
Increasing workforce effectiveness and competency via technology
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
March 4, 2022: -On Wednesday, shares of Russia’s Sberbank plunged 95% on the London Stock Exchange to trade as less as a penny after the bank announced that it was pulling out of the European market.
Russia’s huge lender said its European subsidiaries had experienced “abnormal cash outflows” and expressed concern for the safety of its employees and properties.
On Wednesday, the European Central Bank ordered the closure of Sberbank’s European arm, Austria’s Financial Market Authority said, suggesting it was “failing or likely to fail” after Russia’s invasion of Ukraine triggered a run on deposits.
The U.S., European Union, and the U.K. have recently ratcheted sanctions against Russia’s institutions, barring key banks from the SWIFT international payment system and restricting the Central Bank of Russia’s capacity to use its more than $600 billion in foreign currency reserves.
Sberbank’s stock price provisionally closed more than 78% lower in London. The bank has decreased 99.9% of its value since the start of the year.
Other major London-listed Russian stocks saw declining on Wednesday, including Lukoil, Novatek, and Rosneft.
Domestically, Moscow’s stock market has been closed for three consecutive days as authorities attempt to stem the bleeding in local assests.
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
Total Quality Management (TQM) is an organisational philosophy that small business owners and managers adopt rather than a particular management …
We all struggle with self-doubt, but this struggle can be especially difficult for those in leadership positions. Leaders are expected to be …
Diversity and inclusion (D&I) include more than just headcounts, rules, or initiatives. Equitable employers outperform their rivals by valuing each team …
Whether you’ve recently been promoted to the executive level or have been with the company for 10+ years, one thing will never change. Human nature, like …
Regardless of your job title or business, you can be obliged to participate in negotiations from time to time as a business professional. Chances are, you are currently …
March 31, 2023: Initial filings for unemployment insurance ticked higher in the previous week but remained generally low in a tight …
March 30, 2023: In February, Higher mortgage rates took a few of the juice out of the housing development. After a sharp gain, pending home sales …
March 30, 2023: Saudi Arabia’s cabinet allowed a decision to enter a China-led security bloc, which makes Riyadh’s eastern …
March 29, 2023: On Tuesday, Alibaba said that it would split its company into six business groups, each able to raise outside …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you