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Common Questions About COVID-19 Vaccine Answered

Vaccine

With great perseverance from multiple health professionals and the combined diplomatic efforts of national governments, the roll-out of various COVID-19 vaccines have already begun. However, the uncertainty of its medical credibility is now a real problem.

Introduction

If you find yourself second-guessing whether you’re willing to sign up to get your first COVID19 shot or still weighing its pros and cons, you’re not alone. Even with the many success stories of families being united or talks of the travel industry opening up once more, many people still aren’t sure.

At present, the US government has laid down the groundwork for the rapid development of vaccines against COVID-19 with the importance of relying on new technologies. As they are one of the world’s largest distributors and manufacturers of the vaccine, they have 4 candidates in phase 3 studies that have become the bedrock of a COVID-free future. 

At this crucial part of the process, providing evidence-based information is almost as vital as ensuring everyone in the world gets their dosage. In the age of fake news and fear-mongering, an environment of polarization and mistrust can easily take hold of society. The Centers for Disease Control and Prevention have issued a statement regarding which facts to be true and not in regards to the vaccine.

One of the medical doctors from Boston Medical Center’s Home Care Program, Dr. Won Lee, says on this matter: “There’s so much misinformation out there, and it’s hard for anyone to know what to believe.”

With that, here are some common questions patients are likely to ask about COVID-19 vaccines.

  • Does it matter which type of COVID-19 vaccine I get?

With the different COVID-19 vaccines already approved and have been distributed, they can be distinguished from each other depending on the technology used. There are “classic vaccines”, for instance, which use whole inactivated virus or viral proteins. Then there are those on the other end, using more advanced technologies to introduce the body to a specific gene sequence with the right steps so that it can produce a given viral protein. This genetic information can be introduced directly into the cell (messenger RNA vaccines) or via a viral vector that infects the cell but does not replicate. 

mRNA vaccines, the ones that are introduced directly, include the already approved Pfizer-BioNTech and Moderna vaccines. Viral vector vaccines include the Oxford/AstraZeneca vaccine, the Janssen (Johnson & Johnson) vaccine, and the Sputnik vaccine by the Gamaleya Institute. 

All of them have been tested in people to prove their safety and efficacy throughout the three phases of clinical trials, and so have been proven to be effective in protecting the body from latching on to the virus.

  • How do the vaccines work?

In a nutshell, the messenger RNA vaccines introduce a gene sequence into our cells that codes for protein S, which is a SARS-CoV-2 specific protein (aka the one that will help your body be immune against COVID19). These vaccines contain genetic material synthesized in the laboratory that makes cells react and make copies of said protein S. 

The immune system will then recognizes protein S as foreign and retaliates by generating specific antibodies to ward off the intruder; therefore, when the coronavirus should enter the body, it will already have immunity from it.

Pfizer / BioNTech, and Moderna

These vaccines are based on mRNA. They are the ones to provide the cells with the genetic sequence that codes for the S protein of SARS-CoV-2. In simple terms, the genetic material contained in these vaccines, essentially, gives the cells instructions on how to produce the protein by producing S-specific antibodies that can fight off the dangerous infections from the virus.

Oxford / AstraZeneca and Johnson & Johnson (Janssen)

These vaccines introduce a harmless virus into the cells to, once again, introduce the genetic instructions on how the body can produce the SARs-CoV-2 S protein. The adenovirus (the harmless virus introduced) is called a viral vector and has been genetically modified in the laboratory so it can infect the cells, but will not replicate. The Oxford/AstraZeneca vaccine introduces a chimpanzee adenovirus. For the Janssen one, it carries a modified human adenovirus called the Ad26.

  • Are they safe?

Thanks to the many technological advancements over the past year in lieu of urgency, COVID-19 vaccines have been developed in record time.  However, this does not imply that the process was not rigorous and that the usual steps were not followed. 

Each approved vaccine went through the motions and jumped through the hoops, and underwent all three stages of clinic trials: assessing for the safety of the drug, testing its efficacy, and randomized and blind testing.

Therefore, all vaccines approved by the regulatory agencies are undoubtedly safe and when vaccination campaigns began, tens of thousands of people have already received the vaccine during clinical trials.

  • Will it change my DNA?

Since the vaccine works by essentially injecting another virus into your immune system, that notion alone raises a few brows and have more people hesitating. However, this is how most antibody vaccines have always been made: it basically offers an instruction manual that teaches your cells to recognize and fight the virus.

The messenger RNA doesn’t have access to the nucleus of our cells, too, so it cannot be incorporated into the DNA markup of humans.

“The vaccines do not interact with your DNA in any way,” Dr. Lee explains, “They contain no live virus. You will not get COVID from this vaccine.”

  • Is there still a risk to contract COVID-19 even after I have been vaccinated?

While most advanced vaccines have shown an efficacy rate of above 90%, no vaccine is truly 100% effective. There is still a slight chance you may fall sick with it despite being vaccinated, because virologists and immunologists alike have spoken of the unintended mutation and evolution of the virus.

A great majority of vaccinated people will be protected against the disease, or against severe forms of the disease. Prevention is first and foremost always the best treatment, and getting vaccinated will significantly lessen your chances of coming into contact with COVID-19.

  • Will I get sick from the vaccine? What are the common side effects post-vaccination?

The vaccine is introduced into the body itself, but its genetic material. There are some side effects the day after, as with any vaccine, such as feeling fatigued, pain in the arm, or headache. But these are all signs that your immune system is responding to the agent.

Conclusion

While the rest of the world has celebrated and rejoiced in the global effort to expedite the vaccine distribution and implementation, there are still those who have one foot out the door or are simply waiting for the other shoe to drop. There have been those who questioned the corners that were cut, protocols that were bypassed, and the likes.

With this post, we hope we were able to ease some of the uncertainties regarding the vaccine.

Forex Trading: The Most Common Myths and Misconceptions Explained

Forex Trading

If you’re a novice in the Forex trading world and you want to learn the truth about it, you’ve come to the right place. 

There are many misconceptions and myths about Forex trading that many people believe. Some of the false information is out there on the Internet due to exaggerated marketing from brokers. Other misconceptions are found online because of traders who have either found success or failure with trading foreign currency and shared their specific experiences as a general rule. Plus, some myths have been created by people who never even traded once in their life but have heard a piece of information that they pass on without even checking its validity. 

