Multinational Financial System – Lost Worlds Sat, 15 Jan 2022 23:06:46 +0000 en-US hourly 1 Multinational Financial System – Lost Worlds 32 32 Santander partners with DocuSign Agreement Cloud for better customer engagement Sat, 15 Jan 2022 17:30:23 +0000

by Analytics Insight
January 15, 2022

The partnership with DocuSign has helped Santander transform its two barriers into rapid digital processes.


DocuSign is known as the most trusted and internationally recognized service for electronic signatures and approvals. The platform is easy to use, learn, implement, and the agreements are convenient for everyone. Santander is a Spanish multinational financial services company offering current accounts, mortgages, savings accounts, credit cards and many other services to meet the financial needs of customers. But Santander couldn’t overcome the hurdles it faced: digitizing inefficient, manual processes to improve customer engagement and experience. Business customers faced two biggest challenges: the onboarding process and the time to receive cash. It took a long time for new customers to open an account and access the funds. These new customers had to complete one of 39 editable PDF onboarding forms before printing, signing and returning them to a local branch. This whole process took 12-25 days. Thus, there are two major issues for the business like reduction in customer engagement and time for loan contracts.


Santander decided to partner with DocuSign Agreement Cloud because of its user-friendly processes as well as its strong integration with Salesforce. DocuSign accepted the partnership to improve customer engagement by speeding up the onboarding process. The company began taking initiatives to embrace digital transformation by replacing 39 PDFs with an online form for customers. After submitting the form, the process would begin – a succession of back-office processes to approve the application by checking for financial crime or anti-fraud cases and parallel processing would help complete all onboarding steps. Thus, a client can open an account efficiently in two days instead of a month. DocuSign CLM contributed to a new credit system and pricing in nCino before seamlessly transitioning to DocuSign CLM. This was useful for effective negotiation between Santander and the candidates. Documents would be automatically triggered by nCino for document preparation and DocuSign eSignature upon mutual agreement.


Partnering with DocuSign has helped Santander transform both of these barriers into fast digital processes. There was a 97% reduction in the number of forms used for several services, an 83% reduction in the time it takes for new customers to open an account. Digital transformation with DocuSign CLM has also enabled Santander to deliver a seamless customer experience and improve customer engagement. The smart process allowed multiple people to collaborate and sign the same document simultaneously. Customers open their new accounts in just two days instead of 25 days. Now, employees can focus on meeting customers’ financial needs instead of mundane and rigorous paperwork.

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BESIX Watpac – CCH Integrator Case Study Wed, 12 Jan 2022 10:26:09 +0000

“We definitely need a tax platform that can help us better meet our parent company’s reporting deadlines faster than we traditionally deliver. Standardizing the reports will also help us understand where the source data is coming from. Transforming the review process and saving time across the entire calculation, reporting and compliance system is our ultimate goal. “

Tax technological innovation for systems and controls

BESIX Watpac is the result of the merger of two large companies – the global BESIX group headquartered in Belgium and one of Australia’s most prominent construction companies, Watpac. Today, BESIX Watpac is redefining construction with its vast international experience, expertise and financial strength to deliver complex large-scale infrastructure projects.


Simplify standardized tax reporting for better results

BESIX Watpac’s tax function supports international tax compliance and reporting requirements for 15 different local entities in Australia and New Zealand. Historically, the tax and finance team handled tax calculations and reports with electronic spreadsheets. Now, however, with a continued focus on governance – and inevitably an increase in global reporting requirements – BESIX Watpac realized that it would benefit from a specialized data management platform for tax calculations, the reporting and compliance.

BESIX Watpac relied on several spreadsheets for tax compliance and reporting. These spreadsheets did not always provide transparency of the underlying numbers due to linking errors, making it difficult to verify and understand their origin. As BESIX Watpac moved to quarterly tax allowance calculations, it was inevitable that the discussion of potential error rates, manual entry issues, and workloads became more critical.

The company conducted a tax technology market assessment, building on its vision of finding a platform to better meet its growing tax filing needs and accelerated timelines. This tax technology is also expected to support tax risk management to meet the requirements of tax insurance reviews and the ATO’s Justified Trust initiative.

BESIX Watpac also wanted to ensure that its tax calculations would automatically carry over from one year to the next.


Create a roadmap for flexible reporting and valuable insights

BESIX Watpac has completed a review of competitive market offerings to help it realize its vision of best practice tax governance.

“There was already support for CCH Integrator internally and an appreciation of how it could improve our governance and processes. Another key factor in CCH Integrator’s favor was its ability to keep up with increasing calculations and reporting requirements, ”said Genna.

Today, BESIX Watpac trusts CCH Integrator to support its long-term commitment to quality tax compliance and reporting. As a multi-jurisdictional tax technology platform, CCH Integrator provides the necessary data to the relevant tax authorities in Australia and New Zealand.

“CCH Integrator was the perfect choice for BESIX Watpac with its proven track record,” says Genna. “It delivers the right amount of confidence and everyone realizes it ‘works’ for our business. “

Key Benefits:

Flexible and fast tax platform

Improved accuracy and review processes

Multi-jurisdictional compliance and reporting

From one person to multinational teams, CCH Integrator streamlines the complexity of tax compliance and reporting across multiple entities and jurisdictions, increasing control, reducing risk, and freeing up your tax function to focus on larger things.


CCH Integrator Halves Computing Time and Expands Reporting Capabilities

BESIX Watpac now benefits from the rapid reporting capabilities that CCH Integrator can offer. It achieved substantial savings over its quarterly tax calculation schedule and provided reports up to a sole proprietorship which would have taken significantly longer with previous spreadsheet templates. For Genna, reporting at various levels outside the consolidated group was quite “unexpected and a huge advantage to do it with just a click”.

Additionally, when the business needs to do live calculations in CCH Integrator, the review process ensures that it captures any potential errors from any source spreadsheet.

“With insurance reviews underway for the Justified Trust initiative, which ensures Australian businesses pay the right amount of tax, it is more important than ever to understand the results and processes, data controls and capabilities of tax technology. By expanding our review and reporting capabilities, we continue to raise the bar in tax governance and compliance, ”said Genna.

