LSBF Blog - Global Matters
E-commerce giant eBay has had to ask 128 million active users to change their passwords after it emerged that it had fallen victim to a cyber attack and its database had been compromised.
Since it emerged that many of the web’s biggest sites had been hit by the Heartbleed bug, potentially compromising a vast amount of personal data, web users have been even more concerned about where the next big data breach was coming from.
But on 21 May, eBay admitted that not even the e-commerce giant itself was immune, after it emerged that one of its databases was compromised during late February and early March.Read more >>
After a strong set of financial results, Burberry has announced that it plans to continue focusing on achieving growth in Japan.
Burberry has become one of Britain’s most recognisable luxury brands in markets around the world. But now that it has put a troubling few years behind it with strong financial results, it plans to continue seeking out overseas growth.Read more >>
A new body – Banking Standards Review Council (BSRC) – will monitor standards in the UK banking industry, it has been announced after Sir Richard Lambert’s report.
The past few years have been difficult to say the least for the banking industry. With the Libor-fixing scandal, mis-selling of payment protection insurance (PPI) on loans, million-pound bonuses and the headlines that came out of the credit crunch, public trust in banks has slumped and it is agreed by the majority that something has to change.Read more >>
The London Stock Exchange (LSE) could be set to buy Russell Investments in a deal worth as much as $3 billion – the biggest in the exchange’s history.
Few entities have had as much significance in global finance as LSE, which has played a central role in money markets for more than two centuries. But today it has announced its intentions to stay at the forefront of global finance, after entering into $3 billion talks to acquire Russell Investments.Read more >>
AstraZeneca has rejected what Pfizer says is its “final offer” in their ongoing talks to acquire the UK firm. What next?
AstraZeneca and Pfizer have been trapped in a stalemate for the past couple of weeks over the US pharmaceutical firm’s bid to acquire its Anglo-Swedish rival. But it seems the UK firm is determined to remain independent, having confirmed that it has formally rejected Pfizer’s final proposal for acquisition.Read more >>
Microsoft has established a huge accelerator programme to give promising new firms a headstart.
In the last few years the tech industry has been dominated by acquisitions. In the past few months Facebook has acquired WhatsApp and Oculus, Yahoo has been on a spending spree since Marissa Meyer took over and Googleapparently spent $17 billion in the two years to January – a figure which seemed huge until the WhatsApp deal.Read more >>
Carphone Warehouse and Dixons are to merge in a multi-billion pound deal, they have confirmed.
Two of Britain’s biggest retailers are planning a massive all-share merger valued at more than £3.7 billion. Carphone Warehouse and Dixons Retail have confirmed that they plan to establish a combined group known as Dixons Carphone PLC that will be equally owned by the shareholders of each of the two companies.Read more >>
Around a fifth of everyone who receives university education become millionaires, according to new figures.
When students decide to go to university, the chance to earn a higher salary thanks to their qualifications is often a big part of the appeal. But over the course of post-university life, the wealth earned from a degree might be more than they had expected.Read more >>
Students aiming to work in investment banking have to start planning their entry into the industry early – that’s the secret to a successful career according to Guy Hayward-Cole, Managing Director EMEA Mergers & Acquisitions at Nomura Bank International.
We recently spoke to him as part of the LSBF ‘Great Minds’ series during a visit to the school’s new London City Campus, in Billiter Street. Watch our interview of Mr Hayward-Cole here.Read more >>
Brazil’s elections are looming, and Twitter is using the opportunity to increase its foothold in Latin America through the power of social media.
Not only can it work against parties and politicians if they tweet a serious faux pas, but it can also be a powerful tool for communication and engagement.Read more >>
A woman now sits on the board of every FTSE 100 manufacturer, according to UK’s manufacturers association Engineering Employers’ Federation (EEF) – but there is still much work to do.
Female representation is improving slowly at the highest levels of UK business, but few would disagree that there is plenty more work to do. Manufacturing is one of the industries that have faced difficulties in attracting female talent over the years, but new figures from industry organisation EEF suggest that women are now more fairly represented on the boards of major players in the sector.Read more >>
Countries across Africa are seeing demand for technology rise, and Indian companies are making the most of the opportunities on offer.
Many of Africa’s key economies have huge growth potential, and an expanding base of businesses and consumers with money to spend has spurred a renewed wave of demand for technology.
Appropriately, other emerging economies are taking advantage of this rapid change – as reports from India’sEconomic Times demonstrate, some of India’s major technology firms are investing in operations across the continent.Read more >>
The title race for this year’s Barclays Premier League title went right down to the wire this weekend (May 11th). Liverpool fans might be disappointed to have just missed out on the victory, but it’s fair to say this season has been quite a ride for the Merseyside team.
As the club looks forward to next season and plots its path to victory, we look at some of Liverpool’s best-known managers and ask what they can teach us about leadership. How did they help to forge one of the dominant forces in English football?Read more >>
Malaysia’s government has said that its development goals are on track to become a high-income nation by 2020.
