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The Latest Breaking News from City

Pity the City analysts trying to guess what happens next

City Comment: Predicting is difficult, especially for the future

Evening Standard

IFSC GIFT City | Financial hub, a work in progress

A subsidiary of the National Stock Exchange on Thursday introduced a facility by which Indian retail investors can directly trade in stocks that are listed on the U.S. stock exchanges. The NSE arm would invest the funds in those specific stocks against which investors would receive depository receipts in lieu…

The Hindu

Flybe: what is happening with the resurrected regional airline?

Birmingham and Belfast City will be the first bases, but there is no definite news on the route network

The Independent UK

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City comment: City firms must come clean about dirty cash not just cut links

A ring-round of London’s top law firms and consultants to ask about Russian clients yields some form of this answer: we are horrified by the war and worried about our people in the region. We’re reviewing our work with Russian clients and dropping at least a few.

Evening Standard

UK businesses and fund managers scramble to cut ties with Russia’s Kremlin-linked firms

British Gas, Total, and City fund managers in charge of trillions of pounds are rapidly dropping investments in Russia in response to Ukraine invasion

The Independent UK

‘A brutalist hanging gardens of Babylon’ – the maddening, miraculous Barbican hits 40

Conceived as a utopian city within a city, the labyrinthine London landmark had a troubled path on its way to being hailed as an architectural icon. But is this world-class arts centre now in danger of being turned into a shopping mall?

The Guardian - UK

The great decoupling: how UK-based firms are unwinding exposure to Russia

Oil companies and City and law firms are among many working round the clock to sever ties with Russian-owned businesses

The Guardian - UK

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What Manchester United players did during their days off ahead of Man City fixture

Manchester United's players have enjoyed some downtime ahead of Sunday's clash with Manchester City.

Manchester Evening News

UK law firms aiding Russian oligarchs could face penalties, No 10 suggests

No 10 warns City firms to ‘think very carefully’ before propping up those allied to Putin regime

The Guardian - UK

Labour rebels set to break party whip could become Liverpool's official opposition

An independent group of ex Labour councillors could overtake the Lib Dems as the city's official opposition

Liverpool Echo

‘Full-blown crisis’ in Russia sends shockwaves as oil, gas spikes and stocks sink

Sanctions on Russia announced over the weekend will ‘cripple international transactions’ and have left the City racing to map the fallout as Moscow plunges into crisis

Evening Standard

Londoner’s Diary: ‘City needs a reckoning over statues of slavers’

EDWARD COLSTON’s statue being dumped in the Bristol harbour was the defining moment of anti-racism protests in 2020, but a historian has suggested if it had been located in the City of London, the statue would never have come down.

Evening Standard

Markets shaken as Russia invades Ukraine: Gold, oil, wheat prices surge, stocks crash

War in Ukraine and the prospect of sanctions against Russia sent shockwaves through the City today, as investors braced for higher inflation and weaker growth.

Evening Standard

Fear new 20-storey student building could create 'aggressive wall' across Nottingham

It would be one of the largest buildings in the city

Nottingham Post

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The Guardian - UK

Gulf between public and private sectors lies behind UK pay growth reports

Analysis: official figures are fuelled by bumper City bonuses but many key workers still getting below inflation rises

Daily Record

Dundee named cheapest city for a night out while Edinburgh is one of the most expensive

Analysis reveals Dundee is the cheapest city in the UK to enjoy a night out, costing £25.35 on average.

Belfast Live

Illuminate Festival 2022: Traffic restrictions, road closures to avoid and council advice

Visitors can enjoy snapshots in time captured in a series of stunning digital animations, enhanced by live performance and music

The Guardian - UK

Binance access to UK payments network worries City watchdog

FCA says it has limited powers to object to Paysafe deal despite concerns about cryptocurrency platform

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Evening Standard

Some advice to bankers: don’t blow your huge bonuses on a Ferrari this year

As predictable as the changing of the weather, banker bonus season is always a source of outrage.

Evening Standard

Michelin star restaurants in London 2022: All the capital’s one, two and three star restaurants

Your must-eat list for the next 12 months landed this morning

Chicago Tribune

Following Patrick Daley Thompson’s conviction, pressure mounts for Mayor Lori Lightfoot to appoint an Asian American to replace him on City Council

CHICAGO — Leaders in Chicago’s Chinatown and beyond clamored Tuesday for Mayor Lori Lightfoot to appoint an Asian-American successor to 11th Ward Ald. Patrick Daley Thompson, whose federal tax fraud conviction this week could pave the way for the Near South Side enclave to have its first City Hall representative…

The Conversation

Addis Ababa yet to meet the needs of residents: what has to change

With an estimated population of more than 3.7 million people, Addis Ababa, the capital of Ethiopia, is home to about a quarter of Ethiopia’s urban population. The city generates well above 29% of Ethiopia’s urban GDP and 20% of national urban employment.

The Guardian - UK

The uncanny emptiness of the wealth-accumulating city: Jordi Barreras’s best photograph

‘This lone figure, overwhelmed by the scale of the buildings around her, was part of series about work culture and burnout’

The Independent UK

Colorado city settles suit in police shooting of Black man

The city of Colorado Springs has reached a nearly $3 million settlement in a civil lawsuit brought by the family of a 19-year-old Black man who was fatally shot in the back by police officers in 2019

Evening Standard

City comment: THG going private would be a final insult for IPO investors

You have to feel sorry for THG investors.

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