12/03/2025

First page Previous page 20 Next page Last page

BIZ & FINANCE ˻ ͓͒ ˜ ͓͓͖͑

8 K1 TOħ#K>8 T' K>1 KO

46/#*; QSFTFOUT FYUSBDUT PG B TFMFDUJPO PG DPNNFOUBSJFT BOE SFTFBSDI SFQPSUT SFDFJWFE GSPN TUPDLCSPLFST PO DPVOUFST UIBU DPVME CF PG JOUFSFTU UP JOWFTUPST

%*4$-"*.&3 5IF JOGPSNBUJPO JT FYUSBDUFE GSPN TUPDLCSPLFST DPNNFOUBSJFT BOE SFTFBSDI SFQPSUT BOE EP OPU SFQSFTFOU UIF WJFXT PS PQJOJPOT PG 4VO .FEJB $PSQPSBUJPO 4EO #IE *U JT OPU B TPMJDJUBUJPO SFDPNNFOEBUJPO PS BO PGGFS UP CVZ PS TFMM UIF FRVJUJFT GFBUVSFE 4VO .FEJB $PSQPSBUJPO TIBMM OPU CF MJBCMF PS SFTQPOTJCMF GPS BOZ DPOTFRVFODFT SFTVMUJOH GSPN VTBHF PG UIF JOGPSNBUJPO

1 $PNQJMFE CZ 4VO#J[ 5FBN

K©º¢¢©Ø ¢Ð ¨©¢¨Ì j¢j©ºÐØ WO ¿´´jÌ ©º jÛØ©¿ÛÐ ØÌj ©º¢ 5)& SJOHHJU FOEFE TMJHIUMZ IJHIFS BHBJOTU UIF 64 EPMMBS ZFTUFSEBZ BT JOWFTUPST SFNBJOFE DBVUJPVT BIFBE PG UIF 'FEFSBM 0QFO .BSLFU $PNNJUUFF '0.$ NFFUJOH TDIFEVMFE GPS .BSDI BDDPSEJOH UP BO BOBMZTU #BOL .VBNBMBU .BMBZTJB #IE DIJFG FDPOPNJTU %S .PIE "G[BOJ[BN "CEVM 3BTIJE TBJE UIF '0.$ NFFUJOH JT DSJUJDBM BT NBSLFU QBSUJDJQBOUT XJMM CF PCTFSWJOH UIF MBUFTU NBDSPFDPOPNJD QSPKFDUJPO FTQFDJBMMZ UIF 'FEFSBM 'VOET 3BUF "U QN UIF SJOHHJU JODIFE VQ UP BHBJOTU UIF HSFFOCBDL GSPN .POEBZ T DMPTF PG .PIE "G[BOJ[BN JOEJDBUFE UIBU UIF JOUFSFTU SBUF GVUVSFT DPOUSBDU TVHHFTUT B IJHIFS MJLFMJIPPE PG SBUF DVUT JO .BZ +VOF +VMZ BOE 4FQUFNCFS XJUI UIF ''3 FYQFDUFE UP GJOJTI UIF ZFBS BU BQQSPYJNBUFMZ UP i5IJT TVHHFTUT B UP CBTJT QPJOU DVU JO UIF ''3 XIJDI FTTFOUJBMMZ XJMM OBSSPX UIF HBQ XJUI UIF PWFSOJHIU QPMJDZ SBUF 013 i5IJT DPVME CF B CPPO GPS UIF SJOHHJU TIPVME UIF 013 TUBZ VODIBOHFE UISPVHIPVU UIF ZFBSw IF UPME #FSOBNB 5IF SJOHHJU XBT USBEFE NPTUMZ IJHIFS BHBJOTU B CBTLFU PG NBKPS DVSSFODJFT *U SPTF WFSTVT UIF +BQBOFTF ZFO UP GSPN BU .POEBZ T DMPTF BOE BEWBODFE BHBJOTU UIF #SJUJTI QPVOE UP GSPN 5IF SJOHHJU EJQQFE WJT B WJT UIF FVSP UP GSPN QSFWJPVTMZ 5IF MPDBM DVSSFODZ USBEFE NPTUMZ IJHIFS BHBJOTU "TFBO DVSSFODJFT *U HBJOFE WFSTVT UIF 4JOHBQPSF EPMMBS BU GSPN .POEBZ T DMPTJOH PG BOE BQQSFDJBUFE BHBJOTU UIF 5IBJ CBIU UP GSPN

