What? The U.S. territory of Puerto Rico, located in between the Caribbean Sea and the Atlantic Ocean, faces a mounting debt crisis. The self-governed island inhabited by a population of around 3.6 million people has an estimated municipal debt of $72 billion, a debt Governor Alejandro Garcia Padilla described as “not payable”, in what is […]
The new opportunities presented in the shared economy have fuelled societies of micro-entrepreneurs to take advantage of their tangible and non-tangible assets through digital innovation. This is particularly the case in the UK- regarded as the mecca for sharing economy entrepreneurs and companies. A published report from PWC projects that total revenue in UK for […]
Today’s world is a product of financial innovation, explains Andrew Palmer in his new book Smart Money. Comparing the Mesopotamia era where payments were in the form of livestock, to the aftermath of the second world war where cigarettes were used as means of exchange in the black market, and to present day where almost all exchanges […]
After acquiescing to the demands of pop icon Taylor Swift, Apple is set to release its new online music streaming service Apple Music on the 30th June. The tech giant will look to bring competition into a music streaming market where Spotify has remained the dominant player. That is not to say Spotify have not incurred strong […]
