In recent years, the global investment landscape has witnessed a significant shift towards sustainability. Investors are increasingly prioritizing environmental, social, and governance (ESG) factors in their decision-making processes, recognizing the importance of aligning financial returns with positive social and environmental impact. As we look ahead, several sustainable investment trends are poised to shape the future of finance and drive positive change across industries.

1. ESG Integration: One of the most notable trends in sustainable investing is the integration of ESG factors into traditional investment strategies. Investors are recognizing that considering ESG criteria alongside financial metrics can enhance risk management, identify opportunities for long-term value creation, and contribute to more resilient portfolios.
2. Impact Investing: Impact investing involves allocating capital to projects, companies, or funds with the intention of generating measurable social or environmental impact alongside financial returns. From renewable energy projects to affordable housing initiatives, impact investors are driving positive change by directing capital towards solutions to pressing global challenges.
3. Climate Finance: With the growing urgency of addressing climate change, climate finance has emerged as a key focus area for sustainable investors. This includes investments in renewable energy, energy efficiency, carbon capture and storage, sustainable agriculture, and other climate mitigation and adaptation solutions. Climate finance plays a crucial role in accelerating the transition to a low-carbon economy and building climate resilience.
4. Sustainable Infrastructure: Investments in sustainable infrastructure are essential for supporting economic development while minimizing environmental impact. This includes projects related to renewable energy, clean transportation, water and sanitation, green buildings, and resilient urban infrastructure. Sustainable infrastructure investments not only address critical infrastructure needs but also create jobs and promote inclusive growth.
5. Socially Responsible Investing (SRI): Socially responsible investing involves considering ethical, social, and governance criteria when making investment decisions. This may include avoiding investments in industries such as tobacco, weapons, or fossil fuels, as well as actively seeking out companies with strong records on diversity and inclusion, labor practices, and community engagement.
6. Corporate Sustainability: Companies are increasingly recognizing the importance of integrating sustainability into their business strategies to remain competitive and attract investment. This includes commitments to reducing carbon emissions, enhancing supply chain transparency, promoting diversity and inclusion, and engaging with stakeholders on environmental and social issues. Investors are increasingly scrutinizing companies' sustainability performance and integrating this information into their investment decisions.
7. Sustainable Finance Innovation: The rise of sustainable finance innovation is enabling new approaches to mobilizing capital for sustainable development. This includes green bonds, social bonds, sustainability-linked loans, and other financial instruments designed to channel capital towards environmentally and socially beneficial projects. Financial innovation plays a crucial role in scaling up investment in sustainability and unlocking new sources of capital.
8. Stakeholder Engagement: Engaging with companies and other stakeholders on sustainability issues is becoming increasingly important for investors seeking to drive positive change. Shareholder advocacy, dialogue with company management, and participation in collaborative initiatives are all strategies employed by investors to encourage companies to improve their sustainability performance and disclosure.
9. Regulatory Developments: Regulatory initiatives aimed at promoting sustainability and responsible investing are gaining momentum around the world. From mandatory ESG disclosure requirements to tax incentives for sustainable investments, policymakers are playing an increasingly active role in shaping the sustainable investment landscape. Regulatory developments can create incentives for investors and companies to integrate sustainability into their decision-making processes.
10. Education and Awareness: Finally, education and awareness play a crucial role in driving sustainable investment trends. Investors are increasingly seeking information and resources to better understand the environmental and social impacts of their investments and make informed decisions. This includes initiatives to increase transparency, improve data quality, and raise awareness about the importance of sustainability in finance.

Sustainable investment trends are reshaping the future of finance and driving positive change across the global economy. From ESG integration to impact investing, climate finance, and corporate sustainability, investors are embracing new approaches to align financial interests with environmental and social objectives. As these trends continue to evolve, they have the potential to transform the way capital is allocated, businesses are managed, and societies are shaped, ultimately contributing to a more sustainable and inclusive future for all.

The world of cryptocurrency is abuzz with anticipation as Bitcoin, the pioneering digital currency, undergoes a significant event known as "halving." This process, ingrained in Bitcoin's protocol, serves to control the rate at which new bitcoins are created and, in turn, impacts its scarcity. With experts predicting that this event could elevate it to a status even rarer than gold, the implications are profound and far-reaching.

Understanding Bitcoin Halving

It operates on a decentralized network, governed by a set of rules embedded in its code. One of these rules dictates that the reward for miners who validate transactions and secure the network is reduced by half approximately every four years, or after every 210,000 blocks mined. This phenomenon is aptly termed "halving," as it halves the rate at which new bitcoins are generated.

The most recent halving occurred in May 2020, marking the third such event since it inception in 2009. Following this event, the block reward decreased from 12.5 bitcoins to 6.25 bitcoins. This reduction in supply has historically been associated with a surge in Bitcoin's value, as the decreased influx of new coins accentuates its scarcity.

Bitcoin vs. Gold: A Comparison in Rarity

Gold has long been revered for its scarcity and intrinsic value, serving as a store of wealth for millennia. However, it enthusiasts argue that the digital currency possesses unique properties that could elevate its scarcity beyond that of gold.

While gold's scarcity is primarily driven by physical constraints and the difficulty of mining and extraction, it's scarcity is algorithmically programmed into its protocol. The total supply of Bitcoin is capped at 21 million coins, a limit that cannot be altered or manipulated by any central authority.

Moreover, it divisibility allows for transactions in fractions of a bitcoin, making it more accessible and adaptable than gold. With its borderless and censorship-resistant nature, it has the potential to transcend geographical and regulatory barriers, further enhancing its utility and desirability as a store of value.

Implications for the Future of Finance

The prospect of it surpassing gold in rarity has profound implications for the future of finance and global economics. As central banks around the world grapple with unprecedented levels of monetary stimulus and inflationary pressures, investors are increasingly seeking alternative stores of value to preserve their wealth.

With its finite supply and decentralized nature, presents a compelling alternative to traditional fiat currencies and commodities. Its deflationary monetary policy stands in stark contrast to the inflationary practices of central banks, offering a hedge against currency debasement and economic instability.

Moreover, the digitization of assets and the growing acceptance of cryptocurrencies by mainstream financial institutions are driving adoption and legitimizing Bitcoin as a legitimate asset class. Institutional investors, including hedge funds and corporations, are allocating significant capital to it as part of their investment strategies, further fueling its ascent.

Challenges and Considerations

Despite its growing prominence, it faces a myriad of challenges and criticisms. Concerns surrounding regulatory uncertainty, volatility, and scalability continue to linger, posing obstacles to its widespread adoption and acceptance.

Moreover, skeptics question it's intrinsic value and liken its meteoric rise to speculative bubbles of the past. The absence of physical backing and the reliance on technology also introduce vulnerabilities, such as the risk of hacking and cybersecurity breaches.

Conclusion

As it undergoes its latest halving event, the digital currency finds itself at a pivotal moment in its evolution. With the potential to surpass gold in rarity and emerge as a dominant store of value in the digital age, it represents a paradigm shift in the way we perceive and interact with money.

While challenges and uncertainties remain, the growing acceptance and adoption of its signal a profound shift in global finance. Whether it ultimately fulfills its potential as a digital gold remains to be seen, but one thing is clear: the era of cryptocurrencies has only just begun, and the implications are nothing short of revolutionary.

SpiceJet attributed its profitable outcome of ₹205 crore to the robust demand for air travel within India. The airline's total operating revenue for the quarter amounted to ₹2,002 crore, a decline from ₹2,457 crore registered in the corresponding quarter of the previous year.

Operating expenses for the first quarter of this fiscal year reduced to ₹1,291 crore, compared to ₹2,072 crore during the same period in the preceding year.

Ajay Singh, Chairman and Managing Director of SpiceJet, expressed satisfaction with the airline's performance despite facing various challenges. Singh underlined his contribution of ₹500 crore to the company, which aids in revitalizing grounded aircraft.

SpiceJet's logistical arm, SpiceXpress and Logistics Pvt Ltd, was established as a separate entity effective April 1. This strategic move bolstered SpiceJet's net worth by ₹2,557 crore, exhibiting a 25% positive variance from the previous figure of negative ₹4,228 crore.

During the fourth quarter of the fiscal year ending March 2023, the airline posted a net profit of ₹17 crore, a substantial improvement from the net loss of ₹458 crore incurred in the same period the previous year.

In afternoon trading on the Bombay Stock Exchange (BSE), the airline's shares surged by 3.87%, reaching ₹32.77.

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Despite these recent closures, Pat Goodwin, the president of the community revitalization committee, maintains a positive outlook on the situation. He points out that the current state of affairs doesn't diminish the significant strides made in recent years.

Reflecting on the dynamic landscape, Goodwin stated, "Looking back five or ten years, the prospect of having a dozen businesses in the 12 Points vicinity, even with a few closures or relocations, would have been a cause for celebration. The fact that we're experiencing such robust business development is an achievement in itself. Fluctuation is inevitable in small businesses, and that's part of the natural evolution."

He revealed that a waiting list exists for entrepreneurs eager to establish their ventures in the area. Goodwin elaborated, "One positive aspect is that the property owners are doing their part; there's consistent demand for these spaces. As soon as one becomes available, it gets swiftly occupied."

The community is engaged in an ongoing endeavor to balance the preservation of its historical character with the creation of a fertile ground for future business endeavors.

"Our current challenge lies in addressing property owners who are hesitant to renovate or sell their properties. Our hope is that these property owners will find motivation to either enhance their buildings or pass them on to those who will," Goodwin shared.

Despite recent setbacks, the 12 Points neighborhood remains committed to nurturing its heritage while cultivating an environment conducive to prospective business owners.

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ITC Aims for Future Growth as Hotels Specialist Following Demerger: CMD Sanjiv Puri

In a recent announcement, ITC's Chairman and Managing Director, Sanjiv Puri, revealed that the proposed reorganization involving the demerger of the hotel business is strategically designed to position ITC as a dedicated hotels entity, poised for substantial growth. Puri emphasized that the forthcoming entity will boast a robust balance sheet and a promising pipeline of opportunities, particularly as the hospitality industry anticipates a period of strong expansion.

During the 112th Annual General Meeting, Puri emphasized that ITC's ongoing commitment to the demerged entity will not only ensure long-term stability but will also instill confidence among partners, investors, and employees. This synergy will enable the newly formed entity to harness ITC's institutional strengths, encompassing its esteemed reputation, world-class brands, and effective governance processes.

Last month, ITC Limited's Board granted preliminary approval for the demerger of the hotels business, as part of a carefully structured scheme of arrangement. The company underlined that it would maintain approximately a 40 percent stake in the new entity, while the remaining ownership would be distributed directly to ITC's shareholders, proportionate to their existing holdings.

ITC Hotels currently boasts an impressive portfolio of over 120 hotels spanning 70 locations, featuring six distinct brands including ITC Hotels, Mementos, Welcomhotel, Storii, Fortune, and WelcomHeritage. The hotel business accounted for about 4 percent of ITC's total revenue and 2 percent of EBIT in the fiscal year 2023.

CMD Puri further elaborated that the demerged entity will have an arrangement akin to royalties for the use of other ITC brands and assets, thus ensuring the cohesion of the wider ITC ecosystem. He highlighted that ITC will not only maintain its investment in the hotels business but will also leverage synergies for its foods vertical from the newly formed entity. The strengthened balance sheet of the hotel entity, coupled with its debt-free status, will empower it to explore various avenues for capital generation, including debt, equity, or strategic investment.

ITC's hotel business has demonstrated robust growth, with a 12 percent compound annual growth rate (CAGR) in revenue over the fiscal years 2020 to 2023. Notably, the segment achieved an all-time high EBITDA margin of 32.2 percent in FY23, supported by healthy occupancy rates of 70 percent and peak average room rates. The company highlighted that the revenue in this segment doubled over FY22, reaching 1.4 times the pre-pandemic levels.

As of the current trading status, ITC's share price is at Rs 446.00, experiencing a 1.10 percent decline today. The shares closed at Rs 451.75 on the previous day, reflecting a 3-month return of 7.46 percent. The average trading volume over the past 7 days stood at 8,552,852 shares. ITC remains committed to its strategic vision and anticipates the demerger to pave the way for a promising era of growth and value creation within its hotels business.

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Escalent, a renowned human behavior consultant and analyst, has unveiled its 2023 Utility Trusted Brand & Customer Engagement study results, and Seattle City Light stands out as a standout performer. The study, which scrutinized the performance of the 81 largest gas, electric, and combined utilities in the United States, has recognized Seattle City Light for its exceptional dedication and service.

Amid stiff competition, Seattle City Light has secured the top spot in the western region, and is among an elite group of 15 companies nationwide to earn the coveted Trusted Business Partner designation for 2023. This accolade is a testament to the remarkable efforts of our Business Client Services team, which consistently goes above and beyond to provide comprehensive support to our valued commercial and industrial clients.

Sandra Ball, the Services Manager of Business Client, expressed pride in the achievements of the dedicated customer service team. Their proactive approach, she noted, has not only helped clients navigate their billing inquiries but has also aided in understanding their unique energy requirements, all within the dynamic landscape of today's economy.

The criteria for the Trusted Business Partner designation were stringent, requiring brand trust index scores to fall within the top 10% of the industry, achieve the highest score within the relevant benchmark segment, or maintain an index score of brand trust within 20 points of the leading benchmark segment while surpassing the industry average. Notably, Trusted Business Partners scored an impressive 46 points above the industry norm.

Suzanne Haggerty, Director of Joint Research with the Energy team at Escalent, highlighted the significance of the Trusted Business Partners of 2023. These partners, she stated, exemplify a fundamental goal of highly engaged companies – the establishment of strategic partnerships that aid businesses in pursuing savings, sustainability endeavors, environmental aspirations, and a robust presence as active and valuable members of the local business community.

Seattle City Light, a community-owned nonprofit utility, takes immense pride in its role as a power provider for Seattle and neighboring municipalities. Our unwavering focus remains squarely on our customers, and we are committed to continuous enhancement of our operations and empowerment of our communities. The trust our customers bestow upon us is a humbling affirmation of our services, and we are determined to exceed their expectations at every turn.

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Upon Ruvin Dholakia's return from his educational pursuits in the United States, his grandfather, Savji Dholakia, deemed it crucial for him to comprehend the daily challenges faced by their workforce. This aspiration led to Ruvin's journey to Chennai, where Savji believed that real-life experiences could outshine the teachings of any business school.

Ruvin Dholakia's phone was temporarily relinquished, and he was provided with a modest allowance of Rs 6,000 for unforeseen circumstances.

Embarking on a diverse range of roles, Ruvin first served as a salesperson at a garment store for nine days, followed by an eight-day stint at an eatery, and then worked for another nine days at a watch outlet. Additionally, he spent two days as a laborer.

