In the world of hedge funds, Balyasny Europe Asset Management, headquartered in London, experienced a remarkable surge in profitability during the fiscal year ending on December 31, 2022. The company's financial performance outshone previous years, with profits catapulting by an astounding 400%, totaling £22.7 million. This substantial leap in profitability, compared to the £4.5 million reported in 2021, is a testament to the hedge fund's impressive financial prowess, as detailed in its published accounts on October 5.While the profit increase...
How good are personal finance smartphone apps?
Smartphone apps about our personal finances are becoming increasingly popular. But the question is, do they make us better at managing our money or do they encourage us to spend more?
For example, the Revolut app gives you a breakdown of what you spent, and, if it's too much, you will know to be more careful the following week. When you make a budget, put a certain amount weekly on the card and stick to that. The application also has an automatic savings system and free cash withdrawals abroad of about $ 260 per month.
Global downloads...
In Saudi Arabia, they have now an application to control women's movements
The oppressive regime in Saudi Arabia now has a new weapon against women. In partnership with the government, the smartphone app Absher allows fathers and husbands to prevent their wives and daughters from leaving the country.Every year, more than a thousand women flee Saudi Arabia in search of freedom, but many women find themselves stranded at the border because of a surveillance system put in place by the government. On their smartphone, men use the Absher app (which means "the preacher" in Arabic) for basic administrative tasks, such as...
Chinese economy future don't look bright - declining transaction trend
The number of Chinese acquisitions and participations in Europe fell significantly last year as Chinese growth slowed. Nevertheless, Germany and Great Britain remain a popular investment destination.Those who are suspicious of investors from China will be pleased: They are getting less and less popular in Europe, according to an analysis by the consulting firm EY. The number of takeovers and participations in 2018 fell by around one-fifth to 196. The transaction value dropped even more sharply and nearly halved at just over $ 31 billion. In...
Allianz would provide $ 15 billion for Australian company QBE Insurance
German Allianz SE Group has made an offer to take over unofficial QBE Insurance, the largest insurance company in Australia, not to mention the transaction value, said on Monday, Reuters sources who wished to remain anonymous.
Allianz SE shares, the largest insurance company in Europe fell 1.6% month after publication Handelsblatt announced that Allianz has launched a tender for 15 Australian dollars per title, which assesses QBE to 20 billion dollars Australians (15 billion dollars).QBE, one of the top 20 insurance companies in the world with...
Lukoil looks for new sources of production in Middle East
Lukoil, the second largest oil producer in Russia, seeking growth opportunities in the Middle East as Iran provides to developing international partners more oilfields, said Sunday charge Lukoil Middle East Region, Gati Al-Jebouri, according to Bloomberg.
Gati Al-Jebouri said that Lukoil wants to find new sources of production in the Middle East, to supplement its operations existing in Iran and Egypt, provided to find projects whose production costs are as low as those in Russia."Iran is our target area at this time," said Gati Al-Jebouri....
Starbucks and Airbnb provides thousands of jobs and housing for refugees after Trump's decree against immigration
Airbnb and Starbucks have announced the first practical response of big American companies - free accommodation and employment of immigrants who are banned from entering the United States - the decree controversial illegal immigration given by President Donald Trump, branded as "unfair" by large employers.
Starbucks coffee chain will recruit up to 10,000 refugees in the next five years, the employee in writing, on Sunday, CEO Howard Schultz. They target people who have fled war, persecution and discrimination in the 75 countries where it operates...
Foreign investors do not exclude that Marine Le Pen to be elected as President of France
More and more foreign investors take into account the possibility that Jean-Marie Le Pen to become president of France (spread on French bonds rose by 32 points since August 2016), Christopher comment Dembik, Head of Macro Analysis / Saxo Bank, into an analysis released on Monday.
According to him, Le Pen does not have enough support to pass the threshold of 50% of the vote. Republican Front is weaker than in 2002, but has enough left voters who will vote for the right, just to avoid a presidential Le Pen. The winner of the French Socialist...
The number of unemployed in Spain in 2016 recorded the biggest drop in history
The number of unemployed in Spain fell by 390 534 people in 2016 to 3.70 million, representing a decrease of 9.54% compared to 2015, show figures released Wednesday by the Spanish Ministry of Labour.
This decrease in the number of people registered in the National Agency for Employment is higher than that recorded in 2015, when the number of unemployed in Spain fell by 354 203 people, and also the largest annual drop ever recorded in Spanish history.Only in December 2016 which traditionally is one favorable employment thanks to temporary contracts...
Parking for diesel cars will cost 50% more in a downtown area
In the Westminster area of central London authorities decided that parking will be more expensive by 50% for diesel cars, the movement having chances to be adopted in many places in the UK Telegraph. Mayor of London said last month that 10,000 people die each year because of pollution in the capital, and diesel also has a major fault. Many of diesel car owners are upset by the new measures, after more than a decade have been encouraged to buy diesel cars, telling them the ones that are more environmentally friendly than gasoline.Westminster...
