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The Latest Breaking News from City

Bumper City bonuses expected from takeover frenzy after pound hits record low

UK firms now temptingly cheaper, with a ‘wave of bids’ from overseas buyers meaning payouts for bankers

The Guardian - UK

The pound: how low can it go?

City experts are watching for sterling hitting parity with the dollar amid talk of an emergency rate hike

Evening Standard

Welcome to New Manchester - the 'forgotten village' whose streets copy Manchester could be swallowed up

The tiny pit village near Wigan is known as 'The City' because its streets are named after districts of Manchester, but its distinct identity could be about to change forever, the M.E.N's Damon Wilkinson reports

Manchester Evening News

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Mini-Budget: Kwasi Kwarteng scraps cap on City bank bonuses

Experts warn that the move could bring a return of reckless lending

Evening Standard

City Comment: Tax giveaways at odds with wider sentiment

Some warm words today from our new chancellor. Kwasi Kwarteng wants to “turn the vicious cycle of stagnation into a virtuous cycle of growth”, something he believes can be achieved by a bunch of supposedly City-pleasing tax cuts.

Evening Standard

Kwasi Kwarteng's younger wife, 'sex dossier' and on-off romance with ex-Home Secretary

Chancellor Kwasi Kwarteng, who is unveiling his 'mini Budget' today, is an 'intensely private' person when it comes to his love life but is married to a much younger City lawyer

Daily Mirror

New York City opening emergency centres for asylum seekers

Mayor says new centres will provide shelter, food and healthcare to hundreds of people bused into the city each day.

Al Jazeera

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2nd T20I: Rain threat looms large over India vs Australia clash in Nagpur

NAGPUR: Friday's second T20I match between India and Australia at the Vidarbha Cricket Association Ground in Jamtha is likely to be impacted with rains that lashed the city overnight and early morning.

The Times of India

It’s party time! 7 of the best (and most exclusive) private members clubs in London

From Soho House’s newest outpost to the private members club that is also an NFT and the club with a rooftop pool boasting unbeatable views across the city, Gordon Glenister rounds up London’s most exclusive private members clubs

Evening Standard

Next Miss Universe Pageant to Be Broadcast from New Orleans

New Orleans will be the site of the 71st Miss Universe contest, bringing together nearly 90 women contestants from around the world in January, the Miss Universe Organization said. “The City of New Orleans and the Miss Universe Organization share common values of celebrating inclusion, culture and the empowerment of…

Asharq Al-Awsat

Fuller’s calls for help as energy bills double

The firm has seen its electricity and gas bills grow 125% to £18 million

Evening Standard

Government warned foreign investors could desert Brexit Britain as pound hits 37-year low

City expert says ‘very bad’ figures suggest UK already in recession

The Independent UK

Making the City a fun destination for everyone

‘Destination City’ events backed by £2.5 million budget to reinvigorate Square Mile

Evening Standard

Liz Truss is turbocharging bankers’ bonuses. What a gift for Labour

Champagne will be uncorked in Canary Wharf – and along with it, a clear them-and-us narrative, says Larry Elliott, the Guardian’s economics editor

The Guardian - UK

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The Guardian - UK

What is the banker bonus cap and could scrapping it boost growth?

Chancellor may lift EU-era restriction in hope of making UK more attractive to financial sector

The Guardian - UK

The City’s five biggest banker bonuses since 2006

Big paydays for the financial sector could be here again as the chancellor considers abolishing the bonus cap

Evening Standard

Kwasi Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up

The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary

The Guardian - UK

Kwasi Kwarteng planning to scrap caps on bankers’ bonuses

Critics question chancellor’s idea of abolishing rules imposed after 2008 financial crash during cost of living crisis

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news in one place.

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Evening Standard

Former Sky finance head Griffith appointed City minister

He replaces John Glen who formerly presided over business in the Square Mile

Los Angeles Times

San Francisco faces civil rights lawsuit over woman's arrest based on DNA from her rape kit

A San Francisco woman whose DNA from a sexual assault examination was used by police five years later to arrest her in connection with an unrelated property crime, spurring a backlash and attempts to ban the practice, has filed a federal civil rights lawsuit against the city.

Manchester Evening News

Manuel Akanji sends message ahead of Borussia Dortmund game as Man City injury update issued

Your latest Manchester City news as they take on Borussia Dortmund this week and Guardiola's new signing hits back at his critics

The Independent UK

Former Chiefs assistant coach Reid pleads guilty in crash

Former Kansas City Chiefs assistant coach Britt Reid has pleaded guilty to driving while intoxicated resulting in serious physical injury after his truck hit two parked cars in 2021 and left a young girl with a traumatic brain injury

Evening Standard

Recession watch: Will the economy shrink this year after it grew in July? – City experts look ahead

Can the energy price cap help the stuttering UK economy avoid a full-blown recession?

Evening Standard

Economy grows and pound rallies as City hails new stock market floats

Two new investment trusts are planning to come to market in London, after a weak run for dealmaking this year

The Guardian - UK

‘She offered an island of certainty and continuity’: the Queen and the City

London’s finance hub has changed enormously in 70 years, but royal relationship is woven into its fabric

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