Category: business online

Pakistan’s central bank to adopt a wait-and-see approach to spur business confidence, governor says

  • Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday.
  • The State Bank of Pakistan this week kept its policy rate unchanged at 7%.
  • Baqir said that the central bank does not see any demand-side pressure on inflation in the near term due to the coronavirus pandemic

Pakistan’s central bank is adopting a ‘wait-and-see’ mode, says governor

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SINGAPORE — Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday. 

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After reducing by 625 basis points since March, the State Bank of Pakistan this week kept its policy rate unchanged at 7%. In its policy statement, the central bank said that business confidence and the growth outlook have improved as

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Zinda Tilismath Maker Takes Unani Medicine Business Online with E-Commerce Site

September 23, 2020 – Karkhana Zinda Tilismath, the makers of Zinda Tilismath and allied products has gone online. The launch of the firm online will help everyone who has been restricted to their homes because of the pandemic. They can now source the medicines they have trusted for years online.

Karkhana Zinda Tilismath is a Unani-medicine manufacturer that has been in business for 100 years. It has now launched its presence online in the form of an e-commerce site where customers can buy products online and also read detailed information about the products. The medicines offered by Karkhana Zinda Tilismath are all of herbal origin.

The firm’s popular products can thus be bought online, including medicines such as Zinda Tilismath, which is a general purpose medicine, Farooky tooth powder, Zinda balm and Zint throat soothers. They can be purchased in various package sizes and their prescription, contents and methods of

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Andy Cohen Reacts To Rumors Teddi Mellencamp Was Fired After Business Backlash

Teddi Mellencamp announced she was leaving The Real Housewives of Beverly Hills after three seasons. The accountability coach confirmed the news herself on Instagram with a straight to the point message. Her departure coincided with backlash over her business venture that alleged she put people’s lives at risk. Rumors started swirling that Bravo axed her from the reality series due to the controversy and Andy Cohen is now reacting.

Andy Cohen and Teddi Mellencamp
Andy Cohen and Teddi Mellencamp | Charles Sykes/Bravo/NBCU Photo Bank via Getty Images / Nicole Weingart/Bravo/NBCU Photo Bank/NBCUniversal via Getty Images

“Now there’s a whole controversy online about her business,” Cohen said on his SiriusXM show Radio Andy. “That’s going on now. I do want to say, people are speculating that the online chatter about her business led to her dismissal. I just want to say because I think it’s important that one had absolutely nothing to do with the

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Why you shouldn’t buy from a supplier that competes with you for business

Even before the COVID-19 pandemic triggered a sudden, steep rise in national and international bandwidth demand in South Africa, Internet Service Providers (ISPs), wireless ISPs (WISPs) and mobile network operators (MNOs) were competing fiercely for enterprise and domestic customers seeking ever-lower cost and more reliable connectivity.

The competition has now become even more intense, with increasing numbers of South Africans needing high bandwidth connectivity from home to support remote working, and their social networking and online entertainment needs.

So, the news that award-winning capacity wholesaler WIOCC is continuing its policy of not competing for end-user business should be very welcome to all existing players.

Instead of competing with them, WIOCC will continue to invest the proceeds from its sales in South Africa into further enhancing the capacity, reach and capabilities of its hyperscale network – for the benefit of all its customers.

Unique connectivity proposition

This committed pan-African wholesaler has

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Trump tech war with China changes the game for US business

President Donald Trump’s war on Chinese technology firms has changed the ground rules for global business, underscoring a new political reality that could have negative repercussions for American firms.

The White House moves against the popular Chinese-owned apps TikTok and WeChat and the tough sanctions on tech giant Huawei highlight the struggle for technology supremacy between the two economic giants, under the guise of national security.

The economic relationship has been roiled by an unprecedented campaign by Trump that has included tariffs, threats of bans and economic sanctions on Chinese tech firms.

“At the heart of it is a struggle to dominate emerging technologies,” said Doug Barry of the US-China Business Council.

“The country that succeeds will realize huge economic and geopolitical benefits.”