BESIX Watpac anticipates that CCH Integrator’s country-by-country capabilities will also prove invaluable.

“As part of our gradual rollout, we are implementing CCH Integrator and integrating it into the team. Once we have our first full reporting exercise under our belt, we will consider adding additional functionality, such as automated country-by-country reporting, ”she said.

Another highlight of the new tax technology system was the implementation of CCH Integrator.

“I already knew and had experience with CCH Integrator from my previous position. I was again impressed with the level of service and training from the Wolters Kluwer team. For anyone still struggling with spreadsheets, you can fully automate accrual calculations and benefit from specialized tax technology, ”said Genna.

Reviva Pharmaceuticals Holdings, Inc. Receives Letter from FDA for Pivotal Phase 3 Clinical Trial and Long-Term Safety Trial Evaluating Brilaroxazine for the Treatment of Schizophrenia Mon, 10 Jan 2022 11:02:14 +0000

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– Brilaroxazine is a new modulator of serotonin and dopamine receptors under development for diseases with dysfunctional serotonergic signaling, including neuropsychiatric and pulmonary indications –

The launch of the two phase 3 trials is expected by the end of January 2022 –

CUPERTINO, Calif., Jan. 10, 2022 (GLOBE NEWSWIRE) – Reviva Pharmaceuticals Holdings, Inc. (NASDAQ: RVPH), a clinical-stage pharmaceutical company developing therapies to address unmet medical needs in areas of the central nervous system (CNS), cardiovascular, metabolic and inflammatory diseases, today announced that the United States Food and Drug Administration (FDA) has informed the Company that it may conduct a Phase 3 clinical study of its lead candidate, brilaroxazine, a new modulator of serotonin and dopamine receptors for the treatment of schizophrenia.

“We believe the FDA clearance to initiate a pivotal Phase 3 trial, along with an additional Phase 3 trial focused on long-term safety, represents a transformative step that can support the filing and approval of a new drug application for our lead candidate brilaroxazine in patients with schizophrenia. The two Phase 3 trials will be launched simultaneously, with the long-term safety study designed to complement the efficacy and safety data from the pivotal trial, ”said Laxminarayan Bhat, Ph.D., founder , President and CEO of Reviva. “Collectively, these two trials may provide a robust Phase 3 evaluation of brilaroxazine in patients with schizophrenia that we believe will complement our successful Phase 2 study. We remain strongly encouraged by the therapeutic potential of brilaroxazine and look forward to launching the two Phase 3 trials by the end of January 2022. “

Schizophrenia is a complex and debilitating neuropsychiatric disorder that affects approximately 1% of the world’s population and approximately 3.5 million people in the United States alone. Characterized by multiple symptoms, patients with schizophrenia often suffer from cognitive impairment, delusions, hallucinations, and disorganized speech or behavior. Despite its high prevalence, there are no therapies that adequately address the complex mix of positive and negative symptoms, mood, and cognitive impairment associated with schizophrenia. Limitations of current treatments include suboptimal efficacy, poor tolerability, and low patient adherence rates.

About brilaroxazine (RP5063)Brilaroxazine (RP5063) is a new chemical entity with potent affinity and selectivity against the major serotonin and dopamine receptors involved in schizophrenia and its co-morbid symptoms. In a multinational, multicenter, double-blind, Phase 2 study of 234 patients with acute schizophrenia or schizoaffective disorder, brilaroxazine met its primary endpoint, reducing the total score on the scale. positive and negative syndrome (PANSS) and demonstrating statistically significant improvements in secondary endpoints assessing social functioning, and positive and negative symptoms. A comprehensive battery of regulatory toxicological and pharmacological safety studies has been performed for brilaroxazine. In this completed Phase 2 study, brilaroxazine met all criteria for safety with no weight gain, no increase in blood sugar and lipids, and no cardiac or endocrine adverse reactions compared to placebo. The United States Food and Drug Administration (FDA) has agreed to consider a possible “superior safety” claim if there is a positive result on a relevant endpoint in a pivotal Phase 3 study in patients with schizophrenia. Additionally, the Company believes that brilaroxazine has the potential to delay disease progression in PAH and IPF. Brilaroxazine has previously received orphan drug designation by the US FDA for the treatment of these conditions. To learn more about the clinical and preclinical data available for brilaroxazine, please visit

About RevivaReviva is a clinical-stage biopharmaceutical company that discovers, develops and seeks to commercialize next-generation therapies for diseases presenting unmet medical needs and burdens on society, patients and their families. Reviva’s current pipeline focuses on the central nervous system, respiratory and metabolic diseases. Reviva’s pipeline currently includes two drug candidates, RP5063 (brilaroxazine) and RP1208. Both are new chemical entities discovered internally. Reviva has obtained composition of matter patents for RP5063 and RP1208 in the United States (United States), Europe and several other countries.

Forward-looking statementsThis press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act, as amended, including those relating to the product development of the Company. , clinical and regulatory times and expenses, market opportunities, ability to raise sufficient funds, competitive position, possible or expected future operating results, business strategies, potential growth opportunities and other statements predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections regarding the industry and markets in which we operate and on the current beliefs and assumptions of management.

These statements can be identified by the use of forward-looking phrases, including, but not limited to, “expect”, “anticipate”, “intend”, “plan“, “believe” , “Estimate”, “,” “project”, “should”, “would” and similar expressions and negatives of these terms. These statements relate to future events or to our financial performance and involve known and unknown risks , uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the future. documents filed by the Company with the Securities and Exchange Commission.Potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company assumes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Corporate contact:Reviva Pharmaceuticals Holdings, Inc.Laxminarayan Bhat, PhD

Investor Relations Contact:LifeSci Advisors, LLCBruce

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Source: Reviva Pharmaceuticals

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3 must-see healthcare stocks for 2022 Sat, 08 Jan 2022 08:00:00 +0000

There is a long list of reasons to consider healthcare stocks, and not all of them are related to the coronavirus vaccine, as you might expect.

