• Sun, March 23, 2025

by: BusinessLIVE

US friction casts pall over local call centres

Meeting ambitious growth targets requires calm diplomatic waters, warns Business process outsourcing industry association

by: Mint

Navigating GST registration hurdles: What freelancers and small businesses should know

Freelancers and small business owners may find GST registration more complex than anticipated. Requests for additional documents could complicate matters. Here's how you can navigate the GST maze and avoid costly delays.

by: MiBolsilloColombia

How taxes affect your salary and what you can do to pay less

Understanding the intricacies of federal, state, and local taxes can significantly impact your take-home pay. By exploring common deductions, credits, and strategic financial planning, you can effectively reduce your tax burden.

by: TechCrunch

The 20 hottest open source startups of 2024

A new report showcases the 20 top-trending open source startups around the world, more than half of which are closely aligned with AI.

by: Moneywise

'That's a significant impact to our business': Kentucky distilleries feel the squeeze after Canada pulls U.S. liquor from shelves. Here's how tariffs can affect ...

The loss comes as many Canadian liquor stores are removing U.S. products from their shelves. "If we're not selling to our largest export market, that's a significant impact to our business, and it's very sad for us,

by: SmartAsset

Ask an Advisor: I'm 54 With $1 Million and a $7k Pension. Am I Ready to Retire?

I'm 54 with 26 years of service as a nurse. We go by the rule of 80 (your age plus years of service = 80) on our retirement plan. It will cover my health insurance. My pension will be around $7,000 per month minus taxes.

by: Benzinga

Charlie Munger's Investment Wisdom: 'If People Weren't So Often Wrong, We Wouldn't Be So Rich'

Charlie Munger, a long-standing associate of Warren Buffett, once shed light on his investment strategy, highlighting the significance of learning from errors and managing anticipations. What Happened: At a Berkshire Hathaway yearly shareholder gathering in 2015,

by: Hoodline

Washington House Democrats Unveil Bold Tax Reform Proposals to Bridge $15B Budget Gap and Bolster School Funding

House Democrats in Washington propose revenue bills for economic equity, targeting wealthy individuals and large corporations to address a $15 billion shortfall.

by: Moneycontrol

Stocks to Watch Today: Welspun Corp, NCC, Mahindra and Mahindra, Dr Reddys, Alembic Pharma, Godrej Properties, DAM Capital in focus on 24 March

Stocks like Reliance Industries, Apollo Hospitals Enterprise, Power Grid Corporation, Allied Blenders and Distillers, Sundaram-Clayton, IRCON International, NMDC, Power Finance Corporation, UCO Bank,

by: Chron

Financial entity Nasdaq to start headquarters in Dallas

The financial services corporation Nasdaq said last week that it would establish a home in Dallas, amid a deluge of business moves into the Lone Star State.

by: AOL

Unrest at Alaska's Mount Spurr volcano prompts alert level increase in Anchorage as fears of eruption grow

Alaska's Mount Spurr volcano continues to show signs of unrest, and that has led to an alert level increase in the city of Anchorage as fears of an impending eruption grow.

by: KKTV

Colorado Springs protesters rally against potential privatization of U.S. Postal Service

Protesters plan to gather in Colorado Springs Sunday morning to rally against the potential dismantling of the U.S. Postal Service.

by: Econostrum

SBA Cuts 2,700 Jobs and Assumes Control of Student Loan Program - What It Means for Borrowers

The Small Business Administration (SBA) has announced a sweeping reduction of its workforce, cutting 2,700 jobs—nearly 43% of its staff. This comes as the agency embarks on the monumental task of managing the federal student loan portfolio,

by: SlashGear

Will Harbor Freight Deliver? Yes, And Here's How Much It'll Cost You

Believe it or not, Harbor Freight will deliver orders to you, but there are some oddities to dealing with the company. Here are the costs of its shipping.

by: BusinessTech

The South African businessman in charge of the UK government's R23 billion investment pot

Leslie Maasdorp is the current CEO of British International Investment (BII), a development financial institution of the UK Government, after serving across South Africa's private and public sectors.

by: GOBankingRates

4 Pieces of Financial Advice From Warren Buffett That Have Stood the Test of Time

Famous businessman and investor Warren Buffett is one of the best people to turn to when you need financial advice. "The Oracle of Omaha" grew Berkshire Hathaway to over $1 trillion and is

by: MyChesCo

SBA Shake-Up: What Trump's Bold Reorganization Means for Your Business and Tax Dollars

A seismic shift is underway at the U.S. Small Business Administration (SBA), as the agency announced plans to reduce its workforce by 43% while realigning its focus

by: Insider

Today's Mortgage Rates | Rates Are Supposed to Fall This Year. But What About Home Affordability?

