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
Category Archives: Business
Three reasons a weak pound is bad news for the environment
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.
South African teens skip school to chase risky crypto dreams
- 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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Social factors and geopolitical tensions are the major cause of disruption in the mining sector, with ESG the top focus
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
eBay Awards $500,000 to 2022 Class of Up & Running Grant Recipients
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
Huawei’s Smart Urban Rail Network Solution Is Unveiled at InnoTrans 2022
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
Mini budget 2022: experts react to the new UK government’s spending and tax-cut plans
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.
Mini budget: will Kwasi Kwarteng’s plan deliver growth?
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.
Women sacrifice their health to shield families from spiking costs
- Rising inflation is widening gender gaps, say charities
- Women report skipping medical care to feed families
- Campaigners sound alarm over government austerity measures
By Nita Bhalla
NAIROBI, Sept 22 (Thomson Reuters Foundation) – When the pain started in Agnes Wachira’s chest almost six months ago, the Kenyan mother-of-three dismissed it as a symptom of the daily grind of working long hours hand-washing clothes in the narrow lanes of Nairobi’s Kawangware informal settlement.
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Rise Start-Up Academy Opens Applications to FinTech Experts
Rise, created by Barclays – a global community of the world’s top innovators working together to create the future of financial services – has opened applications for the next cohort of the Rise Start-Up Academy. The theme for this cohort is specifically focused on supporting budding founders who find themselves out of their FinTech jobs due to the current economic climate. Continue reading