For a quicker and consumer-friendly remittance service, Visa Inc is working on a proof of concept for Blockchain-based remittance system through its subsidiary Visa Europe.
United Kingdom
Designer Paul Smith reorganized his fashion empire after worst performing annual profit
Britain fashion icon Sir Paul Smith revamped his company after annual profits plunged 50 percent into the lowest levels since its 40-year existence. This Is Money reported that Smith said his fashion empire needs a "kick up the backside." He said been streamlining the brand's clothing ranges, shut down to stores, and made some managers redundant. The company's pre-tax income went down £9.7million this year ending June, a decrease from last year's £20.7million.
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquires UK's Airwave for $1.2 billion to enhance its service business in mobile communication.
Britain Expand Its Military Spending In Defense Against Islamic State
Amidst a growing threat from Islamic State terrorism, Britain strengthen its defense by spending more budget on defense and security. According to CNN, Britain will beef up its security by purchasing nine new Boeing P8 maritime patrol aircraft for surveillance and anti-submarine warfare,with additional spending of £12 billion ($18 billion).
Europe recession looks enduring, warns think tank
Europe recession looks enduring, warns the IPPR report. It said the severe unemployment and underemployment in Europe are signals of an alarming situation about the deepening recession.
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Online shopping has not been limited to non-perishable goods, clothes and beauty products. The continuously growing online demand for perishable products has raised the competition level among many shopping retailers, who are struggling to maintain their position by offering affordable packages.
The Treasury has sold worth of 13 billion British pounds of Northern Rock mortgages to a US private venture firm in what is thought to be the greatest ever budgetary source deal by the European government.
The pound fell without precedent for the first time in four days against the dollar amid speculation Federal Reserve authorities speaking Thursday will set the stage for a U.S Interest-rate increment in December.
Anheuser-Busch (AB) InBev NV, maker of the world's most famous beer has achieved a formal agreement to buy SABMiller PLC in a $106 billion deal. However, the deal will face a long process to pass regulatory approval in countries like from U.S., to India and China.
PayPal received complaints from UK parents for taking away the magic of Christmas and the mystery that surrounds Santa Claus. Most kids still probably hold on to the magical belief that Santa delivers Christmas presents in the middle of the night when the children were asleep.
The TalkTalk hacks that happened late October may have died down, but recent details shows that the number of victims that were initially reported isn't as it seems. According to BBC News, there are now a total of 156,959 customers that had their personal details accessed through the hack. 15,656 bank accounts were taken from those customers.
Britain has unveiled new surveillance law plans that will allow the police and security services to access the records of internet activity of everyone in the country without any judicial check. The new surveillance powers aimed to keep the country safe.
Amec Foster Wheeler Plc, a British oil and gas services company, has reduced its dividend payout by 50 percent as continuous fall in oil prices puts pressure on customers' spending.
The UK government is trying to pass a bill that would ban strong end-to-end encryption that could force Apple to stop selling its iPhone in that country. According to Forbes, the UK government plans to pass legislation that would prohibit the use of strong encryption, which means any encryption they can't break is not allowed.
