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China’s Economy Is on Track, Assures Vice-President Li

28th January 2016
Li Yuanchao, Vice-President of the People's Republic of China, reassured participants at the World Economic Forum Annual Meeting in Davos that the world’s second-largest economy will remain an important driving force for global economic growth. Li declared that China has entered a “new normal” of steady rather than speedy growth. “Despite the volatility in the […]
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SBRC and RBS Workshops Take on Financial Crime

28th January 2016
Police Scotland and the Scottish Government’s business resilience delivery arm has teamed up with the Royal Bank of Scotland (RBS) to help further protect customers from the growing threat of fraud. Experts from the Scottish Business Resilience Centre (SBRC) recently held workshops with RBS employees to open a dialogue about the complex issues facing banks, […]
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A quarter of the UK will use technology companies for half their banking needs or more by 2020

27th January 2016
A major shift in UK banking behaviour can be expected over the next five years, according to a report, The future of finance: how technology is democratising the financial services sector, launched today by TransferWise. People are ready and willing to consider financial technology alternatives to their bank. 65% of UK adults already say that […]
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Leaders of Divided Cyprus Shine a Ray of Hope in the Region

27th January 2016
In an unprecedented joint appearance at the World Economic Forum Annual Meeting, Nicos Anastasiades, President of Cyprus and Greek Cypriot Leader, and Mustafa Akıncı, Turkish-Cypriot Leader, shone a ray of hope in a region roiled by turmoil and uncertainty. Both leaders have been engaged in intense negotiations over the course of 2015 to find a […]
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Prime Minister Cameron Determined to Secure Future of UK in Reformed EU

26th January 2016
Prime Minister of the United Kingdom David Cameron today reiterated his determination to secure the future of the UK in a reformed European Union. This would be “the best outcome for Britain and the best outcome for Europe,” he said. Cameron outlined four key areas where he needs to see progress in Brussels in order […]
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Five Million Jobs by 2020: the Real Challenge of the Fourth Industrial Revolution

26th January 2016
The Fourth Industrial Revolution, which includes developments in previously disjointed fields such as artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology, will cause widespread disruption not only to business models but also to labour markets over the next five years, with enormous change predicted in the skill sets needed to thrive […]
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Europe’s Leaders Call for More Europe, Not Less, Urge UK not to Exit

25th January 2016
Senior leaders from France, Germany, Greece and the Netherlands reiterated their countries’ commitment to the European Union, and pledged to do everything to reach a compromise with the United Kingdom that would keep it as a full member. “What we need is more of Europe, rather than less of Europe,” Manuel Valls, Prime Minister of […]
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China’s Economy: Transitioning not Derailing according to WEF

25th January 2016
The World Economic Forum's meeting in Davos has now come to a close, and China was of course a hot topic. Analysts meeting in Switzerland believe that the recent short-term market volatility will prove temporary, and that China’s economy is undergoing wrenching adjustments as it liberalises and becomes consumer-led. China is going through a series of […]
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Asian stock markets still struggling

22nd January 2016
Due to falling oil prices and the slow growth in China, stock markets in Asia have suffered further losses after billions of dollars have been wiped of the value of shares following another day of global turmoil. Asian markets failed to hold onto the slight gains they made in early trading, and Japan's Nikkei index […]
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Japanese shares hit one-year low after falls in the US

22nd January 2016
Monday 18th saw Japanese shares hit a one-year low following following big falls in the US and as oil prices dropped below $28 a barrel for the first time since 2003. The benchmark Nikkei 225 closed down 1.1% at 16,955.57. The Australian economy also reacted to falling oil prices. The benchmark S&P/ASX 200 closed down […]
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Oil price drops below $28 a barrel

21st January 2016
The oil price has fallen as low as $27.67- the first time it is below $28 since 2003, while the existing oversupply problem is expected to be worsened by the lifted Western sanctions on Iran. It is predicted that the lifting of the Iran sanctions could result in the production of half a million barrels […]
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46th Annual Meeting of the World Economic Forum to Focus on Fourth Industrial Revolution

21st January 2016
Over 40 heads of state and government, as well as 2,500 leaders from business and society will convene at the 46th World Economic Forum Annual Meeting, from 20 to 23 January in Davos-Klosters, Switzerland, under the theme of Mastering the Fourth Industrial Revolution. Critical current challenges, such as security, climate change and “new normal” global growth […]
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