Business Finance – India Business http://indiabusiness.info/ Fri, 08 Oct 2021 10:20:05 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://indiabusiness.info/wp-content/uploads/2021/06/icon-5-150x150.png Business Finance – India Business http://indiabusiness.info/ 32 32 Gorillas delivery service responds to workers’ strike | Business | Economic and financial news from a German point of view | DW https://indiabusiness.info/gorillas-delivery-service-responds-to-workers-strike-business-economic-and-financial-news-from-a-german-point-of-view-dw/ https://indiabusiness.info/gorillas-delivery-service-responds-to-workers-strike-business-economic-and-financial-news-from-a-german-point-of-view-dw/#respond Fri, 08 Oct 2021 08:39:23 +0000 https://indiabusiness.info/gorillas-delivery-service-responds-to-workers-strike-business-economic-and-financial-news-from-a-german-point-of-view-dw/ Several dozen Berlin-based delivery men were sacked by Gorillas Technologies on Monday, October 4 for participating in strikes against the company to protest unfair working conditions. The Gorillas Workers Collective, a group of workers who have previously held strikes against the company, called for a protest against the layoffs outside the company’s headquarters in Prenzlauer […]]]>

Several dozen Berlin-based delivery men were sacked by Gorillas Technologies on Monday, October 4 for participating in strikes against the company to protest unfair working conditions.

The Gorillas Workers Collective, a group of workers who have previously held strikes against the company, called for a protest against the layoffs outside the company’s headquarters in Prenzlauer Berg on Wednesday afternoon. About 150 protesters gathered for several hours, during which the headquarters entrance doors remained locked.

Duygu Kaya was one of the Gorillas riders who were dismissed. She had also participated in actions and meetings with the workers’ collective.

“They fired some of us with dismissal letters and others with phone calls,” Kaya said. “The workers received calls from private numbers and were asked: ‘Did you take part in the strikes? “And if they said yes, they were fired.”

Kaya estimates that around 30 to 40 workers have been made redundant, although she suspects that Gorillas Technologies intends to rehire some of the workers now that the strikes have effectively been quelled.

Asked to comment, Gorillas Technologies said: “There have been a series of unannounced wildcat strikes, blockades and barricading of warehouse emergency exits by employees at a number of our sites in Berlin and Leipzig. spontaneous strikes like these are not allowed and therefore have no legal basis. “

Strikes against the company intensified in July when workers at Gorillas succeeded in blocking warehouses

Rights violations

Yet laid-off employees like Kaya see it differently.

“The idea that wildcat strikes are illegal is based on decisions from the 1950s that were intended to discourage workers’ organizations, and I personally want to challenge that,” Kaya said. “The company was in breach of contract: it was not paying, it was not giving us safe equipment, and it was not giving us legal schedules,” she said.

On Twitter and messaging platforms, many Gorillas employees have shared screenshots of schedules that violate German labor law requiring workers to have 11 hours off between shifts.

“It’s illegal,” Kaya said, “and if the company commits illegal actions, the worker has the right to stop working until the company corrects those mistakes.”

Following a first strike in July this year, the Gorillas Workers Collective produced a list of demands. These requests included points about being paid a specific and equal pay, being scheduled in a way that allowed cyclists to take a few days off in a row, and having better equipment, like cargo bikes, for heavy loads.

The workers who decided to strike last week did so because they felt their demands had not been met.

Profit in the midst of fierce competition

Among the more recent concerns of workers is the feeling that the company has become obsessed with optimization at the expense of employees who are therefore expected to fill more orders in less time.

“With these optimizations, there is so much stress on every rider,” said Kaya. “According to the warehouse, some people can’t even take adequate breaks.”

According to the company’s website, Gorillas operates 16 different warehouses in Berlin. While warehouses operate under the same structure, their day-to-day operations are largely independent and they are known among employees to have very different atmospheres.

The recent strikes were organized by workers in three warehouses: in Bergmannkiez, Gesundbrunnen and Schoeneberg. Other warehouses in Berlin and other cities continued to operate as usual.

“For me at the moment there is no problem,” said a runner from the Schoenhauser Allee warehouse. “I see my supervisors helping out and everyone is doing their best to resolve the issues.”

However, in Bergmannkiez, where workers who went on strike were sacked, the workers’ collective reported that deliveries continued at the expense of only a few contract workers while the rest of the workforce was replaced by day laborers from Zenjob, an online platform that connects part-time workers with daily gig work.

Gorillas warehouses often use ZenJobs workers to replace them when they are understaffed, but replacing shifts of laid-off workers with gig workers potentially sets a new precedent. This could be seen as particularly ironic for a company that has proclaimed itself a “counter-model to the odd-job economy”.

