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01/17/2022   Seattle PI Business

DUBAI, United Arab Emirates (AP) — A suspected drone attack claimed by Yemen's Houthi rebels targeting a key oil facility in Abu Dhabi killed three people on Monday and sparked a separate fire at Abu Dhabi's international airport.

Emirati police identified the dead as two Indian nationals and one Pakistani. Several people were also wounded at an industrial area where Abu Dhabi's state-owned energy company runs a pipeline network and an oil tanker storage facility. The police said they suffered minor to moderate injuries.

Three transport tankers caught fire at the facility, while another fire was sparked at an extension of Abu Dhabi International Airport.

Police said an investigation was underway and that preliminary findings indicate there were small flying objects, possibly belonging to drones, that fell in the two areas and may have caused the explosion and fire. They said there was no significant damage from the incidents, without offering further details.

Yemen’s Iranian-backed Houthi rebels claimed they were behind an attack targeting the United Arab Emirates on Monday, but they did not offer details. Although the UAE has largely withdrawn its own forces from the war in Yemen, it is still actively engaged in the conflict and supports Yemeni militias fighting the Houthis.

The incident comes as the Houthis face pressure and are suffering heavy losses. Yemeni forces, allied and backed by the UAE, have pushed back the rebels in key southern and central provinces, dashing Houthi efforts to complete their control of the entire northern half of Yemen.

Yemen’s government-aligned forces reclaimed the entire southern province of Shabwa from the Houthis earlier this month and made advances in nearby Marib province. They were aided by the UAE-backed Giants Brigades and had...

01/17/2022   New York Times Business News
António Horta-Osório had been chairman of Credit Suisse for less than a year when he announced his resignation on Sunday.
01/17/2022   Seattle PI Business

Dallas Goldtooth, known for his role in the hit FX television series “Reservation Dogs,” slowly swivels in his chair to face the camera in a recent TikTok video. As he looks at the audience, a voice-over announcer says, “When people refuse to get vaccinated but also talk about protecting future generations, that’s stupid.”

The Dakota and Navajo actor joins other influencers — people who have earned the community’s trust — in a two-phase public outreach effort by nonprofit organizations IllumiNative, the Urban Indian Health Institute, and 13 Native groups in states including Alaska, Minnesota, and California. The goal is to overcome COVID-19 vaccine hesitancy.

The latest phase of the For the Love of Our People campaign is using $900,000 from the Chan Zuckerberg Initiative to focus on family and generational pride to encourage vaccinations. Grassroots organizations in COVID hotspot states were each given $30,0000 as part of the outreach.

“We’re highlighting the strength and resiliency of Native communities, while calling upon each other to get vaccinated: for our families, our culture and our people,” said Crystal Echo Hawk, founder and executive director of IllumiNative, which works to increase the visibility of Native American people.

The effort comes as COVID continues to hit Native American people harder than other groups. A Centers for Disease Control and Prevention November report shows that Native Americans are nearly twice as likely to test positive, three times more likely to be hospitalized, and two times more likely to die from COVID-19 than white people.

More than 1,000 Native Americans have been vaccinated at sponsored events, and more are expressing trust in the safety of the vaccines, but leaders and others say more work is needed. In September, the...

01/17/2022   New York Times Business News
Freezing the licensing fee would force big budget cuts at the BBC.
01/17/2022   Seattle PI Business

GENEVA (AP) — Credit Suisse said Monday that its chairman has resigned following an internal investigation that reportedly found he violated quarantine rules intended to fight the COVID-19 pandemic.

The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced shortly after midnight Monday. It is the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles including bad bets on hedge funds and an internal spying scandal.

“I regret that a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally,” Horta-Osorio, 57, said in a statement from the bank, without elaborating.

“I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time.”

Axel Lehmann, a Swiss national and former executive at rival bank UBS who joined the Credit Suisse board in October, will take over as chairman.

Credit Suisse said Lehmann “succeeds Antonio Horta-Osório, who resigned following an investigation commissioned by the board.” It did not elaborate, and bank spokesman Dominik von Arx declined to comment beyond the news release.

Swiss media reported Monday that Horta-Osorio, a former CEO of Lloyds Banking Group in Britain, had violated quarantine rules, including traveling to Britain in December and to the Wimbledon tennis tournament over the summer.

Online news service finews.com, citing two sources familiar with the situation, reported in late December that Horta-Osorio was being investigated over allegations of breaking quarantine.

Leo-Philippe Menzel, a spokesman for the public prosecutor's office in the Swiss region of St. Gallen, confirmed that it had received a...

01/17/2022   Seattle PI Business

BRUSSELS (AP) — Euro finance chiefs on Monday engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.

Finance ministers from the 19 nations that share the common euro currency pledged continued budgetary stimulus for the European economy amid headwinds caused by the highly transmissible omicron variant. At the same time, they sought to reassure voters by pledging vigilance over sharp price rises.

