GBP News 

Why Hammond’s Brexit war chest is smaller than it looks

“A tantalising glimpse of a golden future is on offer, if MPs play their cards right” writes Tim Wallace for telegraph.co.uk. Easy cash is within their grasp, just waiting to be unlocked.Philip Hammond dangled the prospect of £26.6bn before their eyes, telling Parliament that if they behave themselves and back a Brexit deal the taps can be turned on.The ‘end of austerity’ can turn from simply an end to restraint into a new age of cash for all. “If we leave the EU with a deal and an orderly transition…

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UBS Global Wealth Management president says the future of US citizens is at risk if we don’t repair decaying bridges and outdated transit systems

“But these tools will be virtually useless without modernized telecommunications and energy infrastructure” writes Tom Naratil for businessinsider.com. That’s why 65% of high net worth investors and 61% of business owners want utilities to be a focus of infrastructure improvements.Small business owners and high net worth investors agree: 81 percent of both groups believe infrastructure investments are the key to long-term economic growth.These jobs will require state-of-the-art energy infrastructure to flourish. Source: businessinsider.com

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3 ways people may save for retirement in the future

“And while about 140 million people participate in retirement plans, the proportion of the employed workforce covered by these plans has never gone above 70 percent” writes John Scott for marketwatch.com. Employers will be crucial stakeholders in the U.S. retirement system for the foreseeable future.Today, only about half of private sector businesses offer retirement benefits.So, if we can’t count on more employers to voluntarily offer retirement benefits or on employees to save on their own, what can we do to help American workers build a financially secure retirement?. The vast…

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Novartis generics boss quits amid conjecture over business’s future

“The departure of Francis, a British citizen, does nothing to quiet conjecture about Sandoz’s future within Novartis, analysts said” writes Midwest Communications Inc for 95kqds.com. Richard Francis, Sandoz’s boss since 2014, is stepping down, Novartis Chief Executive Vas Narasimhan said on Thursday, adding “Richard has decided that for personal reasons he cannot commit to stay with Sandoz until the transformation is completed”. Source: 95kqds.com

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Crypto Futures Markets News 

Are Crypto Futures the Future of Crypto?

“If futures contracts themselves were tied to a public blockchain, however, the futures market could become at least nominally more transparent” writes Rachel Mcintosh for financemagnates.com. However, because Bitcoin futures and other kinds of cryptocurrency futures contracts are traded off-chain, they don’t necessarily benefit from the transparent nature of blockchain technology.Trading futures contracts is a kind of investment strategy that has much to do with risk management.When you purchase a futures contract, you make a prediction about what the future price of an asset will be.One of the most popular…

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Volkswagen aims to lift profits by axing jobs

“Volkswagen AG’s VOW namesake brand plans to cut thousands of jobs over the next five years to boost profitability and free up cash for investments into future technologies” writes Max Bernhard for marketwatch.com. At the same time, the Volkswagen brand said it will invest EUR8 billion more than previously planned into future technologies through 2023, bringing the total planned investments at the brand to EUR19 billion.The German company’s passenger-car brand said Wednesday that it plans to invest 4.6 billion euros ($5.2 billion) into the automation of administrative processes. The marque…

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Amazon may already be making changes to avoid anti-trust legislation

“As Axios points out, Amazon changed this policy in Europe in 2013 in response to antitrust complaints” writes Rachel Kraus for mashable.com. The news comes days after senator and presidential candidate Elizabeth Warren unveiled her policy proposal for “breaking up Big Tech,” including Amazon.Pre-emptive, voluntary measures have historically been a way that companies seek to avoid more onerous future legislation.So the news should be taken with a grain of salt; Mashable has reached out to Amazon to confirm whether it will indeed change this policy. Source: mashable.com

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Future Toyota cars might come built with a fragrance dispenser that sprays… tear gas

“Toyota published a patent last week which states that their cars will come with built-in fragrance dispensers” writes Tarvin Gill for mashable.com. The patent also states that it can store one type of fragrance at a time.The patent is still fairly new and it’s unknown if the company will actually equip their cars with these… unique dispensers. Source: mashable.com

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Twitter wants you to help it shape the future design of the app

“The company wants honest feedback about the tests, meaning that your opinions could shape the future look of the main Twitter app” writes Will Nicol for digitaltrends.com. Twitter is launching an app for testing new conversation features, and it wants you to get involved.If you’re given access to Twttr, you’ll be expected to use it as your primary Twitter app, so be prepared for frustrations along the way.The experimental app is called Twttr (that’s Twitter’s original name, incidentally), and anyone with a Twitter account can apply to use it. Source: digitaltrends.com

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