Home Blog Page 428

Nadezhda Grishaeva Speaks out About her Job as a Basketball Agent.

0

Nadezhda Grishaeva is a famous Russian basketball player. In the course of her career, she played for the Russian national team, as well as such clubs as Dynamo Moscow, Turkish Besiktas, and French Arras. As a member of the national team, Nadezhda participated in the 2012 Olympic Games in London. She also founded Anvil Fitness Club Moscow and started working as a basketball agent.

Nadezhda, we know a great deal about your sports career, the fact that you launched the most fascinating and impressive fitness club in Moscow – Anvil Club, but you rarely talk about your work as a basketball agent. Can you please tell us how you got into this field?

For the duration of my professional sports career, I was represented by the famous American basketball agent Boris Lelchitski.

Boris took care of any and all organizational issues that I had as a professional athlete: contracts, transfers, insurance, promotion, and medicine. After I retired, we decided to continue our mutually beneficial collaboration. Boris lives in the USA and he is familiar with the WBNA basketball market. He works with promising young players around the world, helping them gain admission to top American colleges in the US to improve their basketball skills and have a shot at the WBNA. For my part, I am focused on young basketball talents in Russia, Europe and the countries of the Middle East.

– What is it that you do exactly?

I provide a full range of services to professional athletes, doing it honestly, ethically, and by building long-term relationships. We focus on advancing the careers of our athletes on a global scale, both on and off the court. Our company provides clients with the necessary tools to support all their career ambitions. You could say we are a small company that believes in hard work and communication with an unconditional commitment to the success of our clients.

Is your business challenging?

– Challenging and extremely time-consuming. Also, you need to be able to work with completely different people. For the most part, our clients are underage athletes, which means we have to work with their parents. Parents of a gifted and promising basketball player is a topic for a separate and lengthy conversation. They have so many anxieties, fears, high expectations, as well as their share of resentment towards coaches and towards the federation. With some parents, it is easy to build rapport, they trust their agent, realizing that in many ways for the talent to develop and achieve success he or she has to have a well-structured career, with a clear understanding of goals and objectives. Then, there are parents for whom a child is like a commodity, they literally tell us: pay us this much, and we will sign all the necessary papers. Personal gain is their priority. There are also parents that make you wonder why they even need a coach, a team, an agent, or a doctor? They know everything and they understand the legal aspects much better than a coach with his professional knowledge and experience. I have just described a typical know-it-all parent. Of course, these are the extremes, and in most cases, we manage to find solutions.

For how many years have you and Boris Lelchitski been involved in agency work?

– We have been collaborating for more than 6 years. We started working together in this particular field immediately after my professional career ended in 2016. In that time I also managed to find time to graduate from the Department of Economics of Moscow State University. My English skills are at the level of a native speaker, but I had to improve my Spanish. I specifically pay a lot of attention to the issues of education and improving my own qualifications. But more often than not you would hear an average person saying that sports agents are just businessmen eager to “make a quick buck” by foisting a player on the club to receive a commission. Of course, there are such people as pseudo-agents, you can find the likes of them in every field.

– Can we really compare the basketball life in Russia with basketball life in Europe and the USA?

There is no use trying to draw parallels with the USA, because… it’s just a whole new universe. We could have compared the basketball life in Russia with that in Europe, and not too long ago I would have said that the level was pretty much the same, but in the last two years there has been a significant change In Russian basketball and unfortunately not for the better. This happened largely due to the exclusion of Russian clubs and athletes from participating in international competitions, difficulties with organizing trips abroad and obtaining visas. That is why I am now focusing my efforts on the basketball markets in Europe and the Middle East. These markets have their own cultural characteristics and national traditions, which makes my work extremely complicated. Although you would think that the rules of basketball are the same, and the laws of the market economy are the same everywhere. I’m faced with the fact that in our age of freedom of speech, everyone says and writes whatever they want, and then it’s up to you to figure out what is true and what is false. For example, the yellow press writes a lot about me, but in 99% of cases these are fabrications and conjectures of journalists, not confirmed by either facts or documents. What is the point and why would anybody do this? However, this has nothing to do with the topic of our interview.

– What can you say about the current level of training of young Russian basketball players?

– The athlete training system always needs and must continuously be improved, however there always were, are and will be young talents in Russia. It’s another matter that now, as I have already noted, I am mostly focused on Europe and the Middle East.

– How willing are clubs to turn their attention to basketball players from the Middle East?

– The clubs look at them just like they would look at any other basketball player. The top traits that are valued in a modern basketball player is intelligence and willingness to play smart basketball. American college graduates are certainly more athletic, they literally are stronger physically. But what sets my players apart is their ability to see the court and make a sharp pass. To play in the USA, in particular in the WNBA, you need to get used to the league’s spoken and unspoken rules. It’s better to move there when you are young. You’ll have more time to adapt, and you’ll be able to absorb everything faster.

Unlike Russia with its fundamental basic sports education, a system of children’s and youth sports schools, schools of the Olympic reserve, and a system of training athletes and improving athletic performance built over decades, there is nothing like that in the Middle East. There is no comprehensive government system in place for the training of basketball sports reserves. It all comes down to the initiative of local private clubs and academies. But there are a lot of people who get involved and who are passionate about basketball. These are mostly expats.

