Now, it appears the next step is to develop its reputation using its plentiful natural resources, as news has emerged the country is pushing its own oil minister for a leadership role in the world’s major oil organisation.
Manufacturing in the UK is still showing signs of recovery, after ONS figures shows industrial production on the rise again.
The UK economic outlook has been improving of late, with a series of reports showing that activity is firmly on the rise. New figures from the Office for National Statistics (ONS) published yesterday, 10 June, show that April was yet another positive month for the manufacturing sector in particular.
According to the latest Index of Production estimates, manufacturing output rose by 0.4 per cent in April from the previous month, marking the fifth month of expansion in a row. But the annual rate of growth was even more impressive at 4.4 per cent.
India’s new government has announced a huge economic reform in a bid to bring fresh growth to the nation.
India’s economy has been failing to win over its critics of late. Although it has been growing fairly steadily, expansion below five per cent a year has not been enough to lift many citizens out of poverty and the country has been demanding more.
Manufacturing actually contracted in 2013-14, for the first time in more than 20 years.
Barclays says it will roll out wristbands that can be used for contactless payments in the next few months.
It is no secret that wearable technology is one of the key research areas for many tech companies. From Google Glass to patents suggesting that Samsung is still working on a smartwatch design, businesses are seeking ways to make technology more personal than ever.
Recovering economies and low interest rates have pushed world shares to their highest ever levels.
World shares were close to their highest levels ever yesterday, 9 June, as low interest rates in key economies and moves towards economic recovery buoyed investor confidence.
A report from Reuters shows that MSCI’s 45-country All-World share index, an important benchmark for the performance of shares around the world, edged up 0.15 per cent to stand at 427.11 points. That was not far away from 428.63, the previous peak figure achieved before the financial crisis in 2007.
Instead of paying out extra to banks that deposit money at the ECB, calculated according to the base rate, institutions will now actually have to pay financial penalties relative to the size of their deposit. Given the sizes of the sums involved, it is likely the move could prove very expensive for some banks.
Two major foreign exchange suppliers, Travelex and the Post Office, have run out of Brazilian reals ahead of the World cup.
The World Cup is fast approaching, and with only a week left to go excitement is mounting within the UK and the rest of the world. It’s expected to pull in 3.7 million visitors to Brazil, just over half of whom will actually be attending events linked to the tournament.
UK government uses the Queen’s Speech to unveil pro-business measures for the coming year.
It’s one of the highlights of the Westminster calendar, when the Queen descends on the House of Lords to unveil the government’s plans for the coming session.
Behind the pomp and ceremony of the most glamorous event that takes place in the Houses of Parliament, decision-makers have been working tirelessly on a list of measures that David Cameron described as “unashamedly pro-business”.
Crowdfunding has grown considerably in the years since the financial crisis, and businesses are reaping the rewards of this alternative source of finance.
The years since the financial downturn have seen a considerable rise in the number of new businesses and self-employed people, both in the UK and around the world. Yet at the same time, low confidence and reluctance on the part of many banks to lend to riskier businesses has made it much harder for some small firms to obtain finance.
It is hardly surprising that companies have shown more and more interest in alternative forms of finance.
A new report shows that meeting the world’s energy needs could come at a much higher cost than most people might have imagined.
As the population grows and developing economies become more industrialised, the world’s energy needs are increasing every day. Yet governments are keenly aware that fossil fuels will run out eventually, and pressure is rising to make renewable energy more common and affordable.
But a new report from the International Energy Agency (IEA) indicates that meeting the world’s energy needs might be even more costly than we thought.
Apple has announced new cloud and messaging developments aimed squarely at some of its key competitors.
Apple has announced a raft of new features for its software platforms, all of which appear to be aimed at getting ahead of major competitors such as WhatsApp and cloud-based file-sharing service Dropbox.
