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Inform       Today is Friday, August 14, 2020 and day 227 of the year.

World's Most Valuable Brands

Informed 2 weeks ago

When it comes to brand value, it’s hard to topple Big Tech. On Forbes’ 2020 list of the 100 most valuable brands, the top five are the same as last year: Apple, Google, Microsoft, Amazon, and Facebook. And while the first four have maintained or increased their pace of growth, Facebook has fallen. In fact, the social network’s brand value declined by 21% between fiscal-year 2018 and fiscal-year 2019.  

Source:  Forbes

ኢትዮጵያ እና ጃፓን የ490 ሚሊየን ብር የድጋፍ ስምምነት ተፈራረሙ

Informed 3 weeks ago

ኢትዮጵያ ከጃፓን መንግሥት ጋር የ490 ሚሊየን ብር "የኢኮኖሚ ዕርዳታ እና የማኅበራዊ ልማት ፕሮግራም /የኮቪድ-19 ድጋፍ/ ስምምነት ተፈራረመች።

የድጋፍ ስምምነቱን የኢፌዴሪ የገንዘብ ሚኒስትር አቶ አህመድ ሺዴ እና በኢትዮጵያ የጃፓን አምባሳደር ዳይሱኬ ማትሱናጋ ተፈራርመዋል።

ገንዘቡ የኢትዮጵያ መንግሥት የቪድ19ኝ ወረርሽኝን ለመከላከል የሚያደርገውን ጥረት ለመደገፍ የሚውል መሆኑን የገንዘብ ሚኒስቴር አስታውቋል።  

The World's Richest Cities

Informed 2 months ago

Out of the 2,095 members of the 2020 Forbes World’s Billionaires list, 552 live in just ten cities. And for the sixth year in a row, more billionaires call New York City home than any other city in the world.  

Source:  Forbes

Meet This Year’s Newest Billionaires

Informed 2 months ago

Celebrating wealth creation during a pandemic may feel inappropriate, but some of the 178 newcomers to Forbes’ newly released list of the World’s Billionaires are providing services that millions of people are relying on amidst our shelter-in-place reality.  

Source:  Forbes

The Top 10 Richest Women In The World

Informed 2 months ago

The Top 10 Richest Women In The World  

Source:  Forbes

Meet The World’s 10 Youngest Billionaires

Informed 2 months ago

Of the 2,095 billionaires in the world, only ten are 30 or younger. Together, this precocious bunch is worth $15.9 billion.  

Source:  Forbes

The World's Best Banks 2020

Informed Monday, June 15, 2020 at 09:53:15 AM

Banks were rated on general satisfaction and key attributes like trust, fees, digital services and financial advice. The best banks in 23 different countries are highlighted below.  

Source:  Forbes

Managing through COVID-19: Six imperatives for Chief Financial Officers (CFOs)

Informed Jun 03, 2020 at 11:32 AM

In this issue of CFO Insights, we explore six distinct imperatives that we believe will assist CFOs in protecting their companies and workforces in a period of rapid economic deceleration and uncertainty.  

Source:  Deloitte

Beyond COVID-19: New opportunities for fintech companies

Informed Jun 03, 2020 at 11:27 AM

As the COVID-19 pandemic continues to create uncertainty, many fintechs are under stress on a number of fronts. But, as the broader economy shifts from “respond” to “recover”, new opportunities may be created for some fintechs. A key question is how fintechs may leverage their unique assets and skills to seize new opportunities in the future. It could be an opportune time to think big and act boldly.  

Source:  Deloitte


Informed Jun 02, 2020 at 08:46 AM

Jeff Bezos is the world’s wealthiest person for the third year in a row, despite giving $36 billion worth of his Amazon stock to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer. He’s worth $113 billion, buoyed by a 15% rise in Amazon’s shares since our 2019 list.

More information can be found here:  

Source:  Forbes

Summary of COVID 19 Economic Response Measures

Informed May 21, 2020 at 06:59 AM

Objectives of the government’s recent measures:

Enhance the governmet’s effort to protect the health of the population
• Protect livelihoods and avoid layoff of employees
• Help low income communities from possible further crisis due to COVID related economic slowdown including housing and rental payments
• Encourgae donations towards COVID response
• To ensure economic resilence and quick recovery
• Support businesses that are severely affected by the pandemic; Encourage service providers and manufacturers to continue their operation  

በሁሉም ንግድ ባንኮች የሚወጣ የጥሬ ገንዘብ መጠን ገደብ ተጣለበት

Informed May 20, 2020 at 06:29 AM

የብሔራዊ ባንክ እንዳስታወቀው ከሁሉም የንግድ ባንኮች በቀን የሚወጣው የጥሬ ገንዘብ መጠን ለግለሰብ 200ሺህ፣ ለኩባንያ ደግሞ 300ሺህ ሆኗል።

በተመሳሳይ በአንድ ወር ውስጥ ለግለሰብ አንድ ሚሊየን፣ ለኩባንያ 2 ነጥብ 5 ሚሊየን ብር ድረስ ብቻ ሆኗል።
መመሪያው በሁሉም ባንኮን እና የፋይናንስ ተቋማት ተግባራዊ እንደሚደረግ የብሔራዊ ባንክ ገዥ ዶ/ር ይናገር ደሴ ገልጸዋል።

መመሪያው በቼክ፣ በሲፒኦ እና ሌሎች መንገዶች የሚካሔድ የገንዘብ ልውውጥ ላይ ገደብ አለመጣሉ ታውቋል።

እርምጃው ሕገ ወጥ የገንዘብ ዝውውርን ለመግታት፣ ለመንግሥት የሚከፈል ግብር ሥወራ ለማስቀረት እና የኢትዮጵያ ባንኮች ማኅበር በተደጋጋሚ ከባንክ የሚወጣ የጥሬ ገንዘብ ገደብ እንዲጣልበት ያቀረበውን ጥያቄ ተከትሎ በተካሔደ ጥናት መሆኑን የብሔራዊ ባንክ ገዥው ተናግረዋል።  

Social good creates economic boost

Informed May 17, 2020 at 11:31 AM

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As unemployment rates skyrocket around the world in response to the COVID-19 pandemic, a world-first study has found social venture start-ups not only alleviate social problems but also are much more important for job creation than previously thought.  