His compensation for these efforts was a mere Rs 200 per day, and his perseverance was tested with a total of 200 rejections. Despite the challenges, he managed to accumulate a tip of Rs 27, ultimately amassing Rs 8,600 in earnings.

Savji Dholakia's lineage links to his brother, Savjibhai, and he was born into a farmer's family in Amerli. Departing from formal education at the age of 13, he delved into his uncle's diamond enterprise in Surat, later establishing his own diamond business alongside his siblings in 1984. By 2014, their enterprise employed a workforce of 6,500 individuals.

In recognition of his contributions, Dholakia was honored with the prestigious Padma Shri award by the Government of India in 2022.

Year after year, Dholakia remains in the spotlight for his opulent Diwali offerings to his employees. His generous gestures have included the gifting of 400 flats and 1,260 cars as Diwali bonuses to his dedicated staff.

Surpassing Rs 50 crore in annual incentives, Dholakia's offerings extend to cars and fixed deposits during the festive season. These lavish rewards are designed to acknowledge and motivate employees who meet their performance targets, often including jewelry as part of the package.

Elaborating on his philosophy, Dholakia once expressed, "Acquiring one's first car marks a significant milestone in anyone's life. Granting it as an incentive inspires my workforce to excel, enhancing their lifestyles and bringing joy to their families. Ultimately, this symbiotic relationship benefits both the employees and the company."

This heartwarming tale sheds light on Dholakia's commitment to nurturing his workforce and imparting valuable life lessons to the next generation, transcending mere business success.

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The Ginteja WealthBuddy App revolutionizes the landscape for insurance professionals by offering a centralized platform for accessing a diverse array of insurance policies, ranging from car insurance and health insurance to bike insurance and life insurance. The app also serves as a crucial resource for WealthBuddies, providing helpline numbers and expert support to enhance their client servicing capabilities.

Mr. Keshav Beriwala, Director and Founder of Ginteja, emphasized, "We view our WealthBuddies as more than just agents; they are guardians and stewards of our customers' wealth. Hence, we've aptly named them 'WealthBuddies.' The Ginteja WealthBuddy App is meticulously designed to empower them with financial independence, enabling them to operate as entrepreneurs on their own terms."

At the core of Ginteja's ethos lies the motto "Insurance Sahi Hai!"—a pledge to make the right insurance policies affordable and accessible to all Indians, debunking prevalent misconceptions about insurance. The platform acts as a bridge, connecting trained WealthBuddies with customers and fostering awareness about the indispensable need for insurance planning.

Ms. Saloni Mittal, Director and Co-founder of Ginteja, underscored the company's mission: "Ginteja is committed to prioritizing the requirements of customers, safeguarding families from the pitfalls of inadequate insurance planning. Our goal is to transform the discourse surrounding insurance and advocate for responsible insurance practices."

The launch event of the Ginteja WealthBuddy App in Kolkata, West Bengal, generated substantial enthusiasm among agents and industry insiders. The event marked the emergence of Ginteja as a prominent player from East India, signifying the company's aspirations to create a lasting imprint on India's digital insurance landscape.

With strong collaborations established with over 30 leading insurance firms, Ginteja remains steadfast in fulfilling its commitment to delivering genuine and dependable insurance products and services through its digital platform.

The founders envisage Ginteja's trajectory toward becoming the premier distribution platform in East India by year-end, followed by expansion into other regions of the country. With ambitious goals in mind, the Ginteja WealthBuddy App is poised to amplify insurance penetration nationwide, simultaneously empowering WealthBuddies and customers alike.

About Ginteja: Founded in 2021 in Kolkata by visionary entrepreneurs Mr. Keshav Beriwala and Ms. Saloni Mittal, Ginteja emerged from the esteemed University of California, Berkeley. The company's mission centers around simplifying digital insurance distribution, ensuring authenticity and convenience for customers. The motto "Insurance Sahi Hai!" encapsulates Ginteja's unwavering dedication to offering customers dependable and fitting insurance solutions. Equipped with a robust network of 30+ top-tier insurance partners, Ginteja stands poised to drive transformative change within India's digital insurance distribution sector.

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1. Revolutionizing Business Automation

What's the secret? With a few simple queries about their enterprise, users can generate website content and landing pages within minutes. This user-friendly platform empowers even web design novices to create a strong online presence.

Founded by Birmingham's very own Mike Black and his partner Craig Key, ROB has revolutionized the digital footprint of over 500 small businesses.

2. Moss: Reshaping Childcare

Moxi delivers on-demand daycare by collaborating with reputable daycares and their existing patrons, offering unused daycare slots through Moxi at a reasonable daily rate.

Founder Cori Fain shared the inspiration behind launching Moxi in a recent LinkedIn post.

3. IN8bio: Pioneering Cancer Research

The latest addition to Pepper Place's Martin Biscuit Building is IN8bio, a lab dedicated to cancer research and development.

What's the scoop? IN8bio is a biotech firm dedicated to advancing cellular therapies for cancer, rooted in groundbreaking research conducted at UAB and other institutions across the Southeast.

CEO and co-founder William Ho shared his insights on bringing this innovative venture to Birmingham.

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Despite a plethora of data indicating a mild slowdown, the US economy continues to display strength, fostering investor hopes that recession can be averted even in the face of Federal Reserve interest rate hikes.

Economists from Bank of America, including lead economist Michael Gapen, contend in a recent report that the economy is poised for further expansion in the upcoming quarters, albeit with a gradual rise in unemployment. Gapen's team now maintains that the prospect of a recession is waning, in contrast to earlier predictions.

The July employment report has added weight to Wall Street's optimism for a smooth tapering scenario, characterized by inflation receding to the Fed's 2% target without precipitating a recession or abrupt economic decline.

July's job growth, totaling 187,000 positions, fell short of economists' projections, extending the cooling trend seen in revised June job gains of 185,000, down from the initially reported 209,000.

JPMorgan Chase's chief US economist, Michael Feroli, indicated that he no longer anticipates a recession in the current year. Feroli pointed to robust third-quarter forecasts as evidence of a healthy economic pace.

However, some investors maintain that a recession could still materialize later in the year.

David Donabedian, Chief Investment Officer at CIBC Private Wealth US, shared insights on why he remains cautious about the economy and market prospects. He noted that while current data reflects a solid economy, leading indicators point to potential future weaknesses, suggesting a more challenging environment ahead.

Donabedian cautioned that relying solely on strong current economic metrics might overlook underlying vulnerabilities that could impact earnings and corporate performance in the latter half of the year and into 2024.

He emphasized that the economy's direction and the extent of monetary tightening, particularly an increasingly inverted yield curve, could play a significant role in shaping the future economic landscape.

In terms of market testing, Donabedian suggested that the next pivotal moment might come when economic data transitions from surprising optimism to unexpected pessimism, observing how the market responds.

Amid these economic debates, Google has introduced new privacy features in the US, granting users greater control over their online search results. The technology giant's update includes a dashboard to manage search engine results containing users' contact information, allowing for quick removal requests.

Additionally, Google now offers the ability to remove personal and explicit images from search results, enhancing users' control over their digital presence.

Shifting gears, toy company Mattel has launched a nationwide search for a "core Uno player" to promote its new game, Uno Quatro. The chosen candidate will earn $4,444 per week over a four-week period to engage with strangers in New York City, showcasing the game on social media. Uno Quatro combines classic Uno gameplay with Connect 4 mechanics, presenting an innovative twist on the beloved card game.

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The tech sector and automakers have been particularly prosperous, dominating the S&P 500. These companies, as indicated by our early adopter index (considering factors like IT-related patents, investments, and employment), have performed exceptionally well in the recent earnings season. However, a question arises about the health of sectors less impacted by the technology hype. Here, the situation is multifaceted but ultimately reassuring.

Starting with the negatives, some businesses ill-prepared for the IT-driven future are also facing challenges in the present. Healthcare companies, for instance, are ailing: UBS estimates their profits have dropped by nearly 30% compared to the previous year. CVS Health, ranked 218th in our national IT index, is cutting 5,000 jobs due to a 37% revenue decline.

Energy companies witnessed a 50% drop in profits in the second quarter of 2023 compared to the previous year, partly due to declining commodity prices and sluggish Chinese growth. This downward trend extends to materials firms, with earnings falling by 30%. As a result, S&P 500 firms' total income is projected to have decreased by 5% in the second quarter, year-over-year, according to FactSet.

Despite these challenges, the situation is concentrated in specific sectors. A closer examination reveals that many segments of the non-IT economy exhibit surprising resilience. Capital goods manufacturers like Caterpillar and Raytheon (ranked 204th and 341st, respectively) are believed to have collectively increased their revenue by over 8% in the second quarter, with profits doubling. This could be attributed in part to President Joe Biden's focus on industrial policy.

Even in the oil and gas sector, performance surpasses headline figures. ExxonMobil, the largest player (ranked 236th), reported approximately $8 billion in net profit. While down 56% year-over-year, this is still ExxonMobil's highest second-quarter figure in nearly a decade, barring the exceptional hit in 2022.

Resistance is most apparent in businesses tied to the well-being of the US consumer, who remains financially strained. Consumer staples vendors experienced a 5% increase in profits year-over-year, while non-core consumer goods suppliers saw a 40% revenue uptick. Starbucks, a coffee giant (ranked 116th), reported a quarterly operating profit of $1.6 billion, up 22%, while Kraft Heinz, a seller of food products (ranked 253rd), reported $1.4 billion in operating profit, more than double the previous year.

Consumer goods companies have managed to maintain pricing power. Confectioners, for instance, are paying 11% more for chocolate than last year, yet Hershey (ranked 332) has increased its operating profit by 23% to $561 million. PepsiCo (ranked 245th) raised prices for its beverages and snacks by 15% in the second quarter, resulting in a 75% surge in operating profit to $3.7 billion. The company now anticipates 10% sales growth and a 12% rise in net profit for the year.

Consumer spending is not limited to sweets and beverages; air travel, particularly international travel, is recovering rapidly. American Airlines (ranked 266th), Delta Air Lines (ranked 193), and United Airlines (ranked 183) collectively reported net profits of $4.2 billion last quarter, the highest since 2015. Similarly, hotels are experiencing strong demand from both leisure and business travelers, leading to a 12% year-over-year increase in Hilton's revenue per available room.

However, challenges persist. Consumers are gradually tapping into the savings they amassed during the pandemic, which were supplemented by government stimulus checks. As households spend down these savings, an estimated $500 billion could be depleted by year-end. Although unemployment remains low, wage growth has slowed. The resumption of student loan payments and potential curbs on consumer spending due to rising interest rates are factors that could impact the economy. Furthermore, bankruptcy declarations are on the rise, particularly among companies with weak balance sheets, with 340 firms declaring bankruptcy in the first half of the year.

In conclusion, the economic landscape has shifted positively in recent weeks, with technology and select sectors thriving. Although challenges persist, numerous segments of the non-IT economy display resilience and growth. The future remains uncertain, contingent on factors such as consumer spending, wage trends, and potential interest rate changes.

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The past weekend witnessed the closure of seven Christmas tree emporiums in Massachusetts and New Hampshire. However, a gleam of hope remains, with eight Massachusetts locations (Avon, Foxboro, Holyoke, Hyannis, Lynnfield, North Attleboro, Shrewsbury, and Somerville) and two New Hampshire outposts (North Conway and Salem) soldiering on.

In a bid to empty the shelves, Christmas Tree Stores is offering a tantalizing 30% to 80% discount on all items, even as fresh stock continues to trickle in. It's worth noting that coupons and gift cards are no longer valid.

Recent shoppers have received a stern cautionary note: Christmas Tree Stores has refrained from venturing into the digital marketplace, and the rise of various fraudulent websites and Facebook pages falsely claiming affiliation has prompted the need for clarification.

The tale of this retail chain commenced half a century ago on Cape Cod. However, the company found itself grappling with financial woes, culminating in a bankruptcy filing this May. In a rebranding effort last year, the company adopted the abbreviated moniker "CTS" in a bid to dismantle the misconception held beyond New England that their offerings were solely limited to Christmas trees.

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These instances included Hunter's appearance with Joe Biden at events such as a dinner with a Russian billionaire at Cafe Milano in Washington, a handshake with a Chinese businessman in a Beijing hotel lobby, and a presence in Paris while executives from a French energy company dined. Archer, while acknowledging the interaction between father and son, emphasized that there were no substantial business discussions or requests for official action made by Hunter to Joe Biden.

The transcript also refuted claims of bribery involving foreign nationals and Joe Biden during his vice presidency. Archer clarified that conversations between Hunter and Joe Biden were often casual and unrelated to business matters.

While House Republicans sought to use Archer's testimony to disprove allegations of Joe Biden's involvement in Hunter's foreign business dealings, the transcript painted a picture of Hunter Biden's attempts to trade on the perception of access and influence tied to his father's status. The closed-door interview revealed how Hunter strategically aligned with the Biden family brand to attract business opportunities, as seen in his involvement with the Ukrainian gas company Burisma.

Archer detailed an email exchange in which Hunter planned to capitalize on Joe Biden's visit to Ukraine, highlighting the delicate balance between leveraging his father's position and managing expectations. The testimony provided insight into the complex relationship between a father and son, shedding new light on Hunter Biden's business approach in proximity to power.

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In response to queries, Nykaa released an emailed statement, referencing the company's strengthening of marketing leadership in areas such as performance marketing, customer lifecycle management, and content strategy, as announced in April 2023. Acknowledging the significance of the marketing function to Nykaa's overall operations, the statement clarified that Falguni Nayar will personally oversee the function.

As Nykaa continues to expand into diverse sectors and geographical regions, leadership positions are being adapted to address strategic realignment, cost optimization, and the growing intricacies of the business, Nykaa stated.

As part of this organizational evolution, Shailendra Singh was promoted to Business Head for Physical Retail - Beauty in June. Singh, who played a pivotal role in Nykaa's Beauty e-commerce Brand Management for the past 18 months, brings over 16 years of experience from Hindustan Unilever.

The changes within the omnichannel beauty and fashion retailer coincide with heightened competition in the rapidly growing Indian market. Notably, Nykaa has welcomed Rozita Nouruzi as the CEO of Nysaa, the company's omnichannel beauty business in collaboration with the GCC-based Apparel Group.

Additionally, Nykaa has made a fresh appointment to lead the forthcoming phase of growth for its in-house western-wear brands under Nykaa Fashion.

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In the pre-pandemic landscape of 2020, corporate travel was the cash cow of the travel industry. However, the ongoing effort by U.S. companies to encourage employees back to physical offices has contributed to stagnant bookings. Concerns are arising among travel company investors who doubt that vacationer spending alone can compensate for the deficit.

Before the global health crisis, business travel accounted for up to half of passenger revenue for U.S. airlines, enabling them to sell high-margin premium seats and fill weekday flights.

