Month: May 2023

Clovity awarded USPAACC’s Fast 100 Asian American Business Winner for 2023

by  on  in American Business News
Clovity secures the esteemed "USPAACC's FAST 100 Asian American Business Award" once again for 2023!

Clovity secures the esteemed “USPAACC’s FAST 100 Asian American Business Award” once again for 2023!

This achievement speaks volumes to Clovity’s commitment to providing innovative solutions and excellent customer service. We are dedicated to being a leader in the IT and IoT space as well as empowering customers with powerful technology solutions.


SAN FRANCISCO (PRWEB)

Clovity, a leading provider of IT & IoT enterprise technology solutions and digital transformation services announced today that they have been named a winner of the Fast 100 Asian American Business Awards 2023. The award honors the fastest-growing Asian American businesses across the United States for the previous year.

The USPAACC Fast 100 Asian American Business Award celebrates Clovity’s continued success since winning in 2022. In 2023, Clovity reported exponential growth due to its commitment to digital transformation, innovative smart city IoT services, and comprehensive customer support which has allowed them to stand out within a crowded industry. Clovity’s excellence and innovation have propelled them forward to win the prestigious award.

“We are thrilled to have won the Fast 100 Asian-Owned Companies award for two years in a row, both in 2022 and now in 2023! This achievement speaks volumes to Clovity’s commitment to providing innovative solutions and excellent customer service. We are dedicated to being a leader in the IT and IoT space as well as empowering customers with powerful technology solutions.” said Anuj Sachdeva, CEO and Founder of Clovity. He adds, “We look forward to continuing our mission of expanding technology uses and use cases that enable enterprises everywhere to harness emerging technologies. With each year that passes, we will strive harder to make sure our customers get the best experience possible.”

For over 30 years, the USPAACC has been providing business matchmaking for enterprises, the

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Business News | Exploring Crypto Investment Security: A Comparative Analysis of Dogetti and Other Platforms

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ATK

New Delhi [India], May 31: In the rapidly evolving realm of cryptocurrencies, it has become essential for individuals seeking lucrative opportunities to prioritize secure and strategic investments. This article explores the rules and regulations governing crypto investments, platform security, with a particular focus on Dogetti (DETI), a distinctive participant in the market. Our aim is to present readers with a blend of informative and entertaining content, offering insights, education, and updates on the crypto market, while emphasizing the crucial aspect of security. Join us as we delve into Dogetti’s implementation of security measures and draw comparisons with other industry players.

Also Read | World No Tobacco Day 2023 Wishes & Slogans: Greetings and Messages for the Day That Spreads Awareness Regarding the Harmful Effects of Tobacco.

Dogetti embraces the concept of building a strong and united community of holders. Inspired by mafia-themed books and films, Dogetti refers to its community as “The Family,” aiming to establish a sense of togetherness and uniqueness. By branding themselves as a family, Dogetti aims to make users and buyers feel like they are part of something special. The main objective of the project is to increase the net worth of every family member.

Dogetti’s security measures are designed to provide peace of mind to its community. The platform utilizes blockchain technology, a decentralized and immutable ledger, to ensure transparency and security in all transactions. The blockchain’s distributed nature makes it highly resistant to hacking attempts, protecting users’ investments and personal information.

Also Read | French Open 2023: Bianca Andreescu Overcomes Victoria Azarenka 2-6, 6-3, 6-4 in First Round.

Dogetti’s 2 per cent reflection protocol is a notable feature that sets it apart. This protocol rewards holders by redistributing a portion of each transaction back to them. This approach incentivizes long-term holding and fosters

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News publishers say ban by tech giants would devastate them

by  on  in Business Google News

OTTAWA—Canadian news publishers have shed new light on how journalism in Canada could be harmed if big tech platforms make good on their threats to block the posting of their content, should Ottawa’s online news bill pass unchanged.

Jeff Elgie, the CEO of community news company Village Media, told senators studying the bill that Google and Facebook generate more than 50 per cent of his digital company’s web traffic.

