The schemes have risen in popularity over
recent years with those earning over £100k worse affected, new research finds
London, 6th November 2019 – Buy now pay later schemes are luring people into living beyond their means according to a recent survey by Hastee. Half of respondents said buy now pay later options encourage them to spend money they don’t have and this rises to 59% for millennial respondents (those aged 18-35).
Buy now pay
later schemes have become a popular interest bearing option where retailers
allow consumers to delay payments on their purchases for a specified period.
More than a quarter of respondents (27%) said they have experienced
difficulties after using buy now pay later schemes. The same percentage of
respondents said they have experienced problems after using payday loans which
have come under increased scrutiny in recent years, resulting in the Financial
Conduct Authority (FCA) stepping in to apply limits on daily borrowing.
Millennials
are the worst-hit age group when it comes to experiencing difficulties after
using buy now pay later schemes – over a third (36%) said this has been the
case. Financial stress has impacted their social lives (50%), relationships
(40%), health (39%) and work (38%).
The survey
revealed that workers across all salary bands agree that the schemes encourage
them to spend money they don’t have. The figure tends to rise in the higher
salary bands, highlighting that this issue is not exclusive to lower paid
workers:
Up to £20k salary: 45%
£20-30k salary: 49%
£30-40k salary: 52%
£40-50k salary: 43%
£50-27k salary: 50%
£75-100k salary: 59%
Over £100k salary: 77%
“Buy now
pay later schemes might seem an attractive option for consumers but they’re
proving to be as problematic as more traditional forms of credit,” says Hastee
CEO James
Herbert. “While they seem like a good short term solution, they can cause
consumers issues in the longer term. Missed payments can impact credit scores,
cause longer term debt problems and could create an unhealthy reliance on
credit cards and overdrafts as users struggle with repayments.
Our advice
for anyone tempted by one of these schemes is to make sure you’ve weighed up
the affordability of the purchase and explored all options before making any
commitments. If you can’t afford the repayments, consider whether you really
need the item or work out another way of paying for it that won’t cause you
long term financial difficulty. There are plenty of digital money management
tools that work together to help people live comfortably and within their
means, such as challenger banks, earnings on demand solutions and budgeting
apps.”
About Hastee
Hastee is
an award-winning employee benefit which empowers employees to receive
their earned pay immediately via our mobile app, increasing their choice and
financial wellbeing. Workers can choose to receive up to 50% of their gross pay
for the work they have completed; it is income smoothing of their earned pay,
not a loan. Companies may choose to restrict the availability for their staff
to below 50% should they wish/need. We do not charge interest, just a low and
simple fee (subscription and on-demand options).
Companies profit from the improved recruitment, retention, engagement and
productivity of their workforce. This is at no cost to the employer (unless
they wish to contribute as a paid benefit) and has no impact to company cash
flow (we fund the advances, with the company reimbursing us when they pay their
staff as normal). Giving access to earned pay only, Hastee is a meaningful
benefit that can be made available to all staff, including salaried, temporary,
variable and gig workers.
Additionally, we have now launched an employee financial education programme
in the form of a series of emails over a period of 7 weeks. Companies can
choose to include as many of their staff as they wish in this programme at no
cost, or leave to only those who register with our app. Related to this, we
have content available on the Financial Education Hub on our website and,
obviously, within the app.
Royal Academy of Engineering and leading consumer brands join forces to change the face of engineering, after AI reveals misrepresentation of the profession online
Major brands, leading businesses and high-profile engineers have come together in a bid to change the online image search results for the word ‘engineer’
Over 100 organisations and counting1 including the BBC, Facebook, ITV, Transport for London, Ocado, Rolls-Royce and National Grid have signed a pledge to address the misrepresentation of engineers and engineering online and in popular culture
The Royal Academy of Engineering employed an Artificial Intelligence algorithm trained on online image search results for ‘engineer’ to generate artificial images of what it learned a typical engineer looked like – the majority of images generated were of a white man wearing a hard hat
6 November is This is Engineering Day – a national awareness day in Tomorrow’s Engineers Week to celebrate the unsung contribution that engineers make to our lives, and to call upon media, image providers, recruiters and advertisers to paint a more representative picture of the profession and those who work in it
Amazon’s Alexa2 will answer questions about engineering and This is Engineering Day
Major brands, leading businesses and high-profile engineers have come together in a bid to change the online image search results for the word ‘engineer’, as an AI programme trained on the results of an online search for images of engineers found that it vastly misrepresents the profession.
