World Economic Magazine Inc.

09/12/2024

https://worldecomag.com/issue9/

World Economic Magazine - Simplifying Global Financial Markets

08/30/2024

| We are glad to collaborate with Team Marksmen Network as a Media Partner for the inaugural edition of Business Leadership Summit 2024.

Join us as we bring together visionary leaders and trailblazers to share insights, inspire innovation, and shape the future of business.

Stay tuned for exclusive updates and coverage!

📅 Date: September 2024
📍 Location: Mumbai

For more details write us at: [email protected] or visit our website: https://teammarksmen.com/conclaves/2024/Business-Leadership-Summit-2024/

Register now: https://teammarksmen.com/conclaves/2024/Business-Leadership-Summit-2024/register.php

08/29/2024

We are going to Blockchain Life 2024 in Dubai!
On October 22-23, more than 10,000 of the most influential people will meet for the world's leading web3, cryptocurrencies and mining event.

We'll be there too, catching powerful insights on the upcoming Bull Run.

Feel the level of the event by its speakers:
🔹Justin Sun - Founder of TRON
🔹Paolo Ardoino - CEO Tether
🔹Yat Siu - Co-Founder of Animoca Brands
🔹Pascal Gauthier - CEO Ledger
🔹Dr. Marwan Alzarouni - CEO Dubai Blockchain Center
🔹Xinxi Wang - Co-Founder of Litecoin Foundation
🔹Sunny Lu - CEO Vechain
🔹Sergei Khitrov - Founder of Jets Capital, Listing.Help
🔹Arthur Breitman - Co-Founder of Tezos
🔹Eowyn Chen - CEO of Trust Wallet
🔹Sunny Aggarwal - Co-Founder of Osmosis Labs
🔹Kostas Chalkias - Co-Founder of Sui (Mysten Labs)
🔹Sasha Plotvinov - Founder of Notcoin
🔹Mustafa Al-Bassam - Co-Founder of Celestia Labs

By the way, all speeches will be translated into 70 languages for free.

👉 Get a 10% off with code 'worldecomag' at https://blockchain-life.com/?utm_source=facebook&utm_medium=referral&utm_campaign=worldecomag

08/23/2024

On Thursday, Barclays (BARC.L) improved its longer-term earnings projection and announced a new 750 million pound ($957 million) share repurchase. This announcement was made in part because to an increase in trading income that partially offset a 9% decline in profit during the first half of 2024.

Compared to a target of 10% or more in 2024, the British bank now projects that it will make a return on tangible equity (ROTE) of more than 12% by 2026 and earn 30 billion pounds in revenue annually by that year.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

08/21/2024

Katrina Lake, founder and CEO of Stitch Fix, revolutionized the retail and technology sectors by integrating data science with fashion. Her company provides personalized clothing selections based on algorithmic inputs and stylist insights, redefining how people shop for clothes.

Lake's commitment to challenging traditional retail models, her transparent leadership style, and her emphasis on ethical, customer-focused business practices have positioned Stitch Fix as a leader in personalized fashion.

Here are five important business lessons you can learn from Katrina Lake.

08/19/2024

An first estimate released by the Commerce Department on Thursday indicates that the second quarter's U.S. economic activity was far stronger than anticipated, driven by robust consumer and government spending as well as a sizable rise in inventory.

After accounting for inflation and seasonality, the real gross domestic product—a measure of all the goods and services generated between April and June—grew at an annualized rate of 2.8%. Dow Jones polled economists, who anticipated growth of 2.1% after 1.4% in the first quarter.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

08/17/2024

Daniel Lubetzky, founder of KIND Snacks, has not only created a successful health snack brand but also pioneered a business philosophy that stresses kindness and social impact. His dedication to producing high-quality, healthy snacks while promoting kindness and empathy through business practices offers a compelling model of how companies can do well by doing good.

Here are five important business lessons you can learn from Daniel Lubetzky.

08/16/2024

The death of a Hamas commander in Tehran on Thursday raised concerns that Israel and Iran may soon engage in direct combat, which caused U.S. crude oil futures to spike above $78 per barrel.

In reaction to the murder of Ismail Haniyeh, the political leader of Hamas, Iran's Supreme Leader Ayatollah Ali Khamenei has issued an order for a direct strike on Israel.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

08/14/2024

Tim Cook, CEO of Apple, has successfully taken the helm after Steve Jobs, focusing on sustainability, privacy, and expanding Apple's product ecosystem. His operational expertise and emphasis on ethical business practices have helped Apple continue its legacy of innovation while leading the industry toward greater responsibility in environmental and privacy issues.