“If that traffic was lost, the business would be over,” said Elgie, whose company owns 25 local news publications across Ontario.

Pierre-Elliott Levasseur, the president of Quebec’s La Presse and a director with News Media Canada, said if news sharing was blocked on Facebook alone, the French-language news outlet would take a “financial hit” of under a million dollars.

And Phillip Crawley, the publisher and CEO of the Globe and Mail, said a potential Facebook news ban in Canada would mean a loss of “millions of dollars” for the national newspaper.

What is Bill C-18 and why are Google and Meta worried about it?

The trio were discussing Bill C-18, or the Online News Act: a proposed piece of legislation the Liberals and many media organizations hope to see passed before Parliament rises for the summer. The bill would compel digital giants like Google and Meta — Facebook’s parent company — to strike deals with Canadian media publishers for sharing and directing their users to online news content. The Liberal government views the bill as a way to support a shrinking journalism industry Ottawa says has been hurt by tech titans’ domination of the digital advertising market.

Torstar, which owns the Toronto Star, supports the bill, and currently has deals with both platforms for news sharing.

Both Google and Meta oppose aspects of the proposed legislation, arguing that news content accounts

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American businesses face two huge tax increases this year

by  on  in American Business News

OPINION:

To pay for the trillions of dollars in spending the Biden administration has overseen over the past two years, President Biden has been advocating tax increases, particularly on the “wealthy” and corporations. But what he fails to mention is that American business owners and their companies are already facing at least two huge tax increases this year.

The first has to do with research and development expenses.

Before last year, thanks to the 2017 Tax Cuts and Jobs Act legislation passed under the Trump administration, businesses that incurred these types of expenses — including supplies, technologies, salaries, contractor fees, materials and other overhead used to develop products — were allowed to deduct these costs in the year incurred, rather than capitalizing them as inventory and amortizing over a five-year period. But that part of the provision — known to us in the profession as Section 174 of the IRS Code — expired at the end of 2021.

So what does this mean? It means that as of last year, all of these expenses are required to be amortized and not deducted in the year incurred. So a company that was receiving significant tax deductions for their R&D investments is now getting only 20% of that deduction this year.

Many of my clients, thinking that this deduction would be reinstated at the end of 2022, underpaid their estimated taxes for last year and are only catching up. Now they face the same problem this year. The accounting community has been urging Congress to defer this — and other expiring provisions of the 2017 act — to 2025, not only because of the added tax expense but also the compliance headaches it’s causing.

“We urge Congress to ease the confusion and stress by immediately extending the expensing provision related to section

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Breaking News on May 28: IPL 2023 CSK vs GT Final delayed | US Debt Ceiling Update | Renewed clashes in Manipur | New Parliament building inaugurated

by  on  in Business Breaking News

Latest News Today, May 28: Here is a sneak peak at national-international affairs as well as happenings in the field of business, finance, economy and sports that kept you abreast of relevant news. The day was loaded with newsmakers with headlines on: Clashes between militants and security forces in Manipur, PwC report on UPI, Protesting wrestlers detained, GSLV rocket launch, Mild earthquake in parts of India, PM Modi inaugurates new Parliament building, Data to drive equity markets, and IPL 2023 Final CSK vs GT. Stay tuned with FE.Com that will keep you one notch ahead of others with the influx of breaking and tending news.

IPL 2023 Final CSK vs GT: Match delayed

The rain-hit IPL 2023 grand finale between Chennai Super Kings and Gujarat Titans has been called off! yes, you are reading it correct. After multiple cutoffs and several twists and turns, the final picture is this – the IPL officials have activated the reserved day clause and the IPL final match will now be played on Monday – May 29, 2023. Read More

US Debt Ceiling Update: Will the crisis get resolved by June 5?

