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Share to Twitter Share to Linkedin Upon return from a family vacation three summers ago, economist Ike Brannon remarked at a subsequent lunch about an individual at the resort who was almost literally covered in tattoos. This was an expensive resort, and Brannon wondered how he and his family were sharing the same pool. To be clear, Brannon’s wonderment about the inked up vacationer wasn’t of the nose-upturned variety; rather he wanted to know what profession afforded so much individuality and disposable income. It turns out his poolmate was a chef. To younger readers, the mention of chef likely elicits a “so what?” response. For those born in the 1970s or earlier, the response is different. We remember . We remember when chef was a “dead end” job for, yes, people with tattoos. They were referred to as cooks then. It’s a long or short way of saying that the economic thinker in Brannon was celebrating a happy truth about prosperity: it elevates all manner of … [Read more...] about Book Review: Dana Brown’s Entertaining and Insightful Memoir of Vanity Fair, ‘Dilettante.’

- A + A KUALA LUMPUR (May 19): Kobay Technology Bhd’s net profit surged to RM15.11 million for the third financial quarter ended March 31, 2022 (3QFY22), from RM7.07 million a year prior, carried by its manufacturing segment’s strong showing. Earnings per share jumped to 4.92 sen from 2.35 sen, its bourse filing on Thursday (May 19) showed. The precision metal components manufacturer’s quarterly revenue almost tripled or increased 184% to RM100.07 million from RM35.22 million a year ago, underpinned by its manufacturing segment’s improved contribution coupled with the contribution from its newly acquired pharmaceutical and healthcare products segment. Kobay’s manufacturing segment was its key contributor demonstrated by its revenue contribution of RM66.96 million, a 107% increase versus RM32.3 million a year ago. “The division delivered a strong performance compared with preceding year’s corresponding quarter, benefiting from the surge in demand from … [Read more...] about Kobay 3Q net profit more than doubles to RM15m

- A + A (May 19): Farmers from Iowa to Ukraine are grappling with surging diesel prices and an unsteady supply, forcing them to spend unprecedented sums on fuel in a chaotic market and raising concerns about the autumn harvest. In the US, where corn and soybean producers are rushing to sow after rains and cold temperatures forced delays, filling a tractor tank daily now costs some farmers US$1,000, twice what it was a year ago. And the most intensive part of the farming season is still ahead. “We’ve never experienced this level of price increase for farm diesel fuel,” said Iowa farmer Chris Edgington, president of the National Corn Growers Association. Cost per gallon has climbed to US$4.70 from US$2.20 a year ago, he said. In the breadbasket nation of Ukraine, three months into Russia’s military invasion, growers are tending fields amid brutal bombings of storage sites. One grain farmer said he has enough fuel to last two months. He’s nervous about diesel supplies … [Read more...] about Diesel’s 100% surge and scarcity deny farmers their ‘lifeblood’

KUALA LUMPUR: Malaysia's four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the finance ministry. The four dominant providers - Celcom Axiata Bhd, DiGi Telecommunications, Maxis Bhd and U Mobile - also want a review of the pricing model and network access plan offered by the agency, according to the May 9 letter seen by Reuters. ALSO READ: Ensuring the success of 5G Their objections to the government's proposal, which offered up to 70% of the country's sole 5G network operator spread among a wider group of companies, raise the risk of delays as the government aims to wrap up discussions on the stake sales by end-June. "We would not be able to justify a passive minority investment in this venture without being able to exercise influence and control to safeguard our investment," the letter said. Two people with direct … [Read more...] about Malaysia’s biggest telcos seek majority stake in 5G agency

For the year 2021-22, IOCL sold 86.407 million tonnes of products, including exports. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian Oil Corporation Ltd (IOCL) Ltd reported a 31.4 percent decline in the fourth quarter of 2021-22 (Q4FY22) to Rs 6,022 crore even as the company reported the highest ever net profit in the year ended March. The state-run oil marketing company reported revenue of Rs 2,06,461 crore during the quarter under review, as compared to Rs 1,63,733 crore logged in the corresponding quarter of the previous financial year. For the year 2021-22, the company reported a record high revenue of Rs 728,460 crore as against Rs 5,14,890 crore in the previous financial year, riding high on the surge in crude oil prices. The fourth quarter's bottomline was dented by a margin squeeze in petrochemicals and a loss … [Read more...] about IOC Q4FY22 net profit declines due to petrochemical margin squeeze, loss in auto fuel sale

