• Tue, December 3, 2024

by: Bill Williamson

Kenya Re, KRA Host Tax Compliance Training Forum for Insurers

In partnership with the Kenya Reinsurance Corporation, Insurance Regulatory Authority (IRA) and tax experts, KRA held a workshop for insurers on compliance.

by: Bill Williamson

Mastercard reaches 'agreement in principle' to settle mass UK fees case

Mastercard has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, it said on Tuesday.

by: Bill Williamson

Intel should leave the foundry business: Analyst on CEO departure

CEO Pat Gelsinger suddenly retired from his chief executive role at the chipmaker over the weekend. Gelsinger began working at Intel as its chief architect in the 1980s, going on to act as the company's chief technology officer from 2001 to 2009,

by: Bill Williamson

South Korean lawmakers call to impeach President Yoon after martial law rescinded

South Korean lawmakers on Wednesday called for the impeachment of President Yoon Suk Yeol after he declared martial law only to reverse the move hours later, triggering the biggest political crisis in decades in Asia's fourth-largest economy.

by: Bill Williamson

Larry Fink is making a new generation of billionaires richer than him

AS LARRY Fink drives BlackRock deeper into private markets, he keeps adding new billionaires to the asset-management giant's roster - and making them all richer than he is in the process. Read more at The Business Times.

by: Bill Williamson

Without energy reform, Thai clean tech firms forced to circumvent regulation to scale: industry watchers

Some startups have had to trade clean energy on a smaller scale "behind-the-meter" without the support of government policies. A key barrier is Thailand's centralised energy system which is in need of a reform,

by: Bill Williamson

India's Adani Green Energy recoups losses related to US indictment

India's Adani Green Energy rose about 8% on Monday and recouped all stock losses related to U.S. indictment of group's billionaire founder Gautam Adani over an alleged $265 million bribery scheme.

by: Bill Williamson

UnitedHealth Group Updates Business Outlook Ahead of Investor Conference

December 03, 2024 -- ( BUSINESS WIRE )--UnitedHealth Group (NYSE: UNH) issued financial guidance ahead of its annual Investor Conference which takes place on December 4, beginning at 8:00 a.m. ET.

by: Bill Williamson

Sage Intacct supports SMB growth with new enhancements and capabilities

Sage Intacct Release 4 brings AI-driven Sage Copilot and productivity tools to enhance decision-making and efficiency • Tailored integrations for specific industries and expanded language support to serve a growing global user base ATLANTA,

by: Bill Williamson

UK competition watchdog looks into $3.32 bln Blackrock-Preqin deal

Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.

by: Bill Williamson

Covenant university wins 2024 CGMA business leaders challenge

Covenant University has emerged as the overall winner of the 2024 Chartered Global Management Accountants Business Leaders Challenge.

by: Bill Williamson

Campbell's CEO Trades Soup and Snacks for the NFL

Mark Clouse will join the Washington Commanders as president early next year after more than five years as the food-company's boss

by: Bill Williamson

BlackRock Jumps Deeper Into the Private Markets

But this year, BlackRock has been aggressively claiming a major foothold in the private markets. On Tuesday, it made its latest push, announcing a deal to buy HPS Investment Partners — a firm that specializes in making private loans to companies — for roughly $12 billion.

by: Bill Williamson

With late audit now in, Moody's says Paterson will keep its higher credit rating

Moody's raised Paterson's credit rating from Ba1 to Baa3. Moody's noted that the city's fund balance has been on the rise.

by: Bill Williamson

Melbourne woman loses $40k house deposit after 'sophisticated' scam call

A woman who lost her $40,000 house deposit to scammers has warned that it could happen to anyone after sophisticated spoofing technology was used to fool her into thinking she was talking to her bank.

by: Bill Williamson

Nigeria, South Africa to finalise key security pact by March 2025

Nigeria and South Africa have reaffirmed their resolve to enhance regional security through the development of a critical Early

by: Bill Williamson

US job openings rose last month, though hiring slowed, in mixed picture for labor market

The number of job postings in the United States rebounded in October from a 3 1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.

by: Bill Williamson

Super Micro heeds committee call for new CFO amid process 'lapses'

by: Bill Williamson

Balancing act: Labour's 2024 budget and the road ahead for UK motor finance

Freeze on fuel duty brings relief, but questions linger on EV strategy and affordability in car finance. Chris Farnell reports.

by: Bill Williamson

Carnival Cruise Line Appoints Jeremy Schiller As Chief Financial Officer

Jeremy Schiller has rejoined Carnival Cruise Line as its Chief Financial Officer, according to a press release. Schiller previously worked for Carnival for 12 years and returns after spending two years as CFO for Carnival sister brands Holland America Line and Seabourn.

by: Bill Williamson

Exxon names former GM president to run oil and gas business

Exxon Mobil said on Tuesday that Dan Ammann, former president of General Motors , will take over its largest and most profitable business early next year.

by: Bill Williamson

Clarkonomics: Dissecting the complexity of paying Caitlin Clark what she's really worth

Clark is responsible for 26.5% of WNBA activity - attendance, merchandise sales and TV. "The numbers are so staggering. They don't even seem real."

by: Bill Williamson

Intel's outgoing CEO is living every executive's nightmare: A post-departure stock bump and no succession plan

Pat Gelsinger's plight at Intel might be a warning for boomerang executives: Even when a company wins you back and appoints you CEO, the honeymoon can end in a flash.