The announcement comes on This is Engineering Day, part
of a nationwide campaign led by the Royal Academy of Engineering – and
supported by a range of brands and engineering companies – to change the
misrepresentation of engineering online, celebrate the contribution of
engineers, and encourage more young people to consider a career in the
profession.
Original AI generated image
Enhanced version
To test the representation of the profession online, an AI machine learning model, otherwise known as a Generative Adversarial Network (GAN), analysed over 1,100 images of engineers sourced online,3 and generated images based on this given dataset. The images generated by the GAN showed how narrowly an engineer is typically portrayed online: the majority of the generated images were of a white male wearing a hard hat. An online search, conducted by the Royal Academy of Engineering on 21 October 2019, found that 63% of images on the first page of the search results were of a person in a hard hat4, despite the fact that only a small minority of professional engineers wear hard hats most of the time.
The
Royal Academy of Engineering has created This
Is Engineering Day, which takes place in Tomorrow’s Engineers Week, to radically change this
narrow stereotype, and celebrate the varied and vital roles that engineers
play, from developing medical technologies like brain scanners and clean energy
solutions, to powering the social media platforms and smartphones we rely on to
keep in touch every day.
Over
100 brands across the UK that depend on engineering – including the BBC,
Facebook, ITV, Transport for London, Ocado, Rolls-Royce and National Grid – have
signed a pledge5 to increase
the public visibility of more representative images of engineers and
engineering, and helped create a new library of free to use images of engineers
that better represent what engineers and engineering really look like (www.flickr.com/thisisengineering/)6. This has been developed to encourage
website owners and image users to deploy a more diverse range of images when
showcasing engineers and the industries in which they work.
The
campaign’s partners and supporters will also be challenging this
misrepresentation on social media and through a range of different activities
and events on This is
Engineering Day including:
Amazon Alexa2 will answer questions about ‘This is Engineering Day’ and the role of engineers, and Amazon will run engineering-focused tours and STEM (science, technology, engineering, maths) workshops in its fulfilment centres on 6th November
Network Rail showcasing real images of engineers on 60 screens across 15 stations in the UK, and across the Virgin train network
Facebook and Ocado creating and promoting new engineering video content featuring its engineers
Google hosting an engineering takeover at its Portsmouth Digital Garage on 6 November
Many
of the emerging and in-demand jobs identified by the World Economic Forum7 are
engineering jobs, yet every year the UK is short of up to 59,000 engineers,
while only 12% of the engineering workforce in the UK are female, and 9% are
from black, Asian and minority ethnic backgrounds.
Research
from EngineeringUK8 shows that more needs to be done to raise awareness of
engineering careers and encourage young people to consider the profession. Over
three quarters (76%) of young people aged 11-19 and 73% of parents do not know
a lot about what those working in engineering do.
Dr
Hayaatun Sillem, Chief Executive of the Royal Academy of Engineering, says:
“Engineers play a profoundly important role in shaping the world around
us – from designing our cities and transport systems, to delivering clean
energy solutions, enhancing cybersecurity and advancing healthcare – but that’s
simply not reflected in online image searches.
That’s why on This
is Engineering Day I’m appealing to anyone who uses or promotes
images of engineers to join us in challenging outdated and narrow stereotypes
of engineering. We want to ensure that engineers are portrayed in a much more
representative way, and that we help young people see the fantastic variety of
opportunities on offer.
Engineering is everywhere, and This Is
Engineering Day gives us
an opportunity to shine a light on the people who make possible so many
features of modern life that we take for granted. I hope that by inviting
the public to discover a different side to engineering, we will be able to
inspire more people from all parts of society to choose a profession that
shapes our world.”
The This is Engineering free public image library is available now at www.flickr.com/thisisengineering/ for media, photo, advertising agencies and the general public to view and use in projects, articles, campaigns and on social media. The library and This is Engineering Day are part of the This is Engineering campaign, led by the Royal Academy of Engineering to give more young people, from all backgrounds, the opportunity to take up engineering careers. More information on the campaign can be found at www.ThisisEngineering.org.uk, @ThisisEng on Twitter and @ThisisEngineering on Instagram.
1 – Brands involved in the
campaign include Google, Amazon, Facebook, Ocado, Ferrari, Anglian Water,
Heathrow, Network Rail, TfL, Virgin Media, BBC, ITV, EDF Energy, Science Museum Group,
as well as the list of corporate partners below, as well as professional
engineering institutions and many UK universities.
2 – Amazon’s Alexa, will answer
the below engineering and This
is Engineering Day questions:
‘Alexa, Tell me about This is Engineering Day?’
‘Alexa, How can I get involved with This is Engineering Day?’
‘Alexa, When is This is Engineering Day?’
‘Alexa, What does an engineer look like?’