“The CEO is from Turkey, just like me,” Kaya said. “Many of us have come to avoid the oppression there. Every biker in this company has his education or a diploma but cannot find a suitable job because they do not know German or their diplomas are not recognized. This CEO knows it and he uses it as a business tool. To see someone from my country exploit migrant labor in this way is quite hurtful.


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GWSB Center examines plans to expand financial literacy – The GW Hatchet https://indiabusiness.info/gwsb-center-examines-plans-to-expand-financial-literacy-the-gw-hatchet/ https://indiabusiness.info/gwsb-center-examines-plans-to-expand-financial-literacy-the-gw-hatchet/#respond Thu, 07 Oct 2021 05:06:13 +0000 https://indiabusiness.info/gwsb-center-examines-plans-to-expand-financial-literacy-the-gw-hatchet/ Media credit: Grace Hromin | Main photo editor Andrea Hasler, deputy director of the center, said research data shows only a third of adults are financially literate. The School of Business’s Global Center of Excellence in Financial Literacy hosted a virtual panel on Monday on international inequalities between financial knowledge and skills as a center […]]]>

Media credit: Grace Hromin | Main photo editor

Andrea Hasler, deputy director of the center, said research data shows only a third of adults are financially literate.

The School of Business’s Global Center of Excellence in Financial Literacy hosted a virtual panel on Monday on international inequalities between financial knowledge and skills as a center popular its 10th anniversary.

Financial literacy experts presented GFLEC’s findings from a study that assessed how demographic groups faced different levels of financial illiteracy during the event, moderated by Fiona Zhu, Associate Director of Development at the School of Business. The experts also reviewed their mission to improve global financial literacy through the center, which was based in 2011 and aims to increase financial literacy through research, education, program development, and assistance in drafting U.S. and international policy.

Andrea Hasler, deputy director of GFLEC and assistant research professor in financial literacy, said only a third of adults have financial literacy in 148 countries, according to research data from the center. She said that in this population, women and minorities represent the smallest proportions of literate individuals.

She said her research also covered lower income levels and people without a graduate degree, who are also much less likely to have financial literacy. She said the US financial system is largely based on financial independence, which makes it especially essential for citizens to plan for their own financial security.

“It’s so important to make the right decisions so that you can live the life you want and have the freedom of choice,” Hasler said.

Mari Adam, a certified financial planner and GW alumnus, said she supports the inclusion of more financial education services that will last from college to college and target families at home. She said many young adults graduate without basic financial knowledge, like how to get a medical plan at their workplace or how to allocate their 401k, an employer-sponsored retirement account.

She said families need to start having “dining room” discussions about financial independence, expressing empathy and asking questions to develop solutions for the literacy gap.

“We are taught not to talk about sex, religion, not politics at the table, but the money shouldn’t be there,” Adam said. “There is nothing wrong with talking about money.

Kristen Burnell, Executive Director of GFLEC, said financial literacy research should reach “underserved” and vulnerable groups, and diversity should expand among education and career counseling services. financial literacy.

The center released a webpage last fall that offered suggestions and resources to help people manage their finances during the COVID-19 pandemic.

Burnell said GFLEC often leads the way in this area of ​​research and has raised awareness to add financial illiteracy to the agenda of policymakers, educators and private sector leaders over the past 10 years. She said GFLEC has encouraged other researchers to study financial literacy.

Elders can to contribute philanthropy, become GFLEC Ambassadors, or help share the organization’s work with others in the community to gain better financial literacy support.

“It’s a project of happiness, it’s about giving people choices – that if they have the financial knowledge to build their wealth and be more secure and resilient financially, they are in a better position to pursue their dreams.” , said Burnell.


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UPDATE 1-Biden to meet with America’s biggest banks and CEOs as debt limit chaos looms https://indiabusiness.info/update-1-biden-to-meet-with-americas-biggest-banks-and-ceos-as-debt-limit-chaos-looms/ https://indiabusiness.info/update-1-biden-to-meet-with-americas-biggest-banks-and-ceos-as-debt-limit-chaos-looms/#respond Wed, 06 Oct 2021 16:42:44 +0000 https://indiabusiness.info/update-1-biden-to-meet-with-americas-biggest-banks-and-ceos-as-debt-limit-chaos-looms/ (Updates with memo from the White House) By Steve Holland and Nandita Bose WASHINGTON, Oct.6 (Reuters) – U.S. President Joe Biden on Wednesday called bank and business executives to White House talks, as part of a strategy to pressure Congressional Republicans to quash ‘they are voting for an increase in the debt ceiling. The White […]]]>

(Updates with memo from the White House)

By Steve Holland and Nandita Bose

WASHINGTON, Oct.6 (Reuters) – U.S. President Joe Biden on Wednesday called bank and business executives to White House talks, as part of a strategy to pressure Congressional Republicans to quash ‘they are voting for an increase in the debt ceiling.

