Africa needs fintech – but fintech needs Africa more

What a difference a couple of decades make.At the turn of the century, Tony Blair remarked that “the state of Africa is a scar on the conscience of the world”. whatsapp whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoVitaminewsFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldVitaminewsUndo This week, on her first official visit to the continent, Theresa May embraced a new vision of optimism and hope.Read more: Theresa May sets sights on Africa trade as Brexit disputes rageShe spoke of the opportunities that Africa presents, stressing that “now is the time for the UK to deepen and strengthen its global partnerships” and that she looked forward to discussing “how we can do that alongside Africa to help deliver important investment and jobs”.While closer ties with the African continent offer a host of opportunities for UK businesses across all sectors, nowhere is that potential more obvious than in fintech. The truth is that the UK fintech industry and Africa need each other – and this mission is a timely one for our multi-billion pound sector.There is boundless opportunity here for ambitious entrepreneurs. Seven of the world’s 20 fastest-growing economies are African, and the continent’s total GDP is forecast to double between 2015 and 2030. By 2050, Africa will be home to a quarter of the world’s population. Thursday 30 August 2018 7:32 am Share They also play a critical role in financial inclusion. Receiving a remittance is often the first regular financial transaction that many people in sub-Saharan Africa will make.Once they’re “on the grid” financially, other life-changing financial services can follow: borrowing to invest in housing or to start a business, insurance against crop failure, and saving for education or old age.These kinds of applications prove that fintech is about more than neon credit cards, getting your change in bitcoin, or incrementally better services for rich western consumers on their third or fourth bank account.The sector’s promise – and the justification for the sky-high valuations fintech companies command – is the power to change lives on a colossal scale by offering financial inclusion and control to billions of people.Africa needs us for that, but fintech needs Africa even more.Read more: Diverse decisions: how the tech sector can boost gender diversity Africa needs fintech – but fintech needs Africa more That’s a huge untapped market – and, like other emerging economies across the globe, digital and mobile adoption are racing ahead.Nigeria is already by far the largest mobile market in Africa, with more than 135m wireless connections, and 70m people accessing the internet. Over 80 per cent of internet users do so through a smartphone connection, making Nigeria a huge “mobile-first” and nearly “mobile-only” market that is ripe for disruption.All of these factors add up to significant opportunities for the fintech sector. And the first order of business is driving financial inclusion.The size of the continent and its dispersed population make this a challenge, but fintech has the answer. The mobile payment service M-Pesa in Kenya and Tanzania allows anyone with a smartphone to deposit, withdraw or transfer money and to pay for goods and services. Azimo has a strong partnership with M-Pesa, with 96 per cent of our transfers to Kenya arriving in M-Pesa mobile wallets.Remittances sent home from the UK in this way really matter – for millions of people they alleviate poverty, feed families, educate children, and pay for medical care. In Nigeria, remittances totalled $22bn in 2017 – more than the country’s oil revenues. Michael Kent KentMichael Kent is founder and chief executive of Azimo. read more

