13/06/2025

˻ ͔͒ ˜ ͓͓͖͑

BIZ & FINANCE T¨j© €¿ºÐÛ¹‰Ì €¿º’© ‰º€‰ ¨©ØÐ ŗŜī¹¿ºØ¨ ´¿å #"/(,0, 5IBJ DPOTVNFS DPOGJEFODF ESPQQFE GPS B GPVSUI DPOTFDVUJWF NPOUI JO .BZ GBMMJOH UP JUT MPXFTU MFWFM JO NPOUIT EVF UP DPODFSOT PWFS "NFSJDBO UBSJGGT BOE B TMVHHJTI FDPOPNZ B TVSWFZ TIPXFE ZFTUFSEBZ 5IF DPOTVNFS JOEFY PG UIF 6OJWFSTJUZ PG UIF 5IBJ $IBNCFS PG $PNNFSDF GFMM UP JO .BZ GSPN JO UIF QSFWJPVT NPOUI UIF VOJWFSTJUZ TBJE JO B TUBUFNFOU i5IF DVSSFOU TJUVBUJPO DMFBSMZ JOEJDBUFT UIBU GSPN UIF DPOTVNFST QFSTQFDUJWF UIF FDPOPNZ JT OPU HPPE XJUI OP TJHOT PG SFDPWFSJOH w VOJWFSTJUZ QSFTJEFOU 5IBOB WBUI 1IPOWJDIBJ UPME B QSFTT DPOGFSFODF 5IBJMBOE XJMM GBDF B 64 UBSJGG JG JU GBJMT UP OFHPUJBUF B SFEVDUJPO CFGPSF B NPSBUPSJVN FYQJSFT JO +VMZ " UBSJGG PG IBT CFFO TFU GPS NPTU OBUJPOT XIJMF UIF NPSBUPSJVN JT JO QMBDF 4PVUIFBTU "TJB T TFDPOE MBSHFTU FDPOPNZ IBT ZFU UP CFHJO OFHPUJBUJPOT XJUI UIF 6OJUFE 4UBUFT i"U UIJT UJNF JU JT VODMFBS XIFUIFS 5IBJMBOE XJMM CF BCMF UP OFHPUJBUF TVDDFTTGVMMZ JO UJNF w 5IBOBWBUI TBJE 5IF FTUJNBUFE EBNBHF UP UIF FDPOPNZ GSPN MPTU FYQPSUT BOE UPVSJTN SFWFOVFT XJMM CF BSPVOE CJMMJPO 3. CJMMJPO UP CJMMJPO CBIU IF BEEFE -BTU NPOUI 5IBJMBOE T TUBUF QMBOOJOH BHFODZ TMBTIFE JUT HSPXUI GPSFDBTU SBOHF CZ POF QFSDFOUBHF QPJOU UP UP UIJT ZFBS XBSOJOH UIBU UIF JNQBDU PG UIF UBSJGGT XPVME MBTU GPS BCPVU UXP ZFBST o 3FVUFST jº² ¿’ 1¿Ì‰j ÐjçÐ ‰æ€‰ÐÐ©ä‰ Ìj؉ €ÛØÐ €¿Û´ €jÛЉ ÉÌ¿É‰ÌØç ÉÌ©€‰ ÐÉ©²‰ 4&06- 4PVUI ,PSFB T DFOUSBM CBOL HPWFSOPS TBJE ZFTUFSEBZ iFYDFTTJWFw QPMJDZ JOUFSFTU SBUF DVUT DPVME DBVTF BOPUIFS SPVOE PG QSJDF VQTXJOHT JO UIF QSPQFSUZ NBSLFU BOE JODSFBTF WPMBUJMJUZ JO DVSSFODZ NBSLFUT BMUIPVHI UIF EPNFTUJD FDPOPNZ SFNBJOT TMVHHJTI i*G XF SFMZ UPP NVDI PO FDPOPNJD TUJNVMVT QPMJDJFT PVU PG VSHFODZ UIFSF NBZ CF HSFBUFS TJEF FGGFDUT MBUFS PO i'PS FYBNQMF JG XF DVU UIF CBTF JOUFSFTU SBUF FYDFTTJWFMZ UIFSF JT B IJHI SJTL UIBU JU XJMM MFBE UP B SJTF JO SFBM FTUBUF QSJDFT w (PWFSOPS 3IFF $IBOH ZPOH TBJE JO B TQFFDI QSFQBSFE GPS UIF CBOL T UI BOOJWFSTBSZ )JT DPNNFOUT DPNF BGUFS UIF CBOL GMBHHFE NPSF SBUF DVUT UP DPNF PO UIF EBZ JU USJNNFE CPSSPXJOH DPTUT CZ B RVBSUFS QFSDFOUBHF QPJOU UP PO .BZ UP SFGMFDU UIF JNQBDU PG UIF 64 USBEF UBSJGGT BOE UFQJE EPNFTUJD DPOTVNQUJPO 5IF XJEFMZ FYQFDUFE SBUF DVU UIF GPVSUI JO UIF DVSSFOU FBTJOH DZDMF DBNF BT UIF OFXMZ FMFDUFE 1SFTJEFOU -FF +BF NZVOH HFBSFE VQ GPS NBKPS TUJNVMVT NFBTVSFT JODMVEJOH UIJT ZFBS T TFDPOE FYUSB CVEHFU UP CPPTU HSPXUI 3IFF T DPODFSOT BCPVU FYDFTTJWFMZ DVUUJOH JOUFSFTU SBUFT BMTP TUFNNFE GSPN SFDFOU DVSSFODZ NBSLFU WPMBUJMJUZ i5IF HBQ CFUXFFO EPNFTUJD BOE GPSFJHO JOUFSFTU SBUFT NBZ XJEFO GVSUIFS BT UIF 64 'FEFSBM 3FTFSWF BEKVTUT UIF QBDF PG JUT JOUFSFTU SBUF DVUT BOE VODFSUBJOUZ TVSSPVOEJOH UIF SFTVMUT PG USBEF OFHPUJBUJPOT XJUI NBKPS DPVOUSJFT NBZ JODSFBTF MFBEJOH UP JODSFBTFE WPMBUJMJUZ JO UIF GPSFJHO FYDIBOHF NBSLFU w 3IFF TBJE JO UIF TQFFDI o 3FVUFST

