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Assessing Cities Around the World for Female Entrepreneurs

first_imgEver since the end of the aughts, Dell has been running a project that revolves around supporting female entrepreneurs: the Dell Women’s Entrepreneur Network (DWEN). Around that time, the question often arose – not least in the wake of the financial crisis – as to how enterprises could return to increased growth. One potential answer: companies led by women.The World Bank and the World Economic Forum drew the conclusion that female entrepreneurs could be decisive in effecting a shift towards increased growth in the global economy. This is because, taken as a total, female entrepreneurs possess economic power roughly equivalent to those of China and India combined. That vast resource should not be left untapped.However, research into this area also indicated that female executives and entrepreneurs often do not actually play the roles that they could in the economy. In most cases, this has nothing to do with the fact that women are often hindered or thwarted in their work. Usually, their inability to reach their full potential is due to ‘static’ framework conditions that have a negative impact. For example, these include disadvantages in access to capital or markets, or poor access to other resources such as technology or ‘the best and brightest’ staff – to say nothing of women’s need to catch up with their male counterparts in terms of informal networking, a phenomenon that I can confirm from personal experience. In the established business networks that men have often built up over many years, an ‘old boys club’ attitude still prevails – which, of course, nobody would ever actually admit out loud.That is why DWEN has, from the very start, operated as an international networking platform for women in leadership positions, forming a network and community of like-minded women that also opens up direct access to valuable resources. At the many and highly popular annual DWEN meetings, which have been held at sites including New Delhi, India, Cape Town, South Africa, Berlin, Germany, and, recently, San Francisco, we lived up to our promise and created a platform for making new contacts, one that women use to share their professional experiences. DWEN is a success story; and since women still aren’t where they could – and should – be in the business world, it will continue to serve as an important stimulus towards making that happen.Addressing factors on a local scale: DWEN’s WE Cities IndexOf course, DWEN has not contented itself with merely building an international networking platform. Another pillar of the work we do – in the broadest sense – is lobbying for female entrepreneurs. We want to instill within decision-makers in the fields of business and politics a sense of how important a role women-led companies can play in the global economy.Our effort towards this end particularly includes the Women Entrepreneur Cities (WE Cities) Index, which was informed by numerous experiences gathered through the DWEN campaign.WE Cities takes a different focus – as its name suggests, instead of focusing on countries, it focuses on cities. The WE Cities Index evaluates various cities’ potential for female entrepreneurs. It is a gender-specific index that researches the conditions for companies founded by women in the respective cities. The index also makes it possible to summarize the effects of local politics and measures for promoting women at the workplace.Of course, since studies are always bound to a certain scope, only a limited selection of cities could be taken into account: 50 cities in total were researched and evaluated along the criteria of access to capital, technology, education, and markets, as well as cultural factors. Out of 72 indicators in total, 45 had a gender-specific component.The 50 cities were selected for their general, gender-independent reputations as hubs of innovation, as well as for geographical aspects – in other words, these are cities from all parts of the world.Two German cities were included in the index: Berlin and Munich. Berlin took 21st place in the overall ranking; in the ‘Markets’ category it attained 8th place, and took an impressive third for costs of technology. Meanwhile, Munich only took 31st place in the overall ranking. The Bavarian state capital came away in 13th place in ‘Culture’ and a mere 42nd in access to capital.I want to strongly discourage against conceiving of the selected cities as being in a competition for the best spots, turning the index into a mere comparison of figures, and obsessing over where we stand. It is far, far more important that the (political) powers that be in the selected cities take the data and information from the WE Cities Index as a tool that they can use to critically assess and review their own efforts towards promoting female entrepreneurs. The index is meant to serve as a way of identifying needs for optimization.I also do not wish to address the individual results and the rankings of the 50 cities at this point in time. Instead, I would prefer to point out two things that I found particularly interesting.Firstly, there is a great deal of room to improve. Although New York City came in first in the overall ranking, at 63 out of a potential 100 points, even number one has significant potential for optimization. NYC is still a long way away from being an ideal city for female executives and entrepreneurs. In other words, nothing is set in stone.Secondly, the rankings in the individual categories vary widely – no one city is leading the way in terms of all criteria, and no one city is bringing up the rear on all fronts, either. For example, Lima, the Peruvian capital, is lagging far behind in terms of access to capital, but offers comparatively good opportunities for market access. This means that even lower-ranking cities have areas in which they are doing well.Taken as a whole, WE Cities shows that there remains a great deal of work to be done – women stand to achieve more than is currently the case. The digital transformation represents a vast entrepreneurial challenge, one that calls for drawing upon all available resources. No society can afford to leave valuable resources – such as a qualified female workforce – untapped.last_img read more

