By Nicholas Earl The Competition and Markets Authority (CMA) has raised concerns over Baker Hughes’ proposed acquisition of Altus. The watchdog fears the deal could result in oil and gas operators in the UK facing inferior terms for well intervention s…
Crans Montana: skiing with Eddie The Eagle at the City Ski Championships
By Adam Bloodworth The annual City Ski Championships in Crans Montana is billed as an opportunity “to network, entertain clients and bond with colleagues surrounded by stunning mountain scenery”. In reality, the event is way less about networking and w…
Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors
By Leah Montebello Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses. FTX said the review of its global assets would “begin to maximize r…
Where to watch the world cup: Best London pubs for Qatar 2022
By Steve Dinneen The first winter World Cup is finally upon us. Here are our top London venues to watch it. VINEGAR YARD Vinegar Yard, located next to London Bridge station, is showing all the big games on its giant screen. Those who work in the area h…
Over 10m people at risk of exposure to record energy bills if Treasury cuts support
By Nicholas Earl Over 10m people in fuel poverty could be excluded from support packages for their energy bills, if they are restricted to just people in the benefits and pension systems, according to new research from a cross-party think tank. The Soc…
Tencent vows to ‘distribute’ $20.3bn Meituan shares to investors
By Louis Goss Tencent has vowed to give its shareholders $20.3bn (£17.4bn) worth of shares in Chinese food delivery firm Meituan as it seeks to reduce its holdings in China’s tech sector. The Shenzhen conglomerate’s “special dividend” comes as its sale…
London’s last dance? Night czar Amy Lamé talks clubs facing lights out
By Emily Hawkins Night czar Amy Lamé talks to CityAM about London’s nightlife facing lights out, the capital as a 24 hour city and feeling like a pandemic scapegoat. “Gosh, how long have you got?” Lamé says with a laugh, when asked what the biggest cha…
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China
By Ilaria Grasso Macola Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by …
Size matters: Why tiny Qatar decided it needed to host the World Cup
By Frank Dalleres Sport business and geopolitics expert Professor Simon Chadwick explains the economic, security-related and nation-building reasons why Qatar is hosting the World Cup. With the start of the men’s World Cup in Qatar imminent, fans are l…
Awful day for Ocado drags FTSE 100 into the red
By Jack Barnett London’s FTSE 100 today was dragged down by investors souring on middle-class favourite and online supermarket Ocado. The capital’s premier index fell 0.21 per cent to 7,369.44 points, while the domestically-focused mid-cap FTSE 250 ind…