The Latest Breaking News from City

New Orleans will be the site of the 71st Miss Universe contest, bringing together nearly 90 women contestants from around the world in January, the Miss Universe Organization said. “The City of New Orleans and the Miss Universe Organization share common values of celebrating inclusion, culture and the empowerment of…

The firm has seen its electricity and gas bills grow 125% to £18 million

City expert says ‘very bad’ figures suggest UK already in recession

‘Destination City’ events backed by £2.5 million budget to reinvigorate Square Mile

Champagne will be uncorked in Canary Wharf – and along with it, a clear them-and-us narrative, says Larry Elliott, the Guardian’s economics editor

Chancellor may lift EU-era restriction in hope of making UK more attractive to financial sector

Big paydays for the financial sector could be here again as the chancellor considers abolishing the bonus cap

The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary

Critics question chancellor’s idea of abolishing rules imposed after 2008 financial crash during cost of living crisis

He replaces John Glen who formerly presided over business in the Square Mile

A San Francisco woman whose DNA from a sexual assault examination was used by police five years later to arrest her in connection with an unrelated property crime, spurring a backlash and attempts to ban the practice, has filed a federal civil rights lawsuit against the city.