The White House said executives from JPMorgan Chase & Co, Intel Corp, Citigroup, Bank of America, Raytheon Technologies Corp, Nasdaq Inc and Deloitte will meet with Biden.

Biden plans to “detail the Republican obstruction that got us to this point,” according to a memo released by the White House. The head of AARP, a powerful lobby group for older Americans, will detail the impact on social programs for the elderly caused “by a Republican-created default and the resulting economic disaster,” said -he.

Republicans want Democrats to raise the debt ceiling using reconciliation, a process that does not require Republican votes; Democrats refused, saying Republicans should vote to increase the limit because the debt includes roughly $ 8 trillion in spending approved during Republican Donald Trump’s presidency.

A debt limit disagreement has grown between U.S. businesses and congressional Republicans traditionally aligned on economics.

A default on US debt would seriously damage the country’s credit rating, plunge the global financial system into turmoil, and pose a major risk https://www.reuters.com/world/us/what-watch-market -stress-us-debt- ceiling-deadline-near-2021-10-05 to the company’s stock prices.

Treasury Secretary Janet Yellen estimated that a US debt default could occur around Oct. 18 if Congress does not give the government additional borrowing authority beyond the current legal limit of $ 28.4 trillion. of dollars, which was re-imposed after the expiration of a two-year suspension in late July.

A coalition of groups representing investment firms and banks warned congressional leaders in a letter last week that a default would seriously damage financial markets.

“The failure of the United States of America to meet its obligations is not an option; we are counting on Congress to take the necessary action to tackle the debt ceiling, ”wrote Neil Bradley, executive vice president and director of policy at the United States Chamber of Commerce, said the larger group lobbying companies across the country.

The House spent $ 82 million on corporate lobbying in 2020, according to OpenSecrets, a research group that tracks political donations. Three-quarters of the House’s campaign contributions went to Republicans in 2020, the group found.

“I didn’t even know the House was there anymore,” Republican House Leader Kevin McCarthy told reporters on Wednesday when asked about the corporate group’s position. He said the lobby group would have no influence if Republicans won a majority in the congressional election next year. (Reporting by Steve Holland and Nandita Bose; Editing by Heather Timmons, Andrew Heavens and Howard Goller)


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Kiromic BioPharma announces the transition of its CFO https://indiabusiness.info/kiromic-biopharma-announces-the-transition-of-its-cfo/ https://indiabusiness.info/kiromic-biopharma-announces-the-transition-of-its-cfo/#respond Wed, 06 Oct 2021 02:13:00 +0000 https://indiabusiness.info/kiromic-biopharma-announces-the-transition-of-its-cfo/ HOUSTON – (COMMERCIAL THREAD) – Kiromic BioPharma, Inc. (NASDAQ: KRBP) (“Kiromic” or the “Company”), a preclinical biotechnology company using its owner DIAMOND® Artificial Intelligence (“AI”) Platform to Enhance Drug Discovery and Development with Therapeutic Focus on Immuno-Oncology, Announces Appointment of Daniel Clark as Interim Chief Financial Officer (“CFO”) , as of September 30, 2021. Former […]]]>

HOUSTON – (COMMERCIAL THREAD) – Kiromic BioPharma, Inc. (NASDAQ: KRBP) (“Kiromic” or the “Company”), a preclinical biotechnology company using its owner DIAMOND® Artificial Intelligence (“AI”) Platform to Enhance Drug Discovery and Development with Therapeutic Focus on Immuno-Oncology, Announces Appointment of Daniel Clark as Interim Chief Financial Officer (“CFO”) , as of September 30, 2021.

Former Kiromic CFO, Mr. Tony Tontat, resigned on September 29, 2021, effective immediately.

“It is natural to appoint Dan Clark as Interim Chief Financial Officer, having served as both Kiromic’s Vice President of Financial Operations and our Corporate Controller. Dan has a strong sense of finances and references, two critically important qualifications that I and the rest of our management team can attest to. We are delighted to appoint him to this position, ”said Maurizio Chiriva Internati, DBSc, PhDs, CEO, President and Founder of Kiromic BioPharma.

“I have enjoyed supporting our management team and board of directors since joining the company, and I am delighted to continue working alongside the team and overseeing the operation of the financial organization and Kiromic accountant. In addition, I look forward to facilitating the smooth transition of the permanent CFO whenever he is identified, ”said Mr. Clark.

Mr. Clark joined Kiromic in February 2020 and served as the company’s management controller until September 2021, when he was promoted to Vice President – Financial Operations. Prior to joining the firm, Mr. Clark was a Director at The Siegfried Group, a national accounting services firm, from June 2018 to February 2020. Prior to his employment with The Siegfried Group, Mr. Clark served as a consultant Principal – Office of the Chief Financial Officer. Solutions for FTI Consulting, a global financial consulting firm, from January 2017 to May 2018. Previously, Mr. Clark was Senior Associate – Audit at KPMG US, a member of the global accounting firm Big Four KPMG, from August 2011 to June 2015. Mr. Clark holds an MBA from Texas A&M University, Mays School of Business and a Bachelor of Science in Business Administration with specialization in Accounting from the University of Richmond, Robins School of Business. Mr. Clark is a Chartered Accountant in the State of Texas.

