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  • BBC Business News: Pound falls further in Asian trading on Monday
    The pound falls in Asian trading on Monday, adding to Friday's record one-day decline for sterling.
  • BBC Business News: Many companies plan to impose Brexit hiring freeze
    An Institute of Directors survey suggests that a quarter of its members may freeze recruitment following the Brexit vote.
  • Business Matters: Social Media has become a prime enabler for Europe’s youth to drive forward its digital economy

    Titled Social Media is Now Serious Business for Young Europeansthe report finds that for the generation of young Europeans that have grown up immersed in digital technology, social media is far more than just a source of entertainment.  By democratising the way in which we communicate, discover information and share ideas, social media has helped to shape and empower this generation of young people, creating a new breed of employees and citizens across Europe: Generation Direct. 

    This generation is bypassing traditional channels and using social media very proactively to search for jobs, upgrade their skills, seek funding for their enterprises, create growth for their businesses or lobby their governments for change. The study found that social media has helped:

    • 46 per cent of young people to find jobs
    • 7 out of 10 young entrepreneurs to find investors
    • 88 per cent of students to connect with their peers to discuss courseware
    • 50 per cent young people to campaign for change through online petitions 

    These trends are helping drive Europe’s digital economy forward. The European Commission measures the progress of the region’s digital economy through a composite index called DESI (Digital Economy & Society Index) which is built on 5 pillars: Connectivity, Human Capital, Use of the Internet, Integration of Digital Technology and Digital Public Services. The European Union’s score (EU28) has increased from 0.46 in 2014 to 0.52 in 2016 on this index, led by increased digitization of businesses and online commerce.

    N Chandrasekaran, CEO and Managing Director of TCS said: “Through this survey we are looking to ensure that the voice of Europe’s young people is being heard by the European decision-makers who affect them – be it business boardrooms, parliaments or academic committees. The survey concludes quite compellingly that Social Media is playing a crucial enablement role in strengthening the careers of Europe’s 90 million young people and helping drive its economy. Europe’s political and business leaders must take all steps to ensure that they embrace digital technologies to better engage with and enable their youth. The entrepreneurial energy of this generation has a huge potential economic upside for employers, businesses and governments; if they are willing to embrace it.”

    Shankar Narayanan, Country Head, TCS UK & Ireland commented: “This generation of young people instinctively see the world through a social filter; whether they are looking to find a job, raise funding for a business or engage with political issues. For instance, 62 percent of young Britons have signed a petition via social media but just 43 percent of 18-24 year olds voted in the 2015 General Election. This typifies the way in which established institutions and brands are still at times struggling to engage with Generation Direct. Businesses, employers and governments need to understand what this new generation means for their organisation and adapt accordingly by placing a greater emphasis on responsiveness, flexibility and peer-to-peer collaboration.”

  • BBC Business News: Seeking shelter
    As stock markets tumble and sterling weakens in the wake of the EU referendum result, what are the safer alternatives for investors?
  • BBC Business News: 50 years on
    Fifty years ago this week Barclaycard issued the first credit cards in the UK. Simon Read looks at how the plastic card changed our relationship with money.
  • BBC Business News: A brief history of the credit card in the UK
    A quick look at the evolution of the credit card in the UK over the last 50 years.
  • BBC Business News: Stock market rebel
    A profile of stockbroker Brad Katsuyama, who devised a way to prevent the controversial practice of high frequency trading on the US financial markets.
  • BBC Business News: Osborne statement seeks to calm fears
    Chancellor of the Exchequer George Osborne will issue a statement early on Monday morning in a bid to calm financial markets after Friday's turmoil.
  • BBC Business News: HSBC 'to move jobs to Paris if UK leaves single market'
    HSBC would move up to 1,000 staff from London to Paris if Britain left the single market and was not part of the European Economic Area, the BBC understands.
  • BBC Business News: Brexit: Asian powers warnings over global stability
    Some of Asia's biggest economies have expressed concerns over the world's economic stability as a result of Britain's decision to leave the EU.
  • BBC Business News: Torrid times
    Global markets are braced for another day of torrid trading on Monday in the wake of the UK's vote to leave the European Union.
  • CNN Business: London banks will pay the 'price' of Brexit
    British banks could lose their access to European markets after the U.K. voted to leave the European Union.
  • CNN Business: Brexit + deep uncertainty = Market chaos
    Brexit has thrown one of the foundations of the political world into disarray. And the U.K. and European Union aren't sure what comes next.
  • BBC Business News: Javid plans 'no panic' business meeting
    Business Secretary Sajid Javid says he will meet this week with business leaders following the Brexit vote, telling companies not to panic.
  • CNN Business: After voting for Brexit, what happens now?
    Read full story for latest details.

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