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Archives for January 2020
Manufacturing weakness dents Germany’s labour market
BERLIN (Reuters) – German unemployment rose more than expected in December, according to figures released on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy. Data from the Federal Labor Office showed the number of people out of work rose by 8,000 to 2.279 million […]
Smart home connectivity: 3 steps to overcome major obstacles
Connected appliances, or sometimes referred to as ‘white goods’, have quickly grown to become the fourth largest category of smart devices, and they’re expected to dominate the smart home market in just two short years. But with the rapid growth of the industry, says Steve Davidson, Steve Davidson, VP, Fortegra Warranty Group, the complexity of […]
Cannabis and related industries are the next big thing for accountants. – Accounting Today
While a number of accounting firms have dived into serving the cannabis industry, far more are sitting on the sidelines — and whether they’re waiting to see how the pioneers fare, or don’t want to get involved because marijuana remains illegal at the federal level, they’re missing out on a much bigger set of opportunities. […]
The State of the US Consumer
As I mentioned in my piece the other day, the consumer is now singlehandedly holding up the US economy, representing almost 80% of activity and growth. Strong consumer confidence is based upon the wealth effect from booming 401(k) balances, the steady rise in wages (especially at the lower end these past few months), the tight […]
Immediate action required to meet new AML legislation
At the end of last year, the Government introduced the Fifth EU Money Laundering Directive (5MLD), which will come into force on 10 January 2020. As part of the ‘The Money Laundering and Terrorist Financing (Amendment) Regulations 2019’, the new regulations update the UK’s Anti-money laundering (AML) administration and will integrate international standards set by […]
Client referrals and extra staff top adviser 2020 growth plans
Client referrals and pension transfers were seen as the biggest opportunity areas by financial advisers in 2019, according to a survey by fintech Intelliflo. For 2020 recruiting new staff has replaced pension transfers as the second most popular opportunity for companies, with pension transfers slipping to third place. Existing clients recommending new clients and pension […]
More than 600 convicted in 2019 for tax crimes
HMRC convicted more than 600 individuals for tax crimes in 2019 and started more than 610 new investigations. The tax authority says that its Fraud Investigation Service brought in £5bn during the year through civil and criminal investigations, in line with previous years. Convictions and probes covered every type of financial crime including tax […]
XpressBees secures $10M funding from Alibaba
Logistics startup XpressBees has raised Rs 71.2 crore ($10 million) in fresh funding from existing investor Alibaba, regulatory documents filed by the company showed. This is the latest investment by the Chinese e-commerce firm, whose funding activity in India has slowed sharply in the past one year. Busybees Logistics Solutions, which runs XpressBees, issued 9,317 […]
Other people’s money was the tech innovation of the decade
By Shira Ovide Technology changed every molecule of life in the 2010s. Airbnb, Uber and other young companies morphed the physical complexion of cities and how they work. The growing prevalence of e-commerce, fast internet connections and smartphones in everyone’s pockets shifted how we shop, behave and are entertained — with both good and bad […]