“Am I concerned about inflation? Obviously so,″ Dutch Finance Minister Sigrid Kaag told reporters in Brussels before entering a meeting with her euro zone counterparts. “The purchasing power of the individual citizens will be affected.”

The euro zone faces a slowdown in economic growth this year after a solid recovery in 2021 from a severe coronavirus-induced recession two years ago. But surging inflation, which reached a record 5% in December and is tied to an energy-market squeeze, has complicated the picture — for both policymakers and voters.

Ioanna Orfanou, a small-scale producer of olives and pomegranates along the central-eastern coast of Greece, said the prices that she pays for fertilizers and insecticides jumped to alarmingly high levels in the second half of last year.

“This trend is very worrying,” Orfanou told the AP. “It gets harder for small farmers to stay in business because we have limited room to pass on the cost increases to average consumers.”

Such sentiments have helped spark questions about the European Central Bank’s policy of keeping the euro zone money supply loose to fuel economic activity.

The Frankfurt-based ECB has offered support in two key ways: maintaining its interest rates at zero or less and helping to keep other market borrowing costs low by purchasing...

01/17/2022   Seattle PI Business

BRUSSELS (AP) — European Commission President Ursula von der Leyen said Monday that she has canceled her in-person appointments at the European Parliament this week after her driver tested positive for COVID-19.

Von der Leyen said she was already in Strasbourg, France, for the plenary when she was told of the news and immediately headed back to European Union headquarters in Brussels.

She faced a heavy program in Strasbourg over the next three days, including attending a solemn remembrance for David Sassoli, the European Parliament president, who died last week. She was also scheduled to have meetings with French President Emmanuel Macron and preside over the College of EU Commissioners for their weekly meeting.

“Regretfully, I must therefore cancel my participation” to the legislative session, she tweeted.

___

Follow AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic

01/17/2022   Seattle PI Business

GENEVA (AP) — Chinese President Xi Jinping called Monday for greater world cooperation against COVID-19 and said China would send an additional 1 billion doses of vaccine to other countries, while urging other powers to discard a "Cold-War mentality” at a time of rising geopolitical tensions — a veiled swipe at the United States.

The Chinese leader touted his country's efforts to share vaccines, fight climate change and promote development at home and abroad as he delivered the opening speech of a virtual gathering hosted by the World Economic Forum. The online event is being held in place of its annual January meeting in Davos, Switzerland, because of health concerns linked to the coronavirus pandemic.

The global outbreak that has claimed over 5.5 million lives and upended the world economy was another theme. In a panel session on the virus, Moderna's CEO said the vaccine maker was working on a single-shot booster for both COVID-19 and the flu, while U.S. infectious diseases expert Dr. Anthony Fauci lamented as “very disturbing” the reluctance of many Americans to follow basic measures like mask-wearing and getting vaccinated.

“This is such a formidable virus,” Fauci said, noting the difficulty in achieving herd immunity against COVID-19 because of the tendency of immunity to fade, even after vaccination. “You make the virus have an advantage when you don’t implement in a unified way all the very well-recognized public health measures, particularly the vaccines.”

Xi, who hasn’t left China since the coronavirus emerged in early 2020, said in his speech that China has exported over 2 billion doses of its COVID-19 vaccines to over 120 countries and international institutions. He announced plans to provide an additional 1 billion — including a donation of 600 million...

01/17/2022   Seattle PI Business

COPENHAGEN, Denmark (AP) — Sweden's domestic security agency said Monday it has taken over the preliminary investigation into drones that last week were seen hovering over or near the country's three nuclear power plants.

At first police said there had been drones over two nuclear plants — Forsmark, north of Stockholm, and Oscarshamn in the southeast. The intelligence service, known by its Swedish acronym SAPO, said a drone also was reported over a third nuclear power facility, Ringhals, which is the largest of them and sits on the country’s western coast.

Police have no suspects.

“With regard to the cases of drone overflights at three nuclear power plants, the assessment is made that they are of such a nature that preliminary investigations have been taken over from the police authority in order to be able to investigate the incidents in more detail,” SAPO said in a statement.

Late Friday, police were alerted about the drones but lost track of the unmanned aircraft. Swedish media said the drones were large enough to withstand the wind that was blowing over the area.

Hans Liwang, an associate professor with the Swedish National Defense College, told Swedish broadcaster SVT that Sweden is not sufficiently prepared for this type of event.

“We have not really adapted our way of looking at this type of event to today’s reality,” he said. “ We still think of the world as either at peace or at war.”

In 2019, the Ringhals 2 reactor in southwestern Sweden was permanently shut down with operators citing a lack of profitability and rising maintenance costs.

On top of that, there are two decommissioned nuclear power facilities in Sweden — Barseback, which sits on the narrow waterway between Sweden and Denmark, and Agesta, south of the Swedish capital of Stockholm.

01/17/2022   Seattle PI Business

MOSCOW (AP) — Russia's top diplomat angrily rejected the U.S. allegations that it was preparing a pretext to invade Ukraine as Russian troops that are amassed near the Ukraine border launched more drills Monday.