The point is that there are many things about Forex trading that you may read, hear or see that aren’t exactly true. As a novice in the industry, it may be really challenging to distinguish truth from personal opinions or misconceptions. 

Don’t worry! We’ve got you covered! This article explores and explains the most common myths and misconceptions that you’ll likely come across during your trading journey. 

1. Trading foreign currency is easy.

It’s clear that trading Forex isn’t exactly rocket science. Yet, it also isn’t easy. 

More often than not, you’ll find Forex trading being marketed as an easy way to win a lot of money. Well, sorry for the disappointment. This is by far accurate. That’s at least if you aren’t a genius trader that knows how to trade the second you see the live Forex charts and currency rates. 

Being a successful trader takes more than reading a few trading tips and setting up a brokerage account to your disappointment. It’s impossible to be able to jump right to making significant profits. To really master Forex trading takes time as you need to understand how the market works, the best strategies for you, how to manage risks, the best tech tools you can use to trade, and even the Forex market jargon. Unless you know all these things about the market and trading, you won’t find trading Forex any easy. In fact, quite on the contrary, you may find it a bit intimidating in the beginning. 

2. Forex traders get really rich.

Well, this one is both false and true. Some Forex traders can get rich by trading foreign currency. Yet, this doesn’t mean that anyone who invests in Forex will be the world’s next billionaire. To get rich with Forex trading takes time, patience, and really, really good trading skills. 

This misconception is the result of a lot of exaggerated marketing about trading’s potential to bring significant returns. Sure, this can be the case. Yet, it only happens to experienced and skilled traders. And, it never happens overnight. 

Building wealth with Forex trading requires you to be consistent, constantly improve your trading skills, and get to the point when you are able to predict the market’s next move so that you can make profitable investment decisions. 

Brokers who offer a 100% bonus are the best ones.

3. This one is far from being true. 

Think about it: no bonus comes with no string attached. That’s because no one will give you money for free. So, behind that big bonus, there can be plenty of pitfalls that are hidden by empty promises. 

The best broker is the right one for you, based on your specific trading preferences and needs. 

For example, if you live in the US, offshore Forex brokers for US residents might be the best choice for you. Why? Because as an American Forex trader trading with a broker from the USA, you may experience problems like no access to normal leverage, no hedging, or no rubber stamps. 

Or, another specific need you may have, particularly as a novice trader, is for the broker to provide you with a demo account. The demo account will allow you to learn how to trade without involving real-life risks. 

Another factor that determines whether or not a broker is good is the tools they offer you to help you trade better. Some traders offer trading guides, pip calculators, and many other tech trading tools that can make your trading experiences a lot easier and more profitable. 

The best broker is the broker that offers a secure, reliable, fast, and tech-savvy trading platform. Also, pay attention to the customer support offered by the broker. 

4. You don’t need to start with a demo account.

Speaking of a demo account, this one is another misconception that you can hear or see from others. 

Those who already know how to trade may advise you against using a demo account at the beginning. However, this is a very reckless piece of advice. 

Demo accounts, as the name suggests, basically allow you to try your trading skills without requiring you to invest real money in them. 

With a demo account, the trading activity looks exactly how it will look when trading for real. You’ll see live charts, market fluctuations, currency rates, and you’ll apply the same strategies you can use with actual trading as well. Yet, the only difference is that nothing that you do on the demo account is actually real. You don’t trade for real money, and none of your investment decisions holds risks or advantages. 

So, what safest and better way to learn how to trade than to actually trade without fearing that you’re going to lose money? So, a demo account offered by the broker you choose is a great perk to look after when choosing the broker. 

5. Profits from trading Forex are a passive income.

Again, sorry to disappoint you. Profits from Forex trading are rarely a passive income. To ensure that you’re getting money out of it, you need to invest some time in it. 

Sure, Forex trading can be a side hustle that allows you to be flexible about trading when you have time for it. However, if you only trade, say, once a week, you can barely call yourself a trader. And, you’ll also likely not going to win enough profits to see it as a passive source of income. 

Keep in mind that the Forex market can be influenced by a number of factors, from global political crises to natural disasters or critical economic events. So, unless you’re there to keep an eye on what’s happening in the world and the market, you probably won’t be able to make informed trading decisions that will bring you satisfactory returns. 

Company Insolvencies at 32-year Low Thanks to Covid Loans

finance

In Q1 of 2021, statistics report that company insolvencies in England and Wales were at their lowest level in over 30 minutes. Thanks to government support during the coronavirus pandemic, companies were able to stay afloat.

Britain was set for disaster in 2020, suffering its sharpest drop in economic output in over three centuries; however, thanks to more than £75 billion in government loans, companies were able to avoid bankruptcy and stay financially stable.

The number of businesses declared as insolvent in the first quarter of 2021 was 2,384, down from 3,053 in the final quarter of 2020. These numbers are the lowest reported since Q1 of 2011.

How Many Insolvencies Are There Annually in the UK?

In 2020, there were 111,424 reported individual insolvencies, down 9% year-on-year from 2019. Of this, the largest proportion came from individual voluntary arrangements (IVAs) (78,478). 

The rest was made up of debt relief orders (DROs) (20,321) and bankruptcies (12,625). The DROs and bankruptcies were the lowest they had been for 11 years and 30 years, respectively.

In a typical year, there is an average of between 15,000 and 17,000 bankruptcies annually. For DROs, this figure is around 24,000 and 28,000 per year. IVAs, on the other hand, have been increasingly steady year-on-year by around 10-20%; this time, there was only an increase of 1%. 

Government Schemes: Furlough and Bounce Back Loans

The UK government has been the key player in this initiative, providing a much needed lifeline for thousands of companies.

Thousands have relied on the furlough scheme over the past year, the scheme which has been supplementing 80% of workers’ wages whilst they are unable to work. With the government paying up to £2,500 monthly per worker, companies have saved thousands over the last year.

HMRC statistics show that at the peak of the furlough scheme, there were 8.9 million employments furloughed. The furlough scheme has already been extended until the end of September 2021 but from July 2021 will start to contribute towards the cost proportionally. 

Bounce Back Loans

Another government-funded scheme that has saved thousands from bankruptcy is the Bounce Back Loan Scheme (BBLS). This scheme was designed to give companies quick access to funds with a year interest-free. A lender could offer a six-year term loan from £2,000 up to a quarter of a business’ turnover.

