National Federation of Coffee Growers of Colombia

Beer Institute Names Andrew Heritage as Chief Economist

Retrieved on:

Monday, November 6, 2023

WASHINGTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, announced it named Andrew Heritage as chief economist.

Key Points:

WASHINGTON, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Today, the Beer Institute, the oldest national trade organization representing the beer industry, announced it named Andrew Heritage as chief economist.
“I’m excited to bring together my love for beer and economics as I lead the Beer Institute’s research efforts and help tell the story of this wonderful beverage," said Andrew Heritage.
“Andrew's deep and relevant experience will be instrumental in allowing the Beer Institute to continue to provide best-in-class insights and consumer trends for our members and drive results for the beer industry.”
Before joining the Beer Institute, Heritage was senior economist at the Coalition for a Prosperous America (CPA), lead economist at Thumbtack, and a senior policy analyst at the National Federation of Independent Business (NFIB).
For additional updates from the Beer Institute, visit our website , follow @BeerInstitute on Twitter, like the Beer Institute on Facebook , and follow the Beer Institute on Instagram .

CFA Institute Celebrates 60 Years of the CFA® Program

Retrieved on:

Thursday, June 15, 2023

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NEW YORK, June 15, 2023 /PRNewswire/ -- CFA Institute, the global association of investment professionals, today marks the 60th anniversary of the CFA Program, the leading credential for the investment profession globally.

Key Points:

NEW YORK, June 15, 2023 /PRNewswire/ -- CFA Institute, the global association of investment professionals, today marks the 60th anniversary of the CFA Program, the leading credential for the investment profession globally.
Over six decades the CFA Program curriculum has introduced a range of market innovations, including:
Recently, CFA Institute announced the most significant updates to the CFA Program since its 1963 launch.
For more about the CFA Program, visit: CFA Program Evolution .
For more about CFA Institute and its global community of investment professionals, visit CFA Institute Members or get in touch at: [email protected] .

Worker Productivity in the U.S. Is at an All-Time Low: Who or What Is To Blame?

Retrieved on:

Monday, June 5, 2023

SAN FRANCISCO, June 5, 2023 /PRNewswire-PRWeb/ -- Once a pandemic-driven necessity, working from home has become a coveted fringe benefit for the fortunate few who, as it turned out, don't really need to be in the office to get the job done. Pre-COVID, roughly 7% of the U.S. workforce did their jobs from home. At the height of the pandemic, 55% of those lucky enough to still have a job worked from home. In 2023, the percentage has dropped to 35%, still seven times pre-pandemic numbers.(1) Perhaps not coincidentally, worker productivity is dropping at the fastest rate in 75 years, with five consecutive quarters of year-over-year decline, a phenomenon that hasn't happened since 1948, post-WWII.(2) The grim trifecta of labor shortages, inflation, and an imminent recession has most certainly put pressure on small- and medium-sized businesses (SMBs) to reimagine their current business practices to weather the storm. Mikel Lindsaar, CEO and Founder of StoreConnect, proposes that "SMBs who invest in cost-and time-saving technology can overcome the current workforce and economic slumps and turn negative circumstances into positive outcomes."

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But there are other persistent challenges contributing to decreased productivity, and SMBs are in the crosshairs of another recession.
At the height of the pandemic, 55% of those lucky enough to still have a job worked from home.
(1) Perhaps not coincidentally, worker productivity is dropping at the fastest rate in 75 years, with five consecutive quarters of year-over-year decline, a phenomenon that hasn't happened since 1948, post-WWII.
Microsoft and Citrix conducted surveys of people in managerial roles to measure their level of confidence in the productivity of their remote workers.

J9 as Global Sponsor, FIBA Basketball World Cup 2023 Draw completed in Manila

Retrieved on:

Friday, May 12, 2023

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Manila, Philippines, May 12, 2023 (GLOBE NEWSWIRE) -- The highly anticipated FIBA Basketball World Cup 2023 Draw has concluded in Manila, with all 32 nations now aware of who they will face at the flagship event.

