Finance

So long to the city! How lockdown created a wave of ‘panic movers’

Chantel Elshout, 39, and her husband, Michael Craig, 45, are moving from Clapham to the Cotswolds - Paul Grover for the Telegraph/ Paul Grover
Chantel Elshout, 39, and her husband, Michael Craig, 45, are moving from Clapham to the Cotswolds – Paul Grover for the Telegraph/ Paul Grover

Cast your mind back to February, just four months, yet another lifetime ago, and Emily Harvey was a committed urbanite. Her PR job meant she enjoyed long lunches in the latest London restaurants, while weekends were spent at hot yoga classes, pop-up farmers’ markets and museums with her five-year-old daughter, Alice. 

Lockdown obviously put paid to all that, but just as it eases, she and her family are fleeing the capital for good.

“We took a rental in the Cotswolds during lockdown and when we returned after 12 weeks, London was like a scene from [the horror film] 28 Days Later, with everyone in masks,” she says. “After a blissful time spent in the countryside we realised we didn’t want to be in a cramped,

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Accenture is laying people off as Wall Street braces for big cuts next year

 

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives from the past week. 

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Accenture is cutting US staff, and top execs just warned of more pain to come as the consulting giant promotes fewer people and looks to control costs, Meghan Morris and Dakin Campbell first reported. Their story got a lot of attention this week, and for good reason. It could be an indicator for how the firm’s own clients are weathering a downturn, and consulting likely won’t be the only industry to feel the crunch.

We also took a look at who’s most at risk once Wall Street kicks off the tidal wave of layoffs many banks had put on pause — and why boutique firms without a strong restructuring practice

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Puppy scams thrive amid coronavirus pandemic as Americans seek company: Illegal Tender podcast

This is part 1 of Yahoo Finance’s Illegal Tender podcast Season 6 ‘The Puppy Crimes of Quarantine’. Listen to the series here. 

In the early days and weeks of the COVID-19 pandemic, Americans acted on equal parts fear and necessity converting their homes into offices, gyms, and schools.

Those who were healthy found themselves restless and in search of a distraction. People painted rooms different colors and baked banana bread, and some saw an opportune time to get a puppy. 

Would-be dog parents took to the internet in droves searching for new dogs to adopt. Pandemic puppies were such hot commodities that reports of possible shortages of adoptable dogs first made headlines in late March.

Online dog scammers, which typically work during the winter holidays, came out in full force to exploit the pandemic. With stolen images or stock photos, they create online profiles of dogs, communicate with potential adopters, … Read More

Underage teens use Klarna to fund ‘free money’ shopping sprees online

Teen shopping online cartoon
Teen shopping online cartoon

Teenagers have exploited a credit loophole to go on “free” shopping sprees, it has emerged. Klarna, Britain’s biggest “buy now, pay later” lender, has been forced to over­haul its security system after a 16-year-old girl was able to open an ­account on the website and rack up debts of more than £500 through buying clothes ­online.

As disclosed this week by The Tele­graph’s consumer champion, Katie Morley, the minor was able to set up a Klarna profile by opening an account using her own name but her mother’s date of birth. This fooled the credit check system into thinking the girl and her mother were the same person, even though no one of that name, age and address existed on the electoral roll. It has exposed an alarming security flaw at the increasingly popular ­service, which is strictly for adults.

Klarna, which has seven million British

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Here’s How Cartier Is Helping Female Entrepreneurs Make a Big Global Impact

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Ready for a little good news? Cartier has announced 21 finalists for its Cartier Women’s Initiative, three of which hail from North America. Each year since 2006, the French jewelry and watch maison has used the platform to support female entrepreneurs with start-up businesses aimed at making a social or environmental impact. To date, CWI has given over $3 million to aid 240 women from 56 different countries. Of the various female-run companies to participate over the last 14 years, 80 percent are still in operation 15 years later, according to Cartier CEO Cyrille Vigneron. That is an impressive number given that statistically, only 25 percent of new businesses survive to the 15-year marker.

While the businesses that take part in CWI are for profit, Vigneron says their ultimate goal is to make effect change for the good of humanity. “They work deeply

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3 Essential Steps to Take

Love and marriage don’t always go hand in hand these days.