Source:  Queensland University of Technology

Corona viruses

Informed Jan 24, 2020 at 01:04 PM

Informer:  Rediet
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All you need to know about Corona viruses and take care  

Source:  Agence France Presse

የዕለቱ የገንዘብ ምንዛሬ ተመን ጥር 13

Informed Jan 22, 2020 at 10:21 AM

Informer:  askwala
የዕለቱ የገንዘብ ምንዛሬ ተመን ጥር 13 / January 22, 2020  

Source:  commercial bank of Ethiopia

የዕለቱ የገንዘብ ምንዛሬ ተመን ጥር 5

Informed Jan 14, 2020 at 09:52 AM

Informer:  askwala
የዕለቱ የገንዘብ ምንዛሬ ተመን ጥር 5 / January 14  

Source:  commercial bank of Ethiopia

Work agency

Informed Nov 27, 2019 at 12:22 PM

Informer:  Rediet
በኤጀንሲ የሚቀጠሩ ሰራተኞች ደሞዛቸው ዋና ቀጣሪ ከሚከፍለው 75% ቱን እንዲወስዱ የሚያዝ መመርያ ተዘጋጀ።
በሀገር ውስጥ ስር አገናኞች ኤጀንሲ አማካኝነት በጥበቃ፣በፅዳትና በመሰል ዘርፎች በተለያዮ ቦታዎች ተቀጥረው የሚሰሩ ሰራተኞች ደሞዛቸው ዋና ቀጣሪ ለኤጀንሲው ለመክፈል ለተዋዋለው 75 ከመቶ የነሱ ደሞዝ አንዲሆን መመርያ በሰራተኛና ማህበራዊ ሚኒስቴር የተዘጋጀ ሲሆን በቅርቡም ተግባራዊ ይሆናል ተብሎ ይጠበቃል።
ይህም ማለት አንድ ሆቴል ወይንም ኢምባሲ ለአንድ ጥበቃ ለኤጀንሲው 2,000 ብር ቢከፍል ኤጀንሲው ለጥበቃው 1,500 ብር ይከፍላል ማለት ነው።
መመርያው ኤጀንሲዎች ለሚቀጥሯቸው ሰራተኞች ዋስትና እንዲሆን ከ100 ሺ ብር አስከ ሰባት 350 ሺ ብር በዝግ አካውንት በባንክ እንዲያስቀምጡ ያዛል።

Source:  Jobs in ethiopia

አዋሽ ባንክ በተለያዩ መርሃግብሮች 25ኛ ዓመት የምስረታ በዓሉን እያከበረ ነው

Informed Nov 11, 2019 at 11:26 AM

Informer:  betty
አዋሽ ባንክ ለአንድ ወር በተለያዩ መርሐ-ግብሮች በተከታታይ የሚከበረውን 25ኛ ዓመት የምስረታ በዓሉን ከጥቅምት 14 ቀን 2012 ዓ.ም ጀምሮ በተለያዩ ዝግጅቶች እያከበረ ይገኛል፡፡ ለዚሁ የብር ኢዮበልዩ በዓል ድምቀት እና ለ25ኛ የልደት በዓሉ ማብሰርያ ብለው በዋናው መ/ቤት መግቢያ በር ላይ ከእህት ኩባንያው ጋር በጋራ ያሰሩትን ቢል ቦርድ በይፋ መርቆ በመክፈት ክብረ-በዓሉን ማክበር ጀምሯል፡፡

እ.ኤ.አ. በግንቦት 1991 ዓ.ም በአገራችን የተፈጠረውን የመንግስት ለውጥ ተከትሎ ተግባራዊ በተደረገው የኢኮኖሚ ፖሊሲ መሰረት ቀድመው ወደ ባንኪንግና ኢንሹራንስ ክፍለ ኢኮኖሚ በመግባት የመጀመሪያዎቹና ፈር ቀዳጆች የሆኑት እህት ኩባንያዎቹ አዋሽ ባንክና አዋሽ ኢንሹራንስ ኩባንያ በዘርፉ ላለፉት 25 ዓመታት ከውቅቱ ጋር እራሳቸውንና የአገልግሎት አሰጣጣቸውን እያዘመኑ በመሄድ ከፍተኛና ተከታታይነት ያለው ዕድገት አስመዝግበዋል፡፡
አዋሽ ባንከ ባለፉት 25 ዓመታት ያስመዘገባቸው ስኬቶችና በሁሉም የባንኪንግ ኢንዱስትሪ ዘርፎች መሪ ስለመሆኑ ምስክሮች ናቸው፡፡ አዋሽ ባንክ በአገራችን የግል ባንኮች ታሪክ ከብር አንድ ቢሊዮን በላይ ዓመታዊ ትርፍ በማስመዘገብ ለመጀመሪያ ጊዜ መሪነቱን ያረጋገጠ ከመሆኑም ባሻር ባሳለፍነው በጀት ዓመት ብር 3.3 ቢሊዮን ዓመታዊ ትርፍ በማስመዝገብ በኢትዮጵያ የግል ባንኮች ታሪክ የመሪነቱን ስፍራ ይዟል፡፡

