Forget Covid-19 and tensions in the UK-China and EU-China relationship. European companies are committed to the Chinese market.
You bring up an interesting dilemma some retirement savers may not think of, which is having your retirement assets locked away in investment portfolios intended to be used at an older age. Employer-sponsored retirement accounts, such as 401(k) plans, are a great tool for investing for retirement because they are tax-deferred, which means more money is growing until it’s time to withdraw. The first task is to double check on your company’s policy for the age 55 rule (for readers unfamiliar with this rule, it allows people age 55 or older who were separated from their jobs — either because they were fired or voluntarily left — to tap into the 401(k) from their current employer before the required age 59 ½).
IBM Canada (NYSE: IBM) today announced it would be merging four Toronto-based offices into a single flexible workspace to be located at 16 York in Toronto's downtown core. The new office will include an AI and hybrid cloud client showcase centre, collaboration spaces for use by both employees and clients, and space for IBM Garage, a globally recognized design approach to innovation and digital transformation.
Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear programme and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said. The U.S. and Iran began in mid-June their sixth round of indirect talks on reviving a 2015 nuclear deal that former U.S. President Donald Trump pulled out of in 2018. Trump reimposed sanctions on Iran’s energy sector, leading refiners in many countries to shun Iranian crude and forcing Tehran to pump well below capacity.
Here's how to convert your SIMPLE IRA to a Roth IRA via rollover after you leave your job; you can also convert to a Roth if you are still active in the plan.
Amazon and Apple are the world's most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe's top brands, according to a global ranking by Kantar’s BrandZ. Amazon, founded in 1994 by Jeff Bezos, remained the world's most valuable brand with an estimated value of $684 billion, followed by Apple, founded in 1976, at $612 billion and Google at $458 billion, Kantar said. Tencent, China's biggest social media and video games company, was the People's Republic's top brand, in fifth place, while Alibaba was in seventh place.
Keeping a tough stance on cryptocurrencies, China has issued an order to crack down on crypto mining operations in Sichuan’s southwest province, Reuters reported. What Happened: On Friday, the Sichuan branch of the National Development and Reform Commission (NDRC) and the Sichuan Energy Bureau ordered cryptocurrency mining projects closed in the major mining center. The Commission demanded the closure of 26 suspected cryptocurrency mining projects by Sunday in the province. The authorities have
Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China's expanding crackdown on bitcoin mining in thin liquidity for the losses. The world's biggest cryptocurrency, long plagued by volatility, has lost over 20% in the last six days alone and is down by half from its April peak of almost $65,000. The drop comes amid a growing crackdown on cryptocurrencies in China, where authorities in the southwest province of Sichuan on Friday ordered bitcoin mining projects to close.
OSLO (Reuters) -Norwegian Air has sacked Chief Executive Jacob Schram who led the budget carrier through restructuring and said it was promoting Chief Financial Officer Geir Karlsen to the top job with immediate effect. The board voted on June 20 to end Schram's 18-month tenure but the airline said he would support the carrier on a full-time basis during his notice period up to March 31. "The board's decision to fire me came as a big surprise," Schram told Reuters.
IBM (NYSE: IBM) has worked with Pandora (NASDAQ: PNDORA), a leading designer, manufacturer and marketer of hand-finished jewelry, to help Pandora transform and scale its global omnichannel e-commerce capabilities with IBM Sterling Order Management. Pandora, one of the world's largest jewelry brands, was able to double its online sales in 2020 and is now leading the jewelry industry with improved real-time inventory visibility to better manage growing demand.
(Reuters) -The U.S. Supreme Court on Monday handed a victory to Goldman Sachs Group Inc in its bid to avoid an investor class action lawsuit accusing the bank of hiding conflicts of interest when creating risky subprime securities before the 2008 financial crisis. The justices threw out a decision by the Manhattan-based 2nd U.S. Circuit Court of Appeals last year that had allowed Goldman shareholders including the Arkansas Teacher Retirement System to sue as a group under a federal investor protection law. The plaintiffs accused the company of unlawfully hiding conflicts of interest when creating risky subprime securities.
LONDON (Reuters) -Oil prices were largely steady on Monday on rising demand in the northern hemisphere's summer driving season, but traders braced for a return of Iranian crude supplies despite a pause in talks to end U.S. sanctions. Brent crude for August lost 24 cents, or 0.3%, to $73.27 a barrel by 1255 GMT. Bank of America on Monday said that Brent crude was likely to average $68 a barrel this year but could hit $100 next year on unleashed pent-up demand and more private car usage.
FPX Nickel Corp. (TSXV: FPX) ("FPX" or the "Company") is pleased to announce the appointment of Andrew Osterloh, P. Eng., as Vice-President, Projects. Mr. Osterloh, formerly Project Director and Manager of Studies for Fluor Canada, will assume technical leadership for the continued exploration and development of FPX's Baptiste Nickel Project at its Decar Nickel District in central British Columbia, Canada.
This week, traders could be surprise by the announcement of a nuclear deal between the US and Iran.
(Bloomberg) -- Some A$140 billion ($105 billion) in projects in Western Australia’s resources sector may not be fully realized unless the state addresses a chronic shortage in skilled workers, according to a industry group.From electricians to metallurgists, the industry needs to attract up to 40,000 extra workers over the next two years, according to the report from consultancy Pit Crew, commissioned by WA’s Chamber of Minerals and Energy. The CME called on industry and government to collaborat
With consumer prices rising sharply, central bankers are having to work hard to resist the temptation to raise interest rates. A real-estate boom could make the job even tougher.
Apple became the fourth major digital company to face closer scrutiny from Germany's antitrust watchdog on Monday after the cartel office said it had launched an investigation into whether the tech giant is exploiting its market position. The Bonn-based watchdog said it will examine whether Apple has "paramount significance across markets" that thwarts competition. "A key focus of the investigation will be the operation of the App Store, as in many cases it empowers Apple to influence the operations of third parties," said Andreas Mundt, president of the Federal Cartel Office (FCO).
As more consumers grow aware of the health risks of sugary drinks, this keeps pushing the market toward more natural beverages. Meanwhile, classic soda companies, like PepsiCo, have hustled to make their longstanding brands seem fresh. Unfortunately, when iconic brands venture into more current territory, their efforts don't always go off without a hitch. Following PepsiCo's springtime launch of Mountain Dew's new drink that was designed to capture business from morning caffeine cravers, a small
Verisk Analytics, Inc. (VRSK), the predictive analytics and decision support services provider, has recently announced the acquisition of Roskill through its subsidiary, Wood Mackenzie, a provider of commercial intelligence to the natural resources sector. The financial terms of the deal have been kept under wraps. Following the news release, shares of the company declined slightly to close at $171.09 in Friday’s trading session. Roskill, one of the foremost names in critical materials supply ch
Flexible working would be the ‘default’ unless there was a good reason why it was not possible
Impressive individuals who not only left their countries but used the opportunity to attend B-school to improve their lives The post Meet The Business School Refugees appeared first on Poets&Quants.