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June 2016

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Eurozone unlocked €10.3bn bailout loan for Greece

14th June 2016
Following talks in Brussels, the Greek government has agreed to unlock a further €10.3bn (£7.8bn) in loans from its international creditors, who have also agreed on easing the debt burden of Greece which totals €321bn (£245bn) - worth 180% of the country’s annual economic output. The tranche of bailout funds will be split into two […]
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European Central Bank June policy meeting

13th June 2016
The European Central Bank has announced its June policies, which include leaving interest rates unchanged and hinting at further action if inflation fails to improve. President Mario Draghi said at a press conference that external shocks, such as a possible exit from the EU for Britain, would affect the market negatively and he recommends that […]
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Internet For All: A Key Initiative for Africa’s Digital Transformation

10th June 2016
Efforts to extend the reach of the internet to the 4 billion people worldwide that are not yet connected will only succeed if a digital ecosystem approach is adopted where access, affordability, skills and content are given equal attention, according to a new World Economic Forum-led initiative, Internet For All, whose key learning and best […]
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To Address Infrastructure Needs Africa Must Tap International Capital

9th June 2016
Local communities must be involved in infrastructure development at every step of the way, said Cyril M. Ramaphosa, Deputy President of South Africa. Infrastructure is for the betterment of people’s lives and is important that they feel a sense of ownership by being given full opportunity to benefit from the construction and from eventual delivery, he […]
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Africa Embraces the Fourth Industrial Revolution

8th June 2016
Africa should use the opportunities presented by the Fourth Industrial Revolution to transform itself into a full partner on the global stage, said Paul Kagame, President of the Republic of Rwanda, at the opening address of the 26th World Economic Forum on Africa. “Africa should not be still playing catch-up when the fifth revolution comes around, he added. […]
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ASEAN Needs a Revolution in Education, Business Leaders Warn

7th June 2016
For ASEAN to meet the growth and inclusion challenges posed by the Fourth Industrial Revolution – the rapid adoption of new technologies and digital systems – countries in the region must reform the way people are educated and be careful not to introduce regulations that stifle innovation and the adoption of disruptive business models, business […]
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Diane Gray-Smith - CFO of Uphold

6th June 2016
Diane Gray-Smith joined Uphold as CFO in November 2015, tasked with overseeing and managing the company’s global corporate financial reporting and governance, including developing the policy and system infrastructure. As a certified accountant, she has spent the past 20 years serving Boards and management teams in the financial services, fintech and media spaces, supporting transition […]
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Fiona Tee - CFO of Currency Cloud

6th June 2016
Fiona Tee joined Currency Cloud as CFO in April this year, to oversee finance, human resources, compliance (risk and regulatory) and operations. Over the course of her 30 year career, she has built up experience across the financial services, telecoms and tech sectors. Previous roles include CFO at Mondex International, from the inception of digital […]
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BHS to close its Doors

6th June 2016
With loss of 11,000 jobs, the British department store chain BHS is to be placed in liquidation as liquidators called in after rescue bids fail. This is the biggest retail collapse in the UK since the demise of Woolworths in 2008. The liquidation decision followed a five week long bidding process, which resulted in failing […]
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The Impact of a Brexit on British Businesses: Jonathan Watson, Chief Analyst at currencies.co.uk tells us more

3rd June 2016
There is no question that the EU referendum is one of the biggest political events we’ve been faced with in a while. We are so integrated within the EU economically and politically, that it is difficult to appreciate what life would be like outside of it. Since the UK joined the EEC in 1973, we […]
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The GDPR Clock is Ticking: Ian Cleaver at Cluster Seven Services tells us more

3rd June 2016
With the EU General Data Protection Regulation (GDPR) scheduled to come into effect in two years’ time, the clock is ticking.  The central tenet of the regulation is that organisations will need to demonstrate compliance with the directive in its entirety and be fully accountable for even any inadvertent lapses that occur. It’s perhaps the most […]
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