‘Alexa, Tell me a fact about engineering’
‘Alexa, What is This Is Engineering?’
3 – The Generative
Adversarial Network was trained by Stylianos Moschoglou, a PhD student in
Machine Learning at Imperial College London and Machine Learning Scientist at Facesoft.io. Due to the GAN image being too low
res and pixilated for print purposes, a digital artist has retouched the image,
without changing the likeness.
4 – Researchers at the Royal
Academy of Engineering analysed the search engine image results for “engineer”
to assess what is being shown as representative images of engineers and
engineering. The assessment took place on 21st October 2019 using Chrome
extension “Fatkun” to search for the term ‘engineer’ on Google.
Accepting that statistically the vast majority (as much as 95%) of online
visitors rarely search beyond the first page in Google searches, only the first
results page of 452 images was assessed. The results were downloaded to a
library and counted manually. The results revealed most images (63%)
featured hard hats.
6 – The new public photo library,
which has been contributed to by some of the biggest brands in the world, will
be sent to stock image providers, website owners, media, advertisers, and
recruiters to encourage them to use these real images of engineers to help
increase visibility around the profession – www.flickr.com/thisisengineering/
8 – Research carried out by
EngineeringUK. Data from the 2019 Engineering Brand Monitor captured in Jan –
Feb 2019, based on a sample of 2,514 pupils aged 7-19, 1,023 educators, and
1,810 members of the public
About This is Engineering
About This is Engineering
This is Engineering is a campaign to raise awareness of the breadth of careers in
engineering and help address the significant engineering skills and diversity
shortfall that is holding back growth and productivity across the UK economy.
The campaign aims to give more young people, from the broadest possible
backgrounds, the opportunity to take up an exciting, engaging, rewarding and in
demand career.
This is Engineering is led by the Royal Academy of Engineering, in collaboration with
EngineeringUK. The campaign has been made possible thanks to the generous
support of the Fellows of the Royal Academy of Engineering and our corporate
partners. More information about the campaign is available at www.thisisengineering.org.uk and @ThisIsEng on Twitter
As the
UK’s national academy for engineering and technology, we bring together the
most successful and talented engineers from academia and business – our Fellows
– to advance and promote excellence in engineering for the benefit of society.
We
harness their experience and expertise to provide independent advice to
government, to deliver programmes that help exceptional engineering researchers
and innovators realise their potential, to engage the public with engineering
and to provide leadership for the profession.
We
have three strategic priorities:
Make the UK the leading nation for engineering innovation and businesses
Address the engineering skills and diversity challenge
Position engineering at the heart of society
We
bring together engineers, policy makers, entrepreneurs, business leaders,
academics, educators and the public in pursuit of these goals.
Engineering
is a global profession, so we work with partners across the world to advance
engineering’s contribution to society on an international, as well as a
national scale.
About EngineeringUK
EngineeringUK is a not-for-profit
organisation, which works in partnership with the engineering community to
inspire tomorrow’s engineers and increase the talent pipeline into engineering.
EngineeringUK leads engagement programmes The Big Bang and Tomorrow’s
Engineers, creates inspiring engineering careers resources and produces a body
of research including the flagship State of Engineering report.
AboutTomorrow’s Engineers Week
Tomorrow’s Engineers Week
(#TEWeek19) takes place from 4-8 November 2019 and aims to change perceptions
of engineering among young people, their parents and teachers and to inspire
future engineers. Tomorrow’s Engineers Week is led by EngineeringUK, a
not-for-profit organisation which works with the engineering community – employers
and professional institutions – to inspire tomorrow’s engineers. To find out
how to get involved, visit www.tomorrowsengineers.org.uk/teweek
This is Engineering is a campaign to raise awareness of the breadth of careers in engineering and help address the significant engineering skills and diversity shortfall that is holding back growth and productivity across the UK economy. The campaign aims to give more young people, from the broadest possible backgrounds, the opportunity to take up an exciting, engaging, rewarding and in demand career.
Political uncertainty has caused a reduction of business investment in the UK by 11%
Jenny Tooth OBE, CEO of the UK Business Angels Association, calls for an end to “deafening silence” of politicians regarding SME investment
Now that the majority of the party leaders have launched their general election campaigns, there will now be five weeks of battling to decide which prospective vision for Britain captures the imagination of British voters best. However, the elephant in the room still remains the sustainability of the British economy post-Brexit, and how to reinvigorate investment that has dried up throughout the three and half years of political limbo and chaos.
