Posted By Thiago Kiwi
Sir Richard Branson says Virgin will stop tracking annual leave for some employees as new working practices look to boost productivity.
It’s a well-established fact that the way we live and work is changing. New technology is making it easier to build greater flexibility and freedom into the working day, and a new generation of millennial workers is prioritising a good work-life balance. Businesses, too, are beginning to understand the benefits that a new approach to work could bring.Read more >>
Corporate social responsibility adds to corporate value, says KPMG report
News - Sustainable Business
A report from KPMG has highlighted the importance of corporate social responsibility in adding and maintaining business value.
Businesses have often been tempted to see corporate social responsibility as little more than a public relations stunt. Intended to win over the public, activities that are aimed at adding value to communities rather than directly benefiting the companies themselves can all too easily be treated like vanity projects.
But as a recent KPMG report found, businesses need a better understanding of how they contribute to society at large in order to create corporate value of their own. So how are firm’s corporate and societal value linked?Read more >>
Alibaba finally posted the world’s biggest initial public offering (IPO) this week after a lengthy build-up.
It’s been a long road to get there, but after months and months of build-up, Chinese e-commerce giant Alibaba finally floated on the stock market last Friday, 19 September.
Everyone who had been watching the deal had expected it to be huge, and there was talk of a record-breaker long before Alibaba had even confirmed it would list on the New York Stock Exchange. They weren’t disappointed.Read more >>
The US will end its quantitative easing programme next month, but it is not yet clear when interest rates will rise.
US monetary policy has been decidedly loose since the financial crisis. The Federal Reserve has been buying bonds for the past six years and interest rates have remained low over that same period. With more than $4 trillion Treasury and mortgage bonds reportedly purchased by the Fed since 2008, it is finally due to end its asset purchase programme next month.Read more >>
Norway and Finland are about to become the next countries to open M&S outlets.
Marks and Spencer (M&S) has been one of the UK’s most recognisable brands for decades, and it is using that legacy to fuel expansion into new markets overseas. The classic British retailer is about to launch into another promising European market as is plans to open stores in the Nordic countries.
On top of its 160 outlets in Europe, the company is pushing towards its target of having 250 overseas stores by 2016 by setting up 15 new stores in Norway and Finland as part of a franchise agreement. A flagship clothing and food shop in Helsinki will open next month, followed by its counterpart in Oslo in November.Read more >>
Silicon Valley might be the global hub of the tech world, but more and more new firms are looking to big cities elsewhere.
When you think of technology hotspots, the chances are that Silicon Valley springs to mind. It’s been the world leader for decades and still sees more investment than virtually anywhere else in the tech world. But the next generation of tech startups don’t seem as interested in isolation as the Apples and Facebooks – instead of famously remote locations, they’re looking more often towards big cities elsewhere.Read more >>
The Bank of England’s Monetary Policy Committee has announced that it is to keep interest rates at a record low of 0.5 per cent for another month, despite the fact that the UK’s economy is in robust shape.
In making the announcement, the BoE also revealed that it would be maintaining the size of its economic stimulus programme at £375 million.Read more >>
Barclays has launched a pioneering service that may transform the way people access banking and usher in a new age of state-of-the-art security.
Currently, the usual practice involves users having to type in a number of passwords and numbers, which can be a somewhat laborious process.Read more >>
Ecuador intends to launch its own national digital currency similar to cryptocurrencies such as Bitcoin.
Ecuador has revealed more details about its intentions to create what it has described as the world’s first digital currency to ever be issued by a country’s central bank.
According to President Rafael Correa, the aim of the digital currency, which has yet to be given an official name, is to help people in Ecuador who cannot afford traditional banking.Read more >>
Lord Livingston has claimed that the negotiations between the UK and the US over a European Union trade deal could add £10 billion a year to Britain’s coffers.
UK trade minister Lord Livingston said that the Transatlantic Trade and Investment Partnership (TTIP) has the potential to transform Britain’s economy, by adding as much as £10 billion to it annually.
Although opponents of the yet to be finalised agreement believe that it would have a detrimental effect, Lord Livingston, who was chief executive of British Telecom until last year, brushed aside such arguments, saying the opposite in most cases is true.Read more >>
Apple’s latest smartphone – iPhone 6 – looks set to revolutionise mobile payments by transforming the device into a portable wallet.
Apple has been playing up to the hype surrounding the supposedly imminent launch of its new sixth generation iPhone by saying very little on the matter. The only thing the tech giant has contributed by way of comment is the following succinct message: “9.9. 2014 – Wish we could say more.”