by: Bill Williamson

15 healthcare bankruptcies in 2024

by: Bill Williamson

UK energy system operator says electricity supply margin below threshold

Britain's National Energy System Operator said the country's electricity supply margin could drop below the threshold set out in its capacity market rules by 1730 GMT on Tuesday.
  • Wed, December 4, 2024

by: Bill Williamson

Curious deals of billionaire Richard White and his wife Zena Nasser

The former boss of WiseTech Global and his new wife have been making many quiet changes to private investment companies and share trusts.

by: Bill Williamson

Lloyds Boss Warns Car Finance Saga Making UK Banks Less Investable

The boss of Lloyds Banking Group Plc has warned the uncertainty around lawsuits and regulatory probes into motor finance mis-selling is making it difficult for investors to have confidence in British banking,

by: Bill Williamson

For developing economies, the finance landscape has become a wasteland

by: Bill Williamson

Oman: National Finance backs Sheida's solar panel project

by: Bill Williamson

AI-driven, deepfake-enabled cyberattacks to increase in 2025: Report

AI-driven and deepfake-enabled cyberattacks are anticipated to become increasingly prevalent in 2025 with sectors like healthcare and finance most prone targets, according to a recent report.

by: Bill Williamson

Fortune Best Cities in Europe For Business 2024

Whether you're expanding your enterprise or seeking new investment opportunities, these 50 cities are poised to be the epicenters of growth and success in the coming year.

by: Bill Williamson

First Internet Bank Money Market Account Review 2024

Indiana-based First Internet Bank is an online-only bank with a full suite of personal and business banking accounts. The bank's Money Market Savings account has a low opening deposit requirement, but you need a seven-figure daily balance to earn the higher of its two advertised APYs.

by: Bill Williamson

Bookkeeping Tips For 2025

Even though it may be costly and time-consuming, proper bookkeeping helps business owners drive profits faster and keep more money in their pockets longer.

by: Bill Williamson

UK and Qatar pledge to grow investment ties

by: Bill Williamson

Russian finance ministry to increase deferred daily FX purchases

Russia's finance ministry on Wednesday said it would increase the volume of its deferred foreign currency and gold purchases in the coming six weeks.

by: Bill Williamson

Indosuez appoints new CEO for Asia

INDOSUEZ, the wealth management brand of Credit Agricole Group, on Wednesday (Dec 4) said it has appointed Laurent Proutiere as Asia chief executive officer and Singapore branch manager, effective Mar 1,

by: Bill Williamson

Ecuador sets second debt-for-nature swap in motion

by: Bill Williamson

Bank Leumi speaks your language: Stop translating - start banking!

Bank Leumi makes it easy for English speakers to conduct their banking business entirely in English - both online ... different channels with our bankers because, especially in finance, texting is growing globally and is the preferred mode of ...

by: Bill Williamson

Britain and Qatar to sign MoU boosting fintech and green finance ties

The memorandum is being signed during a two-day state visit to Britain by Qatar's emir, Sheikh Tamim bin Hamad Al Thani, who is expected to meet Prime Minister Keir Starmer later on Wednesday

by: Bill Williamson

Norway should begin process of divesting Russian assets, central bank says

Norway's government should allow the country's sovereign wealth fund to divest parts of its Russian portfolio when possible, and thus end a general freeze in place since 2022, the Norwegian central bank,

by: Bill Williamson

Finance executive, Elijah Oyeyinka advocates for strategic reforms to strengthen Nigeria's capital markets

Elijah Oyeyinka is a leading finance executive with a decade of experience in corporate strategy and investment banking

by: Bill Williamson

Aditya Birla Capital invests Rs 300 crore in housing finance arm

by: Bill Williamson

Saving less than $197 a month forces me to leave HCMC and return to my hometown

At 34 years old and living in Ho Chi Minh City, I find myself saving less than VND5 million ($197) a month, a situation that has led me to reconsider my life in the urban hustle.

by: Bill Williamson

Britain, Qatar to sign agreement on financial services

by: Bill Williamson

Tax laws amendment bill: list of key changes MPs have proposed after public participation

The National Assembly Finance and Planning Committee has recommended several changes in their report on the Tax Procedures (Amendment) Bill 2024.

by: Bill Williamson

Box Reports Fiscal Third Quarter 2025 Financial Results

Box, Inc. (NYSE:BOX), the leading Intelligent Content Management (ICM) platform, today announced preliminary financial results for the third quarter of fiscal year 2025, which ended October 31, 2024.

by: Bill Williamson

Parliament session LIVE news updates: Lok Sabha, Rajya Sabha set to reconvene at 11 am

The Lok Sabha Secretariat on Tuesday stating that MPs not to hold protests in front of the gates of Parliament House, contending that such obstruction of movement could affect their safety and security.

by: Bill Williamson

What is the maximum and minimum tenure for personal loans?

UK energy system operator says electricity supply margin below threshold

Britain's National Energy System Operator said the country's electricity supply margin could drop below the threshold set out in its capacity market rules by 1730 GMT on Tuesday.
The UK's electricity supply margin is expected to fall below the required threshold in 2024, according to the National Grid Electricity System Operator (ESO). This shortfall, projected for the winter of 2024-2025, could lead to potential power outages if not addressed. The ESO has indicated that while there is no immediate risk to supply, the situation underscores the need for additional capacity or demand management strategies. The report highlights the closure of several coal and gas power plants, alongside delays in new energy projects, as contributing factors to the tight supply margins. The ESO plans to implement measures like the Demand Flexibility Service, where consumers are incentivized to reduce electricity usage during peak times, and is also considering the use of emergency coal units to bolster supply.

Read the Full Reuters Article at:
https://www.reuters.com/business/energy/uk-energy-system-operator-says-electricity-supply-margin-below-threshold-2024-12-03/

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