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What to look for in cyber insurance coverage

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There are many features to look for in a cyber insurance policy, from legal advice to business interruption to privacy breaches. Let’s talk through some of the most important elements of cover to help you decide what you need in a policy.

To start with, legal advice has become the aspect of cyber insurance most used by businesses, with 73% of organisations admitting to claiming legal assistance with their policy in a 2020 survey for the UK Government’s Department for Digital, Culture, Media and Sport. It is worth checking whether your insurance provider includes access to law experts as part of its package. 

The best cyber insurance packages also include business interruption protection. This is at the core of cyber policies and means that if an IT failure or cyber-attack disrupts business activity, insurers will pay for the loss of income or increased costs of trading in the aftermath of an incident. 

According to NimbleFins, another important aspect of cyber insurance is cover for privacy breach costs, as it protects a business from what could be hefty damages paid to customers if their data is leaked. This clause in a policy can also cover the cost of notifying customers of a breach, investigation costs and legal fees.

If a business relies on a complex private network to run its business it is worth ensuring a policy has protection for restoring computer systems as well. 

Organisations that use many electronic devices should consider whether to include an asset replacement clause that would cover the cost of new devices or restoring lost, corrupt, or altered data. Sometimes asset costs can be covered by contents insurance, but it is worth checking the small print to see if your existing cover would include replacing electronics as the result of a cyberattack.  

Cyber insurance cover features

Cyber insurance cover features third party protection to your customers and other contacts who are affected by a covered incident as well as first-party, direct costs to your business as a result of a cyber incident. The extent of coverage depends on your policy and whether it has both first party and third party protection. 

First party cover can include:

Business interruption: This is the core policy in cyber insurance and covers loss of income or profits when a cyberattack or IT incident prevents trade from taking place. 

Investigations: To find the source of the incident. 

Managing an attack: Legal and other expert advice and assistance to help navigate the law and restore systems. This could be whether a business is the victim of a hack, data or security breach, virus, or IT network failure. 

Cyber extortion: Practical advice if a ransom is ordered from hackers. In some cases (although not advised as the first port of call) insurers can cover the financial demand. 

Recovering lost data or programmes: Experts can come to the rescue of a business to repair systems and bring back lost documents.

Restoring computer systems: To get a business back up and running. 

Notification costs: Covering the expense of notifying customers or other third party victims of a data breach. 

Reputation management: For example, funding a PR campaign or paying for free credit monitoring or credit protection services for affected customers.

Third-party protection covers costs relating to a customer base or other third parties. This can be invaluable in protecting a reputation and includes:

Media liability: Covering investigation, defence and damages if a third party has a claim of defamation as a result of private information published in the media.

Privacy protection: If a third party’s right to privacy has been breached by a lapse in security, insurance can cover legal defence costs and settlements. 

Does cyber insurance cover ransomware?

Reputable cyber insurance policies cover ransomware attacks. This could include paying for an expert’s advice on how to negotiate with the hacker, as well as reimbursing the ransom amount paid under duress. 

Cyber extortion – when a hacker seizes control of an organisation’s computer system or data until a fee is paid – is now standard in most cyber insurance policies. It is becoming more popular as businesses move online. In some cases, the ransomware policy can also cover the ransom theft – if the money is stolen on the way to the hacker. 

Does cyber insurance cover GDPR fines? 

It is unclear whether cyber insurance will cover GDPR fines, but policies should help with other implications of a GDPR breach, such as legal advice. Until there is a test case it cannot be said for certain whether cyber insurance will cover GDPR fines. 

Under GDPR laws, fines can be up to €20 million or 4% of the company’s turnover, worldwide, whichever is greater. Fines are not usually covered by insurance as it negates the impact of the punishment, therefore they lose their status as a deterrent. Businesses should decide if fines are covered “to the extent insurable by law”, Lexology says.

Cyber insurance does cover legal advice and can pay for costs associated with reporting a GDPR breach to customers. Cyber insurance can also help with recovering lost data and other aspects of managing a security breach.

How to Promote Your Ecommerce Store with Instagram Videos

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The e-commerce industry is expected to grow more rapidly than ever before. This is why everyone is trying to establish their own ecommerce store in order to grab a slice of the pie. There are many ways through which you can promote your store. One of them is through video marketing on Instagram! Instagram is an extremely famous video and picture-sharing application that is used by millions of people around the globe. This makes it a perfect platform for marketers to reach out to their target audience.

