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☆ Inflation drives global firms eastward in Europe in search of cost savings
▼ + stars: | 2022-10-18 | by ( Michael Kahn | Anna Koper | ) www.reuters.com time to read: +5 min

PRAGUE/WARSAW (Reuters) - Central European companies that provide remote, lower-cost business services for multinationals are ramping up their expansion plans as high inflation drives global firms to push more work to the region to cut costs and bolster margins. “If we started out here as an experiment, the experiment is working.”INFLATION ATTRACTS NEW INVESTORSThe business services sector has grown from almost nothing 25 years ago to an industry employing nearly 800,000 workers across Central and Eastern Europe, an increasingly important engine for local economies. At Comdata, whose 1,500 workers in the Czech Republic and Hungary operate telephone service lines, rising inflation and costs from Western companies have kept business humming. “As more and more companies try to cut and to lower the labour costs they will be moving the services from western Europe,” Nedelnik told Reuters. “I see during the last two or three months the tenders are rapidly growing for German, French, Spanish and English-speaking roles.

☆ 'Top Gun: Maverick' studio Skydance just scored a $400 million funding led by KKR. Meet 16 private equity players betting big on Hollywood now.
▼ + stars: | 2022-10-14 | by ( Elaine Low | Claire Atkinson | Madeline Berg | ) www.businessinsider.com time to read: +4 min

Private equity firms are investing more deeply in film and TV content companies, even amid a possible recession. Private equity accounted for 42% of deals over the last year vs. 24% in 2018, according to PwC. KKR just led a $400 million funding round for Skydance, giving the "Top Gun: Maverick" studio a $4 billion valuation. And earlier in July, Swedish firm EQT invested in UTA, which makes the private equity player the largest outside shareholder of the talent agency. And KKR is continuing to make big bets: It just led a $400 million funding round in "Top Gun: Maverick" studio Skydance that sent the production company's valuation north of $4 billion.

☆ Sentiment in UK finance falls at fastest pace since 2019 - survey
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 13 (Reuters) - Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector sentiment in three years, a survey by business body CBI and consultants PwC said on Thursday. Profitability growth in the sector remains robust and is expected to increase at a faster pace in October to December, the CBI/PwC survey said. But sentiment in the third quarter to September fell at its fastest pace since September 2019, when it was hit by uncertainty around Brexit negotiations, the survey said. Employment in the sector is set to decline at a quicker pace in the current quarter, perhaps a reflection of the weaker sentiment, while the value of souring bank loans is expected to increase modestly, the survey said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ Sentiment in UK finance falls at fastest pace since 2019, survey
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ A real-estate investor with a property portfolio worth $11 million shares his best strategies for beginning investors
▼ + stars: | 2022-10-03 | by ( Leo Ginsburg | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +4 min

The 32-year-old Paul Müller owns 70 properties, which are worth around 10.5 million euros, or around $10.96 million. In 2019, Müller quit his job and briefly moved to a real-estate company before becoming a self-employed real-estate investor in 2020. Müller said that about half of his portfolio consisted of "buy-and-hold" properties. The other half of his portfolio contains "fix-and-flip" properties. How he selects propertiesWhen looking for properties, investors in buy-and-hold properties look primarily at yield, which they calculate by dividing rental income per year by the purchase price, Müller said.

☆ Students stage walkouts across Virginia over governor's transgender school policies
▼ + stars: | 2022-09-27 | by ( Matt Lavietes | Matt Lavietes Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +6 min

Students across Virginia protested Tuesday in response to new guidelines putting restrictions on transgender students in the state’s public schools. “Trans students are students just like everybody else. "While students exercise their free speech today, we’d note that these policies state that students should be treated with compassion and schools should be free from bullying and harassment." Students have begun to walk out of Northern Virginia schools in protest of Gov. "When Barbara Johns walked out, people told her she should have stayed put too," Virginia state Del.

Made.com web site is seen on a smartphone in front of a displayed logo in this illustration taken June 16, 2021. Made.com employs around 700 people, indicating more than 200 jobs could be cut. In the past year supply chain disruptions, made worse by Russia's invasion of Ukraine, have also pushed up costs for companies, including Made.com. Made.com appointed PricewaterhouseCoopers (PwC) as its financial adviser to the strategic review and formal sale process. British retailer DFS Furniture (DFSD.L)last week also warned of a challenging outlook for the furniture sector, saying volumes have fallen as demand wanes.

