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☆ Read the memo Dell sent ordering its sales staff back to the office 5 days a week
▼ + stars: | 2024-09-27 | by ( Jyoti Mann | Polly Thompson | ) www.businessinsider.com time to read: +7 min

Dell is mandating all global sales workers return to the office five days a week from Monday. AdvertisementDell has issued a return-to-office mandate calling for all of its sales workers to work from the office five days a week. The tech giant sent a memo to its entire global sales team on Thursday, requiring them to be in the office all week from Monday. Field sellers who can't go into a Dell office should prioritize time spent in person with customers and partners. Bill ScannellPresident, Global Sales & Customer OperationsJohn ByrnePresident, Sales, Global Regions, Dell Tech SelectImplementation will be subject to local laws, regulations and practices, including works council and employee representative consultation where applicable.

Persons: —, Dell, Bill Scannell, John Byrne, Byrne, Vivek Mohindra, Mohindra, Andy Jassy, we're, Let's, John, Polly Thompson Organizations: Dell, Service, Dell Tech, Business, Global, Dell Technologies, Global Regions

☆ Where to generate income and safety during this global asset meltdown
▼ + stars: | 2024-08-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

With the stock market melting down, investors are scrambling for safety and ways to generate income. Treasury yields have also been falling as investors fled to safety, with the 10-year dropping more than 10 basis points earlier in the session. The move down in Treasury yields has Collin Martin, fixed income strategist at Schwab Center for Financial Research, shifting his outlook. "This is really attractive, especially considering that we have seen Treasury yields plunge so much," Martin said. Money needed in 12 months or less should be in a money market, he said.

Persons: Collin Martin, Martin, Barry Glassman, Glassman, Chuck Failla, Failla Organizations: Federal, Treasury, Schwab Center, Financial Research, Investment, Wealth Services, CNBC, Sovereign Financial Group

The world's top-selling automaker reported a record operating profit of 1.44 trillion yen ($9.5 billion) in the three months to end-September, a 155.6% increase from a year earlier. It lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favourable effects from foreign exchange rates. Toyota expects the weaker yen to account for 1.18 trillion yen of the revision to the full-year profit. The new projection compared to analysts' average forecast of 4.0 trillion yen. Toyota assumed an average rate of 141 yen per dollar in its calculations for the 2023/24 financial year compared to 125 yen previously.

Persons: Issei Kato, Yoichi Miyazaki, Daniel Leussink, David Dolan, Muralikumar Organizations: Toyota, Japan, REUTERS, Nissan, Honda, EVs, Nikkei, Thomson Locations: Tokyo, Japan, TOKYO, United States, Asia, China, Southeast, Thailand, North Carolina

☆ Toyota raises annual profit forecast by 50% because of weak currency
▼ + stars: | 2023-11-01 | by ( ) edition.cnn.com time to read: +2 min

Tokyo — Toyota Motor reported a more than doubling of second-quarter profit on Wednesday, helped by a weak yen and strong sales, and raised its full-year forecast by 50%. Toyota lifted its full-year profit forecast to 4.5 trillion yen from 3 trillion yen, largely due to favorable effects from foreign exchange rates. It expects the weaker yen to account for 1.18 trillion yen of the revision to the full-year profit. The new projection compared to analysts’ average forecast of 4.0 trillion yen. The quarterly results compared to an average 1.08 trillion yen profit estimate in a poll of 10 analysts by LSEG and a profit of 562.8 billion yen in the same period last year.

Organizations: Toyota, LSEG, Lexus, Nissan Motor, Honda Locations: Tokyo, United States, Asia, Japan, North Carolina, China, Southeast, Thailand

The quarterly production dropped 2.2% to 3.9 million barrels per day, Rosneft said, adding that its first-half sales reached 3.9 trillion roubles ($41 billion), down by more than a quarter from the previous year due to weaker oil prices. Still, revenue in the reported quarter increased 12.1% to 2 trillion roubles. Profits for global oil majors this year have dropped by about half from a bumper 2022, when Russia's actions in Ukraine sent oil and gas prices soaring. Russia divested its oil sales away from Europe to Asia and other global regions after the West imposed sanctions, including an embargo on Russia sea-borne oil purchases, over Moscow's actions in Ukraine. Rosneft's earnings before interest, taxes, depreciation and amortization (EBITDA) in the January-June period declined 5.1% to 1.4 trillion roubles.

