Is Facebook’s new currency in doubt?
Facebook may be forced to delay the launch of its new Libra currency after mounting pressure from groups and payment firms.
This week the G7 taskforce compiled a draft report outlining what it sees as nine major risks posed to the world financial system by global stablecoins. Unlike other cryptocurrencies like Bitcoin, stablecoins are tied to established currencies.
The report does not specifically mention Libra, but instead recommends that legal, regulatory and "oversight" challenges need to be addressed before any stablecoin project should go ahead.
Last week Mastercard, Visa, ebay and Stripe joined PayPal in pulling out of the Libra Association (which is working on the project) blaming uncertainty over regulation.
You should support your staff in playing competitive sport
A report by the Institute of Leadership & Management suggests that playing competitive sports can give you - and your employees - an advantage at work.
In the 900-person survey, 75 per cent of those who partake in regular competitive sport said that it helped them develop transferable skills including teamwork, building cohesion, confidence, mental resilience and an ability to reflect critically.
This all sounds rather obvious, but it appears many bosses are still failing to appreciate the benefits. Only 20 per cent support their staff in participating, while 40 per cent offer no access to competitive sport.
Banning out-of-hours emails could be bad for wellbeing
A study by the University of Sussex has found that implementing a blanket ban on sending emails out of work hours could damage employee wellbeing.
Preventing staff from sending or receiving emails at the weekend has been proposed as a method to combat burnout, but the research suggests that employees with high levels of neuroticism or anxiety could end up feeling more stressed if their inbox is allowed to build up.
Governments and firms on the continent have been proactive in cutting down email overload. Companies in France with more than 50 employees legally have to establish timeframes for when employees are allowed to send emails, while Lidl and Volkswagen have both restricted use during the evenings and weekends.
The University of Sussex Business School’s Emma Russell suggests flexibility when implementing policies. There is no-one-size fits all approach when it comes to employee wellbeing.
Image credit: Thomas Trutschel / Contributor via Getty