The White House said Friday that U.S. intelligence officials had concluded that Russia had already deployed operatives to rebel-controlled eastern Ukraine to carry out acts of sabotage there and blame them on Ukraine in a “false-flag operation” to create a pretext for possible invasion.

Speaking to reporters Monday, Russian Foreign Minister Sergey Lavrov dismissed the U.S. claim as “total disinformation.”

He reaffirmed that Russia expects a written response this week from the U.S. and its allies to Moscow’s request for binding guarantees that NATO will not embrace Ukraine or any other ex-Soviet nations, or station its forces and weapons there.

Washington and its allies firmly rejected Moscow's demands during last week’s Russia-U.S. negotiations in Geneva and a related NATO-Russia meeting in Brussels, which were held as an estimated 100,000 Russian troops with tanks and other heavy weapons are massed near Ukraine in what the West fears might be a prelude to an invasion.

Amid the troops buildup, Russia in recent weeks has held a series of war games in regions that border Ukraine. On Monday, the military announced the launch of another exercise involving armored units stationed in the western part of Russia that includes 300 combat vehicles.

A delegation of U.S. senators is visiting Ukraine to emphasize U.S. support for the country.

“Our bipartisan congressional delegation sends a clear message to the global community: the United States stands in unwavering support of our Ukrainian partners to defend their sovereignty and in the face of persistent Russian...

01/17/2022   Seattle PI Business

LOS ANGELES (AP) — The U.S. housing market had another scorcher of a year in 2021, aided by low mortgage rates, a swell of demand that outstripped supply and a rebounding job market.

The supply-demand equation remains sharply lopsided heading into the spring home-buying season, which should give sellers the upper hand again. And while home prices are expected to rise at a less torrid pace this year, mortgage rates have been ticking higher and are projected to climb this year.

The trends point to another solid year for the housing market, even as it remains especially challenging for first-time buyers, says Lawrence Yun, chief economist for the National Association of Realtors.

Yun recently spoke to The Associated Press about what homebuyers and sellers can expect as the upcoming spring home-buying season begins. The interview has been edited for length and clarity.

Q: How do you see the housing market’s trajectory shaping up this year?

A: The mortgage rates will definitely be higher, which means that people who were barely able to qualify last year will not be able to do so this year. Combine that with some increase in supply. Builders have the profit motive. Lumber prices and other materials costs are rising, but they’re simply tacking on those additional costs to consumers, who are willing to buy. So, increased supply, some chopping off of demand from rising interest rates, should lead to less intense competitive market conditions. Price growth will be something around 5% in 2022, which will be a very normal rate of increase.

Q: Fair to say homeowners who are selling will still have an edge on buyers nationally?

A: We’re in a housing shortage of roughly 3 or 4 million. And given that homebuilders can probably at the maximum put up maybe 2 million homes, more likely...

01/17/2022   New York Times Business News
Dr. Rochelle Walensky, the C.D.C. director, right, and Dr. Anthony Fauci of the National Institute of Allergy and Infectious Diseases, during a Senate hearing in November.
01/17/2022   Seattle PI Business

PORTLAND, Maine (AP) — China is showing no signs of slowing its demand for American lobster this year despite disruption to the supply chain and international trade caused by the coronavirus pandemic.

Chinese demand for the crustaceans grew dramatically during the 2010s in part because of the expansion of the country's middle class. The lobsters are especially sought after in winter because they are a popular delicacy on Chinese New Year, which is Feb. 1 this year.

American exporters sent more than 13.2 million pounds (6 million kilograms) of lobster to China during the first 11 months of 2021. That was about 6% more than the same time period the previous year.

The pandemic has made the already difficult task of sending live seafood across the globe more challenging, but Maine lobster exporters are gearing up for a decent Chinese New Year, said Bill Bruns. The operations manager at The Lobster Co. in Arundel said shipments are complicated by the fact the company can't send lobsters to Beijing because of COVID-19 restrictions — but they are able to send to other airports, such as Shenzhen.

“Chinese New Year is always a crapshoot the last couple years,” Bruns said. “But I'm prepared for it. I have the staff. Because otherwise it's going to be a long spring.”

China buys lobsters from the U.S. — where the industry is based mostly in Maine — and Canada, where the industry is situated in the Atlantic provinces. Exports from Canada were up even more than the U.S. the first 11 months of 2021 compared to 2020, said John Sackton, an industry analyst and founder of SeafoodNews.com.

Signs point to a strong season for the industry, Sackton said. Consumption of seafood could also get a boost from the Beijing Winter Olympics, which are set to start a few days after Chinese New...

01/17/2022   Seattle PI Business

ISTANBUL (AP) — A Turkish court has acquitted German journalist Mesale Tolu after years on trial for terror-related charges.

“After 4 years, 8 months and 20 days: Acquitted of both charges!” Tolu tweeted after her acquittal. She was accused of engaging in terror propaganda and being a member of a banned left-wing group — the Marxist-Leninist Communist Party.

