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Relationship Between Abe and Japanese Yen

  Shinzo Abe, the longest-serving Japanese Prime Minister in history, has suddenly resigned on August 28, citing health reasons. He will remain in his post until a successor is chosen. Mr Abe said he would still participate in the parliamentary vote and would not completely withdraw from politics.To get more news about WikiFX, you can visit wikifx official website.
On September 26, 2012, Shinzo Abe was elected as the president of the Liberal Democratic Party and won the general election later on December 26 in the year. After he became the president, the Japanese yen shrank from the peak of 77.13, while after he became the Prime Minister, the country‘s currency kept slipping till June, 2015 and bottomed at 125.86. The reason is the well-known 'Abenomics', which aimed to stimulate Japan’s exports and prevent the worsening deflation by exerting a big depreciation in the value of the currency.

  Japan‘s economy once recovered because of the Abenomics, and investors even regained confidence amid the successful Olympic bid. However, no one has ever expected that the outbreak of COVID-19 would completely destroyed the Abenomics and made Abe drained and resign from his post. After Abe announced his resignation, forex traders bought the yen aggressively as no one could anticipated who’s his successor and whether the following policy would be in line with Abes.
  On the other hand, Japan‘s stock markets went into a tailspin on the news of August 28. With the unwinding of carry trade and the rising risk aversion, the yen appeared to be strong and popular again. Under the Japan’s uncertain political situation coupled with the continued weakness of the U.S. dollar, the yen has the opportunity to maintain its strength in the short term and challenge the two major resistance levels of 104.19 and 101.48.

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Tokeninsight published its “2020 Q2 Cryptocurrency Mining Industry Report” and the study shows a lot has happened in the bitcoin mining industry during the first half of 2020.To get more news about china industry research, you can visit acem.sjtu.edu.cn official website.

The new research paper discusses a number of topics that affected the bitcoin mining industry this year and the countries that are welcoming these operations. For instance, Tokeninsight highlights that the Uzbekistan government established a “national mining pool” in January.After that announcement, Quebec’s Hydropower Agency of Canada allowed bitcoin miners to obtain 300MW of electricity.

In February the Ukraine government said bitcoin mining “does not require government supervision and intervention.” The following month, Missoula County, Montana, created new regulations for bitcoin miners.In May, The Acting Minister of Energy of Ukraine told the public bitcoin miners might be able to draw nuclear energy. In April, the local government officials in Sichuan approved the “Hydropower Consumption Demonstration Enterprises.”

News.Bitcoin.com recently reported on the second-batch of consumption enterprises approved in Sichuan. In June, the Parliament of Kyrgyzstan said it plans to “tax and supervise digital asset miners.”Tokeninsight said that China has been the hardest hit in 2020 as the country has seen a significant impact from a variety of reasons.

The Tokeninsight researchers mentioned that Covid-19 caused mining rig shipment delays, the bitcoin halving cut revenue in half for Chinese miners, internal disputes from mining machine manufacturers like Canaan and Bitmain, and the report also mentions mining policy changes in Sichuan.“In terms of the mining machine manufacturing sector, new players are eager to enter the field, and the old overlords are also trying their best to update the technology to manufacture leading products in the market,” the paper notes. “In the first half of 2020, new generation mining machines including Bitmain’s S19 and S19 Pro, WhatsMiner M30 series, and Canaan’s A1146 Pro and A1166 Pro have been launched one after another.”

Making China’s Industries Smarter, Faster

The greatest impact on the global value chain was felt in Mainland China, where nearly 30 percent of global manufacturing output originates. This sent China’s economy into a nose dive, resulting in a record contraction in output of 34 percent in the first quarter of 2020, according to World Bank figures.To get more news about chinese industry and management practice, you can visit acem.sjtu.edu.cn official website.

While second quarter growth of 3.2 percent signals a rebound for China, manufacturing enterprises are aware that a return to “business as usual” is not an option. They need to address issues that will make them vulnerable to the next potential supply chain disruption.

If the benefits of digitalization were not clear to c-level executives before the crisis, they should be by now.

