7,500 UK finance jobs shifted to EU since historic vote, as hard Brexit edges closer October 1, 2020 More than 7,500 UK finance jobs have headed for Europe since the 2016 EU referendum, with more relocations expected as City firms edge against a hard Brexit. In September alone, financial services firms moved more than 400 jobs to financial hubs across the EU, according to a new Ernst & Young report, published earlier this [...]
FTSE 100 climbs on hopes of US stimulus breakthrough October 1, 2020 The FTSE 100 opened higher earlier today as hopes that the US would approve a fresh round of stimulus measures boosted investor confidence around the world. London’s premier index initially rose 0.5 per cent, to 5,896.38 points, currently trading at 5,872.07 as US markets open. The FTSE 250 of mid cap firms rose 0.1 per [...]
Why the government must give more support to London’s hospitality sector October 1, 2020 Hospitality and tourism have felt the force of Covid-19 like no other sector. Green shoots started to emerge during the summer months, as Eat Out to Help Out, a staycation boom and the warm weather put much-needed cash in the registers of hotels and restaurants across the UK. While London remained quiet, there was some [...]
Covid-19 has exposed the faults within the broken NHS system October 1, 2020 The NHS Confederation this week raised concerns about the health service’s ability to cope with a second wave and a vast backlog of treatments over the course of the winter, strengthening an already-watertight case for system-level reform of the UK’s healthcare system. Over the course of this crisis, the NHS’s status has reached a new [...]
Industry 4.0 meets DeFi September 30, 2020 The Historical Roots Over two centuries ago we learned that there is a more efficient way of manufacturing and we shifted from hand production to machines through the use of steam power and water power. That era was marked as the First Industrial Revolution in our history books. Followed by adoption of electricity, installations of [...]
Collaboration and compromise, not catastrophe: the key to defusing landlord-occupier tension September 30, 2020 Tensions between commercial landlords and their financially stressed tenants continue to grow, and how landlords respond will be critical to the recovery not only of the real estate sector, but of the wider economy. The government announced a further extension to the commercial rent moratorium, preventing landlords from taking recovery action through until the end [...]
CryptoAM.io goes DeDays and together create “The Mallorca Roundtable” September 29, 2020 Over the course of the past nine months, we have seen many things grow: fear, uncertainty, doubt and the number of bankruptcies, especially in hospitality. I myself was impacted by this loss in business and am still working on saving the remains of a great idea that was the Craft Coin Company which still holds [...]
Royal Albert Hall to reopen for Christmas concert season September 29, 2020 The Royal Albert Hall will open its doors to reduced audiences this Christmas in what the venue’s chief executive describes as an “investment into our future.” A total of 36,000 tickets will be sold to audience goers, down from more than 120,000 last year, to shows including The Nutcracker, Handel’s Messiah and other staples. Read [...]
Ethereum: A New Financial Network September 29, 2020 “The greatest risk is in not looking, not seeking to understand” — Christine Lagarde If we are to understand the financial services innovation brought forth by blockchain (a form of Distributed Ledger Technology) we first must comprehend the architecture behind our current banking and financial services industry. As of today, the industry consists of centralised service providers [...]
Crypto will never hit critical mass until cybersecurity improves September 29, 2020 Another week, another hack, another exchange, another theft. Welcome to the recurring world of crypto attacks and the reason why appalling cryptocurrency security is holding back the industry from entering the mainstream. This time it was Singapore-based digital exchange KuCoin and its customers that were taken for $150 million after the exchange noticed large withdrawals [...]