LSBF Blog - Global Matters

Singapore and Hong Kong compete to be Asia’s top financial market

October 21 ,2014 | by Sarah Parkin

Singapore and Hong Kong have much in common, but they are also competitors in Asia’s financial system.

When you think of finance in Asia, there are a few distinct locations that spring to mind. Tokyo and Shanghai are among the most well-known, but by far the most influential on the global and regional stages are Hong Kong and Singapore.

The two jurisdictions have a lot in common in many respects. They’re small cities that punch well above their weight in the global financial landscape, commonly used as bases for businesses looking to invest or expand into key Asian markets. Both have strong links with China, as well as with other key emerging economies across Asia-Pacific.

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City of London employment hits record highs

October 21 ,2014 | by Hari Sri

Employment in London’s finance sector is at a record high, according to figures from TheCityUK.

Positive news has been appearing for some time on the UK financial services sector, with data suggesting that new business confidence is pushing demand and employment higher. But new figures from TheCityUK indicate that the City is well and truly back on its feet.

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Europe’s top tech startups showcase talent in London

October 21 ,2014 | by Thiago Kiwi

TechCrunch has launched its Disrupt Europe conference in the capital, highlighting some of Europe’s top tech talent.

TechCrunch opened the European leg of its Disrupt conferences in London last weekend, highlighting the capital’s top tech startups and the huge amount of potential both in the UK and Europe as a whole. Here are just a few of the events that will make this celebration of European tech one to remember for London.

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500 banks sign up for Apple’s new mobile wallet service

October 20 ,2014 | by Thiago Kiwi

Apple says that over 500 financial institutions have signed up to its new payment service.

When Apple launched its new mobile wallet service last month, it would have been easy to lose sight of it in the furore over the tech giant’s long-awaited smartwatch. But it’s a major innovation in its own right that will finally introduce near-field communication (NFC) payment technology to iPhones and iPads, as they have existed in some Android models for some time.

The world of finance clearly agrees, since Apple says that its new mobile payments service has already seen more than 500 separate banks and financial institutions sign up.

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Why should entrepreneurs consider going to university?

October 20 ,2014 | by Sarah Parkin

Aspiring entrepreneurs should consider joining business societies while they are at university, says Canadian entrepreneur Emerson Csorba.

For a lot of students, the beginning of the year comes with plans to join all manner of societies. From choirs to sci-fi clubs, film societies and sports teams, there’s really no limits to the variety of extracurricular activities open to them. But for undergraduate and postgraduates alike with an interest in business, entrepreneurial societies should be at the top of the list.

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More jobs as UK unemployment reaches lowest level since recession

October 17 ,2014 | by Thiago Kiwi

Unemployment is declining faster than expected, figures from the ONS show.

Unemployment is still falling as the UK’s economy continues with its growth phase, according to the latest data published by the Office for National Statistics (ONS).

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Online education may become the norm in 2030, new survey suggests

October 17 ,2014 | by Hari Sri

A survey has found that experts believe traditional classrooms could be a thing of the past by 2030.

Education is undergoing major change, not just in the UK but worldwide. As technology evolves and learning itself becomes ever more globalised, new teaching methods have become the norm. Yet an entirely different form of education is also on the rise – and the growth of online learning shows no signs of slowing down. In fact, a recent survey suggests that e-learning could well become the norm.

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Growth attracts international talent into the UK job market

October 16 ,2014 | by Hari Sri

Recruiter report claims that skills gaps in the growing UK job market are attracting foreign talent.

The UK’s economic recovery is the envy of many other countries. While even some developed economies are struggling to get back into a growth phase, workers from around the world are increasingly looking to the UK for a fresh wave of opportunities. They’re also helping to fill the skills gaps exposed by fresh demand.

According to one expert, talent from struggling economies elsewhere are flocking to the UK to continue this trend.

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Education needs business backing, says London Mayor Boris Johnson

October 16 ,2014 | by Thiago Kiwi

The education sector needs more support from businesses through fresh investment, says Mayor of London Boris Johnson.

The Mayor of London has encouraged businesses to commit to offering more and better support to the education sector.

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London sees job vacancies leap by 52% in one year

October 15 ,2014 | by Hari Sri

London has seen a sharp rise in job openings and applications as the labour market gets back on track after the summer.

The summer months are normally a quiet period in the job market, as employers and job-hunters alike take time off and August in particular sees a lull in recruitment activity. As new figures from CV Library show, in London the labour market is back on track now that autumn has arrived.

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Startups: the investments keep coming

October 15 ,2014 | by Sarah Parkin

BSkyB is just one of the big investors injecting cash into promising startups as the outlook for tech entrepreneurship grows in optimism.

Considering the pace of growth among some of the world’s most promising startups, it’s hardly surprising that investors are looking for the next big tech phenomenon. In the past week alone, some major rounds of financing have been announced that show venture capital is still flowing into these promising firms.

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Amazon creates another 1,000 jobs in Britain

October 15 ,2014 | by Thiago Kiwi

Amazon’s impressive growth is continuing with new jobs being created in its UK distribution centres.

Amazon has invested more than £1 billion so far in making its operations in the UK a success. Both here and worldwide, it’s become such a significant part of the retail landscape that it’s hard to imagine shopping without it – and with Christmas looming on the horizon, it’s guaranteed to see a huge spike in demand.

However, Amazon is also planning for longer term growth in the coming months.

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Twitter users in France can now ‘tweet money’

October 14 ,2014 | by Hari Sri

Twitter has teamed up with a French bank to allow users to transfer money by tweet.

