Tag: business

Google Chrome Will Stop Working On Some Windows PCs…And Other Small Business Tech News This Week

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

1 – Google Chrome will stop working properly on millions of Windows PCs this week.

According to recent reports, Google will stop providing security and technical support for Google Chrome on Windows 7 this week. While older versions of Chrome will continue working, employees and business owners currently using the browser on older versions of Windows have to upgrade to Windows 10 or later as soon as possible in order to receive Chrome releases in the future. (Source: Metro)

Why this is important for your business:

Still clinging to Windows 7? Ah, the few…the proud. But c’mon, it’s time to upgrade. If not just to ensure that your people can use Chrome but also for security reasons. You gave it a good ride and I’m impressed. But it’s time to move on.

2 – The AI industry is booming among the “tech recession.”

With recession fears mounting, companies are concerned about hiring talent, with many successful tech companies anticipating more layoffs and job cuts in the coming months. However, the artificial intelligence space continues to experience success and is expected to see an annual growth rate of over 21 percent and climb by $76.44 billion in the next two years. (Source: Venture Beat)

Why this is important for your business:

One of the

Investcorp Private Credit Appoints New Co-Head as Expansion of Its Credit Business Continues

NEW YORK, Jan. 23, 2023 /PRNewswire/ — Investcorp, a leading global alternative investment firm, today announced the appointment of Suhail Shaikh as Co-Head of Investcorp’s Private Credit business. Based in New York, Shaikh will co-lead the private credit business alongside current Co-Head, Mike Mauer. Shaikh brings with him approximately $200 million of assets under management and three team members from his previous firm Alcentra, expanding the private credit team to 14 professionals and team-managed assets to approximately $500 million. Current Co-Head, Chris Jansen, will take on an advisory role and retire later this year after ensuring a smooth transition.

Shaikh’s appointment marks the latest in a transformational period for Investcorp’s credit business, which in December announced the acquisition of Marble Point Credit Management LLC, a leading US-based CLO manager. Over its 20-year history, Investcorp Credit Management has emerged as a leading player in the private credit space with its public BDC as well as private debt funds.

“We are pleased with the strong momentum in Investcorp’s private credit business and I want to personally thank Chris for his partnership and all his contributions,” said Mike Mauer. “Over the past months, we have expanded our product base and the addition of Suhail and his team’s expertise will only elevate our underwriting and sourcing capabilities, which will be additive to our platform.”

Shaikh has over a decade of private credit investment experience. He joins from Alcentra, where he led their U.S. Private Credit business. Prior to that, he was a Partner and Senior Investment Professional at SLR Capital Partners (formerly Solar Capital Partners). His credit investing experience was preceded by a career in leveraged finance and advisory investment banking at Bank of America Merrill Lynch, CIBC World Markets and JP Morgan.

“I am thrilled to join

STEER Announces a Proposed Transaction for an $18 Million Direct Investment Involving its Digital Restaurant Supply Business (B2B Marketplace)

TORONTO–(BUSINESS WIRE)–STEER Technologies Inc. (“STEER” or the “Company”) (TSXV: STER) (OTCQX: STEEF), an integrated ESG technology platform, is pleased to announce that on January 16, 2023 it entered into a non-binding term sheet (the “Term Sheet”) contemplating the sale (the “Proposed Transaction”) of approximately 37.5% of its digital restaurant supply business (the “Restaurant Supply Business”), which is currently indirectly held through STEER’s wholly-owned subsidiary Food Hwy Canada Inc. (“Food Hwy”), to a syndicate of strategic investors (the “Investor Group”) at a post-money valuation of approximately $48 million.

The Proposed Transaction will be structured by rolling out the Restaurant Supply Business, currently a division of Food Hwy, into a separate newly-formed company (“Newco”) valued at approximately $48 million post-transaction. The Term Sheet contemplates that STEER, Food Hwy and the Investor Group will negotiate and enter into definitive agreements in respect of the Proposed Transaction, pursuant to which it is anticipated that the Investor Group will invest a total of $18 million in cash as part of the Proposed Transaction, with $6 million expected to be received by Food Hwy and $12 million expected to be injected directly into Newco to assist with scaling up operations and growth in regards to the Restaurant Supply Business. Following the completion of the Proposed Transaction, STEER is expected to indirectly retain approximately 62.5% ownership of Newco. It is intended that the $6 million in proceeds that is expected to be received by Food Hwy in connection with the Proposed Transaction will be applied by STEER and Food Hwy to further grow and develop their Subscription-Based and On-Demand service offerings.

It is anticipated that a portion of the financing will come from certain members of the Restaurant Supply

Business minister boasted Britishvolt was Brexit success story months before collapse | Electric, hybrid and low-emission cars

Ministers were using the electric car battery maker Britishvolt as a prime example of the government’s record for “securing business investment in the UK” just months before the scheme collapsed without any public investment.