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52 Coal Companies Among Norway Divestiture Sales

first_img52 Coal Companies Among Norway Divestiture Sales FacebookTwitterLinkedInEmailPrint分享Stine Jacobsen for Reuters:Norway’s $863 billion (£610.3 billion) sovereign wealth fund, the world’s biggest, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal. The biggest holdings included a $188 million stake in CLP Holdings (0002.HK).Norway’s parliament agreed last year to make the fund, built on revenues from the country’s vast offshore industry, sell out of companies that derive more than 30 percent of their turnover or activity from coal.The fund listed U.S. firms American Electric Power Co Inc (AEP.N), AES Corp (AES.N) and Allete Inc (ALE.N) among the firms, along with China Coal Energy Co Ltd (601898.SS) and Coal India (COAL.NS), the world’s biggest coal miner by output.Global coal producer Peabody Energy Corp (BTU.N), which filed for bankruptcy on Wednesday, was also on the list. The fund expects to exclude more firms from its investment universe amid the new rule.Full article: Norway’s $863 billion wealth fund bans 52 coal-linked firmslast_img read more

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Early Voting expands hours; BOE says they were shocked by early turnout

first_imgThe BOE also says it’s happy to see people social distancing in line, wearing masks, and taking other safety precautions. And the BOE says that as of 12p.m. on Oct. 29 they have received over 11,000 ballots. They say they of course expect more, but add that they will not be counting them until election night. After the second day of early voting, officials say there was a 5% voter turnout in the county. Officials say if numbers remain, it could lead to a record voting turnout for Broome County. The BOE said it didn’t quite know what to expect, having received so many absentee ballot requests, and as it is the first time a Presidential Election has had early voting in the state of New York. The BOE said they were shocked but thrilled by the turnout. center_img ENDICOTT (WBNG) — The Board of Elections has expanded early voting hours after seeing a huge increase in turnout. They say they expanded hours from 9a.m-5p.m Wednesday through Sunday. The last day to vote early is November 1st. last_img read more

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BTN to improve asset quality, boost low-cost funds