Labour calls for workers to sit on company boards

first_img Tags: Jeremy Corbyn People Theresa May Share Under the policy, revealed as Labour launched its annual conference in Liverpool over the weekend, employee directors would be elected by the workforce and paid at a level equal to other board members.Corbyn said the change “help transform our broken economic model” and fight against “reckless corporate culture”.Under the new plans, companies with a workforce of 250 or more, regardless of whether they are public or private, would be required to reserve at least a third of positions in the boardroom for employee representatives.Read more: Labour leadership to ‘back members’ on second Brexit voteThe change would force companies to have a minimum of two employee representatives regardless of board size, and stipulate that representatives would have to be members of a trade union. Sunday 23 September 2018 4:16 pm whatsapp Corbyn accused Prime Minister Theresa May of having reneged on a promise to get workers onto the board of firms, made as part of her campaign for leadership of the Conservatives in 2016.May dropped an effort to introduce the change as part of a new corporate governance code, instead making it so firms can nominate a non-executive director to represent workers, or create an employee advisory council – with both options entirely voluntary.Read more: John McDonnell: Labour will nationalise railways within five yearsLabour said introducing worker-directors had popular support among voters, and pointed towards research which showed the UK has the lowest average business investment of any G7 nation as a share of GDP.A Survation poll in 2013 found that 76% of UK employees were in favour of workforce representatives sitting on company boards of directors.center_img Louis Ashworth Labour calls for workers to sit on company boards A Labour government would introduce laws requiring businesses to reserve a third of board seats for workforce representatives, party leader Jeremy Corbyn announced. Corbyn said company governance practices which prioritised shareholder interests were forming a corporate culture that focused on short-term gains at the expense of growth.Corbyn said: “Businesses have been allowed to get away with such exploitative practices because the balance of power has shifted against workers. That has allowed a reckless corporate culture to fester which is damaging Britain’s economy.“Labour will turn the tide and give workers more control and a real say at work. By ensuring businesses reserve a third of board seats for workers, we’ll help transform our broken economic model, as part of our plans to rebuild Britain for the many not the few.”The Institute of Directors, which represents company directors and business leaders, said Corbyn’s policy would prevent flexibility among businesses. Roger Barker, its head of corporate governance, said: “Employee directors are a valid option, but imposing them on all large businesses is a step too far.“Firms should be allowed flexibility in how they take account of a wider range of stakeholders perspectives, including those of employees. The new corporate governance code, which outlines various options for enabling employee input, is in this light a far more apt approach than today’s proposal.” whatsapplast_img read more

Not all foreign criminals should be deported – the case of Kweku Adoboli reveals a system that is too draconian

first_imgMonday 12 November 2018 7:21 pm whatsapp whatsapp Not all foreign criminals should be deported – the case of Kweku Adoboli reveals a system that is too draconian Dig beneath the surface, however, and you will quickly discover a number of examples that are not so straightforward.In recent months a couple of cases have caught the attention of City workers and other Londoners. In south London a man called Hilary Ineomo-Marcus is facing deportation despite having lived in Britain for the majority of his life. He has a British wife, British children, and a number of other British relatives. Moreover, since being released from jail for tax-related offences he has earned widespread praise for helping other prisoners reform their lives.Another case concerns Kweku Adoboli, the former rogue trader who cost UBS £1.8bn.Adoboli was born in Ghana but spent many of his early years in the Middle East, before moving to the UK as a child in 1991. Once a City high-flyer, his financial career ended in scandal; he was convicted in 2012 and served time until 2015. Since then his lawyers say he has been trying to raise awareness of his experience, warning other young financial workers from making similar mistakes. Tonight, he is being held at a removal centre near Heathrow and could be deported to Ghana this week.No special privileges should be granted to bankers, or former bankers, such as Adoboli. The UK proudly operates a rule of law under which everyone should be treated equally. However, both of the cases above bring current laws, and the approach of the Home Office, into question. Julian Harris Tags: Tax UBScenter_img Share Current policy says all foreign nationals sentenced to 12 months or more must be deported. But where is the value, or the justice, in deporting men who have served their punishments, pose no further perceivable threat to society, and appear to be striving to right their wrongs?It must be possible to develop a system that takes a strong line on dangerous foreign criminals, yet isn’t so blunt as to deport reformed wrongdoers with decades-long links to the UK and the ability to contribute to our economy and society as a whole.The planned deportation of Adoboli and similar ex-offenders looks not only draconian, but ultimately self-defeating. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostMoney CougarLily From The AT&T Ads Is Causing A Stir For One ReasonMoney CougarMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.com Foreign criminals should be deported when they have served their sentences – this is effectively the government’s position, and one that remains popular with voters.On the face of it, the policy seems entirely reasonable; why should the UK show clemency to people who arrive on these shores and commit crimes against our citizens? And in most cases, it is probably justifiable.last_img read more