☆ Private-equity salaries revealed: How much Blackstone, KKR, and Bain Capital employees earn at all levels
▼ + stars: | 2022-09-22 | by ( Rachel Durose | ) www.businessinsider.com time to read: +2 min

Bain Capital, Blackstone, and KKR are among the largest private-equity firms in the world. Private-equity employees often make six-figure salaries, even at the entry level. These private-equity firms, along with others, are accelerating their recruiting timelines to get ahead of their competitors, Insider previously reported. To woo promising junior talent, many private-equity firms are offering high salaries. Additionally, some private-equity employees earn carried interest, which is compensation based off a certain percent of a private-equity fund's earnings that is collected after the minimum return is met.

☆ How SkyBridge founder Anthony Scaramucci is navigating the world between traditional and digital assets — plus his favorite coins and hedge funds for the tough market environment
▼ + stars: | 2022-09-21 | by ( Laila Maidan | Alyson Velati | ) www.businessinsider.com time to read: +7 min

A survey conducted by the Alternative Investment Management Association (AIMA), showed that about one-third of traditional hedge funds are investing in digital assets. Approximately one-third of the panel discussions revolved around digital assets, according to SkyBridge Capital's Anthony Scaramucci. And while some funds may still be grappling with the question of how much exposure they should allocate to digital assets, Scaramucci is pedaling forward. Long term, he believes in the appreciation of digital assets, and he's willing to pay the price of absorbing the volatility in the meantime. The pivot to digital assetsSkyBridge has pivoted heavily into crypto and blockchain technology from its traditional hedge fund of funds business.

A top concern for Americans: Are there layoffs on the horizon? Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. This comes at a time when the labor market could hardly appear stronger. Not to mention, the labor market is still facing off against the "Great Resignation." "The Federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs," Zandi said.

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "The question is how steeply they will fall, how sharply they will fall, if they go back to 7 million [job openings], the level before the pandemic." Not to mention, the labor market is facing off against the "Great Resignation."

EY’s leaders last week approved separating the professional-services firm’s consulting and auditing businesses. The consulting firm, which doesn’t have an official name yet, has to make sure its branding doesn’t confuse prospective or existing clients, she said. EY trailed Deloitte and PwC in both its total revenue, $39.96 billion, and consulting revenue in the 2021 fiscal year. EY’s planned split has drawn comparisons to when Andersen Consulting separated from defunct accounting firm Arthur Andersen in 2001 and subsequently rebranded as Accenture. Companies could be inclined to stick with their existing consulting firm, rather than try out a new one, if they are uncertain about their outlook, Mr. Tellis said.

☆ All the economic good news, from jobs to inflation, was just a momentary blip. The worst is yet to come.
▼ + stars: | 2022-08-30 | by ( Neil Dutta | ) www.businessinsider.com time to read: +10 min

From inflation to consumer spending, there are clear signs that the economy is still in real danger of being pushed into a recession. While Americans' expectations for inflation over the next 12 months have ebbed somewhat, they're still sitting at 6.2%. With strong private demand, consumers are signaling that while labor-market conditions are strong, momentum is slipping. This means the increase in consumers' spending in the first half of the year was driven exclusively by them tapping into their savings. Prematurely easing inflation-reduction policy with inflation rates still elevated risks pushing up inflation expectations and entrenching a higher inflation rate into the economy.

☆ Here's how to know if you might be on your manager's layoff list — and what to do about it
▼ + stars: | 2022-08-19 | by ( Rebecca Knight | Catherine Henderson | ) www.businessinsider.com time to read: +6 min

Experts say there are warning signs that your job may be on the line — and some are harder to spot. Insider spoke with career experts about how to prepare for layoffs in an uncertain economy. Prepare for the worstThere are ways to prepare for a layoff — or even turn things around at your job. If it's clear you're in danger of losing your job, research your severance benefits and reduce your spending. "There's a saying that you need to put on a new roof when the sun is shining," she said.

☆ PwC believes hybrid work is doable: 'One size doesn't fit all'
▼ + stars: | 2022-08-17 | by ( Josée Rose | Tim Paradis | ) www.businessinsider.com time to read: +3 min

Accounting and consulting firm PwC supports employees who request a hybrid-work model. Bricker said "one size doesn't fit all," and PwC is big enough to think differently. "It doesn't work for an apprenticeship program. It doesn't work for spontaneous stuff." AdvertisementAdvertisement"One size doesn't fit all, one size probably doesn't even fit many," he said, and while the company would prefer that staff goes to the office two or three days a week, "that doesn't work for everyone."