About Kiromic BioPharma

Kiromic BioPharma, Inc. is an AI-driven end-to-end CAR-T and gene therapy company developing the first multi-indication allogeneic CAR-T cell therapy, which harnesses the natural power of Gamma Delta T cells to target solid cancers.

Kiromic BioPharma, Inc. is focused on the discovery, development and commercialization of novel immuno-oncology applications through its strong product portfolio. The development of the pipeline is based on the Company’s proprietary target discovery engine called “DIAMOND”. Kiromic’s DIAMOND is the big data science that responds to target identification, dramatically compressing man-years and billions of dollars of drug development to develop a living drug. The Company has offices in Houston, Texas. For more information, please visit the company’s website at www.kirmic.com.


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Central banks lack tools to fight climate change – Nobel Prize winner https://indiabusiness.info/central-banks-lack-tools-to-fight-climate-change-nobel-prize-winner/ https://indiabusiness.info/central-banks-lack-tools-to-fight-climate-change-nobel-prize-winner/#respond Tue, 05 Oct 2021 13:44:00 +0000 https://indiabusiness.info/central-banks-lack-tools-to-fight-climate-change-nobel-prize-winner/ Central banks have limited climate toolkit, economist warns Should work to ensure that private banks can finance green investments Hansen won the Nobel Prize in Economics in 2013 LONDON, Oct. 5 (Reuters) – Central banks risk promising too much on how they can respond to challenges posed by climate change, warned a Nobel laureate in […]]]>
  • Central banks have limited climate toolkit, economist warns
  • Should work to ensure that private banks can finance green investments
  • Hansen won the Nobel Prize in Economics in 2013

LONDON, Oct. 5 (Reuters) – Central banks risk promising too much on how they can respond to challenges posed by climate change, warned a Nobel laureate in economics whose work questions the ability of models economy to cope with uncertainty.

University of Chicago economist Professor Lars Peter Hansen said he was particularly concerned about steps taken by major central banks around the world to stress test commercial banks’ exposure to climate risk.

Co-winner of the 2013 Nobel Prize for his work exploring the limits of economists’ efforts to understand risk and its implications, Hansen argued that policymakers tend to downplay the doubts they privately harbor about their shortcomings in matters. knowledge.

While acknowledging that fiscal policy such as carbon taxes or green technology subsidies can have an impact on reducing emissions, Hansen said the case was not proven for central bank tools ranging from monetary policy to banking supervision.

“Their toolbox is relatively limited and I’m concerned that they project the ability to do things… that they don’t have the power to do successfully,” Hansen said in a telephone interview.

He described the climate-focused stress tests as “a superficial attempt to solve a very difficult problem”, doubting that they could identify exposure to climate risk given the lack of past experience with it and the fact that such an exposure will be played on a range of variables. over as long as 30 years.

“We have to have more in common in the way we think about the problem if we are to have any kind of sensible regulation … on stress tests, they have really taken the plunge,” he told Reuters.

Among the main central banks, the Bank of England launched in June its first green stress tests of the main banks and insurers to assess their exposure to climate risks.

The European Central Bank will carry out stress tests on the climate risk exposure of euro area banks next year. The US Federal Reserve has so far asked lenders to explain how they mitigate these risks, but Fed Chairman Jerome Powell has said he would be open to some form of stress testing in the future. . Read more

THE RISK OF REPUTATION?

Hansen was also skeptical about whether central banks should shift their huge portfolios towards green assets such as low-issuance companies, saying he doubted they had the expertise or internal mandate to make such investments.

It was best to leave that to private banks, he argued, while central banks should focus on accessing appropriate financing, as well as working with the private sector and other actors to better understand. exposure to climate risks.

Part of the push for central banks to develop their climate policies could come from a growing sense of frustration within society that governments have so far failed to tackle rising carbon emissions, he suggested.

But he said there were risks for central banks to stray from their mandates to enter the arena of elected officials.

“Many central banks have done a good job overall in establishing a reputation for reliability vis-à-vis the tax authorities. They could have more to lose in terms of current reputation,” said Hansen.

Editing by Catherine Evans

Our standards: Thomson Reuters Trust Principles.