– Do you now feel like maybe you ended your professional career too soon?

– This feeling of something being left unsaid in my basketball life was, is and will always be with me, but I don’t want to go back. I am now completely focused on my job as an agent and my business projects. As a person who easily gets carried away and tries to bring everything to perfection, I am 100% immersed in my current activities, and as for my professional career, who knows, maybe one day I’ll write a book about it. I have already come up with a working title: “The Grishaev Dynasty.”

Tech Collaboration for a Safer Future: Andriy Dovbenko’s Initiative in UK-Ukraine Defense and Agriculture Innovation

0

This UK-based Ukrainian investor and former lawyer hopes to strengthen technological cooperation between the UK and Ukraine in defence and agriculture.

UK-Ukraine TechExchange to give companies tailored pro bono services to help unlock commercial potential.

Andriy Dovbenko, a UK-based private equity investor with Ukrainian roots, is on the lookout for startups focused on agriculture and defence solutions which “will save lives”. The eligible startups will be invited to take part in UK-Ukraine TechExchange, a support programme initiated by Andriy with the view of giving companies unique opportunities for investor and media profiling as well as in-field testing of their technology.

Andriy Dovbenko is a Ukrainian-born UK-based early-stage investor focused on defence and agriculture solutions to accelerate the commercial potential of startups in those sectors. He hopes to help Ukrainian startups achieve global impact, initially through access to the UK market while also discovering UK tech startups offering solutions that may benefit Ukraine.

Following a degree in jurisprudence from the National University of Kyiv-Mohyla Academy, Andriy started his career as a lawyer at the Big Four, eventually growing to become a managing partner at an international law firm, He has also led technology investments in verticals such as fintech and agriculture. The combination of his technology investments and previous experience in the agricultural sector has enabled Andriy to develop a particular understanding of how digital tools can be used to transform this industry.

In 2018, Andriy Dovbenko turned his focus to investments, by launching EVRIS Invest and EVRIS Asset Management Company. He began investing in Ukrainian and international projects, focusing on IT and agriculture.

He has also led technology investments in verticals such as fintech. The combination of his technology investments and previous experience in the agricultural sector has enabled Andriy to develop a particular understanding of how digital tools can be used to transform this industry.

Andriy co-founded the charitable online platform Charitum, an innovative form of social journalism dedicated to philanthropy. He also actively supports various charitable initiatives at Kyiv Mohyla Academy and the Ukrainian Catholic University. With the start of the Russian war against Ukraine, Andriy has been actively supporting Ukrainian military battalions by providing military and humanitarian aid.

Fueling Efficiency: The Game-Changing Power of Engine Oil Unleashed – Maximizing Gas Mileage to Transform Your Drive

0

Every day, you hop into your favourite chariot, turn the key, and the engine roars to life. With that tiny spark of electricity and a series of perfectly timed movements, your car goes from being a lump of metal to a powerful beast ready to eat up miles of road. But have you ever thought about the unsung hero who made it all possible? Yes, I’m talking about the oil in your engine.

Engine oil is what keeps your car alive

You’re probably thinking, “Really? Oil? Isn’t that what I have to change every few thousand miles or so?” But let me tell you something: that simple bottle of 5w30 engine oil does a lot more than just keep your engine parts from getting too dry.

Imagine running a marathon without taking a single sip of water. Doesn’t make sense, right? That’s how your car would run if it didn’t have engine oil. It lubricates the engine parts so they don’t rub against each other and wear out. This keeps the engine running smoothly and, most importantly, saves gas.

Let me tell you a short story about one of my friends. He’s a tough guy who once got close to dying from rabies. He got hurt when a stray dog bit him while he was hiking. He will never forget how scared he was, how painful it was, and how many shots he had to get after that. He learned that preventing problems is always better than fixing them. And, just like getting the shots you need to prevent rabies, making sure you change your engine oil regularly can keep you from having to deal with expensive and time-consuming major engine repairs in the future.

5w30 Engine Oil can help you save money on gas

Now, let’s talk about gas mileage. It may seem like a long way from engine oil, but it’s not as far as you might think. Just like you wouldn’t wear flip-flops to a marathon, the right type of oil can make a huge difference in how well your car runs. So, 5w30 engine oil is what you need.

A little while ago, I didn’t know much about cars. One day, I saw that my gas prices were going up. I didn’t get it; I was doing everything right. Service on time, check your tires, and drive carefully. What was the problem?

A friend told me I should switch to a 5w30 oil. He said, “Think of your car as a contestant on a talent show called ‘Xcel.'” If you use the wrong kind of oil, it’s like trying to sing when your talent is dancing—you won’t do your best. But once you find your groove, or the right oil in this case, your car can shine.”

What do you know? He was correct. After I switched, my car started getting really good gas mileage. That’s why it’s great to use a good oil like 5w30. It is just the right thickness to cut down on friction and heat in the engine, which saves fuel in the long run.

How Regular Oil Changes Make Things Better

Consistent oil changes can have a big effect on your car’s health and gas mileage, just like a magnifying glass can help you see small details better. Imagine this: A magnifier can help you read small text, but it won’t work if the lens is dirty or broken. The same goes for engine oil. It might seem like a small thing, but if you don’t change your engine oil regularly, it stops working as well. This causes more friction, more wear and tear, and less fuel efficiency.