Cyber committee urges government to do more to combat security risks

first_img Cyber committee urges government to do more to combat security risks The NCSC said last month that Russia’s state spy agency was “almost certainly responsible” for a 2015 theft of email accounts and content from a UK TV station, the 2016 hack on the US Democratic National Committee, and the Bad Rabbit and World Anti-Doping Agency attacks in 2017.In May last year, the National Health Service was one of many institutions internationally targeted in the WannaCry cyber attack, thought to be the actions of agents in North Korea.The report also noted that recent robust regulation that has been introduced in the UK “was not the government’s own initiative, but instead flows from our acceptance of EU-wide regulations”.It called on the government to do more to ensure cyber risks are properly understood at board-level, embedding the view that cyber risk is another threat that must be proactively managed by businesses.”Too often in our past the UK has been ill-prepared to deal with emerging risks,” said committee chair Margaret Beckett. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoHero Wars This game will keep you up all night! Hero Wars Undo Emily Nicolle Tags: Trading Archive Share The UK government is in dire need of political direction on responding to national cyber security threats, as current efforts have left the country’s infrastructure and businesses “wholly” unprepared for another attack.The joint committee on the national security security strategy warned today that the UK’s critical infrastructure sectors, including energy, health services and water, face a “potentially devastating” immediate threat from attackers. Monday 19 November 2018 9:59 am whatsapp whatsapp “The Government should be open about our vulnerability and rally support for measures which match the gravity of the threat to our critical national infrastructure.” In a report compiled by a number of senior MPs and peers, the committee said ministers are failing to deliver on its cyber security strategy “with a meaningful sense of purpose or urgency”, leaving industry body the National Cyber Security Centre (NCSC) underfunded and underequipped to achieve its goal.Moreover, it urged Prime Minister Theresa May to appoint a dedicated cyber security minister to cabinet, tasked with improving the country’s cyber resilience across the critical infrastructure sectors.”Identifiable political leadership is lacking,” the report said. “There is little evidence to suggest a ‘controlling mind’ at the centre of Government, driving change consistently across the many departments and CNI sectors involved. Unless this is addressed, the Government’s efforts will likely remain long on aspiration and short on delivery.”The move comes after the UK was hit by a string of national cyber security attacks and threats in recent years, culminating in several moves by the Russian government against its infrastructure.last_img read more

Notting Hill Carnival 2019: Police make 353 arrests

first_imgMeanwhile British Transport Police made eight arrests on Sunday and 22 on Monday. LONDON, ENGLAND – AUGUST 26: A general view of atmosphere on the Red Bull Music x Mangrove truck at Notting Hill Carnival 2019 on August 26, 2019 in London, England. (Photo by John Phillips/Getty Images for Redbull) Tuesday 27 August 2019 9:32 am Share whatsapp “I am, once again, extremely disappointed that a number of people feel that they can assault my officers who are working in very difficult circumstances to try and protect everyone in attendance,” Commander Dave Musker said. Notting Hill Carnival came to a conclusion yesterday after two days of celebrations in the capital. The London Ambulance Service treated many Carnival goers for dehydration amid what is believed to be the hottest ever Notting Hill Carnival. “The weekend brings together a wide range of people from all over the capital, and beyond.” whatsapp “Carnival is one of London’s best attended events, celebrating the diversity of this amazing city and everything that it stands for,” he said. “Officers put themselves on the frontline and should, under no circumstance be assaulted for protecting the public. We will adopt a zero tolerance approach to any assault on police officers.” Notting Hill Carnival 2019: Police arrest 353 people at annual celebration The Metropolitan Police made 353 arrests at Notting Hill Carnival 2019 over the weekend as they warned that a small number of people “attempted to ruin the event” for other revellers. But the Met said today it made 111 arrests on Sunday and 242 on Monday. Officers arrested 162 people in connection with drug offences. Read more: How Notting Hill is defying London’s house price slump He added: “A small number of people attempted to ruin the event by bringing dangerous weapons with them.” Read more: Notting Hill Carnival 2019: Everything you need to know Notting Hill Carnival 2019’s attendance is believed to be around 1m, as London temperatures boiled over to 31C on the Bank Holiday Monday. LONDON, ENGLAND – AUGUST 26: Courtney Rumbold (2ndR) and Leigh-Anne Pinnock attend the Red Bull Music x Mangrove truck at Notting Hill Carnival 2019 on August 26, 2019 in London, England. (Photo by John Phillips/Getty Images for Redbull) LONDON, ENGLAND – AUGUST 26: Revellers watch a dancing granny at the Rampage stage at The Notting Hill Carnival on August 26, 2019 in London, England. (Photo by Chris J Ratcliffe/Getty Images for Idea Farm) Another 37 arrests were made for assaulting police officers and 34 were arrested for possessing offensive weapons. The festival left 30 police officers with minor injuries, prompting the Met to criticise criminal activity that risked marring the celebrations. The Met introduced a search order across Notting Hill on Monday to tackle violence, and Musker added that it “should send a clear message to those intent on bringing weapons to Carnival, that we will do everything in our power to stop them and arrest them”. LONDON, ENGLAND – AUGUST 26: Revellers and paraders during the Notting Hill carnival on August 26, 2019 in London, England. (Photo by Peter Summers/Getty Images) More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Musker added that the vast majority of the Carnival occurred peacefully. Joe Curtis last_img read more