But many analysts argue that Trump’s actions could backfire on the US tech sector and other American businesses by encouraging China and other countries to respond in

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Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank Tinkoff

Shares in TCS Group Holdings rose almost 7% on Wednesday, after the Russian bank said it is in talks to sell its online bank Tinkoff to Russian technology giant Yandex for almost $5.5 billion.

The two companies said late on Tuesday they had come to an agreement in principle on a cash-and-shares offer that would value London-listed Tinkoff at $5.48 billion, or $27.64 a share. The offer represents an 8% premium over Tinkoff’s closing share price on Sept. 21.

Yandex
YNDX,
-1.90%

 stock, which is listed on Nasdaq, was set to rise for a second day running, with shares up almost 4% in premarket trading. The shares soared 12% on Tuesday after the talks were disclosed.

Shares in Tinkoff’s parent company TCS Group Holdings
TCS,
+6.15%

 rose 6.92% in London trading on Wednesday.

The proposed deal, which still needs to be completed, will reshape Russia’s banking and tech sectors, and

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KKR to buy online contact lens retailer 1-800 Contacts

(Reuters) – KKR & Co Inc has agreed to acquire 1-800 Contacts from investment firm AEA Investors LP, the online contact lens retailer announced on Wednesday, in a deal that a source said was worth more than $3 billion.

Buyout firm KKR, which is looking to cash in on growing demand for digital sellers, earlier this year bought a majority stake in Coty Inc’s professional and retail hair unit and Dutch vacation parks firm Roompot.

Like many e-commerce companies, the Draper, Utah-based 1-800 Contacts has seen its customer base and sales surge during the COVID-19 pandemic, as customers turned to its online services due to virus-led closure of brick-and-mortar stores.

In contrast, revenue at eyewear giant EssilorLuxottica and U.S. optical store chain National Vision Holdings Inc nearly halved in the second quarter.

“KKR brings scale, unlike what we have had previously. At this stage of the growth of our business,

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Business Briefs: Dallas YMCA Launches Racial Equity and Innovation Centers

The YMCA of Metropolitan Dallas has received a $100,000 grant from Reliant to create Racial Equity and Innovation centers in nine Dallas YMCA locations. The funding will support the centers, as well as the Catalyst Initiative, the Y’s response to COVID-19.  

“It is consistent with the Y’s mission that we will lead in conversations about racial injustice and demand change in our communities,” said Curt Hazelbaker, president and CEO of the YMCA of Metropolitan Dallas. “At this time, we are called to do more. We must look closely at the present, and demand a reality where race does not dictate health, longevity, safety, or well-being. We are grateful Reliant is joining us in our efforts to enact real change across North Texas. When we come together, we can and will make our communities better.” 

The centers will work to help combat racial inequities in the community, with the ultimate

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Online business creates songs made to order

NATIONAL (CBS) When Kate moved to Music City to pursue her dream, she didn’t expect to be creating custom songs at home. “It’s definitely different from what first grade me what thinking when I picked up a guitar and was like ‘I’m going to be Hanna Montana,’ but it’s still pretty fun,” said Kate.

She’s about to graduate from Belmont University as a songwriter and it’s a tough time for people in the music industry since COVID-19 has disrupted their livelihood. That’s why some artists are making personalized songs to pay the bills.

“Well Songlourious has been my saving grace, I haven’t had to do Uber or any other app like that, I get to do one which is my favorite thing which is songwriting,” said Kate.

Her

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4 Expert Tips to Internationalize Your New Business


7 min read

Opinions expressed by Entrepreneur contributors are their own.


Internationalization is an ambitious but attainable step in any startup’s lifecycle. Once considered to be at the tail-end of a business journey, companies nowadays have the luxury of being able to internationalize relatively soon after they launch. The internet has been the biggest accelerator of startups establishing an overseas presence faster, while the recent COVID-19 crisis has proven that there is even greater scope for small ventures to successfully branch into new markets.

According to a survey from Wells Fargo, 87 percent of US companies are optimistic about expanding internationally for long-term growth. However, having the tools to expand, and knowing how to do it properly—without falling into legal trouble, failing to understand consumer culture or ignoring technological differences—are two separate things. If you rush into foreign waters unprepared and insensitively, you could jeopardize your existing

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