Siemens raises profit guidance again as industrial demand ramps up
ZURICH (Reuters) -German engineering and technology company Siemens raised its profit guidance on Thursday for the third time this year on the back of a post-pandemic surge in demand. Siemens raised its profit guidance again after beating forecasts for sales, profit and orders. During the three months to the end of June, Siemens said adjusted operating profit at its industrial business rose 29% to 2.32 billion euros ($2.75 billion), beating the 2.09 billion euros in a company-gathered consensus of analyst forecasts. Revenue rose 24% to 16.09 billion euros, while orders surged 47% to 20.49 billion euros, both beating forecasts. Net income for the year to the end of September is now expected to be in the range of 6.1-6.4 billion euros.
Source:The Star
August 05, 2021 08:48 UTC
Are selfies and video meetings making us unhappier with how we look?
No reliable figures are available, according to the German Society for Aesthetic Plastic Surgery (DGAePC). Only procedures that are performed and the motivation behind them are included in the annual statistics, not queries that plastic surgeons turn down. Mang advises anyone looking for cosmetic surgery to make sure they check that the doctor is a plastic surgeon. A further issue is that many specialists in other fields make extra money on the side through cosmetic surgery, says Hilpert. A plastic surgeon in the United States has noticed the same phenomenon - which he describes as the "Zoom boom."
Source:The Star
August 05, 2021 08:37 UTC
R&B singer Rihanna is now officially a billionaire, Forbes says
Pop star Rihanna's net worth is estimated at $1.7bil (RM7.1bil), making her the richest woman musician in the world, but her music is not the primary source of her wealth, Forbes magazine said on Wednesday (Aug 4). The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated US$1.4bil (RM5.9bil) of her fortune from her 50% stake in the Fenty Beauty cosmetics line, Forbes reported. The rest of Rihanna's wealth comes from her share of the Savage x Fenty lingerie company and her income as a singer and actress, the magazine added. Rihanna's beauty company, of which LVMH owns the other half, is known for its broad range of 50 skin tones, including dark shades for women of colour, which were rare when it launched in 2017. The singer of Umbrella and Love The Way You Lie ranks second behind Oprah as the richest female entertainer, Forbes said.
Source:The Star
August 05, 2021 04:52 UTC
Making succession planning part of family-business strategy
While these can be considered a form of family business, there is much more to the notion of family business. But little do people know that many big corporations and conglomerates around the world are often family businesses. Therefore, when there are offspring involved in the family business, we would identify the family business as a generational family business, because the succession process has begun with the incumbent’s intention to have a successor. Legacy planning and succession strategies have always been the boon or bane of family businesses. Taylor’s Business School is the leading private business school in Malaysia, based on the QS Subject Ranking 2021 edition.
Source:The Edge Markets
August 05, 2021 04:47 UTC
Olympics-Hockey-India win bronze after dramatic victory over Germany
TOKYO (Reuters) -India won the bronze medal in hockey after a thrilling 5-4 victory over Germany at the Tokyo Games on Thursday, giving the country its first Olympic medal in the sport in more than forty years. India forward Simranjeet Singh stood out from the other players by scoring two goals for India, including the winning goal of the match. Germany took an early lead through a second-minute goal by Timur Oruz, and posed a threat to India in the first quarter. After Simranjeet equalised with a backhand shot for India, Germany kept their cool, scoring two goals to take a 3-1 lead in the second quarter. The bronze marked India's first Olympic hockey medal since they last claimed https://www.reuters.com/lifestyle/sports/hockey-india-revive-memories-past-glories-by-reaching-semis-2021-08-02 the top prize at the 1980 Moscow Games, when none of the players on the current squad were born yet.
Source:The Star
August 05, 2021 04:03 UTC
‘I have majority support’
PETALING JAYA: There is no need for me to resign as I have the support from the majority of the MPs, and I will prove it in the next Parliament meeting, says Prime Minister Tan Sri Muhyiddin Yassin. “I received a letter from the King on Aug 3 that eight Umno MPs had written to the Dewan Rakyat Speaker saying they were withdrawing their support for me. “Firstly, Article 43(2) stated that the King must first appoint a Prime Minister by picking an MP whom he believes has the command of the majority of Dewan Rakyat members. “However, I realise that my position as Prime Minister is often questioned. It was claimed that 11 Umno MPs have signed statutory declarations retracting their support for Muhyiddin, while the bulk of the 40 Barisan Nasional MPs have yet to make their stand public.
Source:The Star
August 04, 2021 22:41 UTC
Bronze medalist from China’s Xinjiang region wins big applause on social media - Global Times
(Aug 6): Chinese wrestler Walihan Sailike, who won the bronze medal in the men's Greco-Roman 60 kilograms at the Tokyo Olympic Games on Monday, has won big applause on Chinese social media, Global Times reported. The 29-year-old Kazak athlete from Northwest China's Xinjiang Uygur Autonomous Region won China its first medal in the event since the 2008 Beijing Olympic Games. The medal is also a milestone in the history of sports in the Xinjiang region, the Xinjiang Daily reported. "Bronze medals in competitions that are less popular [in China] are more precious than gold medals in popular sports," one netizen commented on Weibo. You are the pride of China," another Chinese netizen wrote.
