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June 2020

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Fears of COVID-19 “Second Wave” Spark Global Stock Sell-Off

15th June 2020
US futures and European stocks have been heavily impacted by a surge in global coronavirus cases, driving prices lower on Monday.
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Finance Must Become a Tool for Health, Economic and Social Development

12th June 2020
The actions of investors, bankers and other financial actors are just as important to the welfare of the planet as conservationists and green energy developers. The financial sector must become conscious of its environmental impact and work towards creating a more sustainable model.
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UK Economy Contracted by Record-Breaking 20.4% in April

12th June 2020
The fast escalation of the COVID-19 pandemic and resultant lockdown measures saw the UK’s economic output fall by the sharpest margin since records began.
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Centrica, Owner of British Gas, Plans to Cut 5,000 Jobs

11th June 2020
In addition to the cuts, the multinational electrical company intends to radically restructure its organisation to create a “flatter” company hierarchy.
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Preventing a Chargeback Crisis

11th June 2020
As lockdown measures ease at an unpredictable rate, with the possibility of being reinstated should the COVID-19 crisis worsen, sellers and issuers must remain prepared to tackle a wave of payment disputes.
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OECD: UK Economy Likely to Suffer Most from COVID-19

10th June 2020
While all nations will suffer lasting damage from the pandemic, the Paris-based think tank has forecasted an especially bleak future for the UK.
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What's Next for Blockchain?

10th June 2020
Blockchain has come a long way in the past 12 months, with an increase of blockchain start-ups and new infrastructure projects that have resulted in a spike of real-life deployments. All of this is showing blockchain’s true value to the financial industry, as well as the wider global community.
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US Markets Continue to Rally Despite Confirmed Recession

9th June 2020
While the US officially entered a recession on Monday, the Nasdaq and S&P 500 indexes both hit highs.
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Unlocking the Benefits of AI for Financial Success

9th June 2020
Due to rapid technological advancements, Artificial Intelligence (AI) is now found in various aspects of our daily lives – though most of us are often completely unaware of how often we use it. Digital banks and other innovative companies have certainly taken notice.
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BP to Cut 10,000 Jobs Amid Global Oil Slump

8th June 2020
Citing COVID-19, the UK-based oil giant has announced plans to lay off 15% of its global workforce.
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The Rise of Challenger Banks: How Legacy Banks Are Trying to Keep Up

8th June 2020
Modern banking is dominated by technology and the race to improve customer experience. With challenger banks constantly innovating, the old giants are pushed to adapt.
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The US Economy Grew by 2.5 Million Jobs in May

5th June 2020
New figures released by the Department of Labor showed the US unemployment rate shrinking to 13.3% as states reopen, raising stocks globally.
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