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Business Archives - Passion 4 Excellence

June 27, 2020
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Facebook’s CEO  Mark Zuckerberg is no longer the world’s third richest person as his company loses over $7 billion. Founder of the tech giant company, Facebook became about $7.2billion poorer after companies stopped advertising on Facebook platform. Facebook is arguably the biggest social media platform in the world where companies, groups, NGOs, individuals etc. run and promote their businesses. This is how the company makes money, through ads.

 

 

Shares of Facebook fell by %8.3 on Friday, the highest in three months after companies including Unilever  one of the world’s biggest advertisers boycott the social media network. According to Bloomberg,  “Unilever would stop spending money on Facebook’s properties this year”

 

 

Facebook has been criticised for failing to sufficiently police hate speech and fake news on its platform. Others companies from Verizon Communications Inc. have all stopped social media ads after growing criticisms. Biggest beverage company, coca cola says it would also pause all advertising payments on social media platforms for 30days.

 

The development eliminated $58billion from Facebook’s market value and has dropped Mark Zuckerberg’s net worth to $82.3billion according to Bloomberg billionaires index. Dropping Mark to forth position on the world’s billionaires list. He has been overtaken by Louis Vuitton’s boss, Bernard Arnault who now occupies third position, coming after Bill Gates and Jeff Bezos.

 

Mark Zuckerberg said on Friday the company is taking appropriate measures to find a lasting solution to the problem.

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Twitter @Mawunya_


June 18, 2020
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Bank of England has injected an extra £100 billion, an equivalent amount of $125billion into UK’S economy in a bid to help revive its economy amid coronavirus pandemic.

 

 

According to researchers,  UK’s economy is expected to be in her deepest recession, something she never experience in more than 300 years. This amount is expected to boost markets taking its stimulus plan to nearly a trillion dollars.

 

 

The bank has also maintained interest rate at 0.1%, something analysts forecast rates will remain unchanged and the bank’s Monetary Policy Committee would expand its bond buying programme, or quantitative easing by £100-£150.

 

 

 

The bank of England had earlier warned that the economy would contract by 30% in the first half of the year, the worst performance since 1700s. The additional £100 billion announced on Thursday, June 18 now takes the bank’s total quantitative easing, effectively printing new money to £745 billion.

 

 

Kamlinksgh@gmail.com

Twitter @Mawunya_


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Kylie Jenner is out with series of tweets debunking allegations from Forbes that she’s ‘no more a billionaire’. According to her, she never asked Forbes to give her that billionaire title in the first place.

 

Forbes magazine claims Jenner had accountants who created fake false tax returns ‘to help juice Forbes’. The magazine revealed and has readjusted figures earlier saying kylie Jenner is not broke and worth $900 million and would someday attain a billionaire status.

 

 

According to Forbes,  kylie Jenner’s family invited the team into their mansions and CPA’s offices. “The Jenners provided documents showing Kylie’s company’s annual revenue from 2016 to 2018 was somewhere between $307 million to $360 million per year”

In one tweet,  she insists her tax returns are genuine and not forged documents.

 

The magazine later claims those numbers were hugely exaggerated and that, the real numbers were $125 million for 2018, $177 million for 2017 without providing that of 2016.

 

But to kylie Jenner,  she’s just doing fine and doing ok.

Kylie made her fortune from entertainment and cosmetics.

Kamlinksgh@gmail.com

Twitter @Mawunya_

 


May 29, 2020
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Disappointed by the incessant failure of various governments to make farming attractive, the CEO of Aboboyaa Company Ltd and a farmer, Mr. Gideon Seidu aka Aboboyaa has heavily descended on the subsequent governments; NDC, NPP for being bias when it comes to Agriculture and farmers welfare in the country.

According to the furious CEO and a farmer, he’s very much disappointed in the way these aforementioned governments host farmers when they come into power. He tells Asona Dehyie Kwarteng  that, failure to properly manage farmers in the country is attributed from the fact that wrong people are appointed to manage the agricultural ministry which is very funny and a joke.

“How do you just appoint  someone who has no knowledge in agricultural to head the agricultural ministry as a minister? Do you just do it because he attained his degree in the western world, does that give him a knowledge to manage agric? He angrily quizzed.

Expressing further disappointment, Mr. Seidu indicated that being an agric minister does not call for someone who only put on nice suits and ties without having any innovative knowledge about farming.

He suggests that industrious and knowledgeable farmers who have been declared best farmers in the various regions should be brought up to form the agric ministry.

“NDC, ‘the yentie obiara party’ and the NPP, ‘the all die be die party’ only come in to make talks without doing anything better to revive the agric ministry”, he said.