Sterling falls as hopes stall on Brexit talks

first_imgPrime Minister Boris Johnson is in Luxembourg this morning to meet European Commission president Jean-Claude Juncker, but traders and pundits do not expect the meeting to be productive. It has since climbed four per cent, however, after MPs passed a bill that will force Johnson to seek an extension to Britain’s EU membership if a deal cannot be reached. Harry Robertson “The possibility that the UK government and the EU will agree on a new deal before 31 October is remote,” said Commerzbank analyst Ulrich Leuchtmann. Read more: PM Johnson tips deal in ‘weeks’ ahead of Juncker meeting Johnson has said that any deal must remove the backstop, the device that seeks to prevent a hard border on the island of Ireland, but Juncker has insisted that the EU will not re-open the withdrawal agreement, of which the backstop is a key part. Sterling’s fall helped buoy the FTSE 100 stock index, however, on a day when European markets were falling due to a drone attack on Saudi Arabia that saw oil prices spike. The FTSE was 0.2 per cent lower at 7,354.37. The pound was 0.4 per cent lower against the dollar at $1.245, while it was 0.3 per cent lower against the euro at €1.126. Monday 16 September 2019 11:21 am whatsapp Brexit: Sterling falls as Boris Johnson and Jean-Claude Juncker remain at loggerheads Yet renewed fears over Johnson’s tactics and the possibility of reaching a deal have sent sterling lower this morning.center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun Share “The EU is unlikely to give in on the Ireland backstop, while the UK government has so far not presented any new proposal to overcome this hurdle.” Read more: European stock markets fall as oil worries shake investors The pound has shed half a per cent against the dollar this morning as worries grow that Britain and the European Union are no closer to reaching a new Brexit deal. “All in all, we therefore expect the UK to seek a further postponement of Brexit to 31 January 2020, making the recent GBP recovery sustainable.” whatsapp Sterling dropped to lows not seen since the mid-1980s in August – falling through $1,20 – as Johnson looked intent on pulling Britain out of the EU without a deal, which investors think would be economically damaging. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKansas coach fired for using N-word toward Black playerthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comlast_img read more

