Business
- Businessetf.com
How to Invest in China Without the Downside Risk
KraneShares’ Shelon discusses the company’s new China ETFs.
1 min read - BusinessInternational Accounting Bulletin
Bristol Sport implements Xledger UK cloud finance solution
Bristol Sport has successfully deployed Xledger UK’s automated cloud finance solution to drive efficiencies through automation, insight and scalability across the group’s finance function. Comprised of five professional sports teams, across football, rugby and basketball, Bristol Sport were looking for a strategic partner to help with its finance transformation journey to enhance its processes and reporting. …
2 min read - USMiami Herald
Sheriff requests nude photos from inmate in exchange for favorable treatment, feds say
The former Mississippi sheriff was accused of bribery and lying to the FBI.
2 min read - BusinessBloomberg
Wood Group Rejects £1.4 Billion Takeover Proposal From Sidara
(Bloomberg) -- John Wood Group Plc said it rebuffed a £1.4 billion ($1.8 billion) bid from family-owned engineering company Sidara. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyLondon-listed Wood received an unsolicited preliminary proposal of 205 pence per share from
2 min read - BusinessInternational Accounting Bulletin
ACCA: Updated internal audit code aligns to global standards
A proposed code for internal auditors has been praised by ACCA (the Association of Chartered Certified Accountants) for ‘clearly and concisely reflecting and adopting global standards’, while maintaining its relevance for the UK profession. Responding to a public consultation, issued by the Chartered Institute of Internal Auditors, ACCA welcomes the way the draft looks across…
2 min read - BusinessBloomberg
Shell to Sell Singapore Oil Assets to Glencore-Indonesia JV
(Bloomberg) -- Shell Plc has agreed to sell its Singapore refining and chemicals assets to a joint venture between commodity trader Glencore Plc and Indonesia’s PT Chandra Asri Pacific.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyAs part of the transaction, Shell will
2 min read - BusinessReuters
SK Hynix to sell 50% stake in China foundry unit to Chinese enterprise -Korea Economic Daily
South Korea's SK Hynix has agreed to sell its nearly 50% stake in its foundry unit based in China to a Chinese state-owned enterprise, according to regulatory filings and media reports. SK Hynix System IC said in a regulatory filing that it plans to sell a 21.3% stake in its foundry unit in Wuxi to China's state-owned Wuxi Industry Development Group Company for 205.4 billion won ($150.81 million). In a separate filing, SK Hynix System IC said it will also sell its intangible assets, including
1 min read - BusinessElectronic Payments
Indonesia e-commerce payments to surge by 15.5% in 2024, reveals GlobalData
Indonesia’s e-commerce market is one of the fastest growing in South East Asia, supported by advancements in digital infrastructure and logistics
3 min read - TechnologyEngadget
The Morning After: Apple's new iPad Pro is thinner than an old iPod nano
The biggest news stories this morning: Google announces the $499 Pixel 8a early, Apple’s M4 chip arrives with a big focus on AI, Nintendo to announce Switch successor before March 2025.
2 min read - BusinessTechCrunch
Axmed raises $2M from Founderful to streamline drug supply chains in underserved markets
It is estimated that about 2 billion people, especially those in lower and middle-income countries, lack access to quality and affordable essential medicines. The situation is exacerbated by low-quality or even killer counterfeit drugs that fill the gap. This is the problem that B2B marketplace Axmed is out to fix by addressing supply chain fragmentation, and the startup recently raised $2 million in seed funding from Founderful Ventures to fuel its plans.
3 min read - BusinessJust Style
In data: RFID upgrades inventory management for apparel manufacturer
Tracking solution provider RFID Discovery has announced it is working with European clothing supplier Brook Taverner, however GlobalData has revealed Radio Frequency Identification (RFID) apparel patents have not risen since 2020.
1 min read - BusinessPower Technology
Siemens Gamesa CEO steps down, shares surge 13%
Vinod Philip is set to take the helm as Siemens Energy initiates a comprehensive overhaul.
2 min read - BusinessOffshore Technology
EIA estimates slower world oil demand growth in 2024
The latest report by the US Energy Information Administration (EIA) predicts slower global oil demand growth for 2024 and a 2% decline in US natural gas production from the first quarter (Q1) of 2024 to Q2 2024.
3 min read - BusinessMining Technology
Ganfeng to acquire Leo Lithium’s Mali project stake for $342.7m
The company has agreed to acquire a 40% stake in the Goulamina lithium mine from Leo Lithium for $342.7m (1.63bn yuan).
