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Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on December 10 that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.The signing ceremony in Mexico City launched what may be the final approval effort for US President Donald Trump's three-year quest to revamp the 1994 North American Free Trade Agreement (NAFTA), a deal he has blamed for the loss of millions of US manufacturing jobs.The event at the National Palace was attended by Mexico President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, US Trade Representative Robert Lighthizer, and US White House adviser Jared Kushner.Close The result of a rare show of bipartisan and cross-border cooperation in the Trump era of global trade conflicts, the deal was inked the same day as he became the fourth US president in history to face formal impeachment. related news … [Read more...] about US, Canada and Mexico sign new agreement to replace NAFTA

Authenticity is a hot word in leadership discussions. The modern workplace is more informal and less hierarchical than in the past. Command-and-control management doesn’t fly with people hired for their creative brainpower. They want leaders who inspire them, and give them reasons for working beyond a paycheck. advertisement advertisement But all this requires a nuanced understanding of what “authenticity” should mean. In a business context, it doesn’t mean the “be yourself” phrase that probably pops into your mind first. For evidence of this, consider that many of Donald Trump’s supporters praise him for what they view as authenticity. He says what he thinks. He doesn’t seem to care what other people think of that. Yet business leaders emulating this approach might quickly find themselves in trouble. “Being authentic is much more than ‘being yourself,’” says Gareth Jones, coauthor of Why Should Anyone … [Read more...] about What Does Authenticity Really Mean?

Last year, the world-port-rankings changed when Ningbo-Zhoushan in Southeast China became the largest port in the world. By then, it had built trade channels with over 600 ports spread across 100 countries. The port, which handles all types of cargo - container, liquid and dry bulk – accounted for an annual cargo throughput of over a billion tonnes last year.“The total cargo throughput of Ningbo Zhoushan Port was 1.08 billion metric tonnes in 2018,” said a port official who did not want to be named.Despite the overall slowing of global trade, the official said cargo volumes at Ningo-Zhoushan would be higher this year.Close Ningo-Zhoushan has managed to race past Shanghai (see chart). Around a decade ago, the largest port used to be Singapore. Then it became Shanghai and now it is Ningbo-Zhoushan. What is even more interesting is that seven of the top ten ports are now from China. related news Oil prices fall as US crude stocks jump Trump will have final say … [Read more...] about Ningbo’s rise as the world’s largest port has lessons for India

The Enforcement Directorate (ED) has attached properties worth Rs 1,100 crore related to the family of late smuggler and drug trafficker Iqbal Mirchi on December 11.The agency filed a chargesheet worth 12,000 pages for the case where it named 16 persons including Dheeraj Dhawan, non-executive director of Dewan Housing Finance, Mirchi's wife Hazara Menon and his two children.Also read |  Iqbal Mirchi PMLA case: ED files charge sheetClose In a press release issued on December 11, the agency said Mirchi was an international drugs dealer and smuggler who had amassed huge wealth and acquired immovable properties and businesses across the globe. related news Walmart opens 28th wholesale store at Kurnool in AP Banking, telecom on road to recovery: Navneet Munot, SBI Mutual Fund CIO Maharashtra cabinet nod to raise contingency fund to Rs 5,350 cr After carrying out a detailed investigation under the Prevention of Money Laundering Act (PMLA), some of these properties … [Read more...] about ED attaches properties worth Rs 600 crore in connection with Iqbal Mirchi case

Rajiv JamkhedkarSerengeti VenturesHave you ever wondered what it is about people who have security and peace about their money and wealth? I know of a big factory-owner, worth over Rs 100 crores, yet does not have peace of mind about his money. The reason - his entire life is built around his factory, his business. When his business does well, he is happy. If bad times reduce his cash-profits, he becomes insecure.Rich people know the secret to wealth and peace of mind - and that is - having many cash-streams coming into their lives (and accounts!) instead of just one. One cash flow - say a salary or profit from a business - will not provide security in all times. On the other hand, multiple cash-flows provides stability and security. In case one cash-flow vanishes or reduces, the other one gives you comfort and sustenance.At this point you may ask: “I am an ordinary middle-class worker. How can I do multiple jobs to create multiple cash-flows?” Let us examine the types of … [Read more...] about How to create multiple income streams and live better