Fri, December 6, 2024

by: Cyprus Mail

RIF launches new scheme for innovative Cypriot companies

The Research and Innovation Foundation (RIF) on Friday announced the launch of 'Boost,' a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus by providing grants of up to €300,

by: businesslive.co.za

Nedbank scoops two prestigious global awards

The financial services provider has been named Best Bank for Transaction Banking in Southern Africa and Best Retail Bank in SA

by: abp LIVE

How Bajaj Finance is Making Digital Payments Simpler and Safer

Bajaj Finance has a long-standing reputation in the financial world for its forward-thinking approach, and digital payments are no exception.

by: Zawya

SACE and African Development Bank Group to work together under the "Mattei Plan"

by: Business Standard

Year-end portfolio review, Vatsalya scheme: Top personal finance stories

This week report about how to check and balance your financial investments and how a government scheme for children's retirement scheme works

by: Business Today

RBI MPC Meet: Is the central bank hinting at higher prices in near future? Here's what experts feel

The RBI marginally increased its inflation forecast for the fiscal year to 4.8% on Friday. This adjustment came after leaving the previous forecast unchanged at 4.5% in October.

by: businesstech.co.za

Eskom to sell R5.7 billion business

Eskom, on the other hand, needs to raise revenue, with the sale of its home loan business a condition of the government's R254 billion bailout package for the state-owned entity. Eskom has recently proposed a revenue and price increase of 66% over the next three years, which equates to:

by: RTE Online

Winners of Business & Finance awards announced

President of Global Affairs at Meta and former Deputy Prime Minister of the UK, Nick Clegg, was honoured at the 50th Annual Business & Finance Awards in Dublin.

by: Business Times

Temasek unveils S$10 billion private credit entity

SINGAPORE'S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion, consisting of direct investments and credit funds.

by: Yahoo Finance

The Kroger Co (KR) Q3 2024 Earnings Call Highlights: Strong Digital Growth and Strategic ...

The Kroger Co (KR) reports robust digital sales and strategic advancements, despite facing macroeconomic pressures and reduced fuel profitability.

by: moneycontrol.com

Flying in fog season: Essential tips to avoid delays and cancellations

by: Asian Development Bank

The Story of a Women-led Business Employing Women

by: Reuters

Investment banks eye 2025 income boom as Trump drives deal rebound

by: Business Line

Fusion Finance plans ?800 crore rights issue to boost capital

by: MSN

Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya

If you look at within financial services, let us take for instance, the power financiers, REC Power Finance. Now, these are relatively more secular in terms of their loan growth rates because infrastructure power where they lend to will be rather secure.

by: The New York Times

Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.

David Sacks, a venture capitalist who hosts a hit podcast, has generally called for a looser hand in regulating both emerging technologies.

by: Daily Monitor

Standard Chartered Bank is not exiting the Ugandan market

As a bank that has been in existence for over 170 years in the world's most dynamic markets and 112 years in Uganda, Standard Chartered has remained open for business, driving financial inclusion and growth in Uganda and beyond by leading in the digitisation and innovation space.

by: BBC

New photos released as NYPD hunt insurance boss killer

The NYPD says the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan was "a premediated, targeted attack".
Thu, December 5, 2024

by: Forbes

Changes In The Wealth Advisory Industry Heading Into 2025 And Beyond

Whether you're looking for a new wealth advisor or thinking about taking a more hands-on approach. Here are two ways the wealth advisory industry is evolving in 2025.

by: Business Insider

Warren Buffett: how the frugal billionaire spends his fortune, from McDonald's breakfasts to the occasional splurge

Discover how Warren Buffett amassed his $146 billion net worth, which is up by $26 billion this year, and how he spends his fortune.

by: deseret

Bitcoin just broke the $100k mark for the first time. Here's why it matters

Bitcoin broke the $100,000 line late Wednesday and was trading at around $101,400 at midday Thursday but had dropped back to just under $99,000 per token on Thursday afternoon, according to tracking by CoinGecko. At that time, the global cryptocurrency market capitalization came in just shy of $3.8 trillion.