2 min read - BusinessThe Guardian
‘It’s the brand speaking to you’: the scent firms making smells for Subway, Abercrombie and more
As brick-and-mortar retail stores compete with e-commerce, chains are spending heavily to immerse customers in bespoke fragrances
9 min read - BusinessAFP
BMW says EU probe into China EV subsidies against free trade
The chief executive of German luxury carmaker BMW on Wednesday warned the European Union's investigation into Chinese electric car subsidies runs counter to free trade.Oliver Zipse -- CEO of BMW, which has major investments in China, the world's biggest car market -- said that the Munich-based group "always strives for free trade".
2 min read - BusinessBloomberg
Cocoa’s Dizzying Volatility Is Spilling Into the Coffee Market
(Bloomberg) -- Cocoa and coffee have become intertwined this year, with extreme weather and shortages fueling rallies of both commodities that test the limits of traders.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyJust like cocoa, the coffee market is facing severe sh
4 min read - WorldFreightWaves
New shipping routes highlight growing Asia-to-Mexico trade
Global ocean carriers are targeting the growing trade from China to Mexico with new express services. The post New shipping routes highlight growing Asia-to-Mexico trade appeared first on FreightWaves.
3 min read - BusinessBloomberg
Turkey’s Inflation Math Is No Longer a Dealbreaker for Investors
(Bloomberg) -- Turkish inflation forecasts still strain belief — but this time, few in the market are complaining.Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyAs Governor Fatih Karahan prepares to unveil the central bank’s fresh outlook at a quarterly event in Ankara o
4 min read - TechnologyElectronic Payments
AI needed to tackle AI fraud – cybersecurity expert
Resitant AI CEO Martin Rehak says AI fraud is predominantly enabling a change of scale without engendering a change of scope.
5 min read - BusinessBloomberg
FTX Has Billions More Than Needed to Pay Bankruptcy Victims
(Bloomberg) -- Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in
4 min read - BusinessJust Auto
Ford mulls restricting ICE vehicle sales in Britain – FT
The move would help to hit UK mandated share of sales targets for BEVs and avoid fines
1 min read - BusinessJust Drinks
Bolthouse Farms splits into two business entities in food and beverages
Bolthouse Fresh Foods is focused on fresh carrots, while Generous Brands serves the dressings and fruit and veg drinks categories.
2 min read - WorldHotel Management Network
Dusit to launch lifestyle resort near Malé, Maldives
The lifestyle resort, dusitD2 Feydhoo Maldives, is set to open in the fourth quarter of 2024.
2 min read - BusinessCharlotte Observer
How a new Albemarle deal for its Kings Mountain lithium mine will help local nonprofits
The Charlotte-based company has several upcoming community meetings planned as it works to reopen the dormant mine
4 min read - BusinessReuters
Apple's iPhone shipments in China rebound with 12% surge in March after price cuts
Apple's iPhone shipments in China increased by 12% in March after the company and its retailers reduced prices, according to data from a research firm affiliated the Chinese government. Shipments of foreign-branded phones in China increased by 12% in March to 3.75 million units from 3.35 million a year earlier,data from the China Academy of Information and Communications Technology (CAICT) published on Wednesday showed. Although the data did not explicitly mention Apple, the company is the dom
2 min read - TechnologyVerdict Food Service
Presto introduces new Voice AI feature to streamline restaurant operations
The new tech will minimise the need for human intervention at early stages of the ordering process.
2 min read - BusinessPackaging Gateway
Lunchskins introduces new recyclable Lunch SAC line at Target stores
The newly added line comprises recyclable FSC-certified paper.
1 min read - BusinessLife Insurance International
AI-powered insurance solutions provider Simplifai garners funding
Simplifai’s InsuranceGPT is said to be the industry's first insurance-specific generative AI (GenAI) technology.
2 min read - BusinessPrivate Banker International
The AmeriFlex Group acquires The W Source
AmeriFlex Group purchases a women-to-women professional networking platform.
2 min read - BusinessRetail Insight Network
Amazon launches South African online store
Amazon.co.za offers same-day and next-day delivery services, a 30-day return policy, and home pickup and self-drop options.
2 min read - BusinessVerdict
In data: US semiconductor industry attracted over $100bn in foreign direct investment since 2019
Germany ranked second after the US, attracting nearly $40m of FDI in semiconductors since 2019.
