Whatsapp rolls out first wave of in-app digital payments June 15, 2020 Messaging platform Whatsapp today launched its first nationwide rollout of digital payments, starting in Brazil. Users will be able to send payments inside a Whatsapp chat to individuals or businesses in a similar way to attaching a picture or video to a message. The rollout follows an initial testing period in India two years ago, [...]
Taxation post COVID19 June 15, 2020 | City Talk Following global lockdown the UK went into defensive and offensive mode with the furlough scheme, loans and other government support for almost every business and sole trader. But that has seen a reasonably strong economic outlook disappear almost entirely for some businesses in the short space of 3 months. In turn this has resulted in [...]
Softbank invested in Credit Suisse funds financing its Vision Fund bets June 15, 2020 Softbank has reportedly invested over $500m (£399m) into Credit Suisse investment funds that made large bets on startups backed by the Japanese tech investment giant’s Vision Fund. Softbank invested in the Swiss lender’s $7.5bn range of supply-chain finance funds, the Financial Times reported, citing three people familiar with the matter. The funds are marketed by [...]
A green light for sustainable investments June 15, 2020 The aftershock of the Covid-19 pandemic will be felt by the economy and our financial markets for years to come, despite the encouraging signs of businesses beginning to open up. Friday’s figures revealed that the economy contracted by 20.4 per cent in April, while the Office for Budget Responsibility recently warned that the crisis could [...]
In volatile markets, big ideas are great; practical data is better June 15, 2020 | Sponsored As a trader starting out, at times the advice one reads can feel long on pithy maxims and short on useful advice. The coronavirus has spawned no dearth of “buy low, sell high” blog pieces offering well-intended tips that are ultimately too broad to be of much use. A quick Google search can tell you [...]
Stressed about your finances in the coronavirus pandemic? You’re not alone June 13, 2020 The coronavirus pandemic has brought about significant financial unease among UK workers, a survey has found. Two-in-five people who work for larger companies reported an increase in financial anxiety in the wake of the pandemic, according to Close Brothers research. Only 54 per cent of workers felt they were financially prepared for the crisis. Meanwhile, [...]
No more ‘Cinderella sector’ — we need to invest in further education for Londoners June 12, 2020 Like the rest of the UK, London’s economy has taken a body blow from Covid-19, with unemployment rising steeply and a widespread take up of the Job Retention Scheme (“furlough”). Some London industries have managed to stay active and engaged during lockdown, such as finance and business services, but a vast range — from accommodation [...]
Robinhood delays UK launch amid pandemic popularity June 12, 2020 Commission-free stock trading app Robinhood has pushed back its UK launch date after failing to meet its initial timeframe. The tech giant told customers on its UK waitlist today that it will now miss its original goal of a launch in early 2020, but committed to becoming available before the end of this year. “Our [...]
Is a virtual world the new norm for SME Accounting? June 12, 2020 | City Talk It does seem hard to apply a history lesson to this in such a strange time that we have seen over the last 3 months. However, if you look back over the last 30 years in accounting the trend would suggest that we have already made a huge leap to a virtual position from an [...]
Eight tips for nailing the remote job interview June 11, 2020 The world of job hunting has changed dramatically in recent months. In May, nine out 10 UK job interviews were conducted over a video or phone call. So with competition for jobs intensifying, here are my top tips to ace your next Skype, Hangouts or Zoom interview this summer. 1. Prepare your environment in advance [...]
