Business and Economics
Business and Economics News
London and US win in Global Cities Index as China loses ground
Los Angeles has been named as the top global city in the third publication of the Schroders Global Cities 30 index, narrowly beating London which took second place. US mega-cities dominated the latest index taking 18 of the top 30 places, including four of the top five spots. Los Angeles jumped from sixth place to first, whilst Boston saw one of the biggest leaps in the index going from 24th place to third place. Chicago jumped from 10th place to...
Retail figures paint grim picture ahead of Brexiversary
Grim retail figures have been released ahead of the one year anniversary of the European Union (EU) referendum. From 2016-2017, UK consumers, on a daily average, made 3,923,336 purchases online, but that number plummeted on key Brexit dates. The day referendum results were announced 1,642,100 purchases were made in the UK - a drop of 58 per cent against the daily average. The recent General Election also saw a significant dip and the day Article 50 was triggered saw levels stoop...
Has the UK election results had any impact on the price on Bitcoin?
The recent skyrocket in Bitcoin’s market value has caused there to be a great deal of speculation about how long lasting this success will be and whether it is just a matter of time before it sees a significant crash (as was the case on previous occasions). As Bitcoin is decentralised by nature, it is possible that it will perform differently than other currencies as it is not controlled by any company, government or a particular organisation. Bitcoin, the very...
Considerations For Going Global
It's a wonderful milestone for a company when it reaches the point where it can expand into overseas operations. The term "multinational" is used to describe these firms, and the title of being a multinational corporation is one of distinction. A company that has become so successful as to have the opportunity to do business on other continents is held in the highest regard by everyone from stockholders to customers. Of course, it takes more than a terrific sales volume...
Why Employee Morale is Important and What You Can Do to Improve It
Employee morale is important for creating a positive work environment. High employee morale includes having a good attitude, feeling confident and satisfied. It is important for productivity levels in the workplace. Although as an employer you can’t decide whether your staff members have good morale, you can take action to influence it. Reward Hard Work Everyone likes their efforts to be noticed and it is even better if they are rewarded. Consider offering incentives like days out for employees who...
Demand for urgent action on cost of living crisis as retail sales slump
The Government must look after ordinarily working people as growth lowest for four years. GMB union has called for urgent action on the cost of living crisis as retail sales growth slumped to its lowest level for four years. Figures from the ONS this morning show that the annual retail sales growth rate was the lowest since April 2013. Non-food stores were the main contributing factors to this slowdown with an annual fall of 1.2% and predominantly food stores saw...
Average pay drops as inflation soars
The average pay has dropped by 0.4 per cent, new figures have a revealed - a day after news broke that inflation has shot up to 2.9 per cent. Even taking into account bonuses real average weekly earning, taking account of inflation, decreased by 0.4 per cent and by 0.6 per cent excluding bonuses. Today’s figures are the first time average earnings, including bonuses, have gone into decline since 2014. GMB says the squeeze in pay and living standards is more evidence the...
UK in desperate need for a pay rise as wages drop AGAIN, says Union
Conservative’s flawed economic plan exposed once more as average pay drops even including bonuses GMB says the UK desperately needs a pay rise as average real terms wages drop once again. Even taking into account bonuses real average weekly earning, taking account of inflation, decreased by 0.4% according to today’s figures – and by 0.6% excluding bonuses. Today’s figures are the first time average earnings, including bonuses, have gone into decline since 2014. Just yesterday ONS figures showed inflation has...
The economic outlook is “uncertain”
Uncertainty was the theme in the latest Global Economy Watch from accountants PWC. Almost a third of business leaders say they expect at least one crisis within the next three years, and uncertain economic growth is perceived to be the biggest threat to business. Uncertainty over Brexit could dampen business investment and push up household savings rates, further dampening consumer spending growth. A hung parliament following the UK election could also add to business uncertainty. Barret Kupelian, senior economist at...