Monthly Archives: November 2014

LinkedIn facing lawsuit alleging violation of consumer protection laws



Ready for your next career move? Better get your colleagues on-side

How well do you get on with your co-workers? If you’re planning to make a career move and already use LinkedIn as part of your professional networking strategy, you might want to start brushing up on your relationship skills.

Why? Well because LinkedIn now features a ‘reference search’ function which allows anyone with a premium (paid) account to access a list of references for any other account holder. In practice, this means that recruiters or potential employers can trawl candidates’ employment history to flush out colleagues who worked for companies at the same time with a view to approaching them for a reference.  Continue reading

Luxembourg under spotlight as leaked documents reveal secret tax deals

Image courtesy Stuart Miles at

Image courtesy Stuart Miles at

Safe haven

Picture the archetypal tax haven and you’re probably imagining miles of white palm-fringed beaches lapped by the turquoise waters of the Caribbean. But it’s the secret tax deals in Europe that are hitting the headlines at the moment, as a report by  the International Consortium of Investigative Journalists (ICIJ) claims that companies like Pepsi and AIG have been benefiting from Luxembourg’s willingness to offer special terms to companies willing to funnel their profits through the Grand Duchy.

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Two Cheers for Shale

Barnett, Texas

Is a Fracking Boom the Answer to America’s Woes? Yes and No.

Quick. What’s the first thing on an analyst’s mind after a Republican sweep? Congratulations if you said ‘energy stocks’; Warren Buffet would be proud of your business acumen.

The GOP thrashed the Democrats in the midterms and generated a wave of high fives throughout the oil and gas industry. The XL Keystone pipeline’s path from Alberta, Canada to the Gulf Coast has been all but cleared. Republican candidates’ clear message of jobs over less tangible issues like climate change resonated with voters.

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HSBC’s performance dips in the wake of $1.8bn misconduct settlement


In the eye of the storm

It never rains but it pours. HSBC bosses must surely feel as if they are caught in the mother of all storms as Q3 results torpedo the bank’s chances of achieving its targets on the cost of running the business in 74 countries – largely due to the expense of bringing on board yet more legal staff in an attempt to avoid further damaging encounters with regulators.

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US 65th in World on Gender Pay Gap


gender pay gap

Mind the gap

People talk a lot about what’s fair. But in a world where most women earn less than men for doing the same job, fairness seems to take a back seat. The Global Gender Gap Report 2014 published by the World Economic Forum (WEF) charts only a small improvement in equality for women in the workplace in recent years. In fact, the gender gap for economic participation and opportunity now stands at 60% worldwide, having closed by just 4% from 56% in 2006. There isn’t anywhere in the world where a woman gets the same pay for doing the same job as a man and, according to the report, we might have to wait another 80 years or so to close the gap.

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What’s the most valuable watch in the world today?

Graves Supercomplication

History in the making

This month, a 90-year-old pocket watch will be auctioned by Sotheby’s. Not a story that would normally make the Bank of Cardiff news blog, granted. This watch is a special case, though. The ‘Graves Supercomplication’ is a bespoke timepiece created in 1925 for American industrialist, Henry Graves and is the only one of its kind. The combined prestige of the maker, Patek Philippe and its illustrious owner make it likely to be the most valuable timepiece ever sold.

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