0jÉjºĞÐ ´j¿ÛÌ €ÌÛº€¨ ’¿Ì€‰Ð ̉ب©º² ¿º ¨¿¹‰¹j²‰ÌÐ

PG BCPVU NJMMJPO EFQFOEFOU TQPVTFT PG XIPN BSF XPNFO #VU UIF CJMM TUJMM QSFTFSWFT UIF TZTUFN GPS EFQFOEFOU TQPVTFT TUBUJOH CJHHFS DIBOHFT XPVME SFRVJSF iB OBUJPOBM EFCBUFu BOE NPSF SFTFBSDI i*O UIF MBUFTU QFOTJPO TZTUFN SFGPSN XF XFSF VOBCMF UP SFBDI B DPOTFOTVT u 1SJNF .JOJTUFS 4IJHFSV *TIJCB UPME 1BSMJBNFOU MBTU XFFL i5IFSF BSF WBSJPVT QFPQMF FMJHJCMF VOEFS UIJT TZTUFN OPU POMZ GVMM UJNF IPVTFXJWFT CVU BMTP UIPTF XIP BSF VOBCMF UP XPSL EVF UP JMMOFTT DIJMEDBSF PS OVSTJOH SFTQPOTJCJMJUJFT u *O %FDFNCFS *TIJCB BSHVFE UIF TZTUFN TIPVME OPU CF DPNQMFUFMZ EJTNJTTFE i'VMM UJNF IPVTFXJWFT BSFO U UIF UZQF PG QFPQMF MJWJOH B MFJTVSFMZ MJGF PG OBQT BOE USJWJBMJUJFT UIFZ EJMJHFOUMZ QSPUFDU UIFJS IPNFT BOE NBOBHF B XJEF SBOHF PG SFTQPOTJCJMJUJFT u IF TBJE "MUIPVHI UIF HPWFSONFOU XJMM TVCTJEJTF UIF DPTUT UFNQPSBSJMZ UIF IPVS UISFTIPME DPVME TJNQMZ QSPNQU EFQFOEFOU TQPVTF QBSU UJNFST UP MJNJU UIFJS XPSLJOH IPVST TPNF TBZ .BJLP 5BLBIBTIJ ZFBS PME NPUIFS PG UISFF DIJMESFO TBJE TIF XPVME DIPPTF UP SFNBJO BT B EFQFOEFOU TQPVTF XJUI IFS UXP QBSU UJNF KPCT i* XPVME SBUIFS MJNJU XPSL IPVST JOTUFBE PG IBWJOH UP QBZ JOTVSBODF GFFT CFDBVTF * BMTP XBOU UP TQFOE FOPVHI UJNF XJUI NZ DIJMESFO u TIF TBJE i#VU * BMXBZT GFMU JU T B TUSBOHF TZTUFN i8IZ EP UIFZ EJTDPVSBHF UIPTF XIP XBOU UP XPSL NPSF u m 3FVUFST