Uncertainty in the British economy due to an inability to find a Brexit resolution has seen business investment into the UK cut by 11 percent, or the equivalent of £20bn. Just last month, the Office for National Statistics announced that labour productivity in the second quarter of 2019 fell by half a percent, the worst performance since 2014. Now, with an election looming and no guarantee that a majority will be secured, British businesses have been thrown further into the lurch regarding investment opportunities for growth.
Jenny Tooth OBE, CEO of the UK Business Angels Association, has called on leading ministers at the Department for Business, Energy and Industrial Strategy (BEIS) to speak up for SMEs to provide much needed confidence and stability.
“The silence from the ministers at the Department for (BEIS) has been deafening. Just a month ago we had a proposed Withdrawal Agreement that at the very least, gave businesses an idea of what the future looked liked, and how they needed to plan ahead. Now, we are in an election cycle, and we are back to square one.
There are 5.9 million SMEs in the UK. In other words, 99.9% of the businesses in the UK are SMEs. How can an economy be galvanised and strengthen if its very lifeblood is left in the precarious position of not knowing what is on the horizon. 60% of the British workforce works within an SME, with SMEs accounting for 52% of all turnover in the British economy. I find it quite remarkable that nothing is being said in defence of SMEs and their importance to the British economy.
I call on Andrea Leadsom at the Department for BEIS to speak up for small businesses on the election trail, and shadow secretary Rebecca Long-Bailey along with the other parties spokespeople to provide a clear vision as to how they will guarantee the longevity of SMEs in the UK to ensure that their dynamic input to the British economy will be maintained.”
UAE-India Economic Forum 2019 wraps up
the 5th edition gracefully.
Dubai, 5th November, 2019: The 5th Edition of UAE India
Economic Forum observed a grand opening at Waldorf Astoria, Dubai International
Financial Centre on Monday, 4th November with the participation of
High Dignitaries and Officials, leading experts and leaders from the two
nations.
India’s partnership with the UAE is
set to play a key role in its march towards the ambitious goal of becoming a
$5-trillion economy by 2022, Abdullah
Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of
Economy, said on Monday.
Addressing the opening session of the UAE-India
Economic Forum organized by BusinessLive Middle East, Al Saleh said the strong
bilateral ties are the result of :the political will articulated by both
governments,” and their sustained efforts to work together for the mutual
benefit.
Al Saleh said the recent meeting of the UAE-India
High Level Joint Task Force on Investments, which is a platform to communicate
mutual requirements and vision for the future, has played a key role in
boosting bilateral investments and cooperation.
“With Expo 2020 around the corner, we will
witness India’s commitment with one of the largest pavilions, which is a
testament to the value the country puts to promoting bilateral economic
relations,” he said.
Al Saleh said the UAE is the largest Arab investor
country in India, accounting for 81.2 per cent of total Arab investments. The
UAE investments into India’s $2.8 trillion economy are estimated to be around
$10 billion including foreign direct investment of almost $5 billion.
“The UAE hosts the largest Indian community
overseas and their annual remittances are estimated to be more than $17
billion, which is 38 per cent of the total outflow,” he said.
“As both countries remain keen as ever to
strengthen the trade dialogue, recently, an ambitious project – the India -UAE
food corridor – was launched with the plan to benefit two million farmers and
create an additional 200,000 jobs across India, due to cumulative investments
of more than $7 billion by the UAE in the next three years,” said Al
Saleh.
Among the dignitaries present at the day-longs
sessions were Vipul, Consul General of
India in Dubai; Fahad Al Gergawi; Chief Executive Officer; Dubai FDI; and Jamal
Al Jarwan; Secretary-General; UAE International Investors Council; and Ali Ibrahim;
Deputy Director-General; Dubai Economic Development, according to Poonam
Chawla, Associate Publisher, BusinessLive Middle East.
Poonam Chawla said the UAE-India Economic Forum 2019
was a great success as it highlighted the areas of cooperation between the UAE
and India. “It helped to throw light on how this historic bilateral
relationship has been elevated to a strategic partnership while creating new
opportunities in various fields like IT, trade, food, smart cities, banking and
fin-techs, renewable energy and startups,” Poonam said.
According to the UN Conference on Trade and Development, the FDI to the UAE rose by eight per cent to $10.4 billion in part due to rising cross-border mergers and acquisitions sales, making the country the largest source of FDI in 2017 for the Arab region (at 36 per cent of total FDI inflow). India is UAE’s second-largest trade partner today and the UAE has become India’s third-largest trading partner, with the total non-oil trade between the two countries recorded at $35.9 billion in 2018.
A special mention to the UAE-India Economic Forum
2019 sponsors “Ajman Free Zone” and “Galadari Advocates and Legal Consultants”.