This is a friendly reminder that you should check your car’s engine oil often and change it according to the manufacturer’s instructions. By doing this, you’ll not only improve your car’s gas mileage, but you’ll also make sure it lasts long and works well. Who would not want that?

Don’t forget that your car’s oil isn’t just a must-have; it’s the blood that keeps your car running at its best. And using the right type, like the highly recommended 5w30 engine oil, and keeping it in good shape will make sure that every gallon of fuel is used as efficiently as possible. So the next time you start your car, take a moment to appreciate the simple oil. It does a lot more than you might think. And who knows, maybe it’s time to try something different!

Getting into the habit of doing regular maintenance

What should you do now that you understand the link between engine oil and gas mileage? It’s easy: make it a habit to change the oil and do other maintenance on your car regularly. It’s the secret handshake of smart car owners everywhere, the surefire way to keep your wheels running smoothly and efficiently for years to come.

Consider it this way. When you change your car’s oil, you’re telling it, “Hey, I care about you. I want you to do your best, and I’m going to do everything I can to make that happen.” The truth is that your car will do the same for you. It will thank you for being reliable, getting great gas mileage, and keeping you from having to pay for repairs you didn’t expect.

Think about the time when a friend of mine got rabies. His illness was hard to treat, took a long time, and cost a lot of money. He wouldn’t want it to happen to anyone. Don’t wait until you’re in a tough spot before taking care of your car. If you take care of your car yourself, the benefits will be more than worth it.

How Important It Is to Know

Car maintenance, like a lot of other things in life, can be hard to understand. It’s like trying to read small print without a magnifying glass; you have to squint and work hard. But if you have the right tools, like good 5w30 engine oil, you can make everything clear.

Do you remember when I was on ‘Xcel’? It showed me how important it is to use the right tools to shine. In this case, your power comes from what you know. Find out what kind of oil your car needs. Learn why regular maintenance is important. Realize that taking care of your car isn’t just about keeping it running; it’s also about getting the most out of your investment.

In a nutshell, your engine oil is a small but important part of the health and performance of your car as a whole. It’s what makes the difference between a car that just works and one that shines. It’s the secret ingredient that can help your car get great gas mileage and perform at its best.

So don’t overlook it. Embrace it. Make it a regular part of your life. And enjoy the improvements it makes to the way you drive. Happy motoring!

Analyzing Cases Involving Injuries Resulting from Plaintiff Lawyers’ Actions

0

In the moment, an accident can influence your health and your work. A severe personal injury can leave you without the income and the resources that you require to recover. As you get better, you may think about how you can revamp your life.

If someone else’s irresponsible, reckless, or deliberate acts caused your injuries get in touch with an experienced Queens’s personal injury lawyer from us and our Legal Team can assist you in seeking the equitable compensation you require to get back on your feet.

Our personal injury lawyers are here to reduce your burden and assist with your personal injury claim in Queens. We are conscious of how to spring up to insurance companies. We will always fight to optimize your compensation.

Do you have any clue as to how Queen’s personal injury lawyer helps with your case?

A skilled attorney is an important part of your personal injury claim. From investigation to litigation, an injury attorney can:

  • examine your accident and assist you to perceive who was at fault
  • Take the pressure off you by developing your claim and managing everything it requires
  • Work to optimize your compensation
  • Answer your queries and offer personalized service
  • Negotiate vigorously with those responsible for the compensation you be good enough
  • Promote in court for your recovery and your compensation

Do you know what to do next after an accident?

In the hard times after a severe accident, take these steps to help safeguard your rights:

  • If you have gone through an injury, avail emergency services on the scene
  • Document the accident scene with pictures. In a matter of minutes, an accident scene can change promptly
  • Get the contact details for anyone who saw what took place
  • Keep a review of how you feel
  • Have a word with a Queens personal injury attorney

Do you think one can get compensation for a personal injury?

In Queens, this kind of compensation may be accessible to you in a personal injury case after an accident:

  • Any medical charges connected to your injuries
  • The wages and employment opportunities you misplace because of your injuries
  • Any loss of association caused by the accident
  • Property losses you suffer
  • The pain and suffering that you went through because of your injuries

What do you have to show in a personal injury claim?

In Queens and elsewhere in New York you must show these four elements for a successful personal injury claim:

  • Someone charged you a duty of care
  • That person or organization failed in the duty to keep you secure
  • The person’s or organization’s failures are connected to the injury
  • You suffered penance

As part of your personal injury case, your attorney must pull together a huge range of documents and other proofs. Gathering proof takes time and energy, and it is essential to get the procedure started as early as possible. If you have been injured, get your case started today by getting in touch with us.

SOB Clinic Türkiye serves as a center of excellence for British citizens seeking dental treatments abroad

0

Catering to a global clientele, SOB Clinic Türkiye warns the British citizens who will choose the country for dental treatment. The clinic located in Istanbul underlines that the patients must ensure that the clinic they select employs a skilled team and uses globally recognized materials.

London— As Türkiye continues to thrive as a hub for health tourism, SOB Clinic Türkiye located in Istanbul acclaimed local advocates for best practice is extending its world-class dental services to British citizens seeking expert care. The clinic’s impeccable track record for successful operations has solidified its reputation as the go-to destination for dental implants, prosthesis, and zirconium coatings. The clinic’s representative warns the British planning to choose Turkey for dental treatment.