What is Instagram Video Marketing?

But what is Instagram video marketing? Well, it refers to creating video content to generate both sales and engagement through the social platform. You can use different features to create a highly creative video that would certainly get the attention of the viewers. On Instagram, there is a good chance that your video marketing efforts would work out. Why? Well, it has been revealed from a study conducted by Quintly that video drives more engagement as compared to photos.

Types of Instagram Videos

Let’s now discuss the types of Instagram videos that would help you in promoting your e-commerce store the most.

#1. In-Feed Instagram Videos

These are those videos that show up in your feed. These are similar to those in-feed videos that you find on other social media platforms such as Twitter and Facebook. Such videos rank on the basis of engagement. People can comment and like the videos. They can even save it if they liked what they saw.

Now you must be wondering how such videos work. Well, the first thing you should remember is that the videos can only be up to 60 seconds in duration. These videos would autoplay without sound. If a user has turned off this feature then a thumbnail would be shown with a play button. You will also be given a choice to either share a single video or to make a carousel post that can contain up to 10 videos or pictures.

To make sure your videos get the best result while using this method, you should follow these steps

  • Use catchy thumbnails
  • Keep the videos short
  • Tag products
  • Use subtitles

 

#2. Instagram Video Stories

This feature is really popular among Instagram users. It has been reported that almost 500 million people post stories on the platform daily. And you would be surprised to know that about one-third of the stories published are done by businesses. For creating Instagram video stories, you need to make sure to keep its duration to 15 seconds. But here’s the thing. You can create multiple stories and post them as one. Plus, there is no limit on the number of stories you share. Remember that these stories would stay on your account for just 24 hours before disappearing. You will have an option to save these videos and display them on your profile as a highlight.

Here are a few tips that you can use to ensure that your videos get better results.

  • Use stickers
  • Add links
  • Create hashtags

 

#3.  Instagram Video Ads

While in-feed videos can work great but if you want instant results then an Instagram video ad is the way to go. If you do this correctly then you can expect to receive more clicks and conversions. There are two ways you can run an Instagram video ad i.e., story ads and in-feed video ads. If you wish to go for this method then make sure that the in-feed video ads you create must be less than 60 seconds in duration whereas the story ads should be less than 15 seconds. For the in-feed video ad, the resolution would be 1:1 while for the story ad, it would be 9:16.

For your video ads to get the best results while using this method, you should consider the following tips.

  • Use less than 20% text in thumbnails
  • Make the videos as short as you can
  • Use simple language so that everyone can understand
  • Optimize both the funnel and the video for mobile

 

Conclusion

And there you have it! These are three Instagram video strategies that can help you promote your ecommerce store effortlessly. If you are thinking about which kind of content would click with the audience then try making tutorial, brand storytelling, product, and BTS or behind-the-scenes videos. Plus, don’t forget to subscribe to a good internet connection before you start promoting your business on the platform. I remember how I used Spectrum internet to market my products on Instagram to generate my initial sales. You can do the same to run a successful e-commerce business!

How to sell your house quickly in 2021

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Life for most people has become so fast-paced – rushing to make the most use of available time.  The same can be true of the property market, too, with people needing to make a sale go through as soon as possible.  Properties in Monaco can come under this bracket too. 

One of the best tips to sell your house quickly is to enrol the services of a professional and experienced real estate agent.  These agents are authorised to both rent and sell.  So, if you have a property for sale in Monaco or a property to rent in Monaco, the expertise of a trained estate agent is essential.  They will see to all the administrative work and be able to obtain the best price for your home. Through their vast experience, they can “spot” unlikely buyers and can help in the selection of a good reliable buyer.

Other suggestions for a quick sale are listed below:

First impression:  The exterior of the house should be appealing to a buyer, with a pleasing landscape into which the property fits. Freshly painted doors, clean windows and a well-attended garden (if it is a detached property) will add to this appeal.  This will also show the prospective buyer that the house has been well taken care of. 

Interior: 

Not only does the exterior of the house need to be in good order.  Any repair work should be completed so that all equipment is working efficiently and satisfactorily.  The interior should be clean and clutter-free.  Furniture can be moved around to provide more space, making the rooms look bigger.  Additional, non-essential furniture can be stored away.  Personal items should be removed so that the prospective buyer can have a neutral image to plan on designing/renovation. 

Price: 

The price should be competitive, and the right estate agent, with knowledge of the local market, can help with this.   Be prepared for negotiations and the possible decrease in the asking price. As everyone is aware, property prices in Monaco rate amongst the highest in the world. 