አዋሽ ባንክ ባለፉት 25 ዓመታት ከብር 11 ቢሊዮን በላይ የሚገመት ትርፍ ያገኘ ሲሆን ከዚህም ለመንግስት ከ ብር ሶስት ቢሊዮን በላይ የሚገመት የትርፍ ገቢ ግብር በመክፈል ለአገሪቱ ልማት ከፍተኛ አስተዋፅኦ አበርክቷል፡፡ ከዚህ ጎን ለጎንም ማህበራዊ ኃላፊነት መወጣት በሚል ፕሮግራሙም ያለፉት አምስት ዓመታት መረጃዎች እንደሚያመላክቱት ከብር 62 ሚሊዮን በላይ በማውጣት በተለያዩ በጎ አድራጎት ድርጅቶች፣ መንግስታዊና መንግስታዊ ባልሆኑተቋማት ለሚሰሩ የማህበረሰብ ልማት ስራዎች እገዛ አድርጓል፡፡  

Source:  አዋሽ ባንክ

CBE Earns Close to 18 Billion Birr Profit

Informed Nov 11, 2019 at 11:17 AM

Informer:  betty
The Commercial Bank of Ethiopia (CBE) has earned a gross profit of 17.9 billion birr in the 2018/19 budget year.
This was disclosed at the annual performance evaluation meeting of the bank held from August 16-17, 2019 at Africa Union Hall.
President and CEO of CBE, Ato Bacha Gina said on the occasion the bank has mostly exceeded the financial goals it set for the fiscal year.
He explained that the gross profit earned is much higher than last year’s 10.9 billion birr.
The bank’s total asset has also reached 712 billion birr, registering 145 billion birr increase in just a year, Ato Bacha added.  

Source:  CBE

The Magic Formula

Informed Jul 31, 2019 at 12:28 PM

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The magic formula ranks companies based on two factors:
on capitalandearnings yield.These factors can be mea-sured in several differentways. Themeasures chosen for the
study in this book are described in more detail as follows:*
1. Return on Capital
EBIT/(Net Working Capital +Net Fixed Assets)
Return on capital was measured by calculating the ratio
of pre-tax operating earnings (EBIT) to tangible capital
*For purposes of the study, earnings-related numbers were based on the lat-est 12-month period, balance sheet items were based on the most recent bal-ance sheet, and market prices were based on the most recent closing price.
Utilities, financial stocks and companies where we could not be certain that
the information in the database was timely or complete were eliminated.
Adjustments were also made for certain non-interest bearing liabilities. The
study was structured so that an average of 30 stocks was held during the
study period. Stocks with only limited liquidity were eliminated from the
study. Market capitalizations were determined based on 2003 dollars. Both
the number of companies in each decile as well as the number of companies
in each market capitalization group fluctuated as the number of companies
in the database varied during the study period.
employed (Net Working Capital +Net Fixed Assets).
This ratio was used rather than the more commonly used
ratios of return on equity (ROE, earnings/equity) or return
on assets(ROA, earnings/assets) for several reasons.
EBIT (or earnings before interest and taxes) was used in
place of reported earnings because companies operate
with different levels of debt and differing tax rates. Using
operating earnings before interest and taxes, or EBIT,
allowed us to view and compare the operating earnings of
different companies without the distortions arising from
differences in tax rates and debt levels. For each company,
it was then possible to compare actual earnings from oper-ations (EBIT) to the cost of the assets used to produce
those earnings (tangible capital employed).

2. Earnings Yield
EBIT/ Enterprise Value
Earnings yield was measured by calculating the ratio of
pre-tax operating earnings (EBIT) to enterprise value(mar-ket value of equity* +net interest-bearing debt). This ratio
was used rather than the more commonly used P/E ratio
(price/earnings ratio) or E/P ratio(earnings/price ratio) for
several reasons. The basic idea behind the concept of earn-ings yield is simply to figure out how much a business
earns relative to the purchase price of the business.
Enterprise value was used instead of merely the priceof
equity (i.e., total market capitalization, share price multiplied
by shares outstanding) because enterprise value takes into
account both the price paid for an equity stake in a business
as well as the debt financing used by a company to help gen-erate operating earnings. By using EBIT (which looks at
actual operating earnings before interest expense and taxes)
and comparing it to enterprise value, we can calculate the pre-tax earnings yield on the full purchase price of a busi-ness (i.e., pre-tax operating earnings relative to the price of
equity plus any debt assumed). This allows us to put com-panies with different levels of debt and different tax rates on
an equal footing when comparing earnings yields. For example, in the case of an office building purchased
for $1 million with an $800,000 mortgage and $200,000 in
equity, the price of equity is $200,000 but the enterprise
value is $1 million. If the building generates EBIT (earnings
before interest and taxes) of $100,000, then EBIT/EV or
the pre-tax earnings yield would be 10 percent ($100,000/
$1,000,000). However, the use of debt can greatly skew
apparent returns from the purchase of these same assets
when only the price of equity is considered. Assuming an
interest rate of 6 percent on an $800,000 mortgage and a 40
percent corporate tax rate, the pre-tax earnings yield on our
equity purchase price of $200,000 would appear to be 26
percent.* As debt levels change, this pre-tax earnings yield on equity would keep changing, yet the $1 million cost of
the building and the $100,000 EBIT generated by that
building would remain unchanged. In other words, P/E and
E/P are greatly influenced by changes in debt levels and tax
rates, while EBIT/EV is not.  

Source:  The Little Book That Beats The Market

Foreign market entry strategies

Informed Jun 30, 2019 at 10:27 AM

Informer:  Wegen
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usually advocate a free flow of capital across national borders because capital can then seek out the highest rate of return. Owners of capital can diversify their investment, while governments will be less able to pursue bad economic policies. In addition, global integration of capital markets spreads best practices in corporate governance, accounting rules, and legal traditions. However, some critics point out that free capital flows are driven by speculative and short-term considerations. For some reason, one noticeable feature of FDI flows is that their share in total inflows is higher in countries where the quality of institutions is lower. In other words, a high share of FDI in a
country’s total capital inflows may reflect its institutions’ weakness instead of its strengths. However, empirical evidence indicates that FDI benefits developing host countries.

Exporting is a strategy in which a company, without any marketing or production organization overseas, exports a product from its home base. Often, the exported product is fundamentally the same as the one marketed in the home market.

