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Last month, amid a series of mounting economic and political crises, South Korean President Yoon Suk Yeol issued a martial law decreethe first in more than 40 years. Yoon claimed that it was necessary to eradicate anti-state forces and protect constitutional order. Meeting overnight in an emergency session, the National Assembly voted unanimously to revoke the measure, but on December 4, just hours after the emergency order was declared, tens of thousands of Koreans gathered outside Parliament,
Just a few decades ago, giving financial advice was largely a manual process – printing lengthy financial plans, processing physical checks, and managing paper files. Then, technology evolved, introducing tools like Excel, the internet, and sophisticated financial planning and CRM software that transformed how advisors deliver financial advice.
Starting Jan. 1, the United Arab Emirates (UAE) will levy a tax of 15% on large multinationals (MNCs) operating in the country as part of corporate tax reforms required by the Organization for Economic Cooperation and Development (OECD). The OECD framework aims to clamp down on tax avoidance. The OECD regulations known as the Global Anti-Base Erosion Rules or GLoBE, has seen over 135 jurisdictions agree to update elements of the international tax system.
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Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Some have greatness thrust upon them. Syria and its well-wishers worldwide hope that acting finance minister Riad Abd El Raouf will enter those ranks in the coming months. Raouf, 49, cuts a lonely figure as the only Bashar al-Assad appointee retaining a top cabinet post after the dictators shocking ouster by Islamist rebels. With a doctorate in accounting and auditing from Frances Universite Paul Verlaine, trilingual in Arabic, French and English, Raouf returned home to teach at Damascus Univers
Former Prime Minister Dr. Manmohan Singh, a key architect of Indias 1991 economic reforms, passed away on Saturday at the age of 92. Dr. Singh is credited with liberalising Indias economy, dismantling protectionist policies, and steering the country towards global integration. He had been hospitalised at the All India Institute of Medical Sciences (AIIMS) following a decline in his health.
Former Prime Minister Dr. Manmohan Singh, a key architect of Indias 1991 economic reforms, passed away on Saturday at the age of 92. Dr. Singh is credited with liberalising Indias economy, dismantling protectionist policies, and steering the country towards global integration. He had been hospitalised at the All India Institute of Medical Sciences (AIIMS) following a decline in his health.
Nippon Life Insurance, Japans largest private insurer, is spending $8.2 billion on global life insurance firm Resolution Life Group Holdingsmarking the largest overseas acquisition in Japans insurance industry. This move underscores Nippon Lifes ambition to bolster its global presence amid a shrinking domestic market due to Japans aging population and low-interest-rate environment.
Top political leaders and business tycoons on Thursday mourned the demise of former prime minister Dr Manmohan Singh, saying that his leadership, humility, and dedication will always be remembered.
Paul Rouse is CFO and treasurer of Thryv Holdings, Inc., a Nasdaq-listed company that provides a small-business software platform to clients who seek to reach more customers, stay organized, get paid faster, and generate reviews. Rouse has an extensive career in finance and has been CFO of Dallas-based Thryv for over 10 years. Global Finance: How has the CFO role changed?
Union Budget 2025: India is planning to reduce income tax for people earning up to 1.5 million rupees a year. This could help the middle class and boost consumption in the slowing economy. The decision will be made closer to the February budget. The move aims to make more people opt for a newer, simpler tax system introduced in 2020.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
It was the year-end story that captivated many but eluded most: Willow [a quantum processor] performed a standard benchmark computation in under five minutes that would take one of todays fastest supercomputers 10 septillion (that is, 10) years a number that vastly exceeds the age of the universe, Google researchers announced in a blog post in December.
India's economic growth post-liberalization cannot be hailed without recognizing the significant contribution of former Prime Minister Dr. Manmohan Singh. His journey began long before he assumed charge as the 13th Prime Minister of the country.
Comprehensive FX management integrates tools, analytics, and AI to mitigate currency risks. A comprehensive foreign exchange (FX) exposure management strategy combines tools and techniques to identify, measure, and manage currency risks, empowering businesses to confidently navigate the complexities of the global marketplace. GTreasury is our award winner as Best TMS Provider with FX Module.
Indias government partly blames the central banks tight monetary policy for weak economic performance. They expect growth to improve in the second half of the fiscal year as demand increases and restrictive measures ease. The central bank may cut interest rates to support growth. Rural and urban demand shows signs of recovery.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. Ashley Pater , general manager of Hedge Trackers LLC, a global accounting, consulting, and software services company focused on financial risk protection, owned by platform provider GTreasury says automation is improving FX risk visibility, transforming FX risk management from a reactive task to an operational imperative.
Dr. Manmohan Singh once famously remarked that history would be kinder to him than the contemporary media, in response to the sharp criticism he faced during his tenure. Now, as the former Prime Minister and, more significantly, the architect of India's liberalization, passes away at 92, that moment of stocktaking has arrived.
Egypt has achieved a historic milestone with the initial public offering (IPO) of United Bank on the Egyptian Exchange (EGX). This would be the first bank listing in over 25 years and the countrys first IPO since 2021. The move is a cornerstone of an International Monetary Fund (IMF)-backed privatization program aimed at attracting private-sector investment and bolstering economic resilience.
Union Budget 2025: Finance Minister Nirmala Sitharaman is expected to prioritize rural infrastructure in Budget 2025, especially through the PMGSY scheme. An increased outlay aims to improve rural road connectivity, enhance agricultural market access, drive rural consumption, generate employment, and strengthen financial inclusion, with a substantial allocation anticipated.
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