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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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UK 2.5 per cent pay rises indicate strong salary growth

April 25 ,2014 | by Hari Sri

UK 2.5 per cent pay rises indicate strong salary growth

New figures show that employers awarded pay rises of 2.5 per cent in the first three months of the year, thus matching the rate of inflation in Britain.

The UK economy may be on the road to recovery, but until now many British workers have seen relatively little improvement in their finances at the end of each month. However, new data from research firm IDSPay.co.uk shows that wages are finally beginning to keep up with inflation.

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UK government creates new role to support female entrepreneurs

April 24 ,2014 | by Sarah Parkin

UK government creates new role to support female entrepreneurs

The UK government has created a whole new position in the Department for Business, Innovation and Skills to champion female entrepreneurs.

Liberal Democrat MP Lorely Burt has been appointed by the Department for Business, Innovation and Skills (BIS) to encourage women who are starting out on their own and investigate ways in which the government can support them. A former prison officer at one of the UK’s toughest gaols, Burt, who used to run her own business, will now champion women who set up their own businesses.

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Microsoft could get rid of Nokia brand

Microsoft could get rid of Nokia brand

Microsoft stands primed and ready to take over Nokia, and it could be planning to do away with the famous brand name.

There was a time when virtually everyone carried a Nokia phone in their pocket. Popular models such as the 3210 and 3310 enjoyed large market shares. Almost everyone knew someone who had a Nokia device, at least in key markets in Europe and the US. But with Microsoft poised to take the company over, one of the most recognisable names in technology could be about to disappear.

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British Airways Plans to Use Garbage as Fuel

April 22 ,2014 | by Hari Sri

British Airways Plans to Use Garbage as Fuel

British Airways is planning to break new ground by running flights powered by rubbish. The airline is hoping to change the face of travel and improve its carbon footprint by running flights powered by landfill waste.

The company has announced that it is partnering with Solena Fuels to build a specialised facility that will convert rubbish into airline fuel – the first of its kind in the world. Due for completion in 2017, the plant will create up to 150 permanent jobs on top of the 1,000 workers who will be required to build the site itself.

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Disney Asian Operations Exit to Cost Pakistan $200m

April 18 ,2014 | by Hari Sri

Disney Asian Operations Exit to Cost Pakistan $200m

Disney’s decision to decamp from Pakistan to India and China could cost Pakistan millions. Why has the decision been taken?

It may have been rumoured for several months, but now that Disney has gone through with its plans to pull all sourcing operations out of Pakistan, the country is concerned about the damage that has been done to its reputation and finances alike.

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London Top Choice for European Businesses

April 17 ,2014 | by Sarah Parkin

London Top Choice for European Businesses

London is home to more companies’ European headquarters than any other city, according to new research from Deloitte. What keeps the capital so popular?

Most Londoners will say there’s something very special about the capital, but it seems that the world’s big businesses would agree with them. According to new research from Deloitte, London really is the business capital of Europe.

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China growth rate beats expectations despite slowdown

April 17 ,2014 | by Sarah Parkin

China growth rate beats expectations despite slowdown

China’s economy grew by 7.4 per cent in Q1 compared to the previous year, figures show. Though the country is experiencing a slowdown, it’s still beating expectations.

China’s growth rate has been the envy of developed economies around the world for years, but signs have emerged that it might be slowing down.

New figures show that the nation’s economy surpassed expectations and grew by 7.4 per cent year-on-year in the first quarter of the year. This is much higher than many Western economies – after all, the EY ITEM Club has forecast the UK will grow by 2.9 per cent

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EU plans high-frequency trading crackdown

April 16 ,2014 | by Sarah Parkin

EU plans high-frequency trading crackdown

New restrictions on high-frequency trading are planned in the European Union (EU), but analysts are divided on the proposals.

High-frequency trading is about to become subject to tough new rules within the EU. Policymakers are preparing to pass new legislation that will place some of the world’s strictest regulations on the practice, which uses computers and complex algorithms to monitor different markets at the same time and place multiple orders at once.

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UK earnings to surpass inflation: are people better off at last?

April 15 ,2014 | by Sarah Parkin

UK earnings to surpass inflation: are people better off at last?