Licensing is an agreement that permits a foreign company to use industrial property (i.e., patents, trademarks, and copyrights), technical know-how and skills (e.g., feasibility studies, manuals, technical advice), architectural and engineering designs, or any combination of these in a foreign market. Essentially, a licensor allows a foreign company to manufacture a product for sale in the licensee’s country and sometimes in other specified markets.

In some cases, government pressure and restrictions force a foreign company either to sell its domestic operations or to relinquish control. In other cases, the company may prefer not to have any FDI. Under such circumstances, the company may have to formulate another way to generate the revenue given up. One way to generate revenue is to sign a management contract with the government or the new owner in order to manage the business for the new owner. The new owner may lack technical and managerial expertise and may need the former owner to manage the investment until local employees are trained to manage the facility.

The joint venture is another alternative a firm may consider as a way of entering an overseas market. A joint venture is simply a partnership at the corporate level, and it may be either domestic or international. For the discussion here, an international joint venture is one in which the partners are from more than one country.

The manufacturing process may be employed as a strategy involving all or some manufacturing in a foreign country. IBM, for example, has sixteen plants in the USA and eighteen more in other countries.

An assembly operation is a variation on a manufacturing strategy. According to the US Customs Service, “Assembly means the fitting or joining together of fabricated components.” The methods used to join or fit together solid components may be welding, soldering, riveting, gluing, laminating, and sewing.
In this strategy, parts or components are produced in various countries in order to gain each country’s comparative advantage Capital-intensive parts may be produced in
advanced nations, and labor-intensive assemblies may be produced in a less developed country, where labor is abundant and labor costs low. This strategy is common among manufacturers of consumer electronics. When a product becomes mature and faces intense price competition, it may be necessary to shift all of the labor-intensive operations to less developed countries.

A turnkey operation is an agreement by the seller to supply a buyer with a facility fully equipped and ready to be operated by the buyer’s personnel, who will be trained by the seller. The term is sometimes used in fast-food franchising when a franchisor agrees to select a store site, build the store, equip it, train the franchisee and employees, and sometimes arrange for the financing. In international marketing, the term is usually associated with giant projects that are sold to governments or government-run companies.
Large-scale plants requiring technology and large-scale construction processes unavailable in local markets commonly use this strategy. Such large-scale projects include building steel mills; cement, fertilizer, and chemical plants; and those related to such advanced technologies as telecommunications.

When a manufacturer wants to enter a foreign market rapidly and yet retain maximum control, direct investment through acquisition should be considered. The reasons for wanting to acquire a foreign company include product/geographical diversification, acquisition of expertise (technology, marketing, and management), and rapid entry. For
example, Renault acquired a controlling interest in American Motors in order to gain the sales organization and distribution network that would otherwise have been very expensive and time-consuming to build from the ground up. After being outbid in
1994 when Forstmann Little & Co. bought Ziff-Davis Publishing, a company well known for its PC Magazine and other computer-related publications, Japan’s Softbank Corp. was able finally to acquire the publisher a year later, albeit at a much higher price ($2.1 billion). The deal made the Japanese software company the world’s largest computer
magazine publisher and the largest operator of computer trade shows including Comdex.

As discussed, to gain access to new markets and technologies while achieving economies of scale, international marketers have a number of organization forms to choose from: licensing, partially owned or wholly owned subsidiaries, joint ventures, and acquisitions. A relatively new organizational form of market entry and competitive cooperation
is a strategic alliance. This form of corporate cooperation has been receiving a great deal of attention as large multinational firms still find it necessary to find strategic partners to penetrate a market.
There is no clear and precise definition of a strategic alliance. There is no one way to form a strategic alliance. Strategic alliances may be the result of mergers, acquisitions, joint ventures, and licensing agreements. Joint ventures are naturally strategic
alliances, but not all strategic alliances are joint ventures. Unlike joint ventures which require two or more partners to create a separate entity, a strategic alliance does not necessarily require a new legal entity. As such, it may not require partners to make
arrangements to share equity. Instead of being an equity-based investment, a strategic alliance may be more of a contractual arrangement whereby two or
more partners agree to cooperate with each other and use each partner’s resources and expertise to penetrate a particular market.  

1 Comment(s)
Source:  International Marketing by Sak Onkvisit and John Shaw

Common Money Sources to Start or Expand a Business

Informed May 30, 2019 at 01:41 PM

Informer:  Wegen
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Most small businesses are started or expanded with money from one of seven readily available sources. They are in order of frequency:
1. The savings of the person starting the
business from close friends and relatives
3. Scaling back cash requirements and
substituting creative cost-cutting for
financial equity
4. Selling or borrowing against equity in
other property from supporters or others
interested in what you are doing
6. Bank loans
7.venture capital.
I recommend never financing a business with only borrowed money, even if it’s possible. If you’re starting a new business and use your own money or sell equity, you can make your inevitable start-up mistakes cheaply and survive to borrow money later, when you know how better to use it.
my general rule is that you should borrow less than half of the money you need, especially if you’re starting a new business. If you’re expanding an existing business, make sure that you can handle the cash payments
necessary to repay the loan even if business isn’t as good as you hope. In other words, it’s usually more dangerous to borrow too much than too little. If you have to raise nearly all the money from others, I recommend selling equity instead of borrowing.  

Source:  How to Write a Business Plan by Mike McKeever

Self-Evaluation Exercises for Business

Informed May 30, 2019 at 12:52 PM

Informer:  Wegen
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1. Your Strong and Weak Points:

a few minutes to list your personal and business strengths and weaknesses. Include everything you can think of, even if it doesn’t appear to be related to your business. For instance, your strong points may include the mastery of a hobby, your positive personality traits, and your sexual charisma, as well as your specific business skills. Take your time and be generous.
Your list of strong and weak points will help you see any obvious conflicts between your personality and the business you’re in or want to start. For example, if you don’t like being around people but plan to start a life insurance agency with you as the primary salesperson, you may have a personality clash with your business. The solution might be to find another part of the insurance business that doesn’t require as much people contact.

