EconomyLoop
where regional business news becomes global to everyone

‘I live a life of austerity so I can travel all the time’

Tom Bourlet on how he saves money to fund his lifestyle – and how Heinz spaghetti hoops inspired the name of his blogI’ve always been a saver. As a student I lived frugally and was constantly setting up little businesses such as a moving-in service f... read more

 The Guardian47 days ago

     
Raj Rajaratnam jailed for 11 years for insider trading

Prosecutors had been pushing for 25-year sentence for disgraced hedge fund tycoon, who must also pay $10m fineFallen hedge fund tycoon Raj Rajaratnam has been sentenced to a record 11 years in prison after his conviction in the biggest Wall Street in... read more

 The Guardian47 days ago
Profit from Bitcoin while heating? SHOCKING new space heater can mine cryptocurrency

FRENCH startup company Quarnot has shocked punters with the release of its QC1 space heater that could one day pay for itself by harnessing heat generated through the mining of cryptocurrency, it has been revealed.... read more

 Daily Express47 days ago
Martin Shkreli: entrepreneur defends decision to raise price of life-saving drug 50-fold

Medical organizations have decried the rise to $750 a pill for the drug Daraprim but Martin Shkreli says: ‘We need to turn a profit on this drug’An entrepreneur who acquired the rights to produce a life-saving drug then increased its price more than ... read more

 The Guardian47 days ago
PANIC hits toy companies as Toys R Us ‘considers shutting down ALL STORES in US’

TOY companies are panicking as Toys R Us is considering shutting down all of its stores in the US as early as next week amid financial woes, it has been reported.... read more

 Daily Express47 days ago
Donald Trump says he's working on deal with Australia for tariff exemption

US president confirms he and Malcolm Turnbull are in talks on a security agreement linked to the steel and aluminium tariffsAustralia appears to have won a reprieve from the United States’s global steel and aluminium tariffs, after the US president, ... read more

 The Guardian47 days ago
GKN’s £4.4bn Dana merger is a blow for Melrose bid

GKN struck a $6.1billion deal to merge its automotive business with American car parts maker Dana, yesterday.The FTSE 100 engineer is fighting to fend off a £7.4billion hostile takeover by industrial turnaround specialist Melrose.... read more

 Daily Express47 days ago
Empire strikes back: why former colonies don't need Britain after Brexit | Griffith Review

British politics and culture feel nostalgic about the Commonwealth and hope to rekindle the old relationship. But the reality is not so simpleThe countdown to leave the European Union began in the British summer of 2016, but nobody in the country see... read more

 The Guardian47 days ago
DAILY BRIEFING: Renewi quits loss-making contract

Waste management firm Renewi is quitting a loss-making contract in Dumfries and Galloway and Buckinghamshire, writing off £73mi on those and other contracts.... read more

 Daily Mail47 days ago
BIG SHOT OF THE WEEK: Rolls-Royce boss Warren East

Warren East wore his best suit in to work this week. His shoes were shined, his thinning hair combed and the Welsh dragon cufflinks had been replaced with a pair bearing the 'RR' logo.... read more

 Daily Mail47 days ago
Staff leave SIG following probe into accounting irregularities

Last month the building supplies group called in auditors from Deloitte and KPMG after a whistleblower identified issues at its UK insulation and interiors business, SIG Distribution.... read more

 Daily Mail47 days ago
RAY MASSEY: Jaguar leads the electric pack

Never mind watching future electric cars being unveiled at the Geneva Motor Show this week. I was among the first to drive one — Jaguar’s Tesla challenger, the I-Pace.... read more

 Daily Mail47 days ago
UNMASKED: The Chinese billionaire trying to buy House of Fraser

Ji Changqun, a Chinese businessman who is worth more than Donald Trump, is chairman of an investment group, Fullshare Holdings, which is trying to seize control of the department store.... read more

 Daily Mail47 days ago
The pricey funds that can't even beat the Footsie

When you give money to a fund manager, you expect them to use expert knowledge to grow your nest egg. But what if you paid them big fees only to find they simply copied the FTSE 100 index?... read more

 Daily Mail47 days ago
Goldman Sachs chief Lloyd Blankfein to step down

The 63-year-old's departure is expected to be followed by the rapid promotion of one of the company's two co-presidents, Harvey Schwartz and David Solomon.... read more

 Daily Mail47 days ago
MARKET REPORT: Engineer Renold reverses 24% as cost rises hit profit

In a trading update, the FTSE Small Cap gear maker revealed it had been knocked off balance by rising materials costs, particularly in its industrial chain business.... read more

