Category: Business

The 2023 Australian Women’s Small Business Champion Awards have announced the finalists for the online and retail categories, showcasing the achievements of 29 female-led businesses across the country. The awards, which are in their second year, aim to celebrate the most inspiring and influential women in small business, covering a wide range of industries and sectors. Online businesses demonstrate innovation and resilience The online business category features 16 finalists who…

Zoom Video Communications (NASDAQ: ZM) announced its fiscal second-quarter results on Monday, beating analysts’ expectations and raising its full-year guidance. The video-calling software provider reported adjusted earnings of $1.34 per share on revenue of $1.14 billion, which grew 3.6% year over year. Zoom’s enterprise business drives growth Zoom attributed its strong performance to the growth of its enterprise business, which delivers 54% of total revenue. The company said it had…

New York, the financial capital of the world, is facing a massive loss of business as many Wall Street firms have relocated their headquarters to lower-cost and lower-tax states in the South. According to a new report by Bloomberg, nearly 160 Wall Street firms have moved out of New York since the end of 2019, taking nearly $1 trillion in assets under management with them. Why are Wall Street firms…

The U.S. federal government is not the only one that is trying to curb the influence of Chinese business in the country. Several states across the nation are also enacting or proposing legislation that would restrict or ban the involvement of Chinese companies in various sectors, such as technology, infrastructure, and education. These measures are driven by concerns over national security, human rights, and economic competition, but they could also…

The UK housing market is facing a slowdown as home sellers slash prices at the fastest rate since 2018, according to the latest data from Rightmove. The online property portal reported a 1.9% drop in average asking prices in August compared to a month earlier, making the sharpest fall in five years. The decline was driven by a lack of demand, especially in London and the South East, where prices…

A Controversial Move Some New York City developers who are eyeing to build casinos in the city have decided to fund children’s sports programs in an attempt to win public support and influence local officials. However, this move has angered some parents and activists who see it as a cynical and unethical way to promote gambling in the city. According to a report by The New York Times, the developers…

Hyundai and Georgia Ports Authority celebrate milestone for the $5.5 billion project Hyundai Motor Group Metaplant America (HMGMA) and Georgia Ports Authority (GPA) held a ceremony on Monday to celebrate the arrival of the first shipment of equipment for the electric vehicle (EV) manufacturing facility under construction in Bryan County, Georgia. The shipment contained a crane for the stamping facility, which will produce metal parts for the EVs. The Metaplant,…

A Czech-owned provider of gas cylinders has opened a new distribution facility in Flowery Branch, Georgia, on Tuesday, August 9, 2023. The company, Atlanta Cylinder Inc., is a subsidiary of Cylinders Holding as, which is one of the largest producers of steel cylinders for industrial gases, hydrogen and compressed natural gas in the world. The new facility will import and distribute the Czech-made cylinder packs to customers in the United…