Market Watch

Jyoti Lalchandani Digital transformation investments in the Middle East, Türkiye, and Africa (META) are set to more than double across the 2021–2026 period, according to the latest forecast from International Data Corporation (IDC). The global technology research, consulting, and events firm said that digital transformation spending in the region will accelerate at a compound yearly growth rate (CAGR) of 16 per cent over the five years, topping $74 billion in 2026 and accounting for 43.2 per cent of all ICT investments made that year. IDC’s Group Vice President and Regional Managing Director, META, Jyoti Lalchandani, said: “For many organisations, the digital and tech investments they made during the pandemic to build resilience could be put to test in 2023 across key business dimensions such as customer experience, operations, and financial management, among others. The implementation of further digitalisation in critical areas and a more rapid shift to a ‘digital business’ approach will be key to separating the thrivers from the survivors. “No matter what the economy throws at us over the coming 12 months, organisations must not lose sight of their digital aspirations. The focus should be on enabling clear and measurable outcomes, and digital spending needs to transition […]

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Statement by Ambassador James Kariuki at the Security Council Open Debate on Peacebuilding and Sustaining Peace Location: Delivered on: Thank you, President. I am grateful to the Deputy Secretary-General, Peacebuilding Commission Chair, and Ms Ndiaye for their briefings. As we all know, the cost of conflict is unsustainable – both in terms of human suffering, and the resources available for peacekeeping and humanitarian aid. The ‘New Agenda for Peace’ is an opportunity to put prevention front and centre, to save lives and greater costs down the line. President, we understand that the concept of conflict prevention can raise sensitivities. But nationally-owned peacebuilding processes can bolster sovereignty and strengthen state resilience. This is at the heart of the Sustaining Peace framework articulated by the General Assembly in 2016 – which emphasises working with countries to meet their needs, shared responsibility and a whole-of-system approach. Fragilities are universal, and sustaining peace requires constant work in all countries. Working together, the UK sees potential for greater impact in three key areas. Firstly, we should support efforts to strengthen UN foresight capabilities to anticipate risks, and inform responses. We can better leverage data and technology to understand conflict risks, including in places where […]

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Editor’s note: To commemorate Black History Month, the Business Journal is celebrating 200 Black leaders in the Twin Cities region. Editors of the Business Journal, helped by a team of well-connected community and business leaders, have chosen these individuals across business, government, advocacy, community work and other sectors who our readers need to know. We are revealing their names, along with information about these leaders, in a special print and online series published throughout the coming weeks. This is one of our 200 Black leaders. Warren McLean is president of the Northside Economic Opportunity Network, which has been building wealth for low- to moderate-income grassroots entrepreneurs since 2006. McLean has also been building the organization, more than doubling its office space on West Broadway in North Minneapolis by purchasing in 2022 its building and the building next door to provide more room for NEON to invite businesses and organizations to use the space for meetings and events. What he says about … Board memberships: Metropolitan Consortium of Community Developers, NEON Volunteer work: Catalyst, Destination Northside Coalition, Black Business Support Co-hort, various committees at my church Favorite Black-owned restaurant: This may not qualify as a restaurant, but Sammy’s is my […]

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Kym Gold, co-founder of True Religion Jeans and Founder & Creative Director of Style Union Home Style Union Home It is well known that actress Ginger Rogers had to dance backwards and in heels yet look just as graceful as her dance partner Fred Astaire. The same has been true for women in business, although things are beginning to change. There has recently been a genuine effort by the business community to support women. This does not mean giving women a handout or a jump start but giving them the ability to have the same starting position as men. Boston Consulting Group found that if women and men participated equally as entrepreneurs it would boost our global GDP by $2.5 trillion to 5 trillion dollars. It is to all of our benefits to uplift women to equal standing with men. To make changes we first need to know what needs changing in order to take action to innovate business structures and practices. Below is context, insights, and tips for all genders that will help push the needle forward to establish an equal playing field. Obtaining Funding Funding is a barrier and an opportunity. Without it, it is difficult to […]

