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The Latest Breaking News from City

Former NYC Covid czar attended sex parties while shaping pandemic guidelines

‘The only way I could do this job for the city was if I had some way to blow off steam every now and then,’ Dr Jay Varma can be heard saying in one clip

The Independent UK

Georgia A.G. Drops Frivolous Money Laundering Charges Against Cop City Bail Fund

The three defendants remain under indictment for racketeering, along with 58 others.

Reason

Fintech has transformed consumer finance; now Britain’s banks need to step up business banking

City Voices: London’s banks aren’t for the needs of modern business owners

Evening Standard

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Man City Brace For Inter Reunion As Akanji Fears 'Tough' Schedule

Manchester City are braced for their Champions League reunion with Inter Milan at the start of an expanded tournament that will be "so tough" for the 2023 winners.

International Business Times

Financial leaders and party insiders warn Starmer: we need less gloom, more optimism

PM told his downbeat tone risks putting off investors and that his conference speech must temper realism with hope

The Guardian - UK

Malaga warns shirtless tourists to cover up amid overtourism row

Posters in the city also ask visitors to not be ‘conspicuous’ out in public

The Independent UK

Labour is losing the big investors it is desperate to court

City Comment: Time for a concession to optimism

Evening Standard

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Lloyd's of London half-year profit up by £1 billion in boost for the City

London insurance marketplace’s exposure to Baltimore bridge disaster put at £500 million

Evening Standard

Banks warned over denying sex workers business accounts

FCA gives detailed guidance to lenders after hearing lack of access could lead to ‘significant harm’ for individuals

The Guardian - UK

London's pubs revival is in danger of unravelling

City comment: The margins of many hospitality businesses already thinner than a cigarette paper

Evening Standard

Thames Water asks to raise bills by £228 a year as regulators’ plan ‘not deliverable’ – as it happened

Live coverage of business, economics and financial markets as water company for southeast England says proposed cuts plan ‘is not tenable and renders our plan uninvestible’

The Guardian - UK

PwC fined £15m for failing to report suspected fraud at City firm

Fine is FCA’s first against an auditor and follows PwC being hit with £4.9m penalty over audit by another regulator

The Guardian - UK

English Premier League 2024-25: Match schedule, start times, teams, format

When does the Premier League start and who are the favourites? Who are the new player signings? Al Jazeera explains.

Al Jazeera

Limits on Carrying Objects in Marches Near Chicago Convention Aren't Unconstitutionally Vague

“[C]ourts do not use vagueness doctrine to establish a rule that government cannot regulate anything until it classifies everything.”

Reason

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Evening Standard

Rate of inflation rises to 2.2% in July in first increase this year

Government statisticians say the rise was mainly caused by gas and electricity prices

The Guardian - UK

Interest rate cuts expected after US and UK inflation reports – as it happened

UK inflation has risen to 2.2%, less than feared, while US inflation dipped to 2.9% last month

Evening Standard

London phone thief who stole 24 mobiles in single morning jailed for two years

The phone thief dropped some of his haul when officers knocked him off his bike in the middle of a busy road in the City

Evening Standard

UK economy may have been boosted by the 'Taylor Swift effect' in June, say City forecasters

Series of sell-out concerts and the Euros gave a welcome boost to Britain’s otherwise lacklustre output

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Wallpaper

At the heart of Sydney Metro’s expanded Central Station lies a spectacular new public space

The new extension to the Sydney Metro can now be accessed beneath McAslan and Woods Bagot’s monumental roof structure above the city’s historic Central Station

Evening Standard

Unesco to probe impact of high-rise developments on the Tower of London

Historic England has said plans to build tall buildings in the city represent a ‘real threat to the World Heritage Site status of the Tower of London’

The Guardian - UK

The City of London’s tallest skyscraper could look like a toilet seat in the sky – and that’s not even the worst thing about it

As more and more giant towers are squeezed in by developers, open spaces and natural light are becoming things of the past, says Guardian architecture critic Oliver Wainwright

The Guardian - UK

Two City firms team up to invest £20bn of pension funds in UK businesses

Phoenix Group and Schroders will target fast-growing green energy, windfarms, solar, property and small business

Evening Standard

Ibai restaurant review: City boy steakhouse shows the finger to culinary restraint

The lasting sense here is of a thoroughly impressive paradox: this is a bustling, Basque asador in a shiny, sprawled air hangar of a space

Evening Standard

OPINION - The London Question: Would you really queue 30 minutes for a £10 sandwich?

Last Sunday, the queue for Sandwich Sandwich, London’s latest “hype” restaurant, was about 70 people long and promised a waiting time of around 20 to 25 minutes. That translates into standing around for the best part of half an hour, in 27 degree heat, for a £10 sandwich, albeit one…

The Guardian - UK

Fear of a Truss repeat should not deter Reeves from rewriting spending rules

Labour has enough goodwill with City to increase debt if the money is used for key infrastructure

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