Alaska Air has experienced business bookings consistently 25% below pre-pandemic levels. The airline anticipates breaching the "75% recovery ceiling" next year once companies finalize new travel budgets, though it approaches this assumption cautiously in its network planning.

"We're still waiting for the market to fully normalize," stated Shane Tackett, CFO of Alaska Air. The airline has invested in leisure-oriented destinations like Mexico and Costa Rica, while its California network remains 25% below 2019 levels.

JetBlue Airways recently announced plans to redistribute capacity from New York to high-margin leisure destinations due to a 20% shortfall in business travel demand compared to pre-pandemic levels.

Southwest Airlines is altering its flight schedule, moving from primarily short-haul to medium- and long-haul business routes. It's also adjusting flight times and reducing Tuesday and Wednesday flights by up to 10% compared to busier travel days.

"I expect business will continue to bounce back, but it will follow the recovery of leisure here for a while," remarked Southwest CEO Bob Jordan during an earnings call.

Hotels are grappling with similar challenges in corporate demand. Marriott reported significant declines in U.S. bookings from technology and accounting firms compared to 2019, with slower recovery in room bookings from larger corporations.

Recovery in corporate travel is more prominent in Asia-Pacific and European countries where a higher percentage of employees returned to physical offices. This contrasts with the U.S., where remote work arrangements are more widely accepted, as outlined in a MasterCard report on business travel trends.

SHIFTING TRAVEL PARADIGM

Airline executives note that hybrid work setups are enabling travelers to blend business and leisure, aiding airlines in filling premium seats previously favored by corporate travelers.

Delta Air Lines indicated that revenue growth from premium cabins has outpaced that from low-cost seats since the pandemic. American Airlines is experiencing higher revenue from customers combining business and leisure trips, prompting a review of its contract terms with major corporate clients.

However, some investors express doubts about the sustainability of such rapid travel rates. Recent passenger surveys and fare data suggest that U.S. travel demand may have peaked, undermining airlines' pricing leverage.

Valuations of travel companies continue to lag behind historical norms, reflecting investor uncertainty beyond the summer months, according to Cowen analyst Kevin Kopelman, who covers hotels and online travel.

Several executives anticipate a potential surge in corporate travel come September. Luis Gallego, CEO of IAG, the parent company of British Airways, noted signs of "some recovery" in corporate traffic during the third quarter.

While companies like Google Alphabet, JPMorgan Chase, Goldman Sachs, and Morgan Stanley have nudged employees back to office environments, the uncertain macroeconomic backdrop could hinder a complete revival of business travel in 2023 and beyond, as highlighted in MasterCard's annual travel report.

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Securing the largest market share in India, the airline posted an impressive profit of INR 3,091 crore for the quarter ending on June 30, marking a significant turnaround from the INR 1,065 crore loss reported in the corresponding period last year.

The company's operational revenue also experienced a remarkable surge of nearly 30%, totaling INR 16,683 crore. This upward trajectory in financial performance is attributed to a notable 12.7% reduction in fuel costs during the June quarter, compared to the previous year.

IndiGo emerged stronger from the challenges faced by its smaller competitors, Go First and Spicejet, and enjoyed a robust recovery in air travel demand within India, the world's third-largest aviation market.

While IndiGo's key profitability metric, yields, witnessed a marginal decline of 1.2% year-over-year to INR 5.18 per kilometer, the airline's load factor, indicating the utilization of passenger carrying capacity, demonstrated a significant improvement of nine percentage points, reaching an impressive 88.6%.

Looking ahead, the company envisions a substantial capacity increase of approximately 25% in the current quarter compared to the corresponding period in the previous year.

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Raegan Plewe, the co-owner of Curiosity, a distinctive establishment offering a combination of a bottle shop and a sober bar, is resolute in her mission to redefine the typical bar experience.

"Our focus is on expanding possibilities," Plewe stated. "We want patrons to savor the enjoyable aspects of a bar environment while steering clear of the overindulgence in alcohol."

Nestled within the Maven District, near the intersection of 900 South and 2nd East, Curiosity was conceived as a cultural haven for the Salt Lake community. Plewe envisioned a space where individuals could forge meaningful connections and revel in the vibrancy of nightlife without succumbing to excessive drinking.

However, their aspirations were hindered by an unexpected roadblock – a protracted construction initiative that cast a cloud over their operation.

"For an extended period, our corner resembled a dust-laden wasteland, rendering it nearly inhospitable," Plewe lamented.

The extensive road reconstruction deterred potential visitors, culminating in a particularly trying three months. "The road underwent a complete overhaul, effectively sealing off access," Plewe explained. "We grappled with the uncertainty of our future."

Curiosity was not alone in its predicament. Randy's Record, a longstanding establishment with a decade-long history, shared their financial struggles resulting from the disruptive construction activities.

Reflecting on the challenges faced by the surrounding block, Plewe asserted, "We're determined not to relinquish our dream just yet."

While the construction dust has settled, the journey to recovery remains an arduous one. Plewe acknowledged the lasting impact of the business downturn, noting, "We firmly believe that many individuals rely on this space."

To aid in their resurgence, Curiosity has initiated a GoFundMe campaign, appealing for support from the community and beyond. With tenacity and resilience, they aspire to overcome the setbacks, reestablish their unique haven, and once again light up the cultural landscape of Salt Lake City.

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Highlighted Feature: Empowering Teens in Aeronautics - YAEF Fosters Hands-On Training and Aviation Expertise

Eager to translate his YAEF experiences into real-world impact, the enterprising teenager has set his sights on establishing a drone-focused enterprise. Tookes envisions leveraging drones to capture captivating perspectives of properties, development projects, and special occasions spanning the entire state.

Recognizing the significance of business acumen in his entrepreneurial journey, Tookes eagerly joined the Hampton Roads Black Chamber of Commerce's B-Force 12 Week Accelerator. This strategic move demonstrates Tookes' commitment to acquiring the essential knowledge and skills needed to launch a successful venture.

Brian Owens, the director of Black Brand's B-Force Accelerator, sheds light on the initiative's mission: to bridge the longstanding gap in access to capital that has historically affected the black community. Tookes' engagement with the B-Force Accelerator exemplifies a concerted effort to combat this historical disparity.

JahQuinn Tookes' trajectory from a high school aviation enthusiast to a budding drone business owner underscores the power of education, determination, and community support in fostering innovation and entrepreneurship.

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Gold futures with a maturity date of October 5, 2023, saw a slight drop of Rs 253 or 0.43 percent, settling at Rs 59,824 per 10 grams. The previous close was recorded at Rs 60,082.

Similarly, silver futures due on September 5, 2023, experienced a decline of Rs 425 or 0.56 percent, and their price stood at Rs 75,002 per kg on the MCX compared to the previous close of Rs 75,427.

It's important to note that gold prices may vary across different regions in the country due to factors such as excise duty, making charges, and state taxes.

Internationally, gold prices also edged lower as the U.S. dollar strengthened, with investors closely monitoring key economic data for signals on the future trajectory of interest rates to tackle persistent inflation concerns. According to the latest metal report, spot gold declined by 0.1% to $1,961.49 per ounce, while U.S. gold futures dropped 0.5% to $1,961.10 per ounce. Among other precious metals, spot silver slipped 0.5% to $24.64 per ounce, platinum fell 0.3% to $946.47, and palladium dipped 0.6% to $1,274.54.

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The compassionate duo behind Allie + Bess, Bess Callarman, and Allie Wardlaw, recognized the importance of Genesis Women's Shelter's mission, especially as mothers themselves. Philanthropy is deeply ingrained in the values of Allie + Bess, and they were determined to make a difference by brightening the lives of these women and their children in need.

The school supply drive coincided with the exciting launch of Allie + Bess's new Game Day collection—a vibrant assortment of bracelets and necklaces designed to celebrate school spirit in the upcoming fall season. Customers eagerly participated in the rally and generously contributed to the cause by bringing various school supplies.

"We poured our hearts and souls into our Game Day collection, and we're thrilled for our customers to see it," explained Allie Wardlaw, Co-Founder of Allie + Bess. "Fashion is our passion, and through our necklaces and bracelets, our customers can express their unique style and proudly display their school spirit."

Thanks to the overwhelming support from their customers and the community, Allie + Bess successfully collected hundreds of backpacks and school supplies. These donations will undoubtedly bring happiness and support to the mothers and children residing at Genesis Women's Shelter, helping them begin the school year with optimism and confidence.

Allie + Bess's dedication to empowering women and giving back to the community shines through their efforts, making a positive impact on the lives of those in need as they embark on a new chapter in their education journey.

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The report highlights the upward trajectory of India's per capita income and GDP over the years, with significant increases observed from fiscal 2001 to fiscal 2021, rising from $460 to $2,150. It is projected to reach $2,450 by fiscal 2023.

External trade is identified as the primary driver of growth, estimated to nearly double to $2.1 trillion by 2030, while household consumption is forecasted to soar to $3.4 trillion, equivalent to the current size of the entire GDP. Prime Minister Narendra Modi's commitment to reaching a $5 trillion economy further adds to India's economic aspirations, positioning it as the third-largest economy globally.

The report envisions nine states rising to upper-middle-income status, with a per capita income of $4,000, with Gujarat expected to lead by fiscal 2030. States like Uttar Pradesh and Bihar are projected to have a per capita income below $2,000 even in fiscal 2030.

India's demographic advantage, with a higher share of the working-age population, is expected to drive economic growth through increased labor efficiency, capital deployment, and sustained development. However, the report warns that persistent negative growth in employment rates could hinder per capita real GDP growth. To ensure continued growth, the report emphasizes the importance of consistent reforms, macro stability, a healthy financial sector, corporate sector deleveraging, and increased public capex.

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As per the terms of the agreement, Chiesi Group has acquired all assets and certain liabilities related to idebenone in all indications worldwide, including Raxone in LHON (Leber's hereditary optic neuropathy), except for North America and France, where Santhera will retain the rights. This deal simplifies the Raxone business for both companies, with Chiesi becoming the global brand owner, while Santhera can now focus on launching vamorolone in Europe, pending approval. The transaction was completed on July 28, 2023.

Chiesi Group will also take responsibility for the settlement agreed upon between Santhera and the French reimbursement authorities concerning Raxone in LHON, amounting to 25.3 million euros. This move significantly reduces Santhera's short-term financial obligations and strengthens their balance sheet. Moreover, by discontinuing Raxone-related activities, Santhera aims to streamline business processes, reduce operating costs, and allocate resources to the European launch of vamorolone and strategic projects.

Under the agreement, Santhera retains the right to participate in potential marketing approval of Raxone in the US for LHON, through single-digit variable payments on net sales or milestone payments up to US$10 million. If Chiesi decides to pursue idebenone for non-ophthalmic indications, Santhera could be eligible for other milestone payments of similar value and high single-digit variable payments on net sales.

Dario Eklund, CEO of Santhera, expressed the significance of the agreement in focusing on vamorolone's commercialization in Europe, while Giacomo Chiesi, Chief of Chiesi Global Rare Diseases, conveyed excitement about the opportunity to accelerate the regulatory and clinical development of Raxone on a global scale for the benefit of patients worldwide.

Notably, under the previous 2019 agreement, Chiesi Group held the license for Raxone in LHON and all other ophthalmological indications worldwide, except for France and North America. The recent transaction provides Chiesi Group with rights to the business outside of North America.

About Santhera:

Santhera Pharmaceuticals (SIX: SANN) is a Swiss specialty pharmaceutical company dedicated to developing and commercializing innovative medicines for rare neuromuscular and pulmonary diseases with high unmet medical needs. Their portfolio includes vamorolone, a dissociative steroid with a novel mode of action investigated in a pivotal study for patients with Duchenne muscular dystrophy (DMD) as an alternative to standard corticosteroids. Santhera has submitted a new drug application (NDA) for vamorolone's treatment of DMD to the US FDA, a marketing authorization application (MAA) to the European Medicines Agency (EMA), and an MAA to Medicines in the United Kingdom and the Healthcare Products Regulatory Agency (MHRA). The company has licensed the rights to vamorolone for North America to Catalyst Pharmaceuticals and for China to Sperogenix Therapeutics. Additionally, their clinical stage lead includes lonodelestat for treating cystic fibrosis (CF) and other neutrophilic lung diseases.

About Chiesi Group:

Chiesi is an international, research-focused biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company's mission is to enhance the quality of people's lives while acting responsibly towards the community and the environment. Chiesi has become a Benefit Corporation in Italy, the US, and France, legally binding the commitment to creating shared value for society in its decision-making process. The company is also a certified B Corp since 2019, aligning with a global community of businesses with high standards of social and environmental impact. Moreover, Chiesi aims to achieve Net-Zero greenhouse gas (GHG) emissions by 2035 and operates in 31 countries with over 6,500 employees.

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During Q2 2023, HanAll recorded a remarkable sales figure of KRW 41.4 billion, marking an impressive 58 percent increase compared to the same period last year. This substantial growth was mainly attributed to the sustained robust performance of its major products and significant milestone revenues derived from the progress made in clinical programs involving batoclimab.

Furthermore, HanAll Biopharma reached multiple critical milestones in clinical development during the quarter. Notably, the company announced the top-line result of the VELOS-3 trial, and they successfully submitted a Biologics License Application (BLA) for batoclimab in China, signaling significant progress in bringing this potential treatment to patients.

The company's commitment to advancing disease-modifying medicines for neurodegenerative diseases remains unwavering. Throughout the second quarter, HanAll continued to engage in strategic collaborations aimed at developing groundbreaking therapies with the potential to transform the treatment landscape for these conditions.

Overall, HanAll Biopharma's financial performance and remarkable progress in clinical programs reinforce its position as a trailblazing force in the biopharmaceutical industry, solidifying its dedication to enhancing patient care and delivering innovative solutions to global healthcare challenges.

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Among the 50 distinguished women recognized in this year's class, Marti Wronski stands out as one of only four representatives from Major League Baseball. Her remarkable career within the sports industry and MLB spans over two decades, with a remarkable journey from in-house counsel to a pivotal member of the club's senior executive team. Her promotion to Chief Operating Officer in 2022 marked a significant milestone, becoming one of the few female COOs in Major League Baseball and other major professional sports leagues.

Rick Schlesinger, Brewers' President - Business Operations, expressed immense pride in Wronski's recognition, acknowledging her profound expertise and leadership role within the organization. He emphasized the instrumental role she has played in achieving success both on and off the field and congratulated her on this well-deserved honor.

In response to the accolade, Marti Wronski expressed her gratitude and humility, recognizing the immense talent and impact of her fellow Game Changers in the class of 2023. She credited the trust placed in her by Brewers Chairman and Principal Owner, Mark Attanasio, and Rick Schlesinger throughout her two-decade journey with the club. Wronski also thanked the collective efforts of the leadership team and employees for contributing to their shared success.