Transferable home warranty:

 If an additional perk like a transferable home warranty is offered, then a prospective buyer is aware that the home is safeguarded, leading to a faster decision.

Type of accommodation: 

The trend is changing, and many buyers are more selective, wanting newer and larger buildings with more amenities like swimming/infinity pools, garden space and car parking.  Some are not interested in purchasing old buildings and then renovating or refurbishing them. However, due to space restrictions in Monaco, some buyers have no other alternative.  With the planned reclamation of land from the sea, more buildings – apartments and villas – will be built, conforming to the current buyers’ tastes. Hence, the guidance of an experienced estate agent will help in showcasing your property to the maximum by dwelling on the USP (Unique Selling Proposition) of your home.  This will attract prospective buyers to it.

Flexibility: 

Try and accommodate a home viewing according to the buyer’s request, even if it is not a convenient time for you.  If a buyer wants to move in before you had planned, be flexible.  However, do not give a prospective buyer the opportunity to withdraw because of needless delays.  Ensure that everything is organised and keep all documentation ready and in order.

Conclusion: 

There are no restrictions on foreigners investing in property in Monaco. The safety and security within this tiny sovereign state is a big incentive. Many people want to make Monaco their main residence, rather than having just a holiday home there. The tax benefits with no capital gains tax, property tax or income tax provide another incentive for investors. 

That is why the Monaco property market is predicted to keep doing well.  The sales transaction process is usually straightforward, with the sales contract signed with a 10% deposit held with a public notary or estate agent before the property’s legal transfer. It is always advisable to have a lawyer study the contract before it is signed.  Due to the simplicity of a sales transaction in Monaco, deals usually go through without much delay so, once the buyer is satisfied, it is possible to sell your house quickly!

Why traders read FXPro Review by Traders Union

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FXPro Review, published on the Traders Union website by financial experts and analysts, contains the fullest scope of information about all areas of activity of the broker: its trading conditions, investment and bonus programs, offers for partners and other features.

In FXPro Review, you can find broker analysis by criteria and popularity dynamics among its customers, compare the broker’s key trading conditions with those of the competitors, look through customer reviews and trading conditions of FXPro: minimum deposit and leverage, spread and minimum lot, order execution speed and peculiarities of working with the company.

Traders read FXPro Review on the Traders Union website, as it is where you can find the fullest, most authentic expert information about the company in one place. 

FXPro Review — methodology of broker analysis

Before publishing a detailed broker review, Traders Union financial experts study the company’s website, test registration and opening of trading accounts, perform trading transactions and check whether the real trading conditions on the account with the broker correspond to the ones the broker has published on its website.

In other words, Traders Union specialists conduct not only an external audit of the broker, but also perform an internal inspection of its services – this kind of serious professional approach to preparation of FXPro Review by Traders Union guarantees that the information is up to date, which attracts attention of the beginners and professional traders.

During the so-called ‘audit’, the following criteria of the broker are checked:

●      Technical. The broker’s website is studied: functionality of the Personal cabinet and the speed of operation of the broker’s services are checked.

●      Trading. The broker’s trading platform is tested: its operation, features, instruments and additional features and possibilities. 

●      Service. Contact is established with the broker’s customer support: each channel of communication is checked for different issues; the speed and quality of responses of the support team are recorded.

●      Financial. The timeframe for deposits and withdrawals is studied: payment systems the broker provides access to are checked, presence of non-trading commissions and their size are established. 

●      Legal. Regulatory documents of the broker are studied: client agreement, regulation on trading transactions and charging swaps, conditions of earning bonuses and the rules on filing claims.

Conclusion 

FXPro Review by Traders Union is regularly updated and published in different languages, which attracts traders from all over the world.

The key objective of Traders Union is to create an independent broker review, in which the traders will be able to find the fullest expert information in one place, without spending time on independent studying and checking of all services of the brokerage company.

Become a member of Traders Union and get more latest information about Forex brokers!

How to Beat Joint Pain and Get Moving Again

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Joint pain is one of the most common issues to plague modern society — and really, it should come as no surprise.

Your joints describe the parts of your body where your bones meet one another. As a point of articulation, they are what allows your body to move. The main joints of the human body include the shoulders, hips, elbows, knees, ankles, and wrists.

