Business
Coronavirus Hastens the Rise of the Cashless Economy
Across the globe, Covid-19 is fueling the rise of the cashless economy as employees and consumers alike worry that the direct handling of paper currency could spread the coronavirus.But while the change means convenience and fewer virus worries for some, concerns abound for people who don’t have sufficient bank, credit or digital access. In the U.K., the consumer…
Read MoreThe Big 4 audit firms keep failing. Now they’re being forced to change
The UK accounting watchdog has given Deloitte, EY, KPMG and PwC four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals.The move is meant to ensure that audit practices are focused on “delivery of high-quality audits in the public interest,” and do…
Read More5 Stoic Lessons On Time Management
American jazz icon Miles Davis once said, “Time isn’t the main thing, it’s the only thing.” Seneca once wrote that it’s not that we have a short time to live, but that we waste a great deal of it. We all envelop ourselves in various forms of escapism, hoping either to postpone our responsibilities or avoid them altogether.…
Read MoreTesla Overtakes Toyota as the World’s Most Valuable Automaker
Tesla Inc. displaced Toyota Motor Corp. as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that’s relied on internal combustion engines for more than 130 years. Shares of Tesla, which have more than doubled since the start of the year, climbed as much as 3.5% in intraday…
Read MoreWhy Deep Investment In Automation Results In More Jobs
“We can see that industrial robots increase employee wages and increase productivity and that the number of jobs for low-skilled employees, and also to some extent for the medium-skilled, decreases, while job opportunities for the highly skilled increase,” the authors say. “The process of machines replacing human labor is not something that is new,” they say. “It’s been…
Read MoreEmergency Virus Spending Will Push Global Debt Ratio Above 100%
Emergency spending by governments to tackle both the health calamity and economic fallout from the coronavirus is set to push the global debt ratio above 100% for the first time. The jump in the burden this year alone is forecast by the International Monetary Fund to be close to 19 percentage points, dwarfing the increase…
Read MoreA collection of 23 years of Jeff Bezos’s writing to be published in November
Jeff Bezos is the most important business leader of our time, and if you want to know how he got that way, you can find it in the very first letter he wrote to shareholders in 1997. Focus on the long term; obsess over customers; make bold not timid choices; set a high bar in…
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