Digitalization is widely viewed as one of the keys to a sustainable recovery from the pandemic. Studies show that companies that move early and decisively to digitalize their operations during challenging times can turn adversity into advantage. Boston Consulting Group found that 14 percent of companies were able to emerge stronger from the four most recent global economic downturns, increasing both their sales and profit margins

Staying power is also key. Research by management consultant McKinsey found that companies which remained steadfast and committed to their long-term growth strategy during a downturn were able to accelerate faster coming out of it.

Some markets are benefitting from government stimulus packages that support investment in new technologies. In China, a government infrastructure package passed in March totaling $US4.8 trillion is aimed at softening the blow of current and future disruptions. It encourages investments in new data centers, artificial intelligence (AI), smart manufacturing, and 5G networks. The expectation is also that by rejuvenating legacy systems, China’s manufacturing will be able to reverse the productivity decline it has experienced since the global financial crisis of 2008.

The main applications for AI in manufacturing include value chain redundancy, remote operations, process automation, industrial robotics, predictive maintenance and machinery inspection, and autonomous materials movement. Machine learning now makes up 40 percent of all patents in the AI realm.Companies that can scale up their AI use cases during the crisis will be better able to navigate uncertain supply and demand, adjust to disruptions in operations and supply chains, allocate their workforces, and adapt to sharp changes in consumer confidence and priorities, according to analysts from Boston Consulting Group.

There is no shortage of automation experts touting the benefits of manufacturers investing in AI; investments in this technology are expected to reach $18.8 billion by 2027 (see below for more analyst predictions).

Sam Li, global senior vice president and general manager of SAP China, is convinced that digitalization will drive China’s economy out of its current trough, and that AI shows the most promise in making companies resilient.

“Just as digitalization has enabled China’s consumers to access life-essential services and stem the deadly chain of infection, digitalization in the business-to-business sector to create intelligent and integrated enterprises will be the engine for economic recovery,” Li said last month at the 2020 World Artificial Intelligence Online Conference (WAIC) in Shanghai.

He sees huge potential for AI in China’s manufacturing industries, and believes SAP is set up to become a main driver for AI in this sector: “As a global technology company with both business and R&D headquarters in Shanghai, SAP will help build a world-leading AI co-innovation and technology center in Shanghai and actively promote the integrated development of AI and industry in China.”

Rise of Chinese business schools a sign of the times

As the biggest contributor to the world economy, it's no surprise that China is experiencing its latest boom in business schools. This year 15 Asian universities, seven of them Chinese, have made the latest Financial Times MBA rankings published last week.To get more news about top mba colleges in China, you can visit acem.sjtu.edu.cn official website.

A decade ago, the FT ranked only four Asian universities in the top 100, while US schools dominated more than half the list. Go back another five years, and that number is reduced to two.

The China Europe International Business School (Ceibs), based in Shanghai, leads the way in Asia, moving up three positions to eighth place and returning to the top 10 for the first time since 2009. Meanwhile, Lee Kong Chian School of Business at Singapore Management University enters the list at 49 as the highest of four newly ranked MBA programmes.

These developments reflect Asia's transformation into a hotbed for global business activity in the last decade, said Pavida Pananond, an associate professor of International Business at Thammasat University.

"If you are sitting in London or Boston, you might not really feel the action as much as if you were sitting in Shanghai to see how business is growing in China. So one of the first advantages of these Asian schools is that you are located where the action is," she told Asia Focus.

"The second would be the opportunity to build networks of alumni and friends in Asia. As we all know, Asian countries are normally countries that rely a lot on networks."

Although MBA courses are generally delivered in English, networking in the broader business world may often hinge on expatriates being able to speak the language of the host country. While 85% of respondents in last year's Expat Insider survey noted the difficulties of learning Mandarin Chinese -- one of the world's hardest languages -- more than 50% said not knowing the language limited their capacity to settle in and befriend local people.

The number of expats working in China has been rising exponentially since 1978 when Deng Xiaoping opened its economy to the world. According to the most recent available census data from 2010, some 600,000 expats were working or living in cities across the country, one-third of them in Shanghai. Antai College of Economics and Management in Shanghai has 43 foreign students in its MBA courses this year.