 Daily Mail47 days ago
SHARE PUNT OF THE WEEK: Platinum and chrome miner Tharisa

The company's Tharisa Mine, in the Bushveld Complex of South Africa, has an estimated 867.5m tons of resources and has an open pit life of around 17 years with a further 40 years underground.... read more

 Daily Mail47 days ago
Claire's on verge of becoming latest High Street casualty

According to reports, the US-based chain that primarily sells accessories for teenagers is looking to secure a deal that would see ownership passed from Apollo Global Management to lenders.... read more

 Daily Mail47 days ago
ALEX BRUMMER: Growth springs a surprise

Four months have passed since Philip Hammond delivered a sober Autumn Budget peppered with gloomy forecasts from the Office for Budget Responsibility.... read more

 Daily Mail47 days ago
Secrecy over costs in Phillip Morris plain packaging case stokes TPP fears

Coalition refuses to reveal how much tobacco giant’s investor-state dispute settlement bid costThe Australian government is fighting to keep secret the amount it paid to fight a legal battle with the tobacco industry over its plain packaging laws.Phi... read more

 The Guardian47 days ago
Cryptocurrency news: What is PacCoin? What happened on Coinmarketcap?

A CRYPTOCURRENCY called PacCoin pushed Ripple’s XRP to third position on CoinMarketCap momentarily on Friday, following an error in listings on the market platform.... read more

 Daily Express47 days ago
Economist Paul Johnson: ‘We are nowhere near out of austerity'

As the man relied on to make sense of the numbers in the chancellor’s spring statement, the IFS director warns that cuts have taken Britain to crunch point – and that Brexit will make it worseWhen the chancellor Philip Hammond sits down on Tuesday af... read more

 The Guardian47 days ago
UK moves closer to signing Typhoon jet deal with Saudis

Proposed multibillion-pound deal with BAE Systems to buy 48 jets denounced by campaignersBritain’s biggest arms manufacturer, BAE Systems, has moved towards completing an order worth billions of pounds from Saudi Arabia for the purchase of 48 Typhoon... read more

 The Guardian47 days ago
GKN agrees $6.1bn merger with Dana to repel Melrose bid

UK engineering firm reveals automotive tie-up with US firm in blow to hostile suitorThe UK engineering company GKN has struck a $6.1bn (£4.4bn) deal to merge its automotive business with the US firm Dana in an attempt to fend off a hostile takeover b... read more

 The Guardian47 days ago
FTSE CLOSE: Markets rise after Trump meeting in North Korea revealed

Stock markets initially welcomed the announcement that Donald Trump and North Korean leader Kim Jong-Un are to meet but slipped back and are now treading water.... read more

 Daily Mail47 days ago
Will building more homes lower house prices? This is Money podcast

What is the housing crisis, what made homes so expensive, and will building more make house prices cheaper? Listen to this week's podcast to find out more.... read more

 Daily Mail47 days ago
Ripple cross-border takeover: Cryptocurrency giant plotting worldwide transaction takeover

RIPPLE expert Danny Aranda revealed the cryptocurrency is plotting a worldwide cross-border takeover in a bid to stand out from its rival digital currencies and make worldwide payments easier for “real customers with real problems”.... read more

 Daily Express47 days ago
Ripple price: MD reveals the multinational firm who could be Ripple's next customer

RIPPLE’S Managing Director Danny Aranda has revealed the cryptocurrency firm could work with multinational finance giant Western Union at some point in the future.... read more

 Daily Express47 days ago
Wine prices to rise as bad weather brings worst harvest for 50 years

Global production slumps to lowest level since 1961 as major growers hit by freakish weatherIt’s the kind of bad news best served with a stiff drink: the price of standard supermarket wines like prosecco and pinot grigio could rise by up to 30% this ... read more

 The Guardian47 days ago
Five tips for producing the perfect white paper

White papers, when done properly, are a powerful marketing tool! While, it is an authoritative report that will position your business as an expert in your chosen field, white paper’s will also help drive customers and media interest to your business... read more

 SB47 days ago
Finding the tools to improve the odds: How can retailers beat the competition?