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Telo wins Securian Financial Award in MN Cup kickoff competition https://indiabusiness.info/telo-wins-securian-financial-award-in-mn-cup-kickoff-competition/ https://indiabusiness.info/telo-wins-securian-financial-award-in-mn-cup-kickoff-competition/#respond Mon, 04 Oct 2021 19:26:00 +0000 https://indiabusiness.info/telo-wins-securian-financial-award-in-mn-cup-kickoff-competition/ ST. PAUL, Minnesota – (COMMERCIAL THREAD) – Securian Financial granted $ 10,000 to Telo, a Minneapolis-based startup, as the 2021 recipient of a Securian Financial sponsored award for innovators working to improve and enrich the lives of families and whose ideas make it easier for family to come first. The award, launched in 2016, is […]]]>

ST. PAUL, Minnesota – (COMMERCIAL THREAD) – Securian Financial granted $ 10,000 to Telo, a Minneapolis-based startup, as the 2021 recipient of a Securian Financial sponsored award for innovators working to improve and enrich the lives of families and whose ideas make it easier for family to come first. The award, launched in 2016, is part of MN Cup, an annual statewide startup competition.

Telo develops the first significant innovation for the rollator in over 40 years. Although the most effective walking aid, walkers currently send more than 40,000 people to the emergency room each year because of their ability to “run away” from users, often causing falls.

Telo’s patent pending rollator features an inverted frame that prevents it from rolling forward. By placing the user in the center, the handles act as parallel bars, allowing users to take natural steps and maintain good walking habits. With built-in technology and a mobile app, Telo’s device tracks speed, distance and weight, allowing it to serve as an activity tracker for a population that cannot use traditional wearable devices on the wrist.

The MN Cup is an incredible gift to all of our community, and Securian Financial is proud to help develop and promote Minnesota as a thriving hub of innovation, ”said Sid Gandhi, Director of Securian Financial’s corporate strategy and technology. “This year we congratulate Telo on their innovative rollator which will improve mobility to a lot. We believe their product will improve the overall health and well-being of individuals and families with mobility challenges. ”

A diverse group of executives from Securian Financial representing multiple functions within the company selected Telo as this year’s winner after watching presentations from Telo and other finalists. All MN Cup winners were honored on Monday, September 20 at a reception held at the McNamara Alumni Center at the University of Minnesota.

ABOUT SECURIAN FINANCIAL

TO Securian Financial, we are here for the family. And we’re here because of it. We are guided by our goal: to help customers build a secure tomorrow. Since 1880, we’ve built a unique, diverse business that has survived economic ups and downs while remaining loyal to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what really matters: banking memories with those who matter most. .

Securian Financial is the trading name of Securian Financial Group, Inc. and its subsidiaries. Insurance products are issued by its insurance subsidiaries, including Minnesota Life Insurance Company and Securian Life Insurance Company, a licensed insurer in New York. Securities and investment advisory services offered by Securian Financial Services, Inc., registered investment advisor, FINRA / SIPC member.

DOFU 10-2021

1858335


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Reaching Pre-Pandemic Levels, ‘Venom’ Debuts $ 90.1 Million | Business and finance https://indiabusiness.info/reaching-pre-pandemic-levels-venom-debuts-90-1-million-business-and-finance/ https://indiabusiness.info/reaching-pre-pandemic-levels-venom-debuts-90-1-million-business-and-finance/#respond Sun, 03 Oct 2021 20:03:18 +0000 https://indiabusiness.info/reaching-pre-pandemic-levels-venom-debuts-90-1-million-business-and-finance/ NEW YORK (AP) – Pandemic cinema is finally starting to look like pre-pandemic cinema. Sony Pictures’ Marvel Sequel “Venom: let there be carnage” blew expectations for its debut with $ 90.1 million in ticket sales, easily making it the best opening in the pandemic, according to studio estimates on Sunday. “Venom: Let There Be Carnage” […]]]>

NEW YORK (AP) – Pandemic cinema is finally starting to look like pre-pandemic cinema. Sony Pictures’ Marvel Sequel “Venom: let there be carnage” blew expectations for its debut with $ 90.1 million in ticket sales, easily making it the best opening in the pandemic, according to studio estimates on Sunday.

“Venom: Let There Be Carnage” was due to open with nearly half that total. But the film, which is released exclusively in theaters, even surpassed the debut of the 2018 original. “Venom,” the offshoot of “Spider-Man” that introduced Tom Hardy’s parasitic alien symbiote, launched with $ 80.3 million. Only the 2019 “Joker” ($ 96.2 million) opened bigger in October.

The result – with strong international sales for the James Bond film “No time to die” – was the best news for movie theaters in over 18 months.

“With apologies to Mr. Twain: The death of films has been greatly exaggerated,” Tom Rothman, president and CEO of Sony Pictures’ Motion Picture Group, said in a statement.

MGM’s “Let There Be Carnage” and “No Time to Die” were originally scheduled to open last year. Believing the best box office comeback would come with an exclusive theatrical release, both studios (neither of which have major streaming platforms) have withstood better cinema conditions. Over the weekend, their wait was rewarded.

