Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Reading financial news: The top 10 avoidable distractions November 16, 2021 | City Talk If you’re like me, you’re bombarded daily by financial news that screams for your attention. But a lot of what we read is either irrelevant, shallow, or incomplete and hence misleading and distracting from an investment perspective. I’ve identified the top 10 distractions, the kind of stories that have no value or insight and can be easily [...]
Bitcoin drops below $60k for first time in fortnight November 16, 2021 The cryptocurrency markets are down this morning, with the prices of both Bitcoin and Ethereum dropping almost 10% over the past 24 hours.
A global tax cartel with a minimum corporation rate will undermine Britain November 16, 2021 FOR the last fortnight, Glasgow has soaked up the attention of the world as we contemplate our future. But only days before, G20 leaders rubber stamped a deal that will determine much of our destiny: a global minimum tax. Rishi Sunak, who claimed to be squeamish about tax rises in his Budget, called these “seismic [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
The high streets of the UK need to be able to woo global shoppers to stay competitive November 16, 2021 Alongside true love and compound interest, habit is one of the most powerful forces. The familiar click of the Christmas lights brought people back to London’s streets last week, with 2.5 per cent more people treading down the high street. But with the pandemic came new habits and the fairy lights will be switched off [...]
Four Silicon Valley CAs on why its status as the world’s tech capital will remain unchallenged November 16, 2021 | City Talk The pandemic saw many tech companies thrive as the world went more virtual. Despite talk of a drift away from Silicon Valley, local CAs tell Ryan Herman why its status as the world’s tech capital will remain unchallenged. This article first appeared in ICAS’s CA magazine. For Ninos Sarkis CA, there was only one place [...]
On board the first post-Covid BA flight to the US November 15, 2021 What is the collective noun for a group of journalists? Google suggests “pack”, “herd”, “scoop”, and “crowd”. But the word that sprung to my mind while on the BA 001 flight to JFK, fourth glass of champagne in hand, was frenzy. A palpable excitement swelled inside our cabin as the Airbus A350 took to the [...]
Crypto market briefly surpassed $3 trillion mark after Bitcoin and Ethereum highs November 15, 2021 Data from CryptoCompare shows that the price of Bitcoin hit a new all-time high last week, close to $69,000 but failed to breach the $70,000 barrier.
TradingView sees UK memberships grow 442% during pandemic November 15, 2021 Investment website TradingView has today reported a 442% increase in UK memberships since the start of the pandemic.