Abolition of unfair tax policies, growing international travel,
Listen to audio What do event professionals need? The Exhibition & Convention Alliance (ECA), which advocates for the U.S. business and professional events industry, has released its 2025 Hot Buttons in the form of its annual Public Policy Agenda to answer this question. The document concludes: “From tax laws that incentivize small businesses in our industry to policies that help the U.S. attract more international exhibitors and attendees, ECA strongly encourages policymakers to adopt these measures…that will strengthen our industry competitiveness and the ability to drive economic growth, support job creation, empower small businesses and help solve the most pressing social challenges of the future. priority Enhance competitiveness through growth-focused tax policy These include federal tax reform to promote growth through "competitive business tax rates," promote investment by maintaining the current tax treatment of private equity, safeguard the tax status of associations and association nonprofits, and expand 529 plans - tax-advantaged savings accounts , intended to be used for the…
China’s growing love for electric cars has oil companies spooked
More than half of new cars sold in China are electric or hybrid, with registrations tripling since 2021. Some experts predict that the country's gasoline consumption may begin to decline by 4% to 5% annually. The People's Republic of China accounts for nearly a fifth of global oil demand, but that number is likely to fall sharply. China's electric vehicle market is booming. Sales of all-electric and hybrid vehicles have tripled over the past three years and are almost eight times higher than in 2020. It's a great time to be an automaker selling electric vehicles, but not so great if you're an auto industry executive. Petroleum industry. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("0f7e3106 -c4d6-4db4-8135-c508879a76f8"); } else { adpushup.triggerAd("82503191-e1d1-435a-874f-9c78a2a54a2f"); Nearly one-fifth of world oil production currently flows to China. Much of the industry's growth since this century has come from China, as has the automotive industry and other industries. But analysts…
Essential Financial Tips for Growing a Contracting Business
Efficient financial management is critical to the growth of a contracting company. Adequate financial capital helps ensure efficient allocation of resources and smooth operations. Making sustainable financial changes to meet changing business needs and meet customer expectations is critical. This article provides some specific tips to help contracting businesses confidently manage their finances for long-term success. By prioritizing sustainable strategies, you can create a strong business that thrives in a competitive market and provides value to your customers. So why wait, let’s get started now! Also read: The role of artificial intelligence in financial services Why is financial literacy important? Contractors must be financially knowledgeable to engage in any business activity. Cash flow ensures they have enough funds to cover ongoing expenses, while profit margin shows how effectively they are handling costs versus revenue. Determining their fees allows contractors to identify savings opportunities and make necessary investments in their business. This knowledge supports daily functioning and increases overall success in…
BYD India targets plug-in hybrid vehicle market to meet growing demand
BYD India considering launching new range of cars in India, including plug-in hybrids BYD India is considering launching plug-in hybrid electric vehicles to cater to the growing demand in the Indian market. BYD India's electric passenger vehicle (EPV) business head Rajeev Chauhan hinted that the company is evaluating the possibility of launching plug-in hybrid electric vehicles in India in the next two years. The move is part of BYD's broader strategy to tap into the growing interest in hybrid vehicles. Chauhan revealed that BYD India is currently conducting a feasibility study to bring plug-in hybrid vehicles to the market. He explained that the company has been closely monitoring consumer interest in hybrid vehicles over the past 18 months. If the momentum continues, BYD may launch affordable plug-in hybrid models from its global portfolio to Indian consumers. He stressed that plug-in hybrids are their strength and they have been evaluating this option. The company wants to study it for another 6-8…
Exploring India’s growing electric vehicle market