Warning for dental treatment in Türkiye

SOB Clinic Türkiye highlights the importance of informed decision-making when it comes to dental implants. “Choosing the right clinic is vital,” asserts the spokesperson of SOB Clinic Türkiye. “British patients must ensure the clinic they select employs a skilled and expert team and uses globally recognized materials like FDA-approved (American Food and Drug Administration) brands such as Straumann, Nobel BioCare, and Zimmer Biomet for implants, and German-made zirconium for crowns.”

The criteria of SOB Clinic Türkiye’s expert staff regarding the materials used are as follows: “Attention should be paid to the brand of the implant or zircon material to be applied during the treatment process. Worldwide accepted and FDA-approved implant brands should be preferred. The clinics that use the accredited brands should be preferred.”

1.8 million health tourists will choose Türkiye in 2023

Türkiye’s commitment to exceptional medical care is mirrored in the words of an official from the clinic: “Our goal is to ensure every patient returns home satisfied with their experience. We remain dedicated to supporting our patients through the recovery process, addressing any concerns post-operation.”

The allure of Türkiye’s medical expertise is not just limited to dental procedures. According to the Association of Turkish Travel Agencies (TÜRSAB), health tourism is witnessing a significant upsurge. Türkiye expects over 1.8 million health tourists in 2023, marking a 30% increase from the previous year. Specialties like gynecology, orthopedics, and cosmetic surgeries are also drawing international attention.

The statistics are promising, with a 37.5% increase in health tourists in the first quarter of 2023 alone. These numbers underscore Türkiye’s pivotal role on the global stage of health tourism.

Attention to detail and a focus on aesthetics

SOB Clinic Türkiye is not only committed to clinical excellence but also to the aesthetic aspects of dental care. “A high-quality zirconium crown mimics the natural tooth, meeting the aesthetic expectations of our patients,” the clinic’s spokesperson explains. This attention to detail and the pursuit of natural, aesthetically pleasing results is what sets SOB Clinic Türkiye apart.

The clinic’s dedication to comprehensive care, from pre-operative consultation to post-operative recovery, has earned it the loyalty of British health tourists and is emblematic of Türkiye’s broader appeal in the medical tourism sector. As Türkiye continues to make strides in healthcare services, it beckons as a destination of choice for those seeking quality, affordability, and expertise.

For more information about SOB Clinic Türkiye and the services they offer, please visit https://sobclinicturkey.com/en.

Contact: Ata Çiçekçi – +90 533 067 38 79

About SOB Clinic Türkiye

SOB Clinic Türkiye is a leading dental care provider located in Istanbul, renowned for its adherence to best practice, advanced treatment options and exceptional patient care. Catering to a global clientele, the clinic specializes in dental implants, zirconium coatings, and comprehensive post-operative support.

Kraken Expands Many Licence Registrations in Spain and Ireland

0

Kraken, a cryptocurrency exchange, has received regulatory approvals in Spain and Ireland, allowing it to expand its services in both countries. Kraken has been granted an Electronic Money Institution (EMI) licence from the Central Bank of Ireland and a Virtual Asset Service Provider (VASP) registration in Spain.

According to the September 26 2023 announcement, the expansion in Ireland and Spain was driven by regulatory authorisations from both countries. The company revealed that its subsidiary in Ireland has been granted an EMI licence that enables Kraken to extend its fiat services in partnership with European banks to clients across the 27 European Union (EU) member states and European Economic Area (EEA) countries. Meanwhile, the VASP registration in Spain permits Kraken to offer cryptocurrency exchange and custodial wallet services to Spanish residents. It is marking a significant milestone in Kraken’s European expansion strategy.

Overview

The latest move by Kraken allows it to broaden its range of services related to the Euro (EUR) in collaboration with European financial institutions. The EMI licence empowers the company to expand its offering to clients in the 27 member states of the EU and EEA countries. This move will enhance Kraken’s ability to facilitate crypto transactions involving the EUR, providing a secure and regulated platform for its European customer base. In addition, the VASP registration further solidifies Kraken’s presence in the Spanish crypto market, allowing local users to access an extensive range of digital asset services confidently. UK-based users are turning to regulated platforms to purchase bitcoin with greater confidence.

Kraken is also registered as a VASP in Italy and Ireland. The company’s achievement in obtaining VASP registration in Italy and Ireland underscores its commitment to regulatory compliance and expanding its services in key European markets. These registrations provide a strong foundation for Kraken to serve the growing demand for crypto services in Europe. Currently, the platform supports over 200 trading pairs across six fiat currencies, including the British pound, US dollar, Swiss franc, Australian dollar and EUR.

Kraken’s Expansion Strategy in Europe

Curtis Ting, Vice President of Global Operations at Kraken, emphasised the company’s dedication to expanding in Europe. He stated that their recent announcement signifies a significant step in their European expansion plan. Ting pointed out the strong foundation for cryptocurrency in Europe, supported by forward-thinking regulations that provide confidence for their growth. He also expressed excitement about becoming a part of the vibrant local financial sectors in Ireland and Spain, along with their commitment to further investments in Europe. Kraken’s strategic focus on Europe aligns with the region’s growing regulatory clarity and its status as a prominent hub for crypto innovation and adoption. Kraken’s recent expansion efforts in Europe include the introduction of support for PayPal deposits for users in the United Kingdom and several other European countries (excluding Croatia and Hungary), aimed at improving user convenience and accessibility to crypto services in the region.

