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The Latest Breaking News from City

Wealthy but worried: why the UK's top 10% are turning their backs on the rest of society

I feel fairly middle of the road and average, but objectively I know this is completely untrue. I am at the top of the income percentiles – though I also know I’m miles away from the very rich. Everything I earn goes at the end of the month: on school…

The Conversation

How 2023 became the year of the wine bar

A new wave of wine bars is taking the capital’s coolest postcodes by storm and slaking the thirst of younger drinkers. Ben McCormack takes a sip

Evening Standard

Hipgnosis fund sells $465m worth of songs as City doubts music investment model

Hipgnosis said it sold the tunes by artists like Shakira and Barry Manilow its share price didn’t reflect the value of the songs it owns

Evening Standard

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Judge blames Atlanta officials for confusion over 'Stop Cop City' referendum campaign

A federal judge overseeing the case involving Atlanta activists’ referendum effort against a police and firefighter training facility has accused city officials of moving the goalposts on the signature-gathering campaign

The Independent UK

Bank of England likely to raise interest rates again after fast wage growth, but it could be the last hike

Today, City financial markets were pricing in the likelihood of a further hike at around 75%

Evening Standard

OPINION - The London Question: Can pedestrians be put first for once?

Virginia Woolf had it right: “The greatest pleasure of town life in winter is rambling the streets of London”. Except for winter, read any season you like. I am a street walker. My most pleasurable route to work is to get a bus to Aldwych then to make my way…

Evening Standard

Ministers must ditch their anti-London mindset and back ‘roadmap’ for City growth

City Comment: The “roadmap for prosperity” offers a lot of opportunities. But will it be another well-intentioned document on the path to long-term decline?

Evening Standard

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Chicago’s Board of Ethics opened—then closed—a review of allegations against city treasurer

The ethics board doesn’t have the authority to investigate, and the case against Melissa Conyears-Ervin was closed. The Office of the Inspector General won’t say if it is conducting an inquiry.

Chicago Sun-Times

NatWest plays it safe with new chairman Rick Haythornthwaite

Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco

The Guardian - UK

London is a major reason for the UK's inequality problem. Unfortunately, City leaders don't want to talk about it

In recent years, there has been growing evidence that the UK economy is in poor shape. While the latest economic figures suggest it performed better as the COVID pandemic receded than was previously reported, the performance of sectors such as manufacturing, construction and agriculture has been revised downwards, leading some…

The Conversation

Philadelphia voters to decide measure on making Office for People with Disabilities a permanent part of the city charter

The Philadelphia City Council unanimously passed a charter amendment in June, referring it to the Nov. 2023 ballot, that would make the Office for People with Disabilities a permanent part of city government by making it a part of the city charter.

Ballotpedia

Thirteen-year wage dispute between NYC and Staten Island ferry workers set to end

Ferry captains, mates and engineers appear to be reaching deal after more than a decade without a union contract with the city

The Guardian - US

The City must not miss out on crypto

City Comment: The initial moves are likely to made in Dubai, Singapore or Abu Dhabi, but there’s a chance for London to grab global leadership

Evening Standard

Canberra's best restaurant of the year has been named

How many of these award-winning places have you been to?

The Canberra Times

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Evening Standard

City fears over Superdry grow as shares tumble

SUPERDRY shares resumed trading today after being suspended over an accounting snafu – and immediately plummeted.

The Guardian - US

New York City and state fight over foie gras ban

Mayor Eric Adams pushes for ban but animal rights activists say Governor Kathy Hochul is ‘in the pocket’ of the industry

The Guardian - UK

Superdry is still standing – but a turnaround from here would be a tall order

Co-founder Julian Dunkerton’s faith is undimmed despite £148m loss and City view that ‘execution risk remains high’

The Independent UK

City regulator analysing savings providers’ ‘fair value’ assessments

Following concerns that not all savers are getting good deals, the FCA required nine firms to provide assessments of what value their savings offer.

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Evening Standard

Trans activist Sarah Jane Baker found not guilty of encouraging violence with ‘punch a Terf’ speech

A transgender activist who told the crowd at a London Pride event to “punch a Terf” has been cleared of encouraging violence after telling a court it was a stunt for publicity.

The Guardian - UK

The Tories let the City run out of control. Now Labour plans to repeat their mistakes

Deregulation and financialisation cause environmental, economic and social harms – but the party aims to give finance even more power, says Mick McAteer, co-director of The Financial Inclusion Centre

Evening Standard

‘Long overdue’ City shakeup to boost growth firms and unleash investment in unicorns of tomorrow

New venue launched by JP Jenkins and Winterfloods for unlisted securities

The Guardian - US

A San Francisco official organized a ‘doom loop’ tour. It flopped in spectacular fashion

City commissioner who called the event a ‘satire’ has since cancelled the tour and resigned from his position

Evening Standard

Reports of Stock Market’s death are exaggerated

City Comment: Plans to reform the City are needed, but on the way

Evening Standard

Boris backer Lord Cruddas loses £33 million as City trading house CMC Markets warns on profits

CMC said it had seen “subdued market conditions” this month, with revenue set to be down 20% on last year

Evening Standard

Recession fears grow and interest rate expectations decline after surprise slump in output

Upon seeing the data, City markets immediately discounted the likelihood of a half-point ‘jumbo hike’ from the Bank of England next month

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