The electric vehicle landscape in India is changing with each passing day as more consumers opt for eco-friendly modes of transportation. As the country’s carbon emissions decrease, more and more people are opting for electric vehicles. In this blog, we will look at the fast-growing electric vehicle models in India, focusing on Tata EV cars and MG EV cars. The rise of electric vehicles in India The Indian government is promoting the adoption of electric vehicles in India through a number of incentives and policies. This has led to a significant increase in interest and demand for electric vehicles. All these factors, such as lower running costs, reduced emissions, and technological advancements, ensure growth in the electric vehicle market. Leaders: Tata and MG Tata Motors and MG Motor India are the two largest electric vehicle manufacturers in India, and both companies have launched several electric vehicles, making the electric vehicle market very attractive for consumers. Tata Electric Vehicles Tata has…
TIA report shows freight industry fraud crisis growing
The Transport Intermediaries Association (TIA) has released its 2024 State of the Industry Fraud Report, revealing the growing threat of fraud in the transport and logistics industry. The report provides a comprehensive analysis of financial losses and highlights the urgent need for stronger protection measures as fraud continues to surge throughout the supply chain. See also: Maintaining a secure supply chain: Responding to a surge in fraud and cargo theft “Our industry is suffering, and authorities are not giving us enough support to deal with this crisis,” said Anne Reinke, president and CEO of TIA. “Fraud in the supply chain not only affects businesses, but also consumers and the economy as a whole. This is a multi-million dollar problem that requires immediate action.” The report, based on responses from 200 TIA members, details the most common types of fraud, regional hotspots and the products most often targeted. It also highlights the heavy financial burden that fraud places on businesses and…
TIA report shows freight industry fraud crisis growing
The Transport Intermediaries Association (TIA) has released its 2024 State of the Industry Fraud Report, revealing the growing threat of fraud in the transport and logistics industry. The report provides a comprehensive analysis of financial losses and highlights the urgent need for stronger protection measures as fraud continues to surge throughout the supply chain. See also: Maintaining a secure supply chain: Responding to a surge in fraud and cargo theft “Our industry is suffering, and authorities are not giving us enough support to deal with this crisis,” said Anne Reinke, president and CEO of TIA. “Fraud in the supply chain not only affects businesses, but also consumers and the economy as a whole. This is a multi-million dollar problem that requires immediate action.” The report, based on responses from 200 TIA members, details the most common types of fraud, regional hotspots and the products most often targeted. It also highlights the heavy financial burden that fraud places on businesses and…
Labor Day Focus: Growing Demand for Specialization
Listen to Audio How the gig economy is impacting the events industry In celebration of Labor Day, Smart Meetings caught up with Tracy Judge, founder and CEO of Soundings, to get the latest on current trends emerging in the gig economy for freelance meeting planners. Tracy Judge, CEO and Founder, Soundings Smart Meeting What is the gig trend like for freelance meeting planners? Tracy Judge There is an increasing demand for freelance meeting planners, especially those with specialized skills. There has been a clear shift in the market towards hiring for senior-level positions that require specific vertical experience and technical expertise. This includes positions such as event technology specialists, event registration specialists, meeting and event planners, event marketers, and marketing specialists. There is a clear trend towards hiring local staff for both international and destination country events, driven by concerns for sustainability, cost-effectiveness and a focus on supporting local communities and preserving culture. Additionally, the freelance market is evolving in…
TT Club urges global supply chain to respond to growing
In response to a recent series of container ship fires, TT Club, an international freight and logistics insurance provider, called on the global supply chain to increase awareness and responsibility when handling dangerous goods. Four major incidents involving container ships in the past four months, two at sea and two in ports, have highlighted the urgent need for accurate cargo classification, packaging and communication. See also: TT Club highlights ongoing efforts to prevent container losses at sea Tragic incidents include the Northern Juvenile in the South China Sea, the Maersk Frankfurt in the Indian Ocean, and more recently the MSC Cape Town III in Colombo and the YM Mobility in Ningbo. Peregrine Storrs-Fox of TT Club said investigations indicated that potentially explosive chemicals and ignition agents, such as lithium-ion batteries, may have been the cause of at least two of these incidents. These incidents highlight the importance of careful handling of cargo and communication at every stage of the supply…
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