business
In recent years, Uzbekistan has become a focal point for foreign investment, thanks to significant governmental reforms initiated in 2017. The Third Tashkent International Investment Forum showcased the country's burgeoning appeal to global investors. Participants from over 90 countries convened to discuss business prospects and inked contracts valued at billions of dollars. Notable figures such as Marco Arcelli, CEO of ACWA Power, lauded Uzbekistan's rapid embrace of decarbonization, citing the nation's ambitious agenda as a catalyst for investment. ACWA Power further solidified its commitmen...
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Brewer AB InBev announced on Wednesday that its revenue grew by 2.6% in the first three months of the year, a result which fell in line with analysts' expectations. In terms of volume, AB InBev sold slightly more beer than anticipated, noting a decline of 0.6%. Revenue figures for the firm, which makes Stella Artois, Bud Light, and Corona beer, were boosted by sales of products such as spirits-based drinks in cans. The results are nonetheless historically low due to the lasting effects of a customer boycott. Last year, AB InBev sparked controversy when deciding to work with the transgender inf...
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In a move that is likely to increase tension between Russia and Western Europe, the Kremlin has unexpectedly announced the "temporary external management" of Russian subsidiaries of Italian water heating company Ariston and German appliance maker BSH Hausgeraete. The subsidiaries, Ariston Thermo Rus, and BSH Household Appliances, now come under the management of Gazprom's Household Systems and are now completely under Russia's control. The Executive Order, signed by President Putin, which was revealed on Friday and backdated to Tuesday, states the measures are "an urgent response to the United...
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There are 44 countries in Europe and across all of them there’s an estimated 32 million active enterprises, according to 2022 data from the European Commission. However, growth has been pretty bleak in the past few years. The European Central Bank (ECB) estimated growth in 2023 to be 0.6%, and is only projecting a marginal improvement of 0.8% in 2024. To put that in context, in the USA GDP increased at an annual rate of 3.3% in the fourth quarter of 2023 and both Reuters and the World Bank have put China’s 2023 growth at 5.2%. So what is Europe doing wrong? In this episode of The Big Question,...
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Fund managers are meant to be focused on value creation, and paid to make decisions that financially benefit the firm they invest in and, by consequence, the fund they manage. Yet, recent research suggests that’s not always the case and that, in the United States at least, their decisions can actually be driven by political motivations. What’s more, these managers then look to hide that bias by engaging in “signal jamming” to avoid any potential backlash for breaching their fiduciary duties. Not all behaviour is as expectedThis conclusion is based on an analysis of the proxy voting behaviour o...
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Twenty years after the European Union's 2004 "Big Bang" enlargement, we have seen it all: perceptions and reflections have been morphing from enthusiasm to fatigue, from hope to fear, from aspiration to disappointment. With the wisdom of the past two decades and seven different waves of enlargement since the beginning of the European project, it would probably be appropriate to celebrate this "big bang" anniversary with facts and figures to dispel emotional debates ahead of the EU elections in June. The three-year-long war in Ukraine has pushed the issue of enlargement to the forefront of the ...
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Gold has recently reached record highs. Following the 2008 financial crisis, and amid the current commodity uncertainty, many people have turned to the precious metal as a safe investment. However, this has also created a hotbed for fraudsters who are looking to cash in on its value, but not in a good way and at your expense. There have been some 54,000 Google searches in the UK over in the past 12 months related to spotting fake gold, showing this is a clear concern for customers. Gold is typically considered fake when there is less than 37.5% or 9 carats. The first thing to do if you're unsu...
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Switzerland comes out top as the best place to do business in Europe, according to a recent report by PwC. Most of the highest-ranking countries considered best for business were in northern Europe. PwC's Private Business Attractiveness Index 2023 looked at 33 countries in Europe, the Middle East and Africa (EMEA), judging them on nine categories and looked at 64 sets of numbers across the different categories. Judgements were from "emerging" to "leading" in each section when referring to attractiveness for private businesses. Are these the five easiest European countries to start a business? ...
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Major European indices notched the fifth consecutive monthly gains, refreshing their record-highs in March, thanks to the ongoing optimism about potential rate cuts by central banks this year on the back of cooling inflation. The Euro Stoxx 500 was the strongest performer in Europe so far in 2024, up 12.4% for the first quarter. The DAX rose 10.3%, the CAC 40 was up 8.8%, and the FTSE 100 advanced 2.6% during the same period. European stock markets are closed for Good Friday and Easter Monday, with reopening scheduled for Tuesday next week. Some European drug maker stocks outperformed this wee...
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Oscar winner Michelle Yeoh, Botswana President Mokgweetsi Masisi, and Verizon CEO Hans Vestberg are among the diverse group of political, business and philanthropic leaders Global Citizen will convene in New York on 1 and 2 May. The Global Citizen NOW brings together influential decision makers and the biggest names in pop culture to create "a global agenda for urgent action". The summit will seek support for workable solutions to address issues of food insecurity, climate change and public health associated with extreme poverty, said Global Citizen CEO Hugh Evans. “We are focused on advancing...
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