City London Financial News

Much as Citadel Securities is lauded for itsgenerosity and itsfine internships, people there do leave. And when they do, the strict covenants in its employment contracts can be challenging, not least because Citadel Securities polices them very aggressively.

To clarify from the start: if you work for HSBC in London or Hong Kong and you want the bank to pay for your nanny, it is not going to happen. Only some HSBC people get the nanny, and they are in India. But as perks make a comeback, it is something to aspire to.

S4 Capital Plc, the digital advertising agency run by industry veteran Martin Sorrell, fell as much as 30% on Monday to a record low after reporting disappointing sales figures and cutting its full-year guidance for the second time in two months.

The interim judicial managers of embattled crypto lender Hodlnaut have opposed the takeover terms from OPNX, a digital asset exchange associated with the founders of failed hedge fund Three Arrows Capital.

G20 summit. A report by PTI quoted Sharif as saying: “Today Pakistan's prime minister goes country to country to beg for funds while India has reached the moon and is holding G20 meetings. Why Pakistan couldn't achieve the feats India did.

UBS Group Chief Executive Sergio Ermotti said the bank will give investors an outline of its growth strategy early next year and signaled the direction of plans to grow in the U.S., as the lender progresses with the integration of Credit Suisse.

London | Britain’s auto industry has urged the government to dish out tax breaks or other incentives to encourage people buying electric vehicles (EVs), amid fears that consumer enthusiasm is on the wane.

Netflix gears up to release its enchanting romantic comedy, "Love is in the Air." This charming film, set to premiere on Thursday, September 28, 2023, whisks viewers away on an adventure where love blossoms against all odds. Explore the cast of this delightful rom-com that promises to tug at your heartstrings.

solar panels and controlling nuclear-fusion reactions—are all turning to AI in order to augment or accelerate their progress. The potential is enormous.

oil refiners are proving powerless to make enough diesel, opening a new inflationary front and depriving economies of a fuel that powers industry and transport alike. While oil futures are rocketing — on Friday they were just below $95 a barrel in London — the rally pales in comparison with the surge in diesel. US prices jumped above $140 to the highest ever for this time of year on Thursday. Europe’s equivalent soared 60% since summer. And it could get worse. Saudi Arabia and Russia have turned down the taps on production of crudes that are richer in diesel. On Sept. 5, both nations — leaders in the OPEC+ alliance — announced they would prolong those curbs through year-end, a period in which demand for the fuel usually picks up. “We’re at risk of seeing continued tightness in the market, especially for distillates, coming into the winter months,” said Toril Bosoni, head of the oil market division at the International Energy Agency, referring to the category of fuel that includes diesel. “Refineries are struggling to keep up.” The situation is challenging for a global refining fleet that’s been dogged by lackluster production for months. Searing Northern-Hemisphere heat this summer forced many plants to run at a slower pace than normal, leaving stockpiles stunted. There’s also been pressure on them to make other products instead like jet fuel and gasoline, where demand has rebounded hard, according to Callum Bruce, an analyst at Goldman Sachs Group Inc.

India Club in London, with its early roots in the Indian independence movement as a hub for nationalists and a home away from home for Indians in the country over the years, will close permanently on Sunday. With its walls adorned with photographs of prominent Indians such as former prime ministers, the Club's founding member was Krishna Menon — who went on to become the first High Commissioner of independent India to the UK.

Olivia Rodrigo, the pop star, has increased the number of shows for her Guts World Tour, just as she hinted earlier. She recently shared the news of 18 additional tour dates on her social media.

The federal government is summoning the heads of Canada’s major grocery chains to Ottawa this fall to begin discussions on a plan to lower food costs for Canadians, as inflation continues to impact grocery bills.

ET Startup Awards (ETSA) have stood out amid a crowded ecosystem and have gone on to become successful businesses. We look at a few of them from previous editions of the awards.Atomberg Technologies – Best on Campus (2019)

London Ont., will be the first recipient of money from the federal government’s $4-billion Housing Accelerator Fund (HAF).

By Dhara Ranasinghe and Chiara Elisei

By Ron Bousso and Shadia Nasralla

Now in their seventh year, the Investment Week Women in Investment Awards continue to have a vital role to play in helping accelerate the pace of change towards a more diverse and inclusive investment industry.  

red fire ants, one of the most invasive species on the earth and the fifth most expensive to combat, have reached Europe. With the scientific name of Solenopsis invicta, the red ants have their origin in South America. Their sting is ‘painful and irritating' and can cause pustules and allergic reactions. The stings can trigger potentially deadly anaphylactic shock.

Most Canadians are prepared to see home values fall, according to a new poll, suggesting some homeowners are willing to give up a bit of their own wealth to improve affordability for others.

leadership headed by Nawaz in London. Nawaz Sharif—who has been living in self-imposed exile in London since November 2019—was disqualified for life in 2017 by Pakistan Supreme Court for not declaring a receivable salary.