He asked authorities to ensure that cocoa scholarships go to children and wards of farmers? and not to children from affluent parents who have never set foot on any cocoa farm.

Mr Gideon,appealed to the government to facilitate the granting of loans to them for the expansion of their farms.

A lot more needed to be done. lack of funds is a major drawback on increased production because farmers lacked the resources with which to expand their farms.

His comments comes after the outspoken Assin Central MP, Hon. Kennedy Ohene Agyapong made an assertion that only those who wish to forever remain poor in life go into farming since there’s nothing better done by the government to boost farming.

Finalising his reservation, Mr. Seidu advised that farmers should not give up despite all these challenges and God is going to bless them through that.

Writer: Kwesi Afful

Twitter: @kwesi_afful1

Do you have article or a story you may want to publish??? Please Email us on : info@kamlinks.com website: Kamlinks.com


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A new report conducted has revealed the fortunes of most billionaires in America increased by $434 billion during coronavirus pandemic. According to the report, the net worth of these billionaires increased during the covid-19 lockdown between mid March and mid may.

 

 

Owners to these two tech giant companies, Facebook and Amazon, Mark Zuckerberg and Jeff Bezos saw high gains with Mark adding $25 billion and Jeff adding $34.6 billion to their wealth respectively. According to the report from Americans for Tax Fairness and the Institute for Policy Studies’ Program for Inequality. The report is based on Forbes data for America’s more than 600 billionaires between March 18 and may 19, CNBC news noted.

 

 

 

The report  also revealed that the net worth of America’s billionaires went up by %15 during the lockdown from $2.948 trillion to $3.382 trillion with top five billionaires Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren buffet and Larry Ellison making a total worth gains of $76 billion.

 

 

Some billionaires in the travel and hospitality industry however recorded some losses during the two month period as they were most hit by the pandemic. They are yet to see their stocks and companies recover. For instance, John Pritzker saw his wealth drop by $34 million to $2.56 billion while Ralph Lauren also witnessed a drop of $100 million to $5.6 billion. Elon Musk who owns an electric vehicle company is also among the billionaires whose net worth soar high amid the pandemic.

 

Visit CNBC for more

 

Kamlinksgh@gmail.com

Twitter @Mawunya_


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Lad Collections is a Ghanaian clothing company basically focused on bedspreads, shoes, belts, sandals and all other unisex wears you  could think of.

 

 

 

 

 

 

The best place to purchase all these above mentioned products is Lad Collections. At Lad Collections, prices of goods are very affordable but of very good quality. As a brand, we believe we have to provide our customers with highly quality goods but at very affordable and reasonable prices for our dear customers to be able to purchase.

 

 

 

 

 

 

 

 

We always have you covered at all times. All you need  to do is to just call us for your deliveries. Our office numbers are written on the flyer below.

 

Lad Collections will bring to your doorstep whatever you need. Thank you for choosing Lad Collections

 

You want to promote your business? This is the right platform to do that. Let kamlinks.com advertise for you. Email us now kamlinksgh@gmail.com thank you. You can WhatsApp us on +233546770815

Kamlinks….passion 4 excellence!!!


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President Donald Trump has sided with Tesla CEO, Elon Musk for his decision to open plant in California. Elon Musk has been fighting since last weekend with California officials to resume production at the company’s plant in Fremont, California. California officials ruled out that all companies should remain closed amid coronavirus pandemic while America economy is gradually opened.

Elon Musk has tweeted series of tweets explaining his side on the matter and his sentiments. He even vowed to move the plant from California. On Monday, the tweeted threatening to commence operations and had asked that, should anyone be arrested, it should be him alone.

 

About three hours ago today, Tuesday, president Trump defended him on his mission to commence operations in Fremont. Trump tweeted that California should allow Elon Musk to open plant and emphasized that it can be done fast and safely now.

Nearly 85000 Americans have died from coronavirus. President Trump had earlier said that he was expecting as much as 100000 fatalities. But Trump is very optimistic things could be back to normal asap, as he tweeted again “transition to greatness”

 

Kamlinksgh@gh.com

Twitter @Mawunya_


April 25, 2020

Hip hop artiste Kanya West is officially a billionaire as declared by Forbes and Bloomberg hours ago. Kanye west who is also a business magnate who got his wealth from music and other businesses.

 

He got his fortune from music which ofcourse brought him to the limelight, also his sneaker business, Yeezy, he’s also into real estate and stocks.

 

Kanye west went from being $53million in debt in 2016 to now being worth $1.3billion in 2020. Yeezy was valued at $1.5billion in 2019 to now being valued at $3.3billion in 2020.