Although your joints allow you to move, they also act as “load distribution centers”. In this manner, they absorb and transfer load through your limbs during movements like jumping, throwing, sprinting, or walking.

Now this is not a bad thing — I mean, if your joints are designed for this purpose.

However, because of their natural role in the human body, they can get a little beaten up over time. This can lead to joint degradation, joint damage, and joint pain.

Which is why we wanted to provide some practical ways you can beat joint pain and get moving for good.

1.   Start Weight Training

But wait, wouldn’t that put more load on my joints?

Well, yes — but not in the way you might think.

When people suffer from joint pain they can very easily fall into the trap of avoiding exercise because they are worried it will make it worse. However, this inactivity can lead to a loss of muscle strength, which can actually increase joint pain.

While your joints play a key role in absorbing and distributing force through your limbs, this is a process that is facilitated by your muscles. In short, the stronger your muscles are, the more load they take off of your joints.

As a result, actively participating in weight training and strengthening the muscles around your joints is the perfect method of reducing joint stress. This can also improve joint stability, reducing their risk of becoming degenerative.

And as a bonus, you don’t have to do a lot.

In fact, undertaking 2-3 weight training sessions per week has been shown to cause large reductions in joint pain — making it a great choice.

2.   Take the Best Collagen Supplement

Every physical tissue in your body contains a compound known as collagen.

You can think of it as the glue that keeps your cells together. It provides structure to your body’s tissues, ensuring they maintain their shape, strength, and function.

And this is especially true for your cartilage, ligaments, and tendons.

As a result, there is evidence to suggest that taking a collagen supplement can improve joint health and reduce joint degeneration. Over time, this can lead to significant reduction in joint pain and vast improvements in function.

Now, the hard part here is that there are literally thousands of different collagen supplements available on the market — of which, some are much better than others. Which is why we recommend searching through reviews on the best collagen supplement and finding one that suits you best.

3.   Mix Up Your Diet

In conjunction with exercise and collagen supplementation, there is also some interesting evidence to suggest that changes in diet can also have a very positive impact on joint pain.

Diets full of the potent antioxidants coming from fruits and vegetables have been shown to lower inflammation throughout the human body. Importantly, this can reduce joint stress, improve joint pain, and even lower your risk of joint degradation.

On the other hand, diets that contain a large amount of highly processed foods, sugar, and trans fats have been shown to increase inflammation, which can have the opposite effect.

With this in mind, if reducing joint pain is your goal, then vegetables, fruits, lean meat, seafood, nuts, grains, beans, and legumes should be a staple in your diet — while packaged and take-away food should not.

4.   Go for a Walk

Finally, there is also evidence to suggest that undertaking regular light aerobic exercise can lower sensations of joint stiffness and physically lubricate your joints, which can lead to reductions in chronic joint pain.

As a bonus, light aerobic exercise can also contribute to weight loss, which offers another useful way to reduce the load that is distributed through your joints, causing lasting reductions in joint pain.

Some of the best low-impact aerobic exercise for joint pain include:

  • Walking
  • Cycling
  • Swimming
  • Rowing

One thing that’s unimportant to note here is that you do not have to do heaps to have an impact. In fact, as little as 15 minutes power day will cause a noticeable improvement — making it too easy not to do.

Key Points

If you suffer from joint pain, take solace in the fact that it is not a death sentence.

You can cause lasting improvements in joint health by commencing weight training, undertaking some light aerobic exercise, changing your diet, and simply taking the best collagen supplement.

Just be sure to do your research and find the best collagen supplement for you.

4 Ways Employees Are Abusing Your Online Time Clock

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Using an online time clock can help run your business smoothly and limit risks. Running a business means you need to watch everything that is going on. You want to ensure your employees are doing their job without micromanaging them. If you’re a manager, you want to find ways to keep an eye out for your team but still be able to give them the freedom they deserve.

Sometimes, that doesn’t always happen. Most people who make up your team will be kind and want to help your business grow. However, some employees will want to take advantage of you and abuse your older time clock system. This is why it should be your number one goal to switch to an online time clock if you haven’t already.

You may not know this, but there are ways that an employee can abuse their time clocks with other systems. It’s easier to get away with, harder to catch, and may leave you frustrated. Time theft should not be tolerated, but how can you stop it if you can’t see it? You may not know what to look for, and that is where we come in to help you.

Here is a list of all the ways employees can abuse the time clock you have now.