by: The Banker

The Banker's Bank of the Year Awards 2024

With challenging economic conditions and rising geopolitical risk, strong and safe banking markets are all the more important

by: The Star

China-M'sia economic ties continue advancing

by: USA Today

Trump nominates finance CEO Frank Bisignano to lead Social Security Administration

WASHINGTON - President-elect Donald Trump said he's nominating financial services CEO Frank Bisignano to serve as commissioner of the Social Security Administration.

by: Shropshire Star

Deal completed for 'well-established' Shrewsbury firm

The sale of Shrewsbury-based Wildes Plant Hire & AT Wilde & Son has been confirmed. Accountants Azets advised on the sale of the business to Zofre Investments Limited. The acquisition will see the company continue under the existing trading names, with Peter Venn at the helm but both David and Peter Wilde still involved in the business.

by: Parkersburg News and Sentinel

Proposed weekend special session raises questions

As workers were picking up the pieces of the Capitol Christmas Tree Thursday morning after it was toppled by high winds, lawmakers and legislative staff were trying to determine how to conduct a proposed last-minute special session as new lawmakers prepare to take their seats.

by: KCUR 89.3 FM

Kansas City mayor accused of skirting city gift ban by using nonprofit to pay for travel

The nonprofit was used by Mayor Quinton Lucas' predecessor primarily to bring speakers to Kansas City to talk about economic development. Lucas and his former chief of staff use it for Chiefs tickets,

by: Inland Valley Daily Bulletin

How Trump's tariffs could affect the U.S. trade deficit and employment

President-elect Donald Trump has announced that soon after his inauguration, he will place heavy tariffs on imports of the three most important trading partners to the U.S., Canada and Mexico at 25% each, and China 10%. The president can impose these policies without the consent from Congress using the International Emergency Economic Power Act.

by: Seattle Times

West Seattle light rail plans give business owners sticker shock

West Seattle merchants say they can't get reestablished for the meager payments Sound Transit plans to dole out.

by: Upstream

Shell and Equinor to combine UK assets

by: Crain's Chicago Business

CME to offer one-ounce gold futures as retail trade surges

There has been a larger trend among retail investors to seek smaller-sized gold products as a way to diversify their portfolios as spot gold hit repeated record highs this year.

by: Express & Star

MPs call for tougher approach towards foreign governments holding UK citizens

MPs have called on UK ministers to toughen their approach towards foreign governments which detain British nationals overseas amid efforts to free a British-Egyptian citizen held in Egypt. Foreign Office minister Hamish Falconer claimed positive links between London and Cairo could help Egypt improve its human rights record.

by: Reuters

Citi M&A veteran Cary Kochman to retire, sources say

Cary Kochman, one of Citigroup's top dealmakers, is retiring after spending nearly 14 years at the helm of the Wall Street bank's mergers and acquisitions group, people familiar with the matter told Reuters on Thursday.

by: Business Today

ELI Scheme: EPFO Extends Deadline for UAN Activation and Linking Aadhaar with Bank Account; Here's is the last date now

In the Union Budget 2024, Finance Minister Nirmala Sitharaman revealed three categories of ELI schemes: A, B, and C. A recent notification from the Ministry of Labour and Employment outlined that eligible employees must activate their UAN and link their ...

by: The 74

The Largest Private Child Care Provider in the U.S. Went Public. How Will This Shape the Future of American Child Care?

by: Tribune242

'Way too aggressive' over Business Licence deadline

by: MSN

PMO Partners Founder's 30-Year Legacy of Leadership and Innovation in Project Management

