BM Finance Fundas: How rule of 72, rule of 114 can help you
To understand the rule of 72 formula, you need to divide 72 by the expected annual rate of return. For example, say you invest Rs 1 lakh every year in an investment that earns 8% interest annually. Now if you divide 72 by 8, you will get 9 which gives you the number of years it will take for your money to double. So, your investment will grow to Rs 2 lakh in nine years.
Report proposes new rights to protect workers from 'unfair, unaccountable and uncaring' algorithms
A new report published today [6 June] calls for a new generation of rights to protect workers from the rise of "management by algorithm."
China Evergrande unit starts legal proceedings against parent
Evergrande Property Services said on Friday (Jan 26) its units have started legal proceedings against parent China Evergrande to recover 11.4 billion yuan (US$1.59 billion) of pledge guarantees on deposit certificates. The lawsuits, which also name China Evergrande's other units including Hengda Real Estat
SEC Amends Justin Sun Lawsuit to Cite His Extensive Travel in US - Decrypt
The SEC argued that because Justin Sun "traveled extensively" to the U.S., the case falls under the regulator's jurisdiction.
Government fines Citigroup $136 million for failing to fix longstanding internal control issues
NEW YORK (AP) — A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues. It’s a major blow to Jane Fraser, the bank’s CEO, who has staked her career on making Citi leaner and less complex.
EU's AI Act: France fighting to bitter end in bid to protect its startups, reports say
The world's first major regulation on artificial intelligence should almost be done and dusted – but France is causing trouble. FRANCE 24's Tech Editor Peter O'Brien tells us more.
Virgin Galactic to lose funding from its billionaire founder
Richard Branson has said he will no longer put any money into Virgin Galactic, the space tourism company that he founded 19 years ago.
Elon Musk sues OpenAI for abandoning its principles and says taking Microsoft's billions has 'set the founding agreement aflame'
Claims that AI in these hands is a "particularly acute and noxious danger" to humanity.
Peer-to-peer car-sharing service battles to expand at North Texas airport
There is a battle between Turo and DFW International Airport for people to be able to rent Turo cars there.
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling $300B in debts
The company, the world’s most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector.
Millionaire Roadmap: 7 Must-Own Stocks to Ride the Wealth Wave
Are you looking for the millionaire roadmap to riches? Here are seven must-own stocks to ride the wealth wave.
SITC International Holdings Company Limited (SITIY) to Issue Dividend of $0.59 on June 5th
SITC International Holdings Company Limited (OTCMKTS:SITIY – Get Free Report) announced a dividend on Monday, April 1st, NASDAQ reports. Shareholders of record on Thursday, May 2nd will be paid a dividend of 0.5893 per share on Wednesday, June 5th. The ex-dividend date is Wednesday, May 1st. SITC International Stock Down 5.2 % Shares of SITIY […]
US seeks to stop citizens' data exploitation for blackmail, espionage - Bloomberg News
The United States plans to announce a new executive order to seek to prevent foreign adversaries from accessing troves of highly sensitive personal data about Americans and people connected to the U.S. government, Bloomberg News reported on Tuesday The draft order focuses on ways that foreign adversaries
Algorithms cannot decide a patient's healthcare coverage, the US government clarifies
Insurers offering Medicare Advantage (MA) plans have received a new memo from the CMS, an FAQ-like document that offers careful clarifications on the use (or abuse) of...
India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion.
Saudi Cable’s board recommends capital increase via rights issue - Mubasher Info
SAUDI CABLE 2110 30.53% 74.60 17.45 Default Company 7204.B 0.00% 0.00 0.00
Fennec Pharmaceuticals and Norgine Enter into Exclusive Licensing Agreement to Commercialize PEDMARQSI in Europe, Australia, and New Zealand
Agreement pairs Norgine's commercial expertise and leading European footprint with PEDMARQSI™, the first and only approved therapy in the European Union and U.K.
India supports decision to operationalise Loss and Damage Fund: Union Minister Bhupender Yadav
Dubai [UAE], November 30 (ANI): Union Minister for Environment, Forest and Climate Change Bhupender Yadav has said India strongly supports the decision to operationalise the Loss and Damage Fund. A decision to operationalisation the Loss and Damage Fund was adopted in the opening plenary of COP28. Show Full Article “A positive signal of momentum from […]
Foreign state control of British news organisations to be outlawed in bid to ‘block’ UAE takeover of The Telegraph
The foreign state control of British newspapers will be outlawed as the government attempts to 'block' a UEA-led takeover of The Telegraph.
Government is poised to revamp PFJ – Agric Director
Mr James Adu, the Bono East Regional Director, Department of Agriculture, has pledged government’s commitment to revamping the Planting for Food and Jobs (PFJ) project to a grade 2.0 level to help farmers increase yield. The PFJ 2.0 is a new phase of PFJ that would focus on distributing the…
Grubhub agrees to a $3.5 million settlement with Massachusetts for fees charged during the pandemic
Massachusetts Attorney General announced a $3.5 million settlement with the online food delivery service platform Grubhub.
3M’s CEO is in line for a $26 million pension — as company freezes the plan for employees
Another U.S. corporation cuts retirement benefits for its workers while fattening benefits for the people in its executive suites.
Labour proposes overhaul of Britain’s Railways to enhance passenger experience
Labour has revealed a plan to bring train operators under public ownership and streamline governance to prioritise passenger satisfaction
South Africa abandons plans for communications super-regulator
The plan to create a super-regulator for communications and Internet has been abandoned on several occasions since 2017.