Background

European regulators have proactively provided clear guidelines for crypto-related business and digital payments, fostering a conducive environment for industry growth. The crypto exchange faces competition in Europe from other major players, such as Coinbase, which is also actively pursuing market penetration in the region. On September 25 2023, Coinbase received VASP registration from the Bank of Spain, allowing it to offer custodial wallet and exchange services.

A Business Development Executive at Coinbase, Nana Murugesan, stressed that the move would allow Coinbase to offer a full suite of services, citing the company’s VASP registration in Italy, Ireland and the Netherlands, plus the launches in Canada and Singapore. Murugesan said, “Most of the world is stepping up to the plate and providing clarity and guidance for the crypto industry”. On April 18, 2023, Kraken revealed that Ireland’s Central Bank registered its Irish subsidiary, Payward Europe Solutions Limited, as a VASP. Four months later, MoonPay announced its VASP registration in Ireland.

According to a report at Bitcoin Decode Kraken was sued by the Australian Securities and Investments Commission (ASIC) over allegations that its Australian subsidiary, Bit Trade, failed to make mark determinations before offering margin trading services on September 21 2023. Managing Director of Kraken’s Australian Operations, Jonathon Miller, emphasised that ASIC’s move was a surprise, “as he believed Bit Trade was abiding by local regulation.”. A statement from ASIC alleged that Kraken failed to comply with design and distribution obligations for its trading products.

It also mentioned that Bit Trade could not determine a target before offering trading products to Australian users. On March 30 2023, Kraken filed for a pre-registration undertaking with the Ontario Securities Commission in Canada, seeking restricted dealer status and complying with new rules requiring VASP to register with securities administrators or face expulsion.

Exchanges OKX and Binance left Canada following the new rules. Outside of its European expansion, Kraken launched over 250 unique NFT collections in the marketplace in June 2023. In October 2022, the exchange launched a private beta version of the market.

Crypto Expansion in the Middle East as Kuwait Finance House and Ripple Boost in Partnership

0

Kuwait Finance House (KFH) is leading the way in innovation in a world where digital banking is the way of the future, creating waves with its strategic partnership with Ripple. Come along as we explore the fascinating path of KFH’s digital transformation, driven by Executive Manager of Digital Transformation Tareq Al-Ajeel, a visionary leader. KFH’s online application has revolutionised creativity and efficiency while reaching incredible milestones, such as a 40% increase in online banking transactions. But what does this partnership mean for Kuwait and the crypto industry?

Is Crypto Regulated in Kuwait?

The Central Bank of Kuwait (CBK) has established strict regulations that prohibit the trade of cryptocurrencies in the banking sector, restrict their use in electronic payment systems, and prohibit the provision of crypto transaction mediation services. Furthermore, Kuwait’s Ministry of Finance does not explicitly recognise cryptocurrencies for usage in business transactions. The government of Kuwait has declared a total prohibition on nearly all cryptocurrency activities, adding to the legal landscape and causing anxiety among investors, companies, and enthusiasts.

Kuwait’s regulatory strategy is part of a global conversation about how nations handle the quickly evolving bitcoin market. Concerns over both the short- and long-term repercussions have been highlighted by the recent comprehensive ban on crypto operations, which has shocked the local cryptocurrency community. Since the prohibition covers a broad range of cryptocurrency-related activities, it impacts companies involved in the cryptocurrency industry and individual fans and investors.

Involved parties need to understand the motivations underlying this strict regulatory approach. The effect of the prohibition on Kuwait’s cryptocurrency market and the wider ramifications for the cryptocurrency landscape worldwide continue to be closely watched and studied as the industry develops and adjusts to new laws by following reputable Web3 sources like the Bitcoin Method.

KFH’s Digital Banking Success

KFH’s dedication to digital transformation has paid off handsomely, as the bank has made significant strides in this important undertaking. Over 135 million digital banking transactions were made possible by KFHonline, the bank’s digital banking platform, using its website and mobile interfaces in the first half of 2023. This outstanding number highlights the bank’s enthusiasm for embracing the digital age and shows a 40% gain over the prior year.

KFH’s innovative and efficient digital banking technology has received accolades. The organisation has aggressively worked with Fintech businesses to create innovative goods and services. Additionally, KFH has made large investments in creating an adaptable, smart system architecture and cutting-edge initiatives that put the needs of its customers and a flawless banking experience first.

The COVID-19 epidemic greatly accelerated the global digital transition, and KFH responded by continuing to make significant expenditures in digitalisation. Because of the bank’s dedication to innovation, clients could conduct transactions from anywhere at any time, confirming its status as a leader in digital banking.

Many know KFH’s commitment to digitalisation and its capacity to offer cutting-edge banking products. Its leadership in the digital banking space was recognised when it was crowned Kuwait’s Best Domestic Bank. Working together to provide digital banking workshops in Bahrain, for example, is one way that KFH is demonstrating its dedication to being at the forefront of technological progress in the financial sector.