You’ve probably heard all the reports about how fewer people are marrying — even after the 2015 Supreme Court decision that gave couples of all genders the right to marry.

About 18 million people in the U.S. are cohabiting with someone they’re not married to. And it isn’t just young couples shacking up to test the waters before marriage. About 1 in 4 of the 18 million cohabiters in the U.S. are 50 or older.

You don’t need a marriage certificate to prove your love for your partner.

But here’s the problem: The government doesn’t care how in love you are, which means financial and estate planning for unmarried couples is extra important.

Why Financial Planning Is Tough for Unmarried Couples

One thing that marriage has going for it is that it’s a legal contract. That means certain rights

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Coronavirus: How to find a job after a layoff

As the unemployment rate hits its highest since the Great Depression while the coronavirus pandemic wreaks havoc on the U.S. economy, millions of Americans may find themselves out of a job for a few months or longer.

While finding a job in such an environment may seem intimidating, you shouldn’t bring the emotional baggage from the layoff to the job search process.

“Almost everybody loses their job at least once in their career and these days, job loss is very common,” said Stacey Staaterman, leadership and career coach. “You might worry that you look like a loser, but the world won’t see it that way, unless you bring sad sack energy into the search process.”

Here are a few steps you can take to make the job search process less intimidating and increase your chances of getting hired.

While finding a job in such an environment may seem intimidating, you shouldn’t bring the emotional baggage from the layoff to the job search process. Photo: Getty Creative
While finding a job in such an environment may seem intimidating, you
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Cannes Delivers Big Titles, Sales & Hope but Questions Market Models

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“The Blacksmith,” “Ferrari,” “Armageddon Time” and “The Card Counter” look like market highlights of an extraordinary Cannes market, which saw its two virtual platforms delivering for a select number of big U.S. projects, amid large market caution and even fear of a second COVID-19 spike.

In the art film sector, Cannes Official Selection label titles made much of the running, with distributors lamenting that they would have loved to have seen more screened at Cannes. “Without the festival, the market was weak in terms of arthouse, because we lacked the buzz, hype and the experience of being all together in a screening room,” said Stefano Massenzi, head of acquisitions and business affairs at Italy’s distribution banner Lucky Red.

More from Variety

Equally, more mainstream distributors looked for greater depth in the pre-sales market. Most everyone, however, was delighted and some even surprised that

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Lufthansa’s Biggest Investor to Back Government Bailout Deal

(Bloomberg) — Deutsche Lufthansa AG’s biggest stockholder publicly backed a 9 billion-euro ($10 billion) government bailout, giving the rescue plan a major shot of momentum and boosting the airline’s shares and bonds just before a crunch vote.

With Heinz Hermann Thiele declaring support after days of frenzied speculation about his intentions, the state rescue appears likely to secure the two-thirds backing required at Thursday’s special shareholders meeting. The German billionaire who had earlier criticized the conditions held the votes to single-handedly stop the deal and plunge Europe’s largest airline into turmoil.

A failure of the landmark bailout, which featured the state buying a heavily discounted 20% stake in the airline, would also have been a serious blow to Chancellor Angela Merkel’s efforts to take a more activist approach to managing Germany’s economy.

Thiele eased those concerns by saying he “will vote in favor” of the plan at the meeting, according

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Top tips to save when shopping online in a lockdown

Buying second-hand goods on Amazon, eBay or Gumtree could save you money during lockdown. (Christian Wiediger/Unsplash)
Buying second-hand goods on Amazon, eBay or Gumtree could save you money during lockdown. (Christian Wiediger/Unsplash)

From abandoning your basket to timing your spree right, a few insider hacks could save you up to £300 a year shopping online.

We all love getting a good deal, especially in lockdown when cashflow is uncertain.

With that in mind, personal finance experts Ocean Finance has compiled 23 insider tips that could help you save up to £300 every year.

Top 10 money-saving tips

1. Save your shopping for Wednesday, Thursday, and Friday

Retailers tend to offer discounts on Wednesday, Thursday, and Friday, so if you wait until the middle of the week, you could potentially save a lot of money on the items you are looking for.

2. Check store tags to see what is going to be put on sale

For those who like to look in-store before making a purchase

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