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The Morris/Sussex Vicinage will host a virtual job fair for probation clients and recovery court participants Jan. 31 at 10 a.m., the New Jersey Superior Court announced. During the program, representatives from Amazon, Dunkin, the New Jersey Department of Labor and Workforce Development, Sussex County Community College, Atlantic Health System and the United States Army will discuss employment and/or educational opportunities in the area. For the event, which is part of the Judiciary Opportunities for Building Success (JOBS) Program , the court has partnered with local employers and social services agencies to connect clients and participants with open positions and employment resources. Probation Division Manager Michael Lasko said, “This is a great opportunity to link clients to a variety of career paths offered by employers in our area. We have a strong partnership with our local one-stop career centers, which offer services to improve the lives of our clients while simultaneously enhancing an employer’s ability to meet the demands of a competitive job market. A client’s success depends on a collaborative relationship and support from our community partners. The JOBS initiative improves their potential to achieve positive behavioral change.” For more information about the JOBS Program or how a […]

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In case you haven’t been paying attention, it’s election season in Aspen. The usual suspects — exiting office holders, incumbents and new faces — are all out and about touting past achievements and making lots of grand promises which, if you give them a seat at the table, they’ll use to impact your lives and livelihood in ways unimagined by those who preceded them. In some cases, we’ve already seen what they’re capable of — and in the case of Mayor Torre and City Councilmembers Rachel Richards and Skippy Mesirow, the results are generally unspectacular, despite the fact the first two have made their lengthy political careers the primary source of their identities and sustenance and the third one appears headed in the same direction. A high-altitude overview of their years in office shows a lot of political rhetoric and lots of votes on issues they claimed would make the city a better place in which to live and work. But from the reviews of their respective tenures, all the problems we had before they arrived to save us are the same problems still plaguing us, but in most cases much worse than before they were sworn in. Traffic […]

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Source: Shutterstock Does the January share price for Hello Group Inc. ( NASDAQ:MOMO ) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by taking the forecast future cash flows of the company and discounting them back to today’s value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you. What’s The Estimated Valuation? We’re using the 2-stage growth model, which simply means we take in account two stages of company’s growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from […]

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A host of opportunities ranging from new jobs, combating climate change and introducing more affordable housing are among key priorities for a council that will launch in the spring to cover the whole of North Yorkshire. Counting down to the new council With just nine weeks until the launch of the new North Yorkshire Council on 1 April, staff across all eight councils that will merge to create the new authority are working hard to make sure that the best services are provided and all the services you use continue as normal. This means you will see minimal change – for example, your bins will be collected, you will be able to access your library, visit your leisure centre and contact your local planning department. The people who provide the services you value will continue to do so. And from 1 April, contacting your council will be simpler. There will be a single website and one phone number to call. There will be a main office in each area, where you can talk to locally-based staff, and a network of local access points is to be established in towns and villages. Keep up to date here in NY Now […]

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A financial trust has been opened in Argentina to support sustainable investment in two nuclear energy projects. Investments made in the new Solidarity Financial Trust of Public Infrastructure NA-SA IV will go to enable the licence extension for Atucha I as well as the construction of a dry storage facility for used fuel. The Atucha plant site (Image: Nucleoelectrica Argentina) The trust was opened on 24 January by Atucha’s owner, Nucleoelectrica Argentina SA (NA-SA), with Nación Bursátil as well as Banco de la Provincia de Buenos Ares and Macro Securities. The financial firms will make placements for retail investors to invest Argentine pesos from a minimum of USD100 equivalent and receive a return of 2% per year. NA-SA told World Nuclear News that the trust was set up for a total amount of USD600 million across six tenders. This would cover both the projects, which are estimated at USD463 million for the licence extension of Atucha II and USD137 million for the dry storage facility. NA-SA said that the first tender of USD30 million was successfully raised in the first round. The money will be held separately from NA-SA’s finances, hence the term trust. The returns are backed by […]

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EQUAL OPPORTUNITY MUST BE BASED ON QUALIFICATION, Not sexual orientation There are groups of people on this planet whose lifestyle and ideology differs from that of ‘mainstream’ society, including morals, values and ethics, which all go hand in hand. A person with good ethics is invariably morally upright, … well, in most cases. In almost all instances, persons with good values get their guidance from the Bible and similar literature. The Good Book will be the reference for this article. You are the manager of an IT firm hiring new talent for the R&D department with ads being posted. Among the applications there is an applicant who describes his/her sex as ‘neutral’, but whose qualifications and experience exceeds all other applicants. This is the first time that a ‘neutral’ gender person is seeking to join your work team. What would you do ? Faced with this situation it would be best to bring all applicants together and give them a simple project to see how they would work as a team and during the process observe how they accomplish the task. That activity would determine those with leadership qualities and other useful traits, allowing management to attract the best […]

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