Financial news

• The UK’s creative industries are being choked off by bureaucracy

  18-08-2018 18:00 via theguardian.com
  Fewer children will collect GCSEs in arts subjects this week, as education reforms stifle a sector also hit by petty regulationsThis week thousands of young people will learn how they performed in their GCSEs. One thing we already know is that the number of GCSE music entries is down over the last five years by 8%.Worse, performing and expressive arts entries have slumped by 26% over the period, while the number sitting exams in media, film and TV studies has dropped by 22% and drama entries are
  
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• Former UBS trader Kweku Adoboli vows to fight deportation

  18-08-2018 17:58 via theguardian.com
  Ghana-born 38-year-old appeals as Home Office tells him to go following jail termKweku Adoboli, the former UBS trader who caused a $2.3bn (£1.8bn) financial loss – the biggest in UK history – has vowed to fight attempts by the Home Office to deport him from the UK to Ghana, his country of birth.Adoboli, 38, has not lived in Ghana since he was four years old and describes himself as British.Continue reading...
  
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• With Brexit looming, energy sector builds new links to Europe

  18-08-2018 17:00 via theguardian.com
  Thanks to new interconnectors, imports could soon account for fifth of UK electricity needsWhile Westminster attempts to deliver Brexit within months, the UK’s energy system is set to become dramatically more dependent on the EU just as Britain leaves.Today, four cables – known as interconnectors – between the UK and Ireland, France and the Netherlands have a capacity of 4GW, providing around 6% of Britain’s power supplies. However, with 11 new connections linking the UK
  
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• ‘I regret spending a lot on takeaways’ – students on their money

  18-08-2018 11:13 via theguardian.com
  First years tell us what they learned about loans, overdrafts – and how to fund nights out
  •Student finance: here’s how to plan for the start of term Continue reading...
  
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• Emerging markets: who's taking the biggest hits and why?

  18-08-2018 09:00 via theguardian.com
  Trump trade tariffs and higher borrowing costs are causing problems from Turkey to ChinaDonald Trump’s trade tariffs are causing tremors in global markets. Emerging economies from Turkey to China are finding it more expensive to export to the US. Investors who put their money in safe havens after the 2012 Greek crisis are nervous again. The FTSE Emerging Index of stocks in the developing world tumbled last week, taking the decline in its value since the beginning of the year to more than 2
  
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• What laptop would be best for a student?

  18-08-2018 08:00 via theguardian.com
  Our daughter is off to university next month and needs a reliable machine for essays and emailsEvery week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.Our daughter is off to university next month and is demanding a new laptop. She needs a basic, reliable, hard-wearing machine on which she’ll write essays and do the usual laptop stuff – without costing a fo
  
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• Student finance: here’s how to plan for the start of term

  18-08-2018 08:00 via theguardian.com
  From loans to accommodation, here’s our guide to managing your money at university
  •Students on their money: ‘I regret spending a lot on takeaways’The long wait was finally over this week, with tens of thousands of young people finding out on Thursday morning that they had got into their first-choice university. Thousands of others whose A-level results didn’t go to plan will pick up a place on a course through the clearing process.But whether they are celebrating th
  
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• Property buyers dive in as Turkey’s lira plunges

  18-08-2018 08:00 via theguardian.com
  This week’s currency crisis has prompted a flood of overseas buyers seeking bargainsProperty investors have been flocking to Turkey this week in a bid to grab houses and apartments that have in some cases dropped from £55,000 a month ago to below £37,000 now.The highly-publicised collapse in the Turkish lira may have been a disaster for the country – and any British expat who bought there in the last two years – but it has been described as a bonanza for those holdi
  
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• Powering ahead: the new breed of electric car clubs

  18-08-2018 08:00 via theguardian.com
  Drivers can no get emission-free travel with no fuel costs – here’s how the schemes stack upCar clubs have long been hailed as an environmentally friendly option, reducing the number of vehicles on the road and cutting out unnecessary trips. But a new breed of car clubs is going one step further – by only renting out electric cars powered by a rechargeable battery.Clubs, such as Zipcar, have been around since 2000, and the concept is relatively simple. Members pay an annual or
  
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• Investing: It’s not that difficult to get the big things right

  18-08-2018 08:00 via theguardian.com
  Many people think investment is difficult to understand, but it needn’t be that wayEvery six months financial adviser Bestinvest publishes its list of “dog” funds that have slumped down the performance tables. The latest report contains howlers from some of the biggest investment groups: Invesco Perpetual gets a good kicking for five funds worth £15bn with woeful returns, while Aberdeen Standard has more than its fair share of hounds. Other big investment firms in the dog
  
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• ‘I earn £3m a year, but I don’t just throw money away’

  18-08-2018 08:00 via theguardian.com
  Businessman Simon Dolan on how he invests his cash – and his passions for cars and guitarsI might be a millionaire now but life wasn’t always like that. When I was 21, I had nothing. Debt was spiralling, I was three months behind on my mortgage, and I was totally desperate. I ended up placing a £10 advert in a local paper offering to do people’s accounts. It’s the only thing I knew – I’d previously worked at an accountants for 18 months. A florist respon
  
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• Can the UK and EU Cut a Brexit Deal on Financial Services? - Bloomberg

  18-08-2018 06:57
  Bloomberg
  Can the UK and EU Cut a Brexit Deal on Financial Services?
  Bloomberg
  With Brexit talks back from the summer holidays, it's worth considering one way in which failure to reach a deal before the U.K.'s departure in March would also be bad for the European Union. Such an outcome would unsettle the City of London, the motor ...en meer »
  
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• Bitcoin price: Crypto boss says bitcoin bubble has burst and THIS is why it's good news

  18-08-2018 01:01 via feedproxy.google.com
  BITCOIN price saw its highest value before Christmas when it reached a monumental price of just under $20,000 - Coinshares boss Meltem Demirors reveals why the plunge in price is good for the cryptocurrency.
  
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