During the coronavirus pandemic, the BBLS supported thousands of UK-based businesses whose cashflow was being negatively disrupted as a result of the coronavirus pandemic. Offering up to £50,000 in finance, the scheme promised next day payments and loans with a year of zero interest.

Around 1.4 million businesses took out Bounce Back Loans, representing a £45 billion bail out from the UK government.

Repayment of Bounce Back Loans

Now, the bounce back loans are due for repayment although given the current circumstances, there are still many companies who are unable to pay. However, the government has offered flexible repayment.

Those who borrowed Bounce Back Loans will now have the option to adjust their repayments based on the circumstances of the company. The chancellor has already offered the option of an additional six months for repayments. 

In addition to the six-month window, a ‘Pay as You Grow’ scheme has been introduced and is available for over 1.4 million businesses. Through this, companies can pause repayments, delay their payments until 18 months after they take out the loan or extend the length of their loans from six to ten years.

David Beard of leading price comparison website, Lending Expert commented:
 
“I imagine the UK banks would have realised that around 10-20% of customers were going to have trouble repaying. This is very common across all types of loans even when you have carried out sufficient credit and affordability checks.”
“We cannot ignore that covid has been very challenging for a lot of businesses, specifically in retail, hotels, leisure and hospitality, and unfortunately not even loan amounts of £50,000 will be sufficient to maintain a healthy cash flow.”
“However, millions of companies would have benefitted from the initial injection in cash which would have helped to pay their suppliers and employees and we cannot deny the short term benefits that this may have had on the economy. And now with covid restrictions easing, the economy is going to see a recovery, so repayment rates should be strong, even if some take a little longer to repay than others.”

Other Companies Saved from Bankruptcy

In summer 2020, the Bank of England (BoE) also released a list of companies who had benefited from its Coronavirus Corporate Financing Facility (CCFF). The 53 companies collectively received over £16 billion of loans, with extremely low rates.

The loans were available for large companies who were, prior to the coronavirus pandemic, financially healthy but who were suffering due to the situation. Although the scheme was funded by the Bank of England, companies outside of the UK were also eligible.

All sectors benefited from these loans but some of the largest beneficiaries were, unsurprisingly, from the aviation, automotive and retail sectors. Big names include Westfield shopping mall owner, EasyJet and Nissan who all received bailouts of £600 million courtesy of the scheme.

An Investors Guide On How to Apply for an EU Citizenship

An Investors Guide On How to Apply for an EU Citizenship

Have You Been Looking For The Right European Country To Relocate & Invest In? 

If you’ve been looking for a sign to invest in a foreign country – here it is. Small European countries like Portugal, Greece, and Austria are booming right now. Their economies are at an all-time high and they are constantly welcoming foreign investors.

Luckily, for you, this makes it quite easy to obtain a Visa and then potentially citizenship. Through established programs, you’ll be able to invest in the industry of your dreams and be allowed to take your spouse and dependants alongside you. 

Here are the easiest ways to make that happen. 

Apply for a European Golden Visa

A European Golden Visa is a Visa that allows individuals looking to invest in European countries the chance at a residency. This is done to encourage individuals to invest in foreign countries as it helps the economy’s growth quite substantially. These investments can be in anything from businesses to rental properties. 

There are a variety of European countries that offer the Golden Visa including Spain, Portugal Golden Visa, Greece, Italy, Malta, Switzerland, Austria, and Belgium. This Golden Visa also extends to any dependants and spouses attached to the investor, making it extremely easy to relocate your entire family and fully commit. 

However, you can obtain a Golden Visa without actually intending to live in a European country as well. It is important to check the specific requirements each country has when it comes to investment in tandem with the Golden Visa. It varies from location to location.  

You might be asking what are the requirements for obtaining a Golden Visa. While there aren’t many, there are some superficial limitations to the process. Here are the requirements you should assure you meet before applying: 

  • You have proof of the finances you intend to invest and all money was obtained in a legal fashion
  • A clean criminal record
  • You can prove the wealth or a steady income that will support you and/or your family members during the duration of the Visa. 

Certain countries all require a certain amount of money to be invested into their economy in exchange for the Visa. This could be a one-time investment or a more long-term investment plan. 

Realistically, applying for a Visa means at some point you’ll probably be looking for residency and citizenship. So, can a Golden Visa get you an EU citizenship through investment maybe? In short, the answer is yes, but it doesn’t happen immediately. There are some requirements to officially obtaining it. 

First, you’ll have to qualified for Permanent Residency. This happens after five years of living in the EU with your Golden Visa. Details will depend on the country you reside it but as a general rule pf thumb, this residency can be renewed as needed. Some countries don’t have these requirements at all! You can just straight away apply for residency.

Following your permanent residency, after another five years – so a total of ten years living in the EU – you’ll be able to apply for citizenship. However, Citizenship isn’t guaranteed and is much more restrictive in comparison to being approved for the Golden Visa and permanent residency. This is due to the varying requirements in each independent country. It’s important to seek the right professional to help give you the greatest chance possible at obtaining citizenship.  

Greece however, is a country that will give you citizenship with the only requirement being you have to live there for a certain period of time. 

EU

Start-up Visa

There is also the option of opting for a Start-Up Visa instead. These are aimed at people not only looking to invest in a European country but to actually build their own company. So if you feel like you have an entrepreneurial bone in your body, this could be the way to go. 

Europe is very open to welcoming anyone who is willing to bring new innovative business and company ideas to their country as it allows for major expansion and economical growth. This start-up Visa will only offer you residency, but once you have residency, as discussed above it is easier to upgrade that status to citizenship. 

Popular European countries that offer this include Sweden, Austria, and France. Open a business next to the Eiffel Tower! Life doesn’t get much better than that. Again these countries all have different standards and requirements for acquiring the Visa but all in all the process is fairly simple and has a high success rate. Like the Golden Visa, this Visa also supports and dependants and spouses you have as well. 

Some requirement includes: 

  • Proof of funds large enough to support you 
  • Skills, and/or education, and experience to run a business 
  • Partners willing to sign alongside you 

Family Lineage

Your parents or grandparents might just be the key to getting you European Citizenship. If your family lineage hails from a European country you will most likely be able to apply for dual citizenship

This would require you to obtain proof, most likely in the form of a birth certificate. You would then have to get in contact with the countries embassy where you live, and they will handle the rest. The official news of Citizenship can take few months, and depending on the country will cost you a small fee.  

