LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Snapchat seeks funding that values firm at $19 billion

February 20 ,2015 | by Thiago Kiwi

Messaging app Snapchat is reportedly seeking a new round of funding that would value the company at $19 billion.

The three-year old messaging app, Snapchat, is looking to become the world’s third-most valuable venture-backed tech company as it is said to be in talks for a new round of funding to raise as much as $500 million, which would value the Los Angeles firm at a staggering $19 billion.

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Samsung to rival Apple and Google in mobile payment with LoopPay

February 20 ,2015 | by Hari Sri

Samsung is looking to enter the mobile wallet race to rival Apple Pay and Google Wallet with its purchase of LoopPay.

Samsung has purchased the mobile wallet company, LoopPay, in what appears to be a move that will see the South Korean tech company take on Apple and Google in the digital wallet arena. The value of the deal has yet to be announced, but Samsung did hail the purchase as a move that will “accelerate the next wave of innovation in the digital smart wallet”.

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Citi promise $100 billion to battle climate change

February 20 ,2015 | by Erin O’Neill

The US bank Citigroup will commit $100 billion to tackle climate change over the next ten years.

America’s third-largest financial institution, Citigroup, has promised to invest $100 billion over the next decade to fund environmental projects and battle climate change.

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12 UK startups selected to pitch to investors at Downing Street

February 19 ,2015 | by Thiago Kiwi

Details have been released of the 12 startups that entrepreneurship showcase Pitch 10 will be taking to 10 Downing Street this year.

The finalists that made it through to this year’s Pitch 10 event have been revealed and twelve digital companies from all over the UK have been selected to pitch their businesses at 10 Downing Street later this month.

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UK’s first sustainable business park to be built in Kent

February 19 ,2015 | by Claire Payne

Planning consent has been granted for the UK’s first sustainable business park to be built in Kent.

Plans to build the UK’s first sustainable business park have been given the go ahead in Kent. The £40 million construction project is part of an overarching £120 million scheme to regenerate an economically deprived part of the UK and will transform the old Betteshanger colliery into a hub for business, sustainability and education.

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British economy needs more women entrepreneurs, says report

February 19 ,2015 | by Erin O’Neill

The UK economy could greatly benefit by further encouraging women entrepreneurs, according to a report from Lorely Burt MP.

More jobs would be created and growth would be boosted if women entrepreneurs played a bigger role in the UK, according to the findings of an independent report from Lorely Burt MP, the government's ambassador for women in enterprise.

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500 Startups plan $10m Thai investment fund

February 18 ,2015 | by Helen Gould

A new $10 million micro-investment fund in Thailand is about to be launched by venture capitalist company 500 Startups.

The notorious US startup investor and accelerator, 500 Startups, is looking to further extend its reach in Asia by preparing to launch a new $10 million micro-fund for Thailand companies, which is reported to be called the 500 TukTuks fund, according to TechCrunch.

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Accelerator Seedcamp week in London sees investments in 11 startups

February 18 ,2015 | by Thiago Kiwi

Seedcamp has invested in 11 startups following the accelerator’s event, Seedcamp Week, in London.

Europe’s largest pre-seed and seed stage accelerator, Seedcamp, has decided to invest in 11 startups from entrepreneurs that attended the Seedcamp Week event in London. Seven out of the 11 startups hail from the UK and six of the even are based in the UK’s capital.

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Virgin Media to invest £3bn in UK’s digital infrastructure

February 18 ,2015 | by Claire Payne

Virgin Media and its parent company announce plans for £3 billion network expansion in the UK.

The UK internet provider Virgin Media has announced plans to team up with parent company Liberty Global to invest a further £3 billion in private investment for its ultra-fast broadband network.

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Chinese fund to build £1 billion new financial district in London

February 17 ,2015 | by Hari Sri

Minsheng, the largest private investment fund in China, will develop a £1 billion new financial district in London.

China Minsheng Investment (CMI), the biggest private investment fund in the world’s second-largest economy, outlined plans on Saturday to develop a new financial district in London with a £1 billion investment in what will be the largest Chinese investment in the UK’s recent history.

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Japan recession ends as economy registers GDP growth

February 17 ,2015 | by Thiago Kiwi

Japanese GDP returns to growth in Q4 of 2014 and lifts the economy from recession.

The world’s third largest economy grew by 0.6 per cent in the final quarter of 2014 when compared with the previous quarter, putting an end to the economic contraction that had plagued the nation for the two previous quarters. On an annualised basis, the economy expanded by 2.2 per cent.

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Ed Miliband outlines plan to boost UK small business

February 17 ,2015 | by Helen Gould

Labour leader Ed Miliband’s outline of plans to boost small businesses gains backing of Lord Mandelson.

The leader of the UK’s Labour party, Ed Miliband, laid out his party’s plans on Monday to boost productivity in the UK, in a speech at a Jaguar Land Rover plant in Wolverhampton. Mr Miliband pledged to encourage growth through a series of boosts aimed at small businesses, while promoting better training and higher wages.

