January 19, 2021

Global Business

On Election Day, voters in five states will decide ballot initiatives that would legalize cannabis use either recreationally (Arizona, Montana, New Jersey, and South Dakota) or medicinally (South Dakota and Mississippi). Meanwhile, those in Louisiana, Maryland, and South Dakota will vote on initiatives that would legalize sports betting, to varying degrees, in their own states.

The ballot measures speak partly to changing public attitudes toward both marijuana use and gambling, activities that remain criminalized in large swaths of the country. Yet, both have been gradually accepted in jurisdictions across the U.S. Despite the continued federal prohibition of cannabis, recreational adult use of marijuana is now legal in 11 states plus the District of Columbia, while the Supreme Court’s decision to reverse a federal ban on sports betting in 2018 has seen the practice now allowed in 22 states plus D.C.

If those numbers were already expected to swell in the … Read the rest

...

Filipinos are expected to spend more next year especially on recreation amid government stimulus measures for sectors badly hit by the coronavirus pandemic, and as more people return to work, according to Fitch Ratings.

Household spending will probably grow by 5.7% in 2021 after shrinking by 8% by year-end, the global research firm said in a report on Friday.

Household spending on recreation and culture is expected to grow by 15.3% next year — the fastest among all sectors — after shrinking by 17.8% this year, Fitch analysts said.

Filipino spending on furniture and homes is also expected to increase by 13.7% after contracting by 15.2% this year, while spending on hotels and restaurants will probably grow by 10.5% after shrinking by 16.8% this year, Fitch said.

Spending on alcoholic drinks and tobacco is expected to rise by 10.4% from a contraction of 16.7% by year-end.

Spending on clothing and … Read the rest

...

The rise in consumer prices is expected to fall within 1.9% to 2.7% this month as lower fuel prices and water rates temper rising electricity costs, according to the Philippine central bank.

Inflation would probably settle at 2.3%, the same rate as in September, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno told reporters in a Viber group message on Friday.

Inflation eased for the second straight month in September due to a slower increase in food prices. This brought the nine-month average to 2.5%, which was within the central bank’s 2-4% target for the year.

“Higher electricity rates in Meralco-serviced areas, increases in LPG and kerosene prices and the impact of weather disturbances on selected food items contributed to upward price pressures for the month,” Mr. Diokno said.

These could be partly offset by lower prices of gasoline, diesel and rice, as well as lower water rates for … Read the rest

...

It is easy to say you want to be an entrepreneur. However, it’s another thing entirely to actually become one. You need to be prepared to work harder than you have ever in your life. It will require commitment from you, and a whole other array of skills you may not have even considered. What skills do you need to become a successful entrepreneur?

Determination

One of the main things you will need to succeed is determination. There will be a whole world of elements thrown at you during your business venture, and you need to be prepared to tackle each and every one. James Kinsella co-founded instantprint, a printing company that looks to help start-ups through marketing materials such as brochures or books. He advised, “It’s an emotional roller coaster. If you compare working for someone else versus working for yourself, the highs when you’re doing really well are Read the rest

...

As Brexit looms, Amazon is starting the process of separating UK and EU sales from 14 November and UK shoppers buying gifts from EU sites and British traders selling to Europe face potential increased costs and confusion.

The international e-commerce giant Amazon has hastened its Brexit bail-out by confirming that traders will no longer be able to remove stock across the EU and UK border from 14 November.

Amazon has just announced record sales figures for its third quarter, with profits tripling. Its net sales increased by 37% to $96.1bn (£74.4bn) in the third quarter but its shipping costs rose by $1.4 billion and are now $5 billion higher than the same period a year earlier.

To keep rising costs in check, it is taking early action to limit the impact of Brexit on its operations by ending ‘inventory removal orders’ from its Fulfilment Centres for stock that is being … Read the rest

...

As restrictions tightened in Europe amidst rising new coronavirus cases, U.S. stocks went into a tailspin this week. Of course, the aviation sector wasn’t spared, and despite better than expected Q3 earnings, neither was Boeing (BA). The stock ended the week down 14%, further adding to 2020’s poor performance. Expectations were low heading into the quarter’s print, and despite posting a fourth consecutive quarterly loss, Boeing’s third-quarter results came in ahead of Wall Street estimates.Revenue dropped by 29.4% year-over-year, yet at $14.1 billion still beat the Street’s forecast by $140 million. The loss on the bottom line wasn’t as bad as expected, either, with Non-GAAP EPS of -$1.39 beating consensus by $0.55.Boeing reported negative (FCF) free cash flow of $5.08 billion, yet still, the figure was an improvement on the previous quarter’s negative $5.6 billion. However, with so much uncertainty surrounding the aviation industry, Boeing’s hope of turning cash flow … Read the rest

...

A federal judge in Pennsylvania blocked a broad set of government restrictions designed to curb the use of the Chinese-owned video-sharing app TikTok in the U.S.

U.S. District Judge Wendy Beetlestone issued a temporary injunction on Friday blocking the TikTok ban in response to a lawsuit filed by a group of plaintiffs who use TikTok to make a living. The proposed rules, scheduled to go into effect Nov. 12, would forbid companies from providing the underlying web services that make the app accessible in the U.S.

The U.S. contends that TikTok is a national security threat because its ownership by Beijing-based ByteDance Ltd. gives the Chinese government access to the personal data of millions of Americans. President Donald Trump has demanded that ByteDance find an American buyer for TikTok, and the company is seeking U.S. approval for a deal to sell a stake in the app to Oracle Corp.Read the rest

...

The financial market is still reeling from the bad economy plaguing us all today, but there is still room for a lot of growth on the Internet. Aniz ~ Thank you for taking the time to read my article. I appreciate your comments as well. I liked Pope Benedict. While no John Paul II, a towering figure hard to follow, he was miles better than the imbecile they have in his office now. It may be hard for us to come to terms with the fact that one day we will die. But by providing protection for your spouse, children and other dependants, life insurance will ease your fears about what happens to them after you expire. Purchasing life insurance need not be a burden, especially if you think about how the benefits will help your family cope with your loss. Learn how to find the best customers for your … Read the rest

...

The value of clinical research to the NHS, the UK economy and jobs market has been evaluated in a new report, which provides an assessment of the economic impact of the National Institute for Health Research Clinical Research Network’s (NIHR CRN) activities to support clinical research in England. Dr. Ronald Weinstein, co-founder and director of the Arizona Telemedicine Program, said telemedicine state parity laws require private insurers to cover telemedicine-provided services that are comparable to in-person visits. Considering that the number of states with those laws has doubled in the last three years, there may be a lot more physician-patient online chatter in the future. Apply for a NatWest business credit card. If you’re accepted, you can then request a balance transfer, by getting in touch or online. Like industries across the board, the insurance business is trending to a more technologically efficient environment with apps and internet sites designed … Read the rest

...

In The Entrepreneurial Way, Jacob Busani takes readers on a one-month journey through the world of entrepreneurship. Is it true that the vast majority of the population are becoming negative? What are the reasons and how we can stop ourself from becoming negative in life? This article of mine contains some very simple solutions which most people can follow. Even before World War II started factions within American society and government were steering America towards a more socialistic form of government, where large corporations controlled economic goods, politics and the military. What kinds of activities do you do every day? Are you happy with what you are doing in life? Well, in this article, we are sharing information about what kind of activities a happy person would do. A blog is basically meant to facilitate your small business marketing, not to replace it. You create your blog and post regularly, … Read the rest

...