Earnings are expected to increase faster than inflation when new figures are published this week. The squeeze on budgets in UK households is expected to show signs of easing when new figures are published.

Official data is expected to show that the average weekly earnings of a UK worker rose by 1.8 per cent in the three months up to February, Reuters reports. Since the last consumer price index (CPI) inflation measurements showed that prices had risen by 1.7 per cent, it seems wages are slowly beginning to rise in real terms.

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IMF points to Pakistan economy surge

April 15 ,2014 | by Sarah Parkin

IMF points to Pakistan economy surge

Pakistan’s economy has surged forward in the past few months, according to a recent report from the International Monetary Fund (IMF)

Pakistan’s economic performance is often overshadowed by growth in other emerging markets, but the IMF has recently said that the country is very much on the rise.

According to The Nation, IMF Pakistan Mission Head Jeffery Franks told Private TV last week that the IMF is continuing to approve loans because it has seen the benefits of the Pakistan government. He said that the government seems “resolved to introduce economic reforms”, which are sorely needed if the country

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Thomson Reuters Explores Business Opportunities in Iran

April 14 ,2014 | by Hari Sri

Thomson Reuters Explores Business Opportunities in Iran

Thomson Reuters has said it is in talks with the Tehran Stock Exchange about potential opportunities in Iran. Is this a sign of change in the country’s relationship with the world?

Iran has been a thorny issue for Western powers in recent years, but as sanctions ease on the West Asian country, it seems that companies are becoming more interested in where it could take them.

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Google Glass on Sale Tomorrow – What’s Google’s Goal?

April 14 ,2014 | by Hari Sri

Google Glass on Sale Tomorrow – What’s Google’s Goal?

Tomorrow, 15 April, will see Google make Glass available to more people than ever before, but what does it expect to achieve?

Google Glass is clearly one of the tech giant’s flagship projects, having been tested over the past few months and widely touted as one of the top contenders to become the future of wearable technology. However, up to now a relatively small numbers of early adopters have been testing the device and offering feedback to its makers. Next week, that pool of testers will be expanded again.

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European firms prefer dividends over re-investing in businesses

April 11 ,2014 | by Sarah Parkin

European firms prefer dividends over re-investing in businesses

New analysis shows that companies across Europe are looking more at paying dividends than reinvesting in their operations.

From the moment a company considers pursuing an initial public offering (IPO), they know they are ceding some control to shareholders who will want to see returns on their investment. But in some companies around Europe in particular, new research has found that paying shareholder dividends is taking precedence over reinvesting cash in the business itself.

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Understanding ‘Heartbleed’: the latest major online security threat

Understanding ‘Heartbleed’: the latest major online security threat

Millions of web users have been told to change all of their passwords as a result of Heartbleed. So what is it and why has it caused so much damage?

The notorious Heartbleed incident has caused major security panic and prompted companies to insist that web users change all their passwords. But it’s also left many users wondering where the problem has come from and how serious the damage is. So what is Heartbleed and how bad is the threat?

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Should you start saving for retirement now? Study says “Yes”

April 10 ,2014 | by Hari Sri

Should you start saving for retirement now? Study says “Yes”

A recent study has found that saving during your twenties alone can lead to a bigger pension pot than 40 years of contributions in later life. So when should you really start saving?

Saving for retirement during your twenties can earn you a better pension than 40 years of saving from ages of 30 to 70, according to a new study from research firm CLSA.

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Gender Pay Gap Debate Rages on ‘Equal Pay Day’ for Women

April 10 ,2014 | by Hari Sri

Gender Pay Gap Debate Rages on ‘Equal Pay Day’ for Women

8 April saw Equal Pay Day reopen discussion on the US gender pay gap. But how big is it really and what is being done?

This Tuesday was a symbolic day for American workers. 8 April supposedly represents the date until which a US woman would have to work to earn what the average man took home in 2013. Equal Pay Day, as it has become known in the US, has become a focal point for discussion about the gender pay gap which is still taking its toll, not just in the US but around the world.

