#CNBC Africa

[internationalnewz]

"Having To Miss Out On World Cup…": Shubman Gill's Bittersweet Review Of 2023

It has been a brilliant year for Shubman Gill. The talented Indian cricket team opener showed brilliant form in all three formats of the game and his numbers specifically in ODI cricket were extraordinary. Gill is currently the leading run-scorer this year with 1584 runs in 29 matches at an average of 63.36 with the help of five centuries. However, in a recent interaction, the youngster said that the loss in the Cricket World Cup 2023 final somewhat dampened his mood but was quick to point out that he, along with his teammates, will have a chance to improve situations in the upcoming T20 World Cup 2024.

“I think it’s been a great year for me but having to miss out on the World Cup obviously dampened the mood a bit, but fortunately, we have another World Cup coming up next year so we are all looking forward to it,” Shubman told CNBC-TV 18.

“In the next one year, there is the World Cup coming, a very important Test series coming up in Australia, and I think this year is not over yet, we have the Test series, coming up in South Africa as well. I think the Test series in Australia and the South Africa series are going to be really big ones and those are the matches I am really looking forward to,” he added.

Gill will also have added responsibility in 2024 as he will take over as the Gujarat Titans skipper after the departure of all-rounder Hardik Pandya. Pandya rejoined Mumbai Indians in a sensational trade move and as a result, Gill will be leading the side with Rashid Khan possibly being the vice-captain.

“I am going to be captaining Gujarat Titans, that is a very exciting challenge and that’s gonna be a lot of learning, from that experience hopefully, I can take those learnings and improve myself based on those experiences and learnings, and only that is going to help me in the next year,” he said.

[jenifersohowe]

🎶 MUSIC VIDEO TEASER PRODUCTION LABEL NAMED HOWE'S SONG " WE DON'T TALK ...

==========&===========

#shorts  #short  #shortsvideo  #shortvideo   #shortsmusic  #musicindustry  #musicblog  #musica  #musicvideo  #musician  #musically  #musiclabel  #musicproduction  #musicpublishing  #musicbank  #musiccomposer  #musiccommunity  #director  #composer  #musicmaster  #vocal  #vocals  #artist  #artistic  #concert  #concerts  #festival  #festivals  #performance  #musicmix  #tv  #tv9  #tvchannel  #ad  #podcast  #podcasts  #broadcast  #broadcastnews  #broadcasting  #broadway  #entertainment  #musicentertainment  #tvnetwork  #tvnet  #internet  #international  #online  #onlineshopping  #onlinestore  #onlineapp  #appstore  #applestore  #applemusic  #applepodcast  #appleringtones  #applesong  #appletv  #spotifypodcast   #spotify  #spotifyplaylist  #spotifymusic  #spotifyartist  #spotifypremium  #soundcloud  #sound  #soundtrack  #soulmusic  #popmusic  #hiphopmusic  #dancemusic  #countrymusic  #rock  #rockstar  #pop  #popstar  #hiphop  #electronicmusic  #dance  #media  #socialmedia  #socialnetwork  #network  #networking  #netflix  #net  #networth  #musicbusiness  #commercial  #entrepreneur #capitaltv  #suburban  #country  #asia  #asianet  #africa  #middleeast  #australia  #europe  #america  #americatv  #amazon  #amazonstore  #amazonmusic  #disney #disneyplus  #disneychannel  #disneytv  #BBC  #BBCnews  #ABCnews  #ABCnetwork  #BBCnewstoday  #CBSnews  #CBSbroadcasting  #CBS_broadcasting  #capitalnews  #capitaltvonline  #CNNnewstoday   #CNN  #FOX  #FOXnews  #FOXtv  #CNBCtv  #CNBCtelevision  #CNBC  #NBC  NBCnews  #TEXASnews  #MSNBC  #MSNBCnews  #MSNBCchannel  #pressnewstv  #press  #forbes  #forbesmagazine  #entertainmentnews  #entertainingvideos  #entrepreneur  #goodmorningamerica  #ABCnewsaustralia  #asianetwork  #asiatvnews  #europenews  #middleeastnews  #musicnews  #musicchannel  #vlog  #blog  #musicchart  #academia  #academy  #awards  #grammys  #billboard  #billboardmusic  #billboardhot100  #billboard200  #iheartradio  #iheartmedia  #iheartpodcast  #iheart  #radio  #fm  fmv  #fmmusictv  #fmmundolive  #songs  #songwriter  #song  #worldmusic  #globalmusic  #worldwidemusic  #worldmusiccharts  #genius  #apps  #googlemusic  #reddit  #patreon  #musicapp  #CEO  #hollywoodringtone #hollywoodsongs  #hollywood  #tearser  #teaservideo  #people  #peopleandvlos  #audience  #audio  #youth  #parents  #musiceducation  #musicpromotion  #professional  #career  #job  #careergrowth  #careerguidance  #careerdevelopment  #playstore  #platinum  #musicplaylist  #musicplayer  #certified  #certificate  #musiclover  #musiclovers  #musiconline  #onlinemarketing  #world  #worldwide  #magazine  #musicnews  #kinemaster  #airline  #vogue  #voguedance  #culture  #tour  #fashionmagazine  #style  #styleblogger  #worldnews  #worldnewstoday  #globalupdates  #globalnews  #HBO  #HBOmax  #HBOorignal  #deezer  #deezermusic  #tidal  #tidalmusic  #television  #televisionprogram  #publictv  #public  #publicnews  #industrial  #apps  #app  #playstore  #musicplay  #pandora  #musicbank  #sonytv  #sonymusic  #sonyentertainment  #sonyentertainmenttelevision  #musicblog  #musicbusiness  #digitalart   #digital  #digitalmarketing  #digitalartist  #musicmarketing  