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Negative inflation likely in Britain, reveals Bank of England

February 16 ,2015 | by Hari Sri

Latest inflation report from the Bank of England forecasts negative inflation in the UK and the potential to cut rates further.

The UK is headed for negative inflation, growth forecasts have been upgraded, and the governor of the Bank of England (BOE) warns that rates could be cut further if downside risks prevail - the latest inflation report from the UK's central bank had it all.

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Perfect time for Britons to holiday in Europe, says Post Office

February 16 ,2015 | by Claire Payne

There’s no need to go very far for dirt-cheap holidays these days due to the rising pound and falling prices.

Low-cost holidays are available right on our doorsteps and you no longer need to jet-off east to find a pint for less than a pound. Well, that’s what we’re inferring after reading a new report by the Post Office Travel Money.

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Jamaica leads global women in business charts

February 16 ,2015 | by Erin O’Neill

Women empowerment in business takes centre stage in Jamaica as UN study reveals 60% of all managers are women.

Jamaican women have made big advances in professions once dominated by men, according to a new UN study. In fact, the report notes the Jamaica has the world’s highest proportion of female bosses.

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This Valentine's Day, let LSBF help you #FindYourPassion

February 13 ,2015 | by LSBF Blog Staff

Because we know how much you love Advanced Taxation...

Fall in love with the unexpected.

Valentine's Day 2015, let us as London School of Business and Finance (LSBF) help you #FindYourPassion.

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Asia registers record global business investment in 2014

February 13 ,2015 | by Hari Sri

A record £4 trillion was invested in business across the world in 2014, with much of it targeted at firms in Asia.

The total value of finance provided to businesses around the globe hit a record level in 2014, according to a report from Allen & Overy. Furthermore, there was a surge noted in investors lending to Asian businesses.

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Twitter to acquire talent business Niche for $30m

February 13 ,2015 | by Thiago Kiwi

Social networking giant Twitter is set to acquire social media talent agency Niche for $30 million.

Twitter has expanded its media ecosystem with the acquisition of the social media talent agency Niche in a deal that is expected to be worth at least $30 million in cash and shares. The value of the deal could possibly even go as high as $60 million if including employee-retention incentives, according to several media agencies familiar with the situation.

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BCC calls for pro-growth agenda to improve UK economy

February 12 ,2015 | by Claire Payne

The director general of the BCC outlined a plan to boost the economy for the British government.

Britain is poised to see long-term sustainable growth if the UK government makes the right decisions, according to John Longworth, the director general of the British Chamber of Commerce. In fact, the business energy and optimism that we are currently experiencing could build a “great future”.

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Emerging markets hold high earning potential for online media, says report

February 12 ,2015 | by Hari Sri

Online media companies should look to China, India, Russia, Mexico for high earnings potential, says EY report.

Emerging markets will hold some of the highest earning potentials for online media and entertainment companies as more of the world gains access to the internet, according to a new report from Ernst & Young.

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FinTech could be key to African aid

February 12 ,2015 | by Helen Gould

Aid in Africa could get a much needed revamp from advancements in FinTech.

Organisations have poured money into Africa, some private and others public, however the system is fraught with inefficiencies and obsolete practices. It’s no surprise then that for every £1 that makes its way into Africa another pound is spent on administration.

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UK GDP forecast to grow faster than anticipated

February 11 ,2015 | by Erin O’Neill

UK GDP growth forecasts for this year have been revised higher by the National Institute of Economic and Social Research.

The UK’s economy will expand by 2.9 per cent in 2015, according to research from the National Institute of Economic and Social Research (NIESR). The think tank made significant revisions to its estimates on GDP growth, raising its forecasts to just under three per cent from its previous forecast for 2.5 per cent of growth.

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British e-commerce trade surplus highest in the world

February 11 ,2015 | by Claire Payne

Britain comes top of the charts in online trade and e-commerce, with a surplus that is larger than any other nation in the world.

The UK’s trade balance in the e-commerce industry is bigger than any other nation in the world, according to research from OC&C strategy consultants in collaboration with Google. In fact, with a trade surplus of over $1 billion, the UK brings in the most money through online retailing in the world.

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UK tech sector to grow 4 times faster than GDP in 2015

February 11 ,2015 | by Helen Gould

Technology companies in the UK will grow four times faster than GDP, a survey from Barclays found.

A survey of chief executive officers and tech firm owners found that they expect their business to grow around four times more than the expected economic growth of the UK.

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Barclays launch apprenticeship scheme for over-50s

February 10 ,2015 | by Helen Gould

The banking giant, Barclays, is setting up an apprenticeship scheme for wannabe bankers that are over 50.

A new apprenticeship scheme is being launched by the well-renowned bank, Barclays, however it’s with a twist. If you’re thinking about becoming a banker, those that apply can expect to work their way from the bottom-up. But don’t expect a successful application if you’re fresh out of school, as this scheme is aimed at those aged 50 and over.

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