Britain's technology sector saw more venture capital investment and stock market flotations in 2018 than other European countries by a big distance, new figures have shown. UK based tech companies attracted £2.49billion in venture capital investment last year, according to data compiled by London & Partners and PitchBook. This comfortably topped Germany in second place with £1.38billion and more than doubled third place France's £1.03billion. A large number of tech firms have congregated nearby London's 'Silicon Roundabout' According to the research the high level of incoming investment is being driven by a surge in funding for tech sectors such as fintech (financial technology), AI (artificial intelligence), blockchain and cryptocurrency. The data shows investment into the UK's AI sector peaked at £736million in 2018, up a chunky 47 per cent on 2017. Firms developing blockchain technology also saw record growth, securing more than £200million in … [Read more...] about Britain’s tech sector clocks up £2.5bn worth of new investment in 2018
The Hanoitimes - The tax department said the overall revenue witnessed significant improvement compared to last year, mainly thanks to a hike in global crude oil prices at US$74 per barrel. Vietnam’s tax revenue in 2018 reached VND1,146 trillion (US$49.43 billion), up 7.2% of the year’s estimate and 12.3% year-on-year, according to the General Department of Taxation. Illustrative photo. Upon breaking down, tax revenue from crude oil stood at VND66.04 trillion (US$2.84 billion), equivalent to 183.9% of the year's estimate, and up 33.2% year-on-year; collection of all kinds of tax reached VND1,080 trillion (US$46.57 billion) or 104.5% of the estimate and up 11.2%. The tax department said the overall revenue witnessed a significant improvement compared to last year, mainly thanks to a hike in global crude oil prices at US$74 per barrel (the estimated price was US$50), up US$18.4 per barrel year-on-year. This resulted in revenue for the … [Read more...] about Vietnam’s tax revenue up 12.3% in 2018
Cash was the best-performing asset last year, outperforming stocks, bonds, and commodities. After a brutal year for investors across those asset classes, some strategists have suggested cash is an increasingly attractive investment. So what exactly does “going to cash” mean? Here’s what investors should know. Cash was the best-performing asset of 2018. It reigned supreme among other investments like stocks, bonds, and commodities. Put another way, cash was the only major asset that posted positive returns last year, with a 1.9% rise, according to Bank of America Merrill Lynch. “A perfect storm hit equities in 4Q18 – high oil prices, a strong dollar and a shift upwards in the U.S. yield curve – which altered perceptions towards risk assets and encouraged investors into cash,” Sean Darby, global head of equity strategy at Jefferies, told clients in a report last week. In other words, investments of all stripes were hit as a confluence of … [Read more...] about Cash was the best-performing asset of 2018. Here’s what ‘going to cash’ means.
The Hanoitimes - Hanoi`s property market was bolstered by high economic growth and fresh FDI inflows, mostly from Japan. Hanoi’s real estate market performed well in the last three months of 2018 with significant growth in all segments including retail space, offices, apartments, and villas, according to a report by Savills Vietnam. Part of Hanoi. Photo: Asiantoday The good growth of the property market was thanked to the country’s GDP growth rate of 7.1% in 2018, bolstered by robust manufacturing and exports and the strong expansion of the service sector, said the report. The national retail sales of goods increased 12% on year to US$145 billion in 2018. Notably, registered foreign direct investment (FDI) to Hanoi was US$7.5 billion with 29% from Japanese investors in 2018. Retail space: increase rent in new projects The stock was approximately 1.4 million square meters (sq.m) in the fourth quarter (Q4), up 3% on quarter and 6% on year … [Read more...] about Hanoi real estate market ends up 2018 brightening picture of good performances
LONDON (Reuters) - British productivity growth slowed to a two-year low during the three months to September last year, as economic output grew more slowly than the number of hours people spent at work, the Office for National Statistics said on Wednesday. The ONS said output per hour annual growth in output per hour slowed to 0.2 percent in the third quarter of 2018 from 1.6 percent in the second quarter, its weakest growth rate since the third quarter of 2016. Unit labour costs -- the amount employers pay staff in wages and other costs for a fixed amount of output -- picked up to an annual rate of 2.8 percent from 2.1 percent, the biggest rise since the first three months of 2017. (Reporting by David Milliken. Editing by Andrew MacAskill) … [Read more...] about UK productivity growth falls to two-year low for third quarter of 2018