The retail landscape has been changing at a rapid rate over recent years and retailers have had to work hard to differentiate themselves from the crowd. The rise of digital capabilities has driven a rise in the number of online retailers and increase... read more

 SB47 days ago
Budding apprenticeship candidates should head to the South West

Candidates in the South West and North West of England have the highest likelihood of securing an apprenticeship place and are twice as likely to get one than those in London.... read more

 Daily Mail47 days ago
UK production soars to highest output figure for more than a year - while Germany’s falls

UK INDUSTRIAL production soared to its largest monthly increase in more than a year, while German industrial output fell unexpectedly for the second month in a row.... read more

 Daily Express47 days ago
‘Slow payers’ and bad broadband pose bigger threat to British business than Brexit

BREXIT is not as important as Britain’s business "fundamentals" according to the highly-influential British Chambers of Commerce who have compelled the Government to concrete on growth and not just the terms on which the UK leaves the EU.... read more

 Daily Express47 days ago
UK construction sector contracts for ninth month in a row

ONS January data also shows trade deficit widening, raising concerns about robustness of Britain’s economyAn unexpected decline in housebuilding meant the UK construction industry contracted for the ninth month in a row in January.The number of new h... read more

 The Guardian47 days ago
A guide to successful email marketing in 2018

In 2018, email marketing will still deliver dependable results. With the sales funnel becoming ever more complicated and GDPR around the corner, now more than ever, businesses need to take charge of every part of the customer journey. Here Andrea Bla... read more

 SB47 days ago
US economy adds 313,000 jobs in strong monthly display but wage growth slows

Labor department figure beats forecast of 200,000 February jobsFigure highest since July 2016 as jobless rate remains steadyThe US added 313,000 new jobs in February – the strongest gain since July 2016 – as the unemployment rate remained steady at 4... read more

 The Guardian47 days ago
Marble-effect Mansory Bugatti Veyron one of the Geneva show eyesores

The odd-looking Bugatti Veyron's exterior is the result of a new carbon-fibre fabric called 'Marble Collage'. While some are fans of it, others think the car looks like it's been covered in bird poo.... read more

 Daily Mail47 days ago
JCB to create 600 jobs as world orders roll in

Growth in temporary production line jobs fuelled by booming demand for its construction machinesGrowing global demand is driving the creation of 600 new manufacturing jobs at the digger maker JCB.The new roles in areas including welding, paint-spraye... read more

 The Guardian47 days ago
Litecoin price drop: Why has Litecoin price fallen? Will it go back up?

LITECOIN hit its lowest value in three weeks after a promising few days in which the digital currency seemed to steady itself. But why has the price of Litecoin fallen today? Will it go back up?... read more

 Daily Express47 days ago
Ryanair chief: we won't bow to laughable demands from pilots

Michael O‘Leary warns that strikes are likely over Easter as talks with unions break downRyanair’s chief executive, Michael O‘Leary, has warned that the airline will not bow to “laughable” demands from pilots and would rather see strikes or disruptio... read more

 The Guardian47 days ago
Ripple price: Why is it falling today? Will it take over Bitcoin?

RIPPLE prices dropped into the red today after the token plunged by 22 percent since the start of the week. But why is Ripple’s XRP falling today?... read more

 Daily Express47 days ago
Harvest Minerals prove their shares are fertile ground for investors

The potash and phosphate explorer jumped 30 per cent higher to 20.75p after unveiling a major sales order this week. with additional sales discussions ongoing.... read more

 Daily Mail47 days ago
Tories have cost households £1,000 in energy bills, say Labour

Labour says extra costs could have been avoided if Conservative government had intervened earlier to stop suppliers raising pricesLabour has accused the Conservatives of costing British households nearly £1,000 in extra energy costs over the past sev... read more

 The Guardian47 days ago
UBS moving staff from London to Frankfurt for Brexit

The financial services giant said any future shifts to how the business can function from the UK within the EU could lead to 'significant changes' to its operations.... read more

 Daily Mail47 days ago
Bitcoin price: THIS is what is dragging DOWN cryptocurrency price this week

BITCOIN price has been falling dramatically following the news regulators will have more powers to control digital currencies transactions.... read more

 Daily Express47 days ago
Pound V euro: GBP inches higher as Draghi downplays ECB’s decision to remove easing bias

THE pound is trading higher against the euro today. The exchange rate is unperturbed by a run of mixed domestic data releases and supported by European Central Bank President Draghi’s comments downplaying the bank’s decision to remove their easing bi... read more

 Daily Express47 days ago
Freelance: Britain’s best places to become your own boss

Freelancing has a lot to offer, from giving you complete flexibility over time and the projects you work on, to being able to work from home every day. More than 1.7 million Brits have chosen the freelance lifestyle, an increase of 43 per cent betwee... read more

 SB48 days ago
Construction slumps to slowest pace of growth since 2013

Figures from the Office for National Statistics released on Friday show output fell 3.9 per cent in the first month of 2018, marking the biggest year-on-year decline since March 2013.... read more

 Daily Mail48 days ago
REVEALED: European Commission’s big plan lure businesses and BEAT Brexit Britain

The EUROPEAN Commission is trying to take on Britain to become a leader in FinTech businesses after Brexit after seeing bitcoin and blockchain technology become a “game changer” for financial services.... read more

 Daily Express48 days ago