Keeping up with the news can be tricky. Even the most eagle-eyed observer can miss a vital news story. We think being up-to-date on economic developments is key to the success of your startup.
Every Wednesday we provide the top 10 key bits of business news from the past week.
EU financial revenge on Brexit
An unnamed cabinet minister believes that the UK will have to pay back vast sums of money to the EU in order to maintain access to the single market.
UK pushed out of top 10 global energy rankings
For the first time, the UK is out of the top 10 on the international league table of countries’ energy sectors. This league table is ranked by energy security, costs and decarbonisation efforts. It now holds position 11 due to Brexit changes.
Wobbly FTSE 100
The FTSE 100 down 30 points at 7,041. Loss in it’s international markets are dependent on the rise and fall of the pound.
Parliamentary debates on Article 50
Theresa May has had to agree to have ‘full and transparent’ parliamentary scrutiny before triggering Article 50 in March. Labour has drawn up 170 questions that must be answered about leaving the EU.
Nobel economics prize
The Nobel prize in economics was awarded to Oliver Hart and Bengt Holmström. This was for their work on contract theory.
Success in an AI future
MPs warn that schools aren’t preparing children for jobs in a world riddled with AI.
First driverless car takes to the streets
Milton Keynes is the first to have a driverless car test drive in the UK. The LUTZ Pathfinder was put to the test with a passenger on board in case of any emergencies.
RIP Galaxy Note 7
Samsung has permanently discontinued the Galaxy Note 7 after its batteries were catching fire. After attempting to solve the issue, but failing, it will expect to see a its third quarter profits be a third lower than originally estimated.
Unsatisfactory protection for at-risk children
The government has been criticised for unsatisfactory protection for at-risk children stating that it is inconsistent.
Young people LGB boom
More young people in the UK are identifying as lesbian, gay or bisexual in the UK as well as other sexual identities. Some say it is due to high profile role models (e.g. celebrities) and an awareness and acceptance amongst young people.