The company, once heralded as Britain’s potential champion for battery making, fell into administration last week after the failure of last-ditch talks to find emergency funding to keep it afloat. Its demise has been criticised as showing the government’s lack of industrial strategy, the shortcomings of “levelling up” and Britain’s failure to grasp new manufacturing opportunities in the wake of Brexit.

However, it has emerged that just last summer, ministers were still using Britishvolt as an example of the government’s ability to attract investment to the UK. In response to a request from a Tory MP for details of the government’s progress in securing investment, the then-business minister, Jane Hunt, claimed the government “has provided further support to attract significant investment in manufacturing, including delivering Britishvolt’s £1.7bn gigafactory in Blyth Valley, which will support 3,000 direct jobs and a further 5,000 across the supply chain.”

Senior Britishvolt executives are now to be quizzed as part of a parliamentary inquiry into the electric car battery industry. It had been trying to build a large facility near Blyth in Northumberland and had been promised government funds worth £100m, but the grant was dependent on finding private investors for the project.

Government officials met with the company on several occasions, but both the business department and the Treasury concluded its financial and managerial performance meant providing emergency support would not be a good use of public money. There have since been claims of mismanagement and profligate spending by the company, which senior figures have denied.

It is an embarrassment for the government, in a week in which it was

Making profit and expanding in crayfish business


Onyekachi Ona , a crayfish trader popular in the eastern part of the country says she started her small business with just N3,000, but has paid her off in so many ways as she smiles to the bank . ADEOLA AKINBOBOLA, writes. 

Starting a business and nurturing it to an enviable height is the greatest challenge of many entrepreneurs, with many businesses going under just after a few years of its establishment. 

Kachi popularly known by her customer is a trader at Utako market. She hails from Anambra state but came to Abuja in 2013 to seek greener pastures which she hasn’t regretted so far. 

According to her, starting the business was not a major challenge as she believes in hard work and plans to export smoked and well packaged fishes to all parts of the country.

While recounting to Business Starter, brimming with optimism, she said that laziness is not an option for her as she quickly established herself in Abuja.

Early beginning

According to Kachi, her early beginning will forever be fresh in her memory as she set out to add to humanity with her business at the earliest opportunity she got after her training in 2012.

The 36 year-old mother of 3 said in 2013, “I started my own business after being trained by my grandma. In fact, when the crayfish got to the table, I started thinking of the value I could add in order to stand out. 

“By way of doing something different from others, I decided to package the crayfish and after doing that, it was nice and appetizing. That was how the business started, with my being innovative and applying ideas different from others,” she said.

Expansion

She said she will never rest until her crayfishes make their ways to different parts

Tuck School of Business | Slaughter & Rees Report: The Good Jobs America Needs Are Global Jobs

Happy new year (and, for those of you in China or who are celebrating it elsewhere, happy Year of the Rabbit). Because of rampant inflation, 2022 was one of the worst years in decades for falling real incomes across the globe.

Here in America, real average weekly earnings of all U.S. workers fell 3.1 percent in 2022. A central policy challenge in the year ahead is not just creating jobs. It is creating good jobs, i.e., jobs with high and rising incomes.

How to meet this challenge? Just before the winter holidays, the U.S. Bureau of Economic Analysis released new data that show the way forward. In 2020, a certain set of U.S. companies employed 28.4 million workers in America at an average annual compensation of $84,925—about 20 percent higher than the average for the rest of the U.S. private sector.

Which companies? The U.S. parents of U.S.-headquartered multinational companies. U.S. multinationals have long been among America’s strongest firms. Although they comprise far less than 1 percent of U.S. companies, in 2020 their U.S. parents accounted for 23.1 percent of all private-sector jobs, 38.5 percent of investment in plant and equipment, 46.4 percent of exports of goods, and a remarkable 72 percent of business spending on research and development.

Despite the common allegation that multinationals simply ‘export jobs’ out of America, research consistently shows that expansion abroad by these firms has tended to complement—not substitute for—their U.S. operations.

Despite the common allegation that multinationals simply “export jobs” out of America, research consistently shows that expansion abroad by these firms has tended to complement—not substitute for—their U.S. operations. More investment and employment abroad have tended to create more American investment and jobs as well. From 1988 to 2020, employment in foreign

Small Business Trends

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Undesirable Business

BusinessStarting a backyard nursery is relatively simple and inexpensive in comparison to opening a industrial plant nursery in town. But the dilemma remains that the Conservatives will throw the anti-business charge the moment Labour adopts any measures that restrict business freedom or threatens the incomes of business executives, and business leaders – for factors currently explained – will back them up. If this leads to a considerable number of voters concluding that Labour are not competent to run the economy, we are in danger of challenging wiring poor business.

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Business & Management Quarterly Assessment Issn

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Monkey Business! Scrapbook Lounge

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