[optimisticlucio]

<https://www.washingtonpost.com/world/2024/01/11/south-africa-icj-hearing-israel-genocide/>

<https://www.politico.eu/article/south-africas-genocide-case-against-israel-lays-bare-europes-feeble-power/>

<https://www.foxnews.com/politics/fetterman-blasts-south-africa-genocide-case-against-israel-amid-slayings-white-farmers>

<https://www.youtube.com/watch?v=8xNzC-5gm5M> <- USA TODAY

<https://time.com/6553912/israel-south-africa-icj-genocide/>

<https://www.cnn.com/2024/01/11/middleeast/south-africa-israel-genocide-icj-hague-day-one-intl/index.html>

<https://www.cnbc.com/2024/01/11/world-court-hears-gaza-strip-genocide-case-against-israel.html>

I made this list yesterday upon being sent the same meme. It’s not a complete list, but I could find articles covering the lawsuit on every* one of the organizations listed here.

This is how misinfo spreads, people. If something makes you feel shocked but you instinctively agree with it, that’s precisely the stuff you need to double check.

* two exceptions - Fox News only mention the lawsuit in reference to someone criticizing it (which is expected of them frankly), and I couldn’t find one of MSNBC so I linked CNBC.

[vantagevu]

HONOR Goes To Africa Tech Festival

HONOR Announces Media Partners and Industry-Leading Speakers for Africa Tech Festival 2024 Debut HONOR, a global technology leader, proudly announces its strategic media partners and distinguished lineup of speakers for the Africa Tech Festival 2024, where the company will debut as a Gold Sponsor.   HONOR is partnering with renowned media outlets CNBC Africa and Cape Talk to ensure insightful…

[gnatswatting]

• By fostering the discovery of truth and the practice of that which is good for society, philosophy is the most important vector of personal development and can illuminate the path toward more cohesive and prosperous societies. —Hippolyte Fofack

CNBC Africa CNBC Africa (at Internet Archive)

[s-mpis]

Taking a Break from Social Media: How It Can Help Your Mental Health

In today’s world, we are always connected to social media. While it helps us stay in touch, it can also be harmful. Many people, especially young people, are spending too much time online, which is leading to mental health problems like anxiety and depression.

Recently, some people have started doing "digital detoxes." This means taking a break from social media to focus on real-life activities. People are starting to notice how spending too much time online makes them feel bad about themselves and the world around them (Cherry, 2023). Social media can cause people to feel like they aren’t good enough, especially when comparing their lives to others.

From an occupational therapy view, spending too much time on social media can make it harder to do the things that matter, like taking care of yourself, spending time with friends, or even focusing on schoolwork. We call this "occupational imbalance" (Mthembu et al., 2013). It can also hurt your concentration, making it difficult to focus on tasks without being distracted.

The Mental Health Effects

Social media can also make mental health issues worse. Being online too much can lead to feelings of sadness, loneliness, and even thoughts of suicide. The negative content on social media, along with cyberbullying, can have a long-lasting impact on people’s mental health (Robinson & Smith, 2024).

How Occupational Therapy Can Help

Occupational therapists can help people find balance in their lives. We encourage people to take breaks from social media and focus on meaningful activities. This might include things like spending time with loved ones, being outdoors, or doing hobbies that bring joy. These activities can improve both mental health and overall well-being.

In a world full of social media, it’s important to take a step back and reconnect with what really matters. By limiting screen time and engaging in leisure activities, we can improve our mental health and lead happier lives.