As Chief Operating Officer, Marti Wronski oversees various crucial aspects of the organization, including the legal, information technology, human resources, and business analytics teams. Her responsibilities also include identifying and implementing operational processes and efficiencies to further enhance the Brewers brand. Additionally, she continues to serve as the Club's General Counsel, showcasing her versatility and expertise in the sports industry.

Throughout her tenure with the Brewers, Wronski has garnered numerous accolades and recognitions, including being named a "Woman of Influence" by the Milwaukee Business Journal and earning a spot on the "Forty Under 40" list. Her commitment to ethical standards and significant contributions to the sports industry were recognized with the Joseph E. O'Neill Award from Marquette University Law School, and she received an honorary PhD from St. Norbert College. Beyond her professional achievements, Marti Wronski has actively served on several community boards in the Milwaukee area, including the Betty Brinn Children's Museum, and has been a close friend of Make-A-Wish Wisconsin. Her dedication to both her profession and the community has left a lasting impact and serves as an inspiration to others.

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At 10:00 am, Cipla's shares were trading at Rs 1,156.80 apiece, marking an impressive 8.26 per cent increase.

The significant rally was triggered by the company's outstanding performance in the first quarter, as it achieved a remarkable 45 per cent rise in net profit. Cipla's consolidated net profit reached an impressive Rs 996 crore, surpassing analysts' predictions of Rs 836 crore. This robust growth was mainly supported by the company's thriving domestic and North American drugs business, as well as the benefit of easing input costs.

The company's revenue also witnessed a substantial boost, surging nearly 18 per cent to reach Rs 6,269 crore. Notably, Cipla's India business registered close to 12 per cent growth, while its sales in North America soared by an impressive 52 per cent.

A key factor contributing to the positive financial performance was the decline in costs of materials consumed, which fell by nearly 15 per cent. This reduction helped the company manage overall costs more effectively, leading to a significant expansion of the earnings before interest, taxes, depreciation, and amortization (EBITDA) margins to 30.7 per cent for the quarter, up from 21.3 per cent in the previous year.

Overall, Cipla's strong quarterly results and promising growth prospects have driven investor confidence, leading to the notable increase in the company's share value.

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A spokesperson for Liberty Mutual confirmed the cessation, revealing that the company will not renew its current book of this line of business starting from December. The BOP insurance product, a bundled coverage combining major property and liability risks for business owners, will no longer be available for purchase in the wildfire-prone state.

Liberty Mutual joins a growing list of major insurers retreating from the California market. Earlier this year, State Farm also announced its discontinuation of selling new insurance policies to homeowners in the state.

The shift of larger insurance carriers away from the California residential property insurance market is seen as a result of ongoing regulatory constraints, mounting cost inflation, and the impact of higher catastrophe losses, as noted by credit rating agency Fitch in a previous report. As the industry navigates these challenges, insurers are grappling with the complex task of maintaining profitability while ensuring adequate coverage for policyholders in a high-risk environment.

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A key driver behind this closed-mindedness is the prevalent use of standard textbooks in business schools. Two such examples are "Business Basics" by William Pride, Robert. Hughes, and Jack Kapoor, and "Business Basics: A Changing World" by OC Ferrell, Geoffrey A. Hirt, and Linda Ferrell. While these books touch upon trendy topics like ethics, diversity, and the role of employees in society, they take a considerable number of pages before delving into the essence of management.

The textbooks present management as a process, devoid of any consideration for thoughts, attitudes, or values. Rather, it is seen as a set of top-down tools and structures, with managers in control and employees as mere resources to achieve organizational goals. The focus remains internal, with little regard for creating value for customers or other stakeholders. The historical context of management, including the contributions of influential thinkers like Peter Drucker, goes unmentioned.

Furthermore, these books pay scant attention to innovation and entrepreneurship, relegating them to a minor role in the management landscape. The true potential of these vital aspects is overlooked, hindering the development of forward-thinking management practices.

In contrast, successful modern-day firms such as Amazon, Apple, Microsoft, Meta, Nvidia, and Tesla thrive by emphasizing customer value creation, a concept scarcely addressed in the textbooks.

Overall, business schools miss a significant opportunity to lead the way into a new era of management, trapped in the confines of outdated teachings. Embracing innovation, acknowledging historical wisdom, and prioritizing customer value are essential steps to propel management education into the future.

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Stefanik and a group of fellow House Republicans, including Jim Jordan, James Comer, and Jason Smith, co-authored a letter addressed to White House counsel Stuart Delery, seeking clarification on the reasons behind the shifting positions. However, the White House response has been evasive, according to Stefanik, who expressed her frustration with their lack of transparency.

The White House maintains that they have consistently held the same position despite the accusations from Republicans that Biden's answers have changed. The matter remains a subject of contention, with Stefanik and her colleagues seeking answers and clarification from the administration.

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Here are some key features of the Walmart Business app:

1. Simplified Ordering: Users can easily purchase office furniture, supplies, technology products, classroom essentials, and lounge supplies directly through the app.

2. Flexible Order Receipt: The app allows users to choose between workplace delivery or convenient one-tap check-in for pickup at over 4,700 Walmart US store locations.

3. Scheduled Delivery: The app offers a popular delivery option, allowing users to schedule deliveries at their preferred times.

4. Multi-User Accounts: Walmart Business+ members can set up and share a multi-user account with up to five team members, facilitating efficient collaboration.

5. Customized Bulk Orders: Customers can easily customize bulk orders by specifying the exact quantity needed.

6. Partnership with Angi: Walmart Business has joined forces with Angi to connect customers with trusted professionals in their local communities.

7. Spend Analytics: Walmart Business+ members can track organizational expenses using the Spend Analytics tool, enabling better expense management.

8. Expanded Marketplace Selection: The app provides access to an expanded Marketplace selection, offering exclusive merchandise to members.

By utilizing the Walmart Business app, small business owners can enhance their efficiency and gain valuable insights into their operations. This empowers them to make more informed decisions, resulting in better solutions and improved customer service. Walmart Business serves as a valuable partner, helping small business owners become more effective merchants and allowing them to focus on their core strengths.

In the competitive landscape, developing strong trading skills and maintaining a clear focus on the assortment of goods are vital for small businesses. Proper displays and coordinated merchandise play a crucial role in enticing customers to browse and make purchases. The app's convenience also enables businesses to maintain communication with customers through direct mail or social apps, ensuring a lasting relationship with their clientele.

Overall, the Walmart Business app offers a comprehensive solution for small businesses and nonprofits, empowering them to thrive in today's dynamic market.

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ITC announced on Monday its decision to separate the hotel business from the cigarette and food units through a spinoff, with the company retaining a 40% ownership in the new entity, while the remaining stake will be held by ITC shareholders.

The move comes after a significant drop of nearly 4% in ITC's shares on Monday, marking the largest single-day decline since September 26, 2022, and similar to a previous decline earlier this month when the stock reached record highs amid speculations about the potential spinoff.

Analysts from Jefferies noted that some investors might have preferred a complete split to fully unlock the cash-rich potential of the hotel business. While the hotel segment contributed less than 5% to ITC's revenue and earnings before interest and tax (EBIT) over the past decade, it accounted for over 20% of the company's capital expenditure.

ITC currently operates more than 120 hotels with over 11,600 keys in over 70 locations, competing with Tata Group's Indian Hotels Co (IHTL.NS), known for owning properties like Taj and Marriott.

Further details on the rationale behind the new corporate structure are expected to be provided in an executive call scheduled for Thursday. The final approval for the spinoff is set to be voted on at a board meeting in mid-August.

Analysts are eager to gain clarity on various aspects, including the reason for retaining a 40% stake, the royalty structure, potential tax implications, and the key criteria for attracting investors or strategic partners to the business, according to Emkay Research.

Nomura analysts also raised concerns that the "not a clean merger" approach might limit the potential value that could be unlocked from the move.

ITC's primary revenue contributor remains its consumer goods business, notably led by the cigarette segment. The company is expected to report its quarterly results in the upcoming week.

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The restaurant's grand opening on Friday proved to be a smashing hit, and the following day was no different. By 2:15 p.m. on Saturday, Canyon Joe's had already put up a "sold out" sign on its door, marking the second consecutive day of selling out all its delicious offerings.

Owner Joe Hager expressed his delight at the overwhelming response, stating that it surpassed his expectations. The Texas-style barbecue restaurant received an enthusiastic line of customers stretching out the door on its opening day, a moment Hager had been eagerly awaiting for years.

Originally from Lincoln but having spent time in Texas for a railroad job, Hager developed a passion for Texan grilling, earning him the nickname "Canyon Joe" among his colleagues. With this newfound love for barbecue, he returned to his hometown about three years ago with the goal of sharing his culinary expertise.

Hager's venture began with a food truck, which quickly garnered significant demand. Encouraged by the positive response, he decided to establish a permanent location in the Telegraph District near 18th and N streets, reflecting the spirit of Texas in the heart of Lincoln.

Customers are raving about the mouthwatering food, some even expressing disappointment at not being able to taste everything due to the high demand. The enthusiasm from patrons has been so overwhelming that Hager plans to expand the operation soon.

Despite starting with limited hours—only serving lunch from Thursday to Saturday—Canyon Joe's has already become a favorite destination for barbecue lovers in Nebraska. The restaurant operates from 11 a.m. to 3 p.m. or until they run out of food, and on those same mornings, they also offer coffee and homemade cookies from 7 a.m.

If you're someone who truly appreciates the art of barbecue, Canyon Joe's promises an unparalleled experience with its exceptional offerings. The restaurant's success story and remarkable flavors have set it apart in the thriving Nebraska culinary scene.

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Bringing nearly three decades of expertise in the APAC region, Mark Lepine previously served as the Managing Director of APAC at Survey Sampling International (SSI), which later merged with Research Now to form Dynata. He also held key leadership roles at renowned companies such as Gartner, WGSN, and Forrester. With Lepine's arrival, Dynata aims to capitalize on its unparalleled expertise and resources, continuing to shape the future of data-driven decision-making and strengthening its position as the premier provider of first-party data and insights in the APAC region.

Chris Watson, the International Managing Director of Dynata, expressed confidence in Lepine's abilities and highlighted the strategic alignment of his experience with the company's goals. Lepine's role is pivotal in expanding Dynata's presence, elevating market position, and ensuring continued success across the APAC region while delivering outstanding results for clients.

Mark Lepine expressed his excitement about joining Dynata and leading the talented APAC team during this phase of growth. He emphasized the company's unmatched capabilities and advanced solutions as assets that present endless opportunities to drive innovation, unlock transformative insights, and deliver unparalleled value to customers in the dynamic and diverse APAC market.

About Dynata:

Dynata holds the distinction of being the world's largest first-party data company for insights, activation, and measurement. With a global reach of nearly 70 million consumers and business professionals, and a wealth of individual profile attributes collected through surveys, Dynata provides accurate and reliable quality data. Leveraging its powerful first-party data, the company offers innovative data services and solutions that enable customers to integrate the voice of the customer across the entire marketing lifecycle—from insight discovery to campaign activation and cross-channel marketing ROI measurement. Dynata serves a diverse clientele, including over 6,000 market research, media and advertising agencies, publishers, consulting and investment firms, and corporate clients in North America, South America, Europe, and the Asia-Pacific region.

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However, despite these signals, corporate mergers have continued under the Biden administration. Recently, there has been a setback for the FTC in their efforts to block the merger between Microsoft and video game company Activision Blizzard. The US courts rejected the FTC's attempt to prevent Microsoft from absorbing Activision Blizzard, paving the way for the deal to potentially be finalized in the upcoming months, with a key deadline extended recently.

The proposed merger between Microsoft and Activision Blizzard would be the largest in video game history, taking inflation into account. The gaming industry has become a significant part of the economy, surpassing the combined revenue of music, US book publishing, and North American sports. Microsoft's gaming division and Activision Blizzard collectively generate more revenue each year than all the movie theaters in the US. Both companies rank among the giants in the gaming world.

The FTC argued that the Microsoft-Activision merger would create anticompetitive conditions, giving Microsoft, the maker of Xbox game consoles, a dominant advantage over its rival, Sony, the maker of PlayStation. Of particular concern was Activision's immensely popular Call of Duty franchise, consistently ranking among the best-selling games on both Xbox and PlayStation platforms. The fear was that if Microsoft owned Call of Duty, it could make the game exclusive to Xbox, depriving Sony of one of its most significant gaming attractions.

Microsoft attempted to address these concerns by promising to continue offering Call of Duty games on PlayStations for another 10 years. This pledge was one of the reasons the courts ruled against the FTC, as they found insufficient evidence that the agreement would significantly harm competition.

The court's decision allows yet another major merger that further consolidates a major industry. Many experts warn that such trends are ultimately detrimental to consumers, as reduced competition can lead to higher prices and lower quality of goods and services, even if the FTC was unable to prove all of these potential negative impacts in this particular case.

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In his Instagram post, which showed him with a black eye, Harter expressed disbelief and frustration at the incident, stating, "I can't believe I live in a city where people just brazenly commit such acts and get away with it." He further added, "The guy just ran away. They probably won't find him. I'm sick of this damn town. I can't run a business without fear of getting physically assaulted."

Harter's plea for a safer environment was evident as he remarked, "This shouldn't be our town. I hope they take measures to improve the situation."

San Francisco police records indicate that officers responded to a battery report at Haight and Ashbury streets shortly after 5:30 p.m. on the same evening. However, it remains unclear whether this incident is the same as Harter's account.

Despite the distressing situation, Harter took a moment to express his concern for his Instagram followers' well-being. He tagged Governor Gavin Newsom, Mayor London Breed, and Supervisor Dean Preston in his post, seemingly urging them to address the safety concerns in the city. As of the time of publication, there have been no responses from the lawmakers.

Efforts to reach Harter for further comment were unsuccessful at the time of reporting. The incident has raised serious questions about public safety in the area and the need for immediate attention to address such incidents in San Francisco.

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Some of the key measures included energy mandates, social policy reforms, new business regulations, and the introduction of a state-run paid leave program. However, it also entailed a substantial increase of over $9 billion in taxes for Minnesotans.

Following the session, Democrats have been touting the session's successes and highlighting a CNBC state ranking that praised Minnesota's business competitiveness. However, this ranking, like the Democrats' assessment, arguably overlooks essential factors when evaluating business-friendliness, such as cost of living and overall business regulations.

Objective evaluations from sources like the National Tax Foundation present a different perspective. Minnesota ranks fifth in per capita tax collection and 39th in the percentage of income paid by residents in state and local taxes. It also holds the undesirable fifth position in the country for business tax climate, encompassing corporate, personal, sales, unemployment, and property taxes.

These figures demonstrate that Minnesota remains an expensive place both to live and conduct business. Adding to the burden are the newly implemented taxes, which affect families across all income levels, making it challenging for them to thrive in the state's economy.

