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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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Multilateral development banks announce their support of climate financing at COP29

Finance
Yesterday, at COP29, multilateral development banks (MDBs) announced their financial plans to help countries meet ambitious climate outcomes.

Rents rising for low-income tenants

Finance
Low-income tenants have seen a rise in the proportion of their wages being spent on rent over the last 20 years, as revealed by new data

Bitcoin price rises over $5000 amid warnings of a cryptocurrency bubble

Finance
The price of bitcoin has risen above $5000 and is now more valuable than gold, generating warnings of a possible cryptocurrency bubble

Changing regulatory rules in financial institutions

Finance
Jean Noël Georges at Frost & Sullivan explains how RegTech providers can aid financial service organisations in meeting changing regulatory rules

Time to support ‘non-statutory’ economic development practitioners

Finance
The Institute of Economic Development (IED) puts forward the case for supporting economic development practitioners in local government

Dubai launches world’s first state cryptocurrency

Finance
The local government of Dubai has launched emCash, the world's first state cryptocurrency, which will be available to all UAE citizens

Bank of England says interest rates could rise as soon as November

Finance
Bank of England Governor Mark Carney has said that interest rates could rise as soon as November and admitted fears over household debt

Cryptocurrency jobs double over the last six months

Finance
The number of cryptocurrency jobs has doubled over the last six months as companies seek out employees who understand digital money

Public inquiry needed into debt crisis, insist senior MPs

Finance
Senior MPs have urged the government to open up a public inquiry into the £200 billion worth of debt burdening households across the country Two...

Pound value against the dollar highest since Brexit vote

Finance
The pound has reached its highest value against the dollar since the Brexit vote sent its value plummeting, with speculation it could rise in coming months

Cryptocurrency prices crash as China cracks down on Bitcoin

Finance
Cryptocurrency prices have dropped dramatically as rumours spread that China will become the first country to begin cracking down on Bitcoin 

Credit card companies extend limits for those with debt

Finance
A charity has claimed that major credit card companies have been automatically extending credit card limits for those already burdened by debt

UK companies to be required by law to release pay ratios

Finance
Under a new law, UK companies will be required to release pay ratio difference between CEOs and the average employee in a bid to increase transparency

A new contactless payment solution for public transit

Finance
Contactless payment is benefiting Canadian transport systems, explains Louis-Martin Fournier, Product Manager at the Desjardins Group

Imec start-up incubation for digital entrepreneurs

Finance
For those looking to kick-start their tech business, this imec start-up incubation programme offers support with coaching, facilities and funding Imec.istart is an imec business...

Is cryptocurrency the new digital phenomenon?

Finance
Open Access Government looks at new digital technologies such as blockchain and bitcoin and highlights cryptocurrency and where it may go in the future Cryptocurrency...

Budget Commissioner warns Brexit will led to “small cuts”

Finance
The EU’s budget will have to be scaled back after Brexit, says European Commission Budget Chief Günther Oettinger
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