BVI Companies Now Required to File an Annual Return
Recent Amendments to the BVI Business Companies Act Are Now in Force – BVI Companies Now Required to File an Annual Return What is now required from each BVI company? The BVI Business Companies (Amendment) Act, 2022 came into effect on 1 January 2023 and includes several significant changes that will impact all companies incorporated […]
BVI Voluntary Liquidations Now Require a Locally Resident Liquidator
Recent Amendments to the BVI Business Companies Act Are Now in Force – BVI Voluntary Liquidations Now Require a Locally Resident Liquidator Recent amendments to the BVI Business Companies Act in the British Virgin Islands (“BVI”) introduces new eligibility criteria for persons wishing to act as Liquidator for solvent liquidations of BVI companies. Previously, there […]
Explainer: What is the FDIC’s deposit insurance fund used to backstop failed banks?
The Federal Deposit Insurance Corp (FDIC) and its flagship deposit insurance fund have been active since the Great Depression to provide an orderly resolution for failed banks and to reimburse certain customer accounts. The FDIC said on Monday it would backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire failed Silicon Valley Bank (SIVB.O), triggering an estimated […]
US firms ‘more negative’ about doing business in China
US companies are “more negative than they’ve been in a long time” about doing business in China, according to the president of the American Chamber of Commerce in China (AmCham China). As tensions continue to grow between the world’s two biggest economies, Michael Hart says that the rivalry has “made business very challenging”. The governments […]
Not Even a World Cup Win Can Save Argentina’s Economy From Decline
Argentina’s economy contracted more than expected in December even after the country won its much-celebrated third World Cup title, confirming the view that the nation will likely enter recession later this year. Economic activity contracted 1% in December from the prior month, the fourth straight month of declines, according to government data published Thursday. From […]
European Commission bans TikTok on staff devices
Staff working at the European Commission have been ordered to remove the TikTok app from their phones and corporate devices. The commission said it was implementing the measure to “protect data and increase cybersecurity”. TikTok, owned by Chinese company ByteDance, has faced allegations that it harvests users’ data and hands it to the Chinese government. […]
Growing trees remotely: a high-impact, sustainable solution for business
Research shows that a significant proportion of the population places the responsibility for achieving sustainability goals firmly on businesses. Today, companies are beginning to understand just how crucial it is to respond to that expectation. But finding a meaningful way to contribute that fits neatly into existing business operations and manages to inspire customers, clients […]
I spent 5 years interviewing 233 millionaires – here’s the No. 1 career move that made them rich
I spent five years studying and interviewing 233 millionaires to learn about their habits and the way they think. Work was a big topic: 51% were entrepreneurs, 28% had traditional 9-to-5 jobs, and 18% were senior-level executives at large companies. But they all had one thing in common: They quit their mid- to late-career jobs, saying they felt […]
‘The biggest reason’ why people won’t switch banks
Very few people feel like they belong at their banks. So why won’t many customers switch financial institutions? One bank CEO think he knows why. “I think the biggest reason people don’t change banks — and of course, I’m biased on this, but I believe it in my bones — they just don’t know what […]
The word that made stocks fall in love with the Fed
“Disinflation.” No fewer than a dozen times on Wednesday did Federal Reserve Chair Jerome Powell say the word “disinflation” during his latest press conference. And Powell’s repeated discussion of this dynamic helped supercharge a stock market rally following the central bank’s decision on Wednesday to raise interest rates by another 0.25%. When the closing bell rang on Wall Street, […]