Market Watch

With inflation at 21% and the pound in free fall, Egypt has been shut out of international financial markets and forced to seek an IMF bailout. But rather than cutting food and fuel subsidies, the government should use this crisis to root out cronyism and reduce the military’s outsize role in the economy. WASHINGTON, DC – Egypt is on the brink of a financial and economic abyss. The portfolio inflows that fueled its sovereign debt market have dried up , repeated currency devaluations have driven the Egyptian pound off a cliff , and inflation is at 21% , following the rapid erosion of the country’s foreign-exchange reserves. After initially recovering from the COVID-19 pandemic, the Egyptian economy has been hit hard by the fallout from the war in Ukraine. As the world’s biggest wheat importer , the country has suffered from supply disruptions and soaring prices, with food and beverage costs increasing by 37.2% over the past year. While the impact of rising oil import costs on Egypt’s external balance has been mitigated by fast-growing exports of natural gas , the surge in energy and food prices has taken a heavy toll on Egypt’s population. Rising wheat prices, together […]

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The Big Picture Crowdsource Innovation Used cars are often exported to lower income countries after 10-15 years in developed markets, meaning their emission levels tend to be higher. Air quality degradation is driven by old cars in Africa, home to 40% of global used vehicles, and 80% of these do not meet basic emissions standards. As we transition to electric vehicles, public-private collaboration is key to ensure this happens equitably in both the Global North and Global South. In areas where government budgets for public transport infrastructure and operations are limited, the ability to move people and goods depends on the availability of affordable vehicles. Motorized transport is thus a lifeline, providing access to health services, to education and work, and to new opportunities. While individual mobility is mostly covered with two- and three wheelers in large parts of low- and medium-income countries (LMICs), cars and vans, especially as taxis and other communal modes of transport, help offer mobility – and with it, social mobility. High-quality used cars imported into LMICs could be (and already are) therefore an opportunity for such countries. However, the costs are becoming ever more visible: carbon emissions and air pollutants are on the increase, […]

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ATLANTA, Jan. 18, 2023 (GLOBE NEWSWIRE) — UPS (NYSE: UPS) this morning released its inaugural U.S. Jobs and Opportunity Report. The report debuts shortly after UPS welcomed 100,000 seasonal employees in roles that become stepping stones to professionally and personally fulfilling career and economic opportunities. The compensation and benefits offered to UPS employees are inextricably linked to the value and trust consistently seen in the UPS-customer relationship. In fact, UPSers delivered a 97.5% on-time delivery rate in the U.S. this past holiday season. “Our business is built around our superior on-time performance, our ability to deliver innovative, market-leading solutions and our purpose-driven UPSers who deliver what matters every day,” said Carol Tomé, Chief Executive Officer, UPS. “Whether they want a part-time role with tuition reimbursement, extra money to fuel entrepreneurial passions or a long-term career, UPS jobs change lives and families for the better. UPSers want a company where they are valued and offered opportunities to grow. We deliver that and more in the U.S. and around the world.” Highlights from the inaugural UPS Jobs and Opportunity Report include: Industry-leading Wages and Benefits. UPS offers industry-leading compensation packages for full-time package delivery drivers, who average $95,000 a year in […]

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Source: Shutterstock Key Insights Paymentus Holdings’ estimated fair value is US$15.3 based on 2 Stage Free Cash Flow to Equity Current share price of US$8.6 suggests Paymentus Holdings is 44% undervalued In this article we are going to estimate the intrinsic value of Paymentus Holdings, Inc. ( NYSE:PAY ) by taking the expected future cash flows and discounting them to their present value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Models like these may appear beyond the comprehension of a lay person, but they’re fairly easy to follow. Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . The Method 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 […]

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Chalk one up for the educated workforce. EAD Engineering , the Omaha, Nebraska-based firm that chose New Jersey when it announced its expansion last fall, said New Jersey does more than just provide a Northeast footprint — it allows the firm to expand its talent level. So said Ryan Sheehy, the business development manager of the office. “Our location in this state provides an opportunity to attract the best and brightest talent in the industry, which enables us to service our clients at the highest level,” he said. The global engineering consulting and project management company — which also has offices in Cary, North Carolina, and Memphis, Tennessee — picked New Jersey after it conducted extensive research, which included evaluating several other cities within the U.S. prior to selecting Parsippany as the site of its new office. Sally White, the managing director of EAD’s northeastern U.S. regional business, said the firm weighted the selection for its investment with a focus on what the prospective cities offered in terms of opportunity to scale, local talent, proximity to educational institutions, opportunity for future client investments and quality of life for EAD employees. EAD concluded that New Jersey was able to meet […]

