Tag: British

British fintech firm Revolut tries to tempt U.S. savers with 5% rate

Britain’s Revolut has announced a new 4.5% “bonus” on top of its base annual interest rates for American savers.

Revolut

LONDON — As major U.S. banks have been forced to slash interest rates on high-yield savings accounts during the coronavirus pandemic, one financial technology (fintech) challenger is going in the opposite direction.

Britain’s Revolut on Thursday announced a new 4.5% “bonus” on top of its base annual interest rates for American savers. It’s an annualized rate that’s calculated daily and pays out each month. Users subscribed to Revolut’s “Premium” and “Metal” accounts — which cost $10 and $17 a month respectively — will get a 5% rate on their savings, while standard customers are entitled to a 4.75% rate.

The top 5% rate is far higher than the current market-leading 0.83% offered by online bank Vio, according to personal finance website Bankrate, and more than 50 times the 0.09% national

Read More

British tech workers are moving to warmer countries as winter approaches

  • The coronavirus pandemic has resulted in a significant increase in the number of people working from home. 
  • With the Northern Hemisphere winter approaching fast, tech workers in the U.K. have been using the opportunity to move to warmer countries. 
  • Many people can do their job from anywhere in the world providing they have a computer and a reliable internet connection. 



a man holding a bottle of wine sitting on top of a building: Glow founder Phil Storey and his girlfriend Sophie Crosby, who has a remote job working for a marketing agency, in Barcelona's Gothic Quarter.


© Provided by CNBC
Glow founder Phil Storey and his girlfriend Sophie Crosby, who has a remote job working for a marketing agency, in Barcelona’s Gothic Quarter.

LONDON — With the Northern Hemisphere’s winter around the corner, British tech workers who are now able to work remotely as a result of the coronavirus pandemic are moving to warmer countries. 

Loading...

Load Error

While it’s hardly Antarctica, not everyone loves winters in Britain, and they’re widely regarded as being long, dark, and cold.

Tamara Evans, an account manager at London-based software firm

Read More

TikTok’s Theo Bertram grilled by British government about the app

Theo Bertram, TikTok’s director of government relations and public policy for Europe.

UK Government

LONDON — Theo Bertram, TikTok’s director of government relations and public policy in Europe, provided the world with a few insights into the wildly popular short video app as he was grilled by British politicians in Westminster.

The former Google exec, who used to advise former Prime Ministers Tony Blair and Gordon Brown, attempted to fend off questions on everything from political censorship to how TikTok goes about removing harmful content.

Cool, calm, and collected, Bertram appeared to run rings around the “digitally literate” politicians at times as they asked basic questions about how TikTok works. One politician got confused between a MAC (media access control) address, which is used to determine a device on a network, and an Apple Mac at one point, while another said that TikTok’s recommendation algorithm, which learns what you’re interested

Read More

British Virgin Islands to Accept Technical Calls, Warm Lay Ups – Cruise Industry News

Ships in Tortola

The BVI Ports Authority (BVIPA) has announced that permission has been granted for the acceptance of technical calls and warm layups at its seaports for cruise ships.

The goverment has agreed on conditions to allow cruise ships to carry out short-term berthing at the BVI Ports Authority’s Cruise Pier and Port Purcell dock under strict health and safety rules, according to a press release.

“It is important for the BVIPA to stay in line with the Government’s decision to suspend cruise liner visits to the Territory during the current COVID-19 Pandemic,” the port authority said, in a press release .”But the cruise business can be continued via what is known as a technical call or warm layup. This is not a cruise call, the vessel does not have any passengers on board, and it will be berthing exclusively to take on bunkers, provisions, spare parts and other services. No crew

Read More