References

Browne, R. (2024, August 29). Nokia phone maker launches Barbie handset for $130 — with no internet. CNBC. https://www.cnbc.com/2024/08/28/nokia-brand-owner-launches-barbie-phone-with-no-internet.html

Cherry, K. C. (2023b, October 31). How to do a digital detox. Verywell Mind. https://www.verywellmind.com/why-and-how-to-do-a-digital-detox-4771321

Mthembu, T. G., Beets, C., Davids, G., Malyon, K., Pekeur, M., & Rabinowitz, A. (2013). Influences of social network sites on the occupational performance of adolescents in a secondary school in Cape Town, South Africa: A phenomenological study. Australian Occupational Therapy Journal, 61(3), 132–139. https://doi.org/10.1111/1440-1630.12085

Robinson, L., & Smith, M., MA. (2024, August 21). Social media and Mental health: Social media addiction. HelpGuide.org. https://www.helpguide.org/mental-health/wellbeing/social-media-and-mental-health

[molsons112000]

In one way, it's good for black people, because they get into acting and music. In other places is attention seeking but also they focused on leadership and government, and it was more about fame than it was about doing the job! So, it wasn't really good for them as Thomas. The black economist mentioned seeking political office. Because they weren't seeking it for the best of the community, they were seeking it to fulfill their need for attention. They wanted attention, they wanted power, and they weren't focused on bettering the community.

Reddit · r/psychologystudents

20+ comments · 1 year ago

I feel like many people who claim to have a high EQ or emotional ...

Complaining is not a healthy way to deal with emotions, neither is attention seeking behavior or exaggerating for sympathy. It's also important 

So this is the pasta side of emotional intelligence below...

People with high intelligence can be too clinical, and that's a lot of times why serial killers have issues because of their high. Iq, they don't have as much compassion. And so you need to train compassion into these individuals... And that's why they were doing this with doctors, teaching them compassion in medical school, training that into them. So they give him a good balance between clinical and emotional...

CNBC

July 18, 2024 · https://www.cnbc.com

People with high emotional intelligence always do this when ...

The most emotionally intelligent people have an exceptional ability to weave questions into any conversation to spark and sustain interest.

And this is why black people tend to kill each other, whether it's here, or in africa or in the caribbean.... Because of their high emotional intelligence, they tend to be very sensitive.... And when they feel they have injustice done to them, they want extreme retribution....

Here is how pigment influences emotional intelligence....

Scholarly articles for How pigment influences emotional intelligence

… and mouth curvature influence perceived intelligence …

Talamas · Cited by 60

Pathways from trait emotional intelligence to factors of …

Barberis · Cited by 8

But they have to understand this a cover does influence emotional intelligence in individuals and this is why in these countries, they've had big issues....

Bookey App

February 15, 2024 · https://www.bookey.app

Unlocking the power of the color of emotional intelligence: a guide

Understanding how color influences emotional responses can be particularly useful in various fields such as marketing, design, and even

Scholarly articles for How melanin influences emotional intelligence

The correlation between blood oxygenation effects and …

Alkawaz · Cited by 15

Vitiligo: a psychologically influenced and influencing …

Hautmann · Cited by 80

This is why white people and Asians tend to be less emotional and have more rational intelligence.....

National Institutes of Health (NIH) (.gov)

https://www.ncbi.nlm.nih.gov

Human hypocretin and melanin concentrating hormone levels ...

by AM Blouin · 2013 · Cited by 279 — Human hypocretin and melanin concentrating hormone levels are linked to emotion and social interaction

So this has a lot to do with physical violence! We're not all created equal, and you think we should be seen as the same under the eyes of the law and that is untrue!!! And what you've been doing is a travesty of justice to me constantly provoking me, and no I don't react but verbally.... But you keep on thinking I'm going to react the same way a black eye would react to another black guy that is not true!!! A black guy is a more private length to physical violence against another black person!!!! And they have to understand they have a tendency towards being more violent!!!!! And you keep on saying the laws should ignore color it is untrue!!!! This is why when things go wrong, like people riot and destroy and kill and murder and rape and do all kinds of negativity!!!! They don't handle poverty well!!! And they always wanna be in the spotlight and they don't respect, and they do a lot of things, and this is all out of this desire that's built within them that they have to deal with!!! And if they don't start understanding this, it's a previous condition, it'll never solve any of their problems!!!

National Institutes of Health (NIH) (.gov)

https://www.ncbi.nlm.nih.gov

Human hypocretin and melanin concentrating hormone levels ...

by AM Blouin · 2013 · Cited by 279 — Human hypocretin and melanin concentrating hormone levels are linked to emotion and social interaction

So we have to understand this, and the law has to stop ignoring that color has certain genetic tendencies that drives certain genetic actions!!!!

So I keep on telling you those liberals 🙄 l g b t q those pro-abortion, those are all satanic people! Either directly working for the devil or indirectly...