Contributor – MarketBeat

Why invest in health stocks? Easy.

According to the Commonwealth Fund, the United States spends more on health care as a percentage of the economy than any other country – almost twice the average for OECD countries. Americans use expensive technologies like MRIs and specialized procedures (like hip replacements) more than other countries. The Commonwealth Fund also says the United States has one of the highest breast cancer screening rates among women aged 50 to 69 and the second-highest flu vaccination rate among those aged 65. and more.

When you begin to analyze healthcare stocks, some common themes emerge: strong balance sheets and liquidity for M&A, not to mention dividends to line your pockets. Leading the way for a natural nod to healthcare stocks includes an aging global population, high demand for elective procedures, sales of drugs, medical equipment and diagnostic tests.

Sure, big tech and cryptocurrency might grab your attention, but why not invest in healthcare in 2022?

3 healthcare stocks to add to your portfolio in 2022

Healthcare stocks can add a robustness to your portfolio unlike any other industry you can invest in. Take advantage of the unique opportunities that healthcare can bring to a well-balanced portfolio. Take a look at our three healthcare choices to add to your portfolio in 2022.

Eli Lilly and Company (NYSE: LLY)

Eli Lilly and Company (NYSE: LLY), headquartered in Indianapolis, Indiana operates on an impressive scale – the company has a massive operation, with over 34,000 employees worldwide, approximately 8,000 employees engaged in research and development, clinical research in 55 countries, research and development (R&D) facilities and manufacturing plants located in seven countries and products marketed in 120 countries.

Its familiar and wide range of treatable conditions and common medications include the following:

  • Cardiovascular treatment: ADCIRCA
  • Treatment of neurodegeneration: AMYViD
  • COVID-19 treatment: bamlanivimab and etesevimab, baricitinib
  • Treatment of diabetes: BAQSIMI, BASAGLAR, Glucagon Glyxambi, Humalog, Humulin, Insulin Lispro, Jardiance, Jentadueto, Lyumjev, Synjardy, Tradjenta, Trijardy, Trulicity
  • Cancer: CYRAMZA, ERBITUX, ALIMTA, Gemzar, Portrazza, Retevmo, Verzenio Cancer
  • Treatment of bones, muscles, joints: FORTEO
  • Endocrine treatment: Humatrope
  • Immunology: Olumiant, Taltz
  • Neurological treatment: Zyprexa Relprevv

Lilly and Company’s revenue reached $ 6.773 billion, up from $ 5.74 billion in the third quarter of 2021. Revenue increased 11% in the third quarter and since the start of 2021 Products contributed to this growth including Trulicity, Taltz, Verzenio and Emgality. .

In more interesting announcements, Lilly submitted tirzepatide in type 2 diabetes and an ongoing submission for donanemab to the FDA for fast-track approval in early Alzheimer’s disease.

It also received US approvals for new indications for Verzenio and Jardiance, submission of Jardiance in the US and Europe for heart failure with preserved ejection fraction (HFpEF) and positive phase 3 results for the lebrikizumab in atopic dermatitis.

UnitedHealth Group Inc. (NYSE: UNH)

UnitedHealth Group Inc. (NYSE: UNH), a healthcare company, has four segments under two business platforms, healthcare benefits and healthcare services. The four segments include UnitedHealthcare, OptumHealth, OptumInsight and OptumRx.

  • UnitedHealthcare: Provides healthcare through the following businesses: UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global.
  • Opts: Serves payers, healthcare providers, employers, governments, life science companies and consumers through OptumHealth (healthcare delivery, management, wellness and more), OptumInsight (data, analytics, research, etc. .) and OptumRx (Pharmaceutical Care Services).

UnitedHealth’s revenue grew 11% last year, and revenue growth resulted in a 20% increase in operating income and strong cash flow. UNH stock has outperformed the general market by 90% compared to the 68% rise of the S&P 500 since 2017. Its generation of bonuses, fees for medical and consulting services and the sale of medical products and services are opening the door to the market. leading to an upward investment option in 2022.

Centene Corp. (NYSE: CNC)

In our survey of low-cost healthcare stocks about to climb, Centene Corporation (NYSE: CNC), headquartered in St. Louis, Missouri, caught our attention. At the time of this writing, the Centene share price was $ 76.78.

A multinational health care company that provides programs and services to underinsured and uninsured people in the United States, Centene provides health plan coverage to individuals through government-subsidized programs and through the intermediary of its primary and specialist care physicians, its hospitals and its auxiliary providers. Its health service plans include the following (large) table:

  • Primary and specialized medical care
  • Inpatient and outpatient care
  • Emergency and urgent care
  • Prenatal care
  • Laboratory and X-rays
  • Primary home care
  • Vision and dental care
  • Telehealth
  • Vaccinations
  • Therapy and social work
  • Care coordination services

The company also provides over-the-counter medications, medical equipment, and behavioral / abuse health services. It also offers a nursing counseling line and after-hours support services and services to those eligible for the military health care system.

The financial health and growth prospects of Centene Corp. demonstrate its potential to outperform the market, including a 2022 revenue outlook that has exceeded expectations. The company is evaluating strategic alternatives for its international business and forecasts revenue of $ 135.9 billion to $ 137.9 billion in 2022. The stock has climbed more than 25% as healthcare ETFs are lagging behind. It reported total revenue of $ 32.4 billion for the third quarter of 2021, up 11% from the third quarter of 2020. The company also reported diluted EPS of $ 0.99 for the third quarter 2021, compared to $ 0.97 for the third quarter of 2020..

Dive Into Healthcare For Extra Benefits

While healthcare stocks don’t dominate the market like big tech and cryptocurrencies, big healthcare companies continue to strive to preserve the basics – the quality of life for all human beings. After all, we can’t live without vaccines, cancer drugs, mental health drugs, and cardiovascular progress. If you think of healthcare stocks as an afterthought in your portfolio, think again. They can be a huge boon (all of these developing technologies) to your wallet in the New Year.