Tolu, 38, was placed in pre-trial detention for eight months in 2017. She was later released but was barred from leaving Turkey until August 2018. She lives in Germany.

Before her arrest, Tolu worked as a translator and journalist for the Turkish ETHA news agency.

German-Turkish relations were tense at the time of Tolu’s arrest, when eight other German or German-Turkish citizens were imprisoned. Berlin considered the arrests to be politically motivated.

Reporters Without Borders ranks Turkey at 153 out of 180 countries in its World Press Freedom Index of 2021. At least 34 media employees are currently behind bars, according to Turkey's Journalists Union.

01/17/2022   Seattle PI Business

LONDON (AP) — Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue.

The online retailer said the change would not be implemented as planned on Wednesday. Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions.”

“We are working closely with Visa on a potential solution that will enable customers to continue using their Visa credit cards on Amazon.co.uk,” the retailer said in an email to customers.

Amazon didn't rule out future action but told customers it would give them “advance notice” of any changes related to the acceptance of Visa credit cards.

Credit card fees have been a growing source of tension between Amazon and Visa. Last year, Amazon started charging customers in Australia and Singapore who use Visa credit cards a 0.5% surcharge.

In any credit card transaction, there are a number of fees involved, such as an “interchange fee” that the shopper’s bank pays to the retailer’s bank and other costs like service and technology charges. It isn’t clear which fee is the focus of the U.K. dispute.

01/17/2022   Seattle PI Business

MOSCOW (AP) — Russian authorities on Monday reported a sharp spike in new coronavirus cases, apparently driven by the rapid spread of the omicron variant health officials warned about last week.

The country's state coronavirus task force registered 30,726 new infections over the last 24 hours, which is twice as many as 15,830 just a week ago and the highest daily tally since early December. The task force has also reported 670 deaths.

The omicron variant spreads much more easily than other coronavirus strains, and has already become dominant in many countries. It also more easily infects those who have been vaccinated or had previously been infected by prior versions of the virus. However, early studies show omicron is less likely to cause severe illness than the previous delta variant.

Infections in Russia steadily climbed all of last week, and officials sounded the alarm about a looming surge of cases driven by omicron's rapid spread.

Anna Popova, head of Russia's public health watchdog Rospotrebnadzor, has warned that daily new cases might reach six-figure levels, and President Vladimir Putin has said that Russia has “a couple of weeks” to prepare for the unprecedented surge.

Moscow Mayor Sergei Sobyanin said Friday that omicron is responsible for nearly half of all new infections in the capital. On Monday, new virus cases in the city surpassed 7,000.

Russia’s state coronavirus task force has registered over 10.8 million confirmed infections and 321,990 deaths since the start of the pandemic. Russia’s state statistics agency, which uses broader counting criteria, puts the death toll much higher, saying the overall number of virus-linked deaths between April 2020 and October 2021 was over 625,000.

Russia had only one nationwide lockdown, in 2020, and in October...

01/17/2022   Seattle PI Business

We may think spending money on ourselves will make us happier than spending it on someone else. That belief can make it hard to carve money out of our budgets to give to good causes.

But research shows that spending money on others is more likely to make us happy. This seems to be a worldwide phenomenon, and one that applies whether we have a lot of money or only a little.

“Generosity and happiness are pretty clearly linked in the research,” says Kristy Archuleta, a professor of financial planning at the University of Georgia. “When we are generous of our time, our talents, giving to others in whatever kind of capacity we can, we tend to be happier.”

Some generous acts create more positive feelings than others, however. Here’s what to consider if you want to maximize your happiness while helping others.

MAKE IT SOCIAL

Canadian social psychologist Lara Aknin says she’s been interested in the emotional benefits of financial generosity since she was about 8 and daydreaming ways she could help other people.

“I remember thinking if I save $10, I could give it to my parents and they could go out for dinner,” she laughs. “I clearly had no concept of money (because) I thought $10 would give them an evening out on the town.”

As a graduate student, Aknin investigated ways money could improve well-being and found that “prosocial spending” — spending on others — was a source of happiness. In subsequent research, Aknin — now a distinguished associate professor at Simon Fraser University in Burnaby, British Columbia — determined that giving was most rewarding when it offered a social connection . Instead of sending someone a gift card to a restaurant, for example, we’ll feel happier if we take them out to dinner, Aknin says.

Volunteering can connect us with others, as can...

01/17/2022   New York Times Business News
A China Evergrande Group housing project under construction in Beijing last September. Real estate developers, including Evergrande, have run into severe financial difficulty in recent months.
01/17/2022   Small Business CEO

You’ve probably already heard the notion that first impressions last. You may have also heard this one: “You only get one chance to make a first impression.” Both these statements must be at the core of your product marketing strategy as a startup.

Product packaging design

photo credit: Rawpixel

Consumers are generally brand-centric and are more likely to purchase one brand repeatedly, and less are likely to change to a new brand. As a startup, you have to find ways to get the consumer to pick your product based on its looks.