With more and more expats choosing Asia as their destination for professional growth, demand for education that offers an Asia-specific context is also on the rise.

The Ceibs MBA, for instance, offers students "a ringside seat from which to observe and experience how business is done in China", Ceibs associate dean Juan Fernandez told the Nikkei Asian Review. "Almost 95% of MBA students who graduated in 2017 accepted job offers received, with a salary increase of over 100%. Among them, 66.2% found jobs through the school's resources and 78.1% of international students are working in the Asia-Pacific region."These substantial figures are in line with China offering the second highest expat salary packages in the region after Japan, according to a survey by ECA International. In another survey, more than half of working expats said they earned more in China than they would at home.

But it's not just China that shows promising potential in the area of business education. Also in contention are Singapore, the financial hub of Southeast Asia, as well as India, a fast-expanding economy set to overtake France and the UK as the world's fifth largest economy this year. Three MBA programmes from Singapore and four from India made this year's FT ranking. Fifteen years ago, no schools from either country featured on the list.

Car finance commission to be banned – how much will you save?

Salespeople are often rewarded in commission for high levels of sales, but the ways the commission is calculated vary and can be complex. An investigation last year by the FCA revealed that when it comes to arranging some types of credit – such as car finance – certain forms of commission have been incentivising sellers to unfairly hike the prices on deals, potentially leaving customers collectively overpaying by hundreds of millions of pounds every year.To get more auto finance news, you can visit shine news official website.

More than nine in 10 new cars were sold using car finance schemes in the past year. Under typical finance deals, you borrow a sum of money towards the cost of the car, which is then repaid monthly – with interest – over a set term. The money is usually lent by a finance company, such as a bank, but the deals themselves are arranged by car dealers or brokers, who are paid commission for setting up the loan. Under some existing models of commission, which the FCA reports to be ‘widespread’, the amount paid to brokers rises in line with the interest rate on the finance deal. Furthermore, under some arrangements, brokers can also control the interest rates set on individual deals. This effectively means they stand to earn more commission by making credit deals more expensive than they need to be for customers.

The FCA is now banning such types of commission – a measure due to come into effect on 28 January 2021. Firms will also have to give customers more information about the commission they are paying when entering into finance deals. An FCA spokesperson commented: ‘By banning this type of commission, where brokers are rewarded for charging consumers higher rates, we will increase competition and protection for consumers.’

The watchdog’s analysis found that where deals are arranged through commission models like this, interest rates are routinely higher. The FCA reckons the ban could save customers £165m a year. With one of the commission models investigated, a typical customer on a four-year finance deal for a £10,000 car would be likely to pay around £1,100 more in interest than if the broker were paid a fixed fee.

The watchdog’s analysis found that where deals are arranged through commission models like this, interest rates are routinely higher. The FCA reckons the ban could save customers £165m a year. With one of the commission models investigated, a typical customer on a four-year finance deal for a £10,000 car would be likely to pay around £1,100 more in interest than if the broker were paid a fixed fee.

China has turned Shanghai into a free trade zone, as it hopes to open up even more to the west. The new economic zone will make it easier for foreigners to invest money. In addition, the Chinese currency, Yuan, can be traded freely within the zone.To get more latest china economy news, you can visit shine news official website.

Banks will profit most from the new trading zone because interest rates will not be controlled by the Chinese government. Other free sectors include shipping, travel, insurance and medicine.

China’s government will lift the restriction on the production of certain items, like video games.Foreign companies are now allowed to manufacture game consoles freely, after a 13-year ban. The government has also promised to allow companies to access web sites that have not been accessible in China.

The new free-trade zone is the most important step towards free-market economy since Deng Xiaoping created special economic zones in China in the 1980s. Chinese leaders want to show that the country is willing to move its economy forward, especially in times when growth has slowed down a bit. Economic experts in China hope that the zone will increase investment and provide a new boost for China’s economy. Government leaders have set up a time frame of three years to see if the new zone succeeds. If so, other free trade areas may follow in other parts of China.