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welcomeinside/iStock via Getty Images Investment thesis After qualifying Alphabet (NASDAQ: GOOG ) (NASDAQ: GOOGL ) as a long-term investment opportunity based on my in-depth fundamental analysis , I want to discuss the stock from a technical perspective. The stock has lost 45% since the beginning of its decline and is priced under its most important moving averages, facing significant overhead resistance, while the stock is still not building relative strength, despite the relevant industry group giving more positive signs. In this article, I explain an actionable trading opportunity in the short-to-medium term. I discuss two positive and one negative scenarios based on a contingency plan with multiple outcomes, while I always examine the downside risk, by considering appropriate stop-loss levels and actively managing the risk exposure. A quick look at the big picture The US technology sector and the communication services sector are among the laggards in the past year. Despite companies in the communication services sector performing slightly better in the past month, technology companies are still struggling to recover from the recent sell-off. Companies offering information technology services, or active in the internet content and information industry, have performed flat in the past month, while companies in […]

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Network and meet new people at SwedCham’s YP Afterworks. Image: Avisen Swedish Chamber of Commerce in Singapore (SwedCham) and its Young Professionals Network will gather for drinks at the first Afterwork of 2023, tomorrow on 19 January at Bar.Celona. The Chamber states the Young Professionals Afterworks is a fantastic opportunity to meet Swedish people and grow your network. Additional information: https://swedchamsg.glueup.com/event/yp-afterwork-bar-celona-69499/?fbclid=IwAR0Luln_HPRSIAq3cBYN85coYqNdQBGAd3UtrLsNAU_ZDlg6cbo1wA6foV8 Source: https://www.facebook.com/swedchamsingapore/

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Subject: Focusing on our short- and long-term opportunity We’re living through times of significant change, and as I meet with customers and partners, a few things are clear. First, as we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less. We’re also seeing organizations in every industry and geography exercise caution as some parts of the world are in a recession and other parts are anticipating one. At the same time, the next major wave of computing is being born with advances in AI, as we’re turning the world’s most advanced models into a new computing platform. This is the context in which we as a company must strive to deliver results on an ongoing basis, while investing in our long-term opportunity. I’m confident that Microsoft will emerge from this stronger and more competitive, but it requires us to take actions grounded in three priorities. First, we will align our cost structure with our revenue and where we see customer demand. Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3. This […]

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Global payments trends in 2023 are set to be shaped by the significant macroeconomic challenges … [+] getty These are challenging times for the global economy, and for global payments this is manifesting as significant change in many aspects of the industry. The convergence of upended supply chains, an economic and stock market downturn and the aftermath of Covid-19 is causing many companies, across a wide variety of industries, to change how they are working – including how they engage with global payments. Global payments will change in 2023, and while for some this is likely to be a tough year, it represents a significant opportunity. With this in mind, here’s some of the biggest factors shaping global payments this year – and how they play into ongoing shifts in the industry. Changing global trade, shifting supply chains and B2B payments consolidation The macroeconomic conditions of 2022, and in particular Russia’s invasion of Ukraine, have transformed global supply chains and therefore significantly impacted the shape of global trade, with further changes expected in 2023. Although complete trade data is not yet available for all of 2022, early signs indicate that change is afoot. OECD data for the G20 showed […]

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The LSU medical center in New Orleans is one of MAPP’s signature projects. With 27 years of construction experience under his belt, Corbett Nichter was recently named executive vice president at Baton Rouge, Louisiana-based MAPP. The general contractor has projects across the country and specializes in retail, office, warehouse and hospitality work among other commercial sectors. Corbett Nichter In his role as EVP, which he started in April 2022, Grapevine, Texas-based Nichter aims to expand the company’s footprint and deepen key relationships. Here, Nichter talks with Construction Dive about growth in the Sun Belt, 2023 headwinds and past work he’s proud of. This interview has been edited for brevity and clarity. CONSTRUCTION DIVE: What’s unique about the Texas market and why are you bullish right now? CORBETT NICHTER: MAPP has had a presence in Texas for decades. Our continued success in Texas has driven significant investment in life sciences and advanced technologies, an additional floor in our offices in Uptown Dallas as well as recruiting some of the best business leaders in the region. The Texas market is significant and diverse. In 2022 we had the ninth largest gross domestic product in the world and a 10.1% increase in […]

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