Your best shot at making a good and lasting first impression is in the way you present your product.…

The post Professional Product Packaging: Fundamental Tips For Startups appeared first on SMALL BUSINESS CEO.

01/17/2022   Seattle PI Business

BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing.

The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China's vast real estate industry to cut surging debt, official data showed Monday.

Growth sank to 4% over a year earlier in the final three months of the year, fueling expectations Beijing may need to cut interest rates or stimulate the economy with more spending on public works construction.

That slump is likely to worsen, leading to "more aggressive measures to boost growth,” Ting Lu and Jing Wang of Nomura said in a report.

On Monday, the Chinese central bank cut its interest rate for medium-term lending to commercial banks to the lowest level since early 2020, at the start of the coronavirus pandemic.

Asian stock markets ended the day mixed following the dual announcements. China's benchmark Shanghai Composite Index gained 0.6% while the Hang Seng in Hong Kong lost 0.7%. The Nikkei 2225 in Tokyo rose 0.7%.

Lingering Chinese economic weakness has potential global repercussions, depressing demand for steel, consumer goods and other imports.

China rebounded quickly from the pandemic, but activity weakened last year as Beijing tightened controls on borrowing by real estate developers, triggering a slump in construction that supports millions of jobs. That made consumers nervous about spending and investors anxious about possible defaults by developers.

Consumer spending has suffered after authorities responded to virus outbreaks by blocking most access to cities including Tianjin, a port and manufacturing center near Beijing, and imposed travel...

01/17/2022   Seattle PI Business

MANILA, Philippines (AP) — People who are not fully vaccinated against COVID-19 were banned from riding public transport in the Philippine capital region Monday in a desperate move that has sparked protests from labor and human rights groups.

The Philippines's vaccination campaign has been dogged by public hesitancy and delays, while the highly contagious omicron variant has fueled a recent spike in infections. From less than a thousand new cases daily during the Christmas holidays, the Department of Health counted a record of more than 39,000 on Saturday.

Under the Department of Transportation’s “no vax, no ride” policy, commuters who are not fully vaccinated will not be allowed to ride public jeepneys, taxis, buses, sea ferries and commercial planes to and from and within Metropolitan Manila unless they show proof that they are on urgent errands or cannot be vaccinated for medical reasons. The restriction will last at least to the end of January and was an offshoot of President Rodrigo Duterte’s warning that unvaccinated Filipinos who defy orders to stay at home to ease community infections could face arrest.

“There are indeed legitimate reasons for aiming to vaccinate as many people as possible. However, these reasons should not prevent people from freedom of movement,” said Butch Olano of Amnesty International in the Philippines. Experts say the policy’s legality could be questioned before the Supreme Court.

Chief Public Attorney Persida Acosta said the measure discriminates against unvaccinated Filipinos in violation of the equal protection principle of the law and added there was no law that calls for mandatory vaccination.

“This requirement for vaccine cards is not in the law so it’s contrary to the constitution,” she said by telephone.

She added that the...

01/17/2022   Small Business CEO

Bitcoin trading has become a mainstream topic in the last few years, but it’s still not easy for most people to take part. It can be complicated and intimidating, but that’s where Android comes in.

Crypto trading on smartphone

You can trade Bitcoin on your phone or tablet with Blockchain wallets because mobile devices are easier to use than desktops for trading coins. The same thing can be said about the Blockchain wallet, which will allow you to trade Bitcoin on your smartphone or tablet.

Bitcoin is a decentralised currency that can’t be forged or altered in any way. It’s also hard to steal because people have to have Bitcoins in their possession to spend them, and it’s impossible for anyone to create more coins.…

The post How Android Phones Make Bitcoin Trading Easier appeared first on SMALL BUSINESS CEO.

01/17/2022   New York Times Business News
Caroline Cassini, general manager of the U.S. auction website that Bonhams is starting. “We’ll be ‘live’ 24 hours a day, seven days a week, worldwide,” she said.
01/17/2022   New York Times Business News
A Macy's department store in Boston. The retailer began to request the vaccination status of its employees this month, but said it was re-evaluating.
01/17/2022   Seattle PI Business

BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter.

Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined.

The weakness in China's economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending.

Shortly before the growth data were released, the Chinese central bank announced a rate cut on medium-lending to commercial banks to the lowest level since 2020.

“Economic momentum remains weak amid repeated virus outbreaks and a struggling property sector," Julian Evans-Pritchard of Capital Economics said in a commentary. He expects China's policymakers to keep limits on lending relatively tight and control credit growth.

“The upshot is that policy easing is likely to soften the economic downturn rather than drive a rebound," he said.

Slowing activity in China, the region's biggest economy, can chill growth throughout the region. Lockdowns and other precautions imposed to combat outbreaks of coronavirus can also worsen shortages of key parts and components, adding to difficulties with shipping and supply chains.

