Author: Arabian Media staff

Canada’s Mark Carney will host world leaders in Kananaskis in coming days, with his plans for a unity G7 summit to unblock trade at the mercy of a new Mideast war and the temperament of Donald Trump. More than a dozen leaders are heading to the Rocky Mountain resort for a gathering on Monday under the shadow of a rapidly escalating Israel-Iran conflict that threatens further upheaval for markets.“Never before has a G7 summit confronted so many severe, interconnected crises, with so many new leaders and an unpredictable US president,” said John Kirton of the G7 Research Group at the…

The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K tax forms out to workers or sellers who have earned more than $600 a year. Source link

With mergers and acquisitions activity at a two-decade low, and the market for initial public offerings showing renewed strength in the US but weakness elsewhere, finance graduates face a job market this summer that is lean and uneven.For students in masters in finance programmes, the slowdown in investment banking has pushed many to broaden their search beyond legacy roles. Experts say advisory hiring has cooled, and competition for places at bulge-bracket banks is intensifying.Lee Thacker, a partner at London-based executive search firm Silvermine Partners, takes a bearish view. “Junior roles for grads . . . are extraordinarily quiet,” he says. “[We’re] seeing 5,000-plus applications…

This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters hereHello and welcome to the working week.The gathering of most of the world’s most powerful nations for the G7 summit in Kananaskis, Alberta, was supposed to focus on international trade and pushing US President Donald Trump’s administration to continue supporting Ukraine. Israel and Iran have disrupted that agenda, but it has perhaps heightened the importance of this gathering amid the Canadian pine forests.Trump holds the most sway over Israel, with Washington…

More people may be able to find a lower premium today than a year ago. Here’s how to do it. Source link

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Karthik Ramanna is a professor at University of Oxford Blavatnik School of Government. Robert Kaplan is Senior Fellow and Marvin Bower Professor of Leadership Development, Emeritus at the Harvard Business SchoolMuch of companies’ carbon reporting today uses unverifiable disclosure standards better suited to subjective, unprovable statements than to the objective, rigorous data required for corporate financial reporting. A new approach offers a way to base carbon reporting on accounting principles, allowing corporate environmental performance to be accurate, verified and timely worldwide.Disclosure has…

Investors are heading into the coming week’s two-day Federal Reserve meeting facing a wide band of uncertainty around the path ahead for the U.S. economy, inflation, and interest rates — which has the potential to keep stocks rangebound, make them more volatile, or both through the end of the year. Source link

Taxes on Commissions: Overview People who “work on commission” may receive a nominal salary but the bulk of their income comes from payments that are based on performance. The financial services sector in particular is notable for paying its employees based on the amount of money they bring in for the firm. So, who is responsible for paying the income taxes? If the individual is a company employee, the employer will withhold the estimated taxes due. If the person is an independent contractor, the employer won’t withhold taxes, and the contractor is responsible for paying the amount due. Key Takeaways…

Commercial paper is a short-term debt instrument issued by corporations to finance inventory, accounts payable, payroll, and other short-term liabilities. The world of fixed-income securities can be divided into two main categories: capital markets and money markets. Capital markets consist of securities with maturities of more than 270 days. Money markets are made up of securities with maturities of 270 days or less. Commercial paper falls into this market. Key Takeaways Commercial paper is a common form of unsecured, short-term debt issued by a corporation.Commercial paper is typically issued for the financing of payroll, accounts payable, inventories, and meeting other…

The consumer goods sector includes a wide range of retail products purchased by consumers including staples such as food and clothing to luxury items such as jewelry and electronics. Overall demand for food isn’t likely to fluctuate wildly although the specific foods consumers purchase can vary significantly under different economic conditions. The level of consumer spending on more optional purchases such as automobiles and electronics varies greatly depending on many economic factors, however. The economic factors that most affect the demand for consumer goods are employment, wages, prices/inflation, interest rates, and consumer confidence. Key Takeaways Consumer goods are those purchased…