street and improve public transport

Daily Mirror

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Banking reforms expert Q&A: will relaxing the rules help the UK economy and what are the risks?

Jeremy Hunt, the UK chancellor of the exchequer, has unveiled a package of measures aiming to protect the City of London’s position as one of the world’s leading financial capitals. With the UK having lost nearly a tenth of the financial assets it manages since Brexit, plus at least 7,000…

The Conversation

Chancellor’s post-Brexit City reforms risk a ‘race to the bottom’

There is a sweeping package of more than 30 reforms

Evening Standard

Jeremy Hunt’s City deregulation plans are ‘dangerous’ mistake, warns expert

Sir John Vickers, architect of post-2008 banking reforms, says plans put UK financial stability at risk

The Guardian - UK

Jeremy Hunt insists City reforms do not ‘unlearn the lessons’ of 2008 financial crisis – as it happened

Chancellor Jeremy Hunt has unveiled a package of City policy changes on Friday that rows back on regulations to, he hopes, boost competition and growth.

The Guardian - UK

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14,000-barrel oil spill in Kansas temporarily shuts down Keystone Pipeline

An estimated 14,000 barrels of crude oil spilled from the Keystone Pipeline into Mill Creek near the city of Washington, Kansas, on Wednesday night.

Tribune News Service

Jeremy Hunt to outline plans for shake-up of City regulation

Chancellor expected to target senior managers’ regime and ringfencing rules in 30-point package

The Guardian - UK

Tories continue to appal as Labour schmoozes a newly receptive City set

As ministers proved again they’ve lost the plot, Keir Starmer sought to show business bigwigs his is the party to back

The Guardian - UK

City faces fresh post-Brexit blow as EU moves to restrict certain trades

Battle focuses on what EU sees as bloc’s over-reliance on London’s clearing houses handling euro-denominated derivatives

The Guardian - UK

Small firms are the key to growth -- the government must back them

City Voices: Don’t be so gloomy about the future. Innovation is everywhere

Evening Standard

City jobs axe looms -- just as things may be improving

City Comment: Banks should hold off on cuts, at least until next year

Evening Standard

City’s £1 trillion a day traders give it up for charity

Wednesday is the 30th ICAP Charity Trading day in the City

Evening Standard

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The Independent UK

ACLU sues city of Phoenix to stop sweeps of homeless camp

The ACLU of Arizona says it is suing the city of Phoenix in order to block resumed sweeps of a huge homeless encampment downtown that they say has displaced people and destroyed identification documents, prescription medications and other belongings

Evening Standard

The “gamification” of the stock market -- why watchdogs are worried

The City regulator is worried about the “gamification” of the stock market. What does that mean?

Evening Standard

Investing in the stock market is not like playing Call of Duty

City Comment: The new breed of trading apps appeal to a dangerous delusion

The Canberra Times

Light Rail closes London Circuit

London Circuit will be closing from Friday night 8pm, as Stage 2 Light Rail works from the city to Woden commence.

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Evening Standard

Can London’s legal ‘magic circle’ fend off the threat from America?

City Voices: Britain’s big five elite practices face a growing challenge from American legal eagles

Evening Standard

‘Truly abysmal’ performance of ‘green’ and ‘ethical’ City funds

Shares in Shell often appear in funds marketed as “green”

Evening Standard

Will the pension fund crisis lead to litigation?

City Voices: Boards, trustees and advisors need to stay nimble to keep

The Guardian - UK

Threat to UK financial services watchdogs off the table

Government ‘committed’ to financial regulators says City minister

Evening Standard

Smithfield and Billingsgate markets are leaving central London for Dagenham

The City of London Corporation has approved plans to move the historic meat and fish markets far out east

Glasgow Live

Glasgow M8 'green' barrier at school to protect children from pollution

It is one of a large number of green space and infrastructure projects rolling out in the Anderston, city and Yorkhill area following council funding.

Evening Standard

Virgin Money staff get 10% pay rise as profits jump

VIRGIN Money presented a surprisingly healthy picture of the UK economy today, with chief executive David Duffy insisting the future may not be as dark as City experts predicts.

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