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “ agreement in principle ” to raise the nation’s debt ceiling and avoid a potentially catastrophic default. The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month.To reduce spending, as Republicans had insisted, the package includes a two-year budget deal that would hold spending flat for 2024 and impose limits for 2025. That’s in exchange for raising the debt limit for two years, until after the next election.It also expands some work requirements for food-stamp recipients and tweaks an environmental

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JPMorgan developing ChatGPT-like A.I. investment advisor

by  on  in Business Investment News

Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May.

Giulia Marchi | Bloomberg | Getty Images

JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers, CNBC has learned.

The company applied to trademark a product called IndexGPT this month, according to a filing from the New York-based bank.

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IndexGPT will tap “cloud computing software using artificial intelligence” for “analyzing and selecting securities tailored to customer needs,” according to the filing.

The viral success of OpenAI’s ChatGPT technology last year has forced entire industries to grapple with the arrival of artificial intelligence. ChatGPT, which uses massive language models to create human-sounding responses to questions, has ignited an arms race among tech giants and chipmakers over what is seen as the next foundational innovation.

The technology has a range of possible uses in finance. Banks including Goldman Sachs and Morgan Stanley have already begun testing it for internal use. That includes ways to help Goldman engineers create code or answer Morgan Stanley financial advisors’ queries.

First mover?

But JPMorgan may be the first financial incumbent aiming to release a GPT-like product directly to its customers, according to Washington D.C.-based trademark attorney Josh Gerben.

“This is a real indication they might have a potential product to launch in the near future,” Gerben said.

“Companies like JPMorgan don’t just file trademarks for the fun of it,” he said. The filing includes “a sworn statement from a corporate officer essentially saying, ‘Yes, we plan on using this trademark.'”

JPMorgan must launch IndexGPT within about three years of approval to secure the trademark, according

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How Your Business Needs to Adapt to Google’s Search Generative Experience

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Graphic - Search concept - Source Milestone
  How Your Business Needs to Adapt to Google’s Search Generative Experience

Excerpt from Milestone

Milestone’s Take: Search Generative Experience impact and how your business needs to adapt

We’re going to be calling out the key changes your business needs to be ready for – to adapt and drive its visibility on search:  

BARD and Google Lens Integration: Visual Search is gaining prominence  

Quoting Wall Street Journal, Google is now making the search experience “visual, snackable, personal, and human,”. Not only are you going to see image and video rich results along with generative AI answers, but with BARD and Google Lens integration, you can now use images as part of your prompts/queries. That’s right, ask a question/prompt using images!  

Action: Optimizing your images for visual search is imperative to grab SERP visibility. In short, follow Google’s image SEO best practices as elucidated by Google’s John Muller. Ensure quality and safe search, include descriptive titles, captions, filenames, and text for your images. Optimize images for page speed and add schema or structured data to drive entity recognition. Most importantly, treat your images as entities (no duplicate images across locations and channels) for them to be recognized effectively in Google’s Knowledge Graph.  

Zero Click Results Redefined

With BARD going to be everyone’s first interaction on search, most likely the featured snippet rich result is going to be a thing of the past. But this means that the “new” Zero click results that will be powered by Generative AI will showcase multi-modal results (images, text, video) – in-depth material in a single answer.  

Action: Optimize your content for relevance, expertise, and authority across formats – text, image, video, and voice. Use the Helpful Content guidelines to offer content that relates to the users’ needs and optimize your content for entity

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American Business Council of Pakistan Annual Survey Relates Concerns in Operating Businesses During Times of Economic Instability

by  on  in American Business News

The American Business Council of Pakistan (ABC), conducted its annual survey among 60 companies in its association to assess the current business environment in the country.

The survey findings reveal that the companies have made significant contributions during the Fiscal Year (FY) 2021-2022. However, significant apprehensions exist about the ease of operating business in the present and short-term future and concerns about Pakistan’s international perception have been raised, emphasizing the need for immediate government support and policies to facilitate the investment and expansion plans of American companies operating in Pakistan for the FY 2023 and beyond.