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Nissan Signs UEFA Champions League Deal

April 09 ,2014 | by Sarah Parkin

Nissan Signs UEFA Champions League Deal

UEFA has agreed a multimillion pound sponsorship deal with Nissan for the Champions’ League up to season 2017-18.

The UEFA Champions League is one of the biggest tournaments European football teams will compete in and draws some of the biggest viewing and attendance figures in the world. It’s easy to see why major companies view it as a great sponsorship opportunity, a chance to spread awareness of their brands on one of the sporting world’s biggest stages.

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How Did Nigeria Become Africa’s Biggest Economy?

April 09 ,2014 | by Hari Sri

How Did Nigeria Become Africa’s Biggest Economy?

How did Nigeria nearly double the size of its economy last weekend?

Nigeria is often seen as a developing economy with lots of potential. It’s included in the unlikely combination of nations that make up the promising ‘MINT’ economies (Mexico, Indonesia, Nigeria and Turkey), but it has generally been thought it has much to do to catch up with Africa’s biggest economy, South Africa.

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VIDEO: Revolutionary Technology Speeds Up Learning by “Buzzing” the Brain

Researchers at Vanderbilt University in the US are developing technology that could increase the speed at which we learn.

The researchers, during the trials, ran mild electric current through the brains of volunteers to test the potential of this revolutionary new technology. Studying the results, the researchers were successfully able to demonstrate an increase in the rate at which the test volunteers were able to learn.

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Silicon Valley Accused of Ageism

Silicon Valley Accused of Ageism

An article published in New Republic has labelled Silicon Valley as a hotbed of ageism. Does the tech industry really believe that only young people can innovate?

We’ve all heard about the quest to improve female participation in the tech industry. Voices from within and outside Silicon Valley have called for more positive role models and action to encourage women to study science, technology, engineering and maths (STEM) subjects. But reports have emerged of a different form of discrimination that has taken hold of the tech sector. According to a recent exposé in New Republic, Silicon Valley’s brutally ageist.

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Legendary Late Show Host David Letterman to Retire

April 08 ,2014 | by Hari Sri

Topic: News

Legendary Late Show Host David Letterman to Retire

David Letterman has surprised fans by announcing he will retire from presenting his Late Show next year.

After more than 30 years of his CBS talk show, David Letterman is one of the most recognisable hosts in the world and the longest serving late-night host in television history. A great on the level of people like Sir David Frost and Sir Michael Parkinson, his show has been known for years not by its title the Late Show, but simply by his name.

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UK Car Sales Accelerate to Hit 10-Year High

April 08 ,2014 | by Sarah Parkin

UK Car Sales Accelerate to Hit 10-Year High

New figures from the Society of Motor Manufacturers and Traders show that new car sales are rising faster than they have in a decade.

When times are tough and the economy is sluggish, investing in a new car is rarely a top priority for many consumers. Second-hand options are usually more economical, and many will hold off purchasing a motor at all. But as new data from the Society of Motor Manufacturers and Traders (SMMT) shows, it seems things are finally picking up within the UK automotive sector.

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After Bumpy Start to 2014, World Bank Cuts China Growth Forecast

April 08 ,2014 | by Sarah Parkin

After Bumpy Start to 2014, World Bank Cuts China Growth Forecast

The World Bank has cut its growth forecast for China, but has its “bumpy start to the year” really made that much difference?

China is the world’s second-largest economy and for many analysts, it has the potential to eventually overtake the US to take the top spot. But with years of rapid growth behind it, fears have been mounting for some time that growth will slow and eventually stop impressing the world. This week, in a new report, the World Bank has cut its growth forecast for China from 7.7 to 7.6 per cent over 2014.

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RBS to Shut 44 Branches in the UK Down

April 07 ,2014 | by Hari Sri

RBS to Shut 44 Branches in the UK Down

Royal Bank of Scotland has disclosed that it has plans to close 44 of its branches around the UK, attracting widespread criticism.

Royal Bank of Scotland (RBS) is one of the banks to have borne the brunt of the public’s anger at the sector since the financial crisis. So when the taxpayer-funded bank announced earlier today that it plans to close 44 branches across the UK in response to a drop in branch transactions, customers were naturally unimpressed.

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