Back in November in this very column, I wrote an article called “Stop the big tech headcount!” — a nod to the desperate need for big tech firms to slow down the hiring madness. It was obvious to anyone with the smallest appreciation for operating margins that things simply couldn’t continue the way they were.
In banking, the concept of “jaws” gets thrown around. It means the difference in growth rate between revenue and expenses. If revenue is growing faster than costs, you’re in positive jaws territory and margins are going the right way. Banks watch this carefully because it is difficult for them to claw back any margin destruction...
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THE FINANCE GHOST: Yes, big tech stopped the headcountA frenzied hiring spree among the goliaths is finally over, replaced by sweeping layoffs. But don’t think the heady Covid margins are bouncing back any time soon, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »
East Africa: African Leaders Want Easier Access to Climate FinanceWhile Africa is constantly assured that it holds a well-deserved seat in climate financing negotiations, leaders have informed the International Monetary Fund (IMF) that the process involved in acquiring such funding is still burdensome.
Source: allafrica - 🏆 1. / 99 Read more »
Finance directors have to prove their mettle amid end of easy moneyDemand rises for good CFOs as companies grapple with inflation and higher rates
Source: BDliveSA - 🏆 12. / 63 Read more »
African Leaders Want Easier Access to Climate FinanceWhile Africa is constantly assured that it holds a well-deserved seat in climate financing negotiations, leaders have informed the International Monetary Fund (IMF) that the process involved in acquiring such funding is still burdensome, writes Alice Kagina for The New Times. IMF Managing Director Kristalina Georgieva was in Rwanda on a three-day working visit, seeking to deepen climate financing schemes for developing countries in the region and explain the operational context of the IMF's new Resilience and Sustainability Trust (RST). She participated in a roundtable discussion with East African finance ministers and Central Bank governors, where they informed her that the process involved in acquiring climate financing under the RST is still burdensome. Rwanda is the first African country to secure a U.S.$319 million loan under the RST - an initiative that aims at helping low-income and vulnerable middle-income IMF members address longer-term structural challenges such as climate change with longer-term low-cost financing. However, Georgieva commended Rwanda's commitment to fighting climate change and being the first African country to access the IMF's financing facility to build resilience to climate change. The topic of climate change has been a priority in many meetings of pressing global issues as a result of long-term developmental actions taken by countries without considering the future impact they would have.
Source: allafrica - 🏆 1. / 99 Read more »
International Finance: Asian stocks rise after tech rally boosts S&P 500: markets wrapStocks in Asia gained on Friday, following US equities higher after a rally in tech shares helped investors shake off mixed economic data that suggested a path to a soft landing, but the risk of recession persists.
Source: dailymaverick - 🏆 3. / 84 Read more »