This can also work if your spouse obtains EU citizenship. Depending on where in the EU you may also be able to apply for citizenship along with your children. This is probably the easiest and quickest means for an investor looking for EU Citizenship, however, it isn’t always applicable in each individual’s situation. 

Overall, there are many ways you as an investor can obtain EU Citizenship. With many of their countries steadily growing and becoming some of the most desired locations around the globe, now is the time to act. Whether you’re looking to invest in rental properties or a new business, there are many countries that even rival the quality of life that North America and Australia possess. The versatility in the EU endless. Happy Investing!

6 Things That Make Your Business More Attractive to Investors

meeting

The initial stages of starting your own venture are undeniably challenging. It begins with developing a top-notch product that fulfils people’s needs. Then comes the product launch and the pitch that convinces people of its worth. However, a common problem with startups and new businesses is that most don’t realize that this is just the beginning.

Many startups reach this stage on to come to a stand-still. They focus so much energy on their product that they fail to connect with their consumers. The result? A majority of startups fail to scale up. You likely already know that investors can go a long way in helping a business grow. But how do you attract these crucial investors?

6 Ways to Attract Business Investors

A solid idea may be enough to make investors curious. However, it may not be enough to get them to stay. Follow these six steps from Ibrahim Issaoui, a prominent business leader in the DRC with a proven track record spanning multiple industries, to get investors on board and keep them around.

1.  Know Your Business Best

There’s more to knowing your business than being an expert on your product or service. Here are some other aspects you should be aware of when it comes to your market:

  • Markets size
  • Demographics
  • Age brackets
  • Group preferences
  • Your top competition

As a business leader, your knowledge of your industry, target market, recent trends, and growth possibilities should be second to none. This understanding shows that you have a clear vision for your business, which is instantly attractive to investors.

2.  Have a Compliance Strategy

It’s never been more important for businesses to be on top of their compliance commitments. There are Government rules and regulations affecting just about every aspect of business, from privacy to health and safety. Furthermore, these regulations change all the time, so it is important to make efforts to stay on top of the latest developments.

Working with a professional consultant like phscompliance.co.uk can help to make sure you meet your compliance requirements and adapt your strategies as necessary. This will make your business more attractive to investors as it will minimize the risks associated with investing in your business.

3.  Minimize Direct Costs as Much as Possible

The direct costs of your business include the cost of production, in other words, any purchase that contributes to your product’s final price. Say you’re selling tee shirts for $20. If you spent $16 for the purchase, packaging, and transport of each product, this would be your direct cost. The remaining $4 is your profit.

Now, let’s talk about how reducing your direct cost to the bare minimum helps to attract investors. For one, you gain a profit of at least 30% per sale, which will grab investors’ attention. After all, low direct costs and high-profit margins are a sign of high yields to come.

4.  Keep Well-Audited Accounts

Before talking to an investor, make sure to audit and prepare your accounts for at least the last three years. This will make an investor more confident in you and your business. This information is useful to investors in more ways than one. They can determine your company’s financial position, profit potential, as well as its projected growth. This is instrumental in securing investments from equity investors, banks, venture capitalists, and many other financial institutions.

Additionally, make sure your business is debt-free. Investors want to support your venture but they don’t want to pay off your debts. So if you want investors to fund your business, ensure you have no outstanding debts or payments. That way, they’ll be sure that the company is putting their investment to good use.

5.  Achieve Your Business Goals or Exceed Them

Investors want to know about your business goals as a priority. At the same time, they want to know about the objectives you’ve already achieved. Apart from that, they want to know of the milestones you failed to achieve and why.

A history of accomplished goals boosts your investors’ confidence. It assures them that they’re working with a team of go-getters that is equipped to work towards every goal they set.

6.  Study Potential Investors

Finally, take some time to research the investors you want to approach. Remember that every investor has individual preferences. Think of it like this: you reach out to an investor interested in the energy industry. However, you’re a tech entrepreneur. The chances of this particular investor being interested in your company are pretty slim.

Now, this is a golden rule that applies to every industry. Of course, there are examples of investors funding a company in an industry they previously had no interest in. However, these are few and far between. Investors may even have preferences in founder types. They may prefer a business owner to be a particular age, have a certain level of education, experience, or more.

Wrapping Up

The key takeaway here is preparation, preparation, preparation! Don’t rush to on board the first investors you meet. If you and your investors turn out to be incompatible in the long run, it will simply harm your business. Patience is key!

Commercial Work Vehicles: Top Benefits Of Renting Your Fleet

If you have a business that requires you to haul materials on the job, you know not to underestimate the impact a good fleet of work trucks can have on your overall productivity. If you’re an experienced construction worker or landscaper in the need of a commercial work vehicle for a new project, you are likely wondering: should I rent or buy?

Your parents and grandparents have likely instilled in you the importance of owning over renting, whether you’re considering buying a new home or another asset like a car. However, when it comes to your business, you have to consider that owning may not be the best option for some of the projects you’ll take on.

There are many factors to consider in the decision to rent or buy, such as the time constraints, budget for a given project, and financial state of your business. If you are in the market for a new commercial work vehicle or interested in obtaining a fleet of trucks for an upcoming project, let’s discuss why renting has the potential to be the best choice for you and your business. 

Renting Allows For Flexibility

Do you need a fleet of flatbed trucks for a short-term project, but don’t want to break the bank buying expensive vehicles that you won’t be regularly using? Consider renting your fleet to maximize flexibility.

When you choose to rent your commercial work trucks, you will be able to use the vehicles you want when you want them, maintaining the flexibility you desire for each given project. If you want to maximize flexibility while minimizing concerns like storage issues, maintenance, or upkeep of purchased vehicles, renting may be the best option for you.

Renting Can Save You Money

If your business is tight on funds at the moment or has a need for immediate cash flow, renting a fleet can be a financially sound option for your project. Owning your own fleet can be a valuable asset to your business, but if you’re looking to save money and simplify a short-term project, renting may be the right choice for you.

New car prices are soaring due to the pandemic. The average price of a new car has increased over 8% in the past year, and car lots are experiencing a shortage of both new and used vehicles. Wholesale used car prices are as high as they’ve ever been, up nearly 30%. If you are serious about saving money in 2021, it might be in your best interest to rent until car manufacturing has stabilized.