“No Time to Die,” which opens in North America on Friday, launched with $ 119.1 million in 54 foreign markets. The pace, according to MGM and Universal Pictures (which owns many international rights), was roughly in line with the opening of “Fall from the Sky. After its London premiere last week,“ No Time to Die ”- the 25th Bond film and Daniel Craig’s latest outing as a super spy – grossed $ 25.6million in the UK and Ireland. Its $ 11.4million on Saturday had the best day at the box – office for any Bond film in its own territory.

Prior to “Let There Be Carnage”, the main pandemic overtures had been Walt Disney’s “Black Widow” ($ 80 million), “Shang-Chi and the Legend of the Ten Rings” ($ 75 million) and “Fast and Furious. Universal Pictures’ Suite ‘F9’ ($ 70 million). ‘Black Widow’ launched simultaneously in homes, prompting trial of star Scarlett Johansson which was settled last week. “Shang-Chi”, “F9” and “Let There Be Carnage” only made their theatrical debuts.

“Movies can only become cultural when people see them together on the biggest and best screens and have that experience as a group,” said Josh Greenstein, president of Sony Motion Pictures Group. “You cannot reproduce this on your own at home.”

After many delays, Sony has finally brought forward the release of the sequel to “Venom”, directed by Andy Serkis and starring Woody Harrelson as the foe of Venom Carnage, by two weeks. Abroad, he also added $ 13.8 million in Russia.

“We have seen the health of ‘Shang-Chi’ and it has given us confidence that when the product is there, the box office will return,” said Adrian Smith, Sony’s head of distribution. “It’s very encouraging to see the demand for theatricality.”

Not everything bounces back in theaters and quickly like the Marvel movies and the biggest brands. Family outings are still in slow motion, as are ticket sales in arthouse cinemas. Older audiences and families with unvaccinated children were more cautious.

“The Addams Family 2”, an animated sequel to MGM and United Artists Releasing, opened with $ 18 million despite terrible reviews (27% fresh on Rotten Tomatoes) from critics. The film, a sequel to the 2019 cartoon reboot, was released simultaneously on video-on-demand.

“The Many Saints of Newark”, the long-standing prequel to “The Sopranos,” failed. The film, co-written by The creator of the “Sopranos” David Chase and takes place decades before HBO’s flagship series, which opened with $ 5 million. The film, like all of Warner Bros. in 2021, also aired on HBO Max for subscribers – a practice some filmmakers, including Chase, have denounced. The studio has pledged to return to exclusive theatrical windows in 2022.

But movie shows, especially those that particularly appeal to young men, drove an even larger share of theatrical releases this year. Marvel’s “Shang-Chi”, the studio’s first film directed by an Asian superhero, dominated last month in theaters. It had been the # 1 movie for four straight weeks. “Shang-Chi” this weekend became the first film to surpass $ 200 million nationally, with a cumulative total of $ 206.1 million in the United States and Canada, and $ 386.9 million in the world

Large format screens are also helping to stimulate the recovery. With $ 30 million in global sales, IMAX had its best October weekend ever. Megan Colligan, president of IMAX Entertainment, called it proof of “what today’s box office is capable of.”

“The perception may be that these films are outperforming,” said Colligan, “but the reality is that a lot of people underestimate how excited global consumers are about returning to the movies.”

Estimated Friday-Sunday ticket sales at US and Canadian theaters, according to Comscore. Final national figures will be released on Monday.

1. “Venom: Let There Be Carnage”, $ 90.1 million

2. “The Addams Family 2”, $ 18 million

3. “Shang-Chi and the Legend of the Ten Rings”, $ 6 million

4. “The Many Saints of Newark”, $ 5 million

5. “Dear Evan Hansen”, $ 2.5 million

6. “Free boy”, $ 2.28 million

7. “Candyman”, $ 1.2 million

8. “Jungle Cruise”, $ 680,000

9. “The Music of Jesus”, $ 560,000

10. “Titanium”, $ 516,000

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Economy of the country: an expert paints a grim picture – business & finance https://indiabusiness.info/economy-of-the-country-an-expert-paints-a-grim-picture-business-finance/ https://indiabusiness.info/economy-of-the-country-an-expert-paints-a-grim-picture-business-finance/#respond Sat, 02 Oct 2021 23:16:28 +0000 https://indiabusiness.info/economy-of-the-country-an-expert-paints-a-grim-picture-business-finance/ KARACHI: We are quickly rushing towards “a broken economy” with a severe financial crisis and mass unemployment. A broken economy is where inflation and interest rates continually move upward, said Ateeq Ur Rehman, economic and financial analyst. Due to the high cost of borrowing, it is difficult for an ordinary man to add funds to […]]]>

KARACHI: We are quickly rushing towards “a broken economy” with a severe financial crisis and mass unemployment. A broken economy is where inflation and interest rates continually move upward, said Ateeq Ur Rehman, economic and financial analyst.

