EconomyLoop
where regional business news becomes global to everyone

Iran begins developing its own cryptocurrency as rogue states 'try to avoid US sanctions'

IRAN has become the latest country to begin developing its own cryptocurrency in a move which is rumoured to be a way to avoid US sanctions.... read more

 Daily Express43 minutes ago

     
Centrica feels the heat but avoids cutting the dividend yet again | Nils Pratley

Iain Conn was issuing regrets on many fronts but probably saved his job – at least for nowThe Centrica chief executive, Iain Conn, avoided the indignity of cutting the dividend for a second time in three years and has probably saved his job as a resu... read more

 The Guardian33 minutes ago
Senior Bank of England chief admits ‘I DON’T use contactless cards’

A SENIOR Bank of England official has admitted she is far from a fan of contactless payment, as she prefers cash and does not trust technology.... read more

 Daily Express58 minutes ago
Ripple price news: Why is ripple going down? Why is crypto falling?

RIPPLE'S price took a sharp dive over recent hours, falling to less than $1. But why is Ripple going down? Why is crypto falling?... read more

 Daily Express1 hour ago
Bitcoin in Malaysia: Will the Malaysian Government ban bitcoin trade?

BITCOIN and other popular cryptocurrencies face an uncertain future after Malaysia’s Central Bank said their fate rests in the hands of the people. But does this mean bitcoin will be banned in the country?... read more

 Daily Express1 hour ago
Rock n roll cars to sell for a combined £1m at auction

The cars include a Lamborghini 400GT first owned by Paul McCartney and a Ferrari Dino from Nick Mason's collection. A Lamborghini Rod Stewart bought as a present for himself is also on sale.... read more

 Daily Mail2 hours ago
How to use the small claims court system to recover money owed to your business

If your business is owed money, then as long as it is less than £10,000, you can use the ‘small claims court’ to recover what is owed to you. Part of the county court, the small claims court was originally created to enable a layperson (ie someone wh... read more

 SB2 hours ago
Barclays reveals big gender pay gaps across UK banking group

International division’s median hourly pay gap was 43.5% with 73% gap for bonuses, report saysMen working for Barclays’ international division got paid bonuses that were more than double those of their female colleagues last year, with far fewer wome... read more

 The Guardian2 hours ago
Why focusing on your company’s average transaction value is key

A lot of small business owners get frustrated with the lack of growth of their business. Many want to grow their sales and increase their profits. But most don’t always know where to begin. A starting point to increase your sales and profits is to st... read more

 SB3 hours ago
Germany's Brexit snatch: Deutsche Börse targets Britain’s euro clearing industry

THE new Deutsche Börse chief executive has said he wants the Frankfurt exchange to win at least a quarter of the market for clearing euro interest rate swaps from London by 2019.... read more

 Daily Express3 hours ago
Three in ten UK SME online retailers don’t export goods

One in ten (11 per cent) UK SME online retailers don’t import or export goods, according to a study commissioned by Royal Mail, the number one facilitator of e-commerce in the UK. One in four (23 per cent) don’t import any goods and 30 per cent don’t... read more

 SB3 hours ago
How financial crash can happen AGAIN: 10 years on and ‘no-one’s learned ANYTHING’

TEN YEARS to the day since Northern Rock was nationalised and the fragile state of the UK’s financial system was exposed, Express.co.uk spoke to to a number of finance experts on whether the lessons of 2008 have been learnt and what new risks have em... read more

 Daily Express3 hours ago
Greece to investigate top politicians over Novartis bribery claims

MPs to look into accusations 10 senior officials accepted bribes from Swiss pharmaceutical firmThe Greek parliament is to investigate ten of the country’s top politicians over accusations they accepted bribes from the Swiss pharmaceutical firm Novart... read more

 The Guardian4 hours ago
Seven in ten UK workers have felt stress in the last five years

Global employee engagement company, Reward Gateway has partnered with financial expert and founder of MoneyMagpie, Jasmine Birtles, to uncover insights into the financial worries of the UK workforce. As the cost of living increases and disposable inc... read more

 SB4 hours ago
London's homes worth over twice value of top nine cities

The total value of London’s houses is more than double the combined value of £678billion of the other nine cities, new research shows.... read more

 Daily Mail4 hours ago
'You don't raise rates when unemployment is rising' – experts debate Brexit watch data

Two former members of Bank of England’s interest rate-setting committee discuss the outlook consumers are squeezed by inflation• The economy is starting to deteriorate • February verdict in charts Senior economic adviser at the PwC consultancy and me... read more

 The Guardian4 hours ago
How has the Brexit vote affected the economy? February verdict