2. General and Specific Skills Your Business Needs

Businesses need two kinds of skills to survive and prosper: Skills for business in general and skills specific to the particular business. For example, every business needs someone to keep good financial records. on the other hand, the tender touch and manual dexterity needed by glassblowers are not skills needed by the average paving
next, take a few minutes and list the skills your business needs. don’t worry about making an exhaustively complete list, just jot down the first things that come to mind. make sure you have some general business skills as well as some of the more important skills specific to your particular business.
For instance:
Antoinette Gorzak: General and Specific Skills My Business Needs
1. How to motivate employees
2. How to keep decent records
3. How to make customers and
employees think the business is
4. How to know what the customers
want—today and, more important in
the clothing business, to keep half-a-step ahead
5. How to sell
6. How to manage inventory
7. How to judge people

3. Your Likes and Dislikes

Take a few minutes and make a list of the things you really like doing and those you don’t enjoy. Write this list without thinking about the business—simply concentrate on what makes you happy or unhappy.
If you enjoy talking to new people, keeping books, or working with computers, be sure to include those. Put down all the activities you can think of that give you pleasure.
For Instance
Antoinette Gorzak:
My Likes and Dislikes Things I Like to Do
1. Be independent and make my own
2. Keep things orderly. I am almost
compulsive about this
3. Take skiing trips
4. Work with good, intelligent people
5. Cook with Jack
6. Care about my work

Things I Don’t Like to Do
1. Work for a dimwit boss
2. Feel like I have a dead-end job
3. Make people unhappy

4. Specific Business Goals

Finally, list your specific business goals. Exactly what do you want your business to accomplish for you? Freedom from 9 to 5? money—and if so, how much? more time with the children? making the world or your little part of it a better place? It’s your wish list, so be specific and enjoy writing it.
Antoinette Gorzak:
My Specific Business Goals
1. Have my own business that gives
me a decent living and financial
2. Work with and sell to my friends
and acquaintances as well as new
3. Introduce clothing presently
unavailable in my city and provide a
real service for working women
4. Be part of the growing network of
successful businesswomen
5. Be respected for my success  

Source:  How to Write a Business Plan by Mike McKeever

EU tariff list includes U.S. jets, fish

Informed Apr 18, 2019 at 12:51 PM

Informer:  Wegen
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The EU on Wednesday threatened to slap tariffs on $20 billion worth of U.S. products on everything from planes to ketchup. As Fred Katayama reports, it was responding to the U.S.' list of European goods targeted for tariffs.  

Source:  Reuters

Amazon, facing entrenched rivals, says to shut China online store

Informed Apr 18, 2019 at 12:46 PM

Informer:  Wegen
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Image name: amazon.PNG Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation.
The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding’s Tmall marketplace and controlled 82 percent of the Chinese e-commerce market last year.
An Amazon spokeswoman told Reuters on Thursday that it is notifying sellers that it will no longer operate a marketplace, nor provide seller services on

Sources familiar with its plans had told Reuters a day before that the company had planned to make such a move.

“We are working closely with our sellers to ensure a smooth transition and to continue to deliver the best customer experience possible,” the spokeswoman said in a statement.

“Sellers interested in continuing to sell on Amazon outside of China are able to do so through Amazon Global Selling.”

The sources said that Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the United States, Britain, Germany and Japan via the firm’s global store.

Amazon will wind down support for domestic-selling merchants in China in the next 90 days and review the impact on its fulfilment centers in the country, some of which it may close, one of the people said.
“They’re pulling out because it’s not profitable and not growing,” said analyst Michael Pachter at Wedbush Securities.

Ker Zheng, marketing specialist at Shenzhen-based e-commerce consultancy Azoya, said Amazon had no major competitive advantage in China over its domestic rivals.

Unless someone is searching for a very specific imported good that can’t be found elsewhere, “there’s no reason for a consumer to pick Amazon because they’re not going to be able to ship things as fast as Tmall or JD,” he said.

The Amazon spokeswoman said that the company would continue to invest and grow in China through its Amazon Global Store, Global Selling, Kindle e-readers and online content. Amazon Web Services, the company’s cloud computing unit that sells data storage and computing power to enterprises, will also remain.

U.S.-listed shares of Alibaba and rose 1 percent on Wednesday after Reuters first reported the move, before paring gains later in the day. Amazon’s shares closed flat.
The withdrawal of the world’s largest online retailer - founded by Jeff Bezos, who later became the world’s richest person - comes amid a broader e-commerce slowdown in China. Alibaba in January reported its slowest quarterly earnings growth since 2016, while is responding to the changing business environment with staff cuts.

It also follows the Chinese e-commerce retreat of other big-name Western retailers. Walmart Inc sold its Chinese online shopping platform to in 2016 in return for a stake in to focus on its bricks-and-mortar stores.
Similarly, the country appears to factor less in the global aspirations of fellow U.S. tech majors Netflix Inc, Facebook Inc and Alphabet Inc’s Google, Wedbush Securities’ Pachter said.

Amazon bought Chinese online shopping website in 2004 for $75 million, rebranding the business in 2011 as Amazon China. But in a sign of Tmall’s dominance, Amazon opened an online store on the Alibaba site in 2015.

Amazon is still expanding aggressively in other countries, notably India, where it is contending with local rival Flipkart.  

Source:  Reuters

United sees Boeing's 737 MAX flying this summer, deliveries before year-end

Informed Apr 18, 2019 at 12:39 PM

Informer:  Wegen Fantu
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United Airlines expects Boeing Co’s grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension.
The 737 MAX was grounded worldwide in March following two fatal crashes, forcing Boeing to freeze deliveries. Boeing is under pressure to upgrade the software and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days.

Chicago-based United, which is part of United Continental Holdings Inc, removed its 14 MAX aircraft from its flying schedule through early July, while U.S. competitors that own the MAX have planned their flying schedules without the aircraft into August.

