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Stocks rally on oil plunge and soft PPI report, airlines surge,bitcoin trapped

US stocks are getting a boost from a trifecta of reasons: economic and political pressure grow for a Russian ceasefire, oil prices plunge, and after both a softer-than-expected PPI report and a disappointing Empire survey supports the idea that the Fed won’t have to be aggressive with tightening policy over the next few meetings. The […]

Canadian dollar eyes job data

Will Canadian job data boost loonie? It’s been a busy week for the Canadian dollar. USD/CAD started the week with strong gains, but the Canadian dollar has clawed back and recovered most of those losses. The week will wrap up with the Canadian employment report for February. The markets are expecting a huge turnaround after […]

Japanese yen falls to five-year high

The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week. We continue to see sharp volatility in the currency markets and the Japanese yen […]

Pound falls, US inflation jumps

GBP/USD has reversed directions on Thursday, giving up most of the gains from a day earlier. In the North American, session, GBP/USD is trading at 1.3132, down 0.41% on the day. US inflation accelerates to 7.9% In the US, headline CPI continued to accelerate, with a gain of 7.9% for February YoY. This matched the […]

Dollar pushes wobbly yen above 116

The Japanese yen continues to lose ground to the US dollar. USD/JPY has climbed above the 116 line for the first time since early February. The yen is on its heels, as USD/JPY is within striking distance of 116.35, which has held since January 2017. With risk apprehension at high levels due to the Ukraine […]

Hitachi’s Business Situation in Ukraine and Russia

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TOKYO, Mar 10, 2022 - (JCN Newswire) - Hitachi Group considers the safety and health of all employees and their families as its top priority. In Ukraine, the company is engaged in various activities to realize this goal and hopes that peace will return as soon as possible.

In Ukraine, there are engineering hubs of GlobalLogic, a U.S. subsidiary. As part of its strategy to put top priority on the safety of employees and their families, GlobalLogic has been taking actions based on Business Continuity Plan (BCP) including evacuation to safer location in Ukraine and across borders to other countries. While there has been some interruption of services during employee transition, the company has been able to resume client projects and is working to get operations back to normal status. Due to the nature of the software engineering work, employees are able to perform their duties from remote locations as they were doing because of the pandemic and there has not been a significant impact on GlobalLogic's operation at this moment.

Regarding business in Russia, Hitachi Group is suspending exports to Russia and pausing all manufacturing activities within the country for the time being, with the exception of products, services and support for electrical power equipment that are indispensable to the daily lives of people.

The revenues in the Russian market accounts for approx. 0.5% of Hitachi's consolidated revenues forecast for the fiscal year ending March 2022, 10 trillion yen, and more than a half of this is from revenues of construction machinery. The revenues for which engineering hubs of GlobalLogic in Ukraine are involved in accounts for approx. 0.3% of Hitachi's consolidated revenues forecast for the fiscal year ending March 2022.

There is not anticipated to be a significant impact on Hitachi's consolidated earnings forecast for fiscal year ending March 2022 by the current Russia-Ukraine situation at this point. When it becomes certain that there is a significant impact on Hitachi's future earnings, Hitachi will promptly disclose that.

About Hitachi, Ltd.

Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focused on its Social Innovation Business that combines information technology (IT), operational technology (OT) and products. The company's consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen (USD78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide. Hitachi is working to increase social, environmental and economic value for its customers across six domains; IT, Energy, Industry, Mobility, Smart Life and Automotive Systems through Lumada, Hitachi's advanced digital solutions, services, and technologies for turning data into insights to drive digital innovation. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi Group considers the safety and health of all employees and their families as its top priority.
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Ripple Is In a sideways Movement, Struggling With Resistance at $0.80

The price of Ripple (XRP) is in a downward correction as the price fluctuates between the moving averages.

Human Resource Initiatives Bolster Fujitsu’s Status as DX Leader

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TOKYO, Mar 8, 2022 - (JCN Newswire) - Fujitsu today announced its plans to strengthen its status as a leading digital transformation (DX) company that drives DX both in its own and customers' businesses with the aim of realizing a sustainable society.

Amidst an ever-changing business environment and growing demand for talent with the skills needed to thrive in the digital age, Fujitsu continues to offer new ways to empower its employees to take ownership of their career development, enhancing the mobility of talent throughout the Group to quickly and optimally allocate the right people to the right positions. Fujitsu also provides employees with opportunities for continued growth, such as a group-wide posting program and a system that supports reskilling of its talent. Fujitsu also actively hires on a rolling basis through its new graduate and mid-career recruitment activities.