This is an updated version of a story that previously ran on April 28th. When it comes to fraying nerves, this spring is really outperforming. Stocks are now in bear market territory. Interest rates -- and Covid cases -- are climbing. Inflation remains high. Geopolitical unrest continues. And all of it combined is sparking recession fears . No one's finances are immune. But there are ways to guard against losses and make the most of what you have. Lock in a new job now With ultra-low unemployment and plenty of openings , it's a job seeker's market right now. But if there's a recession, that could change quickly. So make hay while you can. Read More "If you are not working, or are looking for a better position, now would be a good time to take advantage of the very strong job market and lock in a position," said Florida-based certified financial planner Mari Adam. To help in your search, here are some resume dos and … [Read more...] about Plunging stocks, recession fears. Here’s how to protect your money

New York (CNN Business) Boeing is the world's largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast and breaking things, would take a back seat to the move level-headed and experienced Boeing. That, however, did not come to fruition. Errors, delays and failures beleaguered the spacecraft's development. There was a botched test flight, software issues, sticky valves and a lawsuit involving an executive at a subcontractor who is said to have lost his leg during a Starliner test. After initially giving SpaceX closer scrutiny than Boeing, officials later said they regretted that as many of Starliner's issues slipped through the cracks. SpaceX, Elon Musk's relatively new entrant into the spaceflight business, ultimately beat Boeing to the … [Read more...] about Boeing tries to catch up to SpaceX after plenty of drama

India grew at the fastest pace of any major economy in the July-September quarter but economists said disruptions from the emerging Omicron coronavirus variant risked slowing the recovery, especially given India's low vaccination rates. Asia's third-largest economy has rebounded strongly from last year's deep pandemic-induced slump, boosted by vaccinations and stronger government spending, economists said. But new COVID-19 variants, a global slowdown and rising manufacturing prices all pose risks to growth. Gross domestic product expanded 8.4% in the September quarter from a year earlier, statistics ministry data showed on Tuesday, in line with 8.4% growth predicted in a Reuters poll and compared with a 20.1% expansion in the previous quarter. "Data clearly shows that corporate income and profit are above the pre-pandemic level," K.V. Subramanian, chief economist at the finance ministry told reporters after the data release. He said double-digit growth was expected in the … [Read more...] about India grows fastest among major economies, Omicron risks seen

Share to Twitter Share to Linkedin When a part of the world is as dominated by mountains as Trentino in Italy’s glorious north undeniably is, it can be easy to forget there are four seasons in every year. Standing in late winter atop the tangle of ski runs that drape themselves conveniently across the precipitous slopes above the town of Madonna di Campiglio , casting an appreciative eye over a far-reaching blanket of crisp white snow ever so slightly yellowed by the drifting sands of the Sahara Desert blown in from afar on invisible winds, and shadowed by the towering peaks of the Dolomite mountains behind me and Alps in front, it’s hard to conceive how this would all look outside of winter’s icy grip. As my mind wanders and contemplates the awesomeness of the environment, my local mountain guide, Marco Maganzini, snaps me out of my reverie with another story of year-round derring do that unwittingly answers my question. The truth is, this place is a … [Read more...] about Your Essential Guide To Trentino: Italy’s Year-Round Natural Playground

File photo Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × India’s leading generic drug maker Dr Reddy’s Laboratories has on May 19 reported a fall of 76% in consolidated post-tax profit at Rs 87.5 crore for the March 2022 quarter, down from Rs 362.4 crore in the same quarter of last fiscal. The revenue for the quarter under review saw a growth of 15% at Rs 5,436.8 crore, up from Rs 4,728.4 crore a year ago. For the fiscal ended March 2022, the drug maker reported a growth of 37% in post-tax profit at Rs 2,356.8 crore as against Rs 1,723.8 crore in the previous fiscal, while it saw revenue growing by 13% at Rs 21,439.1 crore (Rs 18,972.2 crore). The company has attributed the adverse performance to certain significant changes in the market conditions for certain of the products forming part of its global generics and … [Read more...] about Dr Reddy’s Q4 profit slides 76% due to impairment charges, firm to focus on growing core businesses