Sexual assaults on Tube rise 42 per cent since 2015

first_imgThe number of reported sexual assaults on the London Underground has risen 42 per cent over the last four years, according to new data. She added: “We know that for too long these crimes have gone unreported, but as a result of the Report It to Stop It campaign, the number of people reporting these disgusting crimes with the confidence that action will be taken, has increased.” Read more: Bank Tube station upgrade hits major milestone TfL said it has had success running undercover patrols on the Tube, focusing on the Central Line, where it plans to install CCTV from next year. Detective inspector David Udomhiaye, of the British Transport Police (BTP), said the force expects a rise in sexual offences after launching its Report It To Stop It campaign in April 2015. Ben Millis A TfL spokesperson said: “We have met with the RMT to reiterate our commitment to ensuring the safety of our staff and outline the steps we have taken to address their feedback. We will continue to engage with them to ensure all staff feel safe and secure while performing their duties.” However, Mick Cash, general secretary of the RMT union, accused TfL of contributing to the rise through staff cuts and a lack of investment in safety measures. “Though it is clearly a concern that so many people are affected by this type of crime, it is pleasing that previously reluctant victims of sexual offences now have the confidence to report this to us,” he told the Independent. Monday 23 September 2019 4:18 pm Attacks on the capital’s transport network have jumped from 844 in 2015-16 to 1,206 in 2018-19, the PA news agency’s analysis of figures found. A poster, aimed at EU citizens living in the UK, encourages EU nationals to apply to the Government’s post-Brexit EU settlement scheme, is pictured through a carriage of a London Underground tube train, at St James’s Park underground station in London on March 25, 2019. – The scheme will allow EU nationals and their family members who have lived in the UK for five years without a break, to obtain settled status — enabling them to continue to live and work in the UK indefinitely. (Photo by Adrian DENNIS / AFP) (Photo credit should read ADRIAN DENNIS/AFP/Getty Images) center_img whatsapp “RMT will not be fobbed off and if Tube bosses think they can just kick the can down the road on violent assaults on the Tube network then they need to think again, and quickly,” Cash said. The RMT is planning now planning industrial action on the District Line over the issue of staff’s personal safety. Sexual assaults on Tube network have risen 42 per cent since 2015 by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterMisterStoryWoman files for divorce after seeing this photoMisterStoryPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost Funbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout Read more: Shaun Bailey confirms he would hike Tube fares as London mayor Saying TfL has given “a green light to those with criminal intent”, Cash added: “Both passengers and staff alike are being subjected to an unprecedented surge in crime and violence.” Share whatsapp Siwan Hayward, director of policing for Transport for London (TfL) said: “TfL and British Transport Police work tirelessly to combat unwanted sexual behaviour, with 3,000 police and police community support officers dedicated to catching offenders.  More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

HSBC and First Direct glitches leave customers unable to access accounts

first_img HSBC is set to close 82 of its branches. (Getty Images) HSBC also reaffirmed their commitment to refund any overdraft fees incurred as a result of customers being unable to access their account. Read more: HSBC Swiss unit fined $192m over US tax evasion Both banks assured customers on social media that everything was being done to allow them to access their accounts online as soon as possible and now the problem has been fixed. It resulted in a number of people taking to Twitter to vent their frustration with them unable to access funds just days before Christmas. Customers were unable to access their online or app banking from around 7:40pm last night and then again throughout today despite claims the issues had been resolved in the early hours of the morning. HSBC said last night: “We’re aware some customers are having problems using Online & Mobile Banking. We’re really sorry and are working hard to fix this.” However, they since acknowledged this morning that they were still having problems, which were similarly affecting subsidiary First Direct. However, neither bank have explained what exactly caused the issue. Tags: HSBC Holdings “Our Online & Mobile Banking services are now available again. We’re sorry for any inconvenience this may have caused,” it said. HSBC and First Direct IT glitches leave customers unable to access online and mobile banking center_img But shortly after midnight claimed to have resolved the problem. Michael Searles “We are sorry to customers for the disruption to access to our online and mobile services last night and this morning. Our online & mobile banking services are now fully available again. We will be happy to help our customers with any issues that have arisen because of the disruption,” an HSBC spokesperson said. whatsapp Share Friday 20 December 2019 4:25 pm HSBC and First Direct have resolved issues causing intermittent problems for customers accessing online and mobile banking over the past 24 hours. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun HSBC said this morning’s problem was a “new technical issue” and tweeted in reply to a customer that “in doing a few residual repairs to make sure it doesn’t happen in the future, there are a few people who are having issues again”. Show Comments ▼last_img read more

