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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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”.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
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.Read more >>
Banks would appreciate further support from UK government for lending to small businesses.
Lending to small businesses by high street banks in the UK could do with being helped along by government backing, according to Keith Morgan, head of the British Business Bank (BBB).Read more >>
The top 10 most sustainable cities are dominated by those from Europe and the UK.
European cities fill most of the top ten positions in a list of the most sustainable cities in the world. Sustainability is crucial in the forward-thinking society that we live in.Read more >>
The Bank of England has decided on no change and kept interest rates at 0.5 per cent.
For the 71st consecutive month, the Bank of England (BOE) held off from action to keep interest rates at the historic low of 0.5 per cent. The bank also decided to leave the quantitative easing (QE) program unchanged.Read more >>
Startups in Tech City have been invited by Virgin Media Business to register their interest in a market trial for superfast broadband.
Virgin Media Business (VMB) has invited digitally deprived startups located in Tech City to put their names down to register their interest in a market trial for dedicated fibre connectivity.Read more >>
The UK is slowly becoming a nation of digital companies led along by the boom in London.
The UK is already well known for having one of the world’s strongest digital economies with a number of specialisms that range from artificial intelligence to video games development.Read more >>
A profit was posted for the first time since Starbucks opened in Britain 17 years ago.
The world’s largest coffee bar chain, Starbucks, made a profit in the UK for the first time since the franchise first opened a store in Britain over 17 years ago. Starbucks cited the improvement was down to a turnaround plan aimed at reducing store costs.Read more >>
Competition is expected to be fierce for the Shengjing Global Innovation Award prize money of $1 million.
The one million dollar Shengjing Global Innovation Award will be presented to one winner out of 20 startups from across the world, who will not only be competing for the prize money, but also the potential for venture capitalists and incubators to invest in their companies.Read more >>
Over 80 young women were invited to take a ‘look behind the scenes’ at BAE Systems.
BAE Systems’ Military Air and Information (MAI) business gave a behind the scenes tour of its Warton facility for a number of young female students, in an attempt to raise interest the number of women looking to take up apprenticeships.Read more >>
Telecoms group British Telecom will pay £12.5 billion to buy mobile operator EE.
In a move that will create a communications giant, the telecoms group BT has finalised a deal to buy the mobile firm EE for £12.5 billion after it announced in December that it was in talks to buy the UK's largest mobile operator.Read more >>
British firms started the year off surprisingly well according to services PMI data from Markit.
The UK’s economic recovery continues to grow in strength, as highlighted by the latest monthly service sector update from Markit/CIPS. The survey showed the services PMI reading rose higher than forecast to 57.2 in January, up from a 17-month low of 55.8 in December.Read more >>