1. Program to transform talent into "business producers"
Fujitsu implemented a system to support employees with training programs to raise and change their skills and to visualize the skills of its approx. 8,000 sales personnel in Japan, aiming to foster the development of "business producers" responsible for creating new value in cross-industry sectors, rather than filling vertical, industry-specific sales positions.

Going forward, business producers, who are in direct contact with customers, will play a central role in accelerating Fujitsu's transformation into a DX company.

2. Assigning the right people to the right positions
In fiscal 2020, Fujitsu introduced a job-based human resources system for all manager-class people and up and a group-wide job posting system that allows Group employees that are located in Japan to take on new job positions on their own initiative. In fiscal 2021, approximately 2,000 employees that are located in Japan were transferred or relocated through this group-wide system.

Fujitsu also supports the diversification of careers by utilizing its expertise and experience in responding to job offers from outside the Group, and also offers a system to support employees seeking career course redirection outside of the Fujitsu Group at their own request.

3. Expansion of the temporary "Self-Produce Support System"
As one of the measures to accelerate the optimal allocation of human resources, Fujitsu expanded the existing "Self-Produce Support System"(1), a temporary system to support employees seeking career course redirection outside of the Fujitsu Group. By February 28, 2022, 3,031 employees (full-time employees or those re-employed through the post-retirement re-employment system) mainly 50 years of age or older and employed at Fujitsu or Fujitsu Group companies in Japan had applied for this support.

4. Financial impact of the above initiatives
The expansion of the temporary "Self-Produce Support System" is expected to involve a non-recurring expense of 65 billion yen. This expense is recorded in the consolidated financial results for the fiscal year ending March 2022. Accordingly, the full-year consolidated forecast has been revised as follows.

(1) Self-Produce Support System :
A system that provides a certain level of support to employees who seek career course redirection outside of the Fujitsu Group.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 126,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.6 trillion yen (US$34 billion) for the fiscal year ended March 31, 2021. For more information, please see www.fujitsu.com.

For more information, visit bit.ly/3CwqscA.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comFujitsu today announced its plans to strengthen its status as a leading digital transformation (DX) company that drives DX both in its own and customers' businesses with the aim of realizing a sustainable society.

Weekly Cryptocurrency Market Analysis: Altcoins Face Selling On Every Rally, While Bulls Maintain Recent Uptrend

Bitcoin is struggling above $38,000 support in the downtrend zone, while some of the best performing altcoins are trading in the uptrend zone. A few altcoins face the challenge of bears selling on every rally. These altcoins have resumed a new uptrend while others are struggling above the moving averages.

Ethereum Set To Plunge Hard ! ETH Price May Drop Below $2k, Here are levels To Watch

ethereum-price-analysis

The post Ethereum Set To Plunge Hard ! ETH Price May Drop Below $2k, Here are levels To Watch appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

As the new trading week begins in the United States, the price of Ethereum (ETH) rises dramatically. As it found reliable support around $2,500, the price of ETH may continue to rise in order to find important levels of resistance. Finally, Ethereum  is in a long-term bear market. However, before a definite directional bias, it …

Academics detail take-off of China’s ice and snow economy

HONG KONG, Mar 8, 2022 - (ACN Newswire) - China has seen the fastest growth of its ice and snow economy in recent years and has become the world's largest market in the sector, according to a report released by Jilin University on Thursday.

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Jilin University Key Laboratory of Ice and Snow Tourism Resorts Equipment and Intelligent Service Technology releases the 2022 China Ice and Snow Economic Development Index Report on Thursday. (Photo by Xu Lihua/For chinadaily.com.cn)

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Xin Benlu, vice-dean of the School of Business and Management at Jilin University, oversees the release of the ice and snow report at a news conference on Thursday. (Photo by Xu Lihua/For chinadaily.com.cn)

Jilin University's Key Laboratory of Ice and Snow Tourism Resorts Equipment and Intelligent Service Technology, took a year to complete its 2022 China Ice and Snow Economic Development Index Report, which aims to measure and forecast China's ice and snow economic development using several ice and snow indicators.

The report proposed the "airplane theory" as a way to look at the ice and snow economy.

The concept uses the growing and escalating ice and snow demand, and ice and snow technology as the "airplane engine" of economic development.

The specific weights of the current stage of China's ice and snow economic development is set out in the report.
The "airplane's head" represents ice and snow sports, which account for 25 percent of that weight. The "airplane's fuselage" represents ice and snow tourism, which accounts for 40 percent of the weight. And the "two wings" that balance the development of the economy represent ice and snow equipment, and ice and snow culture, which account for 25 percent and 10 percent, respectively.

Data shows that China's ice and snow economic development has shown a linear upward trend since the beginning of the 13th Five-Year Plan (2016-2020).