The Shanghai Composite index gained 0.6% to 3,541.67, while Hong Kong's Hang Seng dropped 0.7% to 24,218.43.

South Korea's Kospi sank 1.1% to 2,890.10 after North Korea fired two suspected ballistic missiles into the sea early Monday in its fourth weapons launch this month, South Korea’s military said, with the apparent goal of demonstrating its military might amid paused diplomacy with the United States and pandemic border closures.

Germany's DAX gained 0.2% to 15,910.54 and the...

01/16/2022   Seattle PI Business

A look at some of the key business events and economic indicators upcoming this week:

HOUSING MARKET BELLWETHER

New government data on residential construction should provide insight into the state of the new-home market.

The Commerce Department is expected to report Wednesday that builders broke ground on new apartments and single-family homes at a slower pace in December than in the previous month. The pace of U.S. home construction accelerated in November amid continued strong demand, though supply chain snarls have led to construction delays.

Housing starts, monthly, seasonally adjusted annual rate:

July 1,562,000

Aug. 1,573,000

Sept. 1,550,000

Oct. 1,502,000

Nov. 1,679,000

Dec. (est.) 1,655,000

Source: FactSet

BINGE THIS

Netflix serves up its latest quarterly report card Thursday.

Wall Street predicts the video streaming giant’s earnings declined and its revenue rose in the October-December quarter versus the same period in 2020. That would be a mixed finish to the year after posting profit and revenue growth the previous three quarters. Investors will be listening for an update on Netflix’s subscriber tally and its foray into video game streaming.

ECONOMIC BAROMETER

A gauge of the U.S. economy’s future health is expected to have improved last month.

Economists expect that the Conference Board will report Friday that its index of leading economic indicators rose 0.8% in December. That would follow an increase of 1.1% the previous month. The index, derived from data that for the most part have already been reported individually, is designed to anticipate economic conditions three to six months out.

Leading indicators, monthly percent change, seasonally adjusted:

.

..

01/16/2022   Seattle PI Business

BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter.

Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined.

The weakness in China's economy toward the end of 2021 is prompting suggestions Beijing should intervene to prop up growth with interest rate cuts or by injecting money into the economy through public works spending.

Shortly before the growth data were released, the Chinese central bank announced a rate cut on medium-lending to commercial banks to the lowest level since 2020.

“Economic momentum remains weak amid repeated virus outbreaks and a struggling property sector," Julian Evans-Pritchard of Capital Economics said in a commentary. He expects China's policymakers to keep limits on lending relatively tight and control credit growth.

“The upshot is that policy easing is likely to soften the economic downturn rather than drive a rebound," he said.

Slowing activity in China, the region's biggest economy, can chill growth throughout the region. Lockdowns and other precautions imposed to combat outbreaks of coronavirus can also worsen shortages of key parts and components, adding to difficulties with shipping and supply chains.

The Shanghai Composite index gained 0.3% to 3,532.24, while Hong Kong's Hang Seng dropped 0.6% to 24,220.61.

South Korea's Kospi sank 1.1% to 2,889.98 after North Korea fired two suspected ballistic missiles into the sea early Monday in its fourth weapons launch this month, South Korea’s military said, with the apparent goal of demonstrating its military might amid paused diplomacy with the United States and pandemic border closures.

In Tokyo, the Nikkei 225 advanced 0.7% to 28,318.54 as...

01/16/2022   Seattle PI Business

BEIJING (AP) — China's economy grew by 8.1% in 2021 after activity slowed as Beijing moved to cut corporate debt.

01/16/2022   New York Times Business News
The two-tone green coupe is known as the Hirohata Merc for the 21-year-old Japanese American Navy veteran, Masato Hirohata, who commissioned it in 1952.
01/16/2022   New York Times Business News
Sharon Hoota, an owner of the Chelsea restaurant ZiZi, said his business had dropped about 75 percent since the Omicron variant surged in New York City.
01/16/2022   New York Times Business News
Xi’an, China, during a coronavirus lockdown last month. At least 20 million people, or about 1.5 percent of China’s population, are in lockdown across the country.
01/16/2022   New York Times Business News
Passengers at a deck party onboard an Atlantis Events cruise, held in October 2021.
01/16/2022   Small Business CEO

Visuals play a role in any presentation, from PowerPoint slides to the latest data visualization. Most companies must utilize some form of visuals to convey information to their employees, customers, and other stakeholders. However, the design elements that influence visual communications are often overlooked.

Delivering business presentation

When making a presentation, there is no one-size-fits-all approach. Each presentation should work around the core message to engage and inform its audience. But how can you make sure your visuals are effective? Let’s look further into things to consider for professional presentations.

Questions To Ask Yourself When Planning Visual Content

  1. What do I want my audience to take away from this visual?

The post Making Visual Presentations appeared first on SMALL BUSINESS CEO.