Kuwait and Ripple’s Partnership

To provide state-of-the-art services, advance instantaneous cross-border payments, and promote digital banking innovation, KFH has teamed with Ripple. The epidemic spurred a 40% increase in transactions through KFH’s web application.

The goal of KFH and Ripple’s strategic alliance is to use Ripple’s technology to provide an instant cross-border payment service. Since XRP can transform the global payments business, KFH acknowledges that Ripple’s technology is a game-changer in the financial sector.

In the banking sector, Ripple’s distributed ledger technology (DLT) lowers costs, operational risks, and settlement times while facilitating real-time settlements and streamlining asset transfers. The collaboration between KFH and Ripple demonstrates their shared dedication to offering clients cutting-edge financial solutions.

Why is the Crypto Partnership Significant

With broad ramifications for the future of cryptocurrencies in Kuwait, Ripple’s strategic alliance with KFH marks an important turning point. This partnership demonstrates the potential for creative fintech solutions to close the gap between traditional banking and the digital asset industry in a regulatory climate where cryptocurrencies face strong limitations and a recent comprehensive prohibition. KFH hopes to lead the way in establishing an instantaneous cross-border payment service that has the potential to revolutionise local and global financial transactions by utilising Ripple’s state-of-the-art technology.

This collaboration not only shows KFH’s dedication to leading the way in digital transformation, but it also points to a larger trend in which traditional financial institutions are utilising fintech and blockchain to improve their services. Because of Ripple’s involvement, digital assets may become more widely accepted in Kuwait, signalling the beginning of a new period in which cryptocurrencies are more widely used in the country’s financial system despite ongoing regulatory obstacles.

The collaboration between KFH and Ripple marks a turning point in Kuwait’s and the Middle East’s financial history. With its strategic partnership with Ripple and dedication to digital transformation, KFH is trying to bridge the gap between traditional banking and the ever-growing cryptocurrency industry. Although there have been difficulties due to Kuwait’s strict regulations, this partnership suggests that innovation and change may occur, potentially leading to more acceptance of digital assets and seamless cross-border payments. Leading the way in this revolutionary journey, KFH promises a future in which cryptocurrencies, despite legislative obstacles, play a more important role in Kuwait’s financial system. This provides an example for traditional financial institutions to adapt to and survive in the rapidly expanding digital era.

Is Brussels Asking too Much of its Farmers as Debate Rages Over the Future of the Agri-Food Sector?

0

Wopke Hoekstra, the EU’s new climate commissioner, hasn’t given Europe a passing grade when it comes to its sustainability efforts. In late October, he emphasized the need to accelerate emission reductions to hit the EU’s ambitious 2030 targets.

Hoekstra already has a particular sector in his crosshairs, noting that progress on cutting emissions in agriculture—a sector currently responsible for 11% of the EU’s total emissions— needs to be significantly ratcheted up. The question of how to reconcile the agricultural sector’s needs with climate goals remains a highly contentious one, as exemplified by the furious debate over the divisive Nature Restoration Law. The legislation, finally passed by the European Parliament in a knife-edge vote, sets binding targets across various ecosystems to mitigate human-induced environmental damage. Pushback came from political groups like the EPP, who argued that the law would threaten farmers’ and fishers’ livelihoods, disrupting long-established supply chains by reducing the amount of arable land available to farmers.

It’s clear that for European agriculture to fall into line regarding emissions, farming will need to change dramatically—yet there are concerns that the agricultural sector is not facing sufficient support to help it weather this coming storm.

Agri-food is one of the most important policy areas for Europeans across the continent. Brussels has a vested interest in getting its policies right for all European farmers and citizens— unfortunately thus far its scorecard isn’t a roaring success.

Getting policy right for the agri-food sector

The precedent of placing what some would say is insurmountable pressure on farmers can be traced back further than the Nature Restoration Law. Indeed, the long-running debate over nutritional labelling has left food producers across Europe concerned that their livelihoods might be at stake if politicians in Brussels misstep.

The EU has yet to agree on a unified front-of-pack label, partly due to the shortcomings of the Nutri-Score system, once considered the frontrunner for a bloc-wide label. Initially touted as a tool to promote healthy eating, Nutri-Score has faced criticism for penalizing traditional foods like olive oil and cheese, which could disadvantage farmers in favour of corporations capable of reformulating products for better scores.

Nutri-Score’s backers, in response to the widespread critique of its algorithm, have modified several times the way Nutri-Score scores foodstuffs—sparking even more confusion among consumers who can make little sense of the ever-shifting labels while leaving farmers in limbo about how their products will be classified. Given the extremely thin margins on which many agri-food producers operate, this uncertainty can have devastating effects.

The debate over the imposition of a bloc-wide label like Nutri-Score is just one solid example of the Commission struggling to come up with agri-food policies that don’t inadvertently hurt farmers or consumers.  One doesn’t need to look far for further examples—the Farm to Fork strategy is littered with proposals which could seriously complicate an already-fraught picture for European agriculture.

As climate change escalates, farmers are already feeling the pressure as yields drop—however, they have fewer options to help them, particularly given Brussels’s push to restrict the pesticides and herbicides which made the agricultural revolution possible. It’s unsurprising, therefore, that the number of farms in the EU has shrunk by more than a third since 2005—even less so when coupled with the fact that while the average farm has gotten bigger, farm income has remained consistently low, at about €20,000 a person.