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Manila, Philippines, May 12, 2023 (GLOBE NEWSWIRE) -- The highly anticipated FIBA Basketball World Cup 2023 Draw has concluded in Manila, with all 32 nations now aware of who they will face at the flagship event.
The FIBA Basketball World Cup 2023 Draw presented by Wanda was carried out according to the draw principles, held at the Araneta Coliseum in the Philippines capital, it proved to be a spectacular event, with Argentina legend and FIBA Basketball World Cup 2023 Global Ambassador, Luis Scola, on stage to assist with the draw, as well as basketball icon Dirk Nowitzki, a Central Board Member and Chair of the FIBA Players' Commission.
As global sponsor for FIBA, J9 is proud to present the trophy tour that commences from 1st of May, starting in China.
The FIBA Basketball World Cup 2023 Trophy Tour presented by J9 has been launched as part of the Draw Festival and will now see the trophy visit all qualified countries.

Corpay Cross-Border Announced as World Triathlon’s Official Foreign Exchange Payments Supplier

Retrieved on:

Thursday, May 11, 2023

Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with World Triathlon, the worldwide governing body of international triathlon and its related multi-sports to become their Official Foreign Exchange (FX) Payments Supplier.

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Corpay1, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay’s Cross-Border business has entered into an agreement with World Triathlon, the worldwide governing body of international triathlon and its related multi-sports to become their Official Foreign Exchange (FX) Payments Supplier.
As part of this partnership, Corpay Cross-Border has also been named an Official World Triathlon Supplier and Official Event Supplier.
Additionally, Corpay Cross-Border’s award-winning platform will enable eligible companies to manage their global payments from a single point of access.
"The team at Corpay Cross-Border is very honoured to be named the Official FX Payments Supplier for World Triathlon" said Brad Loder, Vice President, Cross-Border Marketing, Corpay Cross-Border Solutions.

Small businesses seek to avoid possible credit crunch as Federal Reserve raises rates once more

Retrieved on:

Wednesday, May 3, 2023

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs.

Key Points:

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs.
A flurry of headlines in recent weeks has suggested a credit crunch – meaning the availability of lending gets scarcer – is already happening.
Concerns about the availability of credit have also risen as a result of a spate of bank failures, including that of First Republic on May 1.

Small but mighty

Despite their size, small businesses – typically defined as companies with under 500 employees – are a very important part of the U.S. economy.
And virtually all for-profit companies are considered small businesses.
Small businesses don’t borrow a lot of money, with the average size of their debt just US$195,000.
The last time small businesses faced similar financing challenges was during the 2008 financial crisis, when 1.8 million small businesses failed.

Signs of credit tightening

Whether or not the current banking turmoil is creating a serious credit crunch for small businesses remains an open question.
And the share of U.S. banks that say they’re tightening credit standards versus loosening them is at a level that has preceded the past few recessions.
In those cases, credit tightening may very well have been the consequence of the downturn, as opposed to the cause.
This tightening of credit could lead to decreased capital expenditures and slower payroll growth in the future.

Room for optimism

On the bright side, companies have been bracing for reduced access to credit since at least March 2022, when the Fed began raising rates.
What’s more, they’ve been anticipating that higher rates could drive the U.S. into recession.
That means they should have had plenty of time to prepare to weather most potential storms.

Small businesses seek to avoid possible credit crunch as Federal Reserve prepares to raise rates once more

Retrieved on:

Wednesday, May 3, 2023

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs.

Key Points:

Small businesses – the heartbeat of the U.S. economy – are beginning to feel the pinch of tighter credit conditions as the Federal Reserve continues to increase borrowing costs.
A flurry of headlines in recent weeks has suggested a credit crunch – meaning the availability of lending gets scarcer – is already happening.
A decline in the availability of loans and other financing poses problems for all types of companies.

Small but mighty

Despite their size, small businesses – typically defined as a company with under 500 employees – are a very important part of the U.S. economy.
And virtually all for-profit companies are considered small businesses.
Small businesses don’t borrow a lot of money, with the average size of their debt just US$195,000.
The last time small businesses faced similar financing challenges was during the 2008 financial crisis, when 1.8 million small businesses failed.