So the court has to stop ignoring this and police officers when they respond have to stop ignoring this, knowing that these people are more emotional, and by being more emotional, they're more likely to resist arrest... And this is why black people do what they do and people of color Latinos and so on truly are more prone to violence... What did the Japanese do they blood it out. They did the same thing in ghana, did People that acted out killed them. They needed to do this and then pacify their society.. So it's not that Asians aren't, I think home went and so we're going to nurse the wind speeds a more emotional because of their skin color it's that they breaded out... This is where discipline comes in. And they bred in extreme discipline... Watch shogun...

So the black economist is correct and so is Stevie Wonder, failing to address the internal issues!!!! You need to work in a more disciplined society, so they're trained them harness emotions in the correct avenues. Painting in many other areas they excel....

So, white people, your problem is at times too little emotion.... 🙄 That's why you get the serial killers... That's why Josef Mengele Was able to do these horrible things, because of his lack of compassion!!!! So different races do crimes for different reasons even murder.... 🤔

[lboogie1906]

Dr. Lisa D. Cook (August 12, 1964) is a Professor of Economics and International Relations at Michigan State University. She was the first Marshall Scholar from Spelman College and received a BA in Philosophy, Politics, and Economics from Oxford University. She earned a Ph.D. in economics from UC Berkeley with fields in macroeconomics and international economics. She was on the faculty of Harvard University’s Kennedy School of Government, Deputy Director for Africa Research at Harvard University, and a National Fellow at Stanford University. She is a Research Associate at the National Bureau of Economic Research and is the author of several publications. She is on the Board of Editors of the Journal of Economic Literature, and her research has appeared in such journals as the American Economic Review and the Journal of Economic Growth. She is the Director of the American Economic Association Summer Program and was President of the National Economic Association. She was awarded the Impactful Mentor Award by the American Economic Association and was elected to its Executive Committee. She was on leave at the White House Council of Economic Advisers under President Obama and has had visiting appointments at the National Bureau of Economic Research, the University of Michigan, and the Federal Reserve Banks of New York, Chicago, Minneapolis, and Philadelphia. She serves on the Advisory Boards of the Federal Reserve Bank of Chicago, the National Science Foundation, the Opportunity and Inclusive Growth Institute of the Federal Reserve Bank of Minneapolis, and the Lemelson Center for the Study of Invention and Innovation of the Smithsonian Institution. She is a member of the Council on Foreign Relations. She has been a Sigma Xi Distinguished Lecturer and was named an Edison Fellow at the US Patent and Trademark Office. She is a guest columnist for the New York Times and the Detroit Free Press and a regular contributor on CNBC, MSNBC, and NPR.

She is serving as the Deputy Team Lead for the Federal Reserve, Banking, and Securities Regulators Agency Review Team on the Biden-Harris Transition team. #africanhistory365 #africanexcellence #deltasigmatheta

[voiceofentrepreneurlife]

Maersk’s CEO reports no indication of a U.S. recession impacting freight demand

The CEO of shipping behemoth Maersk, which is seen as a gauge of international trade, stated on Wednesday that the company is not seeing any indications of a U.S. recession because freight demand is still high.

“In recent years, the shipping container market has surprisingly remained resilient despite widespread concerns about potential recessions, Vincent Clerc told CNBC’s ‘Squawk Box Europe’ on Wednesday. He added that container demand is often a strong indicator of overall macroeconomic health.”

U.S. inventories—goods stored before delivery or processing—are elevated compared to the start of the year, but they do not reach a concerning level or suggest an imminent major slowdown, Clerc stated. However, he did acknowledge some unpredictability in the figures for companies restocking their supplies.

“We also review purchase orders from numerous retailers and consumer brands that need to import goods into the U.S. for the upcoming month. The data and indicators suggest that demand remains strong, reflecting continued confidence that current consumption levels in the U.S. will persist.”

Concerns about a recession in the largest economy in the world, the United States, have unexpectedly increased during the past week due to a set of job data that was lower than anticipated and caused confusion among analysts and market players.

According to the most recent data from the U.S. Census Bureau, retail trade inventories in the United States, a gauge of undesired build, increased by 5.33% to $793.86 billion in May compared to the same month last year.

According to a report released by the leasing platform Container xChange on Wednesday, there are signs that stockpiles are more than demand, which could lead to a less “prosperous time” for retailers who store, the logistics industry, and container traders in the upcoming months.

According to Maersk’s Clerc, the company has been astonished by how resilient container volumes have been over the past few years and anticipates this trend to continue in the upcoming quarters, with no signs that the world economy is approaching a recession.

He stated, “As the global share of containers originating in or heading towards China has increased, Chinese exports have been the engine behind strong container volumes.”

The Danish company’s forecast for 2022 was noticeably more dire, citing the potential for inflation to slow consumption, the possibility of a worldwide recession, the European energy problem, and the conflict in Ukraine.

