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The Latest Breaking News from City

City row as investors claim Phoenix being sold on the cheap to Swiss giant

A DAVID and Goliath City battle broke out today when minority shareholders in Phoenix Global Resources vowed to fight off a £200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year.

Evening Standard

Newlywed groped student as he flew back from honeymoon in Hawaii, court hears

City trader Robert Van Den Bergh allegedly stroked the woman’s thigh for up to two hours

The Independent UK

Kochi police chalk out strict traffic regulations, parking restrictions ahead of PM Modi’s visit

Police have thrown a security blanket over the City ahead of the Prime Minister’s visit

The Hindu

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Spike in credit card borrowing adds to City fears and market jitters over UK economy

Pound falls as Bank of England figures show people are leaning on their credit cards as the economy slows

Evening Standard

City workers fear job cuts as trades dry up

City Comment: Brace for Bonfire of the Bankers

Evening Standard

There’s no need for a national debt, now or in indy Scotland

THE City of London is home to many useful and responsible financial institutions. But this respectable facade also conceals a host of less savoury…

The National (Scotland)

City regulators clear HBOS ex-bosses of misconduct over bank’s near-collapse

Watchdogs say six-year investigation had determined no grounds for action against unnamed individuals

The Guardian - UK

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Ex-San Francisco official sentenced to 7 years in prison

San Francisco’s former public works director was sentenced Thursday to seven years in prison for steering public contracts and taking pricey gifts in a corruption case that ensnared several City Hall officials and insiders

The Independent UK

Bank of England may be forced to raise interest rates to 4% in 2023

City traders bet central bank will more than double cost of borrowing to combat soaring inflation

The Guardian - UK

Newcastle injury latest with updates on five players as Eddie Howe plans for Carabao Cup tie

Newcastle United begin their Carabao Cup campaign with a midweek trip to Tranmere Rovers and Eddie Howe will likely make changes from the side which drew against Manchester City

Chronicle Live

Best restaurants near St Paul’s Cathedral, from Bleecker to Bread Street Kitchen

Starving in the City? Ben McCormack on the top spots for a bite to eat, from one of the capital’s burgers to a historic slice of Victorian London

Evening Standard

Citigroup hit with £12.6 million fine by main City market watchdog

FCA finds the bank failed to reach requirements on surveillance to identify market abuse

Evening Standard

I’ve learned how to stop feeling jaded by thrilling London

One of the purest pleasures of long-term London life is the way the city imperceptibly shifts through the eyes of your guests. There really is no sharper reminder of what a romantic, thrilling place you call home as looking at London vicariously anew, through a visitor’s gaze.

Evening Standard

Dining across the divide: ‘She thinks we should have cycle lanes everywhere – even in the countryside’

He’s a City worker who sees benefits to Brexit; she’s a student nurse who thinks it was an excuse to rip up protections. Can they agree on cycling?

The Guardian - UK

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Evening Standard

Homes for £500,000 or less in every London borough — from compact City flats to entire Victorian houses

A London home now costs just over £526,000 on average. But there are treasures to be found for that amount or less — from a compact City pad to an entire Victorian terrace house.

The Conversation

Higher electricity connection fees in South Africa? A good, and necessary, next step

There’s been outrage from some quarters in South Africa about reports that the power utility Eskom and some municipalities intend to increase the connection fee for electricity users who also generate their own power.

Evening Standard

City office ‘bants’ must become a thing of the past

Survey from industry body CISI says staff do not want fellow colleagues to cross the line

The Guardian - UK

City workers get double-digit wage rises while lowest-paid see 1% increase

Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases

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Tribune News Service

Ex-Brooklyn Center police chief sues city over resignation after Daunte Wright shooting

MINNEAPOLIS — Ex-Brooklyn Center Police Chief Tim Gannon has sued city officials, alleging that he was forced to resign for his refusal to immediately fire the police officer who shot and killed Daunte Wright during an April 2021 traffic stop.

Asharq Al-Awsat

World’s First Nonprofit City Lies in Saudi Arabia’s ‘Mishraq’

Following the big unveiling of the world’s first nonprofit city in Riyadh on November 14, the Prince Mohammed bin Salman Nonprofit City announced that construction had kicked off at its first zone, “Al Mishraq”. What is ‘Al Mishraq’? Al Mishraq will be the second largest zone in the city, and…

Liverpool Echo

'Not going to lie' - Fabinho makes Liverpool admission after Man City statement

Liverpool midfielder Fabinho has also explained how Roberto Firmino is helping Darwin Nunez settle after summer transfer

Evening Standard

It would be mad to sell our remaining stake in NatWest

City Comment: We should sit tight and wait for the divis to roll in

Evening Standard

City salaries rocket to £185,000 for newly-qualified lawyers in war for talent

Headhunter Robert Walters says the weak pound is a big draw for US law firms in London

The Independent UK

Chancellor promises post-Brexit ‘big bang’ for City in move to ditch EU finance laws

Bank of England uneasy over deregulation plans, as Nadhim Zahawi pledges to ‘unleash growth’

The Guardian - UK

Deregulation of the UK financial sector on top of a fragile economy will be disastrous

The government must face the reality that the oversized City is fundamentally broken, says Fran Boait of campaign group Positive Money

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