In the 5th
Edition of the UIEF delegates brainstormed on new opportunities for
partnerships with sessions on infrastructure, banking and finance, fin-tech,
healthcare, food corridors, smart cities and start-ups. The UAE-India Economic
Forum also felicitated government and industry leaders, who have worked towards
nurturing ties between the two nations, with the Qadat Al Tagheer Awards.
Volvo
Buses has received the largest single order for electric buses in Europe. Volvo
Buses will deliver 157 electric articulated buses to Transdev starting in 2020.
The buses will operate on a number of routes in Gothenburg. With their
introduction, emissions and noise will be significantly reduced, and the
electric buses will be able to operate in sensitive areas or zones with special
restrictions.
“It is
immensely gratifying that we have secured Europe’s largest ever single order
for electric buses – no less than 157 buses. Volvo is a pioneer in
electromobility and sustainable public transport. We have a holistic system
perspective for cities that encompasses vehicles, services and charging
infrastructure. We focus on solutions that offer high reliability and high
service levels for route operators and passengers. This large order confirms
that electric buses are already recognised as a sustainable and financially
viable solution for demanding high-capacity public transport needs,” says Håkan
Agnevall, President of Volvo
Buses.
“Transdev is
today Europe’s leading operator of electric buses and we know what challenges
there are with the transition to electric propulsion. We’ve therefore been
extremely thorough in choosing a partner with a holistic approach, a partner
that will be able to deliver both buses and charging infrastructure on time and
with excellent uptime. Being able to announce that we have chosen Volvo as our
partner for city bus operations in Volvo’s home city of Gothenburg is of course
particularly satisfying,” says Gunnar Schön, CEO of Transdev
Sweden.
All of the
buses will be of the recently launched 7900
Volvo Electric Articulated model. The Volvo Electric Articulated can carry
150 passengers with an energy consumption that is 80 per cent lower than that
of a corresponding diesel bus. The Volvo Electric Articulated combines high
passenger capacity with low operating costs. The buses will be charged at
quick-charge stations along the route, using the industry common charging
interface OppChargeTM, in order to ensure the most efficient operation
possible. In addition to the electric buses, the order includes 27 Euro VI
buses for regional operations, running on biodiesel.
“For us as a
mobility supplier, it is vital to always be able to offer passengers good
service and functional vehicles, but it is also important that our drivers have
a good working climate. New buses, in particular quiet electric buses, not only
result in cleaner cities – they also improve the everyday working environment,”
explains Gunnar Schön.
“Electromobility
creates new exiting opportunities for urban planning since we now get
emission-free and quiet public transport that can operate closer to the city’s
residents. Volvo aims to be a leader
in increased electrification and to be a partner for cities that wish to
implement long-term sustainable public transport solutions for their
inhabitants,” concludes Håkan Agnevall.
Gothenburg,
November 5, 2019 For further
information, please contact: Joakim Kenndal, Manager Media
Relations, Volvo Bus Corporation,
Phone +46 739-02 51 50 or
e-mail joakim.kenndal@volvo.com
One gamer will kickstart a lifelong gaming career with one of esports’ oldest teams.
Unikrn Offers the Best Job in Gaming A USD50,000 Salary for New Streaming Talent
November 5, 2019 — Unikrn, the world’s
longest-operating esports-first betting operator, is seeking an ambitious gamer
to help build an audience in 2020. The winning streamer will be given a 6-month
partnership with Unikrn and $50,000 to stream full-time and build an audience.
Anybody can apply for the unprecedented opportunity at unikrn.com/best-job.
Streaming is one of Earth’s fastest-growing entertainment sectors, but
more than 99% of Twitch streamers are unpartnered and have no way to monetize
their passion. Nearly 4,000,000 broadcasters have streamed every month in 2019,
with only about 35,000 partnered broadcasters. With over 50,000 average live
channels in any given moment, breaking into the industry is harder than ever
before.
“Becoming a professional streamer requires a lot of luck,” said Mike
Dalton, VP Marketing for Unikrn, “We believe that for every streamer who builds
an audience, there’s three gamers with amazing potential to offer the community
something fresh who just never get an opportunity to be noticed.”
The awarded contract will include a 6-month period to represent Unikrn
as an official streamer for Unicorns of Love, one of gaming’s most beloved
fan-focused esports franchises, and a $50,000 stipend.
Unikrn was awarded as the best Esports Bookmaker of the Year for 2019,
its first full year of operation with its own wagering licenses, and has
options for fans to enjoy gaming both with and without gambling. Its wagering
options include Unikrn UMode, the world’s only way to bet on your own success
in online matchmaking games.