Renting Allows You To Customize Your Needs

Are you looking to rent a single truck for a 4-month project, or 20 trucks for a year-long project? When you work with a qualified truck rental company, you can customize your needs on a project-by-project basis to ensure the job gets done right.

For example, this year Bruce invested in purchasing 2 trucks for the long-term benefit of his business. For his new short-term project, he will need 3 more trucks. Rather than spending upwards of $100,000 on extra trucks that his business doesn’t yet have regular use for, Bruce partnered with a truck rental company that created a custom rental plan based on his needs, spending a fraction of the cost in the process.

Conclusion

If you regularly haul goods and materials on the job and are in the market for a new commercial work vehicle, it can be stressful to know whether to rent for maximum flexibility or buy for long-term investment. What’s best for you is entirely based on the needs of your business, the length of the project at hand, and your personal preference.

When you choose to rent your fleet instead of buy, you can maintain flexibility, save money on short-term jobs and customize the needs of your company on a project-by-project basis. Consider contacting a professional truck rental company to get a free quote and discuss customizing your options.

A Beginner’s Guide – Finding the Best Trading Platform

Trading

When it comes to exploring the world of trading possibilities, the most important thing that you need to establish is the actual approach that you are going to take. This notion had the power to determine the overall success of your experience, however, the first thing you need to do is tackle the actual trading process to reach those points in the trading journey. With all of this in mind, you might wonder what that approach is that you will have to take so that you can achieve all of the trading goals that you have. Here, you will have to determine the actual trading experience and trading knowledge that you have, so if your find yourself on the beginner side of the trading concept, then this article is the perfect start for you.

Once you establish the basic notion that the concept of the trading possibilities, you will get a chance to see that they can be used in a way to help people deal with money over the internet, you will get a chance to further narrow things down and choose a specific trading segment that you would like to focus on. Understanding all of this, the concept of these innovative trading possibilities will give you a chance to exchange them for profit. The actual abundance of possibilities will give you the perfect kick-start of your trading journey, thus help you take the most effective and efficient trading approach possible. Here, if you continue reading through this article, you will get a chance to look through some of the best trading platforms, thus find the one that is best suited for you. 

Set Up Your Trading Goals

One of the most important things that you have to establish when it comes to finding the best-suited trading platform is the actual plan that you want to accomplish. This plan often consists of numerous goals that you as a future trader want to achieve. To construct the perfect trading concept, thus take the approach of finding the best trading platform you will have to take into consideration the actual trading knowledge that you have thus far, as well as the digital value that you would like to focus on. 

These two things will help you determine the next big stage of your trading experience, thus help you create the actual trading goals that you would like to achieve. All of this will give you the necessary guidelines that will help you find you significant trading platform.

Take a Look at the Reviews

With the completion of the above-discussed segment, you will move on to the next big step of your trading experience, which will help you find the Best Trading Platform. Here, we are talking about taking a look at the variety of reviews that other users have to share regarding the trading platforms that you consider exploring. This concept is one of the most interesting ones as it will give you a chance to expand your personal view regarding the concept, thus give you a chance to read all about the variety of different options that other trading users have been a part of. 

Taking this segment into consideration when you are searching for the best trading platform will help you establish a rather firm foundation that will ultimately lead you to achieve all of the points of the trading success. 

Explore all of the Additional Trading Features

Once you have completed all of the things that we have discussed above, you will get a chance to explore all of the additional trading features that you will have to take into consideration. When you are in the process of finding the best trading platforms, you will have to think about the overall regulation, the tradable assets, all of the fees, including the commission, the trading spreads, and so much more.

Workplace Integration and Gender Attitudes

gender

By Gordon B. Dahl, Andreas Kotsadam and Dan-Olof Rooth

Women make up close to half of the labor force in most developed countries, yet occupational segregation remains high (Blau et al. 2013). There are several possible explanations for the lack of workplace integration, including different preferences of men versus women (Goldin 2014). But it is also possible that workplace segregation is caused by gender stereotypes which cause belief distortions about whether a woman can fit into a traditionally male-dominated environment (Bordalo et al. 2016). Related to this explanation, gender role attitudes have been shown to strongly correlate with female employment rates and the gender wage gap across countries (Fortin 2005).

Understanding the link between gender attitudes and occupational segregation is a critical input into policies which have the goal to integrate men and women in the workplace. Contact theory posits that biases and beliefs of a dominant group can be changed via intensive exposure to members of a minority group (Allport 1954). The argument is that mixing groups can break down stereotypes and promote understanding. There have been several studies which have randomly assigned college roommates of an opposite race or ethnicity to study the predictions of contact theory (e.g., Boisjoly et al. 2016, Carrell, Hoekstra and West 2015, Finseraas and Kotsadam 2017). However, until recently, there had not been similar field experiments which assigned men and women to work and live together to see whether gender attitudes and real-world outcomes could change.

A field experiment during army boot camp

In recent work (Dahl et al. 2021), we explore whether integration can change gender attitudes and related outcomes. We conducted a field experiment which randomly assigned women to teams which were traditionally all male. Our setting is the Norwegian military, which has only 15% women in its ranks, a fraction which is similar in the United States. The Norwegian Army’s North Brigade has been at the forefront of integration and since 2010 all of its battalions have had mixed-gender squads. With the help of the Norwegian Defense Research Establishment, in 2014 we randomized female Army recruits to some squads but not others during boot camp.

Boot camp, also known as basic training, lasts for eight weeks. It is an intense period of training which involves both field exercises and classroom time. The objective is to prepare soldiers physically and mentally for military service. Recruits are grouped into squads, which are typically composed of six soldiers. These squads train together as a team and live in the same room. Since recruits are not allowed to leave base during boot camp, they spend most of their daytime and nighttime hours together.

In our setting, treated men live and work closely with women in their squad (usually two women and four men), while untreated male recruits will only have other men in their squad (usually six men).

We conducted surveys of gender attitudes before boot camp, at the end of boot camp, and 6 months after boot camp. We also tracked the military occupations of soldiers after boot camp and the education and occupational choices made after the end of service.

Short run changes in attitudes and occupations

We find that intensive contact with female recruits during boot camp causes men to have more egalitarian attitudes in the short run. At the end of boot camp, treated men are 14 percentage points more likely to think mixed-gender teams perform as well or better than same-gender teams. This is a 26% increase relative to the control mean of 52%. Treated men are also 8 percentage points more likely to believe men and women should share household work equally, relative to the control mean of 66%. And finally, treated men are 14 percentage points more likely to not completely disavow feminine traits, relative to the control mean of 63%. These changes are equal to between one-third and one-half of the gap in mean attitudes across genders.