Persons: Wes Bricker, Bricker, Jamie Dimon, Dimon, Malcolm Gladwell, Gladwell Organizations: Service, PricewaterhouseCoopers, Yahoo Finance, JPMorgan Locations: Wall, Silicon, Canadian

☆ The ultimate guide to building a successful side hustle: How to turn a dream into a moneymaking reality
▼ + stars: | 2022-08-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +9 min

Like many people during the pandemic, Davis reallocated the time she'd typically spent commuting home to building her side hustle. Davis' handbag company netted $14,000 in sales in its first four months in business, which Insider verified with documentation. Another entrepreneur, Lisa Andrea, regularly books $8,000 in revenue a month from her side hustle, The Financial Cookbook, which Insider also verified with documentation. Leveraging expertise, as Andrea did with financial coaching, is one way entrepreneurs can start a side hustle and balance risk versus reward. Courtesy of Courtney McWilliamsSet boundaries when establishing work schedulesFor some entrepreneurs, a side hustle is a way to build a new 9-to-5 career.

☆ The red-hot labor market might be coming off its boil. Here's what jobseekers need to know about looking for work in an economic downturn.
▼ + stars: | 2022-06-23 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Experts recommend making a few key adjustments to your job search during a downturn. Are you out of your mind to even consider quitting your job and looking for a new one right now? Set a strict schedule for how much time you spend on your job search each day. Expand your target list of employersIn a tight labor market, employers do what they can to widen their potential pool of qualified applicants. But the dynamics shift in an employer's market.

☆ Meet 11 people leading the aviation industry's push to slash emissions and ditch fossil fuels
▼ + stars: | 2022-05-31 | by ( Maia Anderson | ) www.businessinsider.com time to read: +14 min

Experts have estimated that aviation is responsible for nearly 2% of global greenhouse-gas emissions and 2.5% of carbon-dioxide emissions. Some aviation giants, like United, are signing purchase agreements to buy electric aircraft. Today he serves as CEO and chairman of the company, which aims to be a pioneer in electric aircraft. In 2000 he founded Aviation Technology Group, which developed the ATG Javelin very light jet before ceasing operations in 2007. He is also a founding member of the Nordic Network for Electric Aviation.

☆ I'm an executive recruiter. The best job candidates don't bring up salary data when negotiating — here's what they do instead.
▼ + stars: | 2022-05-25 | by ( Rob Cancilla | ) www.businessinsider.com time to read: +6 min

Rob Cancilla says you should do market research to know the market's range, but just don't talk about your market research in the negotiation. Why you should never say "based on market research"There are the two big reasons why you should never use the phrase "based on market research" during a negotiation, even after you've done market research. I'm not suggesting you don't do market research — far from itAs a former consultant with expertise in market research, I highly recommend you research potential salary ranges. You should be using multiple resources like Glassdoor, Fishbowl, Levelsfyi, and Linkedin to build the foundation of the salary range you should be targeting. Do the market research to know the market's range, just don't talk about your market research in the negotiation.

☆ Upcoming live events at Insider
▼ + stars: | 2022-01-19 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

Below is a list of our upcoming in-person and virtual events, including exclusive fireside chats, compelling panels, and reporter Q&As. Featured Events for Sustainability & Climate ActionInsider Introducing the Optimist's Destination for Climate ActionApril 10, 2023 | 3 PM ETDetails to come! InsiderFor a Better Future: Bridging Culture, Business, and ClimatePresented by DeloitteApril 25, 2023 | 12 PM ETDetails to come! Panelists from Tinuiti, Jungle Scout, Bobsled Marketing, and Cure Hydration will discuss what this trend means — watch hereHow advertisers can navigate the death of the third-party cookie. To submit a potential speaker for an upcoming event, please complete this form.

☆ ASEM vă invită la discuţia „În ce investim banii economisiți?”
▼ + stars: | 2021-06-10 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Clubul de Discuții Economice al ASEM vă invită luni, 14 iunie 2021, ora 17:00, la discuția „În ce investim banii economisiți?”. Ședința va avea loc în format hibrid, la care vor fi prezenți mai mulți invitați speciali. Totodată, la întâlnire se va vorbi despre investițiile directe în HVS, despre finanțare participativă și despre asigurări. Clubul de Discuții Economice al ASEM este o platformă ce unește persoane interesate de domeniul economic: studenți și masteranzi ASEM, profesori și absolvenți ASEM, profesioniști în diferite domenii, jurnaliști și alte persoane interesate de domeniul economic. Ședințele Clubului se desfășoară în format hibrid și anume, cu prezență fizică în blocul B, ASEM, sala 104 şi în format online.

