The Bank of England has revealed that it may take the cost of borrowing below zero for the first time in its over 300-year history; following moves by Eurozone countries to introduce negative interest rates. The move could effectively mean that savers pay to have their money with banks and are incentivised to borrow money and increase their spending.
Figures published by the Office for National Statistics (ONS) recently published have showed that the number of people claiming unemployment benefit went up from 856,000 to 2.1 million in April, with almost 1.5 million officially unemployed.
Technology charity, Jangala, has deployed a new product ‘Get Box’ to bring WiFi access to vulnerable individuals in the UK during the COVID-19 lockdown.
With recent news showing the British economy shrunk by 20.4% in April, several business owners are concerned about whether their businesses will recover and what the ‘new normal’ will look like. Here we chat to Pete Reis-Campbell, CEO and Founder of Kaizen, who discusses how he navigated the pandemic why remote working is the future for many companies.
Conducting a regular business audit is a vital document that is needed to help monitor and inspect the financial situation of a company. To prevent losing track of assets and overheads a business has, audits help bring clarity to managers where their cash in-flows and out-flows are going to and from.
According to UK Government statistics some 660,000 new companies are established each year and many of these will have plans to scale rather than to remain a micro business. Some founders will of course be happy to run their startup as a side hustle, and others will only be looking for a lifestyle business. But for many others that are looking for something larger, ‘how do I scale my business?’ is a question that I am often asked.
The world is now facing a public health crisis known as Covid-19 and a financial crisis. The crisis on our hands manifests differently for individuals and companies. The uncertainty over our ability to revert to our normal state creates pressures on mental health, relationships, and business performance.
Authors John Smythe and Ruth Saunders announce the publication of their book ‘Female Entrepreneurs – The Secrets of their Success’, written to inspire and encourage female entrepreneurship.
Data Tech startups are wanted for Lloyd’s Lab Cohort number 5! Lloyd’s are looking for looking for early and late stage companies who can help tap into alternative data sets to paint a more accurate picture of risk and help the market underwrite more profitably.
AI tech startup Greyparrot has raised £1.825m to tackle the growing waste crisis by introducing digitisation and automation to recycling. The round was led by Speedinvest, a leading early-stage industrial tech investor, with participation from Force Over Mass.
As we live through the most connected time in history, its clear to see that data plays a huge role in many businesses. It’s what keeps businesses running smoothly, so naturally it needs to be of the highest quality. But what are the most reliable sources? Customer feedback is at the top of most businesses lists. Customers certainly won’t hesitate to tell you what they like or dislike about your product or service. But how can we use all this information? Can conversations with call centres or an online chatbot harvest all the value from these conversations?
Placing marketing over product, dismissing potential partnerships and overstaying in a single market are key mistakes entrepreneurs should be on the lookout for when building a challenger bank.
UK SMEs are moving to accept card and contactless payments at an increasingly rapid rate as a result of the coronavirus crisis, according to findings published today by NatWest.
Ontruck, Europe’s leading digital road freight platform, has secured an investment round of €17 million euros led by OGCI Climate Investments (OGCI CI). Existing Ontruck investors, Cathay Innovation, Atomico, Idinvest Partners and Total Carbon Neutrality Ventures, participated in the round, with Endeavor Catalyst joining as a new investor.
I read once, ‘most people are starting from a disadvantage and do just fine’. I find these words encouraging and motivating. The reason being, they don’t know they’re disadvantaged because they simply, just get on with it.
Europe’s AI ecosystem is consistent with many of the continent’s other expanding startups, with the UK emerging as the most dynamic country for AI: that’s according to new research from PNY Europe in collaboration with 33INSIGHTS. The UK leads the pack with 529 incorporated companies (27%), followed by France with 424 (21%) and Germany with 182 (9%).
Following lockdown, the digital trust that blockchain creates for networks of remote users started to re-define relationships between customers, suppliers, partners and funders in earnest.
Artificial intelligence (AI) is transforming the technological landscape of the future. US-based technology company, is developing a consented and privacy preserving public dataset of human interactions for AI research. This video content will help researchers to advance the possibilities of machine learning within their applications. The contributors to the project are remote workers in the gig economy, also known as the ‘human cloud’. They are being crowdsourced by freelance hiring platform, Twine, through their extensive community of 350,000 freelancers.
Buzz Lightyear might not be the obvious choice of great leaders but we’re taking inspiration from his famous catchphrase in this article to encourage you to think big and define the vision for your organisation or team.
OurCrowd, the large venture investment platform, will host the OurCrowd Pandemic Innovation Conference on 22nd June to explore the latest technological solutions to the coronavirus crisis, including vaccination, treatment, diagnostics and prevention of the disease.