Signs of credit tightening

Whether or not the current banking turmoil is creating a serious credit crunch for small businesses remains an open question.
And the share of U.S. banks that say they’re tightening credit standards versus loosening them is at a level that has preceded the last few recessions.
In those cases, credit tightening may very well have been the consequence of the downturn, as opposed to the cause.
This tightening of credit could lead to decreased capital expenditures and slower payroll growth in the future.

Room for optimism

On the bright side, companies have been bracing for reduced access to credit since at least March 2022 when the Fed began raising rates.
What’s more, they’ve been anticipating that higher rates could drive the U.S. into recession.
That means they should have had plenty of time to prepare to weather most potential storms.

Northern Trust Asset Management Names Client Portfolio Manager for Muni Team

Retrieved on:

Tuesday, January 24, 2023

Finance, Banking, Accounting, Professional Services, Asset Management, National Federation of Coffee Growers of Colombia, NYU, Pi bond, Public service, NFMA, AllianceBernstein, Security (finance)

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.0 trillion in assets under management as of December 31, 2022, announced today that, effective January 9, John Ceffalio has been hired as head of Municipal Client Portfolio Management, a newly created position within its global fixed income group.

Key Points:

Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.0 trillion in assets under management as of December 31, 2022, announced today that, effective January 9, John Ceffalio has been hired as head of Municipal Client Portfolio Management, a newly created position within its global fixed income group.
The expansion of NTAM’s global fixed income team, responsible for $470 billion in fixed income assets under management, is designed to enhance capabilities as the team serves the evolving needs of fixed income investors worldwide.
As head of Municipal Client Portfolio Management, Ceffalio will work alongside the portfolio management and research teams, enabling him to bring meaningful insights to clients as he helps them navigate the evolving and increasingly challenging fixed income market.
The addition of Ceffalio to NTAM’s Fixed Income Group is part of the firm’s emphasis on delivering holistic global fixed income capabilities and exceptional client service experiences to investors.

Colombia's business forecast at FITUR surpasses US $15.6 million -- 85% higher than the previous edition

Retrieved on:

Thursday, January 26, 2023

Under the leadership of the Ministry of Trade, Industry, and Tourism -- and supported by ProColombia -- Colombia participated with a delegation of 38 companies, operators, regional promotion entities, and an airline. Colombian companies held 578 meetings with business representatives from 48 countries including Spain, the United Kingdom, Germany, the United States, Mexico, and Italy during the days aimed at professional audiences (January 18-20). In addition, 90% of the delegation confirmed to have found potential business opportunities.

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MADRID, Jan. 26, 2023 /PRNewswire/ -- During FITUR 2023 Colombia's business forecast amounted to US $15,647,570 -- an 85% increase compared to the previous edition.
In addition, 90% of the delegation confirmed to have found potential business opportunities.
Likewise, meetings were held with various international organizations, including the World Tourism Organization and the Development Bank of Latin America.
ProColombia President Carmen Caballero affirmed, "FITUR has been key in generating business in the Colombian tourism sector.

Colombia sets its sights on tourism as a vehicle for total peace and regional development

Retrieved on:

Thursday, December 29, 2022

MADRID, Dec. 29, 2022 /PRNewswire/ -- Colombia will participate in one of the world's most important tourism events, FITUR, which will take place in Madrid, January 18-22, to demonstrate that the country is synonymous with life. Colombia holds 10% of the planet's biodiversity, ranks in first place for bird, butterfly, and orchid species diversity, and is the only country in South America with coastlines bordering two oceans. Its natural vastness lays the foundation for tourism-related products that honor life, which will be leveraged in the capital of Spain.

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Its natural vastness lays the foundation for tourism-related products that honor life, which will be leveraged in the capital of Spain.
The organic architecture of the stand will mimic nature by means of triangular large format prints that will showcase Colombia's sustainable destinations, highlighting respect for local populations and the way tourism boosts development.
The six major tourism regions are the Great Colombian Caribbean, the Eastern Andes, the Western Andes, the Macizo region, the Pacific region, and the Amazon/Orinoco region.
"Colombia will demonstrate that it is a great destination for international travelers during Fitur 2023, the first global event of the year for all tourism professionals.