4 Ways Employees Can Abuse Outdated Time Tracking Systems

Having to always keep up with your team is impossible; you can’t be there to watch every team member punch in. Using an older time punching system means that these situations are more likely happen to happen. If you switch to a new online time clock software, these risks can be limited.

Buddy Punching – Buddy punching occurs when one employee punches time for a coworker even when they are not there. Someone could be running late and call their friend to punch them in so they won’t lose any hours. This is good for them but makes you and your business lose money. It should be limited, and an online timecard system can do that for you.

Falsifying Hours – When using an old time tracking system that is done all by hand, it is easier to add a few minutes extra each day. An employee can easily add a few more hours in to make it look like they worked more. This means they get paid more for work they did not do. Modern online time clock software can automatically capture work hours in real-time and reduce unnecessary manual adjustments.

Skipping Breaks – If you have mandatory breaks, your employees could be skipping them because it allows them to make more money. However, the opposite can be said as well. If they know you don’t keep a close eye on breaks, they may take more breaks than do any work. This could also be theft of company time. Online timesheet software allows you to alert employees of upcoming breaks and be alerted if a worker skipped a requirement break.

Punching Out Early – With ancient time tracking systems, an employee can easily leave early and fix the records later, and you would have no idea. Conversely, the employee could leave later in the day to gain more hours, and you would not know why. Either way, they get paid more than they should be. Online time clock software allows you to limit when employees can punch time and notify you if they leave work outside their scheduled hours.

Most employees would never do this to an owner or manager they are dedicated to, but it does occur. You should be prepared for these situations to happen, and it is your job to limit these occurrences. They are risky and can lead to a reduction in profit, but luckily you can invest in employee timesheet software to help.

Labor costs are often the most significant expenses in a business. Of course, you want to pay your team everything they are owed, but no more than that. With online time clock solutions, you can ensure accurate payroll and limit risks that can harm your business. Everyone will know that you can see who punches in, what they’re working on, and how productive someone is. This can save you time, money and create a stress-free workspace.

Here’s What You Need to Know About Virtual Employee Monitoring

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Workplaces around the world have become increasingly virtual in the past decade, and with the pandemic spiraling throughout 2020 the number of remote workers around the world rose significantly.

Some research even suggests that most of the people will actually continue working from home even when the lockdown restrictions become a thing of the past. Even the major tech players like Spotify, Google, Facebook and Twitter announced their new remote work policies.

However, it’s important to note that with the rise of remote teams, we’ve also seen a rise in virtual employee monitoring software. And while the debate about the ethics behind its usage will never go down, we should still talk about what you should and shouldn’t do if you’re looking to use such a software (especially if you want to avoid employees’ backlash!).

In this article we’ll go over some bad practices, and explain how you can replace them, as well as some tips to get the most out of the virtual employee monitoring software you’re using.

Don’t Focus on Everything

When you’re implementing a monitoring software, regardless of the environment, you should have a specific goal that it will help you achieve. Perhaps you’re looking for a way to measure and improve productivity, or you want to simply track employees’ attendance. It’s important that you have an attainable goal you’d like to achieve with this tool if you want to use it properly.

Every virtual employee monitoring software is different, but they usually come with the plethora of features, some of which might be completely unnecessary for your goal.

Let’s say that your goal is to measure and improve productivity of your virtual team. In this case, you would need a software that helps you label apps and websites employees are using as productive or unproductive. Based on the time employees spend in those apps, and overall computer activity, the software will calculate daily, weekly and monthly productivity percentage (on an individual or team level). But, the software you selected maybe has an option to take screenshots of employees’ screens – this feature is in no way related to your goal, so you shouldn’t use it.

If you keep focusing on every piece of data the monitoring software provides, you’ll quickly lose track of what’s important, and eventually miss the goals you’ve set.

Don’t Go Into Every Detail

Now this one is important regardless of your goals. Having information about every daily activity of your employees can seem overwhelming, but only if you keep looking for the needles in the haystack.

Even if your goal is to increase your team’s productivity, the fact that they spend an hour per week doing something that’s not related to work isn’t a fireable offense. You probably spend time on social media or news sites while working as well, and it never hurt anyone.

Yes, these distractions can become a problem. If your employee spends more hours per day on non-work tasks, you should definitely have a conversation with them. But, if they scroll mindlessly for a few minutes, you’ve got nothing to worry about.

What you should do is pay attention to how these distractions affect their performance. It’s been proven that breaks help us focus and perform better.