Adjacent to North and South Dakota, a region represented by the author of this commentary, firsthand evidence reveals the consequences of such policies on businesses and families. Many individuals and businesses have opted to relocate to neighboring states due to the financial advantages offered there. This shift in location grants them more resources to invest in their businesses, fostering job creation, and affords families greater financial freedom to pursue their priorities.

Every additional burden on businesses and families, such as increased fees and taxes, leads to further consideration of relocation. Recent headlines highlight some businesses already making such decisions. Ignoring real-world data and relying solely on polished marketing materials risks overlooking the actual impact of adopted policies.

An issue often overlooked by Democrats is that Minnesota's economic performance falls behind the national average. In key areas such as economic output growth, job growth, labor force growth, and net inward migration, Minnesota ranks in the lower tier among states. Rather than addressing barriers imposed by the government on economic growth, Democrats are celebrating policies that may hinder the state's economy.

A growing sentiment among Minnesotans is that the government is taking too much from them and overstepping its role in directing how their money should be spent. Historically, market-led growth has proven to be the most effective way to raise the standard of living for everyone. Successful businesses create high-paying jobs and provide valuable benefits, fostering a positive work environment and retaining skilled workers.

While recognizing the role of government in the economy, there is concern that the current trajectory may lead to increasing difficulties for citizens instead of offering solutions. Republicans are open to engaging in constructive debates to improve the state's political landscape. However, if Democrats persist in disregarding information they find inconvenient, the state may witness more families and businesses seeking opportunities elsewhere.

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The Aguirres temporarily closed the restaurant on July 2 for their annual two-week vacation, but unexpected challenges emerged during this time. Faced with hefty fines from the city, increasing crime rates, and burdensome third-party delivery fees, the family was forced to announce the restaurant's closure on their Facebook page.

According to Ramon Aguirre, the restaurant received unjust fines of up to $21,000 from the city for minor infractions like expired permits and a faulty exit light. He also expressed frustration with the lack of support from city officials, citing the difficulty in getting in touch with the mayor compared to the warm reception they received from Downers Grove officials.

Amidst the challenges posed by the pandemic, which they navigated without any relief funds, the restaurant managed to survive by expanding their food delivery services. However, a perfect storm of obstacles, including crime, a decline in pregame meals from sports fans, high third-party delivery fees, and an unfriendly city council for independent businesses, left them with no choice but to close their doors.

Aguirre lamented the rise of crime in Chicago, stating that many customers from the suburbs now avoid the city due to safety concerns. He also pointed out the burden of rising real estate taxes and the excessive fees imposed by delivery apps like DoorDash, Grubhub, and Uber Eats, which took a significant toll on the restaurant's profits.

The once vibrant Chicago dining scene seems to be taking a hit, with Aguirre expressing concern for other independent restaurants facing similar challenges. He reflected on the changing landscape of the city, longing for the safe and thriving environment he remembers from his youth.

The Aguirre family plans to relocate to Downers Grove, where they received a warm welcome and enticing rent and tax incentives. However, the closure of Bella Notte Ristorante marks the end of an era for the family and is a reminder of the struggles faced by many small businesses in the evolving culinary landscape of Chicago.

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David Anderson, a seasoned participant who has been part of the tournament for the 11th consecutive year, shared his experience, stating that he and his team fished until late into the night on Gail Force Charters, returning home briefly to restock their boat and resuming their quest for the perfect catch the following morning.

The competition commenced last Friday and will continue until midday on Sunday, July 23rd. As the tournament progresses, anglers compete for daily prizes, such as a tackle box filled with fishing gear. However, the ultimate reward awaits the angler who manages to capture the heaviest salmon throughout the entire contest, as they will be bestowed with a generous prize of $15,000.

This year's participation numbers are expected to surpass the previous year's record, with over 3,000 anglers already registered, potentially exceeding the impressive 3,300 contestants from the last summer. Such demand has even prompted the organizers to issue an additional 150 tickets for one of their ports to accommodate the enthusiastic crowd.

Kiera Bair, representing the Algoma Area Chamber of Commerce, expressed her delight at the substantial boost this event brings to the local businesses during the summer season. Tourists, boat passengers, and fishermen alike converge, creating a bustling atmosphere, with increased footfall in shops and restaurants.

As the competition heats up, the leading contender's current catch weighs in at an impressive 31.9 pounds, captured near Washington Island on a Saturday.

For those who wish to join the excitement, single-day tickets are available for $20, while a comprehensive 10-day tour pass can be purchased for $30. To secure entry, participants must visit any of the eight designated locations: Algoma BP, Baileys 57, B & K Bait and Tackle at Mann’s Mercantile in Washington Island, Howie’s Tackle in Sturgeon Bay, Yacht Works Kewaunee, Greystone Castle in Sturgeon Bay, JP Express BP in Carlsville, and BP Center Court in Kewaunee.

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Christina Winn, President of the Developers Association at Virginia Economics, highlighted the collaborative efforts between educational institutions and industries to develop a skilled workforce for the future. This marks the third consecutive year that Virginia has achieved a top-three ranking, following a first-place finish in 2021 and a third-place finish in 2022.

However, amidst the positive news, Virginia does face some challenges. The state falls in the lower half of states when it comes to costs of doing business and the cost of living. Keith Martin, Executive Vice President of Public Policy and Government Relations for the Virginia Chamber of Commerce, mentioned that competitor states like North Carolina, Tennessee, and Georgia have implemented comprehensive tax reforms in recent years.

While Virginia's ranking as a business-friendly state primarily benefits the business community, it also has broader positive implications for residents. Increased tax revenues from businesses contribute to the improvement of public amenities such as schools, parks, and libraries, leading to an enhanced overall quality of life for the community.

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Linh Song, a member of Ann Arbor City Council representing Ward 2, spearheaded the guaranteed income program and recently discussed the city's rationale for its implementation. According to Song, the COVID-19 pandemic led to the disappearance of numerous small businesses, which significantly impacted the local community in Ann Arbor. Song emphasized that the program was a strategic use of funds meant to alleviate the pandemic's effects and provide relief to those in need.

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Comparable to its personal counterpart, the Hilton Honors American Express Surpass® Card, the Hilton Honors Business Amex offers similar benefits and earning structures. But what sets it apart are the enticing business-specific bonus categories and benefits designed to attract small business owners.

Act quickly to take advantage of the current limited-time offer ending on July 19—an impressive 150,000 Hilton Honors bonus points and a free night reward after spending $4,000 on purchases within the first three months of card membership. With such an enticing welcome bonus, this card might be too good to pass up.

A Plethora of Bonus Opportunities

Unsurprisingly, the Hilton Honors Business Amex lets you earn bonus points on Hilton purchases, granting you a remarkable return of 12 points per dollar spent on purchases directly made with hotels and resorts within the Hilton portfolio. Considering TPG's valuation of Hilton Honors points at 0.6 cents each, this translates into a stunning 7.2% return on your Hilton spending.

However, the benefits extend beyond Hilton properties. The Hilton Honors Business Amex rewards you with 6 points per dollar spent, equivalent to a 3.6% return based on TPG ratings, on a wide array of business and travel purchases, including:

- Car rentals directly booked with selected car hire companies

- Flights directly booked with airlines or via American Express Travel

- Transportation services

- Gas station purchases in the US

- Dining at American restaurants

- Wireless phone services purchased directly from providers

For all other purchases made with this card, you'll earn 3 points per dollar spent. With these generous bonus earning opportunities, you'll accumulate points rapidly, ensuring your next Hilton stay is covered with ease.

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Additionally, a participation agreement with the Economic Development Association (EDA) was approved for the Station Construction Project No. 1. This project, part of the Sanitary Sewer Capital Improvement Plan, will involve the abandonment of the existing pump station and the installation of a new submersible station, including pumps, motors, variable frequency drives, piping, flow meter, transducer installation, control panel replacement, and SCADA updates. The project also includes the installation of approximately 160 LF of sanitary sewer gravity mains and main on the west side of the property. The upgrades are crucial for improving reliability in the service area, benefiting the EDA District, and accommodating the area's current and future users. Delaying the project could lead to system failures and hinder growth and development in the service area.

Furthermore, Goenner Lawn Care was selected as the preferred bidder for mowing services for residential and commercial properties within the township that are in violation of the City's Weeds and Long Grass Ordinance No. 1998-5. The Township Manager, Mark Stuhldreher, was authorized to sign a service agreement with Goenner Lawn Care for these services.

These decisions reflect Union Township's commitment to maintaining and improving its sanitary sewer infrastructure and ensuring compliance with local ordinances for the benefit of its residents and the overall community.

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While there were no casualties, the extent of the damage is unprecedented, according to Deepak Nachnani, president of the Atlantic Avenue Association and a fellow business owner. With over 100 employees displaced and out of work, Nachnani expressed concern for their well-being.

Reflecting on his decades of experience on the Oceanfront, Nachnani stated, "I've never seen such extensive damage occur so rapidly. We immediately came together as a community to determine how we can assist."

Nachnani has been in touch with affected business owners, offering his support as they come to terms with the tragedy. He remains optimistic that the displaced employees can find alternative positions along Atlantic Avenue, as there is a demand for workers during the summer season.

"We are committed to doing everything within our power as a community to help," emphasized Nachnani.

Authorities are currently investigating the cause of the fire, seeking to determine the circumstances that led to the devastating incident.

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Sentinels, an esports organization founded in 2016, is tackling this challenge by offering individual fans the opportunity to become part of its ownership group through an upcoming equity financing round. This initiative exemplifies the increasing creativity, albeit complexity, exhibited by esports teams when it comes to raising funds amidst the onset of the esports winter.

Led by former Paramount Pictures VP Rob Moore, Sentinels has established a strong presence in games like Valorant, Apex Legends, and Halo, distinguishing itself through deep connections with the Valorant community. Moore proudly claims the organization as the most recognizable brand in Valorant.

The latest investment round, managed by Sentinels, is set to commence on July 15 and will be conducted through the Start Engine investment platform. Fans and investors can purchase small equity stakes in the team for a minimum fee of $300. With Sentinels valuing itself at $30.09 million for the funding round, a $300 investment represents roughly a 0.0001 percent stake in the company. The maximum bid is capped at $1.235 million, allowing approximately 4,000 individual investors to participate, assuming each contributes around $300.

While pursuing an equity financing strategy, Sentinels draws inspiration from its Sen Society, a subscription-based fan club launched in May 2023. Rather than launching another fan club, Sentinels offers exclusive benefits to fans who invest through Start Engine. Investments of $500 grant access to a limited edition jersey, $1,000 unlocks a varsity jacket, and $5,000 grants access to an owner's Discord channel, providing insight into Sentinels' business strategy.

"Our aim is to provide a platform for motivated fans to share their ideas with us," Moore explained.

It's important to note that Start Engine is a crowdfunding platform, not a rewards-based one like Kickstarter or Indiegogo. Investors on Start Engine hold shares in the company and will benefit if Sentinels goes public or is acquired. However, Sentinels has taken care to comply with SEC regulations and avoid implying any guarantee of increasing stock value. A disclaimer shared by Sentinels makes it clear that no money or consideration is being requested or accepted until the offer statement is filed and processed through a broker.

While Sentinels anticipates raising over $1 million through crowdfunding, there are potential challenges associated with treating fans as investors and involving the SEC in the process. Dealing with regulatory bodies can dilute the advantages of operating as a private company. Nevertheless, Sentinels remains optimistic about its pragmatic valuation of just over $30 million, which is considerably lower than valuations claimed by other major esports organizations. Moore cites a 63 percent increase in Sentinels' revenue in 2022 as a testament to the potential success of this capital-raising approach, although specific figures were not disclosed.

As brands reduce their esports investments and organizations face economic headwinds, it is crucial for esports teams to explore innovative fundraising strategies to establish a sustainable path forward. However, while crowdfunding initiatives like Sentinels' show promise in the short term, they should be considered temporary solutions rather than industry-wide remedies that can propel esports to widespread success.

Brad Manuel, CEO of gaming and esports marketing agency Livewire, emphasizes the need for revenue sharing and the exploration of effective monetization methods to ensure the long-term financial viability of the esports industry.

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Having ranked as the number one state in 2008, 2010, 2012, and 2018, Texas now finds itself at the sixth position, trailing behind Minnesota.

Despite this drop, Texas continues to showcase its competitiveness as a business hub. It still maintains the second-largest economy in the country, only surpassed by California, and holds the second-best economy after Florida.

The US Bureau of Labor Statistics' Economics Daily reports that Texas experienced the highest percentage of employment growth from May 2022 to May 2023, with a notable 4% increase.

In specific categories, Texas excels in access to capital, sharing the top spot, and ranks second in the workforce category, just behind North Carolina.

However, the Top States for Business study highlights some areas of concern for Texas. The state's infrastructure, education, and quality of life have witnessed a decline.

In terms of infrastructure, Texas dropped from #15 last year to #24 this year, which is the second most crucial factor in the study's methodology.

Additionally, the state's education ranking fell to #35 from #21 in the 2022 study, indicating one of the nation's lowest per-pupil spending levels.

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While these talks are still in the early stages, Disney's specific course of action remains uncertain. The conglomerate's India operations encompass the Disney+ Hotstar streaming service and Star India, acquired as part of the 2019 purchase of 21st Century Fox's entertainment assets.

The WSJ report indicates that Star India's overall revenue for the fiscal year ending in September 2023 is projected to decline by approximately 20%, settling just below $2 billion. Similarly, its earnings before interest, taxes, depreciation, and amortization are expected to drop by roughly 50% compared to the previous year's figure of around $200 million.

Furthermore, the report suggests that Hotstar is anticipated to experience a loss of 8 million to 10 million subscribers in the third fiscal quarter.

Disney Star, the rebranded entity comprising Star India, encompasses numerous television channels and a stake in a film production company.

Like its counterparts in the broadcasting industry, Disney is facing challenges arising from macroeconomic factors, impacting advertising revenue and subscriber growth. In an effort to reduce costs, the company previously announced plans in February to eliminate 7,000 jobs as part of a comprehensive restructuring strategy to save $5.5 billion.

At the time of reporting, Disney had not provided an immediate response to Reuters' request for comment.

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Over a span of five years, the grant will be utilized to address key areas such as physical activity, nutrition, and food access through community engagement, data collection, and education on food equity. The Partnership for a Healthy Durham, founded by Duke, will join the Healthy People, Healthy Carolina initiative alongside 24 other organizations working to combat chronic health issues in the Carolinas.

Bria Miller, coordinator of the Partnership for a Healthy Durham, expressed gratitude for the grant, emphasizing the importance of time, resources, and building strong relationships to achieve substantial impact. The funding has enabled the Partnership to hire a specialist focused on physical activity, nutrition, and food access, providing the necessary resources to forge connections and ensure progress in these areas.