Key findings from the annual survey include:

Contributions: The participating companies have made substantial contributions to the Pakistan economy during the FY 2021-2022. This includes the cumulative revenue of PKR 847Bn, exports worth PKR 81Bn, a capital investment of 57 Bn in the L3Y and national exchequer amounting to PKR 159 Bn. These companies have also actively engaged in CSR activities, contributing significantly – PKR 1.6 Bn – to various social and community development initiatives. Their commitment to making a positive impact in Pakistan goes beyond business operations.

Future Investment: 61% of the companies expect a negative GDP growth in the FY 2023 and 83% have major concerns about operating business smoothly in this current short term economic scenario. 94% of the companies are, however, expect that the situation may turn around eventually and feel more optimistic about the long-term future but not the short-term. Nonetheless, 67% of the companies have plans for further investments and expansion in Pakistan in the FY 2023.

Ease of Doing Business: 48% of the respondents expressed concerns about a drastic decline in the ease of doing business in Pakistan. Cumbersome regulatory processes, bureaucratic hurdles and inconsistencies may be causing obstacles that hinder business operations and growth.

International Perception

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India News: India top destination being explored by MNCs as alternative to China, finds global CEO survey

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India is the top destination being explored by multinational corporations as an alternative to China, according to a survey of 100 CEOs who primarily represent foreign B2B-focused firms.

The CEOs also consider Vietnam, Thailand and their own home countries as potential options.

Amid China’s increasing geopolitical assertiveness, questionable trade and business practices, and rising labour costs, 88% of the CEOs who participated in research firm IMA India’s 2023 Global Operations Benchmarking Survey opted for India as their primary alternative to China. The survey was run among companies with a presence in India.

“In the last five years foreign MNCs have increased their onground presence in India, partly as a result of diversification away from China. In particular, the IT & ITES companies are ramping up the share of their global workforce that is based in India,” said Suraj Saigal, Research Director, IMA India.

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According to a report based on the survey, nearly 70% of the firms saw substantial changes to their business strategies and onground operations in China in the past three years. The industrial sector shows a more prominent pull-back compared to the services sector. Among those implementing changes 56% have decreased their sourcing from China and 41% reduced investments.

While a minority completely exited, 6% of the surveyed companies have scaled back their market engagement.

The research also examined how businesses are perceiving and capitalising on the opportunities presented by India, taking into account the recent shifts in commercial and geopolitical strategies.

From FY18 to FY23, India’s estimated global share in workforce has increased from 22.4% to 24.9% in mean percentage terms, while revenue share has risen from 14.8% to 15.8%. These figures demonstrate incremental growth for India on the global stage during this period.

As per the study, a larger proportion of manufacturing companies, in comparison to

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What to look for in a gold investment company

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gettyimages-1358625523.jpg
If you choose a self-directed gold IRA, make sure your investment follows IRS requirements. 

Getty Images/iStockphoto


As uncertainty about a potential recession grows — coupled with the lasting effects of elevated inflation — more Americans this year are turning to gold investments.

But once you’ve decided to add gold to your portfolio, it can be a challenge to figure out exactly how to do it. You might choose to buy shares in a gold ETF with the brokerage you already use or gold futures contracts. You could also simply buy gold bullion, in the form of gold bars or coins. Another popular option for long-term investors is a gold IRA, which allows you to invest in physical gold using a tax-advantaged retirement account.

Gold IRAs are unique because you typically need to use a company to help you buy the gold and act as custodian so that you can meet IRS requirements for your self-directed IRA. You can also use these companies to assist your physical gold bullion purchase, even if you don’t plan to put it in an IRA. 

To help you get started, we’ve outlined a few things below you should always consider when choosing a company to assist with your gold investment.

Learn more about gold investing with a free information kit today. 

What to look for in a gold investment company

These are some details to look for when searching for a gold investment company:

IRS requirements and approved custodians

If you’re specifically looking to invest in a gold IRA, perhaps the most important thing you can do is ensure your investment follows IRA rules. Otherwise, you could face penalties or fines from the agency.

To start, make sure the gold the company buying on your behalf meets IRS standards. The IRS outlines eligible

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