A new London office for Lebanese tech entrepreneurs, enabling them to use the UK as a springboard for global growth, has opened in the heart of Tech City in Shoreditch. The London office is the first overseas base of the new UK Lebanon Tech Hub, which aims to support the growth of the knowledge economy […]
UK consumers spent over £19,000 every second using their cards last year as the number of purchases surged by more than a tenth, according to a report, UK Card Payments 2015, published by The UK Cards Association. Total UK-issued debit, credit and charge card spending both domestically and overseas rose by 8.2% in 2014 to […]
Greece has now missed its €1.5 billion (£1.1 billion) payment to the International Monetary Fund (IMF) following a decision from eurozone ministers to refuse to extend the country's bailout. The IMF officially confirmed this at 10pm GMT yesterday (June 30). Greece has requested a new two-year bailout plan which will be discussed on Wednesday. This makes […]
Data released by the Office for National Statistics (ONS) showed that the UK trade deficit narrowed in April to £1.2 billion from £3.1 billion in March. Contributing to the headline figure is a £8.6 billion deficit in the trade of goods, partially offset by a £7.4 billion surplus on services. Looking at the longer term […]
UK micro-businesses are owed over £16.9 billion by their customers, new research from Intuit QuickBooks, the global leader of online accounting software has found. Micro-businesses – with up to ten staff - account for 96% of all firms in the UK; this slow payment culture is stifling growth amongst the UK’s most important, but also […]
The long process of compiling nominees, receiving votes and making short lists is over, and Finance Monthly magazine's 2015 Global Awards supplementary magazine is now live. Compiling the best in finance from all over the globe and in a range of different sectors and sub-sectors, a full list of winners can be found in the […]
The International Monetary Fund (IMF)’s chief Christine Lagarde has said that if Greece fails to make a payment instalment of €1.5 billion ($1.7 billion) on June 30 that there will be no further leeway or grace period. Today (Thursday 18 June) Lagarde stated at a press conference that the country’s June 30 deadline must be […]
Finance Monthly is delighted to announce that its acclaimed CEO Awards 2015 has now been published. Every year Finance Monthly magazine identifies and honours the most respected companies and their C-level executives who lead the way on a global stage. Finance Monthly’s research team draws on the views of thousands of stakeholders including investors, analysts, […]
In his annual Mansion House speech, George Osborne has announced that the government plans to sell its 80% stake in the Royal Bank of Scotland. The aim is to promote financial stability and benefit the wider economy. The government paid 500p per share in 2008 following RBS' £45.5 billion (€62.5 billion) bailout - shares are […]
Representatives of the governments of Argentina and Chile have completed negotiations and on 15 May 2015 agreed to a new income tax treaty. The new treaty comes two years after Argentina unilaterally terminated the prior agreement between the two countries. The new Argentina-Chile income tax treaty follows the OECD model tax convention. It also contains […]
To reduce unemployment among Arab youth, schools and universities should teach critical thinking, women should be encouraged to join the workforce, and governments should ease regulations for start-ups and small and medium enterprises (SMEs). Fadi Ghandour, Founder and Vice Chairman, Aramex International emphasized that the main function of the educational system in the Arab world […]
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