The Partnership has also enlisted the expertise of race equality consultants from Communities in Partnership, organizing a four-part series that delves into racial equity and food justice. Miller highlighted the Partnership's shift towards sustainable systemic change rather than relying solely on charity efforts.

Looking ahead, the grant will support the operationalization of the Partnership's race equity principle, community engagement events, feedback collection, and implementation of new findings. This includes the planned hosting of future community cafes in English and Spanish, based on the County Durham Food Apartheid Map created by the Partnership.

Additionally, the grant aims to engage the community by promoting community-driven initiatives, such as providing leadership roles to more Durham residents within the organization and conducting hearings in public schools across the city. The current phase of the grant focuses on a one-year launch period, aiming to achieve its goals by December 2027, while also providing training and technical support to ensure the continuity of projects.

Michelle Lyn, assistant professor in family medicine and community health, emphasized the importance of ongoing support to sustain the progress of coalition efforts. The grant exemplifies the collaborative nature of organizations in Durham, with the Partnership actively working with Durham Government on the county's triennial community health assessment, which places significant emphasis on community involvement.

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With approximately 90% of businesses in the United States being family-owned, the institute aims to address the challenges that are common to all businesses while also focusing on the unique issues faced by family-run companies. Executive Director Brad Bechtold emphasized the prevalence of family businesses throughout South Carolina and highlighted the institute's mission to foster collaboration and camaraderie among successful family-owned enterprises.

Established in 2020 with the support of prominent local businesses such as Spinx, Jennings Dill Inc. Mechanical Contractors, Sargent Metal, and T&S Brass, the institute provides a range of programs and resources to help family businesses thrive and sustain their success. These offerings include assistance with succession planning, development of governance structures, and guidance on tax and estate planning.

One of the institute's key advantages is the opportunity for peer-to-peer engagement, allowing family business leaders to learn from and share experiences with others who have encountered similar challenges. Succession planning, in particular, poses a significant concern as a large number of family business leaders are expected to retire within the next five years without having designated a successor. The institute aims to address this critical issue through tailored guidance and support.

Recognizing the widespread need for their services, the Kim S. Miller Family Business Institute is dedicated to expanding its reach across the entire state of South Carolina. By providing the necessary resources and fostering a supportive network, the institute strives to ensure the long-term success and sustainability of family-owned businesses throughout the region.

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Eleven videos captured Madigan engaging in activities outside working hours, utilizing non-city vehicles. He was observed accessing the city's fuel locker and transferring fuel tanks to and from private vehicles.

While the investigation found no evidence of the first two claims against Madigan—fuel theft from the Town of Middleton MOC and equipment theft—the third claim was substantiated. The records revealed that Madigan had been conducting his profitable personal business from the Middleton Operations Center, utilizing town equipment and resources, for a minimum of ten years. The revelation came to light when another employee in his department installed a hidden camera in the garage for after-hours surveillance.

Town Administrator Bryan Gadow, leading the investigation, emphasized the importance of responsible management of taxpayer funds and resources, expressing the need for clear expectations moving forward. Although the video evidence did not conclusively prove fuel theft, investigative documents suggest that it was likely occurring.

Gadow acknowledged uncertainty regarding how the situation remained undetected for such an extended period but cited recent leadership changes and a prompt and thorough investigation once the evidence surfaced.

Regarding disciplinary actions, Gadow found that existing Middleton Township rules did not explicitly prohibit personal use of city property by taxpayers. Consequently, policy revisions are underway to establish clear and legally binding expectations, aiming to prevent similar incidents from occurring in the future.

Gadow stated that if additional information surfaces, further investigations may be conducted regarding the fuel discrepancies. In light of the substantiated allegations, Public Works Director Shawn Stauske sent a letter to Madigan, offering him the choice to either resign for operating a private business on city property or face termination. Madigan chose to resign, receiving a $30,000 payment for claimed overtime work totaling 467 hours. Additionally, a new policy addressing the approval of overtime has been implemented in response to this incident.

Records indicate that Stauske, who failed to report or investigate the situation, was placed on probation for six months.

Despite numerous attempts to contact Madigan for comment over the past month, he has yet to respond to NBC15 Investigates.

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Having enrolled over 500 students from Chhattisgarh alone and more than 1000 students from all across India, KAC and Paper Planes Education go beyond the admission process. They provide comprehensive support, including online and offline MCI classes, mentoring, and guidance from the initial days of university until graduation and even beyond when students return to India. This immense responsibility has been shouldered remarkably well by the organization over the past eight years.

The seminar aimed to raise awareness about pursuing medical education abroad. The event witnessed the esteemed presence of the Vice Dean of Jalal-Abad State University and the Vice Dean of Osh International Medical University, who graced the occasion as chief guests. Dr. Subhayu Sikdar and Dr. Prashant Belchandan warmly welcomed the guests.

As part of the program, spot admissions were offered, and admission letters were issued to approximately 45 students. The seminar garnered significant attention, with over 150 attendees seeking valuable insights into foreign medical education.

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In recent developments, GQG Partners, an Australian-listed investment firm led by Rajiv Jain, invested approximately $1 billion in additional stakes across various Adani companies, including Adani Green Energy and Adani Enterprises. The transactions were carried out through block deals, with GQG Partners acquiring a 2.2% stake comprising 35.2 million shares in Adani Green Energy and a 1.6% stake comprising 18 million shares in Adani Enterprises. GQG Partners has been actively investing in the Adani conglomerate following a significant decline in their stock prices triggered by Hindenburg Research's critical report, which accused the group of financial misconduct and stock manipulation. As a result, Adani companies collectively lost $147 billion in market value.

Meanwhile, the shares of Adani Green Energy witnessed a slight increase in trading on Tuesday. The stock closed at Rs 944.45, reflecting a 0.27% rise from its previous closing price of Rs 941.90. The trading volume amounted to Rs 79.03 lakh, contributing to a market capitalization of Rs 1,49,532.67 crore.

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In June, India imported 1.8 million barrels per day (mbd) of Russian crude. China's seaborne imports of Russian crude also rose by 12% to 1.6 mbd in June, surpassing May's figures. Furthermore, Europe recorded a 28% increase with 0.42 mbd of Russian crude imports compared to the previous month.

The share of Russian oil in India's overall imports declined from 43% in May to 39.5% in June. However, Russia's share still closely matched the combined share of Iraq (18.6%), Saudi Arabia (16.1%), and the US (5%), which are the next three largest suppliers to India.

Vortexa analyst Serena Huang commented, "India's imports of Russian crude have decreased in June due to lower exports from Russia. There is still uncertainty regarding whether Russia will maintain its production cuts or increase production in the upcoming months, given the country's reliance on oil revenues. While it is premature to conclude whether India's imports of Russian crude have reached their peak, Indian refiners continue to display a strong appetite due to favorable economics."

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Interestingly, those investors operating at a slower cadence expressed a preference for a more cautious approach. Gen Tsuchikawa, CEO of Sony Ventures, explained, "We have always been selective in our investments, and we are currently maintaining flexibility in the cadence of our investments."

Dham also emphasized the importance of prudence in the foreseeable future, stating, "Once we understand the new operating cadence of businesses and appropriately evaluate the pricing, we can proceed accordingly. Another significant factor to consider is the reduced participation of the most active investors in the 2018-2021 period. As they retreat, there is likely to be less capital available for startups, which can impact pricing dynamics."

In contrast, Grace maintains an optimistic outlook, asserting, "I believe the dealmaking cadence will continue to rebound. Optimism is essential in this industry!"

Logan Allin, managing partner and founder of Fin Capital, revealed that his firm emerged as the most active fintech investor globally in Q1, thanks to its focus on early-stage startups led by experienced founders.

Allin shed light on his firm's confidence, explaining, "The increased rate of new company formations can be attributed to management teams passing the reins to professional managers for IPOs, acquisitions, or buyouts, as well as seasoned entrepreneurs with underwater options opting to move on."

To gain further insights into the investment landscape of the past six months and the strategies these investors plan to employ in the coming months, continue reading the full article.

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The Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, recorded a reading of 57.8 in June, a slight decrease from May's figure of 58.7. However, the PMI remained above the crucial 50-mark, indicating expansion rather than contraction.

Despite grappling with increased inflationary pressures, the industry's performance was bolstered by strong and sustained demand. The survey highlighted the enduring appetite for Indian-made goods, both in the domestic market and across international borders.

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The 8(a) MAS Pool Initiative seeks to provide opportunities for socially and economically disadvantaged small businesses. Such businesses must be at least 51% owned and controlled by individuals who have faced prejudice or cultural bias within American society due to their ethnic or racial identity. Eligibility criteria also include specific financial thresholds. Once accepted into the 8(a) Business Development Program, small businesses gain participant status for a period of nine years, during which they can benefit from various federal subcontracting programs.

President Biden's commitment to supporting disadvantaged small businesses and increasing their participation in federal contracting has been a driving force behind this initiative. His administration aims to allocate 15% of federal prime contracting dollars to disadvantaged small businesses by 2025. The 8(a) MAS Pool Initiative aligns with this goal and represents another step toward its achievement.

Under the agreement, SBA and GSA will collaborate to streamline the procurement process within the MAS 8(a) program across government agencies. GSA has already identified active 8(a) Program participants, and SBA will evaluate their eligibility for inclusion in the 8(a) MAS pool. Accepted participants will receive a separate determination, notifying agency buyers of their eligibility for competition and 8(a) set aside awards within the MAS contract(s). This designation will enable agencies to meet their spending goals while supporting disadvantaged small businesses in the swimming industry.

The 8(a) MAS Pool Initiative represents a significant opportunity for small businesses to thrive and make meaningful contributions to the swimming industry, with the support and recognition of both SBA and GSA.

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This year has been notably devoid of any new unicorns in the Indian startup ecosystem, in stark contrast to the 18 new entrants during H1 2022 and 16 during the corresponding period in the previous year.

The funding downturn has affected startups at various stages, with seed funding deals plummeting from 936 in H1 2022 to 325 in H1 2023, according to Tracxn's data. Early-stage funding rounds, including Series A and Series B, also saw a decline from 296 and 211 deals in 2022 and 2021, respectively, to 108 deals in 2023. Late-stage funding experienced a similar slump, with only 36 deals compared to 137 and 114 during the same periods in previous years.

The slowdown can be attributed to a reduced participation of late-stage investors who were previously active in backing Indian startups. Tiger Global, for instance, has made just one deal in India this year, while SoftBank and Insight Partners, which invested heavily in late-stage startups in previous years, have been relatively inactive.

SoftBank has been focusing on increasing liquidity, reportedly selling portions of its Paytm stake on a daily basis. However, the company's CEO, Masayoshi Son, mentioned plans to resume AI investments and go on a "counteroffensive" in the near future at the company's annual general meeting.

Tiger Global also indicated that it is unlikely to make new investments in Indian startups for several months, according to a partner at the firm. Sovereign funds, particularly from the Middle East, have been the primary financiers of late-stage deals in India recently.

Industry experts, such as Rahul Chandra, co-founder of Arkam Ventures, anticipate a delay of at least two years before some prominent late-stage investors return to their previous levels of investment activity in India.

The absence of late-stage backers and a lack of IPOs have also impacted the enthusiasm of many mid-stage investors, who are struggling to adapt their underwriting models to the current public market sentiment. Several high-profile Indian startups, including Byju's, Swiggy, and PharmEasy, have experienced significant valuation adjustments, with reductions of 50% or more.

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Founded by Yann Ravel-Sibillot, Rémi Legorrec, and Aurélie Hadida, Flowie's CEO brings a wealth of experience in managing invoices at scale, having previously served as the CTO of Big Mamma and worked on Sunday, a streamlined restaurant checkout flow.

Flowie's primary objective is to enhance the invoice management process for businesses. Acting as a central repository, the platform seamlessly integrates with existing tools, including ERP systems housing contracts, order numbers, and receipts. Furthermore, it seamlessly integrates with CRMs, providing valuable context about client and supplier relationships. By connecting to bank accounts, Flowie can effortlessly track payments received and initiate new transactions.

Traditionally, when a supplier's invoice is received, the accounting department often faces uncertainty about its validity and whether the company has received the corresponding goods or services. Rather than creating internal friction through endless conversations, Flowie empowers any team member to validate transactions. Leveraging automated data extraction from invoices and the ability to add contextual files, approvals become efficient and straightforward.

Once a transaction is approved, users can opt to pay immediately or schedule future payments. In the latter case, Flowie even allows users to notify suppliers of the scheduled payment, eliminating the need for follow-ups on pending invoices.

On the accounts receivable side, Flowie enables companies to upload invoices, which are then converted into e-invoices with QR codes. Clients can conveniently access various payment methods, including bank transfers, card payments, and direct debits. Additionally, Flowie supports the offering of early payment discounts to further streamline transactions.

While Flowie is still in its early stages, the startup has garnered support from business angels and currently employs 11 dedicated team members. Notably, the platform has already processed hundreds of millions of euros worth of invoices, showcasing its potential impact in transforming financial management for businesses.

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To support its ambitious growth plans, ShopZetu has successfully raised $1 million in pre-seed funding. The funding round was led by Chui Ventures, with participation from Launch Africa, Roselake Ventures, and Logos Ventures. Notably, prominent angel investors such as the CEO of RT Knits, the co-founder and CEO of Nadine West, an executive from Estee Lauder Inc, the CEO of WPP Scangroup, and the co-founder and CEO of Twiga Foods also joined the round.

As part of its expansion strategy, ShopZetu will conduct trial runs of regional delivery services in Rwanda, Tanzania, and Uganda. These initiatives aim to extend the platform's reach beyond its initial launch in Kenya in 2021.

Marvin Kiragu, the CEO of ShopZetu and co-founder alongside Wandia Gichuru, who is also the co-founder of the renowned Kenyan fashion brand Vivo, shared their vision for the company. They aspire to create a one-stop-shop where customers can express their identities through fashion, beauty, and home décor choices.

With its recent funding injection and strategic plans, ShopZetu is poised to transform the fashion e-commerce landscape in Africa, providing an unparalleled shopping experience for style-conscious individuals across the continent.

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Kindred Ventures' track record, including successful investments in companies like Uber, Coinbase, and Postmates, has solidified their position as a reliable investor. Notably, they recently made a seed investment in Humane, a secretive startup co-founded by former Apple team members Imran Chaudhri and Bethany Bongiorno, later leading the company's $100 million Series C round in March.

During the interview, Kindred Ventures' managing directors, Steve Jang and Kanyi Maqubela, shared their perspectives on the future of startups, focusing on the impact of AI advancements. Their discussion touched on whether the ongoing progress in AI will lead to a proliferation or reduction in the number of startups. Stay tuned for the upcoming podcast featuring the complete conversation.