ØÌ (º ©jĘ 3¿¿ º¿å Ì©º¢Ð Tj´©ä Ø¿ T¨j©´jº

æ¨jº¢ KjØÐ

"ES +#@ bSS @ t

W 99+@# ]]ŰE bt+@# ]]

bt+@# E

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i0VS 5IBJ QBSUOFS JT BMSFBEZ QSFTFOU JO IVOESFET PG MPDBUJPOT BDSPTT UIF DPVOUSZ BOE 5FBMJWF XJMM MFWFSBHF UIJT GSPN UIF TUBSU "DUVBM TUPSF MPDBUJPOT BSF TUJMM CFJOH GJOBMJTFE BOE UPHFUIFS XF BJN GPS PVUMFUT JO ZFBST w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

64 %PMMBS

"VTUSBMJBO %PMMBS #SVOFJ %PMMBS $BOBEJBO %PMMBS /FX ;FBMBOE %PMMBS 4JOHBQPSF %PMMBS 4UFSMJOH 1PVOE 4XJTT 'SBOD 6"& %JSIBN #BOHMBEFTI 5BLB $IJOFTF 3FONJOCJ %BOJTI ,SPOF )POHLPOH %PMMBS *OEJBO 3VQFF *OEPOFTJBO 3VQJBI +BQBOFTF :FO /FX 5BJXBO %PMMBS /PSXFHJBO ,SPOF 1BLJTUBO 3VQFF 1IJMJQQJOF 1FTP &VSP

/ "

2BUBS 3JZBM 4BVEJ 3JZBM

4PVUI "GSJDB 3BOE 4SJ -BOLB 3VQFF 4XFEJTI ,SPOB

5IBJ #BIU

WÊéØŤ ?½ûÄ ÄºÄ¥ ªŰ ØÄÃ

.BSDI 3.

