Browsing: business

China’s economic slowdown and ongoing deflation are set to create both winners and losers across the global economy, according to a new report by Euromonitor International. Lan Ha, Head of Economic Research at Euromonitor, highlighted that China’s post-pandemic recovery has faltered due to declining export demand and sluggish domestic consumption growth. Despite a projected growth rate of around 5.0% for 2023-2024, this figure falls short of the pre-pandemic average of 7.7% annually from 2010 to 2019. In response to the economic downturn, the People’s Bank of China has cut interest rates twice this year, in June and August. However, additional…

Mind Medicine (MindMed) Inc. (NASDAQ: MNMD) (the “Company” or “MindMed”), a clinical-stage biopharmaceutical company developing innovative product candidates to treat brain health disorders, today announced the pricing of an underwritten public offering of 9,285,511 common shares, without par value, at a public offering price of $7.00 per common share. Additionally, to certain investors, the Company is offering pre-funded warrants to purchase 1,428,775 common shares at a price of $6.999 per pre-funded warrant, which represents the per-share public offering price for the common shares, less the $0.001 per share exercise price for each pre-funded warrant. The gross proceeds to MindMed from…

Postgraduate students at Oxford Brookes Business School (OBBS) took centre stage during the University’s annual Business Challenge Week, held from 17 to 21 June. The event saw students collaborating with businesses to tackle real-world issues, culminating in a showcase of innovative solutions at the University’s Headington Campus. The week-long event involved 45 students, including 12 from the University of Regensburg in Germany, a partner institution of Oxford Brookes. These students were tasked with developing strategies and recommendations for participating businesses, providing them with hands-on experience in addressing contemporary challenges across various industries. Dr Karla Zimpel-Leal, Senior Lecturer in Innovation and…

CloudPay Secures $120 Million Funding to Bolster its Global Customer Base Andover, UK, 8 August 2024 – CloudPay, the leading independent provider of global payroll and payment solutions, today announces the successful completion of a $120 million funding round led by Blue Owl Capital, with participation from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. This investment fortifies CloudPay’s capital base and provides flexibility for future growth initiatives. With a distinguished 30-year history, CloudPay has established a world-class customer base, collaborating with over 280 corporate clients to manage their payroll and payment requirements across more than 130…

Employees in the East Midlands are more optimistic about their job prospects compared to the national average, but they hold lower expectations for pay rises. This is according to the most recent Robert Half Jobs Confidence Index (JCI), an economic confidence tracker produced in collaboration with the Centre for Economics and Business Research (Cebr). The data revealed that 61% of employees in the region are confident about their job prospects this year, which is slightly above the national average of 60%. While optimism about career options in the next five years drops to 50%, this figure still surpasses the national…

BRIDGEND, UK. 6th August 2024 – Mazuma leading provider of accountancy services for micro-businesses in the UK, has announced the appointment of Gary Turner, former UK CEO and Co-Founder of software giant Xero, to its Board of Directors. This appointment follows a significant financial boost for Mazuma. In January 2024, the company secured a multi-million-pound investment from Innovation Investment Capital Limited Partnership (IIC). This funding is set to drive Mazuma’s growth and innovation plans, positioning the company to further disrupt the traditional micro-business accountancy sector. Coinciding with this investment, Co-Founder Lucy Cohen was appointed as CEO. Mazuma, founded in 2006 by…

North East employees exhibit above average job confidence and demand higher pay Employees in the North East are more optimistic about their job prospects than the national average and, as a result, are expecting more significant pay increases compared to other regions. This is according to the latest Robert Half Jobs Confidence Index (JCI), an economic confidence tracker produced in collaboration with the Centre for Economics and Business Research (Cebr). The data reveals that 68% of workers in the region are confident in their job prospects this year, surpassing the national average of 60% and exceeding London’s 63%. Although this…

Creatives severely impacted by the pandemic have discovered profitable new ways to sell their work online Artists are leveraging social media to attract fans, then monetising their content through subscription platforms like Patreon This model provides a more stable income but is prone to misuse and forces artists to act as their own agents and promoters Musicians are forging more financially stable careers through subscription platforms such as Patreon, as revealed by a recent study, providing hope in the face of streaming challenges and copyright infringement. The pandemic-induced shift to digital art sales, necessitated by the inability to perform live,…

As the African business ecosystem continues to flourish, with significant mergers and acquisitions (M&A) activity in recent times, founders and CEOs must navigate a complex landscape to secure larger funding rounds or successful exits. Victor Basta, CEO of DAI Magister, offers invaluable advice for African growth-stage companies aiming to maximise their funding and exit values. The African market is on an upward trajectory, evidenced by 43 M&A deals announced in the first quarter of 2023 across Africa and the Middle East, totalling over $1 billion—an impressive 45% increase from the previous quarter. This surge presents a golden opportunity for African…

A recent study by SumUp, a leading global fintech company, has identified the best cities in the UK for independent business owners who are also raising families. The research evaluates various factors including rent and utility costs, as well as amenities for children such as schools and playgrounds. Navigating the dual challenges of running a business and nurturing a family is no easy feat. However, SumUp’s latest report highlights several UK cities that provide a supportive environment for both small businesses and family life. The study assessed eleven criteria, encompassing monthly business expenses, green spaces, and educational facilities, to determine…