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The Alluring Charm of Delhi Flower Mandi:

Nestled in the heart of Delhi, the Delhi Flower Mandi comes alive with the first rays of sunlight. As dawn breaks, the market springs to life, bustling with activity as vendors, florists, and flower aficionados gather to immerse themselves in a world of captivating blossoms. The Mandi is a treasure trove for flower lovers, offering a mesmerizing array of choices ranging from classic roses, elegant lilies, and fragrant marigolds to exotic orchids, delicate tulips, and cheerful daisies.

Stepping into the Delhi Flower Mandi is a sensory delight. The air is infused with the intoxicating fragrance of fresh flowers, and vibrant hues adorn every corner, creating an ambiance of natural beauty. The market attracts local florists and event planners who meticulously select flowers to craft stunning bouquets, intricate arrangements, and ornate garlands for weddings, festivals, and joyous celebrations.

Ask4brand: Pioneering the Floral Industry:

Within the bustling milieu of the Delhi Flower Mandi, a young and innovative startup called Ask4brand has emerged, poised to transform the floral industry. Ask4brand is an online platform that seamlessly connects flower vendors and customers, providing a convenient and hassle-free experience to purchase and deliver flowers across Delhi. With their user-friendly website and mobile application, Ask4brand brings the enchantment of the Mandi to customers' fingertips, allowing them to explore and order an extensive range of blossoms from the comfort of their homes or offices.

One of the standout features of Ask4Brand is its diverse collection of flowers. Collaborating with various flower suppliers from the Delhi Flower Mandi, Ask4brand ensures a stunning variety of blooms to cater to different tastes and occasions. Whether customers seek a romantic bouquet of roses to express their love or a vibrant assortment of seasonal flowers to brighten up a space, Ask4Brand offers an extensive selection to meet their desires.

Ask4brand places the utmost emphasis on maintaining the highest quality standards. Every flower is meticulously handpicked and undergoes stringent quality control measures to ensure that only the freshest and most exquisite blooms reach customers' doorsteps. The flowers are expertly packaged to preserve their beauty and fragrance, guaranteeing their arrival in pristine condition. Timely delivery is another hallmark of Ask4Brand service. We understand the significance of punctuality, particularly for special occasions and events.

The Delhi Flower Mandi and the emergence of Ask4brand have breathed new life into the floral industry, bringing convenience and accessibility to flower enthusiasts and customers alike. The Mandi stands as a vibrant marketplace where traders and customers can immerse themselves in a wide array of flowers, while Ask4brand has leveraged technology to streamline the buying and delivery process.

With its unwavering commitment to quality, diversity, and customer satisfaction, Ask4brand has swiftly established itself as a reliable and innovative player in the floral market. As the floral industry continues to bloom in Delhi, the Delhi Flower Mandi and Ask4brand remain at the forefront, providing a flourishing platform for floral enthusiasts and ensuring that the timeless beauty of nature is celebrated and cherished.

The task force's objective is to address the challenges faced by government agencies, such as police departments and parks departments, in complying with valid requests for public records in the digital age. While technology has revolutionized various sectors, making processes more efficient and accessible, the same benefits have not been fully utilized by government entities when it comes to fulfilling FOIA requests.

Highlighting the need for an update, Attorney General Griffin stated, "The last time FOIA was updated, the iPhone hadn't been invented yet. Since then, the use of digital data and new communications technology has grown exponentially, making responding to FOIA requests more complex and increasing the volume of such requests."

However, concerns have been raised regarding the potential limitation of public access to information. Skepticism arises from the task force meetings being closed to the public and previous attempts to weaken FOIA rules during the legislative session. While Griffin emphasized the bipartisan nature of the task force, some doubt the genuine commitment to preserving transparency and public access.

Arkansas has long been recognized as a state with strong "sunshine laws" ensuring government transparency. Nevertheless, recent attempts to diminish the public's access to government actions have surfaced. Proponents seeking to undermine FOIA have sought to establish a narrative that the existing laws are incompatible with modern realities. These efforts aim to convince lawmakers, before the next session in 2025, that limiting public access to governmental operations is in the public interest.

It is crucial for citizens who believe in government accountability to urge their elected officials to oppose any attempts to restrict access to public records. Preserving the transparency and integrity of Arkansas' "sunshine laws" is essential for an informed citizenry and a well-functioning democracy.

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During a visit to the 12News studios, the 10-year-olds proudly introduced one of their prized snakes, named Credos, shedding light on the inception of their enterprise, which was facilitated by their father, Eric.

"I've always been fascinated by reptiles and had been pleading with my parents to get me a snake. Finally, they relented, and my dad came up with the idea to breed them," shared Tatum, expressing her passion for these elongated creatures that can grow up to 5-6 feet long.

While Tatum finds joy in her scaly companions, Trinity's interest is piqued by the financial prospects that come with their business endeavor.

"For me, it's about the money," she candidly admitted.

Their parents and brother, Cole, have played an integral role in developing their YouTube channel, offering additional support to their budding enterprise. The twins' dedication has attracted attention, particularly from reptile expert Juline Hermes, co-owner of the Arizona Tortoise Compound.

"I'm thrilled for these two because they represent the next generation, and we need young enthusiasts like them," Hermes expressed with enthusiasm, overseeing the vast array of reptiles at the West Valley complex.

Although the snake sales haven't commenced yet, Trinity and Tatum are poised to seize the opportunity. They even provided insights into the unique qualities of their pets.

"Ball Pythons are fascinating; they can sit on your lap throughout an entire movie," Tatum elaborated.

"Her personality is more exploratory as she remains remarkably calm, even in frightening situations," Trinity explained, showcasing her understanding of their snakes' temperaments.

While prices for their snakes vary, prospective owners can rest assured that these slithering companions are in good hands until they find their new homes.

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The exact amount that Woltz is obligated to pay to the city remains uncertain.

According to Zier's order, as of June 8, Woltz, Holly, and S&C collectively owe the city a sum of $13,086.56. This includes an outstanding amount of $6,503.88 owed by Woltz and his wife, and an additional $6,582.68 attributed to S&C.

Uncertainty Surrounds Aiken Mayor Pro Tempore Ed Woltz's Remaining Payment Obligations

During the hearing on June 8, it was revealed by Hearing Officer Kelly Zier that on September 15, 2022, Woltz had already made a payment of $11,477.63 to the city. However, the exact amount owed by Woltz remains unclear, with two potential figures of either $13,086.56 or $1,608.93 ($13,086.56 - $11,477.63), as the city needs to verify the amount provided by Woltz.

Representing the city were Rob Tyson and Jasmine Smith from Robinson Gray, a law firm based in Columbia. On the other hand, Clarke McCants III from the Aiken Nance and McCants law firm served as Woltz's representative during the proceedings.

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Chairman and CEO Larry Fink emphasized the increasing trend of clients entrusting their investment management and financial technology needs to BlackRock, likening it to organizations adopting cloud providers for their technology requirements. BlackRock has been at the forefront of financial technology since before the advent of cloud computing. Fink's experience at First Boston, where a loss of $100 million resulted from miscalculated hedges, taught him the importance of meticulous back-office control. Consequently, he developed Aladdin, a risk management system integrated with the investment process, serving as a comprehensive portfolio risk overview and enabling effective position keeping, record keeping, and risk control.

Recognizing an opportunity in 1994, BlackRock began leasing the Aladdin system to external parties. The firm's risk analysis services found takers among major players like General Electric and Freddie Mac, expanding to encompass over $400 billion in assets for ten clients by the end of 1998. When the financial crisis struck in 2008, Aladdin played a pivotal role, with its services employed by the Federal Reserve and the Treasury during the industry bailout. By the end of that year, Aladdin's reach extended to 135 clients managing $7 trillion in assets.

Today, Aladdin boasts an impressive customer base of 1,000, with over 77,000 financial advisors and 50,000 professionals in 70 countries relying on its capabilities. It has become the common operating system underpinning the global asset management industry, with Bloomberg Opinion acknowledging its dominance. Aladdin represents a profitable business for BlackRock, generating recurring revenue. Sudhir Nair, head of Aladdin, envisions an addressable market size of $12.5 billion, targeting institutional investors' technology spending in support of the investment process. By acquiring new clients and expanding into areas like private markets and accounting, Nair aims to increase Aladdin's current 11% market share, potentially matching the size of BlackRock's traditional asset management business.

Nair emphasizes the evolving nature of portfolios, which now require a holistic approach encompassing various asset classes, liabilities, public and private investments, tax efficiency, and sustainability preferences. Aladdin aims to address these changing needs and enhance the industry's technology and data infrastructure. Notably, upcoming regulatory changes, such as the European Union's Digital Operational Resilience Act taking effect in 2025, will subject technology service providers like Aladdin to heightened scrutiny. While this may present challenges, Aladdin's substantial scale positions it favorably to absorb compliance costs, granting it a competitive advantage over smaller rivals.

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Notable figures in attendance include Blinken, UK Prime Minister Rishi Sunak, and European Commission President Ursula von der Leyen, all hoping to secure significant business support for Ukraine. British Foreign Secretary James Cleverly emphasized the conference's focus on encouraging private sector investments in Ukraine's reconstruction and recovery while ensuring long-term security by demonstrating the effectiveness and safety of such investments.

While the fight against corruption is a priority, Ukraine's Western allies have not explicitly tied funding to anti-corruption measures. Blinken asserted that post-war Ukraine must possess "the strongest possible economy" and "the strongest democracy possible" to attract the urgently needed investment. Consequently, the conference aims to create an ideal environment for investment by addressing corruption and implementing favorable conditions.

Over 60 countries are represented by politicians, diplomats, and business leaders attending the two-day event, with companies such as BT, Virgin, Philips, and Hyundai Engineering already committing to investing in Ukraine. The magnitude of Ukraine's needs is staggering, with many advocating for a modern-day equivalent of the Marshall Plan that facilitated Europe's reconstruction after World War II. Russian attacks had already devastated Ukraine's infrastructure, and this month's collapse of the Kakhovka dam due to an explosion added to the crisis by flooding thousands of hectares and displacing numerous individuals.

Sunak, opening the conference alongside Ukrainian President Volodymyr Zelenskyy, will call for investments in technology and green energy to help create "a financially stronger and technologically advanced Ukraine." The United Kingdom has pledged £240 million ($305 million) in aid and £3 billion ($3.8 billion) in World Bank loan guarantees for Ukraine.

The UK also seeks progress in securing wartime risk insurance for companies investing in Ukraine, although the details of this plan remain unclear. Last year, at the recovery conference in Switzerland, Ukraine requested that the frozen Russian assets held by Western nations since the invasion be utilized for its recovery. This proposal is still being discussed, but Britain has taken a step forward by extending sanctions on Russia, ensuring that the frozen funds remain inaccessible until Ukraine receives compensation for the invasion. Cleverly emphasized the notion of "natural justice" that Russia should be held accountable and pay for the damage caused.

Achim Steiner, the head of the United Nations Development Programme and the top UN official at the conference, stressed that reconstruction cannot wait until the war is over. He noted that reconstruction is not solely a future endeavor but also encompasses planting the seeds of recovery, both as a physical and psychological strategy, even during the most challenging times and crises.

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Walmart, once dismissive of Amazon's rise, finds itself grappling with the existential threat posed by the relentless expansion of the 29-year-old e-commerce giant. Del Rey's book primarily focuses on Walmart's CEO, Doug McMillon, and the company's attempts to develop a competitive strategy in the face of Amazon's rapid growth. As Walmart recognizes the need to make up lost ground, Del Rey reveals the internal concerns about the company's future if it fails to bridge the gap.

Del Rey also highlights Amazon's increasing vulnerability as it encounters obstacles hindering its ability to maintain its previous agility. The company's dismissal of critics and strained interactions with powerful government figures have attracted attention and stirred animosity. In contrast, Walmart executives have made efforts to engage with critics, demonstrating a willingness to listen and consider alternative perspectives.

Despite its successes, Amazon has faced its fair share of operational missteps. The acquisition of Whole Foods in 2017, expected to showcase Amazon's innovative prowess in physical retail, has fallen short of expectations. The company's heavy emphasis on technological differentiation has sometimes overshadowed the importance of seamless operations and customer experience. Consequently, some of Amazon's physical stores have received criticism for prioritizing technology over overall shopping satisfaction.

Del Rey's book provides a comprehensive exploration of the ongoing rivalry between Walmart and Amazon, uncovering Walmart's struggles and Amazon's operational challenges. It offers valuable insights into the dynamic landscape of e-commerce and the competitive forces shaping the retail industry.

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In March, the e-commerce giant announced its decision to divide into six separate business units, each headed by its own CEO and board of directors. Additionally, Alibaba adopted a holding company management model, representing the largest overhaul in its 24-year history.

Outlined below are the six divisions:

1. Taobao Tmall Commerce Group: This segment encompasses Alibaba's dominant e-commerce platforms in China, Taobao and Tmall. Despite the maturing e-commerce sector in China and the impact of COVID-19, this division still generates over two-thirds of Alibaba's total revenue. Trudy Dai, a founding team member, serves as CEO.

2. Global Digital Commerce Group: Alibaba's international e-commerce marketplaces, including Lazada (serving Southeast Asia) and AliExpress (popular in Russia, Latin America, and parts of Europe), fall under this unit. While facing strong local competition, these platforms represent some of Alibaba's fastest-growing divisions. Jiang Fan, formerly responsible for Taobao and Tmall businesses, leads this group.

3. Cloud Intelligence Group: Aliyun, Alibaba's cloud computing unit, resides within this division. The company holds a dominant market share of 36% in China's domestic cloud computing sector. The group also houses DAMO Academy (Alibaba's chip and AI research arm) and Dingtalk (its workplace messaging app). A full spinoff of the Cloud Intelligence Group is planned, with a public listing expected within the next year. Alibaba CEO Daniel Zhang currently heads this unit.

4. Local Services Group: This segment includes food and grocery delivery services, such as Alibaba's Ele.me app and Amap (its mapping app). Competition with Meituan, a Hong Kong-listed company, intensifies in China's food delivery sector. Local services currently contribute only 5% to Alibaba's total revenue. Yu Yongfu holds the position of CEO, and Freshippo, Alibaba's grocery arm, is preparing for an initial public offering.

5. Cainiao Smart Logistics: Established in 2013 through investments in various Chinese logistics companies, Cainiao has become a major logistics provider in China, serving both Alibaba and third-party clients. Cainiao represents 7% of Alibaba's total revenue. CEO Wan Lin will continue to lead the unit, which aims to explore an IPO within the next 12-18 months.

6. Digital Media and Entertainment Group: This division encompasses Youku, Alibaba's streaming video site akin to YouTube, as well as Alibaba Pictures, its film production unit.

Alibaba's restructuring and CEO succession signify a significant shift in the company's management and operational structure, as it seeks to adapt to evolving market dynamics and sustain growth across various business sectors.