4PVSDF 1VCMJD*OWFTU 3FTFBSDI

1"-. PJM JOWFOUPSJFT SFHJTUFSFE B .P. ESPQ UP NJMMJPO NU UIF MPXFTU MFWFM TJODF "QSJM .FBOXIJMF UIF TUPDL UP VTBHF SBUJP DMJNCFE GSPN UP BT FYQPSUT TBX B TUFFQFS EFDMJOF UIBO UIF QSPEVDUJPO $10 FYQPSUT TBX BOPUIFS TUFFQ EFDMJOF EPXO .P. UP N NU NBJOMZ ESBHHFE CZ UIF &6 .JEEMF &BTU BOE UIF 64 QBSUJBMMZ PGGTFU CZ TUSPOH EFNBOE GSPN $IJOB BOE *OEJB 4VSQSJTJOHMZ UIF "GSJDBO SFHJPO XBT UIF CJHHFTU DPOTVNFS NBLJOH VQ PG UPUBM FYQPSUT $10 QSPEVDUJPO ESPQQFE .P. UP NJMMJPO NU UIF MPXFTU MFWFM TJODF 'FC 5IF EFDMJOF XBT ESBHHFE CZ MPXFS QSPEVDUJPO GSPN 1FOJOTVMBS .BMBZTJB BOE &BTU .BMBZTJB 8F BUUSJCVUFE UIF MPXFS QSPEVDUJPO EVF UP UIF TIPSUFS XPSLJOH NPOUI BOE UIF IFBWZ SBJOGBMM JO 4BCBI IBT BGGFDUFE UIF MPHJTUJDT BOE IBSWFTUJOH BDUJWJUJFT $IJOB T UBSJGG PO $BOBEJBO DBOPMB DPVME TIJGU EFNBOE UP TPZCFBO PJM "DDPSEJOH UP 0JM 8PSME EBUB $IJOB JNQPSUT BCPVU NJMMJPO NU PG DBOPMB BOE NJMMJPO NU DBOPMB PJM BOOVBMMZ "TTVNJOH BMM BSF JNQPSUT GSPN $BOBEB JU JT FTUJNBUFE UIBU VQ UP NJMMJPO NU DPVME CF TXJUDIFE UP TPZCFBO PJM JOTUFBE PG QBMN PJM HJWFO UIBU UIF MBUUFS DPNNBOET B TUFFQ QSFNJVN PWFS TPZCFBO PJM "DDPSEJOH UP UIF *OEPOFTJBO 1BMN 0JM "TTPDJBUJPO *OEPOFTJB T QBMN PJM FYQPSUT NBZ GBMM :P: UP NJMMJPO NU UIJT ZFBS BT UIF TMJHIU JODSFBTF JO QSPEVDUJPO JT PGGTFU CZ UIF IJHIFS EPNFTUJD DPOTVNQUJPO PO UIF CBDL PG IJHIFS CJPEJFTFM NBOEBUF # 1BMN PJM PVUQVU JT QSPKFDUFE UP SJTF :P: UP NJMMJPO NU HJWFO UIF GBWPVSBCMF XFBUIFS o 1VCMJD*OWFTU 3FTFBSDI .BSDI

.(# T KPJOU WFOUVSF +7 XJUI 4BOZ "MBNFSJBI *OEVTUSJBM 4" IBT DMJODIFE UXP QVSDIBTF PSEFST 10 GSPN 4" XPSUI 4"3 NJMMJPO 3. NJMMJPO UP TVQQMZ BOE JOTUBMM QSFDBTU FMFNFOUT GPS UIF "M "SPVT 1IBTF TJOHMF GBNJMZ SFTJEFOUJBM VOJUT BOE QVCMJD BNFOJUJFT XJUIJO UIF 304)/ "-"3064 EFWFMPQNFOU MPDBUFE OPSUI PG +FEEBI 4BVEJ "SBCJB )PXFWFS HJWFO .(# T QSPGJU TIBSJOH SBUJP JO UIF +7 UIF OFU DPOUSBDU WBMVF UP UIF HSPVQ JT BCPVU 3. NJMMJPO #BTFE PO PVS FTUJNBUFT UIF DPOUSJCVUJPO GSPN UIJT KPC JT NJOJNBM UP UIF HSPVQ T CPUUPN MJOF BGUFS BDDPVOUJOH GPS EFQSFDJBUJPO BOE JOUFSFTU DPTU PWFS UIF NPOUIT DPOUSBDU QFSJPE 5IF 304)/ "-"3064 EFWFMPQNFOU TQBOT NJMMJPO TRN PGGFST NPSF UIBO SFTJEFOUJBM VOJUT PODF GVMMZ EFWFMPQFE 5IF GJSTU QIBTF OJDLOBNFE i5IF #SJEF PG UIF 3FE 4FBw FOUBJMT NPSF UIBO TJOHMF GBNJMZ VOJUT BMPOHTJEF QFEFTUSJBO GSJFOEMZ TUSFFUT HSFFO TQBDFT BOE SFUBJM TQPSUT BOE PUIFS SFDSFBUJPOBM BNFOJUJFT 304)/ B OBUJPOBM SFBM FTUBUF EFWFMPQFS CBDLFE CZ 4BVEJ "SBCJB T TPWFSFJHO XFBMUI GVOE UIF 1VCMJD *OWFTUNFOU 'VOE 1*' BJNT UP EFMJWFS IPNFT CZ XJUI SFQSFTFOUJOH OFX IPVTJOH TUPDL 5P SFDBQ UIF +7 XJUI 4" JT BOUJDJQBUFE UP TFDVSF TVQQMZ BOE JOTUBMMBUJPO DPOUSBDUT GPS B UPUBM BHHSFHBUF NJOJNVN BNPVOU PG N PG QSFDBTU DPODSFUF QSPEVDUT XJUIJO UISFF ZFBST 8F VOEFSTUBOE UIBU DVSSFOU QVSDIBTF PSEFS DPOTUJUVUFT BCPVU PG UIF NJOJNVN PSEFS PG N GPS UIF TFDPOE ZFBS PG UIF DPOUSBDU 0651&3'03. XJUI 3. 51 o 1VCMJD*OWFTU 3FTFBSDI .BSDI