first_imgIn the first six months of the year, BTN’s total loan disbursement increased just 0.32 percent to Rp 251.84 trillion yoy.With that, BTN, which focuses on mortgages, saw a 41 percent fall in profit yoy in the year’s first half to Rp 768 billion in net profit during the period.Its housing loans grew 0.96 percent yoy to Rp 228.92 trillion from Rp 226.75 trillion, backed by the subsidized mortgage segment, which grew 5.84 percent yoy while other segments within the housing loans sector contracted. Meanwhile, to boost its collection system, the bank is conducting efforts such as establishing two new divisions to accelerate the settlement of bad loans while improving its loan restructuring business process, according to Nixon.BTN reported a jump in its non-performing loan (NPL) ratio to 4.71 percent as of June, much higher than the 3.32 percent ratio recorded in the same period last year. It expects to further lower the ratio to 4.5 percent by the end of the year.Indonesian banks’ NPL, at the same time, reached 3.1 percent in June this year.The bank is also developing its digital platform as the pandemic has accelerated digital adoption among its customers. The bank saw its mobile banking and internet banking users soar 29.88 percent and 139.25 percent, respectively, in the first half of the year in comparison to the same period last year.The value of mobile banking transactions rose 31.52 percent yoy to Rp 5.69 trillion while its internet banking transaction value increased 13.90 percent yoy to Rp 492.66 billion.The digital system has also aided its loan growth, as it eyes a 5 to 6 percent increase in loan and financing this year, lower than the initial target of 8 to 10 percent.“During the pandemic, BTN has to always keep up with the macroeconomic trend and the industry, so then adjustment of the business target has to continue,” BTN chief economist Winang Budoyo said.The bank reported significant growth in its online property portal btnproperti.co.id. In the first half of this year alone, it saw 2.91 million visitors and almost 12,000 loan applicants, with loans totaling Rp 697.58 billion. The bank’s shares, traded on the IDX under the code BBTN, slipped 0.32 percent to Rp 1,565 per share on Wednesday, on the other hand, the benchmark Jakarta Composite Index (JCI) gained 0.03 percent.  Topics : State-owned Bank Tabungan Negara (BTN) is aiming to focus on improving its asset quality this year and boost low-cost funds amid rising bad loans and eroded profits during the COVID-19 outbreak.The bank’s finance, planning and treasury director Nixon LP Napitupulu stated that among the bank’s strategies was attracting more low-cost funds with a bundled product called the BTN Solusi program, as well as strengthening its collection management system.“We are bundling [our products], if they [companies] want to do their payroll with us, we will give a housing loan rate of 6.99 percent. The purpose is to attract people to save or move their payroll to BTN,” Nixon said during a virtual event hosted by the Indonesia Stock Exchange (IDX) on Tuesday. As of June 30, the bank had attained almost 16,000 new payrolls from the program.BTN recorded a 2.99 percent year-on-year (yoy) increase of third-party funds in the first half of the year to Rp 226.3 trillion (US$15.4 billion), while Indonesian banks’ third-party funds grew 7.95 percent annually in June.BTN has revised down its third-party funds growth target to between 8 and 9 percent this year, much lower than its initial target of 13 to 15 percent.“Our third-party funds have strengthened during the pandemic, and it is especially having an effect on our liquidity. Because our loan growth is lower than under normal circumstances,” Nixon added.last_img read more

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Pompeo shortens upcoming Asia trip after Trump falls ill with COVID-19

first_imgUS Secretary of State Mike Pompeo will depart for Japan on Sunday but will not go to Mongolia and South Korea as originally planned, the State Department said on Saturday, after President Donald Trump was diagnosed and hospitalized due to the coronavirus.Initially, Pompeo planned to visit all three countries between Oct. 4 and Oct 8. He is still set to leave for Tokyo on Sunday but will be returning to Washington on Oct. 6 after consultations with his Japanese counterparts and attending a wider meeting with foreign ministers of India and Australia.Trump announced his illness in the early hours of Friday and was flown from the White House to Walter Reed National Military Medical Center near Washington. In a video from the hospital on Saturday, he said he felt ‘much better’ but the next few days will be ‘the real test’ of his treatment for COVID-19. Topics : In a speech delivered virtually earlier to the Florida Family Policy Council, Pompeo said he was in good health but that he canceled his in-person appearance at the event “out of an abundance of caution.” He said he still planned to go to Asia.”You should know that I’m feeling fine, I’m doing great. I’ve been tested twice in two days. I’m as healthy as I’ve been. And I intend still – I have a trip that I’m planning to take to Asia tomorrow,” he said.In a statement, the State Department said Pompeo was expecting to travel to Asia again in October and will work to reschedule the visits in his original itinerary.Pompeo’s visit to East Asia, his first to the region in over a year, comes at a time when US ties with Beijing are at their worst in decades. Apart from Trump, the coronavirus has infected his wife Melania and several Republican senators, as well as millions of other Americans.last_img read more

