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As the number of workers taking international assignments increases, companies have more responsibility to look after their LGBTI employees who face persecution while on assignment. Russia, Nigeria, Saudi Arabia and Indonesia are becoming some of the most challenging expatriate assignment destinations for multinational firms, according to relocation business BGRS. This is in part because these
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What if globally designed products could radically change how we work, produce and consume? Several examples across continents show the way we are producing and consuming goods could be improved by relying on globally shared digital resources, such as design, knowledge and software. Imagine a prosthetic hand designed by geographically dispersed communities of scientists, designers
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Today, megacities have become synonymous with economic growth. In both developing and developed countries, cities with populations of 10 million or more account for one-third to one-half of their gross domestic product. Many analysts and policymakers think this trend is here to stay. The rise of big data analytics and mobile technology should spur development,
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Brazilians are moving away from Catholicism. Today, fewer than 50 percent of Brazilians identify as Roman Catholic, down from 92 percent in 1970. But after 500 years in South America, the Catholic Church remains deeply enmeshed Brazil’s economy and society. Among its many footholds is a little-known tradition called the Movimento das Capelinhas, or “small
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Can religion and spirituality promote ethical behaviour in the workplace? It’s a contentious issue, but our research comprising interviews with forty Indian top level executives suggests it might. We found that virtues embedded within the various traditions of religion and spirituality (Hinduism, Jainism, Islam, Sikhism, Christianity and Zoroastrianism) play a role in ethical decision-making in
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The White House recently announced new financial sanctions on Venezuela in a rebuke to the country’s power-grabbing president, Nicolás Maduro. Earlier this month, his Socialist Party created a special government-controlled assembly aimed at rewriting the nation’s Constitution and, in effect, replacing the opposition-controlled legislature. Since late 2016, low global oil prices and government mismanagement have
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Chile, Costa Rica and Mexico were Latin America’s big winners in the 2017 edition of the Global Innovation Index (GII), which ranks the world’s economies on their innovative capabilities (innovation inputs) and measurable results (innovation outputs). The GII report, launched in June at the United Nations Headquarters in Geneva, Switzerland, was co-authored by Cornell University,
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Today, freelancers represent 35% of the United States workforce. In the European Union, the rate is 16.1%. Both figures demonstrate the same global trend: from creative entrepreneurs to those paid by the task, freelancing is on the rise worldwide. So, too, are analyses of this phenomenon, as journalists, sociologists, human resources specialists, life coaches, even
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When US President Donald Trump imposed new restrictions on Cuba in June 2017, he professed his administration’s aim was to “encourage greater freedom for the Cuban people and economic interaction”. Raúl Castro, who took over from his brother Fidel in 2008, has been trying to figure out that last part for years. In 2010, Castro
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Wouldn’t it be great if something as simple and pleasurable as international travel could help end something as grinding and enduring as global poverty? After all, the industry is booming, growing at least 4% a year since the 1960s (with a brief slowdown in 2009), according to the United Nations World Tourism Organisation (UNWTO). In
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In Pakistan, there’s no topic hotter than the China Pakistan Economic Corridor (CPEC), a multi-billion dollar bilateral development project that will, officials promised in 2015, “usher in an era of unprecedented progress and prosperity”. The CPEC is not only Pakistan’s first big injection of foreign direct investment in a while, its focus on energy development
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Infosys, India‘s second-biggest software services exporter, reported a 1.4 percent increase in first-quarter profit on Friday, slightly beating street estimates, helped by key client wins. Bengaluru-headquartered Infosys posted a consolidated net profit of 34.83 billion rupees ($540 million) for the three months ending June 30, compared to 34.36 billion rupees in the same quarter last
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Target’s surprisingly positive preannouncement may have lifted retail stocks as investors wondered if their fears about the sector were overblown, but Jim Cramer remained skeptical. “While Target’s news flash is certainly good for Target and for its long-suffering shareholders, it’s not necessarily good enough yet to ignite a sustainable rally in the group – and
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Check out which companies are making headlines after the bell: Shares of CyberArk plummeted more than 17 percent in extended trading after the company reported preliminary second-quarter revenue below its forecast. The company now expects revenue to come in between $57 million and $57.5 million, instead of its previous forecast for $61 million to $62
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It has also hired a new adviser, Morgan Stanley, to lead the IPO, along with Citigroup, the sources said, asking not to be named because the process is confidential. Morgan Stanley, Roku and Citi declined to comment. The Wall Street Journal first reported that Roku had hired underwriters on Thursday. The company said in February
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Advocates for increasing Social Security’s benefits are counting on today’s release of the annual trustees report to provide some fodder for their cause. While the yearly analysis confirmed the program’s long-term funding woes, proponents for expansion say it also proves the government can afford it. “The numbers make it clear that the question about whether
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With more shoppers heading to its stores and sales improving, Target boosted its second-quarter earnings forecast Thursday, sending the retailer’s stock higher. Target said it now expects a “modest increase” in second-quarter comparable-store sales, a metric closely watched by Wall Street for retail stocks. Previously, the discount retailer had predicted that same-store sales would be
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Biotech company Tesaro‘s sale process is unlikely to result in a deal, sources familiar with the situation told CNBC. There is nothing imminent at all, the sources said. The expectation the company had in terms of price were not met by the incoming expressions of interest it got from potential bidders, according to the sources.
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Department store operator JC Penney said it was opening toy shops in all its stores and has already doubled its online assortment of toys over the last year, with plans to expand further by the holiday season. The retailer, which has over 1,000 stores, will sell toys from brands including Mattel’s Fisher Price, Hasbro and
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Delta Air Lines on Thursday reported an increase in quarterly passenger unit revenue, a closely watched metric, but higher costs weighed on its bottom line. Breaking a losing streak that has plagued much of the industry for the last two years, Delta posted a 2.5 percent increase in passenger unit revenue, which measures sales relative
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The Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he
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