Malaysia’s goal to become a high-income nation by the start of the next decade is still looking achievable, according to a report published by the government on the progress of its Economic Transformation Programme (ETP).Read more >>
Marks and Spencer have joined the ranks of UK firms using the power of e-commerce to grow overseas.
E-commerce has made a huge difference to the fortunes of retailers around the world. Businesses that may not have got off the ground at all have found niche markets through online sales – and of course, some of the world’s biggest retailers, like Amazon and Alibaba, have made billions without a single physical store.
As more and more businesses realise that online sales are increasingly important for their survival, UK retailers are in a strong position to break into new markets overseas.Read more >>
Reports have emerged that China could be considering plans to build a high-speed rail link that stretches as far as the US.
The world is getting smaller as new technologies and infrastructure are put in place. But it seems that one journey could become a reality that many had never considered – travelling from Beijing to the US without the aid of a ship or an aeroplane.
According to Beijing Times, Chinese officials are currently looking at plans for a massive high-speed rail link project that would begin in north-east China, then reach up through Siberia and through a 125-mile tunnel beneath the Bering Strait.Read more >>
UK factory output grew at the quickest pace in nearly four years in the first quarter of the year, ONS data shows.
After positive news emerged about UK manufacturing earlier this week, the Office for National Statistics (ONS) has published the latest figures demonstrating improvement across the sector.
The most recent Index of Production showed that factory output rose by 1.4 per cent in the UK over the first three months of this year – higher than the 1.3 per cent increase that was predicted last month and the fastest rate of quarterly improvement since 2010.
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Apple could be set to acquire Beats Electronics for an eye-watering $3.2 billion, reports suggest.
Amid Facebook and Google’s recent flurries, Apple has mostly been conspicuous by its absence from the acquisition scene. But it seems that is about to change, since news has emerged that the tech giant is in talks to acquire Beats Electronics for the huge price of $3.2 billion (£1.9 billion).
That would represent the biggest acquisition in Apple’s history – Apple founder Steve Jobs was famously against such high-value acquisitions.
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Asian economies are growing fast and now they need the infrastructure to support their expansion.
Many of the world’s fastest-growing economies are located in Asia-Pacific. But as the region undergoes rapid development, demand for infrastructure to support continued expansion is reaching new heights.
These are the views of Ram Charan, an independent business adviser, who recently told Bloomberg that China will be home to at least 400 airports, while India will need a minimum of 100 additional facilities as growth continues.
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Rolls-Royce is selling some of its energy assets to Siemens for £785 million, it has been confirmed.
Siemens is solidifying its position in the energy market by purchasing assets from Rolls-Royce in a deal worth £785 million. The German company has confirmed that it will acquire the gas turbine and compressor business from Rolls Royce Energy in a transaction due to be completed by the end of the year.
But the deal will also have implications over the long term.
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Tourism and hospitality are both huge industries that can take you all over the world in a wide variety of roles.
Ultimately, that means that there is no single jobs market. If you’re looking to work in tourist attractions like museums and art galleries, competition is particularly fierce and you’ll need a different level of knowledge compared to working in theme parks or cinemas.
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Alibaba has officially filed for a stock market flotation that could prove the biggest tech IPO in history.
It’s been a long time coming, but e-commerce giant Alibaba has finally filed for its initial public offering (IPO) in the US – and it could make history when it eventually floats. Alibaba’s 6 May filing revealed that the company plans to raise around $1 billion (£589 million) from the flotation, but that is generally agreed to be a ballpark figure used calculating the different fees involved in listing the firm.
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With small and medium enterprise (SME) manufacturers reporting higher levels of optimism, the UK economy continues to show signs of picking up.
SMEs in the UK are reporting record levels of confidence, according to new figures from the Confederation of British Industry (CBI), contributing to a flurry of encouraging news on the nation’s economy. According to the latest SME Trends Survey from the business organisation, optimism is at the highest level among small manufacturers since records began in 1988.
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Amazon and Twitter have launched a partnership that allows shoppers to add products to their wishlists with a hashtag.
Amazon and Twitter have announced that they are teaming up for an initiative that could signal a new approach to online shopping. The companies have just revealed their #AmazonCart service, which will allow Twitter users to add items to their Amazon wishlists using that hashtag (or #AmazonBasket in the UK).
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New data shows that manufacturing kept growing last month, but construction fell.
Manufacturing kept growing in the UK last month, according to new data, but construction did not manage to equal its success.
The Markit/CIPS Purchasing Managers’ Index (PMI), published yesterday (May 1st), gave a score of 57.3 for the manufacturing sector in April, compared to a score of 55.8 obtained in March. That represented one of the strongest readings of the past three years – and since any figure over 50 indicates growth, it suggests that the UK’s manufacturers are performing well as the economy recovers.
Output jumped to
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