According to The Born Digital Effect, a study by Citrix Systems, young employees are poised to generate an additional $ 1.9 trillion in profits for companies. Comprised of Generation Y (born 1981-1996) and Generation Z (born after 1997), Born Digital are the first generation to grow up in a fully digital world and now represent […]
Month: May 2021
The cloud can generate new annual profits of $ 414 billion for businesses: Infosys
Top-performing companies show annual profit growth correlated with cloud usage in six different ways, study found Efficient cloud adoption can generate new net annual profits of $ 414 billion for global companies, according to research from Infosys. The study found that top-performing companies had annual profit growth from using the cloud in six different ways: […]
N Brown’s annual profits cut in half to £ 30million
Fashion and housewares retailer N Brown posted a 49.4% drop in profits to £ 30.1million in the year ending February 27, 2021. The Manchester-based company also reported a 13% drop in group revenue to £ 728.8million, with statutory operating profit down 27% to 35.1%. Difficult 2020 N Brown, which owns the JD Williams and Jacamo […]
Egyptian sports tournaments attract foreign investment and boost the country on the international stage
Psychotherapist Hussam Nabil is best known for tabling a new approach to mental wellness in 2020 – but his expertise goes beyond that. With a bachelor’s degree in political science and economics from Cairo University, Nabil has a long history in the promotion and organization of sporting events. Just four years after graduating in 2000, […]
Tunisia records a 31% drop in foreign investments
The Foreign Investment Promotion Agency (FIPA-Tunisia) revealed a 31% drop in foreign investment during the first quarter of 2021 compared to the same period last year. FIPA said the coronavirus pandemic has played a negative role in attracting foreign investment in most sectors. He said investments had increased from TND 2.5 billion ($ 919 million) […]
A good read on inflation for corporate profits
This article first appeared in the Morning Brief. Get the Morning Brief delivered straight to your inbox Monday through Friday before 6:30 a.m. ET. Subscribe Thursday May 13, 2021 It’s all about demand. Inflation data released on Wednesday left markets scared. Consumer prices rose at the fastest annual rate since 2008 in April, according to […]
Chinese companies raise $ 3 trillion in foreign investment by end of 2020
Mutual fund assets invested with Chinese fund and wealth management companies grew 36% year-over-year in 2020 to reach 2.44 trillion euros ($ 3 trillion). ). According to a study conducted jointly by Luxembourg for Finance – the national agency for the development of financial centers – and PwC Luxembourg, assets have also grown at a […]
Denmark passes law to screen foreign investment for security risks
Danish lawmakers have passed a law allowing screening of future foreign investments to ensure they do not pose a threat to national security, the Ministry of Business said on Wednesday. The new legislation was drawn in part following security concerns over an offer from Chinese Huawei to build Denmark’s 5G network. Denmark’s largest telecommunications operator […]