Author: natixis-ezine

Bank survey shows Japan’s businesses turning pessimistic

natixis-ezine

Read time : 2 mins

Level : Intermediate

People walk at a pedestrian crossing in Ginza shopping district Friday, March 31, 2023, in Tokyo. Business sentiment among big Japanese manufacturers worsened in the first quarter of this year, marking the fifth straight decline, according to a closely watched central bank survey of business sentiments called “tankan.” (AP Photo/Eugene Hoshiko)

By YURI KAGEYAMA AP Business Writer

TOKYO (AP) — Business sentiment among big Japanese manufacturers worsened in the first quarter of this year in the fifth straight decline, according to a central bank survey released Monday.

The headline measure in the Bank of Japan quarterly survey called “tankan” found such sentiments stood at plus 1, down from plus 7 in December. It’s the worst quarterly result since December 2020.

Sentiments among major non-manufacturers rose one point to plus 20, its the fourth straight quarter of improvement.

The Japanese economy has tended to stagnate in recent years, with slow wage increases, and has recently been hit by inflationary pressures, even as some parts of the nation’s economy continue to experince deflation, the opposite trend in which prices continually decrease. Continue reading

The US leads the world in weather catastrophes. Here’s why

natixis-ezine

Read time : 3 mins

Level : Advanced

FILE – People walk through damage from a late-night tornado in Sullivan, Ind., April 1, 2023. (AP Photo/Doug McSchooler, File)

By SETH BORENSTEIN AP Science Writer

The United States is Earth’s punching bag for nasty weather.

Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said. Two oceans, the Gulf of Mexico, the Rocky Mountains, jutting peninsulas like Florida, clashing storm fronts and the jet stream combine to naturally brew the nastiest of weather.

That’s only part of it. Nature dealt the United States a bad hand, but people have made it much worse by what, where and how we build, several experts told The Associated Press.

Then add climate change, and “buckle up. More extreme events are expected,” said Rick Spinrad, head of the National Oceanic and Atmospheric Administration. Continue reading

New Starbucks CEO plans to work in stores monthly

natixis-ezine

Read time : 3 mins

Level : Intermediate

FILE – Incoming CEO Laxman Narasimhan speaks during Starbucks Investor Day 2022, Sept. 13, 2022, in Seattle. Starbucks officially has a new CEO. The Seattle coffee giant said Monday, March 20, 2023 that Laxman Narasimhan has assumed the role of CEO and joined the company’s board of directors. (AP Photo/Stephen Brashear, file)

By DEE-ANN DURBIN AP Business Writer

Starbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to its culture and customers.

Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks’ employees Thursday that he also expects the company’s leadership team to be connected and engaged in stores.

“While our performance is strong, our health needs to be stronger,” Narasimhan wrote in the letter. “We must care for the artists and the theater in the front of our stores and the factory in the back.” Continue reading

Deal to buy Silicon Valley Bank calms bank fears, for now

natixis-ezine

Read time : 3 mins

Level : Advanced

A First Citizens Bank sign is seen in Durham, North Carolina, on Monday March 27, 2023. North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month. (AP Photo/Jonathan Drew)

By STAN CHOE AP Business Writer

NEW YORK (AP) — First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks around the world.

The Federal Deposit Insurance Corp. and other regulators had already taken extraordinary steps to head off a wider crisis by guaranteeing all depositors in SVB and another failed institution, Signature Bank, could get their money, even if they had more than the $250,000 limit insured by the FDIC.

The First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in other regional banks across the country.

Stock prices strengthened for First Republic, PacWest Bancorp. and other banks that investors have spotlighted as most at risk for a sudden exodus of nervous customers, similar to the run that caused Silicon Valley Bank’s failure. Continue reading

Beyond the Screen: Traveling to TV-Inspired Destinations

natixis-ezine

Read time : 3 mins

Level : Intermediate

By Alexandrea Sumuel

Travelers are being inspired to visit destinations they have seen on screen. According to a travel trends report, 66% of travelers have considered trips to destinations based on a movie or TV show they’ve streamed. Thirty-nine percent already have their trips booked.

The travel trends report by Expedia also reported that advice from friends and family topped streaming services by only 2%. And with such a significant impact on travel decisions, tourism agencies are dedicating more of their advertising dollars to streaming services.

TV tourism is not a new trend. Some 96% of Americans report they’ve already visited places associated with their favorite TV show at least once in their lifetime. The same study revealed that 78% of Americans would likely go on a TV or movie-themed trip in 2023. Continue reading