“The Unicorns of Love family is
changing today,” said Jos Mallant, UOL’s Owner, “We can’t wait to welcome a fan
into our clan to stream or compete in 2020.”
Streamers may enter the search until Nov 30, 2019.
ABOUT
UNIKRN
Established
in 2014, Unikrn is one of the world’s leading esports companies, building
extensive crossroads through betting, content and gaming. Unikrn began
operations with its fully-owned IOM licenses in November, 2018 and was awarded
EGM Esports Bookmaker of the Year 2019. Unikrn has been a leading endemic
bookmaker in esports and video games for years and has patent-pending
technologies and completely unique gaming experiences.
Those
unique experiences include Virtual CS:GO & SFV, skill-based betting on online
matchmaking, streamer better, esports and sports bookmaking, daily gaming
giveaways and an online casino, each available as regulator approved.
Investment from IW Capital to drive rapid commercialisation of world’s first lipid formulated ibuprofen
Flarin Holdings Limited today announces the completion of its first round of fund-raising by IW Capital. Flarin Holdings was recently demerged from Infirst Healthcare Limited in order to provide greater focus on the rapid commercialisation of Flarin.
Flarin is a unique and patent protected lipid formulated ibuprofen which at a dose of 1200 mg/day has shown to be as effective as 2400mg/day of standard liquid ibuprofen capsules in patients with acute joint pain 1. Flarin’s unique lipid formulation also helps to shield the stomach from damage 2.
“The very positive response we have had from presenting Flarin to new investors has given us great confidence in taking Flarin to the next stage of its commercial development,” says Andrew Macmillen, Managing Director. “These new funds give Flarin greater ability to increase investment in marketing in the UK as well as building a network of distributors and licensing partners in other countries.”
Luke Davis, IW Capital chief executive, said:
“We are hugely excited to be involved with this innovative pharmaceutical product at an early stage in its commercial development. It is also key to be able to work with such an experienced management team in the pharmaceutical and healthcare arena.
“Our research shows that around 20% of private investors are looking to invest within Pharma and Biotech while half of this group is put off by Big Pharma. With this in mind we were not surprised that the initial investment target for Flarin was over-subscribed by IW capital’s network of net-worth individuals and independent financial advisors.
There is a fantastic exit opportunity here with the product already fully developed and on sale in UK pharmacies, meaning there is already an established sales infrastructure in place.”
If you have any questions about the release or would like to speak to Luke please don’t hesitate to get in touch.
About Flarin Holdings Flarin Holdings is a new company demerged from Infirst Healthcare Limited in order to focus on commercialising Flarin’s unique lipid formulation of ibuprofen.
About Flarin Lipid Formulation Technology Flarin is a unique and patent protected lipid formulated ibuprofen which at a dose of 1200 mg/day has shown to be as effective as 2400mg/day of standard liquid ibuprofen capsules in patients with acute joint pain1. Flarin’s unique lipid formulation also helps to shield the stomach from damage2.
About IW Capital IW Capital is a leading SME investment provider specialising in private equity and debt financing, having facilitated well over c.£100m in development capital investment in UK companies.
Over 150 business and finance leaders
from the UK and India are to attend the first meeting of the new
UK-India Sustainable Investing Forum at London’s
Guildhall on Thursday 7th November.
Dr Mohan Kaul, President of the Indian Professionals Forum
The event, convened by the
India Professionals Forum, the City of London,
and the High Commission of India, will bring together leaders in the field of
sustainable investment from the UK
and India to work together
to advance and scale the sustainable finance market in India.
For India, the Forum provides an
opportunity for a rapidly emerging nation to increase the green investment it
needs to achieve sustainable growth. For the UK
it represents a further opportunity to deepen ties with friends and economic
partners outside Europe in a post-Brexit world and an opportunity to help
tackle another of the UK’s
biggest priorities – the global green agenda.
Speakers at the first Forum
will include Lord Mayor of London Peter Estlin; High Commissioner of
India Her Excellency Mrs Ruchi Ghanashyam and Lord Ahmad, Minister of State for
the Commonwealth, the United Nations and South Asia.
Sir Roger Gifford, Chair of the Green Finance Institute,
will deliver a keynote on the City of London
as a global centre for sustainable and green finance, focusing on building a
global approach and leveraging synergies between global public and private
networks. Lord Gadhia, Director of UK Government Investments, will chair a
session on sustainable investing standards and practices with a view to
engaging global stakeholders.
Lord Mayor of London Peter Estlin said:
“The UK
and India
are pioneers in green finance and responsible business best practices. We are
excited about the launch of the UK-India Sustainable Investing Forum to support
the greening of India’s economic growth story and drive forward our partnership
for years to come.”