01/16/2022   New York Times Business News
Companies are left on their own to set policy on vaccines for their employees. Oil production is only slowly ramping up. And this will be a messy tax season.
01/16/2022   Small Business CEO

The healthcare industry has changed a lot in the past 10 years. It is one of the fastest evolving sectors, reporting steady growth and innovation. Despite a great range of opportunities in the sector, starting a healthcare business or managing your existing one is not a breeze.

Healthcare business management

The success of any business depends on how it’s managed, and healthcare is no different. As a healthcare venture, you need to implement strategies that streamline your operations and help your organization grow as a business.

In this article, we’ll outline 7 tips for managing a healthcare business effectively.

1. Build Strong Relationships with your Customers

Trust is important in any industry, but probably most of all in healthcare.…

The post 7 Tips for Managing a Healthcare Business appeared first on SMALL BUSINESS CEO.

01/16/2022   New York Times Business News
Davos this past week. The first World Economic Forum was held here over 50 years ago.
01/15/2022   New York Times Business News
A 3-D plaster model of a coronavirus spike protein in the office of Dr. Barney Graham of the Vaccine Research Center of the National Institutes of Health.
01/15/2022   New York Times Business News
“I just hate that they keep finding ways to nickel-and-dime us in whatever way they can,” said Matt Kee, a gamer, about a game studio’s push into NFTs.
01/15/2022   New York Times Business News
Local and regional hospitals, as well as multistate hospital chains, have wrestled with the resistance among some nurses and other staff to the Covid vaccines. 
01/15/2022   New York Times Business News
The One America News headquarters in San Diego. The channel was started in 2013 as a general news channel with a conservative bent.
01/15/2022   New York Times Business News
After one of his sons fell into a deep depression, he helped him recover. He later licensed an antidepressant that was a boon to his pharmaceutical company.
01/15/2022   New York Times Business News
With no uniform national approach in sight, it’s up to chief executives to decide when and how to pursue a “new normal.”
01/15/2022   New York Times Business News
Marwa Atik, left, hired her former intern, Khadija Sillah, to work for her company, Vela Scarves.
01/15/2022   New York Times Business News
Kak Sovann Chhay, the 16-year-old son of an opposition politician, was released from a Cambodian prison in November after being jailed for comments he made in a Telegram chat group. 
01/14/2022   Small Business CEO

Unless you are living under a rock, you must have heard about “Cloud”. It is one of the most innovative technologies of this modern world, not only it helps in reducing IT costs for businesses but also functions as a medium to grow businesses across the globe.

Small business cloud computing

If you are still unfamiliar with cloud, well, it refers to web-connected servers and software which users can access over the internet, freeing from running your own servers and IT hardware setups.

Users don’t have to host and manage their hardware or software on their own and can access these servers from anywhere in the world with stable internet connection.…

The post What Is the Cloud and How Can It Help Your Small Business? appeared first on SMALL BUSINESS CEO.

01/14/2022   Small Business CEO

While 2020 presented many setbacks for business with the sudden onset of COVID-19, 2021 taught companies how to survive even in the midst of a pandemic. Many digital and technological solutions have played a prominent role in uplifting the business world and helping overcome the effects and challenges of the pandemic. However, as existing problems continue and new ones continually present themselves, many businesses continue to struggle.

Strategic planning with the help of tech

photo credit: Rawpixel

Below are the seven major challenges faced by modern businesses and the technological solutions that can help.

1. IT integration, Strategic Planning, and Maintenance

Many businesses that have recently embraced high-end digital solutions face IT integration issues.…

The post 7 Common Business Challenges and How Tech Can Help appeared first on SMALL BUSINESS CEO.

01/14/2022   Small Business CEO

Growing your business is often compared to playing an instrument, excelling in a sport, or learning a new skill. It has specific steps, requires ongoing effort, and constant refinement.

Business growth

As a small business CEO, you’re the only one up at night, working weekends, or struggling to solve problems that you didn’t anticipate. This is why it helps to have a blueprint for success—so you can grow your business like a pro.

Define Your Who

Talk with every successful business owner or entrepreneur. He or she will tell you that the biggest success comes from defining a precise target market.

The funny thing is, many owners don’t consider their market, with this at first.…

The post How to Grow Your Business Like a Pro appeared first on SMALL BUSINESS CEO.

01/14/2022   Small Business CEO

Over the last two years, things have changed and fluctuated. Whether you are going back into the office or have created your own work office at home, one thing has become clear about our work environments. It’s pivotal to be comfortable and content to get as much work as you can get done.

Office worker

photo credit: Rawpixel

Your comfort is actually very important. When people around the country stayed home in the comfort of their houses, productivity did not go down. In fact, it went up. So, if you are still creating your perfect office, there are some things you should have in your office.…

The post 5 Essential Office Products appeared first on SMALL BUSINESS CEO.

01/14/2022   Small Business CEO

Are you in the business of education or running schools? If so, you need to pay attention to the environment of your classrooms and the well-being of your students, as those will impact all stakeholders of you business.

