Category Archives: Business

06Oct/22

Banking in 2035: Trust, climate risks and geopolitical rivalry shape a purpose-driven industry, forecasts study

October 6, 2022FinanceAnalytics, Articles, Bank, Banking, Economic history of Italy, Economy, Impactadmin

As disruptive forces roil today’s financial sector, banking execs are scrutinizing the evolving role of banks in the most competitive market they’ve ever faced. What does the future hold? And how can they meet the challenges ahead to forge a brighter future – both for the industry and the greater world? Such is the focus of a new future of banking study, Banking in 2035: three possible futures, by Economist Impact and sponsored by AI and analytics leader SAS. Continue reading

04Oct/22

PwC announces record global revenues of US$50 billion

October 4, 2022FinanceBhutan Centre for Media and Democracy, Manitoba Provincial Road 272, PwCadmin

PwC firms around the world achieved gross revenues of US$50.3 billion – up 13.4% in local currency and 11.4% in US dollars for the 12 months ending 30 June 2022. Revenue growth was strong throughout the year, following the rebound in the last quarter of FY21 as the impact of the COVID-19 pandemic subsided. Continue reading

03Oct/22

Finastra research points to open finance progress

October 3, 2022FinanceFinance, Finastra, Money, Peek, Technologyadmin

Finastra today revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry has made around open finance and collaboration, despite the challenging market conditions of the last few years. Continue reading

03Oct/22

Three reasons a weak pound is bad news for the environment

October 3, 2022FinanceAlix Dietzel, Alvin Birdi, Articles, British Pound Sterling, Carbon tax, Climate change mitigation, Climate change policy, Creative Commons, Economic growth, Energy, Katharina Richter, Kwasi Kwarteng, Low-carbon economy, Nature, Richard Whitcombe, Russia, THE BANK OF ENGLAND, Ukraine, United Kingdomadmin

Katharina Richter, University of Bristol; Alix Dietzel, University of Bristol, and Alvin Birdi, University of Bristol

The day before new UK chancellor Kwasi Kwarteng’s mini-budget plan for economic growth, a pound would buy you about $1.13. After financial markets rejected the plan, the pound suddenly sunk to around $1.07. Though it has since rallied thanks to major intervention from the Bank of England, the currency remains volatile and far below its value earlier this year.

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26Sep/22

South African teens skip school to chase risky crypto dreams

September 26, 2022FinanceAsheer J. Ram, Bitcoin, Bitcoin Attackers, Brazil, Cryptocurrencies, Cryptography, Decentralization, Digital currencies, Economy, Facebook, JOHANNESBURG, John, Kenya, Kimberly Mutandiro Young South Africans, KwaThema Township, Langaville Township, Money, Nigeria, South Africa, Thandi Mbamo, Tiamo, TikTok, Tsakane Township, United Kingdom, United Statesadmin

Young South Africans see crypto as way to quick wealth
Poverty, high unemployment pushes them to crypto
Users not fully aware of risks, vulnerable to scams

By Kimberly Mutandiro

JOHANNESBURG, Sept 26 (Thomson Reuters Foundation) – John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin.
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26Sep/22

Social factors and geopolitical tensions are the major cause of disruption in the mining sector, with ESG the top focus

September 26, 2022EconomyBusiness, Companies, Ernst & Young, Mining, Occupational safety and healthadmin

ESG issues, geopolitics and climate change are the top three risks/opportunities facing mining and metals companies over the next 12 months, according to global mining leaders surveyed for the 15th edition of the EY Top 10 Business Risks and Opportunities for mining and metals in 2023. Continue reading

24Sep/22

eBay Awards $500,000 to 2022 Class of Up & Running Grant Recipients

September 24, 2022FinanceComputer architecture, eBay, eBay Inc., Operating systems, Software, United Statesadmin

eBay Inc. today announced the recipients of its third annual Up & Running Grant program, which was created in partnership with Hello Alice to support U.S. small businesses with the capital and resources they need to scale, grow and thrive online. Continue reading

24Sep/22

Huawei’s Smart Urban Rail Network Solution Is Unveiled at InnoTrans 2022

September 24, 2022TransportBerlin, Emerging technologies, Germany, Huawei, InnoTrans, Internet of things, Mobile telecommunications, Technology, Telecommunications, Wi-Fiadmin

InnoTrans 2022 took place from September 20 to 23 in Berlin, Germany. At this conference, Huawei demonstrated its innovative applications, practices, and achievements in smart rail construction and development. In the ” Digitalization of Rail Infrastructure ” exhibition area, Huawei showcased extensive smart urban rail solutions, including Wi-Fi 6 train-to-ground communications network, smart station, and smart inspection solutions. Continue road

24Sep/22

Mini budget 2022: experts react to the new UK government’s spending and tax-cut plans

September 24, 2022EconomyAndrew Burlinson, Anthony Barber, Articles, Boris Johnson, British Pound Sterling, Carbon tax, Catherine Waddams, Creative Commons, Donald Hirsch, Economic growth, Economic inequality in the United States, Economics, Economy, Fiscal policy, FX Spot Rate, Income tax in the United States, Inflation, Jean-Philippe Serbera, Jim Watson, Joe Biden, Jonquil Lowe, Kwasi Kwarteng, Phil Tomlinson, Philippe Serbera, Reaganomics, SHUTTERSTOCK, Steven McCabe, Supply-side economics, Tax, Tax cut, THE BANK OF ENGLAND, Thomson Reuters, UK Pound Sterling/US Dollar FX Spot Rate, UK Pound Sterling/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS, United Kingdom, United Kingdom cost of living crisis, United States, university of east anglia, Value-added taxadmin

Phil Tomlinson, University of Bath; Andrew Burlinson, University of East Anglia; Catherine Waddams, University of East Anglia; Donald Hirsch, Loughborough University; Jean-Philippe Serbera, Sheffield Hallam University; Jim Watson, UCL; Jonquil Lowe, The Open University, and Steven McCabe, Birmingham City University

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement.

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24Sep/22

Mini budget: will Kwasi Kwarteng’s plan deliver growth?

September 24, 2022EconomyCreative Commons, Deficit reduction in the United States, Economic growth, Economy, Economy of the United Kingdom, Government, Kwasi Kwarteng, Presidency of Barack Obama, Reaganomics, Steve Schifferes, Tax, THE BANK OF ENGLAND, United Kingdom, United Kingdom national debtadmin

Steve Schifferes, City, University of London

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade.

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Category: Business