These elements worked together to lower freight rates in 2023, which severely hurt Maersk’s earnings.

This year, that trend was somewhat reversed due to escalating geopolitical tensions in the Red Sea, which prompted shipping companies to reroute trade around the southern coast of Africa. This change increased journey times and reduced capacity in the global shipping system.Read More-https://voiceofentrepreneur.life/

[olgbenga-agboola]

Flutterwave CEO wins Fintech of the Year at African Banker Awards

Flutterwave, Africa’s most valuable startup, has been named ‘Fintech of the Year’ at the African Banker Awards in recognition of its contributions to the financial technology sector in Africa. The award celebrates Flutterwave and other companies and individuals setting new standards of innovation and contributing to the growth and development of Africa’s banking sector over the past year.

The award is Flutterwave’s third international recognition in 2024 after the fintech giant was included in CNBC’s Disruptor 50 list and Fast Company’s Most Innovative Companies.

Although it remains unclear when Flutterwave will IPO, the awards might lend credence to Flutterwave’s ambitions to go public. The fintech company has been linked to an initial public offering since August 2023, when Olugbenga Agboola, its CEO, disclosed that the fintech would forge ahead with its 2022 IPO plans. The fintech has also recently changed up its executive team after several high-profile exits in recent months. 

“We are incredibly honoured to receive this prestigious award,” said Agboola, in a statement seen by TechCabal. 

The award ceremony took place last night at the JW Marriott Hotel in Nairobi, Kenya, where over 300 of Africa’s leading figures in banking and finance were attending the African Banker Awards gala.

“This recognition is a testament to the hard work, dedication, and creativity of the entire team at Flutterwave. It also reaffirms our mission to simplify payments for endless possibilities, and we remain committed to building solutions that enable multinationals to expand in and within Africa, and also supporting African companies to compete globally,” an excerpt from the statement read. 

Flutterwave also received approval in principle for a payment aggregator licence from the Central Bank of Mozambique today as it looks to expand into the southeastern African region. The licence, if approved, will allow Flutterwave to support businesses expanding into Mozambique and global enterprises expanding into Africa.

Flutterwave’s key business is processing online payments, enabling international businesses like Uber to accept payments from African businesses and customers. The fintech allows these businesses and multinationals to accept various forms of payments, like mobile money, card payments, and bank transfers. 

[flutterwave]

Flutterwave

Flutterwave’s ideal customer is a business owner or enterprise seeking to scale operations across Africa and globally. The fintech now processes payments in more than 30 currencies across 40 countries. The company expanded into India in September, partnering with IndusInd Bank to make remittances between India and Africa more efficient. Flutterwave also received 13 money transmission licenses in the U.S. in late 2023, expanding its reach to 29 states. 

watch now

VIDEO04:16

Disruptor #14: Flutterwave CEO breaks down the business of payments

“Our mission is to connect Africa to the world and the world to Africa by simplifying payments for endless possibilities,” Olugbenga Agboola, Flutterwave’s founder and CEO, said in a press release. “These licenses move us one step closer to our vision and we will continue to expand this feat to ensure coverage for all states in the U.S. and beyond.”  

The company works with companies such as Alibaba’s Alipay, Uber, Netflix and others.

Financial services are a tightly regulated industry, and Flutterwave hasn’t escaped regulatory scrutiny. Kenyan authorities launched a money-laundering investigation in 2022. The Kenyan High Court froze bank accounts and the central bank said Flutterwave wasn’t licensed to carry out payments services in the country. The firm was cleared of wrongdoing in November. 

In December, the company announced several new hires focused on partnerships and risk management. Flutterwave hired Amaresh Mohan as the company’s first chief risk officer. It also hired Stephen Cheng as EVP of global expansion and payment partnerships and Amanda Ortega as head of compliance for the U.S. Ortega was previously a regulator at the State of Wyoming’s Division of Banking. 

More coverage of the 2024 CNBC Disruptor 50

These are the 2024 CNBC Disruptor 50 companies

How we chose the 2024 CNBC Disruptor 50

Why OpenAI is the first company to top the CNBC Disruptor 50 list for two years in a row

Founded in 2015, Flutterwave has grown rapidly and has received funding from venture capital firms such as Tiger Global Management and Salesforce Ventures. Valuations in the fintech sector have fallen, but Flutterwave is reportedly moving forward with IPO plans. The company has said it might sell shares in New York and possibly Nigeria.

[enterprisewired]

Nike Shares Plunge After Cutting Full-Year Guidance

Source – CNBC

Nike’s stock took a significant hit on Thursday, dropping 11% in extended trading after the company slashed its full-year guidance and warned of a 10% decline in sales for the current quarter. The retailer cited soft sales in China and uneven consumer trends worldwide as major factors affecting its performance.

