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Finance

The latest finance news including topics such as the development of digital banking and the future of Fintech, and stories from the World Bank and World Trade Organisations (WTO) stories.

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Understanding the UK government’s VFM policy

Finance
The financial case for efficiency, using the example of the UK Government’s VfM policy, is explored by Ray Dorney, Director at Rockford Associates.

€5m in prizes for social innovators using Blockchains to develop decentralised solutions

Finance
€5 million in prizes will be awarded to innovators that use Blockchain technology for social good The European Commission has launched a new Horizon 2020...

UK’s Industrial Strategy falls way below expectation

Finance
Nigel Wilcock from the Institute of Economic Development provides his opinion on the UK’s Industrial Strategy in terms of the future economy of Britain If...

Banks to address the need for better communication with customers

Finance
Banks to rethink communication with customers in light of upcoming PSD2 The Second Payment Services Directive, coming into effect on 13 January 2018, will enable...

Günther H. Oettinger, the current European Commission

Finance
Günther H. Oettinger European Commissioner in charge of budget and human resources European Commission The latest statistics show eight million jobs created in the European...

Bitcoin hackers steal millions in ‘highly professional’ theft

Finance
Slovenian mining exchange NiceHash was targeted by 'professional' Bitcoin hackers who stole 4700 coins worth around $80 million

Data shows 62% of adults ‘don’t understand inflation’

Finance
The Organisation for Economic Cooperation and Development has released startling data showing a large percentage of adults don't understand inflation

UK and EU plan Bitcoin crackdown over tax evasion fears

Finance
As the cryptocurrency hovers around the $10,000 mark, the UK and EU are threatening a bitcoin crackdown to prevent tax evasion and cybercrime

Bitcoin value hits record high of nearly $10,000

Finance
Bitcoin value hits a new high in its record-breaking trajectory, rising 4.5% to $9,700, nearly 10 x its value at the start of the year

Adapting defence technology to business enterprise

Finance
Paddy Bradley, Director, Swindon and Wiltshire Local Enterprise Partnership explains how investing in defence technology can boost the economy

Bitcoin offshoot set to rival cryptocurrency as value slumps

Finance
Bitcoin offshoot 'Bitcoin Cash' is making an impact in the world of cryptocurrency thanks to its ability to be processed cheaply

Blockchain: what is in it for the European economy?

Finance
Benoît Abeloos, Policy Officer at the European Commission gives a compelling glimpse into how virtual currency could affect the economy

MPs launch inquiry into household finances as debt grows

Finance
The Treasury Select Committee, led by Nicky Morgan, has launched an inquiry into household finances as debt grows to £200 billion The inquiry will look...

Bank of England reveals decision on interest rates increase

Finance
The Bank of England has revealed its decision to raise interest rates by 0.25% for the first time since the 2008 financial crisis Economists and...

Bitcoin gold launch halted by hack

Finance
The launch of Bitcoin Gold, a new rival to the dominant cryptocurrency, has been hit by hacks, causing a drop in the value of Bitcoin

UK financial regulator fines US bank £35m for breaking reporting rules

Finance
The UK financial regulator has issued the Bank of America's Merrill Lynch a £35 million fine for violating transaction reporting rules

Real wages fall despite rising employment

Finance
Data shows that when inflation is taken into account wages are declining despite the rising employment broadcasted by the government
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