Technology companies in the US condemn Trump's imposed entry restrictions for citizens of seven countries
Technology companies have criticized the injunction given by Donald Trump for the citizens of seven Muslim countries, even if they have the right to work, not allowed to enter the US temporarily. Immigrants have an essential role to Silicon Valley companies, many of them are founded. Google, Apple, Facebook. Microsoft and Uber are among the companies that say employees are affected by the bans. Most hit are the Iranians have the right to work in the US, there is an important technological community.
Injunction applied in seven countries...
Hong Kong retains the title of most expensive housing market in the world
Hong Kong maintains its seventh consecutive year for the title of most expensive housing market in the world, shows study published Monday by the International Housing Affordability demographic, according to Bloomberg.
The study covers 406 housing markets in major metropolitan areas in Australia, Canada, China, Ireland, Japan, New Zealand, Singapore, UK and USA. Includes 92 major metropolitan markets, with over a million inhabitants, including five cities: Tokyo, Yokohama, New York, Osaka-Kobe-Kyoto, Los Angeles and London.The average price...
German bankers called for consultations on moving operations after Brexit
Regulators in Germany will meet next Monday with representatives of more than 20 foreign banks, including Morgan Stanley, Goldman Sachs and Citigroup, to present requirements in relation to the possible relocation of operations from London to Frankfurt after Brexit, Reuters said on Wednesday a number of sources close to the dossier.
Reportedly, BaFin's supervisory authority in the financial Germany, decided to organize this meeting, the first of its kind organized in Germany to respond to requests detailed banks concerned to move its operations...
Ford reports first quarterly loss after 2009
US auto group Ford Motor Co. on Thursday reported its first quarterly loss in seven years due to the revaluation of liabilities to pension funds and the costs associated with canceling the construction of a plant in Mexico.
Ford, the second-largest US automaker, said that in the fourth quarter 2016 net losses of 783 million dollars, or 20 cents per share, compared with a profit of $ 1.9 billion in the same period of 2015 . quarterly turnover fell by 4% to 38.7 billion dollars while the number of vehicles sold fell by 68,000 to 1.7 million.
However,...
Brexit's negative effects will be felt by the British economy in 2017 and 2018
The British economy will pay a higher cost in 2017 and 2018 for the uncertainties created following the vote on the country out of the EU (Brexit), said on Thursday the European Commissioner for Economic Affairs Pierre Moscovici, admitting that the UK was not immediately affected by 23 June vote.
"Uncertainties will have a more palpable on the British economy in 2017 and 2018," said Pierre Moscovici, in a press conference in Brussels after admitting that the UK has fared better than expected immediately after voting June 23.The whole of last...
Why Swiss watches could be cheaper
Swiss watches could become cheaper in following years, because Swiss watch exports fell by 9.9% last year, the most significant decline in seven years, following the slowdown in global demand.
After several years of record growth, exports of watches fell in 2016 by 3.3% to 21.5 billion Swiss francs (21.2 billion dollars) announced Thursday Federation of Swiss Watchmaking Industry (FHS ). Is the most significant annual decline since 2009, when it registered a decrease of 22%. The total number of watches exported in 2016 fell to 25.4 million,...
Probably the coolest job in the world: You get 52,000 pounds to post photos from cruises
If you're looking for a job at the beginning of the year, you should not miss offer from Royal Caribbean International.They want a person to go on a cruise and post Instagram photos taken during his time on the ship. Basically, the man will be paid 52,000 pounds to make three pictures a day. Specifically, only three, shows Metro.The employee will go on three cruises and will be "forced" to each of them to make a trip ashore.Besides photos posted on Instagram, it will have to interact with network users and achieve a clip with lived experience.Ben...
Austria wants law against EU immigrants
Austrian citizens should have priority in employment against immigrants from other EU countries, proposes the Austrian Chancellor, Christian Kern, accusing the Eastern European countries that export unemployment in the West.Immigrants come from other EU countries should be able to be stopped to take up a job if an Austrian qualified to apply for the same function, said Chancellor Christian Kern, leader of the Social Democratic Party of Austria (SPO, center-left)."This means that unless it will be available in Austria unemployed a job can be...
Mark Zuckerberg wealth has increased by $ 5 billion
Net wealth of Mark Zuckerberg grew by about $ 5 billion in January, more than any billionaire in the Forbes list, enough to recover losses incurred by Facebook founder immediately after the victory of Donald Trump in American presidential elections of November 8, MarketWatch forward.Zuckerberg's fortune growth was fueled by higher incomes of Facebook and a series of favorable analyst reports that made the company's stock was approaching a historic high of over 133 dollars per unit achieved in October.Facebook shares ended Friday at $ 128.34...
Theresa May wants to speed up the process of Brexit before the end of March
British Prime Minister Theresa May will go ahead with plans to exit Great Britain from the European Union despite the Supreme Court decision obliging the government to seek Parliament's consent to trigger Article 50 of the Treaty of Lisbon.Moreover, chances are that Article 50 be triggered before the end of March, as prime minister wants Theresa May, writes Reuters in an analysis published Tuesday.Even if the judges of the highest judicial authorities in the UK have decided that Parliament must give its consent on the start of negotiations for...
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