Place human values before market values

The former Bank governor and now the UN special envoy for climate finance, Mark Carney focuses on the global financial system and corporate governance, along with climate change.  Carney’s detailed account of money and finance, where we get tantalising glimpses of life as a central banker – gilt chairs at a G20 summit in Riyadh…

Bitcoin’s market value exceeded $1tn

Bitcoin, the cryptocurrency, passed above £43, 100 ( $60, 000) for the first time as it has more than tripled in value since the end of last year powered by well-known companies adopting it as a method of payment. Bitcoin’s total market value exceeded $1tn, although it had wild price swings and has fallen sharply…

Tesco, Superdrug, Pizza Hut named and shamed for minimum wage fail

Superdrug, Tesco, and Pizza Hut are among the 139 firms named and shamed by the government for not paying workers the minimum wage, investigated between 2016 and 2018. They failed to pay £6.7m to more than 95, 000 workers. The minimum wage ranges from £4.15 an hour for apprentices to £8.72 an hour for over-25s.…

UK Government record borrwing in November

The UK government continued to support the economy during the pandemic by borrowing soared in November hitting £31.6bn the highest level on record according to the office for National Statistics and the third-highest figure in any month since records began in 1993. The Independent Office for Budget Responsibility has estimated that the amount of borrowing…

Sterling and FTSE fall as European borders close to the UK

The FTSE 100 fell 3 percent before recovering slightly, while the main German and French markets were nearly  3 per cent lower. Sterling fell 0.9 per cent against the Euro and dropped 1.6 per cent against the dollar. Travel restrictions hit airline stocks, with IAG, the British Airways owner down 8.6 per cent, EasyJet tumbling…

UK’s first unexplained Wealth Order as £1m diamond ring was seized

Zamira Hajiyeva, married to Jahangir Hajiyev, a banker, who is serving a 15-year sentence in their native Azerbaijan for stealing millions from his state-controller bank, managed to spend £16m in Harrods, by using 54 credit cards many of which were linked to her husband’s bank is currently fighting the UK’s first Unexplained Wealth Order (UWO).…

Rollercoaster ride for Bitcoin

On Wednesday16th December 2020,  the volatile currency Bitcoin gained 170 per cent this year and jumped 4.5 per cent to as much as  $14, 800 ($20, 000)buoyed by demand from large investors keen on its potential for quick profits. IN November investors had a bumpy ride with the cryptocurrency peaked at £19, 000 before dropping…