These are sizable changes in attitudes, but do they translate into differences in real outcomes? To examine this question, we look at the gender makeup of military occupations after boot camp ends. We find that men in mixed-gender teams during boot camp go on to serve in military occupations with more women in them: there is a 22% higher fraction of women in the occupations of treated men relative to the controls. Since assignments are based on soldier preferences, ability, and staffing needs, we interpret this result as at least in part reflecting the altered preferences of recruits.

Longer run effects

A natural question is whether the short-run changes in gender attitudes and occupational choices persist. After boot camp ends, individuals are assigned to new squads whose members serve in a variety of military occupations. An important consequence of the reshuffling is that both the extent of exposure – in terms of number of women – as well as the intensity of exposure – in terms of teambuilding and spending time together – is typically lower after bootcamp. We find that treated men’s gender attitudes converge to those of the controls, eliminating the short-run differences observed at the end of boot camp. Congruent with this result, we find no difference in future education or occupation choices in the long run: treated men do not choose fields of study or occupations with a larger fraction of women in them.

We caution that these results do not mean that integration cannot change attitudes and choices in the longer run. Instead, the sharp contrast between the short and long run results suggests that to maintain changed attitudes and behaviors, exposure likely needs to be maintained for a longer period. Our intervention, while intense during boot camp, was relatively short compared to the overall military experience. And our setting is an extreme example of a male-dominated environment, where attitudes may be the most difficult to change permanently without continuing exposure.

Will integrating women hurt the military?

Our research provides general insights into how integration can matter for attitudes and occupational choices. However, it also has direct implications for the integration of women into the military. We also studied how treatment affects male soldiers’ performance and satisfaction with service. We find no evidence that integration hurt squad members on these two margins, either during boot camp or subsequent service. Treatment also did not affect real outcomes: there was no effect on promotion probabilities or performance evaluations conducted at the end of service. Policymakers in several countries have argued that having women serve alongside men in the military would hurt performance and cause dissatisfaction among male recruits, but this evidence suggests otherwise.

Note: This article originally appeared in VoxEU and is based on research appearing in Dahl et al. 2021.

About the Authors

Gordon B. Dahl

Gordon B. Dahl is a Professor of Economics at the University of California, San Diego. He is also an Affiliated Professor at the Norwegian School of Economics, the Area Director for Labor Economics for the CESifo Research Network, a Research Associate of the National Bureau of Economic Research, a Research Professor at the ifo Institue, a CESifo Research Fellow, a Research Fellow of the Institute for the Study of Labor (IZA), and a Fellow of the Stanford Center for the Study of Poverty and Inequality. He was previously a faculty member at the University of Rochester and has held visiting positions at UC Berkeley, Princeton University, University of Copenhagen, University of Stockholm, University College London, Norwegian School of Economics, and CESifo Munich. He received his Ph.D. from Princeton University in 1998 and his B.A. from Brigham Young University in 1993.

Andreas Kotsadam

Andreas Kotsadam is a Senior researcher at The Frisch Centre, Professor at the Psychology Department at University of Oslo, and affiliated with EGAP and CESifo. Kotsadam’s main research interests are behavioral economics, development issues, and inequality.​

Dan-Olof Rooth

Dan-Olof Rooth is a Professor of Labor Economics at the Swedish Institute for Social Research, Stockholm University. He received his PhD in Economics from Lund University in 1999. His main research interests are labor economics with a focus on education, economic psychology, discrimination, and health.

References

  • Allport, Gordon W., The Nature of Prejudice (Reading: Addison-Wesley, 1954).
  • Blau, Francine D, Brummund, Peter, and Liu, Albert Yung-Hsu, “Trends in Occupational Segregation by Gender 1970-2009: Adjusting for the Impact of Changes in the Occupational Coding System”, Demography 50, 2 (2013), pp. 471-492.
  • Boisjoly, Johanne, Duncan, Greg J., Kremer, Michael, Levy, Dan M., and Eccles, Jacque, “Empathy or antipathy? The impact of diversity”, American Economic Review 96, 5 (2006), pp. 1890–1905.
  • Bordalo, Pedro, Coffman, Katherine, Gennaioli, Nicola, and Shleifer, Andrei, “Stereotypes”, The Quarterly Journal of Economics 131, 4 (2016), pp. 1753-1794.
  • Carrell, Scott E., Hoekstra, Mark, and West, James E., “The Impact of Intergroup Contact on Racial Attitudes and Revealed Preferences”, National Bureau of Economic Research Working Paper No. 20940 (2015).
  • Dahl, Gordon B., Kotsadam, Andreas, and Rooth, Dan-Olof, “Does Integration Change Gender Attitudes? The Effect of Randomly Assigning Women to Traditionally Male Teams”, Quarterly Journal of Economics, 136, 2 (2021), pp. 987-1030.
  • Finseraas, Henning and Kotsadam, Andreas, “Does personal contact with ethnic minorities affect anti-immigrant sentiments? Evidence from a field experiment”, European Journal of Political Research (2017).
  • Fortin, Nicole M, “Gender role attitudes and the labour-market outcomes of women across OECD countries”, Oxford Review of Economic Policy 21, 3 (2005), pp. 416-438.
  • Goldin, Claudia, “A grand gender convergence: Its last chapter”, The American Economic Review 104, 4 (2014), pp. 1091-1119.

U.S. Interest Rates are on a Gradually Buoyant Trend

Treasury yield

By Chan Kung and Wei Hongxu

Since February this year, U.S. 10-year Treasury yield has been rising steadily. The yield broke through the 1.6% mark again on March 12, rising to 1.625%, after U.S. President Joe Biden signed into law a new USD 1.9 trillion stimulus package. Compared with 0.916% at the end of last year, the yield on the 10-year Treasury note has now risen by 0.7 percentage points. Judging from this rising yield, the trend toward higher interest rates in the U.S. is likely to remain for some time to come. The global monetary environment of zero/negative interest rates since last year is undergoing a change, which is bound to bring about a repricing and structural impact on the global capital market.

