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Rising Interest Rates and Their Possible Impact on Enterprises
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Interest rates have a great significance in the performance of businesses, and how well they are likely to operate after start-up. As an entrepreneur, you need to be keen on interest rate trends to get an idea of when to borrow and when to hold a little bit longer. With rising interest rates, various impacts are likely to be felt on enterprises. 


Interference in Business Planning

A rise in interest rates has a significant impact on the profitability of a business. When banks charge higher interest rates on loans given to enterprises, small businesses with loans set at a fixed...

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Cryptocurrency and its associated risks
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Security experts are warning that cryptocurrency is just as vulnerable to hackers as any of your regular digital devices. Virtual currencies such as Bitcoin, Ripple, Dash, Litecoin and Ethereum are increasingly becoming popular. However, the fact that they are unregulated and highly volatile makes them prime targets for criminals to exploit.


Risks associated with Cryptocurrency

This hugely limits its use as a currency for performing transactions. The cryptocurrency market is rife with manipulation and it is unknown who owns virtual currencies. The huge price swings make the holders...

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Practical Advise
Tips for Effective Dunning
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Many businesses, especially those in the initial stages of establishment, suffer a lot due to debts owned by clients. An occasional phone call or email to ask the customers to settle the debts may not be of much significance. For the best practice in reaching out to your clients to pay up, you should consider the following factors. 


Be Friendly

The goal of dunning is not to threaten your clients to pay up, but instead, remind them that their bill is overdue. You still want to retain your customer, and as a result, you should portray professionalism in your communication. A...

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Economy And Finance In The New German Coalition
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After four months of political deadlock, Germany's main political parties finally agreed to form a coalition government, after the inconclusive elections that were held in September last year. Despite the breakthrough, there were no sound cheers to the country's economy and finance. Germany's industry and finance experts argue that the deal agreed by the country's main political parties are much worse than initially expected as they do not make the economy fit in years to come.


Why are economists and industry experts worried?

In the deal agreed by CDU/CSU and SPD, a...

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London’s Proposed Plan for Financial Services Post-Brexit Rejected by EU
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The City of London has suffered another blow to its post-Brexit arrangements as the EU rejected its proposal of a trade deal for the financial services industry. Britain’s looming exit from the bloc in 2019 has London financiers working to retain the relationship that the capital has with the rest of Europe. In the proposal to the EU, the City of London laid out a plan of letting Britain conduct cross-border trade as long as both parties would stick to international standards. 


No Agreement

However, officials from the Commission did not accept the proposal, which...

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World Economic Forum In Davos: Key Takeaway
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This year's World Economic Forum in Davos attracted over 70 heads of states and around 3,000 participants. President Donald Trump was a surprise participant having missed the 2017 event. Here are some of the issues that were discussed:


World Economy Outlook

With regard to the world economy, the president of the International Monetary Fund, Christine Lagarde, is optimistic that it will continue to witness positive growth. She does not foresee a major financial crisis as long as there is no major political crisis. However, she warns of resting too much on achievements and calls for...

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Changes through the PSD2 Directive
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Payment Services Directive II (PSD2) arrived in Europe on 13 January 2018, after two years of planning. The idea behind EU having this regulation is to open access to services and data to third-party service providers, a privilege which was initially limited to banks only. Banks will permit financial service providers to access their clients’ accounts via an Application Program Interface (APIs). 


What is the Effect of PSD2 on Banks and Customers?

With non-bank payments service providers expected to have access to bank APIs, the customers are undoubtedly the biggest...

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China's bold Silk Road-style plan to link Europe and Asia faces setbacks and costs
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In a bid that has frequently been sensationalized as a "modern Silk Road", China has invested more than $14 billion in creating railways, ports, and other avenues of trade and travel between Asia and Europe, which are otherwise connected only by Russia. China is set to invest much more in this Silk Road, but that may change, if their current difficulties, mostly resulting from relations with Pakistan, continue.


China's economic trade programm for Europe and Asia

Officially called the "Belt and Road Initiative", China has financed a wide array of projects...

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Global Economy to Grow in 2018
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In a move that has surprised many analysts, the World Bank has predicted that the global economy will grow 3.1 % in 2018 –  the highest prediction in the last seven years. This comes after 2017 produced a better-than-expected growth, which boosted global GDP by 3 %.


Drivers behind the expected growth

The World Bank noted that all the major regions in the world were experiencing positive economic growth. This, too, has happended for first time since the 2008 financial crisis. The US, Japan and EU are witnessing economic expansion, while emerging market economies...

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Is a financial crisis due to hackers possible?
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Since the turn of the millennium, hacking incidents in various economic sectors have been on the rise. Today, the impact of these cyber crimes is being felt by the whole economic ecosystem, and it is feared that these hackers will catalyse the next global financial crisis. 


Industries targeted

In the recent past, the banking industry has been a major target for hackers. While at it, these cybercriminals access bank records and alter the customers’ bank balances. This has been supported by Mark Boleat, the head of policy for the City of London. He believes...

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