European sustainability policies—already on the books or in the works—threaten to exacerbate the crunch for farmers. For example, the plan to cut pesticide application by 50% by 2030 could have a serious impact on crop yields, with one estimate suggesting that European wheat yields alone could fall by 15%, turning the bloc into a net grain importer. Farmers are already feeling the impact of the EU’s directive to tackle nitrogen pollution, which requires farmers to use GPS to record muck spreading and not farm with 5 meters of water. As one Belgian farmer explained, complying with the directive costs his farm between €10,000-€15,000 annually; given that in waterlogged Flanders, the average land price is €63,000 per hectare, the nitrates directive has imposed on many farmers a cost that is almost impossible to earn back.

These environmental initiatives, while well-intentioned, are a hard sell to the agri-food industry, as they seem to increase costs without offering ways to boost income. “Farmers are asking”, Belgian MEP Tom Vandenkendelaere underlined, “Why does Brussels hate us?”

The future of farming

The problem, Vandenkendelaere explained, is that farmers feel that they are facing a deluge of policies that could curb their yields and their competitiveness. “It is the number of policies hitting them at the same time”, Vandenkendelaere stressed. “We need to slow down.”

Carefully picking and choosing which policies to pursue would be a good first step in rebuilding trust with Europe’s agricultural sector. Dropping those like the imposition of a bloc-wide nutritional label similar to Nutri-score, which could have significant deleterious impacts on the agri-food industry with little benefit to the European population as a whole, might free up some bandwidth to proceed with vital environmental policies.

But this alone will not be enough. Even those environmental policies which are essential to slow the relentless march of climate change will come at a biting cost for European farmers—a cost which in many cases they will be unable to afford. As farmer and MEP from Slovenia Franc Bogovič recently emphasized, “… People will be in big trouble if they must cut their vineyards… their meat production which was financed by loans five years ago. You need 20 years to get your money back.”

To support Europe’s farmers through the EU’s green transition, a comprehensive strategy is needed that marries environmental objectives with economic sustainability. Investment in sustainable farming technology research, financial incentives for eco-friendly practices, and a support network for knowledge exchange are crucial. These measures could help farmers adapt to sustainable agriculture demands while maintaining economic viability.

While the EU’s climate goals are commendable, they must not overlook the serious headwinds Europe’s agricultural sector is already facing. A nuanced approach that supports farmers through subsidies, technology, and community networks will be essential to achieve a balanced and fair transition to a greener agricultural future.

How Artificial Intelligence is Transforming the Human Resource Industry

0

Artificial intelligence (AI) is the ability of machines to perform tasks that normally require human intelligence, such as learning, reasoning, and decision-making. 

AI is transforming the human resource (HR) industry by automating and optimizing various processes. These include recruitment, training, performance management, and employee engagement. 

From resume screening and candidate matching during recruitment to personalized onboarding checklists and training programs, AI is enhancing HR processes.

In this article, we’ll explore the advent of AI in human resources. We’ll also take a look at how it’s reshaping the HR industry, as well as its impact on the future of work.

4 Ways AI Is Transforming the HR Industry

AI in human resources has evolved to become a powerful force that’s driving companies to become more efficient, insightful, and employee-centric. Here’s how.

1. AI in Hiring and Recruiting

AI is transforming hiring and recruitment processes by automating repetitive tasks, reducing bias, and improving the quality of hires. 

AI-powered resume screening and candidate matching tools can analyze resumes, cover letters, and job descriptions to identify the best-fit candidates. As many as 63% of HR officers note that AI has positively transformed recruiting.

Image via LinkedIn

Rather than relying on simple keyword searches, advanced AI algorithms conduct semantic searches to match candidates’ skills and experiences with job requirements. This helps recruiters save time and resources while ensuring they don’t miss out on qualified candidates due to human error or bias. 

By streamlining communication throughout the recruiting funnel, whether via chatbots or bulk email service providers, AI delivers a smoother experience for both recruiters and candidates.

2. AI in HR Help Desk Software

One of the ways AI in human resources is transforming the industry is by enhancing the capabilities of HR help desk software.

Rather than HR professionals manually handling every employee question or request, AI-enabled help desk systems allow for:

  • Automation: AI-driven HR help desk software can automate routine and time-consuming tasks such as handling common HR inquiries, leave requests, and benefits management. This frees up HR professionals to focus on more strategic initiatives while ensuring that employees receive quick and accurate responses.
  • Self-service options: AI empowers HR help desk software to offer self-service options, enabling employees to find answers to their questions and resolve issues independently. This empowers employees, improves their experience, and reduces the burden on HR teams.
  • Issue tracking and analytics: AI-driven HR help desk solutions can track and analyze common employee issues. This provides valuable insights for HR professionals to proactively address recurring concerns, improve processes, and enhance the overall HR experience.

3. AI in Employee Training and Development

Artificial intelligence is bringing new possibilities to employee training and development in human resources.

AI algorithms can create personalized training recommendations optimized for each individual by parsing through:

  • Employee profiles
  • Skills assessments
  • Performance reviews 

For delivering training content, AI is powering highly engaging formats like interactive chatbots, virtual reality simulations, and dynamic motion graphics. These avenues help employees better understand complex concepts and retain information. 