Speaking at the Worldwide Developer Conference on 2 June, senior vice-president of software engineering at the firm Craig Federighi told the audience that the upcoming OS X update will include some significant additions to messaging and cloud services.
Consumers are turning away from cash to use other means of payment, data shows.
Cash has been the principal method of payment in the UK for centuries, but the advent of new technologies means that this is slowly changing.
According to figures published yesterday by the British Retail Consortium (BRC), shoppers in the UK are actually using less cash than ever before as they turn to alternative payment methods. In fact, the proportion of sales transactions conducted in cash declined by 3.3 per cent last year compared to 2012. As a percentage of total sales turnover, cash transactions slipped by 4.5 per cent.
Finance is at the forefront of an upturn in graduate recruitment this year, according to new figures.
It’s an anxious time of year for many students, as exams give way to the inevitable period of waiting before results are published. In spite of the career advantages that a degree can bring, too, many will also be worrying about finding their first job. But for those who are concerned about their employment prospects once they graduate, some good news has appeared over the horizon.
LSBF ACCA alumnus Kyle Tyrrell is the true personification of a high achiever. Alongside his position as a Finance Business Partner at AXA Insurance UK, he qualified as an ACCA-certified accountant in 2014 and is now setting up his own business – a catering company called ‘My Little Kitchen’ with a business partner.
Kyle shares with us that his ACCA qualification and the things he learnt while working towards the qualification have helped him greatly in his decision-making as a director at his startup.
Kyle also was one of the finalists of the PQ Awards 2014, in the PQ of the Year category.
We spoke to Kyle about his reasoning behind pursuing an ACCA qualification, the benefits of studying ACCA at LSBF and what his advice for new students would be.
Here are some excerpts from our conversation with Kyle…
Welcome to our news round-up for May 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.
Lloyds Banking Group has hired a top female executive as it pushes towards its goal of increasing female representation in leadership roles.
The group has continued with its plans to hire more women in senior roles last week, after it announced the appointment of another top female executive.
Mary Hall will become the new group audit director at the firm, one of its most senior roles. She will also become the second most senior women in the organisation after Alison Brittain, who runs the bank’s retail side.
Tien Thi Thuy Tran from Vietnam has always wanted to pursue her ‘dream career’ in finance. But before entering her undergraduate degree programme, she felt she needed to be better prepared.
Tien’s decision to study the LSBF Foundation Programme in Business in order to pursue a career in the financial sector has reaped rich rewards and she is now well set on moving towards her goal of one day becoming a financial advisor.
LSBF MBA graduate Emile Albert Lloyds has a high-flying career in the financial markets. After finishing his MBA at LSBF in 2010, he secured a job as an Investment Operations and Income Consultant a JP Morgan, one of the world’s largest financial companies.
Twitter founder Jack Dorsey’s payment platform startup Square has announced that it plans to start a credit service to give small firms and businesses, and SMEs in general, a boost.
The past few years have seen an explosion in alternative finance. As firms have been forced to look away from banks and traditional lenders for credit, the likes of crowdfunding and venture capital have shot up in popularity.
Now, mobile payments platform Square has announced it plans to start offering its own small credit service.
Continuing with our LSBF Alumni series, we spoke with LSBF ACCA Online student David Taylor.
David ,26, lives in Glasgow. After leaving school at the age of 16 he made the decision to go straight into full-time work as an accountant, planning to return to higher education at a later point in his career.
After finding himself with less and less time to spend in the classroom, he looked for study alternatives, discovering the perfect solution in LSBF’s online courses. These programmes, delivered entirely online, offered him the flexibility he needed during a particularly busy time in his life.
Vacancies for graduates in the UK are increasing, figures show, prompting an uptick in hires.
The past few years have been tough for graduates seeking their first roles after university. An increase in the number of people pursuing further study and an economic downturn that put businesses off hiring new staff has kept competition fierce, though it varies from sector to sector.
But figures released on 28 May show that hiring intentions are finally increasing for graduates.