Tag: new business ideas

Young families were particularly hard hit by an “abrupt” slowdown in living standards in the year before the general election, a think tank says.The Resolution Foundation found that average income growth halved to 0.7% during that period compared with the

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Carl Rodrigues says that his family and friends all thought he had lost his mind.”Everybody thought I had gone completely nuts,” he says. “They were saying ‘what’s wrong with this guy? Is he having a hippy moment?’.”Mr

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Visa is waging a war on cash, with a scheme in the US encouraging small businesses to ditch it as a form of payment. Chief executive Al Kelly told investors last month that the company was “focused on putting cash out of business,” and is considering

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JP Morgan Chase boss Jamie Dimon condemned the state of US politics on Friday, saying political gridlock is hurting the US economy.He said Americans must “get our act together” or risk limiting themselves to 1.5% to 2% growth.”It would be much

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Barclays is in talks with Irish regulators about expanding its presence in Dublin in the run up to Brexit.It is the latest financial company to indicate how it is repositioning to cope with the UK’s exit from the EU. Barclays said Ireland provided a

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US banking giant JP Morgan Chase has reported a 13% rise in second quarter profits to $7bn (£5.4bn), lifted by strong growth of loans and deposits.It was the steepest profit rise of the three big US banks that reported quarterly results on Friday.Profits at Wells

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UK airline EasyJet is planning to set up a new company in Austria to protect its European business after Britain leaves the EU.The new airline, EasyJet Europe, will be based in Vienna. The airline must have an air operator certificate in an EU member country to allow

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The tuk-tuk or “auto rickshaw” – a traffic-dodging staple on the streets of India – is starting to make its way across Africa. Indian manufacturer Atul has assembly plants across the African continent and is promoting it as an economical

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Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US. The payments company is selecting 50 small companies in the US to receive $10,000 if they only use cards.The companies have to bid for

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Shares in drugs giant AstraZeneca have fallen for a second day following a report that its chief executive, Pascal Soriot, is to leave the company.On Thursday, a report on the Calcalist financial news website said Mr Soriot would join Israel-based Teva Pharmaceutical

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