AI can also track employee engagement levels and knowledge retention in real-time during training programs, adjusting course content and activities accordingly. Thanks to customized or personalized learning paths, AI ensures employees receive the training they need the most.

As HR professionals leverage AI to handle the more administrative aspects of training, they can focus on mentorship, coaching, and guiding career development. 

This way, they can foster a culture of continuous learning and improvement at the workplace. HR professionals could even leverage online resources to create and sell online courses

4. AI in Performance Management

AI in human resources is radically improving performance management, offering a dynamic approach that transforms the way organizations evaluate and motivate their employees. No wonder 43% of HR professionals plan to increase its use. 

Image via Eightfold

AI tools can help HR professionals and managers provide continuous feedback and evaluation to their employees, based on data collected from various sources. These include surveys, assessments, and performance indicators. 

AI can also use predictive analytics to identify employee retention risks and suggest interventions to improve engagement and satisfaction. Moreover, AI can enable real-time goal tracking and alignment. This ensures that employees are working on the right tasks and projects that contribute to the organizational objectives. 

By using AI in performance management, HR professionals can gain data-driven insights and identify employee trends that can help them optimize their talent development strategies.

Evolve with AI in Human Resources 

AI is rapidly transforming the HR industry by optimizing recruitment, automating tasks, enhancing training, and refining performance management. 

Its future in HR holds promise, with continued advancements and further personalization of HR services, and the exploration of untapped potential in data analytics.

With the right balance of human expertise and AI capabilities, companies can leverage the strengths of both to create an employee-centric culture focused on productivity, satisfaction, and retention.

The Benefits of Robotics and Automation Systems for Fast Moving Consumer Goods Manufacturing

0

The Fast Moving Consumer Goods industry includes processed foods, beverages, cosmetics, toiletries, cleaning products, pharmaceuticals, and plenty more. Given that FMCG covers such a broad range of consumer products, it is a highly competitive industry that is worth £134 billion annually in the UK alone.

There will always be a high demand for FMCG goods among consumers. Fortunately, modern-day robotics and automation systems are here to stay and they should be embraced. Robotics and automation are transformative manufacturing solutions that can significantly raise the productivity levels of companies producing fast-moving consumer goods products.

Heightened speed and efficiency 

One of the main benefits of using integrated robotics and automation for product manufacturing is its impressive speed and effortless efficiency. The human workforce working in manufacturing plant settings will always be vulnerable to injuries, and accidents, needing extended time off work due to ill health, and getting tired from repetitive tasks. 

Robotic machinery on the other hand can work around the clock relentlessly and perform repetitive tasks at ease. To keep productivity levels and profits high in an FMCG manufacturing environment, the name of the game is minimising downtime, and robotics and automation machinery are ideal for ensuring just that. 

You will notice speed and efficiency improvements in no time after adopting robotics and automation systems.

Enhanced manufacturing safety

Fast-moving consumer goods manufacturers using complicated technical processes for heavy machinery at a high speed can come with their fair share of hazards and risks. Thankfully, automated machine technology has its bonuses, and using robots specially designed to carry out high-risk production activities can go a long way in improving safety in fast-moving consumer goods manufacturing. 

Adaptability 

When producing FMCG products en masse, you need manufacturing machinery that will be up to the task of meeting the ever-changing consumer demands and seasonal fluctuations. For instance, consumers will tend to buy more food and beverage products around the Christmas period of the year, and manufacturers need to have tools on right tools on deck that meet such spikes in demand. 

A cost-effective manufacturing solution

Since robots can work without needing breaks and require next to no maintenance and upkeep, they are undoubtedly a cost-saving solution, despite the early investment that goes into them. In addition, manufacturers will find that well-built robotic tools have a lengthy lifespan which can lead to further savings.

Intricacy and precision

Producing lots of batches of faulty products will hit your bottom line as a manufacturer.  Luckily, modern robotics are fitted with well-designed sensors, and this means they can perform intricate tasks with impressive precision. Want to ensure quality requirements are met during the production process with few bumps in the road? Robotics and automation systems could be a perfect option. 

Are you looking for efficiency, speed, and precision, as well as making cost savings in your FMCG manufacturing processes? By far the best long-term solution is to start using integrated automated technology as soon as possible. 

  • bitcoinBitcoin (BTC) $ 91,457.00 1.42%
  • ethereumEthereum (ETH) $ 3,035.09 0.44%
  • tetherTether (USDT) $ 0.999971 0%
  • xrpXRP (XRP) $ 2.22 0.42%
  • bnbBNB (BNB) $ 896.54 0.54%
  • usd-coinUSDC (USDC) $ 0.999700 0.01%
  • tronTRON (TRX) $ 0.280198 1.39%
  • staked-etherLido Staked Ether (STETH) $ 3,031.61 0.15%
  • cardanoCardano (ADA) $ 0.435849 0.15%
  • avalanche-2Avalanche (AVAX) $ 15.04 2.51%
  • the-open-networkToncoin (TON) $ 1.65 3.09%
  • solanaWrapped SOL (SOL) $ 141.97 1.51%
Enable Notifications OK No thanks