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Peer-to-peer lender RateSetter's losses jump to £23 million after one-off hit

RateSetter made a pre-tax loss of £23.3 million in the year to March 2017. Figure inflated by a £12 million loan to an advertising company that RateSetter subsequently took over after it got into financial difficulty. Results show revenues also rose by 38% to £23.7 million, customer and borrower numbers also up.

LONDON — RateSetter, one of the UK's three biggest peer-to-peer lenders, saw its losses jump last year after it took a hit from a bad loan.

RateSetter booked a pre-tax loss of £23.3 million in the year to March 2017, compared to a £5.3 million in the previous year. The company operates a peer-to-peer platform that matches retail investors with individuals looking to borrow money.


Bittrex customers left angry as crypto exchange beefs up ID checks

Customers of Las Vegas exchange Bittrex claim they are having problems withdrawing money and are not receiving any communication from the company as to why. Bittrex tells BI the issues are to do with new identity verification processes that are needed to comply with US regulation and protect users from fraud. Bittrex admits to "significant delays" handling customer queries but says it has hired more staff to deal with the backlog.

LONDON — Customers of cryptocurrency trading platform Bittrex are complaining of problems withdrawing money and say they have been left in the dark by the huge US exchange.

Several Bittrex customers contacted Business Insider in recent weeks to complain about problems. Others have taken to Twitter and forums such as Reddit.

Dear bittrex, i have


The biggest excuses narcissists spin to keep you hooked — and why this makes them dangerous

Narcissists are very skilled liars. They're great at spinning a web of lies to keep you hooked. They also explain away their abusive behaviour by manipulating their partner into thinking they can't help it. Sometimes they also shift the blame onto the partner. You can't trust a narcissist, so the best thing to do is to break free and never look back.

Breaking up with a narcissist can be very difficult. If they aren't finished with you yet, they will plead you to stay. If you are trauma bonded to them, then their begging and false promises may well work.


The UK launch of Amazon Business has 'exceeded expectations'

Amazon Business launched in the UK in April, letting businesses procure goods on the platform. Service already has 90,000 UK customers, from sole traders to FTSE 100 companies.

LONDON — 90,000 UK companies are using Amazon Business just eight months after launch.

Amazon disclosed the usage figures for its business procurement platform in the UK for the first time on Tuesday. Amazon Business launched in the US in 2015 and expanded to Britain in April of this year.

"It's a one-stop shop for business customers to buy what they need to operate their business," said Bill Burkland, head of Amazon Business in the UK.

"What we noticed is that a lot of businesses were indeed shopping on Amazon. They were, to some degree, fulfilling their need. The question we ask is how can we make the lives of those businesses radically better?"


Not enough people know about this amazing way to buy an iPhone X (AAPL)

 

The iPhone X is an extremely expensive device, costing £999 or more if you buy it outright. Most people end up paying much more than this by committing to two-year contracts with their mobile carriers. There's a better value way of avoiding these costs and buying an iPhone X directly from Apple, called the iPhone Upgrade Programme. It can save you hundreds of pounds versus going through a mobile carrier.

I am an Android user and, for the first time in 13 years, I'm tempted to buy an iPhone. That's apart from a short blip in 2015 when I bought an 8GB iPhone 5c on a two-year contract, but the less said about that misadventure the better.


Microsoft has set up an internal AI University to try and get around the skills shortage (MSFT)

Microsoft has set up its own internal "university" to train Microsoft staff in the field of artificial intelligence. The company is also looking to hire people at machine learning conferences likes NIPS. Chris Bishop, head of the Microsoft Research lab in Cambridge, said he's keen to avoid "hoovering" up AI professors from universities.

Microsoft has set up an internal "AI University" in a bid to help it overcome the skills shortage in the booming field of artificial intelligence (AI).

Chris Bishop, the director of a Microsoft Research lab in Cambridge, UK, told Business Insider that the Microsoft AI University is one of several schemes Microsoft has implemented to address the lack of talent in the field of AI, where there's fierce competition between tech firms to hire the best people.


Etsy usually has a great holiday season — but Amazon could ruin things this year (AMZN, ETSY)

The holidays have traditionally been a special time for Etsy. As is the case with many retailers, Etsy's sales tend to spike during the holiday shopping season. But for the purveyor of handmade goods, the jump in sales has usually been especially dramatic, as we can see in this chart from Statista. To spur another big year, the company recently added some new features to its site, including a gift finder service, a gift-wrapping option, and free shipping on selected items.

However, Etsy's ability to reprise its holiday good fortune is an open question now that Amazon is aiming for a bigger piece of the homemade goods market. The e-commerce giant announced this week that products from its


Box CEO Aaron Levie thinks going public helps enterprise startups compete with the big dogs (BOX)

When Aaron Levie took Box public in 2015 — nearly a year after first filing — critics wondered if it was too soon for what was once the hottest startup in enterprise technology.  Three years later, Levie said he's "really happy" Box is public — particularly because enterprise clients like to know what's going on at the companies they work with. Also, he said, quarterly earnings reports have helped Box mature into a more financially disciplined organization.

Many corporate executives love to grouse about the difficulties involved in running a public company — from the regulatory red tape involved to the market's intense focus on quarterly results to being at the beck and call of often short-term investors.


The best career advice of 2017
Posted December 8, 2017 5:27 PM
The best career advice of 2017

2017 is almost over. A new year is nearly upon us. It's a time for resolutions and reflection.

So it's not a bad time to think about improvements and tweaks we can make to our own careers.

Business Insider has interviewed numerous successful people about their career experiences and insight. We boiled down the mountain of advice to a few standouts we found particularly interesting.

Here's some of the best advice we heard this year:

Be intentional with your time

Facebook product design VP Julie Zhuo spends much of the day in meetings.

But before she plunges into these conversations with her teams and direct reports, she likes to make a game plan.

"I try to be very intentional about my time,"


Apple is reportedly buying Shazam, a music recognition app last valued at $1 billion (AAPL)

Apple is reportedly buying Shazam, a music recognition app.  Apple is said to be paying $400 million for the company, which was last valued at $1 billion.

Apple is reportedly buying music recognition app Shazam, a move that could allow it to integrate an important feature into its line of smartphones at a time when the iPhone's innovation crown is under threat from Google and Samsung. 

The deal is expected to be signed this week, according to a TechCrunch report citing anonymous sources. Apple is paying $400 million for Shazam, according to one source in the report.That price is lower than Shazam's most recent post-money valuation of $1.02 billion, according to Pitchbook.