Business and Economics

Business and Economics News

Google investing in grass roots journalism

National news agency SWNS has won funding for a market-leading syndication platform in the first round of grants from Google’s Digital News Initiative (DNI). Google is making a total of £118m (Euro 150m) available in the DNI to support innovation in journalism through technology. SWNS is the largest independent press agency in the UK. The Bristol-based content provider is among just 17 successful applicants in the UK who have been offered funding by the tech giant. In February it was announced that 128...

Amount of bankers earning over €1m up to almost 3,000

By Joe Mellor, Deputy Editor The City of London has more than three times as many multi-millionaire bankers as the rest of the European Union combined. The number of bankers with a take home pay of over one million Euros (£800k) per annum rose to almost 3 thousand in 2014, one of which made an astonishing €25 million. The UK, which houses Europe’s biggest financial district in London, dwarfs the rest of the EU bankers in terms of large salaries,...

The Myths that Drive Austerity

By Prof Mary Mellor The justification for austerity is that the public sector must live within its means. There is a plausibility in the claim that the state is like a household that should not spend more than it earns. This kind of ‘handbag economics’ draws its analogy from a mythical household. Real households do not live within their means. If they did the economy would grind to a halt. Modern prosperity is built upon debt and the main aim...

‘Temporary’ renationalisation of UK steel an option, says Tory Minister

By Joe Mellor, Deputy Editor Tory Minister Anna Soubry made a shock admission as pressure grows to save the port Talbot steel plant. Business minister Soubry says 'temporary ownership' of Tata steel's assets could be an option. This comes as the company made the shock decision to put up for sale the loss making arms of its UK operation. The Tory minister said there is "huge sympathy" for the steel giant, but also added it is losing £1m a day....

VIDEO – World banking explained in less than 2 mins

By Joe Mellor, Deputy Editor This is an animated interview with IMF whistleblower John Perkins, author of "Hoodwinked" and "Confessions of an Economic Hitman." This short film manages to squeeze in a lot of information into a couple of minutes. Have a watch and see if you agree with his theory. Watch Video Here

Map of companies worth entire countries stock markets

By Joe Mellor, Deputy Editor The global stock markets have had a tough time of late and the largest corporations in the world dwarf some countries stock market valuation. For example Google and Amazon have a combined worth of $747bn, Netflix is $40bn and McDonald’s is around $109bn. These figures are pretty hard to get your head around, so Bank of America Merrill Lynch has created a map to help illustrate the size of these companies compared to stock markets...

5 Interesting Jobs You May Never Have Thought Of…

Project manager, administrator, account manager, sales executive, customer service advisor – spend any time on a recruitment site and you’re likely to stumble across most if not all of these job titles. They’re among the most common positions advertised in the UK and while they’re all perfectly worthy ways to earn money, they’re probably unlikely to spark any great passion. If you’re the sort of person who doesn’t want to settle for the norm and need a fresh and exciting...

Brexit “cost £100bn & 1m jobs” – Choice between “Great or Little Britain”

By Joe Mellor, Deputy Editor A recent report for PWC (PricewaterhouseCoopers) for the CBI claims that the economy faces serious damage if the UK opts for Brexit. If the UK moved out of the EU it would shock the UK economy, which could see up to 950,000 job losses and make the average household £3,700 worse of by 2020, the report warns. The analysis by PWC also said Leaving the EU could cost the UK economy £100bn (equivalent of 5%...

Brits Only Panic When They’re Over £45,000 In Debt

New research has revealed Brits don't panic about debt until they're over £45,000 in the red. A study into the financial behaviour of 2,000 adults found that 37 per cent say if they can’t afford to buy something, they usually find a way of getting it anyway, either by sticking the balance on a credit card, taking out a loan or dipping into the overdraft. Four in 10 people polled admit they rely on their credit cards to see them through the...

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