TransferMate, simplifying trade within the Electronics Industry

FinTech Integration

Industry Overview The consumer electronics industry is a worldwide multibillion-dollar industry that we all rely on in our everyday personal and work lives. This huge industry is centred on the communication and entertainment industry and has played a key role in our technological and scientific evolution. To put a figure on it, the electronics assembly industry was valued at an estimated $1.3 Trillion in 2015 and is expected to grow to approximately $1.6 Trillion by 2020! Quite a figure! European Electronics Industry The European electronics market has experienced hard times in…

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Speculations surrounding Mark Carney future brought to an end

Speculations surrounding Mark Carney future brought to an end.

Mark Carney, Governor of Bank of England (BoE) and Chairman of the G20’s Financial Stability Board advised he will stay on at BoE, on the same day the Pound was appointed October’s worst performing currency. Carney has been managing Britain’s economy for the past three years and will remain at the BoE until end of June 2019 to see out turbulent Brexit negotiations. He will undertake the task of protecting the UK economy over the negotiations of Brexit that begin in March 2017. Carney will forfeit 3 additional years of…

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Bank of England resorts to drastic measures to prevent recession in UK

Bank of England

The Bank of England (BoE) have decided to take drastic actions to stop the UK entering a recession by cutting interest rates from 0.5% to 0.25% and pushing billions of newly created money into the economy. This is the lowest level interest rate cut in the institution’s history of 322 years.

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UK still in uncertainty as Bank of England eases bank rules

UK still in uncertainty as Bank of England eases bank rules

Mark Carney, the Bank Governor , said “The UK is in a time of uncertainty and significant economic adjustment.” The BoE was in the process of building bank balance sheets but have now had to reverse their policies. They will reduce the amount of capital that banks must hold by £5.7 billion. This will raise the banks’ capacity to lend to UK households and businesses by up to £150 billion.

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UK warned they won’t receive special treatment once left the EU while the race for a new PM begins

UK warned

At the first meeting of the EU Summit earlier this week, the UK Prime Minister David Cameron used his last meeting there to voice his disappointment that he failed to win his side of the referendum. However the EU leaders said there would be no turning back for the UK.

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