In view of the fundamentals of the rising U.S. Treasury yields, ANBOUND has mentioned that, on the one hand, the consequences of the Fed’s ultra-loose monetary policy last year are emerging and the U.S. economic recovery prospects are relatively optimistic. On the other hand, inflation expectations caused by the new round of stimulus in the U.S. are clearly rising, at the same time, the Fed’s potential for a stronger yield curve control policy is also leading interest rates higher. Judging from the performance of the market, investors are not panicking as they were at the end of February, this trend is being gradually digested by the market, and many institutions are starting to reposition their investments in the belief that the current rise in Treasury yields is far from over. Deutsche Bank raised its year-end target for the U.S. 10-year Treasury yield by a full percentage point to 2.25%. Analysts at ING made clear that the yield on the U.S. 10-year Treasury note is likely to be well above 2% in the second quarter as the U.S. economy reopened and a USD 1.9 trillion fiscal stimulus package rolled out.

From a global perspective, the rise in interest rates is not an isolated phenomenon, but a common trend in major economies. Gao Shanwen, chief economist at Essence Securities, said bond yields in almost all major economies are rising. Compared to pre-pandemic levels in early 2020, Japan’s long-term bond yields, after a rapid rise, are already significantly higher than they were before the pandemic. Meanwhile, long-term bond yields in France and Germany have at least reached pre-pandemic levels, while U.S. bond yields are 30 to 40 basis points away from pre-pandemic levels. In this sense, the rise in U.S. bond yields is relatively modest. The current situation shows that although the current trend of global inflation is not obvious, the economy of developed countries is recovering rapidly under the circumstance of the continuous increase of global money supply and the popularization of vaccines in developed countries. This has led to inflationary expectations, which also means global liquidity easing is facing a “turning point”. Real interest rates are starting to return to pre-pandemic levels (zero interest rates) as nominal interest rates and inflation expectations rise.

In fact, according to a survey by BofA Securities, institutional investors have already begun to adjust their portfolios in response to rising interest rates. Therefore, although the rise in bond yields has not caused volatility in the U.S. stock market, a major structural change has taken place. On March 12, bank stocks rose on expectations of higher interest rates, with Wells Fargo and Citibank up more than 2% and JPMorgan Chase and Morgan Stanley up more than 1%. Meanwhile, U.S. industrial stocks continued to strengthen, with Boeing and Caterpillar up 6.82% and 4.2%, respectively. Growth stocks, on the other hand, generally fell, with Apple and Amazon down around 0.76%, Netflix down nearly 1% and Tesla down 0.84%. According to insiders, sustained rise in 10-year Treasury yields will fuel market expectations of rising inflation, pushing up prices of commodities such as crude oil, copper and aluminum, and putting downward pressure on gold prices. This change suggests that global capital markets are repricing and revaluing the rise in interest rates.

This trend in capital markets suggests that the growth-induced “taper tantrum” could return.

This trend in capital markets suggests that the growth-induced “taper tantrum” could return. In 2013, as the U.S. economy improved, the Fed gradually suspended its quantitative easing program, causing the “taper tantrum”, which led to the turmoil in the capital market and the bursting of the bubble. In this case, as ANBOUND has warned that liquidity “wiped out” in a capital market bubble will lead to increased demand for U.S. dollars and a return of U.S. dollar capital, affecting emerging markets including China. Liu Yuhui, a researcher at the Chinese Academy of Social Sciences, stated that “only after experiencing fiscal deficit expansion – rising interest rates – volatility in asset prices – the periodic elimination of redundant currency and credit, can the country make room for the next round of quantitative easing.” Under such circumstances, if the U.S. government continues to push the stimulus package and expand fiscal spending, it will inevitably promote a strong dollar policy, “wiping out” the overseas dollar liquidity while the policy rate

Due to the huge domestic market space and capital market regulation, China will be less affected. Meanwhile, the containment of the pandemic in China and the apparent economic recovery will make China’s capital market favored overseas. Therefore, the impact of U.S. dollar liquidity disturbance on China’s capital market is limited. However, the rise in global raw material prices is putting pressure on China’s domestic inflation and corporate earnings. At the same time, the constant flow of international short-term capital under the mechanism of “Shanghai-Shenzhen-Hong Kong Stock Connect” will also bring significant volatility to the domestic capital market, while the narrowing of interest rate differentials between China and the U.S. will also put pressure on the RMB exchange rate. Therefore, China needs to guard against risks and “stabilize leverage” to ensure the stability and development of the capital market. Above all, past perceptions of the global financial environment of “low growth, low inflation, and low interest rates” need to be changed to avoid misjudgments.

Final analysis conclusion

The repeated rise in U.S. Treasury bond yields indicates that the pick-up in interest rates has become a periodic trend. This trend will bring about a change in global liquidity, which may cause a revaluation and repricing of capital markets. This imminent liquidity “turning point” needs to be adequately estimated and addressed.

About the Authors

Chan Kung

Founder of Anbound Think Tank in 1993, Chan Kung is one of China’s renowned experts in information analysis. Most of Chan Kung‘s outstanding academic research activities are in economic information analysis, particularly in the area of public policy.

Wei Hongxu

Wei Hongxu, graduated from the School of Mathematics of Peking University with a Ph.D. in Economics from the University of Birmingham, UK in 2010 and is a researcher at Anbound Consulting, an independent think tank with headquarters in Beijing.

5 New Skills to Learn in 2021

5 New Skills to Learn in 2021

According to the American author, Robery Greene, “The future belongs to those who learn new skills and combine them in creative ways.”

Learning new skills not only opens up many avenues for you in terms of job prospects but also furthers your adaptability in a fast-changing world.

Irrespective of the field, skills always come in handy in making you stay relevant and job-worthy in the present market!

Remember it is all about making yourself marketable in today’s age!

Top 5 Skills You Must Acquire In 2021

Learning a new skill only has benefits, doesn’t it? Of course, it is easier to use some sources and buy homework online. But talking about skills is like opening a pandora’s box! The choices are plenty!

Listed below are 5 skills that we think will look good on your CV in 2021:

1. Information Technology and Cybersecurity

Information Technology and Cybersecurity

With the world coming to a standstill in 2020 and crippling back with the help of IT, tech skills are crucial to survive and sustain in a pandemic and post-pandemic era. It proved the existing huge gap between the needs and the existing human resource.