These are today's mortgage and refinance rates. Mortgage rates are forecast to fall in 2025, but it might not make a difference in affordability.

by: Reuters

China reassures Apple, Pfizer, Cargill, others of business potential

China sought to reassure foreign corporate chiefs of the country's business potential when Vice Premier He Lifeng met with the heads of Apple , Pfizer , Mastercard , Cargill and others on Sunday.

by: News18

Bank Strike March 2025: Are Banks Open Or Closed Today, March 24?

The United Forum of Bank Unions declared a nationwide strike on March 24-25, demanding a five-day work week and other changes. The strike, however, was postponed indefinitely.

by: TheStreet

Popular athletic shoe chain files for Chapter 11 bankruptcy

Another huge athletic shoe retailer Foot Locker revealed in December 2024 that it would close 275 of its namesake locations by 2026 in addition to closing 125, or half, of its Cha

by: Reuters

Japan's factory activity declines accelerate, services sag, PMI shows

Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday. The service sector,

by: Insider

Read the email Paul Weiss Chairman Brad Karp sent to staff after striking a deal with Trump: 'Clients perceived our firm as being persona non grata'

Paul Weiss Chairman Brad Karp sent an email to employees on Sunday explaining why the law firm struck a deal with President Donald Trump last week.

by: AOL

Texans could be 'hardest hit': The state could lose 370,000 jobs and $47 billion a year in GDP because of Trump's tariffs

While the short-term impact isn't good, the long-term consequences may be even worse. The Perryman Group estimates that Texas is going to lose around 370,000 jobs annually as a result of the tariffs, and around $46 or $47 billion in gross domestic product (GDP).

by: Moneycontrol

FPI outflows ebb amid easing global concerns, optimism over Russia-Ukraine conflict

Dovish commentary from the Fed -- hinting at the possibility of two rate cuts this year -- has encouraged FPIs to selectively re-enter Indian equities.

by: News18

Mcap Of Nine Of Top-10 Most-Valued Firms Surges Rs 3 Lakh Crore; ICICI Bank, Airtel Biggest Gainers

Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever, and ITC.

by: Reuters

China's vice premier reassures Apple, Pfizer, Cargill, others of business potential

BEIJING (Reuters) -China's Vice Premier He Lifeng sought to reassure foreign corporate chiefs of the country's business potential when he met with the heads of Apple, Pfizer, Mastercard, Cargill and others on Sunday.

by: Insider

Tesla's stock is down for the ninth week in a row. BI readers got an early signal trouble was coming.

In this Sunday edition of BI Today, we're talking about Tesla's 9 weeks of pain.

by: Insider

Is Frank founder Charlie Javice a genius or a swindler? Jury in $175M JPMorgan fraud trial will soon decide.

At her $175M fraud trial this week, Charlie Javice's defense lawyers will tell a jury JPMorgan misunderstood two things: her data and Gen Z.

by: Insider

A Gen-Xer fell behind on savings, changed his investment strategy, and now plans to retire early. 2 books changed his mentality.

Like most Gen Xers, Brannon Potts didn't learn basic personal finance lessons in school, but two books helped turn his finances around.

by: Insider

I'm 58 and lost my 6-figure job. Over a year of applications later, I still haven't found anything.

Pete Petersen, 58, has been looking for work since last February after he was laid off from his corporate job, suspecting ageism.
  • Mon, March 24, 2025

by: cnbctv18

FM Nirmala Sitharaman to move Finance Bill in Lok Sabha today

The Finance Bill is a crucial part of the Union Budget. It includes tax proposals and other financial measures announced by the government.

by: Mint

How startups are using AI agents to scale quickly

In India's evolving startup landscape, AI is becoming a crucial partner, enabling companies to operate smarter and faster. Programs like AI Pitchfield offer support and mentorship, helping startups utilise AI to tackle significant challenges and drive innovation across various industries.

by: Moneycontrol

Markets went through a bull run correction, global growth intact: Ramesh Damani

Ramesh Damani believes domestic stock markets are in the middle on an ongoing bull run and they are nowhere near the top, and even in this phase of a normal market correction, several stocks hit fresh highs on the back of growth plans and ambitious capex.