Revised Sales Projections

Nike now anticipates fiscal 2025 sales to decrease by mid-single digits, a stark contrast to the previously expected growth. Analysts had forecasted a modest 0.9% increase in sales, but the company’s updated outlook reflects a more challenging market environment. The first-half sales are projected to decline by high single digits, deviating from earlier guidance of low single-digit drops.

Matthew Friend, Nike’s CFO, acknowledged the difficulties ahead but expressed confidence in the company’s long-term strategy. “A comeback at this scale takes time,” Friend noted. “Although the next few quarters will be challenging, we are confident that we are repositioning Nike to be more competitive with a more balanced portfolio to drive sustainable, profitable, long-term growth.”

Factors Behind the Slump

Several issues have contributed to Nike’s revised outlook. The company is grappling with slower online sales, planned reductions in classic footwear franchises, and increased macroeconomic uncertainty in Greater China. Additionally, Nike expects slower sales to wholesalers as it focuses on scaling new innovations and pulling back on older models.

Despite these challenges, Nike’s fourth-quarter earnings exceeded expectations, thanks to ongoing cost-cutting efforts. The company’s net income for the quarter ending May 31 was $1.5 billion, or 99 cents per share, up from $1.03 billion, or 66 cents per share, the previous year. However, revenue fell to $12.61 billion, a 2% decrease from $12.83 billion a year earlier.

Regional Performance and Strategic Shifts

Nike’s regional sales showed mixed results. In China, sales were higher than Wall Street predictions, coming in at $1.86 billion compared to the expected $1.79 billion. However, sales in North America, Europe, the Middle East, and Africa fell short of estimates. The Converse brand, in particular, underperformed with an 18% revenue drop to $480 million.

Nike’s recent strategy shift has involved moving away from a direct sales focus, which had not yielded the anticipated results. Direct revenues for the quarter were $5.1 billion, down 8% from the previous year, while wholesale revenue rose 5% to $7.1 billion. This adjustment reflects the company’s renewed emphasis on wholesaler partnerships.

CEO John Donahoe highlighted Nike’s commitment to innovation and adapting to consumer trends. “We are taking our near-term challenges head-on while making continued progress in the areas that matter most to Nike’s future — serving the athlete through performance innovation, moving at the pace of the consumer, and growing the complete marketplace,” Donahoe said.

Looking Ahead

Nike is focusing on reducing its product range and emphasizing new innovations to regain its competitive edge. The upcoming 2024 Paris Olympics is expected to boost the company’s performance. Despite macroeconomic headwinds and shifting consumer preferences, Nike is determined to navigate these challenges and position itself for long-term growth.

As part of its cost-cutting measures, Nike announced a restructuring plan in December to save $2 billion over three years and a workforce reduction of 2% to invest in growth areas like running, the women’s category, and the Jordan brand. The company remains focused on delivering strong profits amid unsteady sales and adapting to the evolving market landscape.

Curious to learn more? Explore our articles on Enterprise Wired

[touchaheartnews]

Africa Needs To Be Competitive, Says Chike-Obi, Fidelity Bank's Chairman 

Africa Needs To Be Competitive, Says Chike-Obi, Fidelity Bank's Chairman

Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity Bank, who spoke with CNBC Africa’s Kenneth Igbomor on the sidelines of the AFREXIMBANK Annual meetings in Nassau, the Bahamas. Chike-Obi emphasized the importance of focused and sharp leadership in harnessing the continent’s strengths to achieve prosperity. He highlighted…

[biblenewsprophecy]

‘Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles’

COGwriter

CNBC reported the following:

Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles

June 7, 2024

Russian President Vladimir Putin said on Friday that nearly 40% of the country’s trade turnover is now in rubles as the share conducted in dollars, euros and other “non-friendly” Western currencies has fallen away.

Speaking at the St. Petersburg International Economic Forum (SPIEF), Putin said countries “friendly to Russia” were the ones that deserved special attention as they will define the future of the global economy, “and they already make up three-quarters of our trade volume.”

He added that Russia would seek to boost the share of settlements conducted in the currencies of BRICS countries, referring to an economic coalition of emerging markets which includes Brazil, Russia, India, China and South Africa.

Putin said payments for Russian exports in “so-called ‘toxic’ currencies of non-friendly states” had halved over the last year.

“With that, the share of the ruble in import and export operations is increasing, now standing at almost 40%,” Putin said, according to a translation.

Russia’s president detailed plans for a major overhaul of the country’s domestic financial market, including plans to double the value of the Russian stock market by the end of the decade, reduce imports and boost investment in fixed assets.

