Kabul Bank, a financial institution part owned by President Hamid Karzai’s brother, has been taken control of by the Central Bank of Afghanistan.
Business & Finance
Can strong growth still be bad news?
Today’s GDP data confirmed that the UK economy bounced back surprisingly strongly between April and June – in fact, growth was revised up slightly from the first release to +1.2%Q/Q, equivalent to an annual pace of almost 5%. That should be cause for celebration. But,
Use factoring to protect your cash flow
I have a business and it seems my invoices are going astray as no one seems to really want to pay them! It’s causing quite a bit of cash flow problems so I have looked at factoring as a possible solution. Any thoughts on its suitability?
The UK is recovering, but not rebalancing
The past week has been a good one for the UK economy. Following on from the surprising news that GDP grew by 1.1% in the second quarter, the past week’s data suggest that the recovery is continuing apace. Stripping out petrol, retail sales increased by
Most prescription drugs don’t work claims critic
US Professor Donald Light has claimed that pharmaceutical companies have over-hyped the benefits and under-played the adverse side effects of their drugs.
Icy Bank Debt
I’m not sure if it’s just my taste in adverts, but there is something about that Halifax advert (Ice Ice Baby) that seems to have a negative effect on me. Is it the poor, contrived beginning, or the fact it really tails off in the middle or that the end is just best not talked about?
Let’s eat of the vatted calf
With adverse weather causing crop failures, grain prices are going up. At least in the short term. This now only increases the price of such things as bread, it also affects the cost of animal feed with costs being passed on to the eventual meat eater of milk drinker.
The Hindenburg Omen spooks investors
When several technical factors that represent certain conditions underpinning the New York Stock Exchange (NYSE) exist concurrently, called the Hindenburg Omen (HO), then according to some analysts a stock market crash is sure to follow.
China – a spent investment story?
Is China a spent investment story or do you feel it’s a place to be investing your money?
In 2008 I sold out of China (and Asia for that matter) and bought back again in May 2009. I’d had a great run for four years to 2008 but saw the noise around oil as a real threat.
The government bounty hunters
In a meeting of Dog the Bounty Hunter and your local councillor, benefit claimants will in future be subjected to more onerous checks to ensure they do qualify for the benefits they are say they are entitled to.
This is so the government can cut the estimated £5.2 billion a year cost of fraud
The Duchess – too big to fail?
Since her recent ‘cash for access’ scandal the Duchess of York has been forced to acknowledge her financial problems. She had been caught on video attempting to sell an undercover reporter from the News of the World posing as a rich businessman,
Get your business online – for free!
Businesses have pooled resources in order to give those businesses that cannot afford to, or otherwise don’t know how, the chance to get themselves an online presence for free.
You can just go to the GBBO website,