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Deon Rossouw

Professor Deon Rossouw, BnEI Chairman: In His Take on Dealing Corruption

The Banknote Ethics Initiative (BnEI) is a collective action initiative that was established in 2013 with the purpose of promoting ethical business practices in the banknote industry. It is specifically focused on combatting corruption and anti-competitive conduct. Companies involved in any aspect of banknote production can voluntarily become members of BnEI by formally adopting the BnEI Code of Ethical Business Practices.

Jan 18, 2024 11:11 PM EST


How "Loud Budgeting" on TikTok is Tackling Financial Taboos

How "Loud Budgeting" on TikTok is Tackling Financial Taboos

The beginning of a new year sometimes calls for implementing new routines or strategies to assist in achieving your financial objectives; for some social media users, this year is all about "loud budgeting." In early 2024, the word gained popularity on TikTok, where one video had received over 1.4 million views by of January 16.

Jan 18, 2024 09:34 AM EST


Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut

Biden Aims to End Debt Spiral with Drastic Overdraft Fee Cut

The Consumer Financial Protection Bureau and the Biden administration have collaborated to present a proposed regulation that would curb bank overdraft costs, perhaps bringing them down to $3.

Jan 18, 2024 06:20 AM EST


Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance

Record National Debt Raises Concerns, But Average Impact on Individuals May Be Nuance

The national debt of the United States government just passed $34 trillion, setting a new high. But to what extent should you be concerned about the nation's borrowing?

Jan 18, 2024 01:30 AM EST


Retail Rebound or Bubble Burst? December Surge Hides Underlying Inflation Concerns

Retail Rebound or Bubble Burst? December Surge Hides Underlying Inflation Concerns

December saw an increase in American retail spending, capping up the Christmas shopping season and the year on a positive note and indicating that consumers are still feeling secure enough to continue spending money.

Jan 18, 2024 12:19 AM EST


Credit Card + PayPal Money Transfer: Weighing the Rewards vs. Risks

Credit Card + PayPal Money Transfer: Weighing the Rewards vs. Risks

PayPal is a well-liked option for online money transfers, whether you're purchasing for products and services or transferring money to loved ones. You may be wondering if it makes sense to transfer money using your credit card when making PayPal transactions, particularly when it comes to accruing reward points. We examine the benefits and drawbacks of using a credit card with PayPal as well as whether the substantial transaction costs may be justified by the incentives you receive.

Jan 17, 2024 01:50 PM EST


Senate Adopts Stopgap Spending Measure, Preventing Immediate Government Shutdown

Senate Adopts Stopgap Spending Measure, Preventing Immediate Government Shutdown

In an attempt to enact a stopgap budget bill in time for the rapidly approaching deadline at the end of the week, the Senate cleared its first obstacle on Tuesday night.

Jan 17, 2024 10:49 AM EST


Bipartisan Bill Brings Joy to Toy Boxes and Boardrooms with Tax Tweaks

Bipartisan Bill Brings Joy to Toy Boxes and Boardrooms with Tax Tweaks

A bipartisan plan to prolong company tax deductions and increase the child tax credit was unveiled on Tuesday in an attempt to win approval from Congress before the January 29 tax season kicks out.

Jan 17, 2024 07:36 AM EST


Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat

Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat

Tuesday's closing price of U.S. equities was lower due to pressure from banks on mixed results from Morgan Stanley and Goldman Sachs, as well as sell-offs in Apple and Boeing that affected the S&P 500.

Jan 17, 2024 12:14 AM EST


AI & Climate Anxiety Rises: 6% More CEOs See Bleak 10-Year Outlook

AI & Climate Anxiety Rises: 6% More CEOs See Bleak 10-Year Outlook

According to a new survey of CEOs by one of the biggest consulting firms in the world, PwC, more executives are feeling better about the state of the global economy, but an increasing number believe their companies won't survive the next ten years without a major overhaul due to pressure from climate change and technology like artificial intelligence.

Jan 16, 2024 10:50 AM EST


Long-Term Food Supply Affected As Global Leaders Focus on Election 2024

Long-Term Food Supply Affected As Global Leaders Focus on Election 2024

International attempts to ensure long-term food supply might be derailed by the several impending international elections, warns the International Fund for Agricultural Development (IFAD).

Jan 16, 2024 09:40 AM EST


Goldman Sachs Expects Fed to Pivot, Slashing Rates to Boost Economy

Goldman Sachs Expects Fed to Pivot, Slashing Rates to Boost Economy

According to Goldman Sachs economists' predictions on Monday, the Federal Reserve is anticipated to begin reducing its benchmark interest rate in March and to do so five times in total in 2024.

Jan 16, 2024 09:06 AM EST


US Dollar Shines Brighter as Stocks Dive, Safe Haven Frenzy Erupts

US Dollar Shines Brighter as Stocks Dive, Safe Haven Frenzy Erupts

Tuesday saw a one-month low for Asian equities, a decline in U.S. stock futures, and an increase in the value of the dollar as traders awaited word from influential Fed member Christopher Waller and central bankers' hawkish comments dampened prospects for interest rate decreases.

Jan 16, 2024 05:59 AM EST


A Decade to Trillionaire Status: How Wealth Hoarding Aggravates Woes

A Decade to Trillionaire Status: How Wealth Hoarding Aggravates Woes

In its yearly assessment of global inequality, Oxfam International stated on Monday that the world may see its first trillionaire within ten years, coinciding with the meeting of corporate and political elites at the Swiss ski resort of Davos.

Jan 16, 2024 01:02 AM EST


Study Predicts Booming Bank Profits Around $7 Trillion, Fueled by Rising Interest Rates and Digital Transformation

Study Predicts Booming Bank Profits Around $7 Trillion, Fueled by Rising Interest Rates and Digital Transformation

According to a report from the Boston Consulting Group (BCG), global banks have the potential to increase their combined valuations by around $7 trillion over the next five years if they implement substantial measures to stimulate growth and enhance productivity.

Jan 16, 2024 12:24 AM EST


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