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In those first few fraught hours of February 24th, after Russian forces invaded Ukraine, Anastasiia Smyk, CEO and co-founder of aviation software startup Input Soft , recalls being in a state of shock and incredulity. She was in Kyiv at the time, but her 11-strong team was scattered around the country. advertisement advertisement “The first week we were just thinking about how to survive at a human level,” says the 25-year-old entrepreneur. “So we decided to rent a house for our team in the Carpathian mountains, in the [safer] western part of Ukraine, and told them they could go there with their families to wait until we knew more about what was happening. Some of them went. Others were unable to get out.” One of those left behind was the startup’s accountant, whose home town of Kherson, in southern Ukraine, has been under Russian occupation since early March. On May 3rd, when the internet and mobile communications went down, she decided to risk her … [Read more...] about The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

BANGKOK, June 25 (Reuters): Thailand's inflation will remain elevated this year but should fall back into the central bank's target range of 1-3% in the second quarter of next year, a bank official had announced, South-East Asia's second-largest economy is expected to return to its pre-pandemic level late this year or early next year, Sakkapop Panyanukul, a senior director at the Bank of Thailand, told a trade seminar. The BOT predicts headline inflation of 6.2% this year and 2.5% next year. Thailand's economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency had said earlier. Exports, a key driver of growth, still had momentum despite the impact of Russia's invasion of Ukraine on the global economy, Danucha Pichayanan, head of the National Economic and Social Development Council, told a business seminar. "The Russia-Ukraine issue is a risk but it's also an opportunity, … [Read more...] about Thai inflation seen back to target in Q2 2023, says central bank; economy expected to grow by 3% in 2022

Share to Twitter Share to Linkedin Rarely have the stakes for a Group of Seven summit been so sky-high and the expectations for success so deep in the mud. Even the agenda for the June 26-28 confab in the Bavarian Alps suggests the G-7’s worldview is currently a million miles wide and one inch deep. Look, it’s grand that the host, Chancellor Olaf Scholz of Germany, has put together a multifaceted program for the leaders of key industrialized democracies. Few can quibble with discussions on helping Ukraine and additional Russian sanctions. Topics from climate change to food security to gender equality are very worthy of focus. But the G-7’s best shot for impact and relevance on June 29, the day after the summit, is something almost completely absent from the pre-summit conversation: a grand deal on currencies. Granted, foreign-exchange issues tend to be handled a bit lower down the political food chain, by finance ministers and central bank … [Read more...] about To Put The G7 Back In Business, Strike A New Deal On The Dollar

Share to Twitter Share to Linkedin Elon Musk has gained 17 million Twitter followers since April, when he first announced plans to buy the social media company. But there is one billionaire who still has even more followers than he does. Oh, the power of an enormous Twitter following paired with an enormous fortune. Elon Musk—the world’s richest person—has 99.5 million Twitter followers who are exposed regularly to his rants and musings. He uses Twitter as a publicity tool (journalists regularly rush to cover whatever he says) and as a bully pulpit, complaining about regulators (including the Securities and Exchange Commission ), people he doesn’t like (that “pedo guy,” a term Musk used in 2019 to describe Vernon Unsworth, a British cave diver who helped rescue a trapped junior football team in Thailand. Unsworth sued for defamation and lost ) and politicians. President Joe Biden , Sen. Elizabeth Warren and Sen. Bernie Sanders , to whom he … [Read more...] about Here Are The Billionaires With The Largest Twitter Following