In someone else’s apartment I wake myself up with a mixture of sunlight and coffee my face a blank sheet and a tightness in my calves that is perhaps from walking too much yesterday it was what you might call a lovely evening the bricks made echoes of the light there was music playing a […]
Saturday
Are you a new mom with this little human that seems to be your entire world right now? Well, with all that innocence and adorable attitude of this baby, it is natural to care for the child more than what you are capable of! Then there comes the feeling to provide the kid with everything […]
5 must have items for moms with newborn babies
Parenting is hard. Whoever says its easy is either lying or not doing it to their full capacity. Parenting alone is another story altogether. My teenager knows how to push a boundary and she also knows how to push my buttons. I love raising her, I love watching her grow, but it pushes me to […]
Parenting Reminder
Gourdine is best known for his invention of various electrostatic precipitator systems (first patents granted in 1971-1973), including “Incineraid,” which helps to remove smoke from burning buildings, and a method of removing fog from airport runways (patented in 1987).
Inventor Meredith Gourdine cleared the way for the rest of us
The vast majority of Western corporations have failed to properly exit Russia, according to research carried out by two Swiss universities. Multinational firms such as including McDonalds and Nissan even have kept an option to buy back their Russian subsidiaries via clauses into their exit contracts; this would let them return to Russia if tensions die down. A paper from the University of St Gallen and IMD Business School found that fewer than one-in-11 firms based in EU and G7 countries have actually divested from the Russian Federation, despite claims of a widespread exodus from the country. In Nissan’s case, the car maker inserted a six-year buy-back provision in selling its Russian manufacturing business to the country’s state-owned NAMI. In the case of McDonalds, the fast-food firm has 15 years to decide whether it wants to claw back its Russian business, after it sold its operations in the country to Siberian billionaire Alexander Gover. The paper warns that major Western companies have resisted calls from government, the media and NGOs to pull out of Russia as it notes just 8.5 per cent of EU and G7 companies have actually divested from at least one of their Russian subsidiaries. The European Union has 27 member states while the G7 consists of seven of the world’s largest economies, including Canada, France, Germany, Italy, Japan, the UK, and America. At the start of the war in Ukraine, a total 1,404 EU and G7 firms owned a combined sum of 2,405 subsidiary companies operating in Russia, paper says. However, by November 2022, just 120 firms were confirmed to have actually exited Russia. The report notes that the 120 exits represent just 6.5 per cent of Western firms’ overall profits-before-tax, as it argues businesses were more likely to drop less profitable and underperforming subsidiaries. It points out that the companies dropped also had larger workforces on average, as it notes the ditched subsidiaries accounted for 15.3 per cent of Western firms’ overall Russian workforce. The paper shows 18 per cent of American firms, 15 per cent of Japanese companies, and just 8.3 per cent of EU businesses have pulled out of Russia. It notes that the EU and Japanese owned firms that were ditched had particularly low profitability. The findings cast doubt on the West’s ability to decouple its economy from Russia’s and raise concerns about the effectiveness of Western sanctions. The paper also warns that its findings bring into question the West’s ability to fight an economic war against China, as it notes that for every one US dollar of foreign direct investment in Russia there are $8 invested in China. It argues that Russia is the “perfect test case” for the West – due to the size of its economy – in showing many firms are willing to withstand reputational damage in keeping operating in the country. McDonalds and Nissan were approached by City A.M. for comment.
McDonalds and Nissan could buy back Russian subsidiaries as it is revealed most Western corps have failed to exit the country
[ad_1] Aliko Dangote, a Nigerian billionaire is on his way to becoming the first African and Black person in history to own a $30-billion fortune. This comes as the date for the launch of his $19-billion petroleum refinery draws near. Scheduled for commissioning next week, the 650,00-barrel-per-day refinery could give Dangote’s fortune a great boost. […]
Nigerian Billionaire Aliko Dangote To Become Africa’s First $30-billion Man
[ad_1] (Photo by Stephen Lam/Getty Images) Getty Images Key takeaways Salesforce is cutting 10% of its global workforce, equating to around 8,000 jobs which will be lost. Amazon is also cutting a much higher number of employees than originally planned, with their figure of 10,000 cuts revised up to 18,000 Rumors continue to swirl that […]
Tech Layoffs Continue With Cuts At Salesforce, Amazon And Maybe Even Google
[ad_1] Hartford, Connecticut (WFSB) – Business leaders in Connecticut anticipate what the economy has in store for 2023. The Connecticut Business and Industry Association held its Economic Outlook Summit on Thursday. We discussed inflation, business challenges related to the COVID-19 pandemic, and labor shortages. Avelo Airlines CFO Hunter Keay and Governor Ned Lamont were keynote […]
State Business Leaders Discuss Economic Outlook for 2023
[ad_1] JOHN Thompson, a partner in energy and environmental solutions through value engineering and innovation, has expanded its product and service offering to include industrial heating, ventilation and air conditioning (HVAC) systems. John Thompson’s HVAC systems (formerly ACTOM HVAC systems) provide design, manufacture, installation, commissioning and after-sales services for single component and full-integrated systems. With […]
Air engineering and cleanroom technology part of expanded industrial HVAC offering
ITS AloT ppl don't know 