Further, with a lot of security concerns rising and companies facing huge cybersecurity threats, learning this skill might lead you to become the next cybersecurity professional in a reputed company with many companies reporting to have spent about $15 billion per week just to cyber secure their systems. The importance of cybersecurity has been raised, and companies started to educate their employees about the need and benefits of cybersecurity. Some of these customizable cybersecurity presentation slides helped them in achieving this. 

Varsha Barooah, Director at Michael Page, India claimed, “The demand for roles such as security engineers, cybersecurity analysts and cybersecurity engineers is on the rise.”

There are studies that claim cyberattacks are considered to be one of the fastest-growing threats in the US.

While everybody is aware of the dangers of cyberattacks, not many organisations are well-equipped with cybersecurity professionals or practices that make them more vulnerable to such attacks.

Robert McKay, the Senior Vice President at Neustar said, “Cybersecurity experts predict that in 2021 there will be a cyber attack incident every 11 seconds. This is nearly twice what it was in 2019 (every 19 seconds), and four times the rate five years ago (every 40 seconds in 2016).”

As per the reports of Cybersecurity Venture, “It will cost global organizations over $6 trilliion per year to fight cyber crimes and there will be around 3.5 million unfilled security jobs.”

Talking about cybersecurity, do you worry about losing all your precious content, photographs and so on? Chainlink allows you to store all your data in a secure cloud space without any cyber threats whatsoever. The most significant use of Chainlink is to supply reliable data from both on-chain and off-chain sources to the App market.

If you’re wondering about how to buy Chainlink, there are many resources available online.

However, all of them are for people who are tech-savvy.

What if you are less technically inclined? Don’t lose heart! You can still pick up basic skills from related fields like Cloud Computing, Blockchain, Mobile App Development, Machine Learning, and so on. Working knowledge in these will give you an extra edge over the others the next time you walk in for a job interview.

2. Foreign Languages and Translation

Foreign Languages and Translation

While the English language continues to dominate the global market, interacting with people in their choice of language always helps in winning the first round! Not only does it make communication easier, but it also improves interpersonal skills to a large extent. Thus, being multilingual never hurt anyone!

Learning a new language is always fun and it can help you improve your career prospects, aid in school and college admissions, emigration, and so on.

While many languages would allure you, always remember to pick up a language that would help you in your future education as well as career prospects. Do not pick up a language because it is easy or just popular!

Did you know that knowing an extra language can boost your compensation by a significant percentage?

Worried about where to learn new languages from in this age of social distancing?

No need to panic or look further. Many online portals can help you in this cause! Some of them are Rosetta Stone, Duolingo, Babbel, Tandem and so on. All of these have excellent language learning features with some even offering their service for free!

With learning new languages, you might want to even try your hands at translation as well. With people sitting at home amidst the pandemic, more and more are getting attracted to the computer. Multilingual content at this stage would shoot up businesses.

With language and translation skills in place, you are sure to never go out of business! And you should also leverage the many benefits of a text expander tool, since it will help you save time thanks to the templates you can save in any languages you want!

3. Video and Audio Production

Video and Audio Production

Come on! Let’s be honest and admit to watching at least a few Tik Tok videos during the lockdown! Like them or not, Tik Tok, Insta reels are grabbing the headlines with their ability to produce engaging content.

The buzz about digital content is partly due to the ease of access and the entertainment involved.

While print advertising is slowly giving way to digital advertising, surveys show that at least 54% of consumers wished to see the video content of brands of their choice.

Honing video production skills will increase your chances to feature in an ad agency or as a part of the brand image creation department.

Along with video production, audio production isn’t far away. Podcasts are the latest in business. You can up your skills using many of the new age apps available on the internet. OpenShot, GarageBand, Audacity are some to name a few.

4. Data Analysis

Data Analysis

Want to come across as someone desirable in the job market? You just need a basic knowledge of knowing and understanding information.

‘Data’ continues to be the magic word even in 2021!

Which series will the readers want to watch next? Which documentary would attract more eyes? Data analysis today is not just limited to business choices but also aiding in quick advertising of content and products.

Be it Hotstar, Netflix, Amazon, data analysis is used to plan future data. If you have the skill of analytics, you are sure to gain priority in both advertising and marketing as this is one field that promises continued growth and demand.

Companies are looking for data analysts who would drive data-based marketing and increase viewership of all web-based platforms.

If you are interested, there are many courses available online that will help you strengthen your data analysis skills. There are various courses offered by Stanford, Texas universities and also MOOCs that provide detailed training in understanding and interpreting data for better market benefits.

5. Extended Reality – Virtual and Augmented

Virtual and Augmented

With the pandemic creating havoc, the scope of augmented reality (AR) has increased manifolds. But wait! While AR was all about fun and games till 2020, post that it has become a thing of utility. Some of the important fields where AR has made inroads are:

  1. Healthcare: Most of us have already experienced doctor’s appointments online during the pandemic. Now with AR creating magic, a lot of medical procedures along with other interventions are using this technology for treatment.
  2. Diagnostics: On-call mechanics or other repair workers are slowly becoming a thing of the past. Every time an appliance stops working, would you not rather look up any video that offers a DIY tutorial rather than spend hours dialing in the appliance executive’s number only to be left disappointed at the end?

The above are just to name a few. AR has also made its way into Retail, Art, and many other areas. Survey predicts that in the next five years, the demand for skilled technicians with sound knowledge of Extended Reality (XR) will grow unexpectedly.

There are many courses and online apps that can help you learn AR. University of Michigan, University of London, University of Toronto among many others offer courses on how to build AR and VR apps.

To sum up

While these are all tech-based skills that you can master to stay abreast with ever-changing tides, there are many other skills that you can try your hands on as well – Photography, braiding, cooking, graphic design, coin-collecting, gardening, cabinetry, film-making, and the list goes on.

Though we are living in a candidate-driven job market, it takes a lot of hard work to be noticed by recruiters.

You are trying your best to be on top of the game- upping your skills, learning new technologies, being up to date with the market and so on. But in all probability, everyone around you is doing the same as well!

Then, what sets you apart? Studies show that it is the ‘soft skills that determine your future! Be it time management, creativity, business communication, verbal communication, and so on. They give you this extra edge over the others and make your profile more likeable.

What are you waiting for? In the age and time of social distancing where the ‘work-from-home’ culture is the new normal, dominating the market and impending lockdowns looming large, this is the perfect time to learn a new skill or two and make it big at your next interview!

Feel free to let us know in the Comments section below what skill would you like to add to this list.

Good luck with your career!

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