Fintech PR
China continues to improve business environment for stronger economic vitality
BEIJING, Jan. 4, 2024 /PRNewswire/ — A report from People’s Daily: U.S. biotechnology company Moderna recently set up a company in Minhang district, Shanghai. Moderna’s agent lawyer obtained the business license just an hour after relevant authorities received the final document required for business registration.
“Minhang’s efficiency has secured crucial development time for the company,” the lawyer said.
From coastal to inland regions, continuously optimizing services and improving efficiency are building powerful momentums for China to further enhance its business environment.
Business environment is an important factor in stabilizing market confidence, stimulating economic development, and promoting high-quality development. Just like sunlight, water, and air are essential for human survival, a good business environment is indispensable for businesses.
Various regions and departments in China have been continuously optimizing the business environment based on the actual needs of enterprises, helping them overcome obstacles and thrive.
In the first three quarters of 2023, the number of newly established private enterprises in China exceeded 7.06 million, a year-on-year increase of 15.3 percent. In the first 11 months of 2023, the number of newly established foreign-invested enterprises in China reached 48,078, growing 36.2 percent from a year ago.
According to a report on China’s business environment for foreign investors in the third quarter of 2023, more than 80 percent of surveyed foreign-invested enterprises expressed satisfaction with China’s business environment.
The continuously optimized business environment provides strong support for fostering and stimulating the vitality of business entities and promoting high-quality development.
Enterprises are in the best position to judge whether a business environment is good. East China’s Anhui province has launched a platform that enables streamlined approvals for companies. As long as they provide accurate information, they can receive funds swiftly.
In Dongying, east China’s Shandong province, a 2.5-billion-yuan ($352.39 million) wind power project received personalized and proactive services from relevant departments, from planning to construction. Businesses are expected to experience a greater sense of fulfillment and confidence when they operate in a favorable business environment.
In a sense, the optimization of business environment is also a process of deepening reforms and overcoming entrenched interests. China has been focusing on removing market barriers, transforming government functions, improving service quality and efficiency, and promoting institutional innovation, with an aim to break bottlenecks, establish long-term mechanisms, and strengthen institutional foundations, so as to ensure continuous improvement of business environment and effectively stimulate market vitality and social creativity.
The rule of law is the best business environment. From optimizing legislation to strengthening the removal of unfair provisions in administrative regulations, and to canceling and adjusting 33 penalty items in areas such as industry and informatization, housing and urban-rural development, China has taken solid steps in building a business-friendly environment through the rule of law.
China protects the legitimate rights and interests of various types of ownership enterprises, including state-owned, private, and foreign-funded enterprises, equally under the law. It promotes the improvement of institutional norms in areas such as property rights protection, market access, fair competition, and social credit.
China not only creates a stable, transparent, standardized, and predictable legal environment for all types of business entities but also injects strong impetus into building a new highland for opening-up and promoting high-quality economic development.
It was stressed at the recently held Central Economic Work Conference that China will continue its efforts to foster a world-class business environment that is market-oriented, law-based, and internationalized.
Optimizing business environment is an essential component of consolidating and enhancing the positive momentum of economic recovery, and continuously promoting qualitative and quantitative economic growth.
By stimulating vitality through the optimization of business environment and accumulating momentum through institutional innovation, the Chinese economy is steadily moving toward high-quality development.
View original content:https://www.prnewswire.co.uk/news-releases/china-continues-to-improve-business-environment-for-stronger-economic-vitality-302026195.html
Fintech PR
President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo
LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:
“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.
Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.
Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.
It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.
I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”
LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html
Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
Photo: https://mma.prnewswire.com/media/2586123/Tickmill.jpg
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View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/according-to-tickmill-survey-3-in-10-britons-in-economic-difficulty-purchasing-power-down-41-since-2004-302337354.html
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