Average inflation targeting: what is it and what does it mean for investors? September 15, 2020 Late-August saw the Federal Reserve (Fed) hold its keenly-watched annual Jackson Hole Economic Policy Symposium. Against a backdrop of the huge global uncertainty engendered by Covid-19, the focus on the conference was sharp. Central banks have implemented further substantial policy measures to limit the damage from the Covid-19 lockdown and maintain financial stability. Nonetheless, at [...]
A regulated journey in the cryptoasset world September 15, 2020 Throughout Archax’s journey to create a regulated, global, digitally-native exchange, we have been constantly monitoring the evolution of regulators and regulations throughout the world of cryptoassets – and when we say ‘world’ we literally mean it, as it is a global evolution that is taking place. Any business seeking to operate in this new, exciting, [...]
Sajid Javid backs plan to end furlough scheme in October September 11, 2020 Former chancellor Sajid Javid today offered his support for ending the furlough scheme next month, claiming any extension would be “unfair” on taxpayers. Speaking at the Centre for Policy Studies think tank talk about the post-pandemic economic recovery ahead, Javid said he agreed with chancellor Rishi Sunak that the furlough scheme must end. “Even if [...]
WIBF 40for40 List September 11, 2020 We are thrilled to announce the launch of the nomination process for the WIBF 40for40 list. To celebrate WIBF’s 40th Anniversary we are celebrating some of our greatest supporters and advocates since 1980. Their contributions personify the positive impact of WIBF and have been instrumental in making us the thriving, innovative network we are today. [...]
Countries must work together in recovering from coronavirus – Taiwan is ready to help September 11, 2020 In 2020, the world has been hit by an unprecedented public health crisis, with the effects of Covid-19 being felt across every aspect of people’s lives. This year also marks the 75th anniversary of the signing of the Charter of the United Nations. Now more than ever, the global community must make a concerted effort [...]
You’re required: Alan Sugar urges public to get back to work September 11, 2020 Business tycoon Lord Alan Sugar today urged Brits to “put on a suit, put on a dress and get back to work” amid rising calls to kickstart the faltering economy. Speaking to LBC radio, Sugar said people’s resilience meant “they get back, they recover, they get over it”. “If you do the right things which [...]
Six reasons why automation is poised to accelerate September 11, 2020 Automation has long been a feature of the manufacturing sector, as companies seek to improve productivity and make high quality goods to a specific standard. But we think the level of automation is set for a sharp increase as innovation sparks a new smart manufacturing revolution. In the short term, the Covid-19 pandemic has brought [...]
MPs attack chancellor’s plan to wind down furlough scheme September 11, 2020 The powerful Treasury Committee of MPs has criticised the chancellor’s new job retention bonus scheme as inefficient, and called for him to “carefully consider” more targeted support for parts of the economy when the furlough scheme ends. In a wide-ranging report, the Committee also said the Treasury must quickly come up with a scheme to [...]
City of London Corporation urges firms to return to the office September 10, 2020 The City of London Corporation has called on businesses to start bringing employees back to the Square Mile. Speaking at the Court of Common Council, policy chair Catherine McGuinness said that any return to the office for City workers must be in line with government guidance. “We know that the workforce in the Square Mile [...]
The Digital Currency Crossroads: CBDCs across borders, and the UK approach September 10, 2020 Growing interest in Central Bank Digital Currencies (CBDCs) has widely been viewed as a response by central banks to the emergence of private stablecoins, most notably Facebook’s Libra, announced in June 2019. Regulators and intergovernmental organisations, such as the Financial Action Task Force, have been working to understand the risks and potential of stablecoins, and [...]