Here are five important business lessons you can learn from Tim Cook.

08/13/2024

Experience the future of banking at the 15th Edition Connected Banking Summit - 2024! 🌟

Join us in Addis Ababa, Ethiopia, on August 14, 2024, for a day of insights from leading banking professionals. Dive into the latest innovations in AI, mobile banking, blockchain, and more. Connect with industry pioneers and be a part of the transformation in the banking sector.

Don’t miss out - secure your spot now: https://worldecomag.com/events

08/12/2024

While maintaining a stable short-term interest rate on Wednesday, Federal Reserve officials hinted that inflation is approaching its objective, which may pave the way for additional rate reduction in the future.

Nonetheless, central bankers did not provide any overt signals that a cut is ready to happen, instead sticking to language that suggests continued concerns about the state of the economy, even as things are improving. They also kept their statement that further development is required prior to fee reductions.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

08/10/2024

Reid Hoffman, co-founder of LinkedIn and a renowned venture capitalist, has significantly shaped the way professionals connect and engage worldwide. His philosophy of "the start-up of you" encourages individuals to manage their careers with the mindset of an entrepreneur, embracing risk and innovation. Hoffman's insights into networking and strategic investments have made him a key influencer in Silicon Valley.

Here are five important business lessons you can learn from Reid Hoffman.

08/09/2024

Despite lowering its full-year sales projection, Moderna announced second-quarter revenue that above expectations on Thursday. The company attributed this to lower-than-expected sales in Europe, a "competitive environment" for respiratory vaccines in the United States, and the possibility of deferring foreign revenue into 2025.
The biotech company had previously predicted $4 billion in product revenue for 2024; however, it now projects revenue to be between $3 billion and $3.5 billion.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

08/07/2024

Emily Weiss, founder of Glossier, turned a beauty blog into a cosmetics empire by engaging directly with her audience and creating products that reflect their desires. Her approach to building a community-driven brand has set a new standard in the beauty industry, demonstrating the power of listening to and empowering consumers. Weiss's focus on high-quality, inclusive products and innovative marketing strategies continues to drive Glossier's success.

Here are five important business lessons you can learn from Emily Weiss.

08/05/2024

Witness how our clients advocate for World Economic Magazine, amplifying our global influence. Explore the significant impact we have on business and finance across the world. Join us in celebrating excellence and unparalleled reach! 🌍

For more information, visit our website - https://worldecomag.com

08/02/2024

According to Marianne Lake, CEO of JPMorgan Chase's consumer and community banking division, the bank has set a lofty target of obtaining 15% of all consumer deposits in the nation.

According to the most recent data available, as of June 2023, the bank has an 11.3% share of retail deposits in the United States. Additionally, the lender hopes to offer credit cards that make up 20% of all purchases made in the country, up from the existing 17%.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

07/29/2024

On Tuesday, Jerome Powell, the chair of the Federal Reserve, expressed concern that an extended period of high interest rates could endanger economic expansion.

In anticipation of a two-day visit on Capitol Hill this week, the head of the central bank stated that although the job market has cooled recently, the economy and labor market are still robust. Powell mentioned a slight decrease in inflation, which he claimed policymakers are still committed to getting down to their target of 2%.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

07/26/2024

Wednesday saw a roughly 1% increase in U.S. crude oil prices, surpassing $82 a barrel as U.S. inventories decreased and OPEC continued to forecast robust demand driven by this year's higher economic growth.

According to the Energy Information Administration, U.S. oil inventories decreased by 3.4 million barrels last week, while gasoline inventories decreased by two million barrels. However, the market's suggested demand for oil, as indicated by the products provided, decreased by 334,000 barrels per day.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

07/22/2024

June saw another slowdown in inflation, which helped consumers' wallets even more.
The Bureau of Labor Statistics said on Thursday that the consumer price index increased by 3% in June 2024 compared to June 2023, which was lower than the 3.3% annual inflation rate in May.

Although inflation hasn't nearly returned to the long-term goal set by policymakers of 2%, it has considerably decreased from its peak of 9% over the previous two years.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

07/19/2024

Fresh inflation statistics from the United States shocked the market on Thursday, causing the dollar to drop by about 2% vs the Japanese yen.