Each month we look at key indicators to see what effect the Brexit process has on growth, prosperity and trade in the UK• The economy is starting to deteriorate • Experts debate Brexit watch data Continue reading... read more

 The Guardian5 hours ago
EU27 rule out UK's preferred approach to future trade deal

‘Three basket approach’ would breach agreement to prevent cherry-picking, says BrusselsThe EU has ruled out the UK government’s preferred approach to a future trade deal, describing it as a risk to the European project, just as Theresa May is seeking... read more

 The Guardian5 hours ago
Lloyds reaches profit landmark after returning to private ownership

LLOYDS Banking Group scored its highest profit since its takeover of HBOS in 2009, in a "landmark" year when it returned to private ownership. The UK's biggest mortgage lender raised its dividend payout by 20 per cent and announced a share buyback of... read more

 Daily Express5 hours ago
KFC struggles to give chicken away amid store supply crisis

Several charities pour cold water on fast-food chain’s stated aim to donate surplus poultryKFC is struggling to find charities to which it can donate thousands of tonnes of surplus chicken that has been stored in an unregistered depot during a supply... read more

 The Guardian5 hours ago
Heathrow boss hits back at airlines over expansion cost claims

John Holland-Kaye says airport is not looking to protect the self-interest of British AirwaysHeathrow has hit back at airlines’ claims that its expansion plans would blow the £14.3bn budget and drive up charges, saying it was looking out for passenge... read more

 The Guardian5 hours ago
Manchester United end 13-year wait for official YouTube channel

Lure of video-sharing site’s 1.3bn users finally has club ready to play catchup with football rivalsManchester United is to launch an official YouTube channel after a 13-year absence as it looks to build its brand and commercial income in a deal with... read more

 The Guardian5 hours ago
The Brexit economy: things are starting to deteriorate

Cracks are starting to appear in UK economic resilience, with unemployment rising and growth slowingThe British economy is showing signs of deteriorating just as the government attempts to reassert its vision for Brexit, according to a Guardian analy... read more

 The Guardian5 hours ago
We haggled car insurance quote down by 67% - here's how

Every year is now the same - the haggle dance on the telephone to reduce the ludicrous renewal price from car insurers. This time around, the saving was a huge 67%.... read more

 Daily Mail6 hours ago
Bank of England's chief cashier doesn't trust contactless

Victoria Cleland, whose signature is on every Bank of England note, said she prefers to use cash for small transactions.... read more

 Daily Mail6 hours ago
Porsche axes all diesel cars due to 'falling demand'

It means Porsche customers will no longer have the option of a new diesel-powered Macan, Panamera or Cayenne as the German manufacturer switches full attention to petrol and hybrid models.... read more

 Daily Mail6 hours ago
Moneysupermarket shares tank as it warns of slower growth

The FTSE 250 listed firm saw shares dip by as much as 27 per cent at one point to stabilise at around 17 per cent lower at 272.30p.... read more

 Daily Mail6 hours ago
Mining giant Anglo American boasts turnaround

Anglo American reported a 45 per cent increase in annual earnings, halved its net debt and claimed to be 'fundamentally different' from during the commodity downturn in its latest results.... read more

 Daily Mail6 hours ago
What millennials expect from the workplace in 2018

Reports show that by 2020 millennials will make up a third of the global workforce. Instant Offices take a look in to what members of this digital generation really look for in a career.. The ManpowerGroup, whose job is to find work for 3.4 million p... read more

 SB6 hours ago
Litecoin price news: Why is Litecoin dropping ahead of Litepay launch?

LITECOIN dropped even further today just a week after the crypto token soared following the Litecoin Cash fork. So why is Litecoin dropping ahead of next week's Litepay launch?... read more

 Daily Express6 hours ago
UK economic growth slows to weakest rate in five years

G7 rivals outpace UK as consumers rein in spending amid Brexit-fuelled price inflationBritain’s economy grew at a slower rate than first thought in the final three months of 2017, leaving the UK lagging further behind other major economies as it prep... read more

 The Guardian7 hours ago
Barclays suffers £1.9BILLION LOSS after Trump tax but shares rally with dividend pledge

BARCLAYS has posted a £1.9 billion net loss in 2017 following President Donald Trump’s tax overhaul that forced banks to reduce the value of their deferred tax assets... read more

 Daily Express7 hours ago
How can AI empower the retail workforce?

