November 23, 2024
UK SMEs brace for average revenue loss of £138,000 in 2025 amid Labour’s budget measures
SMEs across the UK are preparing for significant financial challenges in 2025, with new research indicating an expected average revenue loss of £138,000 per business. According to a study conducted by freelancer platform Fiverr, a quarter of businesses anticipate losses exceeding £100,000 due to the financial pressures stemming from Labour’s Autumn Budget. Despite a modest […]
November 23, 2024
Socium raises $5M to become leading HR solution in Francophone Africa
Socium, an all-in-one HR management platform based in French-speaking Africa, has secured a $5 million funding round to expand its services and become the go-to HR solution for mid-sized companies in the region. This funding follows a previous $1.1 million round in August 2022, highlighting the company’s rapid growth despite a broader slowdown in African […]
November 23, 2024
Gary Lineker liquidates Goalhanger Films ahead of capital gains tax increase
Gary Lineker, the former England footballer turned broadcaster, has strategically placed his television production company, Goalhanger Films, into voluntary liquidation ahead of upcoming capital gains tax rises. Co-owned with former ITV controller Tony Pastor, the company reported net assets exceeding £440,000 in its last published accounts. The decision comes as the UK government announced in […]
November 22, 2024
British pension savers set to benefit from Trump’s pro-business policies
British pension savers are poised to gain from Donald Trump’s election victory, as the former US president’s pro-business stance boosts stock markets, particularly in the United States. Andrew Evans, group chief executive of Smart Pension, a leading UK retirement business, highlighted the positive impact of rising US markets on UK pensions with investments in American […]
November 22, 2024
Italy, Abu Dhabi, and Cyprus Court Britain’s Wealthy Amid Non-Dom Tax Changes
Several countries, including Italy, Abu Dhabi, and Cyprus, are actively seeking to attract wealthy individuals from the UK following the government’s decision to abolish the non-domiciled (non-dom) tax status. Events are being held across London to encourage the UK’s estimated 67,000 non-doms—UK residents whose permanent home is outside the country—to relocate in the wake of […]
November 22, 2024
AI Tools Enhance Productivity Without Reducing Jobs, Say European Start-Ups
A recent study by venture capital firm Index Ventures, which surveyed 600 European tech start-ups, reveals that the majority do not believe the adoption of artificial intelligence (AI) tools will lead to job losses. Half of the companies surveyed view investment in AI as an opportunity to hire more staff, while an additional 29% expect […]
November 22, 2024
Plastic Odyssey Expedition arrives in Manila and launches ‘Youth for Dagat’ program with France Philippines United Action
On Nov. 19, the Alliance Française de Manille hosted an Opening Event to celebrate the arrival of the Plastic Odyssey Expedition in the Philippines, uniting the French-Filipino community in support of this impactful initiative. Having sailed across three continents and visited over 20 countries, Plastic Odyssey’s laboratory ship has now docked in Manila to continue […]
November 22, 2024
Business Owners Criticise Tax Hikes, Urge Chancellor Not to Hinder Growth
Entrepreneurs and family business owners are voicing strong concerns over recent tax increases announced in the Budget, warning the government not to undermine their passion for growth. The criticism centers on measures that they believe will significantly impact their businesses, including increased employer National Insurance contributions, changes to inheritance tax on family-owned assets, and reduced […]
November 22, 2024
Thousands of Over-50s Embrace Second Careers to Pursue New Passions
A growing number of individuals over the age of 50 are embarking on second careers in entirely new fields, redefining traditional career trajectories and contributing significantly to the UK’s workforce. This shift comes as many Gen Xers and older millennials seek fresh opportunities amidst a rapidly changing job market. Over the past 30 years, 73% […]
November 22, 2024
Royal Mail warns of £120 million cost increase due to National Insurance rise
Royal Mail has warned that it faces an additional £120 million in costs due to the upcoming increase in employer National Insurance contributions announced in the recent Budget. The heavily loss-making postal service stated that the rise will disproportionately impact its operations because of its large workforce of around 130,000 employees. The company, which is […]
November 22, 2024
French Film Festival takes center stage at SM Cinema
Admission is free from Nov. 22 to 29 at SM Aura and SM City North EDSA Cinemas The Embassy of France to the Philippines, in partnership with SM Supermalls and SM Cinema, is staging the 27th edition of the French Film Festival at SM Aura Cinema from Nov. 22 to 26, and at SM City […]
November 22, 2024
DAHUA Technology and VST ECS Philippines, Inc. forge strategic partnership for innovative dash cam launch
In a move set to revolutionize the road safety and surveillance industry, DAHUA Technology, a global leader in video-centric AIoT solutions and service provider, had officially launched its partnership with VST ECS Philippines, Inc., one of the country’s leading ICT distribution companies. The Official partnership launch between DAHUA and VST ECS happened on Nov. 20, […]