At approximately 3 p.m. London time, the yen was trading at 158.55 against the US dollar, having moved closer to 161.52 earlier in the day. Since late 2022, this was the yen's largest daily increase.

For more information, visit us at - https://worldecomag.com
Follow us now & stay updated.

07/17/2024

07/17/2024

O Banco Interatlântico foi distinguido como Best Digital Bank Cape Verde 2024, pela World Economic Magazine Inc.
Prémio que reconhece o trabalho que tem sido desenvolvido na digitalização dos serviços do Banco, a qual tem permitindo dar resposta mais ágil e direta aos clientes.

07/15/2024

Be part of the transformation at the 15th Edition Connected Banking Summit - 2024! 🌟

Join us in Addis Ababa, Ethiopia, on August 14, 2024, to learn from top banking experts and explore the latest in AI, mobile banking, blockchain, and more. Network with industry leaders and drive the future of banking.

Secure your spot today - https://worldecomag.com/events

07/04/2024

Celebrating the Legacy of Independence: Happy Independence Day from World Economic Magazine! 🇺🇸

Today, we commemorate the historic passage of the Declaration of Independence by the Continental Congress on July 4, 1776, a milestone that established the foundation of our nation and its economic freedom.

The economic implications of independence were profound. The colonies sought to escape the constraints of British taxation and trade policies, paving the way for a free and prosperous economy. The entrepreneurial spirit and innovative drive that followed laid the groundwork for the economic powerhouse that the United States is today.

As we celebrate with fireworks, parades, and family gatherings, let's remember the critical role of economic freedom in our nation's history. The principles of liberty and opportunity continue to empower us, driving progress and prosperity.

Wishing everyone a happy and prosperous Independence Day! ✨

06/25/2024

Innovate | Protect | Prevail

Join us at the Asian Brand Protection Congress for Expert Insights,
Strategic Networking, and Innovative Solutions.

Date: 26-27 June, 2024
Location: Resorts World Convention Centre, Leo Room (Level 1)

Register Now: https://bit.ly/3xMtsTI
For more enquiries: https://bit.ly/4ac9Shb
Email us at: [email protected]

06/24/2024

Sara Menker, founder and CEO of Gro Intelligence, is transforming agricultural data analytics by harnessing the power of big data to address global food security challenges. Her company provides insights that influence agricultural policy and practice worldwide. Menker's visionary approach to blending technology with agriculture illustrates how innovative thinking can lead to sustainable impacts on a global scale.

Here are five important business lessons you can learn from Sara Menker.

06/22/2024

According to ECB policymaker Francois Villeroy de Galhau, cross-border mergers between European banks need to be just as simple as mergers within a single nation. This was stated on Wednesday. The banking markets are still mostly based on national borders, despite the European Union centralizing bank regulation and oversight.

The governor of France's central bank, Villeroy, stated, "It would be desirable, logic and normal that cross-border mergers within a monetary union would be as simple and accessible as a merger (within the same country)".

For more information, visit us at - https://worldecomag.com

Follow us now & stay updated.

06/21/2024

Kevin Systrom, co-founder of Instagram, revolutionized social media with a platform that emphasized simplicity and visual communication. Under his leadership, Instagram became synonymous with photo sharing, emphasizing user experience and engagement. Systrom's approach to integrating innovative features, such as filters and stories, while continuously adapting to user feedback, helped Instagram grow rapidly and maintain a leading position in a competitive market.

Here are five important business lessons you can learn from Kevin Systrom.

06/19/2024

In the first quarter of 2024, profits for the U.S. banking industry increased by 79.5% to $64.2 billion. This was mainly due to big banks not having to pay billions in extra fees that were required of them in order to repay expenses related to bank failures that occurred last spring.

The majority of the increased profits, according to the Federal Deposit Insurance Corporation, were caused by banks' failure to recognize that assessment, which decreased bank profits by the end of 2023. Businesses also benefited from increases in noninterest revenue and decreased provision costs.

For more information, visit us at - https://worldecomag.com

Follow us now & stay updated.

06/18/2024

It's time to shine! ✨ Join us as we celebrate the pioneers and game-changers in the global economy. 🎖️ Nominate your institution or organization for the prestigious World Economic Magazine Awards and showcase your commitment to excellence!

Nominate here - https://worldecomag.com/nominations