BRUSSELS: Greek Prime Minister Alexis Tsipras won a commitment to seek a last-minute rescue at an emergency euro zone summit on Tuesday, before his country's banks run out of money. Italian Prime Minister Matteo Renzi told reporters that EU leaders would hold a further summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied in the meantime with a Greek loan application and reform commitments. "The ball is in Greece's court," Renzi said.
WASHINGTON: The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with US and European officials worrying that Greece will default on its debt. The finance ministers and central bank governors ended three days of meetings in Washington determined to work toward ``a more robust, balanced and job-rich economy'' while admitting there are risks in reaching that objective, the steering committee of the International Monetary Fund said in its communique Saturday.
The study looked in to who in Britain is spearheading the nation’s successful start-ups, while also revealing the doubts and fears that are holding Brits back from realising their business dreams.
The figures show that young businesses run by those under 35 are three times less likely to make a loss than those ran by over 55s. Just 3 per cent of businesses in the study owned by under 35 year olds are currently running to a loss compared to 9 per cent for those aged over 55.
Research shows that more than 70 per cent of small businesses operate from home.
A big factor in this trend appears to be a growing reluctance to accept the traditional 9-5 desk job. When asked why they started their business in the first place, an overwhelming 28 per cent cited lifestyle choice as the driving force. This cultural trend is heavily supported by MadeSimple data, which shows the number of companies formed by people aged 35 and under almost doubled between 2010 and 2015, with last year’s total amounting to more than 280,000.
HRH The Prince of Wales announced the donation at The Trust’s annual Invest in Futures gala dinner which took place at The Savoy. Duane was a guest at the event alongside Prince’s Trust supporters Joanna Lumley OBE, Rob Brydon MBE, Jerry Hall, Tom Hardy and Tinie Tempah.
Jackson’s personal donation to The Trust followed the sale of his business KashFlow, which provides accounting software for small businesses.
Writing in her Huffington Post blog the West Ham FC Vice-Chairman said that the UK needs businesses to recognise under-25s as a talent pool that can help businesses grow and develop young workers’ skills.
The recommendations set to be introduced include lifting the contraversial cap on Start Up Loans so that over 30s who aspire to set up their own business will be able to access funds and get on in life. It will also be made easier for these people – and other small businesses owners – to access the right advice and support to succeed in the global race.
True that the recent UK credit downgrade attracted a lot of attention, however as some analysts pointed out, it did not reveal anything new. We all know UK growth is flat-lining and the Government’s austerity measures are failing to translate into deficit reduction. The Eurozone faces an even greater challenge as the economic fortunes of member countries diverge.
Indeed, there are many factors which suggest that a loosening of ties with the Eurozone by British businesses is possible, if not already under way.