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Wolf Administration Previews 2018 Indiana-based Region Construction Season, Highlights Projects

first_img Infrastructure,  Press Release,  Transportation Zelienople, PA –  Governor Tom Wolf and Pennsylvania Department of Transportation (PennDOT) Secretary Leslie S. Richards today highlighted transportation investments as PennDOT announced that 107 highway and bridge projects are anticipated to be bid or continue this year across the five-county, Indiana-based region during this construction season.“We are continuing our much-needed investments in roadways and bridges across the state,” said Governor Wolf. “This includes heavily traveled and rural roadways alike, all of which are critical to moving goods and people.”Complementing the significant projects in the region, Governor Wolf recently reinforced the administration’s commitment to rural roads with new plans to improve more than 1,100 rural and low-volume roadway miles and rehabilitate or replace at least 85 municipally owned bridges over five years.“We are committed to our responsibility of maintaining safe, efficient travel,” Richards said. “We and our private-sector partners are working hard to support commerce and the public’s travel.”Today’s announcement was made at the Interstate 79 Project in Butler County during a work-zone safety media event. The department anticipates investing more than $331 million this year in the PennDOT Engineering District 10 region spanning Armstrong, Butler, Clarion, Indiana, and Jefferson counties. PennDOT anticipates rehabilitating, reconstructing, and resurfacing 129 miles of highways and improving 39 bridges this year in the region.“As our road system has faced a difficult winter, we look forward to the projects going to construction this year in our region,” said District 10 District Executive, Joseph P. Dubovi, III. “Our goal is to keep the roads as safe as possible for both our workers and the traveling public and we ask for patience while these important projects are underway.”Notable projects this year include:Armstrong CountyRoute 422 Wray Road cut roadway relocation project in Kittanning Township ($10.7 million);Kittanning Elementary School Intersection safety improvement project on Route 422 from Silvis Hollow Road to east of Graham Road in Kittanning Township (estimated $7.5 million to $10 million); andRoute 66 Oakland Cemetery Bridge replacement in Manor Township ($4.1 million).Butler CountyRoute 228 Cox’s Corner Roundabout project in Clinton Township (nearly $6 million);Route 422 Moraine State Park Access Project in Muddy Creek and Worth townships ($4.3 million);Concrete patching and resurfacing of over 15 miles on I-79 between Exit 88, Little Creek and Exit 105, Slippery Rock, in the townships of Lawrence, Jackson, Lancaster, Muddy Creek, and Worth (nearly $26 million); andRoute 228 Pittsburgh Street intersection improvements in Adams Township (nearly $8 million).Clarion CountyConcrete patching and resurfacing on I-80 for approximately 4 miles in Beaver Township ($19.4 million);Route 68 Dolby Street intersection project in Monroe Township (estimated $10 million to $12.5 million); andRoute 68 Reidsburg Bridge curve project in Monroe Township (estimated $2.5 million to $5 million).Indiana CountyRoute 119 Three Bridges project in Center Township ($15.2 million);Route 119 Grove Chapel climbing lane and realignment project in Rayne Township ($16 million); andRoute 422 Penn Run, North Harmony to Route 403 resurfacing project in Pine Township ($5.5 million).Jefferson CountyRoute 436 Margiotti Bridge replacement in Punxsutawney Borough ($12.6 million);Route 36 concrete repairs in Brookville Borough ($2.6 million); andRoute 119 Indiana Hill Bridge replacement project in Punxsutawney Borough (estimated $2.5 million to $5 million).As construction projects are underway in the region, the traveling public can anticipate seeing many work zones and are urged to keep in mind their safety and the safety of highway workers. When encountering a work zone, please drive the posted speed limit, turn on your headlights, pay close attention to signs and flaggers and avoid all distractions. In high traffic locations, motorists are encouraged to use both lanes of travel to the merge point and are to take turns merging into the open lane.For more information on projects occurring or being bid this year, those made possible by or accelerated by the state transportation funding plan (Act 89), or those on the department’s Four and Twelve Year Plans, visit www.projects.penndot.gov.Motorists can check conditions on more than 40,000 roadway miles by visiting www.511PA.com. 511PA, which is free and available 24 hours a day, provides traffic delay warnings, weather forecasts, traffic speed information and access to more than 850 traffic cameras.511PA is also available through a smartphone application for iPhone and Android devices, by calling 5-1-1, or by following regional Twitter alerts accessible on the 511PA website.For more PennDOT information, visit www.penndot.gov. Follow local PennDOT information on Twitter at www.twitter.com/511PAPittsburgh. www.twitter.com/511PAErie, and www.twitter.com/511PAStateColl. Wolf Administration Previews 2018 Indiana-based Region Construction Season, Highlights Projects SHARE Email Facebook Twittercenter_img April 24, 2018last_img read more