Shanghai, with a population of 20 million, is China’s most important financial centre. The new economic zone is to cover about 30 square kilometres of land around the harbour and the international airport

In the past few months real estate prices have already gone up in the free trade zone. 25 firms have already been allowed to set up operations with more to come. Although Chinese leaders hope to divert business away from Hong Kong, the economy in the former British colony will have nothing to fear. It will remain one of Asia’s biggest financial centres.

The two compounds might be different, but they deliver the same results to the user. Vitamin C is an excellent supplement for your skincare. Cosmetic studies show that Vitamin C serves as a potent antioxidant, skin brightener, and collagen booster. However, Vitamin C is very unstable and becomes ineffective within no time. Therefore, the cosmetic industry players have been trying hard to develop smart vitamin C derivatives that are stable and with pure vitamin C properties.To get more news about antioxidant vitamins, wisepowder official website is the best place for you.

In the process, ethyl ascorbic acid, which is a derivative of ascorbic acid, was developed, and it mainly consists of vitamin C and ethyl group in the third carbon position. The ethyl group makes the vitamin C solution in both oil and water as well as make it more stable to offer consistent vitamin C benefits. Talking about 3-o-ethyl ascorbic acid vs l-ascorbic, the two are similar in terms of the results they provide to the users. However, due to the ethyl group attached, this vitamin C derivative makes it more stable than l-ascorbic acid or vitamin C. That means when you take the 3- 0-ethyl ascorbic acid, you will sure of stable results especially if you want to improve your skin brightness.

You can also include vitamin C foods in your diet to continue enjoying the benefits. However, as mentioned earlier, you might not get the desired results when you take natural vitamin C since it is not stable enough to deliver continuous results. That’s why it’s advisable to accompany your diet with the use of vitamin C for skin. You can always get usage guidance from cosmetic experts and nutritionists for better results.

Ethyl ascorbic acid or 3-O-Ethyl-L-Ascorbic acid (86404-04-8) is a molecule that is produced by modifying the ascorbic acid, mostly known as Vitamin C. The modification is usually done to improve the molecule’s stability as well as enhancing its transportation through the skin and as a pure Vitamin C, it’s easily degraded. Once the drug gets into your body, the modifying group is removed, and the vitamin C is gets absorbed in its natural form. That means 3-o-ethyl ascorbic acid serum provides you with all Vitamin C benefits. The compound is more potent in restoring a darkening skin after UV exposure.To get more news about 3-O-Ethyl-L-ascorbic Acid, wisepowder official website is the best place for you.

On the other hand, 3-o-ethyl ascorbic acid delivers additional effects in your body that are not present in the pure ascorbic acid like stimulating nerve cell growth or minimizing chemotherapy damage. It has a slow-release, which ensures that you are not exposed to toxic effects when taking this Vitamin C derivative. There are many stable Vitamin C derivatives on the market, but sometimes choosing the best is not as easy as it sounds. For instance, ethyl ascorbic acid vs magnesium ascorbyl phosphate, which almost work in the same way in brightening your skin and as an anti-aging supplement, can make it hard for you to choose the right supplement. Talk to your cosmetic experts for more information about Vitamin C derivatives.

Sesamol (533-31-3), which is also referred to by industrial users as Sesamol 533-31-3 or 3,4-(Methylenedioxy)phenol, is one of the lignan compounds which are extracted from roasted sesame oil. Besides the sesame phenol, other lignan compound extracts of the oil are sesamin and sesamolin.To get more news about Sesamol, wisepowder official website is the best place for you.

Sesamol is an phenolic antioxidant compound that has been played a very significant role in the medical field as it’s been found to have properties that can be used in cancer treatment. This compound is soluble in water and is characterized by a remarkable oxidant capacity.

Because of its strong oxidation properties, sesamol 533-31-3 is popularly used as an oxidant in treatment drugs as well as foods. In the healthcare field, particularly pharmaceutical synthesis, the compound is used as a starting material in the production of drugs that are used for treating hypertension as well as cardiovascular medicines.

Also, sesamol phenol can also be used as a raw material in the manufacturing of a pesticide called piperonyl butyl ether.

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