JU T BO JSSBUJPOBM TZTUFN UIBU OPU POMZ SFTUSJDUT UIF TVQQMZ PG IJHI RVBMJUZ GFNBMF MBCPVS GPSDFT CVU BMTP TFSWFT UP MJNJU QSFTTVSF GPS XBHF HSPXUIu /PCVLP /BHBTF QSPGFTTPS BU 0UTVNB 8PNFO T 6OJWFSTJUZ +BQBO T MBCPVS TIPSUBHF JT IJUUJOH IJTUPSJD MFWFMT QBSUJDVMBSMZ BNPOH OPO NBOVGBDUVSFST BOE TNBMM GJSNT ESJWFO CZ B SBQJEMZ BHJOH BOE EFDMJOJOH QPQVMBUJPO #VTJOFTTFT DPNQMBJO UIF FYJTUJOH QFOTJPO TDIFNF NBLFT JU FYUSFNFMZ EJGGJDVMU UP GJMM TIPSUBHFT XJUI QBSU UJNF XPSLFST XIP XJTI UP MJNJU BOOVBM QBZ CFMPX UIF UISFTIPMET 5IF +BQBO "TTPDJBUJPO PG $PSQPSBUF &YFDVUJWFT B NBKPS CVTJOFTT MPCCZ UIJT XFFL SFOFXFE JUT DBMM GPS UIF BCPMJUJPO PG UIF TZTUFN i8F VSHF UIF HPWFSONFOU GPS BO JNNFEJBUF SFWJFX u JU TBJE JO JUT QPMJDZ QSPQPTBM i*U JT OFDFTTBSZ UP SFWJTF UIF DPOWFOUJPOBM TZTUFN EFTJHO UIBU JT CBTFE PO UIF GVMM UJNF IPNFNBLFS JEFBM u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