Be Transparent

This should go without saying, but never use a virtual monitoring software without your team’s knowledge. First of all, it’s illegal (in most countries and in most cases), and second – they’ll eventually find out about it and you’ll be in for one tough conversation.

First and foremost, you should get legal consultations from the experts in the countries your employees’ are based in. Each country has its own regulations, so what’s allowed in one place might be forbidden in another. Once you’re done with that, you should create monitoring policies and consent forms which will detaily explain why you’re using the software, how you are using it, which data it collects, who has access to it, and so on.

After having an open conversation with everyone on your team, share the policies and consent forms, and be open to answering any questions or concerns employees might have about monitoring.

If the software offers that possibility – give employees access to their own data. This will put their minds at ease, because they won’t have to worry about what it is that you’re seeing on the other end of the software.

Final Thoughts

Transparency goes a very long way in terms of virtual employee monitoring software, so make sure that’s on your priority list. Next, as we said, don’t focus on every single piece of data, and don’t nitpick. Focus on the big picture, on the goals you want to achieve with the software, and make changes in your processes as you go.

3 of the best European countries for UK graduates after Covid

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The coronavirus crisis has decimated the UK’s labour market, with the country suffering the worst jobs outlook in the whole of Europe. More employers are planning to let go of staff than hire them in the first three months of 2021, and only 49% expect their hiring to return to pre-pandemic levels in the next year. British businesses are also suffering from the effects of Brexit, with many planning to move operations overseas because of complications resulting from the new arrangements.

All of this appears to be filtering down to workers and their decisions going forward, especially those at the beginning of their careers. Indeed, Brexit and the Covid-19 situation combined has prompted 1 in 3 young Brits to consider leaving the country for work. In particular, those coming out of university may wonder if starting their career here is the best option right now. And with a number of neighbouring nations seemingly in a better position than the UK, looking for jobs in other European countries might be the way forward. That’s why we’ve looked at three of the best for graduates to consider below.

1.    Netherlands

Talking of Brexit, the flow of businesses moving to the Netherlands as a result remained high in 2020, with Amsterdam becoming one of Europe’s most popular business hubs. The Dutch capital is set to become the continent’s number one corporate listing venue in 2021, and has already overtaken London as Europe’s largest share trading centre. Moreover, the Netherlands as a whole has an unemployment rate of 3.6%, a much lower figure than the UK’s 5%. As such, the Western European nation is the first place British graduates should be considering moving to for work, especially as it had Europe’s third-highest pre-Covid graduate employment rate.

Arguably the best industry to work for in the Netherlands is the tech sector, with its startups providing the country’s number one job growth engine. Compared to all other industries, tech job openings were up by 4% in Q2 2020, compared to 2019. The country boasts a huge array of tech companies to work for, from industry giants like SAP, to smaller businesses such as LALALand and ChannelEngine. Another fertile ground for work is the healthcare sector, which added 108,000 jobs since 2017, and still had the second highest number of vacancies at the end of September 2020.

2.    Malta

Malta has handled the economic fallout of the pandemic very well, offering the world’s largest support measures by percentage of GDP. The nation’s spending package totalled 22% of its economy, much higher than the likes of the US (14%), Australia (11.4%) and the UK (5%). This has resulted in only a marginal increase in unemployment there, though. The country is expected to enjoy employment growth of 0.5% in 2021 and 2.2% by 2022, in huge contrast to most other nations around the world. Consequently, Malta’s future prospects look excellent, and could be the perfect place for graduates to relocate. Indeed, the country was ranked the number one place for European graduates pre-Covid.

One of the best Maltese industries to work in is the financial sector, which accounts for over 12% of its GDP, and employs over 10,000 people. The country is internationally renowned for its blue chip banks, investment houses and fund managers, and its financial sector looks set to withstand the pandemic. Meanwhile the tech sector contributes almost 9% of Malta’s GDP, and actually saw a rise in demand during the first six months of the coronavirus crisis. Some of the top Malta tech startups include Solfy, Quidax and EBO.ai.

3.    Sweden

Another European country that has dealt with the coronavirus better than most is Sweden. Although its economy did contract 8.6% in the first three months of the crisis, this was significantly lower than the EU average (11.9%), and major countries like Spain (18.5%), France (13.8%) and Italy (12.4%). And while unemployment has risen during the pandemic, there are signs that the job market is once again on the up. For example, 36,000 people who registered with the country’s national employment agency started a new job in August 2020 — almost 9,000 more than in August 2019 — and around 29,000 of those were previously unemployed. As a result, Sweden represents a economically stable option right now, which is why graduates should consider the Scandinavian state when looking for jobs after university.

