Apple Faces DEI Motion
Apple Faces DEI Activist Motion
Tomorrow will see Apple oppose a motion filed by the National Center for Public Policy Research. The motion calls for Apple to drop its DEI initiatives as they expose the company to lawsuits. Apple expects to defeat the motion as it interferes with the day to running of its business.
New City Rent Record
Banco Master, a not very well-known South American bank, has broken the record for City of London rents. The bank has signed a lease in 22 Bishopsgate for £122 per square foot. 2024 saw 17 new leases above the £100 mark as organisations seek modern premises to lure employees back to the office.
Delays in Singapore Fund Manager Times
Fund managers applying for a Singapore license are facing delays of up to nine months as the regulator tries to balance the demands of growing the wealth management sector with making sure the wrong people do not get through the door. The Monetary Authority of Singapore has taken steps to streamline the process as it strives to meet its deadline of 6 months.
UK Sets T+1 Deadline
The United Kingdom has set the 11th of October 2027 has the target date for cutting the time to settle stock and bond transactions. This is the same date as the EU which will shorten the settlement cycle to trade date plus one.