DWS boss Stefan Hoops hits back at ‘critical reports’ about asset manager
The new chief executive of DWS has taken to social media to defend the asset manager over what he says is “critical reporting” of its results and wider strategy by the media. “While I should take critical reports about DWS Group on the chin, the competitor in me is getting the upper hand every now and then,” Stefan Hoops wrote in a LinkedIn post on August 11. Hoops said he took issue with media coverage suggesting some staff “seemed ready to leave” DWS. “Let’s check the facts: We have not seen an uptick in attrition and our colleagues are fully…
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Whistleblower’s lawsuit alleges financial misconduct and questionable spending at Hillsong Church
A whistleblower suing Hillsong in the Federal Court has alleged the megachurch funneled millions of dollars in payments through overseas entities to avoid scrutiny from Australia’s charities regulator. Key Points: Former Hillsong employee Natalie Moses has filed a lawsuit against Hillsong, claiming it violated the Fair Work ActIt alleges that its internal audits of Hillsong discovered that questionable accounting is unlikely to comply with the law Hillsong’s lawyers told the ABC it will defend the matter ABC Investigations can reveal that the Australian Charities and Not-for-profit Commission (ACNC) launched an investigation into Hillsong in March, which is looking into its…
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Why financial incentives are not enough to address the health workforce shortage
As many provinces and territories struggle with health worker shortages and overcrowded emergency departments, politicians are turning to financial incentives to keep or hire staff. In the past seven months, at least five provinces have announced tens of thousands in retention bonuses or other recruiting benefits to keep or attract doctors and nurses. But is financial compensation the right recruitment tool? Some researchers and recruiters say, based on studies and their own experience, that one-time financial incentives aren’t effective enough to keep healthcare workers on the job. “Financial incentives have always been, and will continue to be, Band-Aids,” said Maria…
Read More »Abrdn dives into crypto with stake in digital stock exchange
Abrdn has acquired a stake in digital securities exchange Archax, following the £508bn asset manager’s ambitions to enter the digital asset market. The Edinburgh-based fund group has become the largest external shareholder in Archax, which was established four years ago and offers institutional investors access to blockchain-based digital assets. London-based Archax is the first digital securities exchange regulated by the Financial Conduct Authority and has brokerage, custody and cryptoasset permits. The announcement comes just days after Abrdn CEO Stephen Bird told Financial News that the asset manager had plans to make a foray into digital assets. He told FN that…
Read More »Savara reports Q2 2022 financial results and provides business update
AUSTIN, Texas–(BUSINESS THREAD)–Savara Inc. (Nasdaq: SVRA), a clinical-stage biopharmaceutical company focused on rare respiratory diseases, reported financial results for the second quarter ended June 30, 2022 and provided a business update. “Despite ongoing factors such as geographic spikes in COVID, geopolitical issues and supply chain constraints, IMPALA-2, the pivotal Phase 3 trial of our new inhaled biologic, is currently underway for a top-line reading at the end of 2Q 2024.” said Matt Pauls, President and CEO of Savara. “With a cash position of approximately $142 million at the end of 2Q 2022, we are We are confident that we are…
Read More »New Jersey university faces scrutiny amid financial emergency
New Jersey City University is facing state government scrutiny after a financial collapse that saw a dramatic reversal of fortunes with the institution reportedly going from a surplus from $108 million in 2013 to a $67 million deficit amid plans to expand NJCU’s campus. Last week, Gov. Phil Murphy, a Democrat, called for an investigation into the university’s finances. “These figures, if true, are deeply concerning and require an immediate and independent investigation to understand how the financial situation deteriorated so rapidly over an eight-year period,” Murphy wrote in a letter to the intervention of the state formally requesting an…
Read More »Japan’s Nikkei 225 rises more than 2%
SINGAPORE — Japanese stocks rose in return, while sAsia-Pacific hares were mixed on Friday after strong gains in the previous session as investors digested the US inflation report. The Nikkei 225 rose 2.4%, while the Topix index rose 1.86%. Japanese markets were closed on Thursday for a holiday. Japan’s Prime Minister Fumio Kishida said on Friday that he will ask his government to find ways to address rising fuel and food prices in the country, Reuters reported. Inflation in Japan is not as hot as in other countries, but is above the central bank’s 2% target. In Australia, the S&P/ASX…
Read More »Sky Harbor Group Corporation Announces Second Quarter 2022 Financial Results and Signing of New Lease at Addison, Texas Airport
WEST HARRISON, NY–(BUSINESS THREAD)–Sky Harbor Group Corporation (NYSE American: SKYH, SKYH WS) (“SHG” or the “Company”), an aviation infrastructure company building the first nationwide network of home solutions (“HBS “), for commercial aircraft, today announced financial results for the quarter ended June 30, 2022. Tal Keinan, president and CEO, commented, “Sky Harbor continued to accelerate its pace of development during the second quarter of 2022. The company signed a new ground lease at Addison Airport in Dallas , Texas (“ADS”), and will soon begin construction on a Sky Harbor campus. Construction projects continue to move forward, and we expect to…
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