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Leonard Lauder, the billionaire owner of Estée Lauder Companies' cosmetics fortune, plans to step down from the company's board in November. Mr. Lauder will remain chairman emeritus of the company.His 90-year-old son, William Lauder, currently serves as chairman of the board. His other son, Gary Lauder, is a managing director at Silicon Valley-based venture capital firm Lauder Partners LLC and is scheduled to join the board in November, when his father will vacate the seat. be.”As chairman emeritus of the company, I look forward to continuing my work as an advisor and 'chief educational officer' and contributing to what I…

Executives across all business sectors have been making substantial investments in machine learning, saying it is a critical technology for competing in today’s fast-paced digital economy.”Machine learning is the backbone of today’s business, turning data into insights and insights into action and predictability. That’s why machine learning is highly useful,” said Adnan Masood, chief AI architect at UST, a digital transformation solutions company.The proof? Masood pointed to the fact that machine learning (ML) supports a large swath of business processes — from decision-making to maintenance to service delivery.That, in turn, is driving the ongoing adoption of machine learning, with technology…

If there's one thing this summer has made clear, it's that extreme weather events are becoming more common. The United States is plagued by flooding, heatwaves, and wildfires. However, a recent PricewaterhouseCoopers survey of executives found that only half of CEOs consider climate change a risk to their business, and only 19% consider it a serious risk. is. This number is actually down from 23% last year. The survey also found that less than a quarter of companies are prepared for climate-related disruptions that are likely to occur in the next 12 to 18 months. But the climate crisis can…

A business credit report is a document that summarizes how well a company is handling its debt.It requires your business credit score Information about your payment habits and account history. There are three major business credit bureaus, each issuing its own business credit report. Unlike your personal credit report, you are not entitled to see your business credit report for free. However, all information from your business credit report is publicly available to paying customers, including both your company and other companies.Here's what you need to know about business credit reports.Features Featured card listings may be affected by compensation agreements…

A balloon flying dangerously close to a cactus. You know about death and taxes. What about risk? Yes, risk is just as much a part of life as the other two inevitabilities. This became all the more apparent during COVID-19, as each of us had to assess and reassess our personal risk calculations as each new wave of the pandemic—and pandemic-related disruptions—washed over us. It’s the same in business: executives and organizations have different comfort levels with risk and ways to prepare against it. Where does business risk come from? To start with, external factors can wreak havoc on an…

Mahindra Manulife Mutual Fund recently launched a cyclical fund. The New Fund Offer (NFO) is an open-ended thematic fund that invests in cyclical companies and is open for subscription until September 4, 2023. The fund will be co-managed by Krishna Sanghavi, Chief Investment Officer, Equities, and Renjith Sivaram Radhakrishnan, Equity Fund Manager.In an exclusive interview with CNBCTV18.com, Sanghavi opened up about the approach behind the new fund and business cycle funds in general. The fund focuses on various ways to study the market, including market capitalization (small, medium and large), flexible capitalization (flexicap), sector classification such as IT, consumption and…

Cyclical funds are all the rage, but should you invest in them? India is in the midst of an economic and business expansion cycle. Cyclical funds, which seek additional exposure to companies that benefit from economic expansion, have gained momentum over the past two years. The number of cyclical funds has now increased from just one fund in December 2020 to 10.Indian asset management companies like HDFC, Kotak, Axis and Aditya Birla Sun Life have come up with schemes in this category.From assets of Rs 518 million in December 2020; what do you get Ad-free experience Seamless navigation, faster…

Roanoke County is dollar tree at Oak Grove Plaza, county spokeswoman Amy Whitaker said.Oak Grove Plaza, a suburban shopping center located at 2065 Electric Road, is transitioning under new ownership. Management members of the real estate company that purchased the complex said the proceeds from leasing the vacant anchor space would be used to pay for needed maintenance work, including a new roof and air conditioning equipment. Parking lot resurfacing. Upgrade parking lot lighting and shopping center signage. and repainting the building.Dollar Tree, a Chesapeake-based chain of discount variety stores that previously sold most of its items for $1, raised…

Navigating China’s intricate F&B regulatory system stands paramount in safeguarding the quality and safety of imported food products. Despite this rigorous framework, a substantial volume of food imports face rejection or destruction annually due to non-compliance or irregularities in quality. This not only incurs losses for both importing and exporting enterprises but can also lead to severe consequences like license revocation and future trade exclusion. With these high-stakes scenarios in mind, companies must remain vigilant, keeping up-to-date with evolving food regulations, and ensuring that their products align with essential import procedures. China emerged as the second-largest global importer of food…

The private sector should be a natural partner in tackling the growing problem of climate change. After all, the business community has the ability to respond to the rapid innovation, scalability, and systemic change needed to successfully curb emissions and meet climate goals. I have seen first-hand this unique opportunity for private sector leadership. Most of my waking hours are focused on her two important areas: conservation and business. And because we have a foot in each of these worlds, I strongly believe that the business community can and should lead the way towards a more sustainable future. The private…