Rishi Sunak warns UK economy will get worse before it gets better

Tougher Covid rules will have impact before vaccine improves outlook, says chancellor

Rishi Sunak has warned Britain’s economic performance will worsen before the coronavirus vaccine helps to improve the outlook for jobs and growth.

The chancellor told the House of Commons that, while the vaccine provides hope, there was a need for tougher national restrictions to contain the spread of the virus and that this would have a “further significant economic impact”.

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Forbes chief content officer to companies: Beware hiring Trump’s PR people

Forbes chief content officer Randall Lane has posted the following about how the business magazine will approach companies who hire public relations professionals who worked for President Donald Trump: As American democracy rebounds, we need to...

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Mambu raises €110m to hit €1.7bn valuation

Mambu, a Germany-based Software-as-a -Service (SaaS) cloud banking platform has raised €110 million funding round, securing a $1.7 billion valuation.

The round was led by TCV, Tiger Holdings, and Arena Holdings, whilst Bessemer Venture Partners, Runa Capital, and Acton Capital Partners also participated in the investment.

Eugene Danilkis, CEO of Mambu

Mambu says it will use the new funding to “accelerate its rapid growth” and deepen its footprint globally.

Brazil, Japan, and the United States are countries grabbing particular attention from the vendor.

In June 2020, it tapped up former Finastra exec, Johanna Pugh, to lead its expansion plans in North America.

Mambu has accrued several clients, among them ABN Amro, Orange Bank, N26, OakNorth, and Santander.

Popular with digital banks and new entrants, the vendor has signed recent deals in the Philippines, New Zealand, Malaysia, and in the UK.

“When Mambu launched in 2011, … Read the rest

Green economy plans fuel new metals and energy 'supercycle'

Chinese growth and plans for post-Covid recovery powering commodities boom, say analysts

The global economy could be on the brink of a new commodity “supercycle” as governments prepare to use a green industrial revolution to kickstart growth following the coronavirus pandemic.

The price of commodities, such as energy and metals, have reached record highs in recent weeks despite the ongoing spread of Covid-19 and are expected to climb further as countries embark on plans for a green economic recovery.

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