Tag: small business magazines australia

Business group: Companies in China want ‘clarity’ after security rule changes, raids on consultants

By JOE McDONALD
AP Business Writer

BEIJING (AP) — A business group says foreign companies in China want “greater clarity” about changes in China’s cybersecurity and other rules and how the ruling Communist Party will enforce them after they were rattled by raids on consulting firms. The British Chamber of Commerce in China said companies are optimistic and want to invest but are waiting for steps to “restore the trust and certainty” amid geopolitical tensions and official plans to promote self-reliance. President Xi Jinping’s government says foreign companies are welcome and is trying to encourage them to invest more. But

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Berkshire Hathaway shareholder meeting takeaways: Warren Buffett’s remarks

Warren Buffett, chairman and CEO of Berkshire Hathaway, criticized the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis.

Yet he said the US banking system had become too complicated — and it was not surprising that the banks failed. He said he’d been selling bank stocks, first at the start of the pandemic and more recently over the past six months as banks increasingly face mismanagement and respond to bad incentives.

“The American public doesn’t understand their banking system — and some people in Congress don’t understand it anymore

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Does Canada really need a digital loonie?

The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar.

“We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point where we need help from Canadians, we need to understand what Canadians want.”

And yet the bank maintains there is neither a need nor a plan to launch a digital loonie.

So, why bother with the public consultations at all?

Rogers says more transactions are

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Canada must lead the way on expelling Russia from the UN

Canada has not been punched above its weight on the world stage since the Liberals came to power in 2015, but could vindicate itself by leading a movement to immediately expel Russia from the United Nations and its Security Council.

It’s unacceptable that Russia remains on the United Nations Security Council and keeps a veto that has basically deadlocked the body over the years and prevented it from taking action against the invasion of Ukraine.

Russia and four other countries — China, the United States, France and Britain — have permanent seats on the

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Whitmer meets with government, business leaders on a Europe trip

LANSING, Mich. (AP) — Michigan Gov. Gretchen Whitmer conducted her second international trade mission of the year this week, spending…

LANSING, Mich. (AP) — Michigan Gov. Gretchen Whitmer conducted her second international trade mission of the year this week, spending two days in Austria and Latvia meeting with both business and government leaders.

Whitmer, who spoke with The Associated Press upon returning to Michigan on Friday, said international trips are “an important part of the job,” as the state looks to grow relationships and “secure additional economic opportunities for our state.”

In Latvia, the second-term Democratic governor and close ally

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Remarriage and Estate Planning – Rickard & Associates

If you are getting remarried, it is essential to understand your spouse’s inheritance rights.

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Before you get married for a second or third time, you want to be aware of the rights your spouse will have to your estate and vice versa.

You may want to work with an attorney to draft a prenuptial agreement, prior to exchanging vows.

Then, you want to be familiar with the intestacy laws in

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HSBC expects later close of Canadian division sale to RBC – Business News

HSBC sale delayed

The Canadian Press – | Stories: 424569

HSBC Holdings plc says the sale of its Canadian division to Royal Bank of Canada is going to take longer than first expected, but that the deal remains a key priority.

London-based HSBC says it now expects to complete the $13.5-billion transaction in the first quarter of 2024, rather than late this year as it guided when it announced the deal last November.

The bank says the later close is to ensure a smooth transition, while several other recent bank

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Food storage brand Tupperware warns it could go out of business

Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.

In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”

That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.

“If such demand for repayment was to occur, the

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