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.
Money laundering is a formidable threat to the UK economy, with an annual cost estimated at £100 billion. To address the problem, the government has unveiled a £400 million three-year Economic Crime Plan, aiming to fill gaps in fraud, anti-money laundering (AML) and more.
Duncan McCombie, Group Chief Executive Officer at YES Energy Solutions, discusses the challenges many people face during the winter months and the steps his organisation is taking to support them.
The end of the 2023 Fiscal Year (FY2023) is upon us. As Congress looks to create budgets for next year, government entities need to be wary of their spending habits and plan ahead to optimize spending of entrusted budgetary dollars to ensure dollars are spent on the highest priority items.
Good cash flow is fundamental for businesses to survive and grow. In fact, it’s more important than profit as it supports day-to-day trade whilst also providing a strong foundation for business development.
Rising core inflation is intensifying the UK's cost of living crisis, straining businesses. The country hasn't witnessed such high inflation since the 1980s, burdening many enterprises.
Foreign Secretary James Cleverly is set to unveil the UK's renewed commitment to a more equitable international financial system at the UN General Assembly (UNGA)
The cost of living crisis and the current economic climate continue to create severe financial difficulties for many households in the UK. In times of such high inflation and soaring food costs, it is not surprising, therefore, if the consumer purchasing habits change.
The UK basic wage growth has reached a new record high, posing challenges for the Bank of England (BoE) amid concerns about long-term inflation pressures.
Six months since its initiation, the UK-supported oil price cap on Russian oil and products continues to exert significant pressure on Putin's finances.
With the cost of living increasing and financial instability becoming the norm, understanding UK monetary policy and the causes of a potential UK recession is becoming more and more important.
What must governments do to transition to the cashless economy? Policymakers need to address issues by protecting access to cash and to the financial system.