An event has been booked on this day. It is to take place at the Flint Center for the Performing Arts in Cupertino, California, the very establishment where Steve Jobs introduced the Mac computer 30 years ago. It is reasonable to deduce this is where the latest iPhone will be officially unveiled to the world.
There is a lot riding on this device and needless to say, given the success of all the previous models and the way in which they have constantly set the bar in the field of smartphones and portable devices higher and higher, Apple cannot fail in delivering another landmark product.Read more >>
Welcome to our business news round-up for August 2014.
In this round-up of the most important business news stories from around the world, we point you to some of the biggest news stories that have had people talking during the past month.Read more >>
Twitter is expanding its revenue streams by offering its advertising service in 12 new markets across Europe.
Twitter’s failure to turn profit is now well-publicised, but the company has so far failed to turn things around. The social media giant has now opened new revenue streams by expanding its Twitter Ads service to 12 new markets across Europe.
Austria, Bosnia and Herzegovina, Bulgaria, Czech Republic, Macedonia, Croatia, Serbia, Slovenia, Romania, Switzerland, Portugal and Ukraine will all get access to the advertising service this year, being able to buy them from local direct sales teams for the first time. It takes the total number of markets where this is available to 35 in the Europe, Middle East and Africa region (EMEA) alone.Read more >>
Mexico reported a stronger than expected rate of growth in the second quarter of the year.
Industrial activity and domestic demand improved over the period and it further shows that the Mexican economy is steadily making progress towards recovery. Data published last week showed a 1.04 per cent increase in GDP in comparison to the first three months of the year. There were also gains in services and industry, which grew at their fastest rate since the third quarter of 2013.Read more >>
Shares in Apple closed at their highest-ever level this week on 19 August, reaching $100.53.
The tech giant enjoyed a 1.4 per cent increase over the course of the day providing it with its best day on Wall Street since 13 September, 2012.
Early-morning trading in New York saw Apple pass through the $100 mark and it continued throughout the day, surpassing the previous record high of $100.27 before the closing bell.Read more >>
The Swiss National Bank could keep its cap on the value of the franc until at least mid-2016, a Bloomberg poll has found.
Switzerland’s unique financial and monetary system has kept it in a close relationship with the very different regime within the eurozone. So much so that in the depths of the debt crisis that gripped Europe, Switzerland set a minimum exchange rate to protect the franc from depreciating too far.
Yet it doesn’t seem that the eurozone is recovering quickly enough for the Swiss National Bank (SNB) to risk removing the limit. According to the Bloomberg Monthly Survey of economists, it’s more likely that it will stay in place for another two years.Read more >>
Chinese authorities have said that Mercedes-Benz is guilty of breaching anti-monopoly legislation.
Investigations in China’s automotive industry have taken another victim after, on 18 August, the nation’s authorities said that Mercedes-Benz had violated Chinese anti-monopoly laws.
Audi and Chrysler have already fallen foul of the National Development and Reform Commission (NDRC) this month amid a huge enquiry into alleged price-fixing of aftersales services such as repairs, maintenance and spare parts. The authority has also suggested that up to 12 Japanese manufacturers could face severe penalties in the near future, the Financial Times reports.Read more >>
Here’s our guide to all the major business news from July.
Welcome to our business news round-up for July 2014. In this round-up of the most important business news stories from around the world, we point you to some of the biggest news stories that have had people talking during the past month.Read more >>
Here’s our guide to all the major business news from June.
Welcome to our business news round-up for June 2014. In this round-up of the most important business news stories from around the world, we point you to some of the biggest news stories that have had people talking during the past month.Read more >>
Welcome to our news round-up for May 2014. In this round-up of the most important business news from around the world, we point you to some of the biggest news stories that have had people talking during the past month.Read more >>
Researchers at Vanderbilt University in the US are developing technology that could increase the speed at which we learn.
The researchers, during the trials, ran mild electric current through the brains of volunteers to test the potential of this revolutionary new technology. Studying the results, the researchers were successfully able to demonstrate an increase in the rate at which the test volunteers were able to learn.
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The idea of a virtual currency has certainly stirred the world’s imagination. But is Bitcoin the future or just fool’s gold? Here’s a beginner’s guide to Bitcoin.
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Sixteen banks, including Barclays, are being sued by a regulatory body in the US that alleges they were involved in fixing the Libor interest rate.
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