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Training well in India Thu, 06 Jan 2022 23:15:00 +0000

Even after seven decades, blind spots remain in policy making in relevant areas

The New Year is traditionally an opportunity to take stock of the past year and offer a vision for the next. This column will do that, but from a different angle, with the middle missing. India is a highly stratified society and economic inequalities have increased. There is naturally and rightly a lot of attention on the lower echelons of society and the economy. Key policy makers, naturally, too, are focused on making India great again (MIGA, to coax a new acronym). Lobbying for global champions of India’s economy – companies that will successfully compete with multinational giants – is one aspect of MIGA.

In my last two columns, I suggested that the biggest gains would come from supporting India’s success in the middle of the pack in the size distribution of companies. These companies have the potential to be successful global competitors and will likely provide more jobs and more balanced domestic competition than additional success for India’s handful of giant business houses. For this to happen, India needs to improve connections to global production networks, improve financing conditions and reduce some regulatory burdens. Each is a complex set of tasks, and will require careful attention and careful policy design.

A key ingredient in stimulating employment-friendly industrial growth is, of course, work itself. Labor regulations are only part of the problem. Lack of skilled labor is also a major constraint and can lead to the substitution of machines or more automated processes for workers. India’s education system mirrors its society – highly stratified. There are elite institutions, which fuel India’s elite jobs, and a struggling primary and secondary education system, which does not deliver basic education as it is supposed to, to those who are at the lower levels.

The middle is small, and it is also neglected. Here I am referring to what is commonly referred to as vocational education and training (VET). VET is supposed to help students enter the workforce when a standard high school diploma is not enough or a university degree is out of reach. Much of VET is destined for industry, but there are also many jobs in the service sector that are served by VET. Someone who understands auto mechanics may work as a service technician or diagnose manufacturing problems. Knowing about food technology could lead to working in a processing plant or a local business preparing meals for delivery. Etc.

The oldest part of the VET sector in India are the Industrial Training Institutes (ITIs). They started in 1950 as a state monopoly. Recently, the private sector has been allowed in (with a somewhat different nomenclature), and their numbers have grown rapidly. Over 15,000 institutes educate nearly 2 million Indians per year. But their equipment and the level of their teachers are often insufficient, and the employability of their graduates remains low (well below 50%). The ITIs welcome students with only a standard 8th grade training and aim to prepare them for the factory. The fact that India still does not have the right model, after seven decades, suggests a blind spot in policy development and implementation.

A more recent part of the VET sector in India are the Polytechnics (PT) and similar institutes. These require a standard 10th education and can even be a bridge to a college degree. PTs grant degrees and are comparable in some ways to community colleges in the US system. There are almost 4,000 PTs and they educate about 1.5 million students. They offer a mix of theoretical and practical training. For the factory, they provide supervisors rather than shop workers. Employers find their mix of theoretical and practical knowledge, and their willingness to be practical, a valuable part of what they need, as engineers with university degrees only want to be white collar workers.

Of course, considering how the statute works in India, PT graduates are often looking for college degrees and upward mobility. Here, an under-explored avenue, especially for female PT graduates, is entrepreneurship. Too often entrepreneurship is seen as something that can be taught generically, without a skill base. As a supplement for PT graduates, entrepreneurship training can help address issues of low productivity in small businesses and low female participation rates. Entrepreneurship has recently become a hot academic topic, but it may need to be rooted in specific tech and market trends.

Of course, India needs more big factories that will each employ thousands of workers. But it also needs small businesses that will be productive and grow, not to be giants, but to be successful in the long run. California has 30,000 manufacturing companies employing 1.3 million workers. But 64% of them have less than 25 employees. The Bay Area Council Economic Institute, a policy think tank for the northern California urban region and surrounding area, produced a report that assesses technology trends such as additive manufacturing (3D printing), industry opportunities such as as biomedical manufacturing and changing skills needs. and the adequacy of the existing training ecosystem. Scale isn’t always important, but the right skills are. Hands-on training is important in one of the world’s most advanced economies. There is a lesson for India here.

The author is professor of economics, University of California, Santa Cruz

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Review 40 items forex ban to save naira, economists at CBN say Mon, 27 Dec 2021 00:00:57 +0000

The Center for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the more than 40 items that the regulator has barred importers from accessing foreign currency for import them into the country.

Economists at the center also said there was a need for the CBN to revise its foreign exchange policy in 2022 with a view to improving dollar liquidity in order to save the ailing naira and help industries grow.

The group revealed it in its review of the economic and business environment for 2021 and its agenda for 2022, a copy of which was obtained by our correspondent on Sunday.

According to the CPPE, the CBN must involve stakeholders, as its current exchange rate policy regime negatively affects investors, manufacturers and other stakeholders.

The CPPE said: “In an effort to reduce the pressure on foreign exchange reserves, the CBN had excluded more than 40 items from foreign currency access in the official window.

“Some of the products on this list are intermediate products for certain manufacturing companies that have had a negative impact on certain manufacturers. It would be desirable for the CBN to have a strong engagement with stakeholders to review this list in the new year. ”

According to the organization, the CBN should adopt a flexible exchange rate policy regime and allow pricing mechanisms to reflect demand and supply fundamentals in the foreign exchange market.

He said, “Our proposal is that we should adopt a flexible exchange rate policy regime. We would like to point out that this is not a devaluation proposal.

“Rather, it is a pricing mechanism that reflects the fundamentals of demand and supply in the forex market. It is a sustainable, predictable and transparent model. It is a political regime that would reduce uncertainty and inspire investor confidence.

“It’s a political framework that would minimize discretion and arbitrage in the currency allocation mechanism. A flexible exchange rate regime is a policy choice adopted to cope with changing demand and supply conditions in the foreign exchange market.

According to the center, adopting a market rate would deepen the autonomous foreign exchange market by liberalizing inflows from export earnings, diaspora remittances, multinational corporations, donor agencies, diplomatic missions and others.

He added that a flexible exchange rate would improve liquidity in the foreign exchange market, increase investor confidence and ensure a more transparent model for foreign exchange allocation.

In addition, the CPPE said that the liquidity reserve requirements imposed on Nigerian banks by the CBN are one of the highest in the world, adding that it is a major obstacle to financial intermediation by the CBN. banks.