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Chelsea Wilhoite is the GSC Defensive Player of the Week

first_img Share Oct. 30, 2007BIRMINGHAM, Ala. – Outside hitter Chelsea Wilhoite (Fr. / Jacksonville, Fla.) is the Gulf South Conference East Division Defensive Player of the Week. Wilhoite set the tone defensively for the Argonauts, helping them to a 2-0 week and an East Division championship. In a 3-0 win at North Alabama, the freshman had an outstanding defensive performance. She contributed 18 digs on the night, and also collected two blocks. She averaged 4.4 digs per game on the week, and also provided some offensive punch with five kills and no errors.Wilhoite is the seventh different Argonaut to win a Player of the Week award this season. West Florida has won eight awards over the last six weeks, and have landed nine of the twenty awards so far this season. Four times the Argos have had the offensive player of the week, and five times they have recorded the defensive player of the week.Luciana Rapach has twice won the defensive player of the week, and Kimberly Clark has won both the offensive and defensive player of the week awards. Meanwhile, Danielle Spitzer (Offense), Isabela Gualberto (Offense), Madeline Gonzalez (Offense), and Jerica Carter (Defense) each won the award once. No school had ever previously had seven different players win the award.The Argonauts are now 27-4 on the season, and play their final two home matches this weekend. West Alabama visits UWF on Friday at 7:00 pm for Senior Night, and Montevallo takes on the Argos on Saturday at 3:00 pm. West Florida has clinched the top seed in the East Division for the conference tournament beginning Nov. 9th. Print Friendly Version Chelsea Wilhoite is the GSC Defensive Player of the Weeklast_img read more

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Two Indian Climbers Die on Mt. Kanchenjunga

first_imgKathmandu: Two Indian climbers died on Mount Kanchenjunga while descending from the summit of the world’s third highest mountain, the expedition company said on Thursday. Pasang Sherpa, Director at the Peak Promotion Nepal, the company, told Xinhua news agency that the Indian climbers collapsed at an altitude of 8,400 meters. “Indian national Biplab Baidya and Kuntal Karna died of altitude sickness while descending from the summit,” Sherpa said.Their bodies will be airlifted to Kathmandu probably on Friday, he said. A total of 23 people were in the expedition team when they left for the summit on April 6.Meanwhile, a national from Chile, Rodrigo Vivanco, has gone missing in Mount Kanchenjunga since Wednesday evening. “We have mobilized a team to rescue Rodrigo who has gone missing above Camp IV on the descent after he reportedly made it to the summit,” he said. IANS Also Read: SPORTS NEWSlast_img read more