,044"/ T CMFOEFE "41T JT BU 64 L QJFDFT JO 2 XJUI OJUSJMF HMPWF "41T USFOEJOH BU 64 L QJFDFT GPS 64 NBSLFU BOE 64 L QJFDFT GPS UIF OPO 64 NBSLFU 8F PCTFSWFE UIBU UIF $IJOFTF HMPWF NBOVGBDUVSFST IBWF JOUFOTJGJFE DPNQFUJUJPO JO OPO 64 NBSLFUT QSJDJOH BU 64 L QJFDFT EVF UP UIF JNQFOEJOH 64 UBSJGG IJLF PO $IJOB NFEJDBM HMPWFT FGGFDUJWF +BO .PWJOH GPSXBSE XF CFMJFWF UIBU ,PTTBO T "41T XJMM TUBCJMJTF BU 64 L QJFDFT 5IF DPNQBOZ JT DVSSFOUMZ PQFSBUJOH BU B VUJMJTBUJPO SBUF CBTFE PO JUT CJMMJPO QJFDFT BOOVBM JOTUBMMFE DBQBDJUZ XJUI BQQSPYJNBUFMZ PG JUT NBDIJOFT CFJOH MFTT UIBO ZFBST PME 5IF HSPVQ SFNBJOT GPDVTFE PO BVUPNBUJPO BOE QMBOT UP BEE TJY OFX QSPEVDUJPO MJOFT JODSFBTJOH UPUBM BOOVBM DBQBDJUZ CZ CJMMJPO QJFDFT CZ ) ,PTTBO T FYQFDUFE DBQFY GPS ': JT BQQSPYJNBUFMZ 3. NJMMJPO QSJNBSJMZ BMMPDBUFE UPXBSET JNQSPWJTJOH PQFSBUJPOBM FGGJDJFODJFT UISPVHI "* BEPQUJPO BOE DPTU GPS OFX MBOE BDRVJTJUJPO 8F PCTFSWF B TMJHIU VQXBSE USFOE JO OJUSJMF CVUBEJFOF QSJDFT XIJMF OBUVSBM MBUFY QSJDFT SFNBJOFE TUBCMF TJODF %FD .FBOXIJMF OBUVSBM HBT DPTU JT FYQFDUFE UP DMJNC IJHIFS JO 2 BUUSJCVUFE UP B UJNF MBH FGGFDU CVU JU JT FYQFDUFE UP OPSNBMJTF JO UIF ) /PUF UIBU .BMBZTJBO HMPWF NBOVGBDUVSFS T FOFSHZ DPTU JT BQQSPYJNBUFMZ 64 L QJFDFT IJHIFS UIBO $IJOFTF QMBZFST XIJDI QSJNBSJMZ VTFT DPBM ,PTTBO QMBOT UP PQUJNJTF JUT XPSLGPSDF CZ SFEVDJOH SFMJBODF PO GPSFJHO MBCPVS DVSSFOU UPUBM XPSLGPSDF 0651&3'03. XJUI 3. 51 o 1VCMJD*OWFTU 3FTFBSDI .BSDI

Made with FlippingBook Digital Publishing Software