Apple recently announced its Apple Pay service for the new iPhones. Facebook is rumoured to be developing apayment system for its Messenger function. Now, Twitter is catching onto the payment revolution by offering users in France the chance to transfer money by tweet.

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Exports to comprise half of all SME revenue by 2019

October 14 ,2014 | by Thiago Kiwi

A new report from DHL has highlighted the huge potential of exports in helping SMEs grow.

Small and medium-sized enterprises (SMEs) are the driving force behind most world economies, but international trade could well be the most important element in giving them the boost they need. According to a new reportconducted by the Economist Intelligence Unit by logistics and delivery firm DHL Express, overcoming global barriers could lead to a significant change in the way small firms draw their revenue.

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Access to finance will enhance entrepreneurship opportunities

October 14 ,2014 | by Sarah Parkin

Entrepreneurs find that access to finance is still the biggest barrier to succeeding in business, a study has shown.

The UK has a strong base of entrepreneurs setting up new businesses every day – and small and medium-sized enterprises are the lifeblood of the nation’s economy. Yet according to a new study from EY, there are still obstacles holding them back from setting up and growing their businesses.

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British Chambers of Commerce calls for export boost for businesses

October 13 ,2014 | by Hari Sri

The British Chambers of Commerce has called for more concerted efforts to find solutions to challenges facing would-be exporters in the UK.

The head of one of the UK’s most influential business organisations has voiced his support for further efforts to promote exports from the UK.

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UK SME confidence levels are at their highest in 4 years

October 13 ,2014 | by Thiago Kiwi

New figures show that small businesses in the UK are at their most confident in as long as four years.

Small and medium enterprises (SME) are more confident than they have been for four years, according to new figures.

The latest version of the annual Sage Business Index shows that SME confidence about their own prospects reached a score of 66.29 – 3.74 points above the score in 2013 and the highest for four years. Since that goes back to 2010 when the effects of the financial crisis were still being felt far more keenly than they are today, that’s a very encouraging statistic.

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New data points to further job growth in the UK

October 10 ,2014 | by Hari Sri

The UK job market is going from strength to strength, according to data from a number of recent surveys.

Employment is continuing to rise across the UK, as a fresh batch of surveys have pointed towards even better times to come for Britain’s labour market.

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Great Tech Expedition: UK startups showcase achievements in the US

October 10 ,2014 | by Thiago Kiwi

The Great Tech Expedition has taken some of the UK’s best new tech businesses to showcase their achievements in the US.

The UK has been building a reputation as a leading technology hub in the past few years. Recently new figures were published indicating that London tech firms has attracted record levels of venture capital investment, as testament to the high potential of some of the nation’s most promising young firms. An ambitious trade mission has taken a few of Britain’s most promising firms to the US to show off what makes them so special.

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UK improves female representation on company boards

October 10 ,2014 | by Hari Sri

Europe’s boards are slowly becoming more diverse, a new study shows – and the UK is gaining ground.

The UK has been taking steps to improve female representation on company boards for years. Although progress is slow – as it often is when businesses are expected to affect cultural and practical change – the proportion of women sitting on boards is steadily rising. As a new study shows, Britain is gaining ground against the rest of Europe as a result.

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“Just do it”, says Richard Branson to young entrepreneurs

October 09 ,2014 | by Hari Sri

Virgin boss Sir Richard Branson has told young people who want to set up their own businesses to go for it.

Sir Richard Branson’s name is one of the best-known in the world. Along with the likes of Warren Buffett, Bill Gates and a few others, he’s one of the most recognisable ambassadors that the business world has – so famous that he transcends his Virgin Group empire.

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UN and EU to create support network for startups and SMEs

October 09 ,2014 | by Sarah Parkin

United Nations Industrial Development Organisation (UNIDO) director-general Li Yong has said the United Nations (UN) and the European Union (EU) should work together on better support for SMEs and startups.

Small and medium-sized enterprises (SMEs) are the engines of economic growth in most countries, and they almost always account for the vast majority of jobs. As several of the world’s major economies struggle to get back into recovery mode, and many developing nations seek opportunities for new growth, offering extra support to small businesses is likely to be an important economic tool.

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Jimmy Choo IPO could value luxury shoe maker at $1.1 billion

October 08 ,2014 | by Sarah Parkin

Shoe retailer Jimmy Choo could float on the London Stock Exchange at a valuation of $1.1 billion.

Jimmy Choo is one of the world’s most recognisable fashion brands, with fans around the world who clamour for its most high-end shoe designs. When it hits the stock market next week, it is hoping that investors will be every bit as excited.

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Job market strengthens as young entrepreneur numbers rise in UK

October 08 ,2014 | by Hari Sri

Record numbers of younger people are setting up their own companies, a new study has found.

In an era where youth unemployment remains higher than the overall jobless rate, it might not be surprising that many younger adults are losing faith in the job market. Even though employment has been rising and the UK economy is well on its way to recovery, a growing number of young people are finding new ways to make a living by taking the plunge and setting up their own businesses.

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London hosts Europe’s first property tech accelerator for startups

October 08 ,2014 | by Hari Sri

Property tech has got its first dedicated accelerator scheme in Europe – and London is the host.

Lots of attention has been paid recently to London’s fast-growing tech sector, and financial technology (fintech) has led the pack. It makes sense, considering the fact that London remains one of the world’s leading financial centres.

But with the London property market growing rapidly, it may not be surprising that property tech is also on the rise in the capital. In fact, a new initiative aimed at giving the sector a welcome boost has just been launched.

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