According to experts, some banks have a CRR of 50 percent and above against the official CRR of 27.5 percent.

He said: “Yet financial intermediation is supposed to be the main function and the essence of the banking system. The high CRR made it difficult for banks to play their primary role of financial intermediation. Their profitability is also negatively impacted due to limited leeway for credit creation activities.

“Indeed, the financial ways and means of the apex bank pose a greater liquidity risk to the economy than bank deposits. We are therefore seeking a reduction in the CRR so that banks are better placed to play their primary role of financial intermediation in the economy.

The CPPE also said that infrastructure challenges, growing insecurity, climate change, low productivity in agriculture, monetization of the budget deficit and the depreciation of the naira are fueling inflation in the country.

He said headline inflation was 16.47% in January and peaked at 18.17% in March, before falling back to 15.40% in November.

The organization said: “Headline inflation has increased month over month from January to date, albeit at a reduced rate.

“Meanwhile, food inflation has consistently been higher than headline and core inflation for most of the year. Inflationary pressure remains a major source of concern for both businesses and households as it remains high.

According to the organization, the implications of these include increased poverty, increased risk of malnutrition, increased social tensions and crime.

He added that the companies had to contend with low purchasing power, low sales and low profit margin, low capacity utilization, high production and operating costs and high risk of increased mortality of workers. companies.

The CPPE said that to fight inflation, the country needs to increase productivity to boost output growth, reduce the depreciation of the exchange rate of the naira and improve currency flows.

The CPPE added that the nation must “minimize the monetization of the budget deficit. The financing of the deficit by the CBN should be strictly limited to the statutory threshold defined in the law on the CBN.

“The government should look for creative ways to tackle insecurity in order to pave the way for farmers to return to their farms. Cost of the logistics of the address. Talk about the ease of clearing goods at the port. Respond to concerns related to climate change. Review our commercial policy to lower the cost of certain intermediate products for manufacturers.

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Choosing the Best Digital Marketing Company for Your Business in 2022 Fri, 24 Dec 2021 20:13:05 +0000 With millions of online business websites and millions more constantly creating, strategizing is essential to set yourself apart from the competition, and hiring a digital marketing company is one of the most important things to do. most effective ways to achieve this, especially for small and medium-sized businesses. without the resources to equip a full-fledged internal marketing department.

If you choose the right digital marketing company, you will have a full-service business that will handle all aspects of your marketing strategy and optimize your business for lead generation and conversion across all channels. The benefits of this include increased ROI, possible viral content, and measurable results from a personalized strategy. The flip side is that if you pick the wrong company it could make things worse for you by using blackhat tactics or simply out of incompetence.

Here are some crucial metrics for determining which digital marketing company would be the best partner for growing your business.

Related: Five tips to grow your audience for your digital business

Niche experience and range of services

Experience is a crucial factor, but a mistake a lot of people make is not focusing on the cited experience specific to their niches when researching a digital marketing company. While a business can have many years of experience building websites and managing advertising campaigns for e-commerce companies, if you run a law firm, it may be best to find a law firm. digital marketer experienced in managing projects that focus more on your particular services.

When you outsource your marketing to an agency, the range of services offered by the agency is a crucial point to consider. With so many other channels that you can use to reach customers and prospects, like SEO, digital marketing, email marketing, content, affiliate marketing, and influencer marketing, it is important to be able to engage in as many of these channels as possible. Ideally, the agency you work with will have the capacity in all the channels you want to use and more. As much as possible, you want to avoid having multiple agencies handling your marketing to avoid the risk of conflicting messages or strategies.

Reliability and pricing policies

No matter how good a company’s sales pitch is, you won’t gain much by hiring it if it proves unreliable when it comes to delivering your project and getting it done on time. . When checking a business’s trustworthiness, Google its name and see if previous customers have reviewed it on the Better Business Bureau or similar sites. Ask them for references and take the time to get in touch with those references for verification. Many agencies, like Lilo, list their past clients on their websites to make it easy for people to check their portfolios. Look for companies that are transparent about their work, allowing you to infer their strengths and weaknesses.

Receiving a quote is one thing, but making sure the quote is accurate and truly reflects what you will ultimately be billed is another. Many digital marketing agencies use hidden fees to accumulate expenses. Sometimes you may need to give the company some financial leeway to do the best it can, but ask as many questions as you need to make sure that you are working with a company that is straightforward and transparent about its business. billing policies so you don’t get blinded down the line. It’s important to keep in mind that lower prices don’t always mean better value for money. You need to evaluate offers holistically to make sure you get what you pay for.

Customer service

The ideal relationship between your business and a digital marketing agency will be a long-term relationship that spans many years as your business grows from a startup to a multinational gem. The quality of customer service in the agency you have chosen will be a determining element of this relationship. Will you be able to contact a representative when you need an urgent solution on one of your resources, and will you be able to quickly make changes to your campaigns to meet growing demands? A business that has a stellar and responsive customer service system is paramount.

Choosing a digital marketing agency is probably the most important decision you will make when it comes to your business’s marketing strategy. With the right agency partner, you can count on them to design and execute effective strategies that will increase the visibility of your products and services, as well as increase your results.

Related: Customer service is the new upsell

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The crane market will reach $ 45.80 billion by 2027; Thrust Thu, 23 Dec 2021 06:34:14 +0000

Pune, India, December 23, 2021 (GLOBE NEWSWIRE) – The world crane market the size should reach $ 45.80 billion by 2027, showing a CAGR of 4.1% between 2020 and 2027. The intensification of the construction industry and technological advancements will positively contribute to the growth of the market, says Fortune Business Insights in a report titled “Crane Market Size, Share and COVID Impact Analysis- 19, By Product Type (Mobile, Fixed, Marine), By End User Industry (Construction, Mining, Industry, Oil & Gas, Others) and Regional Forecast, 2020-2027. The market size was $ 33.84 billion in 2019.

