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SNP urged to rule out tax hike in Scottish Budget after figures show they got third largest funding rise

“The SNP’s Finance Minister has come under further pressure to rule out middle-class tax rises in this week’s Scottish Budget after it emerged he has received the UK’s third highest funding increase” writes Robert Tombs for telegraph.co.uk. Murdo Fraser, their Shadow Finance Minister, said the figures demonstrated that Derek Mackay has enough spending money without having to further increase taxes on Wednesday…. Source: telegraph.co.uk Share This:

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IATF is an instrument to support continent’s free trade area, 30 agreements expected to be signed

“Awani: We provide trade finance and we also partner with some financial institutions to finance trade transactions” writes Shaimaa Al-aees for dailynewsegypt.com. Awani: We have a trade finance initiative to promote finance across Africa in order to fill the gap in trade finance.Consequently, our strategy has several key pillars we rely upon, namely, intra-African trade promotion, industrialisation, development manufacturing, and trade finance leadership and so on.Besides, we also provide trade finance instruments such as factoring to the continent’s countries.What is the size of intra African trade?.  Source: dailynewsegypt.com Share This:

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U.N. climate negotiators sweat over detail as deadline looms

“The goal is to meet an end-of-year deadline for agreeing a rule book on how to enforce action to limit global warming” writes Midwest Communications Inc for 95kqds.com. KATOWICE, Poland (Reuters) – Half-way through crucial talks to breathe life into the Paris climate deal negotiators haggled over how to share out the cost of curbing global warming and struggled to pare down a sprawling text.Delegates said a big issue was how to provide certainty for developing countries that promises of future finance from the richer world would be forthcoming.”These talks…

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News Regulators 

The No. 1 GoFundMe for 2018 and how to buy gift cards that won’t go to waste

“Get a daily roundup of the top reads in personal finance delivered to your inbox” writes Alessandra Malito for marketwatch.com. Here are the top personal finance stories of the day.As jobs figures show unemployment remains at a record low, here’s a holiday gift for purchasing professional career development. Source: marketwatch.com Share This:

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What Corporate Finance Tech Adoption Will Look Like In Two Years

“In corporate finance, the predictions are largely about the adoption of the most cutting-edge technologies, from artificial intelligence (AI) to blockchain” reports pymnts.com. Blockchain, one of the most hyped technologies in recent years — particularly when it comes to corporate finance — was chosen by only 7 percent of corporate finance professionals surveyed by Gartner as a target for their technology adoption plans.However, AI isn’t the only tool to which these companies, and their corporate finance clients, should be paying attention.In its survey of 419 corporate finance professionals, Gartner found…

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Markets News Stocks 

The Finance 202: Stocks tank as ‘Tariff Man’ sows confusion over U.S.-China trade

“That mini-rally had gained steam as the Trump administration looked to be declaring a cease-fire in the trade war with China” writes Tory Newmyer for washingtonpost.com. The announcement helped contain losses by Asian and European stocks following the bloodletting on Wall Street, and U.S. futures pointed to a slight recovery.Investment managers said the Trump team’s erraticism in the wake of the G-20 summit over the weekend sapped confidence that a trade peace is at hand. Source: washingtonpost.com Share This:

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Crypto News 

Intel, Nasdaq Back Crypto Startup BOX’s Supply Chain Finance Launch

“China cryptocurrency startup BOX is introducing supply chain financing services for corporate users with the help of Intel, Nasdaq and Baidu Cloud” reports pymnts.com. Bolaxy is a supply chain finance solution, powered by blockchain to deploy a “Proof of Authority” algorithm for transparent and secure transactions.BoxVault is BOX’s updated version of the BOX Business Wallet, a non-custodial crypto wallet that can now support batch transfers and approvals. Source: pymnts.com Share This:

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GBP News 

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

“Several large banks have said they will shift jobs out of London before Brexit kicks in” writes Boris Roessler for cnbc.com. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Source: cnbc.com Share This:

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