Category: Business

The European Union’s banking watchdog has urged some of the bloc’s leading banks to step up their preparations for a potential crisis, after recent collapses of Silicon Valley Bank and Credit Suisse exposed gaps in their defences. Banks meet MREL targets, but face challenges in resolution The Single Resolution Board (SRB), which is responsible for winding down or restructuring failing banks in the EU’s banking union, said that most of…

The tech sector is one of the most dynamic and innovative segments of the economy, driving growth and transformation across various industries. Technology companies need specialized real estate to support their operations, such as data centers, logistics facilities, and cell towers. These properties are often owned and managed by real estate investment trusts (REITs), which offer investors exposure to the tech sector while providing steady income and diversification. REITs are…

Survey Shows Declining Optimism and Investment A survey conducted by the American Chamber of Commerce in Shanghai (AmCham Shanghai) revealed that American companies operating in China view tensions with Washington over technology, trade and other issues as a major hindrance for their businesses there. The survey, which was released on Tuesday, showed a continued downgrading of China’s importance as an overseas destination for investment, even though two-thirds of the 325…

The rise of the side hustle generation More and more young Australians are embracing their entrepreneurial spirit and starting their own businesses, according to a new study. The 2022 ‘Future of Work’ report by GoDaddy, a web hosting company, revealed that 25 per cent of Gen Z Aussies – those aged between 18 to 26 – are running a side hustle this year. This is a 100 per cent increase…

The government has been accused of relying on a stealth tax from hardworking business motorists who use their own vehicles for work purposes. The approved reimbursement rates, which are the maximum amount an employer can pay an employee for each business mile travelled without creating tax or national insurance issues, have not been updated since 2011/12. This means that many employees are effectively subsidising their employers by bearing some of…

What is the employee retention tax credit? The employee retention tax credit (ERC) is a tax relief program that was enacted during the Covid-19 pandemic to help small businesses and tax-exempt organizations that paid employees during government-mandated shutdowns or experienced a significant decline in gross receipts. The ERC allows eligible employers to claim a refundable tax credit against certain payroll taxes for up to $5,000 per employee in 2020 and…

The global economy is constantly evolving and presenting new challenges for businesses. To survive and thrive in this dynamic environment, organizations need to adopt a strategic mindset and a leadership approach that can help them adapt and innovate. This is the core idea of the book Strategy as Leadership: Facing Adaptive Challenges in Organizations, written by Roberto Vassolo and Natalia Weisz, professors at IAE Business School in Argentina. Strategy as…

The recent surge in interest rates by the Federal Reserve has created a new challenge for the banking industry. As the cost of borrowing increases, banks are finding it harder to make profits from their traditional consumer banking services. Some big lenders are starting to retreat, and in some cases exit, from consumer banking, as they seek more lucrative opportunities elsewhere. The Impact of Higher Interest Rates on Consumer Banking…

Evan Rutchik is a prominent figure in the ad tech industry, who has been instrumental in developing innovative and customized advertising solutions for local businesses. He is the CEO of Local Factor Group, a company that leverages data and media to create localized audiences and boost the impact of ads. He is also an angel investor and a mentor for aspiring entrepreneurs in the ad tech space. From New York…

What is Paze? Paze is a new mobile wallet that will be launched next year by some of the largest banks in the US, including JPMorgan Chase, Bank of America, Wells Fargo, and others. Paze will allow customers to link their credit and debit card accounts to their smartphones and make payments at stores, online, and peer-to-peer. Paze will also offer rewards, discounts, and other benefits to its users. Paze…