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The main companies in the crane market are:

  • SANY GROUP (China)
  • Konecranes (Finland)
  • Manitowoc Company, Inc. (US)
  • Tadano Ltd (Japan)
  • Komatsu Ltd (Japan)
  • Terex Corporation (United States)
  • Liebherr Group (Germany)
  • Hitachi Construction Machinery Europe NV (The Netherlands)
  • Demag Cranes & Components GmbH (Germany)
  • Zoomlion Heavy Industry Science and Technology Co., Ltd (China)
  • XCMG Group (China)
  • Caterpillar (United States)
  • GORBEL INC. (United States)
  • Street Crane Company Limited (UK)
  • PALFINGER AG (Austria)
  • ZPMC (China)
  • Certex (United Kingdom)
  • Cargotec (Finland)
  • Pelloby Ltd. (UK)

Scope and segmentation of the report

Cover of the report Details
Forecast period 2020 to 2027
Forecast period 2020 to 2027 CAGR 4.1%
2027 value projection $ 45.80 billion
Year of reference 2019
Market size in 2019 $ 33.84 billion
Historical data for 2016 to 2018
Number of pages 140
Covered segments Size, Share, Forecast, Geography

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The report on cranes the market includes:

  • In-depth market analysis
  • Relevant data on competitors
  • Leading regions in the industry
  • Key facts about the dominant regions
  • Well-analyzed COVID-19 study
  • Latest developments

Regional analysis:

A thriving construction industry to boost income in Asia-Pacific

The Asia-Pacific market is expected to dominate the global market during the forecast period owing to the increase in infrastructure projects in developing countries. For example, in 2018, China’s National Development and Reform Commission (NDRC) sanctioned 27 infrastructure projects worth around US $ 219.43 billion. The market in North America is expected to maintain a strong rate due to the improving mining industry in the United States. For example, The Manitowoc Company, Inc. introduced the Grove GMK4090 rough terrain cranes. It features a 51m six-section mega-shape boom that uses Grove’s Twin-Lock pinning system. The European market is expected to represent a substantial share due to the rapid development of the region.

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Market engine:

Significant investment in The construction and infrastructure sector will increase growth

The huge investment in the construction of residential and commercial buildings by governments will create opportunities for the market during the forecast period. Rapid urbanization is expected to increase the market potential. The growing emphasis on developing green and environmentally friendly infrastructure will propel the market. In addition, the increasing demand for cranes in the gas, mining and automotive industries will contribute to the expansion of the market for the foreseeable future. In addition, the development of smart factories may further promote the growth of the market in the near future.

Sudden pause on construction activities to impact businesses amid coronavirus

The lockdown resulted in massive loss for the manufacturing and construction industries. The decline in crane production negatively impacted the market during the coronavirus. Operational delays in the oil and gas, construction, mining and automotive industries will therefore worsen this market. In addition, the massive drop in income in many industries will have a direct impact on businesses. Thus, hamper the growth of the market. In addition, the unavailability of labor in the construction industry will hamper the growth of the market.

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Key development:

September 2019: The Liebherr Group, a Swiss multinational equipment manufacturer based in Bulle, has announced the launch of the ‘LTM 1230 5.1 mobile cranes with a 75-meter telescopic boom which is used to erect 70-meter electricity pylons.

Main Table of Contents:

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Information source
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19 on the Automatic Labeling Machine Market
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Global Market Share Analysis and Matrix, 2019
  • Key Crane Market Overview and Analysis, By Segments
  • Global Crane Market Analysis, Outlook and Forecast (Quantitative Data), by Segments, 2016-2027
    • By product type (value)
    • By end-user industry (value)
      • Construction
      • Mining
      • Industrial
      • Petroleum gas
      • Others
    • By geography (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  • North America Crane Market Analysis, Outlook and Forecast (Quantitative Data), by Segments, 2016-2027
    • By product type (value)
    • By end-user industry (value)
      • Construction
      • Mining
      • Industrial
      • Petroleum gas
      • Others
    • By country (value)

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Here is our summer 2021 reading list Tue, 21 Dec 2021 12:27:38 +0000

As the readers prepare to return in their Christmas pigs – especially those lucky Australians who live in fringe or Coalition-held seats – we bring you great news and great joy. And also a booty of book recommendations for your reading pleasure during the summer.

It’s my last act of the year. When I hit “publish” on this story, my job is done for the year. (Unless of course there’s an epic shock to the ‘take out the trash’ style Christmas Eve announcement, in which case my staff Denham Sadler, Joe Brookes and I will be back on the tools. , writing another newsletter).

To all of our readers and to all members of this fabulous Australian innovation ecosystem, have a good break. I hope everyone will have the opportunity to reflect on their successes and recharge their batteries for a very busy year 2022.

There is much to celebrate in the past year, and much more to come. I love that a lot of this industry is self-sufficient these days. As much as possible, no one waits for the government. They are just getting started, moving forward.

Summer 2021 Reading List

This is not to say that there is not a massive and positive role that the government can and should rightly play. This is where InnovationAus tries to contribute through its reporting.

With elections at the start of the year, it will be very fast.

InnovationAus editor Corrie McLeod and I will be moving to Canberra in mid-January with our kids (because yes, we’re married) to start a household.

I will be working from the Parliamentary Press Gallery, with our National Affairs Editor Denham Sadler working in Canberra during sitting weeks to increase the volume of the national conversation on innovation.

Corrie will establish an InnovationAus commercial presence in Canberra, as well as for the larger Hello Espresso businesses. The Sydney office will of course remain, and Corrie will be visiting regularly.

It’s a great privilege to write about Australians doing amazing things.

And so on to our summer reading list. Relax and take a look at the books some of your industry peers have loved this year.

Federal Minister for Pensions, Financial Services and Digital Economy Jane Hume admits to being the “most notoriously unreliable member of the most fabulous group of books” and that a backlog of books is towering over his bedside table.

Senator Hume’s fictional summer priorities for the summer are Still life by Sarah Winman and Once upon a time there were wolves by Charlotte McConaghy. For industry reading, Senator Hume will look at Invisible Women – Exposing Data Bias in a World Designed for Men by Caroline Criado Perez, a book at the crossroads of its Digital Economy and Women’s Economic Security portfolios.

