Tartu biotech Icosagen Cell Factory wins the title of Business of the Year

Tartu biotech Icosagen Cell Factory wins the title of Business of the Year

Icosagen Cell Factory has developed, among others: Bioblock, a nasal spray containing anti-SARS-CoV-2 antibodies. Sigrid Harjo, member of the joint organization of Enterprise Estonia and KredEx, stated that Icosagen is one of the most knowledge-based companies in Estonia that creates very high added value in economic terms. In addition to the Business of the Year …

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Fourteen nominees for the EY Entrepreneur of the Year 2023 award

Fourteen nominees for the EY Entrepreneur of the Year 2023 award

This article first appeared in The Edge Malaysia Weekly from October 30, 2023 to November 5, 2023. A total of 14 people were shortlisted for the EY Entrepreneur of the Year (EOY) Malaysia 2023 awards in the emerging entrepreneur, technology entrepreneur, female entrepreneur and female lead entrepreneur categories. The nominees in the four categories were …

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2023 Young Entrepreneur of the Year: Financial technology entrepreneur Maxwell Nicholson has a knack for DIY projects

2023 Young Entrepreneur of the Year: Financial technology entrepreneur Maxwell Nicholson has a knack for DIY projects

Source: Blossom Social Blossom is a social investing platform for new investors For someone under 30, Maxwell Nicholson has already lived a surprising number of lives. At the age of 13, he opened a cupcake shop in his hometown of Grand Forks, receiving media attention and acclaim. He later attended the University of Victoria, where …

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The research firm says an overvaluation of the bond market will cause U.S. office building prices to fall by 40% by the end of next year

The research firm says an overvaluation of the bond market will cause U.S. office building prices to fall by 40% by the end of next year

According to Capital Economics, an increase in bond yields may cause a collapse in prices in the office sector. This is because rising Treasury bond yields may impact office building capitalization rates, driving down prices. The company forecasts that office prices could fall 40% from peak to trough by the end of next year. Landing …

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New Jersey Public Employees’ Pension Fund Posts Surprisingly Strong Gains Despite Volatile Fiscal Year

New Jersey Public Employees' Pension Fund Posts Surprisingly Strong Gains Despite Volatile Fiscal Year

New Jersey’s public employees’ pension fund gained more than $5 billion in market value in the fiscal year ended June 30, bringing its total value to about $91.4 billion as it continued to rebound after heavy losses in 2022. That represents a 9.1% gain on investments, outperforming the funds’ benchmark and its long-term expected rate …

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No COLA increase in 2024? How employees could lose next year

Each year, the government advances COLA on Social Security recipients' benefit checks based on the rate of inflation.  In 2024, they will receive a 3.2% increase to take inflation into account.

A survey released Monday found that workers have received large raises over the past few years, but amid economic uncertainty they could soon disappear. Nearly half (49%) of 600 business leaders surveyed this month by ResumeBuilder.com said they would not provide cost-of-living adjustments (COLAs) to employees next year, and 26% said they either would not …

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Why Bill Gross expects a US recession to begin at the end of the year

Why Bill Gross expects a US recession to begin at the end of the year

Bill Ackman isn’t the only boldface name on Wall Street who thinks the U.S. economy is in worse shape than official numbers suggest. See: Bill Ackman is making a bet against Treasuries as yields hit a 16-year high Bill Gross, co-founder of fixed-income investing giant Pacific Investment Management Co., said Monday in a social media …

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Trkiye will surpass $1 trillion national income this year: trade chief

Trkiye will surpass $1 trillion national income this year: trade chief

Trade Minister Trkiyes Mer Bolat said national income will cross the one-trillion-dollar mark this year, assuring that the country is on track to join the world’s 10 largest economies in the coming years. Speaking at a meeting with entrepreneurs in Istanbul on Saturday, Bolat emphasized that this year’s momentum will ensure that Trkiye ends with …

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Recession will hit stocks and home prices next year: Wall Street veteran

Recession will hit stocks and home prices next year: Wall Street veteran

Harley Bassman says the U.S. economy will fall into recession next year, which will hit stock and home prices. Scott Olson/Getty Images Harley Bassman claims that the American economy will capitulate and enter a recession next year. The Wall Street veteran expects stock and home prices to fall as unemployment and mortgage defaults rise. Bassman …

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The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

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The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

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