ßÝÓØÏÝÝ ÑÜÙßÚÝ ËØÎ ßØÓÙØÝ ÍËÖÖ ÐÙÜ ËÌÙÖÓÞÓÙØ ÙÐ ÚÏØÝÓÙØ ÝÍÒÏ×Ï

50,:0 +BQBO T MBCPVS TIPSUBHF JT GPSDJOH JUT DPOTFSWBUJWF MBXNBLFST UP DPOTJEFS PWFSIBVMJOH EFDBEFT PME TPDJBM XFMGBSF SVMFT PSJHJOBMMZ EFTJHOFE UP FODPVSBHF NBSSJFE XPNFO UP TQFOE NPSF IPVST MPPLJOH BGUFS UIF IPNF 1PMJDZNBLFST BSF FYQFDUFE UP QBTT MFHJTMBUJPO PO 'SJEBZ UIBU XPVME SFRVJSF QBSU UJNF XPSLFST UP QBZ JOUP QFOTJPO BOE IFBMUI JOTVSBODF TDIFNFT FTTFOUJBMMZ TDBMJOH CBDL FYFNQUJPOT OPX TFFO BT B NBKPS EJTJODFOUJWF GPS XPNFO UP XPSL MPOHFS IPVST PS BEWBODF UIFJS DBSFFST *OUSPEVDFE JO EVSJOH +BQBO T FDPOPNJD CPPN UIF FYFNQUJPOT BQQMZ UP iEFQFOEFOUu TQPVTFT XIP FBSO MFTT UIBO d NJMMJPO 3. B ZFBS BT QBSU PG BO FYQBOTJPO PG TPDJBM XFMGBSF BU UIF UJNF 8IJMF UIF QSPQPTFE SFGPSNT BSF BJNFE BU FBTJOH B DVSSFOU XPSLFST DSVODI JO +BQBO UIFZ XPVME OPU DPNQMFUFMZ TDSBQ B TZTUFN UIBU NBOZ BSHVF JT CPUI VOQSPEVDUJWF BOE B QSPEVDU PG PVUEBUFE HFOEFS FYQFDUBUJPOT #VTJOFTTFT BOE BOBMZTUT OPX TBZ UIF FDPOPNJD QSFTTVSFT DSFBUFE CZ UIF DVSSFOU XPSLFS DSVODI PVUXFJHI IJTUPSJD DPODFSOT BCPVU FOTVSJOH BMM iIPVTFXJWFTu OP MPOHFS B NBKPSJUZ PG NBSSJFE XPNFO XFSF DPWFSFE CZ UIF QFOTJPO TDIFNF i'SPN UIF TUBOEQPJOU PG MBCPVS FDPOPNJDT

,PJ[VNJ JOTQFDUJOH B XBSFIPVTF TUPSJOH TUPDLQJMFE SJDF JO ,BOBHBXB B QSFGFDUVSF TPVUI PG 5PLZP o 3&65&341*$

0jÉjº Ø¿ €¿º Û€Ø jۀة¿º ’¿Ì ØjÌ©’’ī’̉‰ Ì©€‰ ‰jÌ´©‰Ì بjº ÛÐÛj´ 50,:0 +BQBO XJMM IPME B UFOEFS GPS UBSJGG GSFF JNQPSUFE TUBQMF SJDF UIJT NPOUI FBSMJFS UIBO UIF VTVBM BVDUJPO JO 4FQUFNCFS UP IFMQ MPXFS TPBSJOH QSJDFT "HSJDVMUVSF .JOJTUFS 4IJOKJSP ,PJ[VNJ TBJE JO BO 9 TPDJBM NFEJB QPTU ZFTUFSEBZ 5IF SJDF JT FYQFDUFE UP CF EFMJWFSFE CZ MBUF 4FQUFNCFS JOTUFBE PG %FDFNCFS JO B UZQJDBM ZFBS ,PJ[VNJ TBJE )JHIFS SJDF QSJDFT IBWF CFDPNF B TFSJPVT DPODFSO GPS DPOTVNFST BOE QPMJDZNBLFST BIFBE PG LFZ FMFDUJPOT JO 5PLZP BOE UIF 1BSMJBNFOU T VQQFS IPVTF 5IF HPWFSONFOU IBT CFFO SFMFBTJOH SJDF GSPN JUT FNFSHFODZ TUPDLQJMF JO BO FGGPSU UP TUBCJMJTF QSJDFT BOE DPOTVNFST IBWF CFFO TUBOEJOH JO MPOH RVFVFT UP CVZ JU BU MFTT UIBO IBMG BWFSBHFT QSJDFT "CPVU NFUSJD UPOOFT PVU PG UIF UPOOFT TUPDLQJMF IBT BMSFBEZ CFFO FBSNBSLFE GPS TBMF CZ "VHVTU BOE ,PJ[VNJ IBE TBJE UIF HPWFSONFOU XPVME VUJMJTF JNQPSUT JG OFFEFE UP LFFQ TVQQMZJOH UIF HSBJO UP UIF NBSLFU +BQBO JNQPSUT VQ UP UPOOFT PG TUBQMF SJDF B ZFBS UBSJGG GSFF VOEFS UIF iNJOJNVN BDDFTTw GSBNFXPSL BHSFFE XJUIJO UIF 8PSME 5SBEF 0SHBOJTBUJPO o 3FVUFST

Made with FlippingBook - Online catalogs