United has another 16 MAX orders scheduled for delivery this year.

“The aircraft scheduled for delivery this year, we would expect to take this year,” Chief Financial Officer Gerald Laderman said on a first-quarter conference call.  

Source:  Reuters

Pelosi says Trump's tariffs on EU missed chance to put joint pressure on China

Informed Apr 16, 2019 at 11:48 AM

Informer:  Wegen
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The United States has missed an opportunity to gain economic leverage over China when it opted to put tariffs on the European Union rather than join forces with it, the Speaker of the U.S. House of Representatives, Nancy Pelosi, said on Monday.

“I thought one of the biggest opportunities was for the U.S. and the EU to join together - the biggest market in the world, the two combined - and use that leverage in negotiations with the Chinese,” Pelosi told an audience at the London School of Economics.

“So I wasn’t pleased when the President put tariffs on the EU because you kind of started to weaken that strength vis-a-vis China.”  

Source:  Reuters

Trump urges 'rebrand' of 737 MAX, Boeing has other ideas

Informed Apr 16, 2019 at 10:46 AM

Informer:  Wegen Fantu
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U.S. President Donald Trump on Monday urged Boeing Co to “rebrand” its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust.  

Source:  Reuters

Trump on China trade spat: 'We're going to win either way'

Informed Apr 16, 2019 at 10:04 AM

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President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened.
“We’re going to win either way. We either win by getting a deal or we win by not getting a deal,” Trump said during a visit to a business roundtable in Burnsville, Minnesota.
The world’s two biggest economies are nine months into a trade war that has cost billions of dollars, roiled financial markets and upended supply chains.

Trump’s administration has slapped tariffs on $250 billion worth of imports of Chinese goods to press demands for an end to policies that Washington says hurt U.S. companies competing with Chinese firms. China responded with its own tit-for-tat tariffs on U.S. goods.

Trump’s Treasury secretary, Steven Mnuchin, said earlier on Monday that trade negotiators are making a lot of progress. He told Fox Business Network there is more work to do, however, including enforcement.  

Source:  Reuters

U.S. to press allies to keep Huawei out of 5G in Prague meeting

Informed Apr 16, 2019 at 09:54 AM

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The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the matter and documents seen by Reuters.
The event and broader U.S. campaign to limit the role of Chinese telecommunications firms in the build out of 5G networks comes as Western governments grapple with the national security implications of moving to 5G, which promises to be at least 100 times faster than the current 4G networks.

The issue is crucial because of 5G’s leading role in internet-connected products ranging from self-driving cars and smart cities to augmented reality and artificial intelligence. If the underlying technology for 5G connectivity is vulnerable then it could allow hackers to exploit such products to spy or disrupt them.

The United States has been meeting with allies in recent months to warn them Washington believes Huawei’s equipment could be used by the Chinese state to spy. Huawei Technologies Co Ltd has repeatedly denied the allegations.

Officials from more than 30 countries will meet May 2-3 to agree on security principles for next-generation telecoms networks, said Robert Kahofer, chief of cabinet at Czech cybersecurity agency NUKIB.
A U.S. official familiar with the plan said the Prague meeting marks a strategic shift in how the U.S. government plans to urge allies to drop Huawei and other 5G vendors in the future, which Washington believes pose a risk to national security. The official described the approach as “softer.”

A Huawei spokesman did not immediately respond to a request for comment. U.S. proposals for the Prague meeting urge governments and operators to consider the legal environment in a vendor’s country, how much state support a company receives, transparency of corporate structure, and trustworthiness of equipment. It also calls on partners to prioritize security and work together on investigations into cyberattacks aimed at 5G architecture.

The documents do not mention Huawei, the world’s largest telecoms equipment maker, by name, but U.S. officials said they hoped it would provide the “intellectual framework” needed for other countries to effectively bar Chinese vendors. In August, U.S. President Donald Trump signed a bill that barred the U.S. government itself from using Huawei and ZTE Corp equipment.

“The goal is to agree upon a set of shared principles that would ensure the security of next-generation telecommunications networks,” said one of the officials, who spoke on condition of anonymity to discuss private conversations.

The Prague conference has been organized by the Czech foreign ministry with support from NUKIB, said Kahofer. The foreign ministry did not respond to requests for comment.

Delegations from all of the European Union’s 28 member states, as well as the European Commission, NATO and around eight other countries including the United States and Australia are expected to attend, Kahofer said.

China and Russia have not been invited, he added, but stressed that the event was not “an anti-Huawei or anti-China conference.” Europe has emerged as a key battleground for the future of 5G, with the United States pushing allies and partners to bar Chinese vendors but European governments wary of the trade and economic consequences of angering Beijing.
Internet service providers have also warned that banning Huawei would incur huge costs and delay the rollout of 5G by years. A senior U.S. cybersecurity official said last week Washington wanted European governments to adopt “risk-based security frameworks”, citing recent moves in Germany to implement stricter security standards for all 5G vendors, and that doing so would effectively rule out using Huawei and ZTE.

“The United States welcomes engagement from partners and allies to discuss ways that we can work together ensuring that our 5G networks are reliable and secure,” said White House National Security Council spokesman Garrett Marquis. Officials in Britain, which last month exposed new security flaws in Huawei equipment but says it has found no evidence of Chinese state interference, have also spoken of “raising security across the board” for 5G. The European Commission said in March that EU nations would be required to share data on 5G cybersecurity risks and produce measures to tackle them by the end of the year.  