The country’s main source of employment is its industrial sector, which employs 17.7% of its workforce and accounts for over a fifth of its GDP. Among the big name companies are Volvo, Ericsson and H&M, with opportunities in a range of different roles within the sector. Another major industry in Sweden is the service sector, which employs over a third of the country’s workers.

10 Most Common Gambling and Casino Myths Analyzed

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Gambling has evolved over the centuries to keep up with technological advancements, and its myths and far-fetched tales have grown to keep up with the changes. The dependency of luck and some skill gives casinos a mysterious aura that gives rise to many theories. These tales are used to explain reality loosely, but they are just figments to drive the overactive imaginations of naive players. With the increasing number of users playing at online casinos in UK, a lot of interesting thoughts and false misconceptions have been making rounds online. There is a myth floating around for almost every element in casinos, and here is a look at ten of the most common ones and the facts that debunk them as theories with no grounds.

Gambling is not Addictive

The myth that gambling is not addictive is often supported by the fact that it does not cause physical effects like alcohol and drugs. However, mental health is also established as an essential factor to consider in physiology. Gambling has been established as a leading cause for mental illness, making it as dangerous as any physical addiction. Problem gambling interferes with the social, financial, and mental wellbeing of thousands worldwide every year. Several countries have taken the initiative to nip the issue in the bud such as the United Kingdom and Australia. These jurisdictions apply laws such as: 

  • Casinos have to include customizable spending limits in players’ accounts;
  • Credit cards cannot be used to deposit cash to be used for bets;
  • Only gambling dens with licenses can offer services to residents of the country;
  • Players have to confirm that they are of legal gambling age before accessing services.

Games are Rigged

This myth does hold some water, but not in the way most gamblers think. Some people believe that the casino has the power to influence the results of games.  For instance, a dealer handling a roulette game can control where the ball lands. This theory is just fiction, and both the player and casino are in the dark on any game’s results. However, the odds are stacked against the player in favour of the house. Players can come out on top in the short run, but the house always wins over time. Even over a short period, the chances of losing are higher than those of winning. The math used to design the games makes the payout odds lower than the winning odds. This makes all of the slots negative-expectation games.

Luck Can Be Sensed and Influenced

The superstitious community believes that every gambler is a psychic who can tell when they will be lucky. Some depend on charms like rabbits’ feet, horseshoes, numbers, colours, and four-leaf clovers to summon good fortune. These myths are widely entertained, but they do not quite work. Casino games produce their outcomes randomly using random number generators. These programs generate millions of codes with each round, and those that match the required results are selected randomly. This makes it impossible to tell the gameplay outcome accurately.

Card Counting is Illegal

Card counting is a frowned-upon tactic used by blackjack players to win the game by tracking the cards being dealt and playing each hand accordingly. The practice can only be exercised in land-based casinos, and the establishments discourage it at all costs. Gaming clubs take measures to discourage anyone they suspect of counting cards by shuffling the cards after each hand, asking the gambler to play another game aside from blackjack or ban them from the establishment entirely. However, one cannot be arrested for the practice since it is not illegal. Harsher measures can be applied if one is caught card counting with a device.

Casinos Use Oxygen to Keep Gamblers Alert

This myth is a ridiculous theory that is told about land-based casinos. Pumped oxygen is used to make people stronger and more alert, but it would be impossible to use it at brick-and-mortar establishments. Not only is it expensive, pumping oxygen into crowded casino floors with electrical gadgets all around and smoking people would open the doors for a fire disaster like no other. Rumour has it that this myth originates from Fools Die, Mario Puzo’s novel, where one of the characters pulls off a similar stunt.

The Casino is Unbeatable

Most myths that need debunking are related to winning over the casino. However, it is possible to come out on top in the long run. Some sets are unbeatable, such as no download slots where no skill can be applied to influence the odds. In other games such as blackjack, poker, and video poker, players can gain enough experience to have the advantage over the casino. These sets accommodate different techniques that allow the gambler to edge over the casino in the long run. One such tactic is counting cards, which is applied in blackjack. Some players go on to forge professional careers in gambling and earn millions of dollars annually. It is also possible to win through sheer luck over the long run.

