Card and online banking fraud are on the increase throughout the United Kingdom despite recent measures to bolster encryption methods, according to new figures from the Financial Fraud Action group (FFA UK).
The Finnish government has given conditional approval for the construction of a nuclear power plant by Finnish-Russian group Fennovoima, prompting the country’s Green Party to quit the cabinet as threatened if the plant was given the go-ahead.
The number of billionaires increased by 155 in 2014 reaching a record high of 2,325, according to the Billion Census report. The research showed that more than half of the new super-rich are self-made, and more than a third don’t have a university degree.
Whatever Russia does, doubt does not even enter the equation. The answer is sanctions. So here we go again. The US Treasury-EU latest sanction package targets Russian banking, the energy industry and the defense industry.
As smaller economies rejoice in the forming of the New Development Bank (NDB) led by Brazil, Russia, India, China and South Africa (BRICS), down in South Asia Bangladesh seems to be already ramping up to join the bank.
Almost $27 billion of financial assets were pulled out of Britain in August in the run up to Scotland’s vote on independence, according to a new report by a London-based consultancy comparing the capital outflow to the Lehman Brothers collapse in 2008.
Russia’s Foreign Ministry has slammed the latest round of US sanctions over Ukraine as “another hostile move.” Moscow said that this will not change the country’s position, and added that imposing “counter-sanctions will not take long.”
Crypto currencies like bitcoin could threaten Britain’s financial stability if widely adopted, the Bank of England (BOE) says. Despite admitting digital currencies are still marginal, the Bank suggests they are no longer the purview of cypherpunks.
Banks worldwide are warning of the financial folly that would follow Scotland’s decision to exit the United Kingdom. Scotland’s big banks talk of relocating to London, and other businesses are watching currency and economic ripples as the decision nears.