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Added on the 27/03/2023 18:03:24 - Copyright : Euronews EN
Here we take a closer look at what Britain's decision to leave the EU could mean for the future of the City, including the possibility of major banks losing their ‘passporting' rights, and how fewer EU workers in the City could mean a hike in taxes for existing employees
Employees of a Starbucks in Buffalo, New York have succeeded in forming the first union at a branch of the retail coffee giant in the United States. They listen as ballots are counted and celebrate after passing the threshold to unionize. IMAGES
French president Emmanuel Macron began talks with the main employers' and trade union leaders, who are gathered at the Elysée Palace, to prepare the next stages of "social Europe", which will be discussed at an EU summit in Porto (Portugal) from 6 to 8 May. (COMPLETES VIDI98Y49F_EN) IMAGES
Emmanuel Macron assembles the main employers' and trade union leaders at the Elysée Palace to prepare the next steps in "social Europe", which will be discussed at a European summit in Porto (Portugal) from 6 to 8 May. IMAGES
The US Federal government's Paycheck Protection Program, or PPP, doled out hundreds of billions of dollars to businesses. The PPP's goal was to assist businesses during the nearly inevitable slowdowns due to the coronavirus pandemic. But according to Business Insider, many minority-owned businesses were left waiting for funds until the final weeks of the program. Many of our businesses were being turned down in the first and second round of funding. That caused application fatigue and frustration. Ron Busby President, US Black Chambers The Center For Responsible Lending says minority-owned businesses support 8.7 million jobs with an annual total payroll of $280 billion.
With more than half of Gen Zers using digital wallets, banks are being forced to reevaluate how they cater to customers. Banking customers are continually moving toward convenience and technology to meet their banking needs. To remain competitive financial institutions are embracing fintech and adjusting to the needs of Generation Z. Digital-only "neobanks" are popping up featuring online-only banking options and no costly physical branches. Online mortgage lending is beginning to take a larger piece of the home-lending market than traditional lending locations. According to Business Insider, financial institutions across the board are investing heavily into blockchain technology.
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