While in the business world, passion often drives people to constantly evolve. For some, that journey leads to a combination of corporate success along with an entrepreneurial spirit. Michelle Watkins,

by: 24/7 Wall St

Hidden Credit Card Perks They Don't Want You to Know

Despite high interest rates and fees, some credit cards contain points, cash back rewards, and other perks that can make them worthwhile.

by: techUK

The Scottish Budget 2024

The Cabinet Secretary for Finance and Local Government, Shona Robison MSP, has presented her draft Budget to the Scottish Parliament, outlining the Scottish Government's proposed tax and spending plans for 2025-26.

by: The New Zealand Herald

Revolut applies for NZ banking licence as it seeks to challenge banks' savings and lending products

by: Yahoo

Waterville City Hall employees to try 4-day work week

City Hall employees will go from a five- to four-day work week on an eight-month trial basis starting Jan. 1. The City Council voted 5-2 Tuesday night to approve the new schedule, which would mean employee hours will be 7 a.

by: Yahoo Finance

LIVE: Wall Street hits pause on rally and London muted as bitcoin reaches $100k

Bitcoin broke through the $100,000 mark for the first time amid a rally sparked by Donald Trump's US election victory.

by: AOL

Boeing announces layoffs across Florida as mounting concerns about the company continue to grow

Boeing will be laying off 141 employees across Florida starting in January 2025, according to a Worker Adjustment and Retraining Notification Act letter.

by: Daily Express

Economy to shrink as Reeves' Budget 'snuffs out wealth and stunts growth'

PM Keir Starmer has only been in power five months but some of the hardest working Brits are already throwing in the towel.

by: Kiplinger

Disney Hikes Its Dividend: What This Means for Investors

Walt Disney (DIS) gave investors something to cheer about Thursday after the media and entertainment giant announced a significant increase to its dividend. Track all markets on TradingView The hike brings Disney's semi-annual payout to 50 cents per share,

by: The New York Times

Musk, Trump, A.I. and Other DealBook Summit Highlights

The economy, inflation, tariffs, the future of media, pardon politics and other big topics that made headlines this year.

by: Business Standard

Rebalance your investments away from equities and gold in favour of debt

Equity exposure in portfolios is likely to have exceeded the original strategic level due to strong performance in equity markets, both domestically and internationally. Allocation to gold is also likely to have increased, as the yellow metal has also delivered robust returns.

by: Bill Williamson

British business gives up as 'self-harming' Labour piles on costs, taxes and red tape

This morning, top British entrepreneur James Dyson accused Reeves of inflicting "an egregious act of self harm" on the UK economy, by charging inheritance tax (IHT) on family-owned businesses when owners die. Dyson is right. I've talked to one family that now faces a £26million IHT bill that will destroy a business that took decades to build.

Kansas City mayor accused of skirting city gift ban by using nonprofit to pay for travel

The nonprofit was used by Mayor Quinton Lucas' predecessor primarily to bring speakers to Kansas City to talk about economic development. Lucas and his former chief of staff use it for Chiefs tickets,

The article from KCUR discusses allegations against Kansas City Mayor Quinton Lucas, who is accused of potentially circumventing the city's gift ban by using a nonprofit, the KC 2026 initiative, to fund his travel expenses. The KC 2026 initiative, aimed at preparing for the 2026 FIFA World Cup, has reportedly paid for trips to international soccer events, including a visit to the 2022 World Cup in Qatar. Critics argue that this practice might violate the city's ethics code which prohibits elected officials from accepting gifts that could influence their official duties. The mayor's office has defended these expenditures, stating that they are necessary for planning and promoting the upcoming World Cup, and that all travel is approved by the nonprofit's board. However, the controversy has sparked a debate about transparency and the use of public funds, with some city council members and ethics watchdogs calling for a review of these practices to ensure compliance with local laws.

Read the Full KCUR 89.3 FM Article at:
https://www.kcur.org/politics-elections-and-government/2024-12-05/kansas-city-mayor-accused-of-skirting-city-gift-ban-by-using-nonprofit-to-pay-for-travel