SMEs who aren't selling internationally can 'lose out'
Brad Sheer, COO of Stream, suggests businesses could "lose out" if they don't branch out and diversify, given that catering to an international market creates a more resilient company.
UK bank Barclays profits from rising interest rates
The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.
China's GDP recovery likely picked up in Q1 on end to COVID curbs
China's gross domestic product likely gathered pace in the first quarter, data is expected to show on Tuesday, as the end of strict COVID curbs lifted the world's second-largest economy out of a crippling pandemic slump, although some headwinds persist.
Around 50% of UK retail investors lack knowledge about ETFs and IFISAs
A recent study shows that numerous UK investors are unaware of tax-efficient investment options such as ETFs, IFISAs and other products beyond traditional ISAs.
IMF's Georgieva says 44 countries interested in new resilience trust loans
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Monday that 44 countries have expressed interest in borrowing from its $40 billion Resilience and Sustainability Trust after an initial five had arranged loans.
Branson's Virgin Orbit files for bankruptcy after launch failure squeezed finances
Virgin Orbit Holdings Inc, founded by billionaire Richard Branson, filed for Chapter 11 bankruptcy protection on Tuesday after the satellite launching business struggled to secure long-term funding following a failed launch in January.
European new car market grows, with Tesla Model Y coming out on top
JATO Dynamics published 2023 February registration figures across 28 European markets, showing the emerging dominance of Tesla Model Y and electric vehicles.
Yellen rejects World Bank capital increase; no challengers to U.S. nominee to lead lender
U.S. Treasury Secretary Janet Yellen on Wednesday rejected the idea of a near-term capital increase for the World Bank
UK household debt surpasses £2 trillion amid soaring cost of living
Household debt exceeds £2 trillion for the first time in UK history. As consumers struggle with the skyrocketing costs of living, financial literacy hits rock bottom.
Apple's foray into BNPL business poses a risk to consumers, its rivals
Adding BNPL to Apple's brand doesn't coincide with the company's goal of offering its consumers services and technology they can feel good about.
UK treasury official sees no immediate concerns on UBS-Credit Suisse deal
Britain's No. 2 Treasury official said on Tuesday that he does not have any immediate concerns about the execution of Switzerland's Credit Suisse rescue by UBS but will monitor the deal closely, reiterating that UK banks are "very resilient."
Banking Collapses Raises Fresh Questions: How To Benefit from The Corporate Veil?
Startups are often in trouble when banking collapses occur. Therefore, right now, founders have a renewed interest in understanding "the corporate veil".
Oil prices little changed; supply concerns, banking crisis in focus
Crude prices moved in a narrow range in early Asian trade on Tuesday after rallying in the previous session, with oil markets focused on developments in the banking crisis as well as on supply concerns and indications of strengthening demand.
Should the government regulate Bitcoin or does Bitcoin in fact regulate the government?
"It is hard to hold the government accountable for their mistakes. At the same time, it gives governments the excuse to continue their nefarious accounting behind the scenes."
Antisemitic content more than doubled on Twitter after Musk's takeover: Report
New research conducted by tech firm CASM Technology and the Institute for Strategic Dialogue has revealed that antisemitic tweets have more than doubled.
IMF staff reaches agreement with Ukraine for $15.6 billion program
The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia's invasion.
Expert reveals steps tech start-ups can take to avoid the financial risks like the SVB collapse
The Silicon Valley Bank collapse proved how important it is for tech start-ups to have measures in place to manage their financial risks, with Charles Fletcher, Partner at Michon De Raya, advising businesses on how they could accomplish this.
Elon Musk sets automated poop emoji response for all press queries on Twitter
He has now set a poop emoji as an automated response to all press queries after he fired his communications team.
Pakistan in Economic Purgatory: The Way Out Depends on Human Development
Although it is in the headlines for political turmoil, Pakistan is facing its worst-ever financial crisis. Even officials have uttered the taboo word: Default?
Credit Suisse: a bank sunk by scandals
The catalogue of troubles began with the 2021 collapse of Greensill, a British financial firm specialised in short-term corporate loans via a complex and opaque business model.
Global central banks open daily dollar taps to help banks
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
Credit Suisse takeover, central bank action calm jittery markets
Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top central banks and a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group.
IMF approves rule change that would allow new Ukraine loan program
The IMF said its executive board on Friday approved rule changes that would allow it to approve new loan programs for countries facing "exceptionally high uncertainty".
Analysis: UK businesses mull moving cash after SVB chaos
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S.
SVB collapse calls for finance rethink: Stiglitz
In the wake of the collapse of Silicon Valley Bank that has shaken world markets, Nobel economics prize laureate Joseph Stiglitz told AFP that US authorities "did the right thing" to protect deposits but said the financial system needs a rethink.
HSBC's acquisition of SVB UK a 'big sigh of relief' for tech startups
The U.K. Treasury, which facilitated the transaction alongside the Bank of England, said in a statement that the deal would protect the deposits of SVB U.K. clients.
Etsy, other e-commerce companies feel squeeze of SVB collapse
Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts.
Silicon Valley Bank crash highlights financial fragility
"With the SVB collapse, companies must understand they can take steps to protect their assets from failing banks by diversifying their banking relationships and conducting due diligence on their banking partners."
European equities dive on fears of US banking crisis
European stocks tanked Monday while US stocks fell as investors shrugged off global efforts to stem a fast-moving crisis emanating from the US banking sector.
HSBC buys US bank SVB's UK arm for 1 pound
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal ?1 ($1.2) in a rescue deal, the government and HSBC announced Monday.