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The Latest Breaking News from City

Peel Hunt feels the pain as flotation market sinks

The extent of the strife in the City was laid bare today when investment bank Peel Hunt reported a crash in profits as company floats dry up and clients fret about the global economy.

Evening Standard

Pound wobbles amid concerns for economy after Tory leadership vote

The City is braced for a tough summer as it weighs up Britain’s prospects

Evening Standard

Sterling takes a pounding as the City frets over Boris victory

Markets torpid and retail sales tumbling

Evening Standard

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New Haven's Removal of Columbus Statue from Public Park Isn't a First Amendment Violation

From Friday's decision by Judge Janet C. Hall (D. Conn.) in American Italian Women for Greater New Haven v. City of New Haven: [T]he Columbus statue is government speech and, as such, AIW has no cognizable free speech interest in it. Indeed, the Supreme Court has directly foreclosed such a…

Reason

City donations worth £15m raise concerns over influence on UK politics

Total donated to parties by financial firms and individuals tied to the sector over two years, report says

The Guardian - UK

Nottingham City Transport announce widescale schedule changes ahead of summer period

NCT revealed its passenger numbers are at around 80% of its pre-pandemic levels

Nottingham Post

Bumper City bonuses of pre-financial crisis are back, TUC finds

Calls for measures to rein in payouts as analysis shows record bonuses rising six times faster than average wages

The Guardian - UK

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City Football Group appoint Arsenal favourite Steve Bould as new Lommel SK manager

Steve Bould spent decades with Arsenal as a player and coach and has taken over at the Belgian side.

Manchester Evening News

LA is banning most gas appliances in new homes. Get ready for electric stoves

Citing the climate crisis, the Los Angeles City Council voted Friday to ban most gas appliances in new construction, a policy that's expected to result in new homes and businesses coming equipped with electric stoves, clothes dryers, water heaters and furnaces.

Los Angeles Times

Shanghai eases return to work, moves to support economy

Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

Reuters

City comment: London needs another wave of innovation like the post-2008 boom

The financial crisis birthed a generation of fintech innovators — what will the Covid crisis bring?

Evening Standard

Long lines hit Canberrans trying to pre-poll

More than a 45-minute wait at the City Moore Street pre-polling booths as Canberrans try to get in early.

The Canberra Times

Filing: Chicago 'two-faced' on acknowledging police abuse

Community leaders say the city of Chicago pursues a “two-faced” strategy of acknowledging an ugly history of police brutality in public while directing its lawyers to deny that legacy in court when victims sue

The Independent UK

Royal Mail shares crash as City fears a big fight with unions over pay

ROYAL MAIL today ramped up its cost cutting plans and said prices would have to rise, potentially setting itself on a collision course with already fractious staff and with the City.

Evening Standard

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Miami Herald

Yet again, Miami Beach ducks legal fight over law used to arrest people filming cops

MIAMI — Two months ago, Miami Beach’s city prosecutor told a court it would defend a constitutional challenge to a controversial ordinance used to repeatedly arrest people who were filming police officers on city streets. The much-anticipated legal showdown was finally set for Wednesday.

Evening Standard

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.

The Guardian - UK

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

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The Guardian - UK

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 Independent 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 Guardian - 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’

Reason

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.

The Guardian - UK

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

Chicago Tribune

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.

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