His comments come as the Kremlin leverages SPIEF to court new relationships with countries in Asia, Latin America and Africa.

The West has sought to cut off Russia’s $2 trillion economy in response to Moscow’s full-scale invasion of Ukraine in February 2022. Yet Russia’s economy is expected to grow faster than all advanced economies this year, despite several rounds of international sanctions.

In its World Economic Outlook in April, the International Monetary Fund said it expected Russia to grow 3.2% in 2024, exceeding the predicted 2.7% growth rate of the U.S. (2.7%). Germany, France and the U.K. are projected to log even lower economic expansions of less than 1%. https://www.cnbc.com/2024/06/07/russia-putin-says-nearly-40percent-of-russian-trade-turnover-is-in-rubles.html

One of the unintended consequences of the Crimea-related sanctions placed on Russia by the Obama-Biden Administration was that Russia took steps to be more “sanctions-proof.” And while Russia is affected by the Western sanctions, they have not toppled like the USA and EU wanted. For example, notice the following Voice of America reported the end of March 2022:

Russia’s Ruble Rebound Raises Questions of Sanctions’ Impact

March 31, 2022

The ruble is no longer rubble. …

President Joe Biden promoted the success of the sanctions — some of the toughest ever imposed on a nation — while he was in Poland last week. “The ruble almost is immediately reduced to rubble,” Biden said.

https://www.voanews.com/a/russia-s-ruble-rebound-raises-questions-of-sanctions-impact-/6509012.html

While sanctions do impact the Russian economy, there are costs to those who impose them. US President Joe Biden’s statement of the ruble’s (also spelled rouble) demise to rubble were premature at best.

Sanctions and tariffs almost always have unintended consequences.

Today, Voice of America reported:

June 7, 2024

ST. PETERSBURG, Russia — Cut off from the West, Russia is pitching its $2 trillion economy to giants like China and Saudi Arabia and longer-term prospects like Zimbabwe and Afghanistan at its premier investment forum in St. Petersburg, which was founded by the czars as a window to Europe. …

The 2022 invasion of Ukraine, though, has forced President Vladimir Putin to pivot towards Asia and the rest of the non-Western world amid what the Kremlin says amounts to an economic blockade by the United States and its European allies.

Western sanctions have not torpedoed Russia’s economy, however, and Moscow has nurtured ties with China, major regional powers in the Middle East and across Africa and Latin America. …

Bolivian President Luis Arce, who will join Putin at the main session of the St. Petersburg International Economic Forum, said he wanted to share the experience of Bolivia’s new economic model — with a big state — since 2006.

“We have our own economic model, which we have been implementing since 2006, and we want to share this experience,” Arce told Putin.

Zimbabwean President Emmerson Mnangagwa is attending, as are 45 other foreign officials including the Saudi energy minister, Oman’s minister of trade and commerce, and a senior Taliban official. …

Chinese dragon

State-controlled banks such as Sberbank, VTB and VEB have massive stands, as do Russian regions and ministries along with resource giants such as Gazprom Neft and Novatek.

In a sign of the times, Alfa Bank’s stand was a vast Chinese inflated dragon adorned with Chinese characters and an assertion that Alfa was “the best bank for business with China.”

Chinese luxury car brand Hongqi featured armored vehicles. A delegation from the Taliban, still officially banned in Russia, toured the stands. The Taliban originally drew members from fighters who, with U.S. support, repelled Soviet forces in the 1980s.

The theme of the forum is the statement: “The foundation of a multipolar world is the formation of new points of growth.”

While Russia’s economy has shown resilience in the face of stringent Western sanctions, prices are rising as defense spending balloons.

In dollar terms, the economy is about the same size it was a decade ago, and Putin is locked into an economic war with the West, whose financial might is at least 25 times bigger than Russia’s on a nominal GDP basis.

From many foreign attendees there was praise for Russia. “This year’s event has grown in size… There are a lot of opportunities,” Nebeolisa Anako, an official from Nigeria, told Reuters.

“The West may be actually isolating themselves as they are a minority in the world, although a very important part of the world. It is always better to cooperate with other parts of the world.”

Other officials from Africa and the Middle East echoed those words.

Saudi Energy Minister Prince Abdulaziz bin Salman met Putin’s energy point man, Deputy Prime Minister Alexander Novak, at the forum.

Novak said “friendly countries” took the vast majority of its oil exports and that about 70% of it was paid for in national currencies.

“We already supply 95% of oil and petroleum products to friendly countries this year in four months,” Novak said. https://www.voanews.com/a/amid-war-putin-looks-east-at-investment-forum/7646592.html

Russia, along with many other nations, has felt it has had little choice other than to try to bypass the US dollar in trade.

But that is not just because of its ‘Special Military Operation’ into Ukraine.

