City London Financial News

CityPoint, a 36-story office building in London’s financial district, became one of the symbols of the financial crisis when a Beacon Capital Partners Inc. fund missed a payment on loans secured by the property just over a decade ago.

Joe Lewis, renowned as the owner of the prestigious Tottenham Hotspur soccer club in London, now faces serious legal troubles in the United States. Federal prosecutors in New York have levelled charges of insider trading against the 86-year-old mogul. The indictment alleges that Lewis disclosed confidential information from companies in which he held substantial investments to his inner circle, including personal pilots, assistants, and romantic partners. As the founder of investment firm Tavistock Group, Lewis is accused of committing 16 counts of securities fraud and three counts of conspiracy, spanning a period from 2013 to 2021. With a staggering net worth of $6.1 billion, according to Forbes magazine, Lewis' reputation as a high-profile billionaire magnate has been tarnished by these grave allegations. As the legal proceedings unfold, the outcome remains uncertain, and Lewis's financial empire and soccer club ownership could potentially be impacted.

British billionaire Joe Lewis, the owner of the Tottenham Hotspur soccer club in London, has been charged with insider trading in the US. 

(L-R): Mike Webb and Tom Carroll

Global stock markets are lower after Wall Street hit a 15-month high ahead of what traders hope will be the Federal Reserve’s final increase in this interest rate cycle

Tata Group is set to make one of the most visible changes to Air India since the conglomerate took control of the airline last year — the iconic Maharajah mascot will no longer be central to its brand identity. The change is part of a wider brand refurbishment strategy which has been in process since last year. «Air India wants to become the carrier of choice for people flying in and out of India.

The City is at a crucial turning point for investors.

The extreme heat blanketing the southern regions of the U.S., Mexico, and Europe this month would have been nearly impossible without the warming effects of human-induced climate change, according to a study released Tuesday by a group of European scientists who carry out rapid assessments of extreme weather events. The study by World Weather Attribution, a group of researchers based in London and the Netherlands, found that three separate heat waves in July across the Northern Hemisphere were made much worse because of decades of fossil-fuel emissions that have raised the planet’s average temperature by 2 degrees Fahrenheit since the late 19th century.

New Delhi: Astus Limited, a media trading company, has set up an independent office in India which will be headed by Sparsh Ganguli, who was the former business head for Matrix Publicities and Media India Pvt Ltd. He has also worked for other agencies and media houses like Star, Sony, BAG Films.

Web3 cybersecurity startup Zyber 365 said on Tuesday that it has raised $100 million at a $1.2 billion valuation from UK-based SRAM & MRAM Group. The company, founded in May this year, is headquartered in London with an operational base in India. Zyber 365 plans to make India the hub of its operations, it said in a statement.

Numis found that confidence about the London Stock Exchange’s competitiveness as a capital markets hub versus rival exchanges is improving.

Michael Stanley has been director of ETP product development since March 2021.

Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency. «We note the launch of WorldCoin in the UK and will be making further enquiries,» a spokesperson for the Information Commissioner's Office told Reuters.

Aditi Tripathi, a 10-year-old girl of Indian origin residing in London, has achieved what many can only dream of—visiting 50 countries before reaching double digits in age. Aditi's impressive adventure began at an early age, courtesy of her accountant parents, Deepak and Avilasha Tripathi, who were determined to provide their daughter with an unparalleled global experience. While many parents might worry about the impact on education, Aditi's parents masterfully balanced both worlds.

Ørsted originally owned a 50% stake in Array and divested the first 25% in 2014 to global investment group CDPQ for £644m.

China's Foreign Minister Qin Gang has not been seen in public for almost a month, sparking a flurry of questions over his whereabouts. Here's what we know so far about the disappearance of one of China's most senior diplomats: — Who is Qin Gang? — Qin, considered a confidante of President Xi Jinping, was appointed foreign minister in December 2022. The 57-year-old spent several years at the Chinese embassy in London and is a fluent English speaker.

Biden has represented her country at the Olympics in Tokyo, a king's coronation in London and a royal wedding in Jordan. She gets another chance to put her ambassadorial skills to work this week when the United States formally rejoins a United Nations agency devoted to education, science and culture around the globe. Biden was arriving in Paris early Monday after flying overnight from Washington to join other VIPs and speak at a ceremony Tuesday at the headquarters of the United Nations Scientific, Educational and Cultural Organization.

Reliance Industries, India's most valuable company, may decline on Monday after the company's June quarter results fell below the estimates of a section of the market. The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

Paris | Last month, Macquarie boss Shemara Wikramanayake went to Italy with a large pair of scissors. Her mission: to cut the ribbon at the company’s newly leased office in Milan, where the group’s investing and deal-making has stepped up a gear.

England's bid to force a series-levelling win in the fourth Ashes Test against Australia was left hanging by a thread as rain continued to keep the players off the field on Sunday's final day at Old Trafford. A heavy overnight downpour left the outfield sodden and meant play was unable to start as scheduled at 11:00 am (1000 GMT) in Manchester. But with hardy spectators still sheltering beneath umbrellas, ground staff began removing the covers at 1045 GMT as mopping-up operations got underway.

Blockchain-based digital payment network Ripple has applied for a crypto license in the UK and Ireland after its partial win against the US Securities and Exchange Commission.