Persons: Gabriela Cuneva, Veronica Malcoci, Tudor Darie, M . G . Bănulescu Organizations: Finanțelor, Clubului Locations: ASEM, Republica Moldova, Fagura, Moldova

☆ DTFINCON21: prima conferință pe incluziune financiară și transformare digitală
▼ + stars: | 2021-05-24 | by ( ) www.ipn.md time to read: +7 min

DTFINCON21: prima conferință pe incluziune financiară și transformare digitală24 mai 2021Experți naționali și internaționali din domeniul transformării digitale și incluziunii financiare, dar și toți cei interesați de domeniile date s-au întrunit, pe parcursul a două zile, 20-21 mai, în cadrul primei Conferințe dedicate transformării digitale și incluziunii financiare – #DTFINCON21. Evenimentul a fost organizat de Camera de Comerț Americană din Moldova și Asociația Obștească FINEDU. Conferința are în calitate de parteneri Programul USAID Reforme Structurale în Moldova, fiind susținută de PwC Moldova, Moldova Agroindbank, Visa, Qiwi Moldova, Mastercard, Oracle și Iute Credit. În a doua zi a Conferinței, au fost puse în discuție 2 dimensiuni importante: incluziunea financiară și sistemele de plăți. *Înregistrarea video a e-TRADECON, precum și detalii ce țin de agenda evenimentului, partenerii, speakerii sau materialele utilizate în conferință pot fi găsite pe pagina oficială a conferinței: https://amcham-moldova.glueup.com/event/digital-transformation-and-financial-inclusion-conference-dtfincon21-36169/Pentru informații adiționale rugăm să contactați:Veronica Sirețeanu, Policy Manager, AmCham MoldovaTel.

Persons: dna Lilia, Iuri Pașinschi, Douglas Muir, Alexandru Gozun, Veronica Organizations: Evenimentul, Oracle, Credit, Ministerului Economiei, Ministerului Finanțelor, Ministerul Finanțelor, Secțiunii Speciale, Banca Mondială, Finanțelor, Organizației Europene, Mondiale Locations: Moldova, Mastercard, Suedia, Estonia, Europei Centrale, Est, Suediei, Olandei, Țările de Jos, Letonia, Moldovei, Regatul Unit, SUA, Republica Cehă, Ucraina, Italia, and, Moldova Tel

☆ O acţiune esenţială pentru Moldova, facilitarea comerţului internaţional
▼ + stars: | 2021-03-31 | by ( ) capital.market.md time to read: +11 min

Cel mai mare partener comercial al R. Moldova a devenit Uniunea Europeană. Directorul Serviciului Vamal, Sergiu Burduja, a remarcat că „dezvoltarea dialogului cu mediul de afaceri reprezintă o strategie instituţională a Serviciului Vamal. Din acest motiv, suntem implicaţi într-un proces continuu de identificare şi promovare a unor noi instrumente de facilitare a comerţului internaţional. O altă prevedere nouă stipulează că termenul de depunere a contestaţiei asupra deciziei Serviciului Vamal a fost prelungit de la 10 la 30 de zile. Evenimentul a fost organizat de Serviciul Vamal al R. Moldova, Delegaţia Uniunii Europene în R. Moldova, Programul USAID Reforme Structurale în Moldova şi Camera de Comerţ Americană din Moldova.

Persons: Aureliu Ciocoi ., ., . S ., J . Hogan, USAID, S . Peter Michalko, Sergiu Burduja, Corina Alexa . Ea, Eduard Sîrbu, Vlad Organizations: Uniunea Europeană, Uniunii Europene, UE, Vamal, Mondiale, Evenimentul, Moldova, Forumul, Europene Locations: moldoveneşti, Moldova, Statelor Unite ale Americii, Moldovei, desfăşurarea, . Moldova, România, Germania, Italia, Corporaţiei, USAID, Ucraina

☆ În cadrul Academiei de Studii Economice a Moldovei a fost lansat „Public Finance Club”
▼ + stars: | 2021-03-25 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Lansarea Clubului a avut loc pe 23 martie, primul subiect discutat fiind „DECLARAȚIA PE VENIT: GHID PRACTIC PENTRU STUDENȚI”. La eveniment au participat:GRIGORE BELOSTECINIC, rector ASEMCORINA PAVLIȘCIUC – șefă adjunctă a Direcției generale metodologia impozitelor și taxelor, Serviciul Fiscal de Stat. Activitatea este susținută de PriceWaterhouseCoopers Moldova (PwC Moldova). Evenimentul face parte din seria de acțiuni realizate în cadrul Global Money Week 2021 – o acțiune globală de creștere a nivelului de educare financiară în rândul tinerilor. Acest material a fost scris și redactat de echipa ASEM.

Persons: GRIGORE, ASEM CORINA, VERONICA SIREȚEANU Organizations: Academiei, Studii, ASEM Locations: Moldova, ASEM

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