Latest news with #CityOfLondon
Bloomberg
21 hours ago
- Business
- Bloomberg
New Push to Reframe DEI in London Shifts Away from Diversity
A new study aims to reframe the global debate surrounding diversity, equity and inclusion in the City of London by focusing less on demographics and more on hiring people with diverse experiences. The report, published on Monday by the Diversity Project — which focuses on inclusion in the UK's investment and savings industry — shows that having a wider variety of perspectives, backgrounds and skills can boost performances of investment teams.
Bloomberg
2 days ago
- Business
- Bloomberg
UK Vows Due Diligence on China Embassy Amid Security Concerns
The UK government promised to assess any security concerns related to the construction of a Chinese embassy near the City of London, an issue that could potentially complicate trade talks with the US. President Donald Trump has warned Prime Minister Keir Starmer against letting China set up a mega-embassy near the country's key financial centers, after the plan was revived following personal lobbying by President Xi Jinping, the Sunday Times reported. The issue has been raised in trade negotiations between the US and UK, according to the newspaper.
Daily Mail
3 days ago
- Business
- Daily Mail
Crunch talks with President Trump over a US-UK trade deal in doubt over new Chinese ‘super-embassy' in London, with the White House said to be 'very concerned'
Crunch talks over a UK trade deal with Donald Trump have been thrown into jeopardy by plans for a new Chinese 'super- embassy' in London, diplomatic sources have revealed. White House sources said the US Government was 'very concerned' about the risk the embassy posed to America's interests in the City as a result of Beijing 's spies potentially tapping into sensitive financial cables. As a result, Washington's trade deal negotiators are understood to have asked for a ' China lock' as part of the talks, which would guarantee the development will not present a security threat to the US. American officials are now also more concerned about the risk of sharing high-grade intelligence with Britain. A source said: 'The issue has led to undoubted tension during the talks. The British have been desperate to play down the concerns, even though their own intelligence services have made their worries clear.' It comes as British negotiators are racing to implement the trade deal struck in principle between Mr Trump and Sir Keir Starmer, which would exempt the UK from crippling steel tariffs imposed by the US President. No 10 controversially revived plans for the new development on the site of the Royal Mint buildings by the Tower of London, despite them being blocked by the previous government after warnings from MI5 and Scotland Yard. The Bank of England has also warned No 10 about the risks of allowing it to be built close to sensitive financial centres in the City. Mapping data shows that the proposed site for the embassy lies directly between financial hubs in the City and Canary Wharf and close to three major data centres, including the Stock Exchange. Earlier this year, The Mail on Sunday revealed that planning documents for the embassy included 'spy dungeons' – two suites of anonymous basement rooms and a tunnel, with their purpose redacted for security reasons. The Government has refused to disclose whether it is backing the plans in order to boost trading relations with the Chinese. Within a fortnight of Rachel Reeves returning from an official visit to China earlier this year, both Scotland Yard and Tower Hamlets Council mysteriously dropped their objections to the project. Shadow levelling up secretary Kevin Hollinrake has said the lack of information about the 'dungeons' was 'striking', adding: 'There is a chilling prospect that it could be used for the abduction, intimidation or torture of anti-Chinese dissidents living in the UK.' The Chinese have dismissed claims the embassy could be an espionage hub, saying: 'Anti-China elements are always keen on slandering and attacking China.' Intelligence activity by Chinese spies is said to be at an all-time-high in the UK, with agents believed to be eavesdropping on political figures by bugging buildings in Whitehall and park benches.
CTV News
24-05-2025
- Sport
- CTV News
Fans prepare to cheer on London Knights at 7th Memorial Cup
The city of London has teamed up with the Knights to host a free outdoor screening as the team competes for the Memorial Cup. CTV's Lauren Stallone reports.
CTV News
22-05-2025
- Business
- CTV News
Fewer events, lower attendance at Canada Life Place
A new report on Canada Life Place finances and attendance, shows a drop in numbers from the year before. The report indicates about 600,000 people attended events at the arena last year, down from nearly 700,000 in 2023. The arena also hosted 17-fewer events last year compared to the year before. According to the report, the city collected $100,000 from leasing Canada Life Place last year, and took in $140,000 from ticket sales. The venue, originally known as the John Labatt Centre, then Budweiser Gardens, opened in October 2002 with a seating capacity of 9,090 for hockey and ice events and over 10, 000 for concerts, family shows, and other events.
