BUSINESS

Evanston Economic Development Committee members backed allocating some of the city’s remaining federal recovery funds to key business initiatives. About $900,000 has already been allocated for Evanston Thrives murals by Art Encounter ($61,0000); Place-making Kit Planning by All Together Evanston ($78,200); Independence Park Dining Terrace ($500,000); and the Small Business Recovery Fund, $250,000. Staff has already sent out a Request for Proposals on the project.
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1 year ago Read more at Evanston RoundTable

McKinsey has become known as a CEO factory, but has sparked controversy in the past. The Wall Street Journal reported on Wednesday that the Department of Justice is conducting a criminal investigation into the management consultancy, related to how it had previously advised opioid firms on sales strategies.
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1 year ago Read more at Yahoo Canada Finance

ByteDance would rather close down TikTok in the US than sell it, Reuters reported. The move stems from fears among US lawmakers that China could use the app for surveillance activities and to gather data on US citizens. A sale is unlikely as the algorithms powering the short-video app are key.
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1 year ago Read more at Business Insider

Pakistan needs $24 billion in payments for debt and interest servicing in the next fiscal year starting July 1. Pakistan's Finance Minister, Muhammad Aurangzeb, has said Islamabad could secure a staff-level agreement on the new program by early July. If successful, it would be the 24th IMF bailout for Pakistan.
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1 year ago Read more at Saltwire

This trend is on the rise for various reasons. Many individuals from Generation Z are motivated by a desire to escape the rigid schedules of traditional jobs and the constant oversight from superiors. According to a report by BBC Urdu, they crave independence and autonomy, longing to be their own boss and have the flexibility to work on their own terms. This challenging and dynamic environment appeals to them, driving them towards entrepreneurship.
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1 year ago Read more at The Express Tribune

Nigerian Breweries Plc has released its unaudited and provisional results for the first quarter (three months) ended 31 st March 2024 with 386.1% rise in group loss after tax to N52.089 billion. However, group revenue rose by 84.2% to N227.120 billion from N123.314 billion in 2023. Results from Operating Activities grew by more than 1000%.
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1 year ago Read more at WorldStage

Canadian trade commissioner Dindembolo-Zaya Kuyena says Canada is collaborating with Nigeria on a trade policy. He said Canada considers Nigeria to be a significant economic partner on the African continent. “Without a doubt, Nigeria is one of Canada’s most important economic partners in Africa,” the commissioner said.
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1 year ago Read more at TheCable

Paramount is preparing to announce the departure of its chief executive, Bob Bakish, as soon as next week. The impending move is a result of Mr. Bakish’s worsening relationship with Shari Redstone, the company’s controlling shareholder. Ms. Redstone grew frustrated with what she saw as his inability to get important deals across the finish line, the people said.
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1 year ago Read more at The New York Times

The 2024 NBA Playoffs tipped off on April 20 and air across several networks. Each of the eight match-ups will play the best of seven games in the first round. The Boston Celtics lead the Eastern Conference, while the Denver Nuggets and Oklahoma City Thunder are tied for first in the Western Conference. Sling TV Subscriptions start at $9.99 a month for ad-supported plans.
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1 year ago Read more at Business Insider

The EV leasing business has grown substantially over the past 8-12 months, industry executives and experts said.More than a dozen companies are involved in the leasing business. These include Mahindra Finance-promoted Quiklyz, Ayvens and Moto Business Service.
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1 year ago Read more at The Economic Times