Tausi Insider

Opinions expressed by Entrepreneur contributors are their own. Most business leaders can agree, the last few years have been anything but ordinary. From unprecedented circumstances like the global pandemic to record high inflation, the atypical has become typical in our everyday existence. The U.S. military coined acronym VUCA (volatile, uncertain, complex, and ambiguous) is more relevant today than ever before. It represents the challenges teams, business leaders and organizations face as we navigate uncertain times. These unpredictable forces require a new approach. Instead of looking to the past to rewrite our future, we would benefit from paving a new path towards resiliency — one that takes a holistic approach in today's business environments. As we confront ongoing challenges without a manual, leaders are navigating conditions our predecessors have not yet laid the groundwork for. For many entrepreneurs, resiliency has not been an imperative leadershi...

Opinions expressed by Entrepreneur contributors are their own. Businesses, especially startups, are characterized by uncertainty. From the viability of a business idea to investors' decisions, as well as how users would respond to your latest product feature, you're never exactly sure what's coming. Externally, political, technological and competitive uncertainties are causes for worry as well. Studies have shown that uncertainties are constant in entrepreneurship, and a leader's ability to tolerate and manage them will greatly support the success of their venture. However, repeated exposure to high levels of uncertainty can send entrepreneurs into an emotional rollercoaster that could affect their self-image. Early-stage and first-time founders run greater risks of being broken by the twists and turns of rapidly changing business environments. More fascinating, though, is that some — especially serial entrepreneurs — are hooked to the uncertain...

The economic update that was meant to shed light on how Canada will compete with new clean-spending measures in the United States and elsewhere has instead sowed confusion about one of the key elements of that strategy. Last spring, the federal government announced that it was exploring carbon contracts for differences (CCFDs). As presented then, the mechanism would guarantee companies making clean-technology investments of financial benefits from planned carbon-price increases, even if the price did not actually go up to $170 per tonne by 2030 as planned. Since August, when Washington committed US$370-billion to climate-related measures via the Inflation Reduction Act, Ottawa has faced increased pressure to follow through. Prime Minister Justin Trudeau has suggested that Canada’s national carbon price means it doesn’t need to match subsidies in the U.S. But Canadian industries have complained that political uncertainty around the market-based mechanism – including whether it will be...

Oil tanks at the Volodarskaya LPDS production facility, in the village of Konstantinovo, Russia, on June 8. MAXIM SHEMETOV/Reuters Russian oil output is set to fall 1.4 million barrels per day (bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, the International Energy Agency said on Tuesday. The move to deprive Moscow of revenue will create more uncertainty for oil markets and add to pressure on prices, including diesel, the Paris-based energy agency said in its monthly oil report. “The approaching EU embargoes on Russian crude and oil product imports and a ban on maritime services will add further pressure on global oil balances, and, in particular, on already exceptionally tight diesel markets,” the IEA said. “A proposed oil price cap may help alleviate tensions, yet a myriad of uncertainties and logistical challenges remain … the range of uncertainty has never been so large.” The EU will ban Russian crude imports from Dec. 5 and Russ...

A Disney store in New York, on Dec. 5, 2019. NICHOLAS PFOSI/Reuters Bob Iger is returning to Walt Disney Co DIS-N as chief executive less than a year after he retired, a surprise comeback that coincides with the entertainment company’s attempt to boost investor confidence and profits at its streaming media unit. Iger, 71, who was chief executive for 15 years and retired as chairman last year, has agreed to serve as CEO for two more years effective immediately, Disney said in a statement late on Sunday. He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally. Disney shares surged more than 9 per cent in premarket U.S. trading, valuing the company at about $182-billion. The Frankfurt-listed stock jumped as much as 10 per cent in European trading on Monday, set for its best day in almost two years. “Maybe the old hand on the tiller is what’s required,” said Markets.com anal...

Cryptocurrency exchange Kraken said on Wednesday it would cut its global work force by 30 per cent, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Higher interest rates and worries of an economic downturn have roiled cryptocurrencies as investors dump risky assets, with recent bankruptcies adding to the uncertainty. “Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets,” the company said. Kraken said the reduction will take its total head count to where it was 12 months ago, and that it has seen a drop in trading volumes and fewer client sign-ups. The implosion of FTX has rippled across the industry, hobbling liquidity at firms with exposure to what was once one of the world’s biggest crypto exchanges. https://www.tausiinsider.com/cryptocurrency-exchange-kraken-to-cut-about-1100-jobs-from-its-global-work-force/?feed_id=331782&_unique_id=6457e7e637489

Amid a triple-whammy of rising interest rates, inflation and uncertainty, Canadians have socked away billions in the safe confines of guaranteed investment certificates this year, a sizable stockpile that could eventually be released back into the economy and markets. Since March, when the Bank of Canada began raising its target overnight rate to counter mounting inflation, Canadians have pumped roughly $125-billion into fixed-term deposits like GICs at chartered banks. One-year GICs are currently paying upwards of 5 per cent, though that’s still shy of Canada’s 6.9-per-cent inflation rate. And of the increase, most has been in non-tax sheltered accounts, meaning taxes will take a big bite. Unlike dividends, the interest income from GICs is fully taxed at an investor’s marginal tax rate. Even so, Canadians have been drawn to the safety of GICs. Some of the GIC money is a holdover from the pandemic savings boom. Government stimulus and reduced spending meant chequing deposits at the b...

Amid a triple-whammy of rising interest rates, inflation and uncertainty, Canadians have socked away billions in the safe confines of guaranteed investment certificates this year, a sizable stockpile that could eventually be released back into the economy and markets. Since March, when the Bank of Canada began raising its target overnight rate to counter mounting inflation, Canadians have pumped roughly $125-billion into fixed-term deposits like GICs at chartered banks. One-year GICs are currently paying upwards of 5 per cent, though that’s still shy of Canada’s 6.9-per-cent inflation rate. And of the increase, most has been in non-tax sheltered accounts, meaning taxes will take a big bite. Unlike dividends, the interest income from GICs is fully taxed at an investor’s marginal tax rate. Even so, Canadians have been drawn to the safety of GICs. Some of the GIC money is a holdover from the pandemic savings boom. Government stimulus and reduced spending meant chequing deposits at the b...