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Digital tax among finance bill measures shelved

More than half of the finance bill has been put on hold until after the general election to allow more debate on dozens of controversial measures, including plans to force landlords and small businesses to keep digital records. High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the ... Read More »

French presidential poll a bellwether for Europe

France voted on Sunday in the first round of a bitterly fought presidential election that is crucial to the future of Europe and a closely-watched test of voters’ anger with the political establishment. Over 50,000 police backed by elite units of the French security services patrolled the streets less than three days after a suspected Islamist gunman shot dead a ... Read More »

Alt finance takes the unicorn lead

BI Intelligence This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Billion-dollar valuations are broadly considered to be an important marker of a young company’s viability, and a key indicator of potential future returns for investors. However, in many geographies, VC investment in fintech has been slowing recently, and such valuations ... Read More »

Turkey’s Erdogan declares referendum victory, opponents plan challenge

President Tayyip Erdogan declared victory in a referendum on Sunday to grant him sweeping powers in the biggest overhaul of modern Turkish politics, but opponents said the vote was marred by irregularities and they would challenge its result. Turkey’s mainly Kurdish southeast and its three main cities, including the capital Ankara and the largest city Istanbul, looked set to vote ... Read More »

Britney Spears’ dad Jamie Spears ‘still controls her finances after her breakdown a decade ago’

Britney Spears reportedly can’t access her own money (Picture: Getty) The Toxic singer is said to have a conservatorship where under US law a responsible adult is appointed to look after the finances of another adult that can’t care or manage their own finances themselves. This arrangement with her dad Jamie Spears came about after Britney’s mental breakdown in 2008 which saw ... Read More »

RBI proposes wholesale, long-term finance banks

The Reserve Bank of India (RBI) on Friday proposed to float wholesale and long-term finance (WLTF) banks that would fund long-term high-value projects — something similar to the development finance institutions (DFIs) of the past. “Going forward, considering the existing landscape of banking and non-banking services in the country, it is felt that there is a need to explore the ... Read More »

Trump’s spending agenda could be a ‘recipe for disaster’, says NYU finance professor

The problem for President Trump is implementing his agenda: Expert  12 Hours Ago | 02:51 President Donald Trump’s spending reform agenda could turn out to be a “recipe for disaster” and a significant risk to the U.S. economy if more attention is not paid to the implementation process, NYU finance professor Edward Altman has warned. Describing the policies as “risky,” Altman ... Read More »

The week ahead in business and finance

Ladbrokes Coral will publish its  maiden full-year results as a newly merged group on Tuesday Monday March 27 Full-year results:Eleco, Bank of Cyprus Holdings, Inspired Energy, X5 Retail Group Interim results: You Gov Trading update: Toople Economics: GfK consumer climate (GER), private loans y/y (EU), M3 money supply y/y (EU) Tuesday March 28 In its maiden full-year results as a ... Read More »

Global finance gathering struggles to define trade stance

BADEN-BADEN, Germany (AP) — Financial officials from the world’s biggest economies are struggling to define a common stance on trade in the face of the Trump administration’s insistence that cross-border commerce must be “fair” as well as “free.” Finance ministers from the Group of 20 powers comprising more than 80 percent of the global economy debated the wording of their ... Read More »

Finance companies grapple with the age of uncertainty

Just over a year ago, when Lloyd Blankfein, chief executive of Goldman Sachs, and Gary Cohn, the investment bank’s then president, wrote their annual message to the company’s shareholders, they talked of “pervasive uncertainty”. They cited worries about economic growth, monetary policy and investor sentiment, and wrote that the UK’s referendum on EU membership, the US presidential election and market ... Read More »