India Professionals Forum President Dr Mohan Kaul said:
“India’s
sheer size and rapid growth provides challenges to delivering sustainable
economic solutions. Yet despite these challenges, India’s policy makers and
industry leaders vie to show leadership in combating climate change and meeting
UN Sustainable Developmental Goals in many of their developmental schemes.
Meanwhile, the City of London
– at the heart of delivering financial solutions for strong, sustainable and
balanced growth – aims to have a comprehensive approach to greening financial
systems, and mobilising finance for clean and resilient growth.
By bringing leaders from the UK
and London together we hope
to open up new opportunities for green investment.”
Other prominent business
leaders and investment experts speaking at the Forum include Howard Sherman,
Executive Director of MSCI ESG Research; Tatiana Boroditskaya, Director
Emerging Market Credit, UBS; Loknath Mishra, Managing Director and CEO, ICICI
Bank UK; Srini Sundaram, Founder and CEO, Agvesto; and Manish Malhotra, AVP and
Head FinTechs, Infosys.
Among topics to be discussed
at the Forum are sustainable investing in India’s emerging environmental,
social and governance (ESG) asset class; partnering to achieve sustainable
goals; sustainability strategies for Indian trade and infrastructure
investment; India’s Clean Ganges Sustainable Infrastructure Programme; and the
regulatory, market and fintech developments required to catalyse sustainable
investing solutions, unlock market efficiencies and drive scale for the next
generation.
The Sustainable Investing Forum is free to attend for members of the Indian Professionals Forum and by invitation only by registering here: https://www.ipforum.net/
2. The Indian Professional Forum (IPF) is a non-profit think tank for diaspora related policy advocacy and a member’s club that promotes networking and professional development for Indian Professionals. Set up with the support of the High Commission of India, members are invited from a cross section of society including academics, artists, scientists, engineers, business and entrepreneurs. IPF provides a collective voice and framework to the contribution they make to the UK economy and strengthen their participation in the mainstream of society as well as help in identifying opportunities to contribute towards the development of their community, India and India-UK relations. IPF will recognise the work of young professionals and encourage members to participate in high level policy advocacy and help in identifying such opportunities. Through its membership IPF aims to focus on creating an interesting, influential and thought provoking think tank that acts as a fount for insightful policy ideas and community leadership. More information at https://www.ipforum.net/
Over a third of CFOs see big data as a
threat to employment
Marieke Saeij
London, 05 November 2019 –
Almost two-thirds (64%) of CFOs expect that within the next five years the
financial world will no longer be able to operate without big data, however,
13% of CFOs think this is already the case. Currently, financial directors are
mainly using big data to make well-informed decisions (54%), to make predictive
analyses (41%) and to analyse large, unstructured databases (29%). Almost
one-fifth of CFOs (18%) do not use big data at all, according to the results of
the 2019 FinTech Barometer, an annual survey conducted by order-to-cash
specialist Onguard.
Impact
on employment
More
than a third of CFOs (38%) expect big data to have a significant impact within
the financial sector, particularly on aspects such as job opportunities, with
36% of CFOs seeing big data as a threat to employment. Trends such as
robotisation and Artificial Intelligence (AI) are also on the radar of
financial directors, with 42% of CFOs expecting AI to have a major impact on
employment opportunities and 30% of CFOs seeing robotisation as the biggest
threat to jobs.
Marieke Saeij, CEO, Onguard: “I’m not surprised that CFOs expect to be completely dependent on big data within such a short timeframe. Big data can help them, as well as finance professionals within their organisations, with the execution of their work. Finance professionals have a great deal of information from both internal and external sources that is of added value for both the performance of the organisation and customer service. The more information that is available about the market and customers, the better finance professionals can advise customers. Thanks to big data, risks can be assessed more accurately and it is also possible to predict in real-time whether and when customers will start paying so as an organisation, you can properly anticipate this. This development will require finance professionals to develop new skills, such as greater analytical capacity, as a necessity.”
About Onguard Over the past 25 years, Onguard has grown from a specialist in credit management software to a market leader in innovative solutions in the field of order to cash. The integrated platform ensures that all processes in the order-to-cash chain are optimally linked and that critical data can be shared. Intelligent tools which interface seamlessly combine to provide an overview and control of the payment process and help build lasting customer relationships. Users in over 50 countries worldwide work with the Onguard platform on a daily basis to achieve successful management and tangible results in Order to Cash and Credit Management. Read more at http://onguard.com/
Dubai, 5 November 2019: The Organising Committee of World
Tolerance Summit acknowledged the growing support for the upcoming event, and
appreciated the participation of more sponsors.