Source:The Edge Markets
August 04, 2021 15:11 UTC
Olympics-Athletics-World champion Johnson-Thompson out injured, Vetter leads heptathlon
TOKYO (Reuters) - Heptathlon world champion Katarina Johnson-Thompson's Olympic bid ended abruptly on Wednesday when she collapsed to the track during the 200 metres event, months after she suffered an Achilles tendon injury. I wasn't feeling well at the beginning. That's why I wasn't feeling well. "With long jump coming up, I feel like there’s a bit more tension because there are others out there who are able to collect more points than me," she said. The heptathlon will resume on Thursday, starting with the long jump.
Source:The Star
August 04, 2021 12:32 UTC
UMNO veep Khaled Nordin resigns as Boustead chairman
KUALA LUMPUR (Aug 4): UMNO vice-president Datuk Seri Mohamed Khaled Nordin will resign as Boustead Holdings chairman effective tomorrow. In a separate statement, Boustead managing director Datuk Seri Mohammed Shazalli Ramly said Khaled has been very supportive of the Reinventing Boustead initiative that resulted in significant financial performance improvement for the group. “During his tenure with Boustead, we have seen significant positive progress that serves and protects the interest of our shareholders. Yesterday, UMNO president Datuk Seri Zahid Hamidi said a number of UMNO Federal lawmakers have signed a declaration letter indicating their withdrawal of support for Muhyiddin. Another UMNO lawmaker to resign his Federal post is Datuk Seri Shamsul Anuar Nasarah, who announced that he was quitting as the Energy and Natural Resources Minister.
Source:The Edge Markets
August 04, 2021 11:41 UTC
Retired Penang Gerakan exco member succumbs to Covid-19
GEORGE TOWN: Retired Penang politician, Datuk Kee Phaik Cheen, who was credited for the state’s tourism growth, has passed away at 74. Kee, who served as an exco member for tourism and art from 1990 to 2004 succumbed to complications arising from Covid-19. The former Gerakan leader and her husband of 45 years, tested positive for Covid-19 last month and were hospitalised. In 2008, Kee made a comeback in the local tourism scene when she was named the Penang Tourism Action Council (PTAC) chairman. She was the Tourism Malaysia deputy chairman and its board member and audit committee chairman.
Source:The Star
August 04, 2021 09:44 UTC
A hands-on approach to building wealth
“The EL Group specialises in the cold chain transport of food items and temperature-sensitive products. At the end of 2019, before the outbreak of the pandemic, he had established EL Cold Chain Logistics Sdn Bhd — in line with the EL Group’s target of becoming an integrated logistics company. EL Cold Chain Logistics, which provides rental of cold storage space as well as cold-chain transport services, is Khor’s biggest project to date. “The residential property market may have seen a slump in prices, but this is not the case for industrial properties. But since I prefer to invest directly in a business, I am willing to take on risks that I can manage and mitigate.”
Source:The Edge Markets
August 04, 2021 05:26 UTC
Tokyo Olympics: A 58-year-old table tennis player is finding online fame as the ‘Shanghai auntie’
A 58-year-old table tennis player representing Luxembourg at the Tokyo 2020 Olympic Games has been dubbed the “Shanghai auntie” by the Chinese Internet. Ni Xialian was born and raised in Shanghai and is the oldest athlete to compete in table tennis in Olympic history. As Ni’s profile grew, cyber-sleuths discovered that she was once a top athlete for China’s national table tennis team. At her peak, she helped China win the team championship at the 37th World Table Tennis Championships in Tokyo in 1983. She retired from China’s national team in the late 1980s and started playing table tennis in clubs in Europe.
Source:The Star
August 04, 2021 05:15 UTC
Muhyiddin says he still has majority support
KUALA LUMPUR (Aug 4): Tan Sri Muhyiddin Yassin has claimed that the majority of Members of Parliament (MPs) still support him as the prime minister despite eight Umno MPs signing a letter of declaration to pull support from the Perikatan Nasional (PN) government. He said he has had an audience with Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah at 11am this morning, and informed the King he had also received declarations of support from MPs that signified he still had majority support. Therefore, I have informed His Majesty Yang di-Pertuan Agong that I will determine my legitimacy as the prime minister in Parliament. He added that this will confirm his position as the prime minister and PN as the ruling government lawfully and constitutionally. Yesterday, Umno president Datuk Seri Dr Ahmad Zahid Hamidi said “enough” Umno MPs had signed a declaration letter indicating their withdrawal of support for Muhyiddin as the prime minister.
Source:The Edge Markets
August 04, 2021 04:47 UTC
Straddling the old and new
At 50 years old, Paul Lim falls between the baby boomers and the millenials. He prefers to see himself as old wealth who is open to new wealth creators. “Old wealth, which is mainly defined as tangible assets, is the base to society. Managing director and group CEO of Pestech International Bhd, Lim’s wealth comes from the electricity transmission business. The critical challenge Pestech faced in 2000 — when Lim joined the company as general manager — was business expansion.
Source:The Edge Markets
August 04, 2021 03:22 UTC
My Say: The future belongs to the young but only if they fight for it
And if it is true about the natural sciences community, how much truer is it not about the social sciences? The old often manages to absorb and conform the young, ageing them before their time as it were. There are generational interests, just as there are class interests, gender interests or community interests. The future is an asset always held in (dis)trust by the old for as long as they like, or live. And if the old generation is not to be trusted, then the young need to repossess the future using their own strength.
Source:The Edge Markets
August 04, 2021 03:22 UTC