Due to the high cost of borrowing, it is difficult for an ordinary man to add funds to his business or entity for expansion or to create a margin to fight inflation. Microfinancing through banks is unbearable, he said.

Millions of households are struggling to make ends meet and are being crushed due to the Covid pandemic, high energy prices, currency devaluation, rising gas and POL products, etc. It is an endless continuous apathy.

He said locally, to manage the business we borrow persistently. Our external debt is historically high now, reaching nearly $ 122.5 billion, almost an increase of $ 26 billion over the past 3 years. This directly affects the momentum of economic stability and, therefore, brings a dominant effect on an ordinary man, Ateeq said.

In addition, the trade gap is widening day by day with a big difference between imports and exports. We received nearly $ 70 billion for importing commodities such as POL products, coal, industrial raw materials, agricultural products, etc. Considering that exports are less than 25 billion dollars; if not, we can diversify and focus on exports of IT, textiles, medicine, poultry, dairy, seafood, rice, fruit, leather goods, salt, marble, products surgeries, motorcycles, furniture, etc.

He added that hikes in electricity, gas and oil tariffs without addressing the far-reaching consequences will not work. The government must carefully consider the proposals before making its final decision, as this will have a fairly profound impact on the vast majority of the population and not on a limited number of them.

Copyright Business Recorder, 2021


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Best free personal finance and budget program https://indiabusiness.info/best-free-personal-finance-and-budget-program/ https://indiabusiness.info/best-free-personal-finance-and-budget-program/#respond Sat, 02 Oct 2021 10:09:16 +0000 https://indiabusiness.info/best-free-personal-finance-and-budget-program/ If you’ve never budgeted before, this can seem like a Herculean task. It’s a place where the right software can make all the difference. Instead of creating spreadsheets or relying on pen and paper, you can use a tool developed with someone like you in mind: someone who wants to be on top of their […]]]>

If you’ve never budgeted before, this can seem like a Herculean task. It’s a place where the right software can make all the difference.

Instead of creating spreadsheets or relying on pen and paper, you can use a tool developed with someone like you in mind: someone who wants to be on top of their finances without all the pain of hard-to-use software and endless Excel documents.

So how do you start the journey to financial well-being? For your personal life, we recommend you to use the free software mint app and website. When it comes to your business, we recommend NetSuite, a sponsor of Kim’s National Radio Show. Read on for the reasons we love them both, and you’ll love it, too.

What is mint?

Intuit’s Mint is a web-based personal budgeting program available for desktop use or as an app for Android and iOS. In addition to letting you view all of your accounts including banks, credit cards, loans, and investments in one place, Mint has several other features:

  • Budget maker with alerts
  • Track bill payments
  • Track financial goals
  • Ways to save money
  • Free credit score

During setup, you will need to enter the details of each account you want to include in your Mint records. Concerned about the security of your information? Mint uses two-factor authentication in addition to password protection, keeping your financial data protected.

Budgeting with Mint

When it comes to creating a budget and keeping track of expenses, Mint outperforms its competition. Once you’ve downloaded and synced your transactions and entered your expenses, Mint will place them into predefined categories.

If necessary, you can create subcategories. Using Mint’s Budget Tracker will help you keep tabs on your income and expenses to avoid going over budget.

Budget alerts – With Mint’s Budget Alerts, you can avoid unnecessary charges. In addition to letting you know when your balances are low or large or suspicious transactions occur, Mint will let you know how much you are spending on ATM fees, send you bill reminders, and let you know if you go over budget.

Track bill payments– Managing and paying your monthly bills through a variety of sites and apps can be time consuming. You can eliminate this hassle by scheduling payment for all your expenses through Mint. Payment Tracker will alert you when your invoices are due to avoid late fees or penalties.

Want to see a graphical breakdown of categories including expenses, assets or net worth among others? Mint can produce charts with optional filters to help you visualize your finances.

Achieve goals with mint

Whether you’re looking to pay off debt, buy a home, save for your dream retirement, education, or vacation, Mint will make it easier to achieve your financial goals. After choosing your desired goal, Mint will ask you a few questions specific to that goal and show you how much you need to contribute monthly to reach your goal.

Ways to save money with Mint

Are you looking for ways to save money? No need to scour the Internet for the right banking, investing, insurance, or loan options when Mint connects you with providers of these services. Additionally, you can check your credit score and read tips on how to improve it through the Mint website or app.

From the convenience of managing all of your finances in one program to the wide selection of features Mint offers, taking control of your finances has never been easier. I have no doubts that once you use Mint you will understand why it is rated as the best by its over 15 million users.

The Mint app is free for Android and iOS. Tap or click here for iOS. Tap or click here for Android.

The best option for your business

If you are running a business, you need the right software. Tired of QuickBooks?

