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El Salvador has become the first country to adopt Bitcoin as legal tender. President Nayib Bukele tweeted last night that The Congress of El Salvador approved a law to classify Bitcoin as a legal currency.

A three-year strategy to help in the recovery of the tourism industry in Caithness and Sutherland has secured £365,000 investment from Highlands and Islands Enterprise (HIE). Destination management organisation (DMO), Venture North, is leading the project, which will create the equivalent of t

The Scottish Building Society (SBS) has embarked on a partnership with European climate change analysts Ambiental to assess flood risks in more than £400 million of mortgages. The modelling work draws on Ambiental’s predictive analytics, machine learning and expertise to foreca

Scottish savers have more money in their ISAs than their UK counterparts, according to new figures from HMRC. According to the data, there are 1.4 million Scottish adults with ISAs with an average holding of £29,861, higher than all other countries in UK. However, fewer of them use the tax-eff

The Financial Reporting Council (FRC) has issued Amendments to FRS 102 and FRS 105 – COVID-19-related rent concessions beyond 30 June 2021. These amendments extend the application of requirements that cover the accounting treatment of temporary rent concessions occurring as a direct consequenc

A new investment programme to help deliver Scotland’s just transition to a net-zero emissions economy has been launched by the Scottish Government. The Green Growth Accelerator will speed up the delivery of low carbon infrastructure projects across Scotland and provide extra resources and tech

Aberdeen Diversified Income and Growth Trust, a company managed by Aberdeen Standard Investments (ASI), has posted strong results for the six months ended 31st March 2021. Over the six months ended 31 March 2021, Aberdeen Diversified Income and Growth Trust’s net asset value per share ros

An additional 26,250 jobs are required by 2025 within Scotland's construction sector to meet demand as the industry bounces back from the pandemic, according to a new study. The Construction Industry Training Board (CITB) has predicted that the Scottish sector will grow by an annual averag

Johnston Carmichael Wealth has launched an exciting new partnership with London-based investment research and consultancy firm Square Mile to provide additional insight on the funds market and secure the best possible financial outcomes for its clients. The partnership has been established to h

The volume of properties sold in Edinburgh, the Lothians, Fife and the Borders has continued to rise over the last three months, according to new figures published by ESPC.

Addleshaw Goddard’s corporate team in Scotland has advised the majority shareholders of Livingston-based lighting innovators, designLED, on its sale to Faurecia - a global automotive technology company. A specialist in advanced backlighting digital innovation, the acquisition of designLED will

An elderly former nun it set to plead guilty to stealing $835,000 from a Catholic school in California to feed her gambling habit, according to US prosecutors. Despite taking a vow of poverty at 18 years old and spending sixty years in the church, Sister Mary Margaret Kreuper, 79, has admitted to em

A project to establish a new mussel packing station in Shetland for Seaspray (Shetland) Ltd has been awarded £50,000 from Highlands and Islands Enterprise (HIE). The firm recently opened a new mussel packing facility on the waterfront at Laurenson Quay, Lerwick. The project will create four ne

Timber expert James Donaldson & Sons Ltd has acquired Scotland’s most award-winning kitchen brand, Kitchens International Ltd for an undisclosed sum. Broxburn-based Kitchens International Ltd will join the JDS portfolio of leading independent brands which includes MGM Timber, Donaldson Tim

Jane O’Berg, director of global mobility at Johnston Carmichael, discusses the realities of working from home. As the UK workforce prepares for a return to office life after more than a year of working from home, global mobility is proving to be a hot topic. Employees are now realising flexibi