Here is something from my free online book, Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America?, discussing the three woes along with Russia and China:

Those in Iran and some of the Arab lands, along with nations such as Brazil, China, and India have discussed plans for the removal of the dominance of the U.S.A. in global trade as well. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place. [i] Others have  noted that bypassing the USA dollar is still an object of BRICS—and officially BRICS nations “are currently working on setting up a new global reserve currency,”[ii] which may have gold-backing.[iii] The expansion of BRICS (which is in progress) may ultimately even hurt Australian trade as well as “severely weaken primacy of the US Dollar as an international currency.”[iv]

The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Debt is also warned against (Habakkuk 2:6-8). Yet policies enacted under the Obama, Trump, and Biden Administrations, following certain other administrations, have ignored these warnings.

[i] Escobar P. BRICS was created as a tool of attack: Lula. Asia Times, August 28, 2019

[ii] BRICS developing new global reserve currency – Putin. RT, June 22, 2022

[iii] Helms K. Economists Discuss Russia, China Potentially Developing Gold-Backed Currency. BRICS Information Portal, November 11, 2022

[iv]Hunter M. BRICS Is Becoming The Big Kid On The Block: Implications For Australia – Analysis. Eurasia Review, November 1, 2022

One day the US dollar will be toppled–Russia, the BRICS alliance, many other nations, and even the European Union want that to happen. China, which wants Taiwan to re-unify with it, is also taking steps to be less impacted by future Western sanctions. The world is changing and moving away from the Anglo-American world order of the past couple of centuries.

Related to BRICS and the US dollar, we put together the following video:

14:31

BRICS Push Aside USA Dollar

The BRICS nations (Brazil, Russia, India, China, and South Africa) have as one of their founding goals, to eliminate the need to use USA dollars in cross-border trade. Six additional nations have been invited to join BRICS in 2024, and India reports that six more are also being looked at. The BRICS nations have already began to drop the USA dollar for some cross-border trading with Russia and China indicating that they had almost done so completely in late 2023. What will happen to the economy and value of the USA dollar if more and more nations stop using it as a primary reserve and trading currency? What about hyperinflation? Does the Bible prophesy destruction for a highly indented nation in the end time? Is the USA the most indebted nation of all time? What about the intent and use of the Euro? Will Europe and Asia cooperate to eliminate the USA and its British-descended allies?

Here is a link to our video: BRICS Push Aside USA Dollar.

A lot is happening.

The USA dollar will no longer remain “king.” This will greatly impact the economy of the USA.

As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).

Related Items:

Lost Tribes and Prophecies: What will happen to Australia, the British Isles, Canada, Europe, New Zealand and the United States of America? Where did those people come from? Can you totally rely on DNA? Do you really know what will happen to Europe and the English-speaking peoples? What about the peoples of Africa, Asia, South America, and the islands? This free online book provides scriptural, scientific, historical references, and commentary to address those matters. Here are links to related sermons: Lost tribes, the Bible, and DNA; Lost tribes, prophecies, and identifications; 11 Tribes, 144,000, and Multitudes; Israel, Jeremiah, Tea Tephi, and British Royalty; Gentile European Beast; Royal Succession, Samaria, and Prophecies; Asia, Islands, Latin America, Africa, and Armageddon;  When Will the End of the Age Come?;  Rise of the Prophesied King of the North; Christian Persecution from the Beast; WWIII and the Coming New World Order; and Woes, WWIV, and the Good News of the Kingdom of God.

Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy as are two video sermonettes Russia, Ukraine, Babylonian Europe, and Prophecy and Ukraine in Prophecy?

Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?

Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? Are we close to the battle with Gog and Magog? Four related videos are available: Ezekiel 38 Gog and Magog War: Is it Soon?, Ezekiel 38: For Russia, Ukraine, & Iran Now?, Russia, Iran, Syria, & the Bible (Code), and Gog, Magog, Vladimir Putin, and Ezekiel 38?

Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? Here is a link to a related sermon: Asia in Prophecy. Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? Japeth, Javan, Magog? Is there evidence that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel? What do Chinese writings and characters help show? What about the Garden of Eden, Noah’s Flood, and the Tower of Babel? Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia? A related sermon is also available: China’s biblical past and prophetic actions.

China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? What about the Apostle Thomas? Did Confucius say anything to get the Chinese to possibly consider Christianity? Is there early evidence that they observed the seventh day sabbath? What about the Ten Commandments? What type of Church of God witness has there been to China? What has been happening with China that ties it together with prophecies in Revelation? What about the 200 million man army and Armageddon? What about the Belt and Road Initiative and end time Babylon the Great? A related sermon is also available: China’s biblical past and prophetic actions. Watch also China’s Silk Road and Babylon the Great.

Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.

Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details.  A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle),  you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.

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