Source:  Reuters

መንግሥት የስኳር ኮርፖሬሽንን ወደ ግል ለማዛወር የሚረዳ የቅድመ መረጃ ሰነድ ይፋ አደረገ

Informed Apr 14, 2019 at 02:52 PM

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ገንዘብ ሚኒስቴር ከኢትዮጵያ ስኳር ኮርፖሬሽን ጋር ያዘጋጀው የመረጃ መጠየቂያ ሰነድ ለአገር ውስጥና ለውጭ ባለሀብቶች በጥቂት ቀናት ውስጥ እንደሚሠራጭ አስታወቀ፡፡

የገንዘብ ሚኒስትር ዴኤታ ኢዮብ ተካልኝ (ዶ/ር) ከስኳር ኮርፖሬሽን ዋና ሥራ አስፈጻሚ አቶ ወዩ ሮባ ጋር በመሆን በገንዘብ ሚኒስቴር አዳራሽ ዓርብ ሚያዝያ 4 ቀን 2011 ዓ.ም. በሰጡት መግለጫ እንዳስታወቁት፣ ስኳር ኮርፖሬሽን ወደ ግል ከሚዛወሩ የመንግሥት የልማት ድርጅቶች አንዱ እንደመሆኑ፣ መንግሥት ይህንን ተቋም ወደ ግል ለማዛወር የሚያስችሉትን ሥራዎች ሲያከናውን ቆይቷል፡፡

በስኳር ኮርፖሬሽን ሥር የሚተዳደሩ 13 ፕሮጀክቶች ቢኖሩም፣ ከአቅሙ በላይ እንደሆኑበትና ኮርፖሬሽኑም ከፍተኛ የዕዳ ጫና ውስጥ የሚገኝ በመሆኑ ወደ ግል ማዛወሩ ግድ እንዳለ ተጠቅሷል፡፡ ይህንን ተከትሎም የኮርፖሬሽኑን ሀብትና ዕዳዎች ግመታና ዋጋ ማውጣት ሥራዎች እንደተካሄዱና አሁንም እየተካሄዱ እንደሚገኙ፣ ሚኒስትር ዴኤታውና ዋና ሥራ አስፈጻሚው አስረድተዋል፡፡

የገበያ መረጃ ሰነድ ዝግጅቱን በተመለከተ ሚኒስትር ዴኤታው እንደገለጹት፣ ሰነዱ ለመነሻ የተዘጋጁ 15 ዋና ዋና ጥያቄዎችን በማካተት የአገር ውስጥና የውጭ ኩባንያዎች መረጃዎቻቸውንና ፍላጎቶቻቸውን እንዲገልጹ እንዲስችሏቸው ሆነው የቀረቡ ናቸው፡፡ ይህም ሆነ ባለሀብቶቹ ሊኖሯቸው የሚችሉ ጥያቄዎችና አስተያየቶችንም እንደ ፍላጎታቸው ማካተት የሚችሉበት ሰነድ ነው ብለዋል፡፡

ሰነዱ ከሚያዝያ 7 ቀን 2011 ዓ.ም. ጀምሮ በሚኒስቴሩ ድረ ገጽ ለመላው ዓለም እንደሚለቀቅ ያስታወቁት ኢዮብ (ዶ/ር)፣ ሰነዱን በመሙላት አስፈላጊ መረጃዎችን ለመስጠትና ጥያቄዎችንም ለማቅረብ እንዲችሉ እስከ ሚያዝያ 28 ቀን 2011 ዓ.ም. ሰነዱ መዘጋጀቱን ገልጸዋል፡፡ ጠቅላላ መረጃ የማሳወቅና የመጠየቅ ሒደቱ ግንቦት 16 ቀን 2011 ዓ.ም. እንደሚጠናቀቅ ታውቋል፡፡

ይህንን ሰነድ ማዘጋጀት ያስፈለገው ባለሀብቶች ኮርፖሬሽኑን ሙሉ በሙሉ ወይም በከፊል መግዛት ቢፈልጉ፣ ካሉት 13 የስኳር ፕሮጀክቶች ምን ያህሉን ሊገዙ እንደሚችሉ፣ ወይም ከመንግሥት ጋር በሽርክና መሥራት ቢፈልጉ፣ ወይም ደግሞ በኮንትራት ስምምነት መግባት ቢፈልጉ እንዲህ ያሉትን መረጃዎች ለማወቅ እንደሆነ ተገልጿል፡፡

በርካታ የመንግሥት የልማት ድርጅቶች ሙሉ በሙሉ ወይም በከፊል ወደ ግል ለማዛወር ማቀዱን ይፋ ካደረገ ከበርካታ ወራት ቆይታ በኋላ፣ የስኳር ኮርፖሬሽን ቅድሚያ ሆኗል፡፡ መንግሥት ለስኳር ዘርፉ ለምን ቅድሚያ ሰጠ በማለት ሪፖርተር ላቀረበላቸው ጥያቄ ምላሽ የሰጡት ሚኒስትር ደኤታው፣ በስኳር ኮርፖሬሽን ሥር ያሉትን ሀብትና ይዞታዎች ማወቅ በመቻሉና ፕሮጀክቶችን ወደ ግል ይዞታ ማዘዋወሩ ቀላል ሆኖ በመገኘቱ እንደሆነ አስረድተዋል፡፡

ሌሎቹ የመንግሥት የልማት ድርጅቶች ጥናት እየተደረገባቸው እንደሚገኙና በአንዳንዶቹ ላይ ማስተካከያ የሚፈልጉ ሥራዎች በመኖራቸው፣ ቅድሚያውን ስኳር ኮርፖሬሽን እንደወሰደ ተጠቅሷል፡፡ የኢነርጂ ዘርፉን የሚመራው ተቋም ለአብነት ወደ ግል ለመዛወር ከመዘጋጀቱ በፊት ብዙ መስተካከል ያለባቸው ሥራዎች እንዳሉት ገልጸዋል፡፡ ይህም ይባል እንጂ ለሁሉም መንግሥታዊ የልማት ድርጅቶች ወደ ግል የሚዛወሩበት አካሄድ ላይ ዝርዝር ሒደቱን የሚገዙ ስትራቴጂዎች መዘጋጀታቸው ተገልጿል፡፡