Dubai office of US health firm BD strikes deal to advance patient safety
Dubai office inks deal with Emirates Nursing Association
Maersk quietly settled its $44 million lawsuit against the companies behind the Ever Given, the ship that blocked the Suez Canal
Shipping giant Maersk has settled a case over the grounding of the Ever Given in the Suez Canal.The terms of the deal are unclear.Maersk says more than 50
TikTok sued for 'massive' invasion of child privacy
The US says TikTok obstructed parents trying to cancel their children's accounts.
CIOs and CTOs Across Australia and New Zealand Struggle Balancing IT Modernization Efforts with Business Growth and Profitability, According to New Survey
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced findings of the Tech Research Asia Survey Report, “Operational Excellence is a Key Part of System Modernisation,” examining the challenges, opportunities, and priorities of CIOs and CTOs in their modernization journey.
Hero Cycles assigns its brand mandate to Wieden+Kennedy
The account was won without a multi-agency pitch. 
PTA vows to protect consumers as it mulls FBR's SIM-blocking directive
The Pakistan Telecommunication Authority Thursday reaffirmed its resolve to protect consumers' interests in light of Federal Bureau of Revenue's decision to block 500,000 SIMs of...
SoftwareOne says all proxy advisors now against replacement of board
All proxy advisors now oppose the complete replacement of Swiss IT firm SoftwareOne Holding's board of directors, the company said in a statement on Friday.SoftwareOne's founding shareholders, who together hold 29 per cent of the stock, had proposed replacing SoftwareOne's board after it rejected an offer
Temu alleges Shein is using ‘mafia-style intimidation’ of suppliers to curtail its growth
Chinese e-commerce retailer Temu is suing rival Shein again.
Federal Court orders Google to surrender records to government investigation of advertising dominance 'harm'
Canada’s Competition Bureau is expanding its investigation into the advertising practices of tech giant Google after an order granted this week by the Federal Court requiring the tech giant to hand over records relevant to its dominance in the online ad market.
Company Speaks on Building Another Cement Line to Compete Dangote, Larfarge, Others
BUA Cement MD revealed that the company has signed an agreement to expand its Sokoto production line, increasing its installed capacity to 20 million tons per year.
Private healthcare pushing Auckland labs to the brink
Rocketing demand from private health practices in Auckland has been pushing public pathology services to the brink.
The Magical, Mystical, Guide to the Galaxy of Estate Planning
The 58th Annual Heckerling Institute on Estate Planning is scheduled to take place from January 9th to the 11th in Orlando, Florida. Here is what is on the Agenda.
Hong Kong announces plan to ban use of e-cigarettes, even in private
Hong Kong announced plans on Thursday for a blanket ban on e-cigarettes, citing their impact on the health of young people.
Policy group wants South Carolina to update its civil liability system
(The Center Square) — A South Carolina policy group says the state’s civil liability system costs the state jobs and hinders its economic growth.
Central Bank of Nigeria approves cNGN stablecoin to pilot in February amid CBDC woes
Nigeria's cNGN stablecoin set for pilot as an alternative to CBDC, promising remittance revolution and global trade efficiencies.
Class-action settlement: Bank of America customers have one day to file exclusion in $500,000 settlement
Customers belonging to the Bank of America in Florida must file an exclusion by tomorrow to opt out of a $500,000 class-action settlement stemming from late-night debt collection messages.
Oborevwori presents 2024 appropriation bill of N714.4bn to Delta assembly
Delta State Governor, Hon Sheriff Oborevwori, presented a N714.4 billion appropriation bill for the 2024 fiscal year to the State House of Assembly on
US SEC says breach of X account did not lead to breach of its broader systems
WASHINGTON :The U.S. Securities and Exchange Commission on Friday said there was no evidence to suggest the breach of its X account earlier this week also involved a breach of the agency's systems, devices, data or other social media accounts.The fake post on Tuesday said the SEC had approved trading of spot
The SFPD’s Intended Purchase of a Robot Dog Triggers Board of Supervisors’ Oversight Obligations
The San Francisco Police Department (SFPD) wants to get a robot quadruped, popularly known as a robot dog. The city’s Board of Supervisors has a regulatory duty to probe into this intended purchase,
MSINGATHI SIPUKA | Africa must use its G20 seat to elevate structural impediments to its own development
For several decades, African leaders have appreciated the transformative power of industrial development, with a particular focus on expanding the manufacturing sector.
NodaFi raises $3.5M to become the ‘Salesforce for facility operations’
NodaFi secures $3.5M seed funding to transform facility management software, aiming to reclaim 1 billion work hours with AI-powered solutions in a rapidly growing $72B market.
UAE’s new ecommerce law empowers consumers to the hilt
New law clearly designates scope of what ecommerce platforms can offer, what they can't
This Supreme Court case could upend the US tax code and cost the government billions in revenue
A decision in favor of Charles and Kathleen Moore of Redmond, Washington, could strike down a provision of the 2017 tax bill that is expected to bring in $340 billion and threatens other provisions of the tax code.
Officials prefer keeping 90-day trial settings the same, not expanding like Government planning
But the ministry said it considered the three options "finely balanced".
Hungary publishes judicial reforms in attempt to get access to EU funds
BUDAPEST (Reuters) - Hungary published further judicial reforms in its official journal on Wednesday which are seen as crucial for Budapest being able to unlock access to frozen EU funds. The European
last updated on 20 Sep 01:58