According to Forbes,  Yeezy actually approached them of his wealth but was ignored countless times and that really got him pissed off. “When our annual billionaire list appeared earlier this month, again with west’s absent, still no documentation, and  now a pandemic to boot, west again reacted with hurt and Venom” Forbes said.

“You know what you’re doing, you’re toying with me and I’m not going to take it anymore in Jesus name” Kanye told Forbes.

Forbes also revealed that, Kanye west told the network it was behind media networks who have been downgrading his efforts for years.

Yesterday, Kanye West directed his team to provide “what we feel is an authentic numeric look into Kanye Inc.” Forbes sited describing it as a breakthrough with over $3billion worth

Congratulations

 

Kamlinksgh@gmail.com

Twitter @Mawunya_

 


April 13, 2020
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GHANAIANS CRY OVER ‘KILLER’ INTERNET CHARGES

A section of Ghanaians, mainly the youth and the business class are crying over what they term as ‘killer internet charges’.

After the president of the republic, HE NANA ADDO DANQUAH AKUFFO ADDO announced that Ghanaians will be enjoying free water for the next three months, the general public was expecting a kind gesture of the telcos, if not a free data during this lockdown period, a reduction in the price will go a long way to help.

Majority of this youths, are students and with the introduction of the E-learning system find it very difficult to afford data, making learning unbearable for them.

They’ve been a call by the general public for the telcos to reduce their data charges since most people are also working from home which requires internet.

Notable among those calling for the reduction in data is the former president of the Republic of Ghana, HE JOHN DRAMANI MAHAMA and the head and leader of the Alabaster International Ministry, Prophet Kofi Oduro. Currently there’s a movement on social media to appeal to the telcos to listen to their plea; #Reduceinternetprices.

So far it seems the telcos have turned a death ear to their plea and seems not perturbed. We only hope they listen to us because life is becoming unbearable.CHARGES

A section of Ghanaians, mainly the youth and the business class are crying over what they term as ‘killer internet charges’.

After the president of the republic, HE NANA ADDO DANQUAH AKUFFO ADDO announced that Ghanaians will be enjoying free water for the next three months, the general public was expecting a king gesture of the telcos, if not a free data during this lockdown period, a reduction in the price will go a long way to help.

Majority of this youths, are students and with the introduction of the E-learning system find it very difficult to afford data, making learning unbearable for them.

They’ve been a call by the general public for the telcos to reduce their data charges since most people are also working from home which requires internet.

Notable among those calling for the reduction in data is the former president of the Republic of Ghana, HE JOHN DRAMANI MAHAMA and the head and leader of the Alabaster International Ministry, Prophet Kofi Oduro. Currently there’s a movement on social media to appeal to the telcos to listen to their plea; #Reduceinternetprices.

So far it seems the telcos have turned a death ear to their plea and seems not perturbed. We only hope they listen to us because life is becoming unbearable.

Emmanuel Delali Agbleze

Kamlinks.com   kamlinksgh@gmail.com


April 13, 2020
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OPEC, Russia and other oil producing nations have today finalized an unprecedented production cut of nearly 10million barrels in high hopes of  boosting crashing prices.

A meeting held on Sunday led by Russia agreed to cut oil output by a record amount to support oil prices amid coronavirus pandemic.

The pandemic has crippled the demand for oil to a remarkable degree. It is simple, total lockdowns in most parts of the globe simply means less driving. People are even scared to step out to buy fuel. There is currently less flying as most affected countries have closed their airlines which drastically reduced manufacturing output.

Weeks ago during the crisis,  Russia and Saudi Arabia waged a gruelling oil price battle at each other. But the United states of America who does not participate in Opec meetings intervened and and had been pushing Riyadh and Moscow to come to an agreement.

 

Yesterday,  Russia revealed Vladimir Putin had a phone call with King Salman of Saudi Arabia. The USA had also revealed that, President Trump spoke with both Vladimir Putin and King Salman.

In the agreement, they have agreed to cut output by 9.7million barrels pay day for the next two months in an effort to stem a plunge in oil prices due to  coronavirus and the misunderstanding between Riyadh and Moscow.

 

The agreement is said to be a great one, representing the largest slash to production in the history of Opec.  This cut is more than twice as large as the 4.2million barrel per day reduction the oil cartel made through a series of cuts during the 2008 financial crisis. It also Mark’s the revitalization of the broader opec and its allies which was in uncertain territory in recent weeks as Saudi Arabia heading into the discussion, where Mexico played an unexpectedly  central role in negotiations, but delayed talks for days.

 

Brent crude, a  closely global benchmark is currently around $32 a  barrel. Low  crude prices have driven the national average for USA gasoline well under $2.

 

Kamlinks.com   kamlinksgh@gmail.com

Kelvin M. Ashong


industrial

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