Ahmad Almansoori
H.E. Dr. Hamad Al Shaikh Ahmad Al Shaibani
The two-day World Tolerance Summit (WTS) held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will be held at Madinat Jumeriah Conference and Events Centre on 13-14 November, and is themed ‘Tolerance in Multiculturalism: Achieving the Social, Economic and Humane Benefits of a Tolerant World’.
The new sponsors of the summit, an initiative of the International Institute for Tolerance (IIT), a part of
Mohammed Bin Rashid Al Maktoum Global Initiatives,
include Ministry of Interior, Ministry of Human Resources & Emiratisation,
Department of Community Development Abu Dhabi, Dubai Media Incorporated, and Tik
Tok MENA among others.
Lt-General Saif Abdullah Al Shafar, Undersecretary of the
Ministry of Interior, affirmed the ministry’s keenness on the directives of HH
Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister
of Interior to participate and strengthen collaborations with ministries,
government and private bodies for the comprehensive development of the nation. He
said, “We are delighted to participate in the summit that underscores the values
of security, peace, coexistence and tolerance, the qualities that are instilled
in us by the late Sheikh Zayed bin Sultan Al Nahyan Al Nahyan.”
Meanwhile, Dr Hamad Al Shaibani, Managing Director of IIT and
Chairman of the Higher Committee of the WTS, thanked the great role played by the
wise government led by His Highness Sheikh Khalifa bin Zayed Al Nahyan,
President of the UAE, and appreciated the support of the sponsors for the
two-day global summit to promote tolerance, peace and harmony across the globe.
Ahmed Saeed Al Mansouri, Executive Director of radio and television
division at Dubai Media Incorporated (DMI), said that the sponsorship for
second edition of WTS embodies the vision of all radio, print and TV channels
under the DMI. He said, “Our media partnership with the WTS is in line with the
strategic objectives of the Government of Dubai that underlines the vision of
His Highness Sheikh Mohammed bin Rashid Al Maktoum Deputy Ministers, Ruler of
Dubai for having constant cooperation between government departments and other
institutions in the UAE.
“We would also want to be part of creative initiatives that
can highlight UAE as the global capital of tolerance aimed at deepening the
values of tolerance, dialogue, acceptance of others and openness to different
cultures.”‘
He added that Dubai TV, with its radio, television and
digital channels, will have a dedicated crew to cover the two-day summit.
Meanwhile, Nora Al Marzouqi, Assistant Undersecretary for Policy
and Strategy Affairs at the MoHRE, said that the summit reflects the stand of
the UAE society, whose foundations are based on a set of principles and values
that focus on respect and empowerment of human beings. She also lauded the
efforts of IIT and organisers of WTS.
Gita
Ghaemmaghami, Regional Communications Director at TikTok MENA, another sponsor
of the WTS, said: “As the leading destination for short-form mobile video, our
mission in the UAE and wider region is to inspire creativity and bring joy
through TikTok. In line with the UAE’s Year of Tolerance, through our platform
we continuously aim to spread positivity that celebrates diversity. This is why
we are extremely excited to partner with the 2019 World Tolerance Summit and
look forward to constantly empowering people in the UAE to express their
creativity by capturing and sharing moments that matter in their lives.”
1. RTA –
Strategic Partner of IIT initiatives, including World Tolerance Summit
2. Office
of Minister of Tolerance
3. Ministry
of Interior
4. Ministry
of Foreign Affairs & International Cooperation
5. Ministry
of Human Resources and Emiratisation
6. Dubai
Police
7.
Department of Community Development Abu Dhabi
8. Emirates
Real Estate Solutions
Media Partners: Dubai Media Incorporated, NBC Group & Tik
Tok MENA
Note to editors
World Tolerance Summit, started in 2018, is a first of its
kind event in the region that brings together more than 2000+ delegates,
including government representatives, peace experts, youth, men and women from
more than 105 countries to promote the concept of tolerance as a language of
understanding and dialogue across the globe.
Organised by Strategic Exhibitions and Conferences, WTS 2019
is in line with the declaration of 2019 as Year of Tolerance by the President,
His Highness Sheikh Khalifa bin Zayed Al Nahyan.
Strategic Exhibitions and Conference: Since its inception in
2000, Strategic Exhibitions & Conference is
the trusted partner for many government entities in developing and managing
high-profile conferences and events in the UAE. We are associated with Annual Investment Meeting, World Tolerance Summit, Global Investment in
Aviation Summit, International Property Show, Dubai Investment Week and many
more.