A report from the Martin School at the University of Oxford and Citi estimated that, while perhaps unsurprisingly 80 per cent of retail transportation, warehousing and logistics jobs are at risk due to automation and artificial intelligence, 63 per c... read more

 SB7 hours ago
Dutch fail in attempt to charge tobacco firms with attempted murder

Prosecutors refuse to open criminal investigation into four majors as it ‘would not succeed’Dutch public prosecutors have refused to open a formal criminal investigation into four major international tobacco companies on charges of attempted murder o... read more

 The Guardian7 hours ago
MPs attack pension regulator at Carillion inquiry

Regulators heavily criticised amid claim firm’s ex-finance chief called pensions ‘a waste of money’Carillion’s former finance director described pension payments as a “waste of money”, MPs conducting a parliamentary inquiry into the collapse of the g... read more

 The Guardian7 hours ago
What you should know before moving office

Now, If you’ve ever managed an office move you’ll know how stressful and time heavy the moving process can be. Most offices consist primarily of computers, filing cabinets, and other delicate equipment which is likely to be a task when transporting. ... read more

 SB7 hours ago
Pound V euro: GBP exchange rate dips as GDP dips below expectations

THE pound is slumping against the euro this morning as markets react to the UK’s latest growth figures. GBP/EUR is currently at around €1.130, down around 0.2 per cent from its opening levels and trading at its lowest levels since Tuesday.... read more

 Daily Express8 hours ago
Three quarters of flexible workspace users are more engaged at work

As co-working and flexible space continues to see rapid growth in major global cities, research by The Instant Group and HLW found that those using it are enjoying higher levels of productivity, better business opportunities and improved work environ... read more

 SB8 hours ago
Centrica announced a 17 per cent fall in profit

Centrica , the owner of British Gas, has announced a 17 per cent fall in profit but its shares rose despite this as investors welcomed the fact it has managed to keep its dividend in tact.... read more

 Daily Mail8 hours ago
Eurozone 'euphoria' ends as confidence in German business falls

Eurozone government bond yields have fallen after confidence in German business fell in February with firms claiming to be less satisfied with their current business situation.... read more

 Daily Express8 hours ago
Half of UK SMEs unable to access all funding needed to grow

Research from Liberis, a leading small business finance provider, published today, revealed that over half of UK businesses are unable to access the funding needed to grow; with the main hindering factor being a lack of education or understanding of ... read more

 SB8 hours ago
Pound v US dollar: Sterling falls after surprise downwards revision to GDP estimate

A SURPRISE downside revision to the second estimate for UK GDP during the final three months of 2017 has heightened the early losses recorded by pound Sterling against the US dollar.... read more

 Daily Express9 hours ago
Bitcoin price news: What is value of bitcoin today? Why is BTC falling?

BITCOIN is in the red today after reaching highs of more than $11,700 on Tuesday. A recent-sell off wiped $1,000 off its value but what is the value of Bitcoin today?... read more

 Daily Express9 hours ago
Barclays reports a £2bn loss last year

Banking giant Barclays reported a 10 per cent jump in profits to £3.54bn in 2017, but huge one-off costs undid the improved trading performance.... read more

 Daily Mail9 hours ago
British Gas cuts 4,000 jobs blaming price cap and tough competition

Profits fall nearly a fifth at Centrica as parent company expands cost-cutting driveBritish Gas owner Centrica will shed a further 4,000 jobs as part of a £1.2bn-a-year cost-cutting programme, which it blamed on the government’s price cap and fierce ... read more

 The Guardian9 hours ago
Pound LIVE: Sterling suffers after Federal Reserve fears send markets into 'tailspin'

THE POUND is down on the Euro and Dollar this morning after a night of market turmoil was sparked by a US Federal Reserve meeting reigniting fears of rising interest rates. The FTSE that was the worst hit, dropping more than 1 percent and leaving it ... read more

 Daily Express10 hours ago
Qatari developers say they didn't help sink Carillion

Qatari developers have hit back at claims that they helped sink bust builder Carillion due to an unpaid £200million bill.... read more

 Daily Mail10 hours ago
Red tape in the meat industry? It's the difference between life and death

Without regulations that scrutinise food standards and trade deals, we cannot trust the safety of the food on our platesIt should come as no surprise that the global meat industry is a major source of disease and crime. We are talking about a substan... read more

 The Guardian10 hours ago
Barclays reports £1.9bn loss amid Trump tax change and legal costs

A near-£1bn charge for US tax changes and provisions for litigation leads to after-tax lossA near-£1bn charge related to Donald Trump’s tax reforms and further litigation provisions pushed Barclays deep into the red last year.Despite this chief execu... read more

 The Guardian10 hours ago
Millions of women forced to work until they drop

Twenty years ago the equivalent UK figure for those aged 50 to 64 was just 2.4million. The surge means the number of both men and women working past 50 has passed ten million for the first time.... read more

 Daily Mail11 hours ago