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Business

What Compounding Means For Investors

Last Updated: December 01, 2022, 20:12 ISTCompound interest is another name for this phenomenon, which is a direct application of the time value of money (TMV) idea.Compounding is important in finance, and many investing techniques are driven by the profits associated with its effects Compounding is the term used to describe how an asset’s value grows as a result of the interest that is earned on both the principal and the accumulated interest. Compound interest is another name for this phenomenon, which is a direct application of the time value of money (TMV) idea.Compounding is important in finance, and many investing techniques are driven by the profits associated with its effects. For instance, many businesses provide dividend reinvestment programs (DRIPs), which let investors ...
Business

$150 World Cup Jerseys Made by Workers Getting $2.27 a Day

As the World Cup in Qatar kicked off last week, millions of fans pulled on jerseys costing $90 to $150 that were sold by Nike and Adidas, the official outfitter of this year’s tournament. Players, wearing new, brightly colored uniforms, slipped into shiny cleats and shoes that can retail for more than $200.But what did the people who made these items get paid?In the case of 7,800 workers at the Pou Chen Group factory in Yangon, Myanmar, a supplier of soccer shoes for Adidas, the answer is 4,800 kyat, or $2.27, per day.The Myanmar factory underscores the continuing struggle for many of South Asia’s 40 million garment workers, who have long grappled with poor working conditions and wages, and whose troubles have been exacerbated by the pandemic. Now, with the biggest sporting event in the...
Business

Mattress company Emma investigated by CMA over ‘pressure-selling’ tactics

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsA mattress and bed company, Emma Sleep, is being investigated for allegedly deceiving customers through pressure-selling tactics designed to force shoppers into making quick purchases.The UK competition regulator, Competition and Markets Authority (CMA), is investigating whether Emma breached consumer protection law.The company is said to use countdown clocks on their website, implying that a lower-price offer will end soon and tricking consumers into making purchases under pressure.Consumer choice brand, Which? said they have previously warned companies against this in the past.Rocio Concha, Director of Policy and Advocacy at Which?, said: “Emma...
Business

EU warns Elon Musk of possible Twitter ban under new rules

"Let's also be clear that there is still huge work ahead, as Twitter will have to implement transparent user policies, significantly reinforce content moderation and protect freedom of speech, tackle disinformation with resolve, and limit targeted advertising," he said. Source link
Business

Who Are Angel Investors? Know About Top 5 Angel Investors in India

Angel investors are the ones who get involved with a company at an early stage or the seed funding phase. Angel investors provide capital to needy but worthy business start-ups in exchange of convertible debt or equity. People who have embarked on the journey to form their business ventures should know about the term angel investors in detail. Angel investors use their own net worth to invest in new business ventures and play an important role in India’s startup ecosystem.Angel investors are more commonly from the business background only but wealthy individuals from other fields are also increasingly investing in startups in India. Successful small business owners and entrepreneurs, who are heading profitable ventures, can also become angel investors. Top executives holding management ...
Business

Alzheimer’s Drug May Benefit Some Patients, New Data Shows

Dr. Thambisetty said the two deaths add to questions about lecanemab’s safety issues “in real world clinical practice where patients are likely to be sicker and have multiple other medical conditions in contrast to carefully selected patients in clinical trials.”Nonetheless, the data on lecanemab, which Dr. Gandy noted attacks a different form of amyloid than previously tested drugs do, showed significantly lower rates of swelling and bleeding than with Aduhelm.Nearly 13 percent of patients receiving lecanemab experienced brain swelling, which was mild or moderate in most cases, while less than 2 percent of patients receiving the placebo experienced such swelling, the study reported. Most brain swelling did not cause any symptoms and generally resolved within a few months. About 17 perc...
Business

Germany to get new Qatari LNG flows

Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. Since Russia’s invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent’s imports. The deal, the first of its kind to Europe from Qatar’s North Field expansion project, will provide Germany with two million tonnes of LNG annually, arriving from Ras Laffan in Qatar to Germany’s northern LNG terminal of Brunsbuettel, QatarEnergy’s chief executive said. “(The agreements) mark the first ever long-term LNG supply agreement t...
Business

UK car industry pleads for government action to secure future

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UKSign up to our Brexit email for the latest insightThe British car industry is warning government that “rapid action” is needed to secure the long term future of what is still a major part of the economy, and a major employer and exporter. The industry has had to contend with the demands of Brexit and the pandemic in recent years, as well as the war in Ukraine and its knock-on economic impact on disposable incomes. Lately, the severe shortage of semi-conductors from China and Taiwan, which has stymied recoveries in production levels, has begun to ease, and sales and revenues have picked up. However, the industry now faces fresh challenges. Demanding deadlines for the conversion of pet...
Business

Sensex, Nifty Scale Fresh All-Time High Levels; Rupee Also Up By 8 Paise

The Sensex on Tuesday opened 142 points lower but within minutes, it claimed the green territory and jumped 134.5 points to its all-time high of 62,639.30 in the early morning trade. The Nifty also opened slightly lower by 10 points but later saw buying and jumped 64.65 points to scale its lifetime high of 18,627.40. This is the fourth consecutive day for the equity markets to hit record high levels and sixth day in a row to post gains.The rupee also strengthened on Tuesday by 8 paise to 81.60 to a dollar in the early morning trade, compared with the previous close of 81.68.Among the 30-shares on the Sensex, 20 shares were in the green while 10 were in the red. Hindustan Unilever, Dr Reddy, Tata Steel, Titan and Sun Pharma were the top performers in the early trade. On the other hand, M...