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Colts overpower Pepsi Sonics 71-56 , Royals crush Raiders 96-56

first_imgBy Joe ChapmanTOP ranked clubs in their respective associations, Georgetown’s Colts and Victory Valley Royals of Linden started their campaign ominously when the 6th Brushes Classic invitational championship began with the Colts recording a comfortable 71-56 win over Pepsi Sonics, while Victory Valley Royals dominated Retrieve Raiders with a 96-56 blowout, Saturday night at the Mackenzie Sports Club hard court.Among those to witness these opening matches were President of the Guyana Amateur Basketball Federation, Nigel Hinds, along with Monty ‘Tanner’ Profitt, the tournament’s major sponsor; former senior national standouts, James and Mike Brusche and Auric Tappin, all of whom now reside in the United States and are home specifically for this sixth biennial tournament which has at stake $300,000 for the winners, $200,000 for the losing finalists, and $100,000 for third place, along with several other trophies and prizes.Nigel Hinds Financial Services are also on board as a sponsor of this year’s Brusches Classic. .Colts and Royals disposed of their opponents to move smoothly into the semifinals which will be played on Friday at the tournament venue–the MSC hard court.In their opening game it was the Sonics who took an early lead when the first quarter closed out with them ahead 17-14, but the response by Colts, the reigning National Club Champions was a 22-15 performance-run which pushed them into the lead at half time 36-32.Pressing on their familiar run at opponents resulted with the third quarter looking familiar for the Colts who maintained control 55-42 before the final scores reflected some solid performances as the Colts won 71-52. This was behind a top score of 16 points from Dennis Niles, who also collected seven rebounds and two steals, Timothy Thompson contributed 14 points while Shelroy Thomas and Shane Webster added 13 and 12 points, respectively.M. Richards and D. Lewis each had 13 points for the Sonics.In the other game Royals showed early form to dispatch Retrieve Raiders by a 40-point gap, winning 96-56 after leading 17-13 when the first quarter ended and doubling their opponents’ second quarter showing 28-14 to take command at half time, 45-27.By the end of the third period it was 68-37 and they accelerated to a final score, 96-56 in the end to breeze past their opponents.Their captain Chris Williams showed them the way with 20 points, five rebounds and two steals, while the returning Alwyn Rodney netted 19 points, Harold Adams got 17 points, five steals, five assists and two blocks while Trevor Profitt added 13 points in the process.Only a 16-point game from Omally Sampson, Alexander Rose with 14 and Duel Montrose with 13 points, four rebounds and three steals made an impression for the losers.last_img read more

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Syracuse men’s basketball game day: What to know about Clemson matchup

first_img Published on February 7, 2017 at 6:03 am Contact Paul: pmschwed@syr.edu | @pschweds Syracuse (15-9, 7-4 Atlantic Coast) visits Clemson (13-9, 3-7) on Tuesday at 8 p.m. After winning his unofficial 1,000th game, Orange head coach Jim Boeheim will go for official win No. 900, a result of the NCAA’s vacation of 101 of his wins. SU is riding a four-game winning streak and will look to continue it against the Tigers.Here are answers to your pressing game day questions.How can you watch the game? The game will air on the ACC Network. In the Syracuse area, it’ll air on the CW. Here are channel listings based on provider.• Time Warner: 1212 (high-definition) and 6 for non-digital subscribers• DirecTV: 14• Verizon Fios: 506 (high-definition) and 6 (standard-definition)• Dish Network: 14• New Visions: 606 (high-definition) and 6 (standard-definition)Here are channel listings throughout the rest of New York.AdvertisementThis is placeholder textAlbany (WNYA)Binghamton (WBPN)Burlington-Plattsburgh (WPTZ-D3)Elmira (WJKP)New York City (WLNY)Utica (WPNY)Watertown (WWTI-D2)For listings outside of New York state, click here.How good was John Gillon this past week? He lit it up with 43 points at N.C. State on Wednesday. The performance earned him ACC Player of the Week honors.What did Boeheim and Clemson head coach Brad Brownell say before the game? The two spoke on the ACC coaches teleconference on Monday afternoon. Check out what they said.What’s the importance of grad transfers this year? Two of SU’s most important players came via the grad transfer rule. But not everyone in college basketball likes it.What do our beat writers predict will happen? All three had varied opinions on the upcoming matchup. Check out their predictions, here.Anything else to know about Clemson? Here’s a preview of the Tigers. Comments Facebook Twitter Google+last_img read more

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