Persons: Sechin, Rosneft, Igor Sechin, Vladimir Putin, Vladimir Soldatkin, Jacqueline Wong, Sherry Jacob, Phillips Organizations: OPEC, Gazprom, of, Petroleum, Kremlin, Thomson Locations: Russia, Ukraine, Europe, Asia, India, China

☆ Here's how global trade will be key to unlocking the full potential of the green hydrogen market
▼ + stars: | 2023-08-29 | by ( Sponsor Post | Created Deloitte With Insider Studios | ) www.businessinsider.com time to read: +7 min

Inclusive, global trade is the keyFree trade can help lower the cost of energy transition. Deloitte's outlook showcases a steady hydrogen market growth, from $642 billion in annual revenue in 2030 to $1.4 trillion per year in 2050, in which green hydrogen comprises some 85% of the hydrogen market. Global trade between major regions can represent almost one-fifth of total clean hydrogen volume. The opportunity for developing economiesRegions with high renewable endowment and ample land availability could likely produce cost-competitive green hydrogen in quantities that exceed domestic needs. To find out more, read Deloitte's Green hydrogen: Energizing the path to net zero report.

Organizations: Government, Global, North, Deloitte Global, SAF, Deloitte Investments, Deloitte, Insider Studios, Deloitte Touche Tohmatsu Locations: North Africa, Australia, North America, East, South America, Africa, Japan, Korea, Europe, China, India, Middle East

The company has provided more than 132 gigawatts (GW) of wind turbines as of the end of April this year to all global regions: 108 GW of onshore wind and 22 GW of offshore wind. The discovery of faulty components at Siemens Gamesa's onshore wind turbines had already caused a charge of nearly half a billion euros in January. Siemens Gamesa has provided wind turbines to some of the biggest power companies and oil and gas majors worldwide. Shares in European wind turbine producers Nordex (NDXG.DE) and Vestas (VWS.CO) also fell as confidence in the industry was shaken. Many wind power developers have already seen delays in projects due to the availability of components and rising costs.

Persons: Siemens Gamesa, Spain's, Denmark's, Nina Chestney, Christoph Steitz, Susan Fenton Organizations: Siemens Energy, Siemens, SIEMENS, WHO, Scottish Power Renewables, East Anglia, Poland's PGE, Siemens AG, Thomson Locations: Spain, Europe, Americas, Britain, North, Baltica, Baltic

☆ Economists urge China to think 'beyond GDP' to head off climate risks
▼ + stars: | 2023-02-23 | by ( David Stanway | ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 23 (Reuters) - A team of influential economists has urged China to adopt a new development model based on "wellbeing" rather than GDP growth in order to fulfil its 2060 net-zero emissions goals and head off the mounting threats of climate change. The old development model drove rapid growth in China over the last four decades, but is putting the world at "grave risk", the report said. China began experimenting with "green GDP" in 2005 as concerns mounted about the environmental damage done by rapid industrialisation. A 2006 government report concluded that environmental losses amounted to 3% of total GDP, but critics believed the actual figure was much higher. China is home to 16 of the 20 global regions most vulnerable to climate change, data showed on Monday.

Climate risk specialists at The Cross Dependency Initiative (XDI), which conducts physical climate risk analyses, found that China is home to 16 of the 20 global regions most at risk of climate change. Over half of the provinces in the global top fifty are in China, which has experienced a rise in manufacturing and infrastructure investment in regions already threatened by climate change. After China, the U.S. has the most regions at risk of climate change, with Florida ranking tenth on the list, California nineteenth and Texas twentieth. China, India and the U.S. collectively comprise more than half the states and provinces in the top global 100 regions, according to XDI. Other highly-developed and major economic hubs in the top 100 include Buenos Aires, Argentina; São Paulo, Brazil; Beijing, China; and Mumbai, India.

☆ China provinces top list of world's most climate-vulnerable regions - data
▼ + stars: | 2023-02-20 | by ( David Stanway | ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 20 (Reuters) - China is home to 16 of the 20 global regions most vulnerable to climate change, according to data published on Monday, with some of the world's most important manufacturing hubs at risk from rising water levels and extreme weather. The data showed that some of the engine rooms of the global economy face catastrophic hazards such as rising sea levels, river flooding and wildfires, which could also depress property prices and deter investment, XDI said. "We're already feeling the significant impacts of weather events around the world, and they will only increase," XDI Chief Executive Rohan Hamden told reporters. "Finally, we just want to make sure that every investment decision is made in a climate-resilient way." The shift of global manufacturing to Asia has driven a substantial increase in infrastructure investment in already vulnerable regions throughout China, making it more susceptible to the impacts of climate change, Hamden said.

☆ Corporate financial health to worsen, says Janus Henderson
▼ + stars: | 2023-02-06 | by ( Chiara Elisei | ) www.reuters.com time to read: +2 min

LONDON, Feb 6 (Reuters) - Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson said in a report released on Monday. Its global credit risk monitor's indicators - debt loads, access to capital markets, cash flow and earnings - all flashed red in the fourth quarter of 2022, signalling caution to investors. All companies it tracks across global regions had flat or negative earnings forecast revisions for this year. Although an economic soft landing looks more likely, the asset manager remains cautious given the retreat in inflation is too late to prevent further deterioration in the credit cycle. "We are not out of the woods yet, although the decline in inflation seen in the last three months is a critical prerequisite to the elusive soft landing that investors cherish."

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