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The Latest Breaking News from City

Four more rate hikes this year, warns City as inflation takes toll

THERE will be at least four more interest rate rises this year and a surge of insolvencies as inflation takes its toll on an increasingly shaky UK economy.

Evening Standard

Wait for deals continues at Vodafone as CEO Nick Read warns of inflation impact

Vodafone left the City disappointed today as it kept investors waiting for deals and warned of an inflation-driven slowdown.

Evening Standard

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

The Guardian - UK

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Sadiq Khan: London desperate for commuters to return after Covid

City’s mayor reopens Bank branch of the Northern line after 17 weeks of closure for upgrade

The Guardian - UK

Cutting City regulation risks another financial crash, say economists

Leading economists publish letter to Rishi Sunak in response to proposed financial services and markets bill

The Guardian - UK

Northern Line through City of London restored a day early

Exclusive: City Branch of the Northern Line started carrying on passengers on Sunday afternoon

The Independent UK

Boris Johnson says cheese and coffee can distract when working from home

PM calls for return to offices, saying it makes staff ‘more productive, more energetic, more full of ideas’

The Guardian - UK

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Is America's Primary Affordable Housing Policy Unconstitutional?

Pittsburgh-area developers argue in a new lawsuit that the city's requirement that they include affordable units in their projects is an unconstitutional taking.

Reason

Rishi Sunak to weaken City regulation in post-Brexit nod to Tory donors

Chancellor to get rid of EU regulatory regime in financial services sector and replace it with a UK-specific one

The Guardian - UK

With Roe v. Wade reversal expected, Mayor Lori Lightfoot pledges $500,000 for abortion access in Chicago

CHICAGO — The city of Chicago will spend $500,000 to support abortion access for residents and people from neighboring states in anticipation of Roe v. Wade being overturned, Mayor Lori Lightfoot announced Monday.

Chicago Tribune

Premier League need for Jurgen Klopp and Liverpool clear despite Pep Guardiola comments

In part one of his weekly ECHO column, John Aldridge discusses Liverpool's draw with Tottenham and why the Premier League should be thanking Jurgen Klopp

Liverpool Echo

New plans will see Mathew Street lit up with Beatles projections

Four projectors will be attached to buildings to provide new illuminations in famous city centre area

Liverpool Echo

West End mega merger of Shaftesbury and Capco gets mixed reception from the City

Merging the two firms could provide a boost to businesses in the West End as the area looks to recovery

Evening Standard

San Diego nets first conviction under new ghost guns ordinance

SAN DIEGO — San Diego recently netted its first conviction under the city’s ordinance barring anyone from having ghost guns, the City Attorney’s Office said Friday.

Tribune News Service

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Bristol Post

Bristol City player ratings vs Huddersfield: Massengo and Dasilva struggle in underwhelming game

All the ratings as the Robins' final game of the season ended in defeat with two first-half goals

Evening Standard

Hit to City bonuses as Square Mile faces severe slowdown

PROFITS and revenues crashed at City broker Numis, the latest sign that the Square Mile is facing a severe slowdown.

The Independent UK

John Claughton – WoLLoW

John Claughton left Oxford in 1979 with a double first in Classics and four cricket Blues. He was just what the City was looking for, and – after a brief dalliance as an “inadequate” professional cricketer at Warwickshire – walked straight into a job at Rothschild’s. Only problem was, he…

The Independent UK

Satanic Temple wants to raise flag outside Boston City Hall after Supreme Court ruling

The city was sued after refusing to fly the flag of Camp Constitution on the third pole at City Hall Plaza in 2017

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The Guardian - UK

Biggest boom in City bonuses for years risks driving up inequality, says IFS

Think tank says pay and bonus deals have risen by about twice as much as other UK sectors

The Guardian - UK

Staff at London law firm can work from home full-time – if they take 20% pay cut

Stephenson Harwood makes offer as more City companies weigh up post-Covid flexibility for employees

Tribune News Service

Kansas mayor urges end to violence after deadly weekend shootings

KANSAS CITY, Mo. — Kansas City, Kansas, Mayor Tyrone Garner decried violence Sunday after six people were shot Saturday night.

Football London

Mikel Arteta and Edu told why Arsenal must sign Gabriel Jesus this summer transfer window

The Arsenal Way speaks to Manchester City writer Alex Brotherton to dive deeper into the Brazilian's qualities

Evening Standard

Singapore buys £694 million Paddington stake

The city-state’s sovereign wealth fund is buying a majority stake in British Land’s Paddington development it bets on the revival of London offices

Evening Standard

City watchdog warns of cyber crime risk for new banks

Six of the top UK “challenger” banks have weak financial controls that leave them at risk of being victims of money laundering, terrorist financing, fraud and cyber-crime, the top City watchdog warned today.

The Independent UK

Philadelphia to end mask mandate, days after reinstating it

Philadelphia health officials say they're ending the city's indoor mask mandate, abruptly reversing course just days after residents had to start wearing masks again amid a sharp increase in infections

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