Day: September 9, 2020

The complete blueprint to starting an online retail business in 8 easy steps

With global ecommerce sales exceeding $3 trillion in 2019, including some $106 billion in the UK alone, the online retail industry is booming.

Furthermore, with growth expected to continue to explode over the next 5 years, particularly in the mobile commerce field, there’s no better time to take the leap and start an online retail business.

Accounting for around 19.2% of all UK retail sales in October 2019, ecommerce and online shopping is becoming an increasingly popular alternative to high street or town centre shopping. Simple online store builders, as well as the influx of software solutions for automating everything from order fulfillment to bookkeeping means that starting an online retail business is no longer an unreachable dream for the average person.

However, building a profitable and successful online retail business is still no easy task. It requires a significant amount of time, work and effort, as well as

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Bank of England warn government against furlough scheme extension

The Bank of England’s chief economist has warned the government against extending the furlough scheme, arguing it will delay an “inevitable” shake-out of businesses hit by the Covid-19 pandemic.

Andy Haldane said a “necessary process of adjustment” was under way and an extension of the job retention scheme beyond the 31 October deadline would only delay this process taking place.

In a message that rejected concerns of spiralling unemployment without the subsidy remaining in place, Haldane said it was the central bank and government’s job to support the transition to new ways of working.
Business leaders, trade union bosses and opposition politicians have warned that the UK could suffer a wave of redundancies in the run-up to Christmas from the 2.3 million workers still on furlough if the scheme is cancelled.

Figures from the Insolvency Service show that employers, which must notify the government when they want to make 10

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GM inks partnership deal with EV startup

GM has acquired 11% in EV and hydrogen vehicle startup Nikola in exchange for which it will supply the company with know-how and technology.

Alexis Benveniste reported the news for CNN:

General Motors and Nikola are teaming up to work on the Nikola Badger, a fully electric and hydrogen fuel cell electric pickup truck.

The partnership gives General Motors (GM) an 11% stake in the startup, receiving $2 billion in equity, the companies said in a news release. GM will also get the right to nominate one director to Nikola’s board.

Nikola shares rose more than 33% in morning trading Tuesday on the news.

General Motors will be the exclusive supplier of fuel cells to Nikola’s (NKLA) Class 7/8 trucks in all areas besides Europe, the companies said.

The Wall Street Journal’s Mike Colias noted:

General Motors Co. GM 7.93% ’s shares jumped after

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Things you should know about price action trading strategy

There are many different kinds of trading strategies you can use as a currency trader. Every trading strategy is different and you must know how they work. Among them, the price action trading strategy is one of the best. This strategy is based on the different forms of Japanese candlestick pattern. If you know how to decipher the candlestick pattern at the important price level, you will be able to execute high-quality trades with a very tight stop loss. When traders learn to use tight stop loss, they can easily increase the lot size, which eventually increases the profit. In this article, we are going to discuss some of the hidden secrets of this price action trading strategy.

Impact of higher time frame

Price action trading strategy tends to work best when it is used in a higher time frame. People who use this strategy in the lower time frame, … Read More