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On Monday, Asian shares experienced a decline, primarily driven by the downfall of Chinese technology companies. Investors adjusted their expectations regarding further stimulus from China following a crucial meeting that provided scant information on a stimulus package.

The region's shares, as indicated by a gauge, dropped by 0.7%. Mainland China and Hong Kong benchmarks, along with Japanese and South Korean shares, all witnessed declines. However, Australian stocks remained relatively stable, edging up by approximately 0.6%. Meanwhile, European stock supplies also faced a downturn, while U.S. stock and bond markets were closed on Monday due to the holiday.

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The Eureka Blood Bank encourages blood donation by providing Jitter Bean drink cards to donors during the event. With a goal of recruiting 3,000 new first-time blood donors annually, the blood bank emphasizes the importance of community service through blood donation.

Operating from 8 a.m. to 7 p.m., the Eureka Blood Bank invites donors to participate. Additionally, the Bloodmobile will be stationed at Ray's Food Place in Fortuna and Valley West Shopping Center in Arcata from noon to 6 p.m. on Wednesday.

Eureka residents can also look forward to an exciting Sidewalk Sale and Display organized by Main Street Eureka on June 24th, running from 11 a.m. to 4 p.m. The sale will feature participating shops in Old Town and Downtown, offering enticing sidewalk deals, in-store promotions, and engaging product demonstrations.

The press release encourages the community to seize this opportunity to discover amazing deals, learn more about the local area, and support small businesses in Eureka.

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CDF kicks off its new monthly series focusing on labor and employment matters that often arise in business dealings, particularly during these unusual economic times. While some businesses continue to grow through acquisitions, others are experiencing contraction and downsizing. For companies considering downsizing, CDF provides valuable insights into federal Workforce Adjustment and Retraining Notification Act (WARN Act) requirements.

The WARN Act mandates certain notice requirements for layoffs and plant closings. It applies to businesses that meet either of the following criteria: (i) having 100 or more employees, excluding part-time employees and those with less than 6 months of service in the past 12 months; or (ii) having 100 or more employees, including part-time employees, whose combined weekly hours exceed 4,000 hours, excluding overtime ("Covered Business").

Covered businesses must adhere to WARN Act notice requirements when experiencing: (i) a mass layoff, which refers to a reduction in force not resulting from plant closure but causing employment loss of at least 50-499 covered employees (representing at least 33% of the total active workforce) or 500 or more covered employees at a single place of employment within a 30-day period; or (ii) a plant closing, defined as the permanent or temporary closure of a single place of employment or multiple facilities/operating units leading to work loss for 50 or more covered employees within a 30-day period. The Department of Labor provides specific definitions for single places of employment, highlighting that a facility may encompass several single places of employment. This analysis is highly fact-specific, subject to 90-day review periods, and should consider the latest case law developments. There are exceptions to the notification requirement in cases of failing businesses, unforeseeable circumstances, and natural disasters. It is crucial to review the specific definitions in the WARN Act before making conclusions about notification obligations.

When a triggering event occurs, covered businesses must provide 60 calendar days' advance notice to employees or their representatives, the local chief elected official, and the State Rapid Response Displaced Worker Unit. Prompt assessment of this notification requirement is essential to avoid disrupting transactions or business restructurings and mitigate the risk of financial damages and penalties. Violations of the WARN Act's notice requirement can result in liability to affected employees for back wages and benefits during the violation period (up to 60 days) and civil penalties of up to $500 per day.

Considerations for State Laws

Many states, including California, have "mini-WARN" acts with stricter standards and notification requirements. Employers must comply with both federal and state WARN laws whenever a covered facility experiences a triggering event. California's WARN Act ("Cal WARN") applies to industrial or commercial facilities employing or having employed at least 75 individuals in the past 12 months ("Covered Establishment"). Cal WARN is triggered when a Covered Facility layoff affects 50 employees (or one-third of full-time employees) and lasts for at least 6 months, with some exclusions.

To avoid potential complications in transaction timelines and exposure to damages and penalties, it is essential to evaluate potential cuts related to pending transactions or restructurings as early as possible. Non-compliance with WARN Act requirements may also expose officers, directors, and secured creditors to liability.

CDF remains dedicated to providing guidance and expertise on labor and employment issues during business transactions and restructurings. Stay tuned for more valuable insights in their upcoming monthly series.

For further information about CDF and their services, visit their official website or contact their office directly.

About CDF:

CDF is a leading law firm specializing in labor and employment matters. Their team of experts offers comprehensive legal services,

 focusing on compliance, litigation, and strategic counseling. CDF is committed to assisting businesses in navigating the complexities of labor laws and regulations, ensuring employee rights and interests are protected while achieving business goals.

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During the CERAWeek 2023 conference by S&P Global in Houston, Texas, Shell CEO Wael Sawan made an announcement that signaled the company's decision to refocus on its primary business of oil and gas production, refining, and sales. This move aligns Shell with its industry counterparts who have also been emphasizing their core operations.

Following a significant court ruling in the Netherlands two years ago, former Shell CEO Ben van Beurden unveiled a plan to not only limit capital output growth to reduce emissions but also actively decrease production by 1-2% annually until 2030. These cuts were planned through the sale of non-core assets and the natural depletion of existing reserves. At that time, the energy transition narrative had gained prominence, promoted by governments, ESG investor groups, and media platforms following Joe Biden's election victory in 2020. The increased emphasis on the energy transition had placed considerable pressure on management teams across various corporations in the industry.

However, Shell's recent announcement signifies a shift back to focusing on its core oil and gas operations. This move raises questions about the dominant position of the energy transition narrative in ongoing energy discussions and debates. The global energy industry currently faces various challenges, including the impact of the pandemic, geopolitical changes, high energy prices, supply chain limitations, and economic instability, contributing to the evolving dynamics in the sector.

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During a recent address at the Greater Boston Chamber of Commerce, Senate President Karen Spilka outlined various tax cuts her leadership supports, focusing primarily on individuals and working families. However, following her speech, Chamber CEO Jim Rooney voiced the business community's apprehension regarding the limited provisions for businesses. The Senate was set to debate and pass the tax relief package the following day, with the business community favoring an alternative backed by the House of Representatives. The House plan includes a reduction in the state's short-term capital gains tax and a shift to a "single sales factor" approach for corporate taxes.

The Senate's proposed tax relief package, amounting to approximately $600 million annually, represents a more cautious approach compared to the House's $1.1 billion plan. This divergence stems partly from the Senate's response to an unexpected drop in tax collections. Rooney specifically questioned Spilka about the capital gains tax cut and urged for more direct tax relief tailored to the business community. Spilka highlighted discussions within the Senate Democratic caucus, emphasizing their focus on individuals and families currently facing financial challenges.

Spilka acknowledged concerns about the state's economic competitiveness and mentioned proposed funding for community colleges, workforce training programs, and housing. She also highlighted the Senate's support for establishing a commission on mobility pricing to explore options for increasing road revenue and promoting public transit usage. While recognizing the business community's priorities, Spilka made it clear that the Senate was not willing to allocate as much funding for tax relief as the House.

With the Senate's anticipated approval of the tax relief plan, the final outcome will be determined in a conference committee featuring negotiators from both chambers.

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Netflix is taking its culinary content to the next level with the launch of Netflix Bites, a pop-up restaurant located within the Short Story Hotel in Los Angeles. The pop-up will feature renowned chefs and personalities from Netflix's popular cooking shows, including Curtis Stone from Maude and Gwen, Dominique Crenn, Ming Tsai, and Andrew Zimmern from Iron Chef: The Quest for an Iron Legend.

The star-studded lineup doesn't stop there, as pitmaster Rodney Scott from Chef's Table: BBQ, Ann Kim from Chef's Table: Pizza, Nadiya Hussain from Nadiya Bakes, and Jacque Torres from Nailed It! will also contribute their culinary expertise to create an inspiring tasting menu. To complement the dining experience, mixologists Frankie Solarik, Julie Reiner, LP O'Brien, and Kate Gerwin from Drink Masters will craft custom cocktails exclusively for the pop-up.

Operating from June 30 to July 13, Netflix Bites will serve dinner from 5 pm to 10 pm every day, with the addition of weekend brunch. While specific menu items and pricing details remain undisclosed, food enthusiasts in Los Angeles can now reserve their spots for this unique dining opportunity, marking Netflix's first venture into the realm of physical restaurants. It's worth noting that the future of Iron Chef: The Quest for an Iron Legend, a costly production, is uncertain, despite its release last year, and other cooking competitions like Final Table have not been renewed. However, with a vast array of cooking shows in its streaming catalog, it's a logical step for Netflix to capitalize on its brands by offering a tangible and immersive culinary experience. To make reservations for Netflix Bites, interested Angelenos can visit the booking page.

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The alleged burglary took place at a business establishment in Palm Desert, which reported a significant loss of valuable items and cash. Law enforcement agencies launched an investigation, gathering evidence that led to the identification of the suspects involved. Subsequently, the man and woman were apprehended and charged with burglary.

During the court hearing, the defendants firmly asserted their innocence and entered pleas of not guilty to the charges leveled against them. Their legal representatives highlighted the need for a thorough examination of the evidence, implying that their clients had been wrongfully accused. The defense team emphasized the importance of a fair trial and expressed confidence in their ability to demonstrate the innocence of their clients.

The court proceedings are expected to continue as both the prosecution and defense present their arguments and evidence. The judge will carefully evaluate the case and make a well-informed decision based on the merits and facts presented during the trial. The accused individuals will have the opportunity to present their side of the story and defend themselves against the allegations.

As the case unfolds, the local community remains attentive to further developments, awaiting the outcome of the trial. The court will ensure that the proceedings adhere to the principles of justice and that all parties involved receive a fair and impartial trial.

Despite progress being made for business owners near the location of the collapse at 324 Main St., many residents of Davenport are raising questions about the city's management of the entire incident. A number of concerned citizens attended the latest Davenport City Council meeting, demonstrating their determination to address the issue.

During the meeting, several individuals expressed their intention to attend each subsequent City Council session until they are satisfied with the response provided by the city of Davenport. Interested parties can access agenda packets from the June 14 meeting and other Davenport City Council sessions for more information.

For updates regarding the partial building demolition issued by the City of Davenport, please refer to this link.

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The RBI clarified that Rs 2,000 banknotes will remain valid legal tender. To ensure smooth operations and prevent disruptions in bank branches' regular activities, individuals will be able to exchange Rs 2,000 banknotes for other denominations up to Rs 20,000 at a time, starting from May 23, 2023.

Furthermore, the RBI has instructed banks to halt the issuance of Rs 2,000 banknotes immediately.

If you possess Rs 2,000 notes and wish to exchange them for different denominations, follow these steps to exchange your Rs 2,000 notes:

The RBI has directed banks to offer deposit and/or exchange services for Rs 2,000 notes until September 30, 2023. You can deposit Rs 2,000 banknotes into your bank account or exchange them for banknotes of other denominations at any bank branch. Deposits into bank accounts can be made without any restrictions, following the usual procedures and complying with applicable statutory provisions.

Is there a limit on the amount of Rs 2,000 banknotes that can be exchanged?

The RBI has specified that individuals can exchange Rs 2,000 banknotes for banknotes of other denominations up to a maximum of Rs 20,000 at a time, starting from May 23, 2023, at any bank.

Will Rs 2,000 notes be accepted for regular transactions?

Rs 2,000 notes will remain acceptable for transactions and other payments. However, it is advisable to exchange the withdrawn notes by the end of September.

What should you know when depositing Rs 2,000 banknotes into a bank account?

When depositing the discontinued Rs 2,000 notes into your bank account, you will need to comply with the Know Your Customer (KYC) norms and other relevant statutory requirements.

For the first quarter, Ford reported earnings of $1.8 billion, equivalent to 44 cents per share, compared to a loss of $3.1 billion, or 78 cents per share, in the same period last year. Adjusted for one-time items, the earnings were 63 cents per share. Meanwhile, revenue rose 20% to $41.5 billion.

Ford reaffirmed its 2023 guidance for adjusted EBIT of $9 billion to $11 billion and adjusted free cash flow of around $6 billion. However, the automaker’s shares fell in after-hours trading following the earnings report, having already finished the regular trading day down 2.2%.

Ford reported earnings by its three segments: Ford Blue, which includes gas and hybrid vehicles; Ford Model e, for electric vehicles; and Ford Pro, covering commercial products and services. Ford Model e posted an EBIT loss of $722 million in the quarter.

Production interruptions of the Mustang Mach-E SUV and the F-150 Lightning pickup truck, which were required to make industrial changes and isolate and address a battery problem respectively, limited the quarterly electric vehicle shipments and revenue. However, Ford announced earlier on Tuesday that it was reopening order books for the Mustang Mach E and that it plans to increase production of the all-electric SUV in the second half of the year, having lowered its prices.

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All such local firms are involved in selling their products but have no investment, resources, or platforms for marketing. Fydo is here to rescue them by popularizing their sales and discounts without spending on advertising. It serves businesses with tailor-made marketing tools to expand their customer base while also providing a dependable and efficient last-mile service.

The platform serves clients and business partners by addressing their diverse demands. They provide customers with the latest details on all available specials, discounts, and offers in their area. Customers can use this unique platform to identify the nearest new or local businesses that offer fantastic discounts on Fydo. Not just this, it also gives thousands of small and medium-sized enterprises a medium to sell their products locally.

Fydo supports businesses to maintain their expertise with full support and specialized training. Fydo is best for newbies in the business field to level up their company's revenue. Customers get the tool for purchasing products at the lowest possible cost by opening just one app. No more hopping between apps to hunt for the lowest price. They can take advantage of offers relevant to them, explore the area, curated notifications, event spaces, etc., in addition to discovering offers and deals in various stores.

A product that has been trending all around the country recently was their Events Booking Platform with bylines of Insider/BookMyShow. It landed them an exclusive contract for four significant events in Bangalore, Hyderabad, Sambalpur, and Bhubaneswar, each filled with 5000+ participants within just a few weeks of its launch! This has opened another avenue for local cafes partnered with Fydo to scout events and easily manage bookings to establish themselves as a go-to hangout place.

Fydo is a hyperlocal ad-tech startup backed up by Microsoft and NASSCOM. Currently, it has more than 1 lakh customer downloads, 10,500+ merchants, along with 50+ PAN India brands. Fydo is one among the top 10% of startups that pitched at YCombinator. Customer satisfaction with redeeming offers and feedback has made them popular among the masses. With a rating of 4.8 on the Google Play store, they show quality with work. Their score goes to 50,000 offers that have been redeemed, and with its 100% MoM growth, it's lending a hand to merchants to scale up their business in the hyperlocal marketplace.

Fydo has raised its last pre-seed round of $100k and reached its milestone of 1 lakh customer base successfully, proving its product-market fit. Currently, Fydo is in the process of raising its seed round to reach a 1 million customer base across ten cities in India.

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