2 min read - USAkron Beacon Journal
City of Akron weighing $750k shot in the arm to help nonprofits assist small businesses
Pending council approval, the city of Akron could issue $750,000 to the Bounce Innovation Hub, Akron Urban League and Western Reserve Community Fund.
3 min read - USAkron Beacon Journal
Akron nonprofits: More women, underserved populations need tapped for board service
The Diversity on Board program's eighth class graduates as the Women’s Network Leadership Institute launches its Board Leadership Initiative.
8 min read - BusinessYahoo Personal Finance
Mortgage rates today, May 8, 2024: Rates could dip soon
These are today's mortgage rates. Rates have been up for weeks, but recent economic data could cause them to fall. Lock in your rate today.
3 min read - WorldCNN Business
AstraZeneca withdraws Covid-19 vaccine citing low demand
AstraZeneca is withdrawing its highly successful coronavirus vaccine, citing the availability of a plethora of new shots that has led to a decline in demand.
1 min read - BusinessMotley Fool
Top 5 Tips to Make Your Side Hustle More 'Serious' (and Successful)
Want to make serious cash from your side hustle? See how to maximize your small business marketing (and profit) for every hour of side hustling.
4 min read - BusinessThe State
Want $120K or more working from home in SC? 8 of the highest paying remote jobs open in May
Would you like to earn more than $120,000 a year working from your South Carolina home? Check out these eight high-paying open remote work jobs.
4 min read - BusinessFortune
Delta tops J.D. Power airline satisfaction survey for the first time in 3 years
Atlanta-based carrier back on top for first time since 2021.
2 min read - BusinessWFXR Roanoke
Danville City Council approves changes to Casino agreement
DANVILLE, Va. (WFXR) — Danville City Council heard updates to their agreement with Caesars for a casino Tuesday night. Changes include an increased capital investment; the original price tag for the project was $400 million, but over the past four years that has risen to $750 million. Caesars is responsible for those costs and Virginia […]
3 min read - BusinessLeasing Life
Auxillias partners with IAA Advisory to offer board advisory services for asset and motor finance
Through a partnership with IAA Advisory, Auxillias will offer specialised compliance and legal advice, alongside broader industry board advisory services.
2 min read - BusinessPackaging Gateway
Amcor launches Bottles of the Year programme
The new annual programme from Amcor Rigid Packaging showcases designs that are responsive to consumer trends in packaging.
1 min read - BusinessBloomberg
Oil Drops With Bearish US Stockpiles Compounding Weaker Outlook
(Bloomberg) -- Oil fell to the lowest level since mid-March, with a mildly bearish US stockpile report adding to signals that the decline has further to go. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialOne Out of Every 24 New York City Residents Is Now a MillionaireAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackTrump’s Private Life Exposed in Intimate Stormy Daniels TestimonyBrent fell toward $82 a barrel, while West Texas Intermediate trade
2 min read - BusinessMilwaukee Journal Sentinel
Microsoft Racine County data center expansion, new AI training focus of Biden visit to state
Microsoft President Brad Smith says Microsoft is accelerating data center buildout, making major investment in bringing workers, businesses into AI economy.
7 min read - BusinessThe Burlington Free Press
Mall mainstay closing hundreds of stores, including one in Vermont
Yes, there will be a going out of business sale.
1 min read - BusinessPortsmouth Herald
After more than a decade at Mall at Fox Run, this store is closing following bankruptcy
A going out of business sale is planned.
1 min read - BusinessHotel Management Network
Short-term rental sector boosts AI usage as hotels lag behind
Hostaway has surveyed 500 property managers and owners, revealing critical data on the integration of AI technologies in their operations.
1 min read - TechnologyPharmaceutical Technology
How six trends are driving pharmaceutical milling
The pharmaceutical milling industry is constantly evolving. We look at the top six most important trends and how they are shaping the industry.
5 min read - BusinessPackaging Gateway
The impact of smart packaging in pharmaceutical logistics
Smart packaging is revolutionising pharmaceutical logistics by transforming traditional packaging into interactive, responsive systems.
3 min read - BusinessAFP
Bubbling profits for AB InBev despite Bud Light boycott
The world's largest brewer AB InBev on Wednesday toasted a jump in profits in the first quarter, despite a drop in beer sales driven by a Bud Light boycott in the United States.AB InBev got caught in the US culture wars in 2023 after it teamed up with a transgender influencer to promote Bud Light, which sparked a boycott by conservative figures.
2 min read