Other than in 2020, with the novel coronavirus pandemic impacting the sector, each year has succeeded the previous one, ever since 2016.

Driven by the Beijing 2022 Winter Olympics, the chain growth rate exceeded 34 percent in 2021, and the development of China's ice and snow economy is expected to maintain a chain growth rate of nearly 30 percent in 2022, the report said.

Along with the Beijing 2022 Winter Olympics, China's ice and snow tourism will show a new face in the international arena, and attract more foreign tourists in the post-pandemic era, the report said.

At the same time, with the release of Chinese people's enthusiasm for participating in and experiencing ice and snow tourism, ice and snow tourism consumption will play a massive role in boosting China's domestic demand and realizing the central domestic circulation, provincial medium circulation, and municipal microcirculation of China's ice and snow economy, the document said.

Xin Benlu, vice-dean of the School of Business and Management at Jilin University, said: "The report is one of the preliminary and basic works for the construction of the big data platform of the ice and snow economy. It is expected to be released annually to measure and forecast the development of China's ice and snow economic development."

Source: https://www.chinadaily.com.cn/a/202202/20/WS62113909a310cdd39bc87b2e.html


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comChina has seen the fastest growth of its ice and snow economy in recent years and has become the world's largest market in the sector, according to a report released by Jilin University on Thursday.

Is Tectonic Crypto The Future?

Is Tectonic Crypto The Future?

According to the official Tectonic platform, it is a decentralized algorithmic money market protocol that is non-custodial. Over the past 24 hours, the crypto market has shown signs of recovery after days of ups and downs. Despite losing a ‘0’ from the coin’s price in January, Tectonic Crypto (Tonic) is reaping the benefits. What Is Tectonic Crypto? With Tectonic, users can act as lenders or suppliers of liquidity using an algorithmic-based non-custodial money market protocol. Suppliers supply liquidity to earn passive income, while borrowers borrow liquidity in an over-collateralized fashion. Tectonic references Compound, a tried and tested protocol, as part of its protocol design and architecture. With it comes an attractive incentive program powered by the native token for the Tectonic protocol, $TONIC. The tectonic protocol enables cryptocurrency money market implementations securely and seamlessly, allowing users to gain multiple use cases. How Does It Function? Liquidity is provided to borrowers through deposits by users, who may borrow at variable interest rates. According to Tectonic’s smart contracts, these rates are adjusted based on each market’s utilization rate. Is Tectonic a Noteworthy Investment? It is challenging to answer this question. It appears, however, that long-term investment in this cryptocurrency would be a good idea. The graphs for Tectonic will fluctuate in the future depending on the price evolution and projections. Unlike Tectonic, cryptocurrency prices fluctuate often. As a result, any forecast is purely hypothetical. On 23 December, TONIC/USD was launched at $0.000004027. The price dropped to $0.0000007895 on 31 December. On 2 January, the price rose to $0.000001153. The cryptocurrency then declined, reaching a low of $0.0000004014 on 24 January. The price of tectonic tokens rose over the next few days, reaching $0.000001083 on 30 January, followed by $0.000001903 on 8 February. As the cryptocurrency markets declined, it lost some of its gains, dropping to $0.000001018 on 21 February. Cryptocurrencies, especially newer coins like TONIC, are high-risk investments due to their volatility. TONIC may be appropriate for your portfolio depending on your circumstances and risk tolerance. It is important to consider the level of risk you are prepared to accept before investing. Always avoid investing money that you cannot afford to lose. What Will its Future be Like in 2050? Price Prediction predicted that tectonic cryptocurrency would reach $0.00002942 by the end of the decade at the time of writing (22 February). Government Capital predicts the price will drop to zero by the end of the year. Bitcoin prices are highly volatile and hard to predict, so it is vital to keep that in mind. It is not uncommon for forecasters to be wrong about Bitcoin prices. To make informed decisions, you need to conduct your own research. Be aware that past performance does not guarantee future performance. Tectonic’s price is expected to rise for the next five years, exceeding $0.00000516 by 2025. Even though the price seems too high, anything is possible. The cost of TONIC and other cryptocurrencies is highly volatile and is subject to sudden changes. Conclusion Every investment made in tectonic crypto will be good because of its potential and relevance. If you intend to hold the coin for a long time, it is a good investment. In general, these forecasts do not make up the essential part of a purchase decision. According to specialists, their conclusions are influenced by technical analyses and external variables. You should also collect your ideas and then use the forecasts to form your perspective. Last but not least, it is good that you don’t put too much faith in price predictions.

The post Is Tectonic Crypto The Future? appeared first on Cryptoknowmics-Crypto News and Media Platform.

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