Shadow Industry Minister Ed Husic said the best industry book he had read this year was by Scott Galloway The four: the hidden DNA of Amazon, Apple, Facebook and Google “On how multinational technology has come to dominate in so many countries. While there has been a lot said and written this year on ‘Big Tech’, I thought this – with Rana Foroohar Don’t Be Evil: The Big Tech Case – were among the most comprehensive pieces to explain how they came to wield so much influence.

Ed Husic’s favorite non-industrial book of the year was Truganini by Cassandra Pybus, which traces the life of a woman who was one of the last of the Nuenonne clan. “Pybus writes with the personal aspect of being a descendant of settlers who obtained one of the largest free land grants in the country from this clan,” he said.

And during the summer? In addition to finishing Alec Ross The 2020s unleashed, and Genius creators by Cade Metz, I’m looking forward to Eric Willmot’s 1987 novel Pemulwuy: the rainbow warrior and that of David Goodhart Head Hand Heart.

Verizon Regional Vice President for Asia-Pacific Rob Le Busque said his favorite book of the year was Negotiating the non-negotiable: how to resolve your most emotionally charged conflicts by Daniel Shapiro. This guy is the oracle of negotiation strategy, having advised everyone from hostage negotiators, Fortune 500 CEOs and even warring heads of state. “This book is essential for anyone who needs to resolve any type of conflict; who are all of us!

Rob’s best non-industrial book is Premonition: a pandemic story by Michael Lewis, one of the great non-fiction writers (Moneyball, The Big Short, etc.) “This book tells about a small group of people who anticipated, plotted and chased the Coronavirus. Told in its quick and engaging style , it’s absolutely a book for the world right now.

Over the summer, Rob will read Love stories by Trent Dalton. “I like the genesis of this book; Trent Dalton, (a sturdy Queenslander), sat outside a train station for two months with a typewriter and asked passers-by to tell him a love story. It seems to me that after the trials, stress and worry of the past two years, we could all do with a little more love in our lives.

Cicada Innovations CEO Sally Ann Williams said her industry favorite book of 2021 was Decoding the world: a roadmap for the questioner by Po Bronson and Arvind Gupta. “It’s an adventure of Deep Tech’s potential to solve some of the most pressing problems we face in the world. It is a book of hope and science, not a work of science fiction.

Sally’s favorite non-industrial book is Upstream: How to Resolve Problems Before They Occur by Dan Heath. “It’s a book that shifts your thinking from one continuous response to crises and challenges to one that shifts your thinking upstream to challenge and fix the systems that are causing the problems. “

Squiz Founder and Executive Chairman John-Paul Syriatowicz said the best book he can recommend this year is Ground by Matthew Evans: “I got into regenerative agriculture, the ability to significantly mitigate the impact of climate change by sequestering carbon in the soil by making relatively minor changes to farming practices. I implement these practices on my Hunter farm.

JP says Sam Elsom, the CEO of Sea Forest – one of the 2021 Australian Hero Award recipients – is part of that picture.

Rachael Falk is the CEO of Cyber ​​Security CRC says Artificial Intelligence, Robots and Law by Australian academics, Professor Lyria Bennett Moses and Michael Guihot “definitely appealed to the lawyer in me. The book exposes the critical ethical and legal issues associated with AI and robots, and helps explain the application of law to new and emerging circumstances in areas such as tort law, criminal law and law enforcement. Contract law.

Rachael easily says that the best non-industrial book she read this year was Gotta Get Theroux This: My Life & Weird Times On TV by Louis Théroux. Over the summer, Barack Obama A promised land. But she says the thing she’ll keep coming back to is the Reform of Australia’s electronic surveillance framework Discussion paper recently released by Home Affairs.

“A little sad, I know, but this review, which stems from the recommendations of the Richardson review, will help inform the most important reforms of Australian surveillance laws in decades,” she said.

Technology Council of Australia CEO Kate Pounder recommends Buy Now, Pay Later: The Extraordinary Story of Afterpay by James Eyers and Jonathan Shapiro as a well-researched and impactful account of the creation and growth of Afterpay ”, as well as how regulatory frameworks can adapt. with new business models and technologies.

On the non-industrial side, she recommends Lead from the outside by Stacy Abrams, a leadership book for people from non-traditional leadership backgrounds. “It is based on the incredible personal story of Abrams who rose from a poor family to becoming the leader of the opposition in the Georgian legislature, a lawyer, entrepreneur and successful writer, as well as a famous and successful struggle against voter suppression in the United States, ”she said.

Newcastle Port President and UTS Emeritus Professor Roy Green recommends Mission Economics: A Moonshot Guide to Changing Capitalism by Mariana Mazzucato.

“Mazzucato argues that only public institutions in partnership with the private sector, but not under its sway, can set ambitious long-term goals and missions like the first moonlighting to transform our economy and our society, and in effect to build an efficient and equitable health system. system capable of meeting the very challenges we now face, ”said Roy.

Roy says his favorite non-professional book was Stalin’s wine cellar by John Baker and Nick Place – a heartbreaking tale of “a pair of adventurous Double Bay wine merchants in search of the opulent wine cellar of Tsar Nicholas II, which was allegedly transferred during the war by Stalin before the advance German troops for “security- guarding.” An extremely enjoyable real-life detective story, he says.

During the summer he reads Innovation in Real Places: Strategies for Prosperity in a Forgiving World by Dan Breznitz, a book written from the premise “that ‘cities and regions have wasted billions of dollars blindly copying Silicon Valley’s model of creating growth.’

And finally, here are my recommendations.

Bean Counters: The Triumph of Accountants and How They Shattered Capitalism by Richard Brooks tells the story of the rise of the Big Four accounting firms and their evolution into management consulting and professional services. We spent much of 2021 writing about the government’s over-reliance on outside consultants and the depleting public sector capacity. This book is mind blowing. Power Play: Elon Musk, Tesla and the bet of the century by Tim Higgins is also great.