Bonuses Change Winning Odds

It is a common belief that playing using casino bonuses affects a game’s winning odds for the better or worse. The RNGs used to run pokie machines are not connected with gambling incentives, making it impossible for players to influence the other. Whether a spin is played with real or bonus money, the results remain random and cannot be predicted. The winning chances are always the same in the previous round as they are in the next one.

Online Gambling is Illegal

This statement is either a myth or not depending on one’s country of residents. Most countries around the world open their doors to the gambling industry in one way or the other. In some countries, the sector is among the highest revenue-generating ones that support the economy. The United Kingdom, Canada, the USA, Australia, and New Zealand are some of the countries where casinos are thriving. However, in others, the practice is banned entirely due to varying reasons. Countries like the UAE, Iran, and Israel apply the law due to religious reasons.

In Brief

Myths about gambling and casinos will always be around, and it is your responsibility to establish that they are false. These theories are often rooted in superstition, ignorance, and paranoia.

Where To Invest: Bitcoin Or Stock?

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As an investor, you may be worried about the stock market, therefore, searching for an alternate investment, including Bitcoin. As cryptocurrencies are digital currencies, it is necessary to analyze your overall portfolio and take the required danger.

Bitcoins Are A Lot Less Expensive:

Investments are not risk-free. It might go wrong and crash for different causes. The business could go bankrupt. Or, in the right way, it could fly upwards for some time. When you start incorporating new assets into your portfolio, it is essential to understand the possibility. If you are an investor and plan to invest and don’t know about bitcoin trading, visit.

Cryptocurrency such as Bitcoin is speculative with its basis, not effected dependent on supply and demand. “With blockchain, money has a central supply and it is consistent. So, it’s not ‘everything dependent on what people are able to spend,'” according to Roberts. In the financial market, a market price is the cumulative valuation of all the market stocks. For cryptocurrencies, the bitcoin supply’s total amount is far less than the market cap, but it swings up and down a ton.

Bitcoin Vs. The Stock Market:

While we don’t get to base a projection of possible results on the past, it is helpful to have a peek at how different investments have been made over time. In 2017, with Bitcoin increasing in price to almost $20,000, the Dow Jones Industrial Average was still at $24,000. As of July of 2020, the Dow Jones was about $25,000. Bitcoin has been highly unpredictable ever since it was produced because there is no standard way to value it. When the price doubled, the newspapers got quite a ballyhoo over it, prompting consumers to start running into the market to purchase. The price went up and hit $3,000, and now they are down at $9,000. To invest in bitcoin create a free account now

Bitcoin Profit:

You might be involved in Bitcoin if you’re searching for anything in your portfolio that varies from other stocks and bonds. Cryptocurrencies, including Bitcoin, are an option to other more traditional properties. In general, even though you feel that Bitcoin is a decent match for your fund, Stein and Chisholm concluded that it certainly shouldn’t be the key objective of your investing plan. Before the investment, it’s something to think about how much risk is involved and whether the individual is happy with the amount of risk to lose.

“Just like you might guess, buying Bitcoin is like playing the equity market. If you like the statistics and the calculus behind it, then think that it might go to $0 or up twentyfold.” We must have a response to “So how much of our portfolio are you ready to lose?” You restrict the distribution to 1 to 5 percent of your portfolio based on your risk perception.

 Invest in Stocks:

For most individuals, a combination of stocks and bonds is likely to be sufficient for most of any portfolio. As a guideline, most investors would like to have a substantial share of their portfolio made up of securities. You may place a rating on a company by its financial report even though it has a more significant variance in a brief period.

The central belief, though, is that since the future is unpredictable, the organizations would inevitably form and offer continuity regardless of whatever means are found to be non-viable. There is a strong probability of remaining safe for the long term whether you participate in a broad-based or a broad-based exchange-traded index fund, holding several of the world’s biggest firms.

Investing in Bitcoin:

Back then, a bitcoin’s price was not anything higher than the price of a cafe in a luxurious shop. You are, of course, right about your fears, but so many investors do not worry about the risks involved. If you believe in the thesis of Bitcoin, there’s always a justification for why you should put any of your capital into it; just be mindful about how much of your financial portfolio you commit to it.

Stein thinks that if you plan to invest in cryptocurrency, you should realize that he has just 3% of his portfolio invested in it, but he thinks it’s sufficient for achieving the financial objectives. If history repeats itself, electronic smoking is becoming a ubiquitous object of consumption in the future, when the growth of legislation on aerosol development and the global success of e-cigarettes is generating a definite market.

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