by: CNA

As Hong Kong hosts finance, sports and arts events, some say the city is getting its groove back

Some observers, however, have struck a cautious tone on Hong Kong's present and future, especially with the looming impact of tariff threats and trade wars coming from US President Donald Trump's administration.

by: Kiplinger

Social Security Fairness Act: Five Financial Planning Issues to Revisit

More money as a public-sector retiree is great, but there could be unintended consequences with taxes, Medicare and more if you're not careful.

by: Forbes

Trump's Presidency And Student Loans: What Move To Small Business Administration Means For Borrowers

Borrowers' loans will not be affected by the move to the Small Business Administration, but the transition may be rocky.

by: Moneycontrol

Term Loan: How it works? Check interest rate, features and eligibility

A term loan is a structured financing option with fixed repayment schedules, making it ideal for business expansion, home purchases, or major expenses. With flexible tenures and predictable EMIs, it helps borrowers manage their finances efficiently.

by: cnbctv18

New India Co-op Bank Case: Cops question RBI on audit lapses, more queries likely

The New India Co-op Bank has been under scrutiny since February. The RBI imposed strict restrictions on the Mumbai-based bank due to supervisory concerns.

by: Forbes

Revised Beneficial Ownership Information (BOI) Rule Exempts U.S. Companies From Reporting

U.S. businesses no longer have to comply with the beneficial ownership information (BOI) reporting filing requirements of the Corporate Transparency Act (CTA).

by: TheStreet

How Business Growth Affects Insurance Needs

As businesses grow, their risks evolve. What may have been a sufficient insurance policy in the early stages may no longer provide adequate coverage as operations expand, revenue increases, and new assets come into play.

by: Reuters

US retailers haggle with suppliers after Trump tariffs

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.

by: Reuters

China's Sinopec to prioritise risk control in Russian oil purchases, exec says

Top Chinese refining major Sinopec Corp will prioritise "risk control" in purchasing Russian oil, which has similar quality for its value versus competing global supplies, a top company executive said on Monday.

by: Reuters

China's central bank to conduct medium-term loan operation on Tuesday

China's central bank said on Monday that it would issue 450 billion yuan ($62.03 billion) of one-year medium-term lending facility (MLF) loans on Tuesday.

by: Reuters

UK services firms provide relief to Reeves before tough budget update

Businesses in Britain's huge services sector reported a pickup this month, according to a survey that offered some comfort to finance minister Rachel Reeves ahead of a challenging speech on the economy and the public finances this week.

by: Reuters

Singapore core inflation rate at the lowest in nearly four years in February

Singapore's annual core inflation rate eased to 0.6% in February, data showed on Monday, and an analyst said the lowest reading in nearly four years meant an easing was possible at the central bank's policy review next month.

by: Reuters

Elliott discloses stake in RWE, calls for buyback increase

Activist investor Elliott (ECAL.UL) on Monday disclosed a stake of close to 5% in RWE , urging the German utility to significantly increase its 1.5 billion euro ($1.63 billion) share buyback programme.

by: Reuters

Sovereign fund Danantara Indonesia names 'dream team' of former presidents, Sachs, Dalio and ex-Thai PM Thaksin

New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra.

US friction casts pall over local call centres

Meeting ambitious growth targets requires calm diplomatic waters, warns Business process outsourcing industry association
The article from BusinessLive discusses the challenges faced by South African call centers due to increasing friction between the US and South Africa. The US has raised concerns over South Africa's foreign policy, particularly its stance on the Russia-Ukraine conflict, which has led to potential economic repercussions. This tension threatens the lucrative business process outsourcing (BPO) sector in South Africa, which benefits from cost advantages and a skilled English-speaking workforce. The article highlights that the US is South Africa's second-largest trading partner, and any trade restrictions or sanctions could significantly impact the call center industry. There's mention of a possible review of South Africa's eligibility for the African Growth and Opportunity Act (Agoa), which could further complicate trade relations. Local call center operators are worried about losing business as American companies might look elsewhere for outsourcing if geopolitical tensions escalate.

Read the Full BusinessLIVE Article at:
https://www.businesslive.co.za/bt/business-and-economy/2025-03-23-us-friction-casts-pall-over-local-call-centres/

Like: 👍