Job

Finance Minister Confirms His Private Company Did Agyapa Job

More details continue to emerge about the controversial Agyapa Royalties Limited deal, revealing a deep-seated greed on the part of some of the promoters who are family member of the President, Nana Akufo-Addo.

They, include Finance Minister, Ken Ofori-Atta, who is accused of using their proximity to power, their knowledge of the government deals to award various aspects of the transaction to their private companies, instead of announcing the existence of the job and opening it up for competitive bidding process.

Databank, is one of the companies owned by the Finance Minister. Ghanaians were last Friday, shocked to hear that Databank Financial Services, was also engaged by the Finance Ministry to be part of the Agyapa transactions.

But this is not the first time that Ken Ofori-Atta’s companies; Databank Financial Services and Enterprise Insurance Company Limited under the Enterprise Group are also mentioned as competing for state jobs with companies

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France to phone GE’s Culp over Belfort promises, job losses (NYSE:GE)

“We will make sure that GE respects its commitments regarding jobs in Belfort… I will have the opportunity to call GE Chairman and CEO Larry Culp (on the issue),” French Finance Minister Bruno Le Maire told a hearing at the French Senate.

A European group committee of GE Energy – which bought out Alstom’s energy branch in 2015 – is reportedly due to soon launch the first phase of a vast social plan with the elimination of 1,225 jobs in Europe, including 764 jobs in France.

In a related press release, General Electric management said it believes “GE Grid Solutions and GE Hydro Solutions are each facing complex market dynamics and generating significant financial losses. In order to restore these divisions to a viable financial position, they each presented a transformation project to the European works council.”

“I am extremely unhappy with this decision, we still have the impression that

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‘Ghosting’ is not just for lovers. These job applicants say ‘cruel’ and ‘selfish’ employers do it too.

The search for new employment has been brutal for millions of Americans faced with a 10.2% unemployment rate. 

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With more than 58 million Americans losing their jobs since the start of the coronavirus shutdowns in mid-March, competition for the few slots available has been fierce.

Job seekers of all ages are being forced to contend with a phenomenon often more familiar to the dating scene – ghosting. For the romantically uninitiated, that’s when your crush dumps you but never takes the time to pick up the phone to let you know that they’ve moved on. 

Job seekers are feeling that same sense of rejection, though this time it’s hurting their wallets rather than their hearts. 

According to a recent LinkedIn poll, 93% of job applicants reported being “ghosted” by an employer after an initial in-person interview or after responding to a request for additional information. (The poll surveyed

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Job security fears major reason for low housing demand

New Delhi: With widespread layoffs and pay cuts across sectors, concerns regarding job security and wage reduction have emerged as a major deterrent for prospective home buyers from making the deal and buying an apartment of their own, according to a survey by JLL.

The survey on home buyers’ preference amid COVID-19 shows that in the current fragile employment scenario and an atmosphere of subdued economic sentiment, survival becomes the priority.

“Homebuyers are either anxious about job security or anticipating salary cuts, which resulted in consumer sentiments taking a massive hit,” said the report.

It noted that prospective buyers are also expecting further drop in house prices.

The report says that there is increased pent-up demand in the market, but this will translate into higher sales only when the economy stabilises and prospective buyers feel secure about their jobs.

According to Homebuyer Preference Survey, 91 per cent respondents wanted to

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UK financial job vacancies shrink by 60% in second quarter: data

LONDON (Reuters) – The volume of UK financial sector job vacancies dropped by 60% in the quarter to end-June, data on Wednesday showed, as the COVID-19 pandemic inflicted fresh injury to a labour market already reeling from restructuring and Brexit.

FILE PHOTO: Workers wearing face-masks travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby Melville

The latest Morgan McKinley Spring London Employment Monitor, which details hiring trends across Britain’s financial industry, showed the number of job-seekers fell by almost a third in the three month period from April, with available jobs plunging by 72% year-on-year in that month alone.

The latest figures follow a rapid slowdown in hiring seen in March, when the number of available jobs dropped by 38% compared with February.

The early part of the April-June quarter was dominated by government-imposed lockdowns to

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Chrystia Freeland to take Canada’s top finance job



Chrystia Freeland wearing glasses: Chrystia Freeland is one of PM Justin Trudeau's most trusted ministers


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Chrystia Freeland is one of PM Justin Trudeau’s most trusted ministers

Canada’s deputy prime minister Chrystia Freeland will be taking over the role of finance minister, Canadian media report.

Bill Morneau stepped down on Monday from the top finance job amid pressure from opposition parties, after five years in the role.

Ms Freeland, 52, will become the first woman to hold the powerful portfolio in Canada.

She is one of Prime Minister Justin Trudeau’s most trusted ministers.

Canada is going through its worst economic crisis since the Second World War due to the economic impact of the coronavirus pandemic.

She has previously held several high-level cabinet positions, including the international trade portfolio.

As foreign minister she helped renegotiate the North American Free Trade Agreement – or Nafta – with the US and Mexico.

The former journalist was first elected as a member of parliament (MP) in 2013.

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Toughest Finance Job in India Keeps Yes Bank CEO Awake at Night

Prashant Kumar

Photographer: Dhiraj Singh/Bloomberg

Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. He was offered the job of rescuing the country’s most troubled private-sector bank, and — if he accepted — told to report for work at 8 a.m. the following morning.

“The first thing that came to my mind was where was the address,” he recalled. “I had to Google it.”

Kumar had little hesitation in accepting the position of chief executive officer of Yes Bank Ltd., the lender that was teetering on the edge of insolvency before being bailed out that month at a cost of $1.3 billion. The only concern came from his wife, who Kumar says was “shocked” that he had resigned from his safe post at the government-controlled SBI, where he was chief financial officer.

Another failure of

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