Donald Trump says US will impose additional sanctions on Iran

first_imgTrump labelled Soleimani the “world’s top terrorist” in his statement, adding that he “should have been terminated long ago.” Read more: Airlines divert flights around Iran and Iraq after missile attacks and Boeing crash He added that the sanctions would remain in place until Iran changed its behaviour. He said that Iran “appeared to be standing down” in the aftermath of the attack, adding that it would “never be allowed to have a nuclear weapon.” Tags: Donald Trump Iran Share whatsapp Wednesday 8 January 2020 6:00 pm He seemed to lay the blame for Iran’s recent actions at his predecessor’s door, saying that the deal had greatly increased Iran’s hostility. Trump called on the international community to recognise that the Iran nuclear deal negotiated by Barack Obama had failed, and said he would seek to involve Nato on the Iran situation. Earlier, Trump tweeted that “all is well” after briefing with top Pentagon military officials. In recent months, Iran has launched attacks against Saudi Arabian oil processing facilities at Abiqaiq and seized tankers in the gulf. The president said that no Americans were harmed in last night’s attacks, and that the US would continue to assess its options in response. Raab later landed in Washington for security talks with secretary of state Mike Pompeo. Prime minister Boris Johnson confirmed that there were no casualties in an appearance in the House of Commons earlier today. center_img Read more: Gold and oil prices climb as Iran crisis deepens after attacks whatsapp Show Comments ▼ US president Donald Trump has said that the US will “immediately impose punishing additional sanctions” on Iran after the Islamic Republic fired missiles at two US bases in Iraq. In his statement, the president made a point of highlighting the US’ energy independence, saying that it was no longer dependent on oil from the Middle East. Iraqi officials have warned that the situation is a “dangerous crisis” that threatens to destabilise the country and the region. UK foreign secretary Dominic Raab condemned the attack, urging Iran “not to repeat these reckless and dangerous attacks, and instead to pursue urgent de-escalation.” Tensions have been on a knife edge in the Middle East since the killing of top Iranian general Qassem Soleimani in an US air strike in Iraq on Friday. Oil prices dropped dramatically on the back of Trump’s statement, with Brent crude falling nearly four per cent as fears of a wider conflict subsided. Iran fired more than a dozen ballistic missiles at at least two military bases where coalition forces were based in the early hours of Wednesday, the US military said. Edward Thicknesse Iran’s supreme leader, Ayatollah Khamenei, labelled the attack a “slap in the face” for the US. The president said that the US had tolerated Iran’s activities in the Middle East since 1979 but that now “those days were over.” Donald Trump says US will impose additional sanctions on Iran last_img read more

BoE weighs pros and cons of central bank digital currencies

first_imgThe Bank has said that a CBDC would not make existing payment systems redundant, although they may become so in the very long term. Its staff think there is no reason two payments systems could not operate alongside each other. Among the drawbacks of a digital currency are that it could lead to financial disruption if everyone switched from one system to the other, the Bank’s discussion paper said. The Bank of England is increasingly taking seriously the idea of central bank digital currencies (AFP via Getty Images) Also Read: Bank of England weighs pros and cons of central bank digital currencies The Bank requested written responses from people with thoughts about the idea by 12 June. The Bank of England has asked for people’s views on the creation of a central bank digital currency (CBDC) as it weighs the pros and cons of launching its own. whatsapp A CBDC would give people and businesses a new form of money issued by a central bank – making it completely safe – that would create a new way to make payments. Currently, the public can only hold central-bank issued money in the form of coins and notes. The threat of private digital currencies, such as Facebook’s libra, has prompted central banks to think hard about whether they will launch their own currencies. CBDCs differ from digital cash, which is just an electronic representation of physical money. A central bank currency would be a complete replacement for notes and coins, although the two could be convertible. Bank of England weighs pros and cons of central bank digital currencies Several central banks – including those of Sweden and China – are working on their own CBDCs. Carney said a CBDC for the UK “could support a more resilient payments landscape”. He added: “It also has the potential to allow households and businesses to make fast, efficient and reliable payments, and to benefit from an innovative, competitive and inclusive payment system.” whatsapp Governor Mark Carney said in a discussion paper published today that although “the creation of a CBDC poses a number of opportunities, it could raise significant challenges for maintaining monetary and financial stability”. The Bank of England is increasingly taking seriously the idea of central bank digital currencies (AFP via Getty Images) Thursday 12 March 2020 12:17 pm Carney said the CBDC “would need to be very carefully designed if it were to be introduced”. Share The Bank of England is increasingly taking seriously the idea of central bank digital currencies (AFP via Getty Images) Also Read: Bank of England weighs pros and cons of central bank digital currencies Harry Robertson The BoE is unsure exactly what the design of the CBDC would be, should it go ahead. That is why it has asked for public engagement on the topic, it said today. Show Comments ▼last_img read more