የስኳር ኮርፖሬሽን ዋና ሥራ አስፈጻሚ በመሆን በቅርቡ የተሾሙት አቶ ወዩ ሮባ በበኩላቸው፣ ኮርፖሬሽኑ ወደ ግል መዛወሩ ወይም በሥሩ የሚገኙ ፋብሪካዎች ለሽያጭ መቅረባቸው ከሥጋት ይልቅ ትልቅ አቅምና ውጤት እንደሚገኝበት እምነታቸው እንደሆነ ገልጸዋል፡፡ በስኳር ኮርፖሬሽን ሥር ከሚገኙ ፕሮጀክቶች መካከል ከፍተኛ መጓተት ከታየባቸው ውስጥ የበለስ ስኳር፣ የኦሞ አንድ፣ የኦሞ አምስትና የወልቃይት ፕሮጀክቶችን ወቅታዊ ሁኔታ ገልጸዋል፡፡

ለበለስ ስኳር ፕሮጀክት አማካሪዎች ባጠኑትና የቴክኒክ ቡድን ተቋቁሞ ባየው ግምገማ መሠረት፣ ፕሮጀክቱ በስምንት ወራት ውስጥ መጠናቀቅ የሚችልበትን የግንባታ ስምምነት ከቻይና ኩባንያ ጋር መፈራረሙንና ሥራው መጀመሩንም አስታውቀዋል፡፡ የኦሞ አንድ ስኳር ፕሮጀክትም በአማካሪ ተጠንቶ፣ የዲዛይንና የስፔስፊኬሽን ሥራዎቹም እንደተገመገሙ ገልጸዋል፡፡ ከዚህ ቀደም እንደነበረው ዓይነት መጓተት ከእንግዲህ እንደማይኖር ያስታወቁት አቶ ወዩ፣ ኮርፖሬሽኑ ወደ ግል ቢዛወር የተሻለ ውጤት እንደሚመጣ ተስፋቸው መሆኑን አስታውቀዋል፡፡

የብረታ ብረትና ኢንጂነሪንግ ኮርፖሬሽን (ሜቴክ) በወሰዳቸው የግንባታ ፕሮጀክቶች ሳቢያ የደረሰው የተንዛዛና የተጓተተ ከመሆን አልፎ፣ ከፍተኛ የገንዘብና የፕሮጀክት ወጪ አስተዳደር ችግሮች በመከሰታቸው የ77 ቢሊዮን ብር ፕሮጀክት ፈተና እንደገጠመው ለመጀመሪያ ጊዜ ለሕዝብ ተወካዮች ምክር ቤት ሪፖርት ያቀረቡት አቶ ወዩና አጋሮቻቸው እንደነበሩ አይዘነጋም፡፡  

Source:  Reporter

Boeing’s hit

Informed Apr 10, 2019 at 02:35 PM

Informer:  Wegen
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The plane maker has lost almost $30 billion in market value since one of its passenger aircraft crashed in March. That’s more than the company is likely to lose through production cuts announced last week. Tom Buerkle explains why Boeing might yet shrink to fit its new valuation.
The plane maker has lost almost $30 billion in market value since one of its passenger aircraft crashed in March. That’s more than the company is likely to lose through production cuts announced last week. Tom Buerkle explains why Boeing might yet shrink to fit its new valuation.  

Source:  Reuters

Wall Street drops on U.S. trade tensions with EU, IMF global outlook

Informed Apr 10, 2019 at 01:58 PM

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Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook.
All three major U.S. stock indexes finished the session in the red, with the S&P 500 ending its eight-day rally.

U.S. President Donald Trump said he would impose tariffs on $11 billion of European goods, raising tensions over aircraft subsidies that threaten to morph into a wider trade war.

“The European tariff thing caught people by surprise, just as we were working through the China (trade) issues,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
Trade disputes, along with Britain’s potentially messy exit from the European Union, led the International Monetary Fund (IMF) to cut its global economic growth forecasts and warn that further cuts could follow.

“With the IMF ... you’re getting two data points that indicate that things may soften up over the next several months,” Tuz added. “It gives some people reason enough to take money off the table.”

“(But) we’re right on the cusp of earnings season which could change everything.”

First-quarter earnings season is set to begin in earnest, with Delta Airlines reporting on Wednesday and JPMorgan Chase & Co and Wells Fargo & Co results due on Friday, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in profits since 2016.
January-March earnings for S&P 500 companies are now seen falling by 2.5% from last year, according to Refinitiv data.

The Dow Jones Industrial Average fell 190.44 points, or 0.72%, to 26,150.58, the S&P 500 lost 17.57 points, or 0.61%, to 2,878.2 and the Nasdaq Composite dropped 44.61 points, or 0.56%, to 7,909.28.

Of the 11 major sectors in the S&P 500, all but utilities and communications services ended the session in the red.

Industrials posted the biggest percentage loss, falling 1.4%.

Boeing Co extended its slump after reporting a drop in deliveries related to the grounding of its 737 MAX jets. Its shares fell 1.5%.

The grounded Boeing aircraft led American Airlines Group Inc to trim its first-quarter revenue forecasts. The airliner’s stock slid 1.7%.
U.S. Steel Corp slid by 10.0% following Credit Suisse’s downgrade of the stock to “underperform.”

Wynn Resorts Ltd dipped 3.9% after ending takeover talks with Crown Resorts.

The Philadelphia SE Semiconductor index backed off from Monday’s record high, falling 1.1%.

Among winners, Facebook Inc rose 1.5% after Morgan Stanley upped its price target, citing growing revenues from its Instagram segment.
Levi Strauss & Co jumped 2.7% ahead of its first quarterly report since its IPO.

Walt Disney Co shares advanced 1.7% following Cowen’s upgrade to “outperform.”

Declining issues outnumbered advancing ones on the NYSE by a 2.74-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.

The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 28 new lows.

Volume on U.S. exchanges was 6.31 billion shares, compared to the 7.26 billion average over the last 20 trading days.  

Source:  Reuters


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