For a non-industrial book, Car accident: a brief by Lech Blaine is a beautifully written portrayal of life and death, and grief, and the growth of youth and coming of age. He is insightful about the classroom in Australia and our social constructs. It’s a great reading companion for Blaine’s Quarterly Essay, Top Blokes: The Myth, Class, and Power of the Larrikin. Lech Blaine is an amazing young writer. Literally breathtaking.

A few other books that I loved this year were Empire of Pain – The Secret History of the Sackler Dynasty by Patrick Radden Keefe (it’s breathtaking) and An Ugly Truth – In the Battle for Facebook Dominance by Sheera Frenkel and Cecelia Kang (also amazing).

Over the summer, I’ll be reading The Game: A Portrait of Scott Morrison by Sean Kelly.

That’s all for 2021. Merry Christmas everyone, have an inspired and safe holiday season.

Do you know more? Contact James Riley by email.

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Burford Capital: Fast-Track Judgment Gains Ground in United Arab Emirates Thu, 16 Dec 2021 21:49:18 +0000

The UAE has long positioned itself as the leading center for international trade and investment in the Middle East due to its strategic location, liberal business practices, and the influx of wealthy expatriates over the past decade. . However, the country’s civil justice system often hampers successful asset recovery, especially given the slow pace of civil litigation proceedings in first instance courts in the various Emirates.

Claims can take years to progress through UAE courts, and parties can take advantage of various interim requests and delay tactics to drag first instance judgments, as well as to exercise an automatic right of appeal. (as opposed to the background). Expanding the scope of requests for an order for payment – a mechanism for ex part judgments-is a timely solution to this problem and a welcome development in the region as it leads to an expedited trial process and shortens the waiting time for a judgment from several years to a few weeks. Below, we detail the process and benefits of payment order requests and how they help requesters to quickly recover their assets in the UAE.

How payment order requests work

Payment order requests are an increasingly common solution for creditors in the United Arab Emirates. Amendments to the Implementing Regulations of Civil Procedure Law No. 11 of 1992, which details the method and procedures for civil and commercial disputes, have broadened the scope of requests for an expedited payment order regarding admitted debts. , and the court’s approach recently suggests that such assertions now must be brought under the expedited procedure.

To file a payment order request, a creditor must:

  • Serve a written request on the debtor (ideally issued by a notary) and allow five days to elapse

  • Gather proof that the request for payment has been made and ideally recognized by the debtor

  • File an application that includes the required evidence and details in a regular return

  • In particular, there are no additional costs apart from the normal court costs to file a request for a payment order; in Dubai, for example, fees are typically 6% of the claim value and capped at $ 10,980

Courts must rule on the claim within three days of submission and often do so without notifying debtors. Once the claim has been accepted, the creditor must notify the debtor within three months. More importantly, payment orders are eligible for expedited execution; execution can begin immediately notwithstanding any appeal (or the appeal time has not expired). This expedited execution contrasts sharply with general trial court practice and is crucial for claimants seeking capital earlier.

The advantages of requesting a payment order request

The biggest advantage of a payment order request is speed. The procedure itself is fast and decisions are usually received within three days. They are also immediately enforceable, unlike a classic civil judgment, which is only enforceable after the expiry of the 30-day period for the appeal or following a judgment of the Court of Appeal. This alone saves applicants valuable time and money and reduces risk. In addition, the ex part the nature of payment order requests imposes a shorter appeal period of 15 days and, when combined with immediate execution, may lead debtors to commit.

Prior to the Executive Settlement, payment order requests could only be used for claims against financial instruments or commercial paper such as promissory notes, checks and bills of exchange. Recent changes confirm that the scope can now include any case of debt confirmed in writing, for example, a bank requesting repayment of amounts owed under a facility agreement. It also allows you to claim interest on unpaid debt.

In addition, recent decisions of the Dubai Court of Cassation have attempted to clarify the scope and validity of the order for payment process. In September 2020, the court incorporated a broad interpretation of “debts confirmed in writing” to include a large number of disputes relating to contractual debts. In June 2021, the court clarified that the order for payment procedure should be used except in the event of a “serious dispute” between the parties over the debt. As both judgments are recent, there is still no significant case law to help determine how they are applied in practice.

Although the doctrine of precedent does not apply in the United Arab Emirates as in common law jurisdictions, the judgment of the court of cassation must be convincing and payment order judgments are therefore a faster way to prosecute claims. debtors otherwise seeking to avoid payment. While enforcement in other jurisdictions is subject to confirmation by local courts, payment order requests are likely to be a new problem for many foreign courts. There is no policy reason why they would not be effective in other courts, especially if efforts are made to sufficiently inform the debtor of the proceedings in the UAE before substantive action is taken. abroad to execute the payment order.

Different emirates take different approaches

Although the regulations apply uniformly to the United Arab Emirates, in practice payment order requests are handled differently depending on the emirate in which the request is made. Courts in Dubai generally allow immediate enforcement, while courts in Abu Dhabi and Sharjah generally require that a claimant wait until the 15th day the appeal period has elapsed or an appeal has been decided. before the filing of the request for execution. While the appeal period is minor compared to the years applicants would otherwise have to wait, it is important that they be aware of these nuances.

As with most new processes, judges can also be cautious and reject the request, especially in cases where the request is not “straightforward” i.e. not based on a promissory note, a check or a bill of exchange. In addition, not all forms of debt can be repaired by payment order requests. In the event of refusal, the creditor would have no choice but to resume the proceedings according to the standard procedure (in which case he would be required to pay again the non-negligible legal costs).

Partnering with an expert is the crucial first step

The fact that payment order requests are becoming increasingly popular in the UAE is a positive development for applicants pursuing enforcement in the region, as the process is generally long, expensive and often unpredictable. Claimants can use expedited claims to save time and money and increase pressure on late-paying debtors.

Since payment order requests are a relatively new and little-used solution in the United Arab Emirates to date, it is imperative to work with an experienced partner. Burford’s in-house team of asset recovery and enforcement specialists working with local attorneys can navigate the unique rules and processes of UAE courts and assist clients with recoveries in various multinational surveys in the Middle East. By working with a partner with the right experience and knowledge of the region, applicants can unlock the full potential of a payment order request.

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