Class in session

Schools across the nation generally start back in August or September. In some parts of the country, those months are particularly hot. This is especially so in the southern and western parts of the United States. Unfortunately, some schools in these areas still lack classrooms with an air conditioner for students.

If a student sits in class all day sweating, they are not likely to concentrate very hard on their studies.…

The post Why Air Conditioning Is a Must for Schools appeared first on SMALL BUSINESS CEO.

01/14/2022   Small Business CEO

Introducing a new product or service can prove beneficial to businesses. The right idea can put your brand ahead of the competition, expand your reach, enhance customer experience, and boost sales. That’s why entrepreneurs invest thousands of dollars into product development. Unfortunately, not all of them yield a return, resulting in a waste of time and money.

Making product launch mistakes

Why do product launches by existing businesses fail? As there are several aspects to developing and introducing a product to market, the reasons are plentiful. Although some factors are beyond control (i.e., changes in the economy), in many instances, product launches fall by the wayside due to unnecessary mistakes.…

The post Common Mishaps That Could Ruin A Product Launch appeared first on SMALL BUSINESS CEO.

01/13/2022   Tri-City Area Journal of Business

The largest fitness centers in the Tri-Cities are seeing mixed results on membership numbers since getting the green light to reopen after initial Covid-related shutdowns. At a time of year when gyms tend to see a boom of interest from those with a “new year, new me” mentality, CBRC Health & Wellness Clinic in Richland…

The post Tri-Cities’ largest gyms see mixed demand in wake of pandemic appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

The upside-down economics of the pandemic are driving the Tri-Cities into something of a quandary. Record job development coupled with a severely constrained supply of homes for sale means it will continue to be difficult to buy a home. But it isn’t impossible, and the situation isn’t a crisis, according to industry leaders. “A crisis?…

The post Job growth continues to fuel housing demand appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

Providing legal counsel to criminal defendants and other low-income people facing court proceedings has always been a challenge in the Tri-Cities. Heavy caseloads, low pay relative to private practice, the lack of a local law school and now Covid-19 has not made it easier. But with 2022 now in full swing, the Offices of Public…

The post Defendants have a right to counsel, but Tri-Cities struggles to hire enough lawyers appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

Tim Arntzen, chief executive officer of the Port of Kennewick, is seeking $225,000 and to have performance reviews amended as a bitter dispute over a farmworkers clinic extends into its fourth year. Matthew Crotty, a Spokane attorney representing Arntzen, served the port with a notice of a tort claim on Jan. 4. In it, Arntzen…

The post Port of Kennewick CEO claims retaliation for not stopping Latino medical clinic appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

We asked state Rep. Matt Boehnke, R-Kennewick, about his priorities for the 2022 state legislative session, which kicked off Jan. 10, entering the third year of the global Covid-19 pandemic. Boehnke announced in December his plan to run for the state Senate after Sen. Sharon Brown, R-Kennewick, said she would seek reelection. Boehnke is a…

The post 5 questions with Rep. Boehnke about legislative session appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

This new year begins under the maddening cloud of Covid-19, omicron edition, but color us optimistic at the Tri-Cities Area Journal of Business. Several high-profile projects to boost community pride, property values and economic development are on the horizon. In Richland, the Washington Army National Guard building, a $15 million, 40,000-square-foot readiness center at Horn…

The post Omicron cloud won’t dim our outlook on 2022 development appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

After two years of Covid-19, many Washington families and small businesses could use a break. Fortunately, the Washington Legislature has the means to help. State lawmakers have more than $8.6 billion in unrestricted cash reserves. These funds – a historic surplus by any measure – can boost our economy and improve our quality of life…

The post What will lawmakers do with $8.6 billion surplus? We’ll be watching appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

The first order of business for the 2022 session of the Washington Legislature should be to replace the state’s new long-term care law. It is fatally flawed.  Gov. Jay Inslee and Democrats who control the state Legislature wisely postponed implementing the sweeping “Long-Term Services and Supports Trust Program,” but it is beyond repair. It is…

The post Washington’s long-term care law is flawed and needs to go appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

Kennewick Albertsons to become a Safeway Planning is underway to turn the Albertsons store at 5204 Clearwater Ave. in Kennewick into a Safeway store. A commercial alteration permit recently filed with the city of Kennewick indicate the “banner flip” won’t add any square footage but about 184 linear feet of non-load bearing partitions. A new…

The post Business Briefs – January 2022 appeared first on Tri-Cities Area Journal of Business.

01/13/2022   Tri-City Area Journal of Business

This year’s inductees to the Mid-Columbia Agriculture Hall of Fame will be honored at a Jan. 19 dinner and ceremony at the Red Lion Hotel & Conference Center in Pasco. In its 22nd year, the Hall of Fame honors Mid-Columbia farmers, families and agribusiness leaders in Franklin County and its neighboring counties. The new inductees…

The post Meet the 2022 Mid-Columbia Ag Hall of Fame winners appeared first on Tri-Cities Area Journal of Business.