It’s there that NetSuite It’s the # 1 cloud enterprise system in the world for good reason. If you get bogged down in spreadsheets stored locally on your computer, you’ll love that you can access all of your data in one place, whenever you want.

It is much more than just accounting software. NetSuite gives you visibility and control over your finances, human resources, inventory, e-commerce and more, all in one place, instantly. Whether you make a million or hundreds of millions in income, you can save time and money with NetSuite.

Stop paying for multiple systems that don’t give you the information you need when you need it. Ditch spreadsheets and all the old software that you outdated. Now is the time to switch to NetSuite.

See it in action for yourself -> See you on Netsuite.com/kim and get a free guided tour of the product.


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Manitowoc Completes Acquisition of Crane Business from H&E Equipment Services, Inc. https://indiabusiness.info/manitowoc-completes-acquisition-of-crane-business-from-he-equipment-services-inc/ https://indiabusiness.info/manitowoc-completes-acquisition-of-crane-business-from-he-equipment-services-inc/#respond Fri, 01 Oct 2021 20:05:00 +0000 https://indiabusiness.info/manitowoc-completes-acquisition-of-crane-business-from-he-equipment-services-inc/ MILWAUKEE, October 01, 2021– (COMMERCIAL THREAD) – The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), one of the world’s leading manufacturers of cranes and lifting solutions, announced the completion of the acquisition of the crane business of H&E Equipment Services, Inc. (“H&E”) (NASDAQ: HEES), one of the largest equipment rental companies in the […]]]>

MILWAUKEE, October 01, 2021– (COMMERCIAL THREAD) – The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), one of the world’s leading manufacturers of cranes and lifting solutions, announced the completion of the acquisition of the crane business of H&E Equipment Services, Inc. (“H&E”) (NASDAQ: HEES), one of the largest equipment rental companies in the United States, for approximately $ 130 million, subject to finalization net working capital and other transaction adjustments.

“We are delighted to welcome the H&E crane team to the Manitowoc family. The acquisition of the H&E cranes business advances our strategy to expand our aftermarket business into a large geographic area. The cranes business will be operated under our new wholly owned subsidiary, MGX Equipment Services, LLC. Together, we are in a better position to continue to provide industry-leading products and support to our customers while increasing shareholder value, ”commented Aaron H. Ravenscroft, President and CEO of The Manitowoc Company, Inc.

MGX Equipment Services, LLC (“MGX”) will expand Manitowoc’s ability to provide new sales, used sales, spare parts, service and crane financing options to a variety of end-market customers. MGX, along with the previously announced acquisition of Aspen Equipment Company, includes fourteen full-service branches as well as field service technicians who provide industry-leading technical skills and exceptional customer support.

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. was founded in 1902 and has over 118 years of tradition of providing high quality, customer-focused support products and services to its markets. Manitowoc is one of the world’s leading providers of technical lifting solutions. Manitowoc, through its wholly owned subsidiaries, designs, manufactures, markets and supports complete product lines of mobile telescopic cranes, lattice boom crawler cranes, boom trucks, tower cranes and industrial cranes under the Aspen Equipment, Grove, Manitowoc, MGX Marques Equipment Services, National Crane, Potain and Shuttlelift brands.

Forward-looking statements

This press release includes “forward-looking statements” intended to benefit the safe harbor of liability under the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations of the management of the Company and are subject to uncertainty and changes in circumstances. Forward-looking statements include, without limitation, statements generally containing words such as “intentions”, “expects”, “anticipates”, “targets”, “estimates” and words of similar importance. By their nature, forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties as they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. Factors that could cause results to differ materially from actual developments include, among others:

  • The negative impacts COVID-19 has had and will continue to have on Manitowoc’s business, financial condition, cash flow, results of operations and supply chain, as well as on customer demand ( including uncertain future impacts);

  • actions of competitors;

  • changes in general economic or industrial conditions or in the markets served by Manitowoc;

  • unforeseen changes in customer demand, including changes in the global demand for high capacity lifting equipment, changes in the demand for lifting equipment in emerging economies and changes in the demand for lifting equipment used lifting;

  • changes in the prices of raw materials and raw materials;

  • geographic factors and political and economic conditions and risks;

  • the ability to complete and appropriately integrate acquisitions, divestitures, strategic alliances, joint ventures or other material transactions;

  • the ability to capitalize on key strategic opportunities and the ability to execute Manitowoc’s long-term initiatives;

  • government approval and funding of projects and the effect of government related issues or developments;

  • unforeseen changes in capital and financial markets;

  • unforeseen changes in revenues, margins and costs;

  • risks and factors detailed in Manitowoc’s 2020 Annual Report on Form 10-K and its other filings with the United States Securities and Exchange Commission.

Manitowoc assumes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements speak only as of the date on which they are made. Information about potential factors that could affect the Company’s actual operating results is included in its filings with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K for the fiscal year ended December 31, 2020.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211001005684/en/

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