Financial services

Traveling to Europe soon? 6 tips that will help you save money and avoid misfortune

This summer, tourism in Europe resumed — and Europe was not ready. Pandemic-related staff shortages have led to massive queues and flight cancellations at many airports; meanwhile, hotel and taxi prices have risen. In addition, there were record temperatures that caused roads, airport runways and railway tracks to buckle, leading to further disruptions. Our family …

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Banks are getting involved in Web3 technology, but are being held back by a lack of regulations

Bain’s Web3 and metaverse consulting division just got another partner. SOPA Images/LightRocket via Getty Images Richard Walker, a new partner at Bain & Co. and one of the chief digital strategists for financial services, has plenty of advice for his clients on how to take advantage of Web3 concepts and the blockchain-based metaverse. But the …

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A strong dollar makes travel to Europe very attractive right now—with one important caveat

Faced with record high inflation and interest rates, many Americans cannot afford to travel right now. But for those lucky enough to make it, this could be the perfect time to book a trip to Europe. The British pound fell to an all-time low against the U.S. dollar on Monday, while the euro, which fell …

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Opinion: Amend the Affordable Care Act to mandate mandatory backup health insurance

Universal health care coverage in the US—once considered a hopeless goal without the imposition of a single-payer plan—is surprisingly affordable. Thanks to the Affordable Care Act and expanded subsidies in the 2021 American Rescue Plan, more than 91% of Americans now have health insurance. Closing the gap would be a win-win for the uninsured, health …

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The FASB is amending future rules on insurance contracts to ease the transition

A U.S. accounting standard setter has allowed insurers that recently sold their long-term insurance business to delist it from their balance sheets if they comply with new accounting rules for valuing certain contracts. The Financial Accounting Standards Board’s decision on Wednesday aims to help insurers comply with new requirements that are due to take effect …

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The FASB is amending future rules on insurance contracts to ease the transition

A U.S. accounting standard setter has allowed insurers that recently sold their long-term insurance business to delist it from their balance sheets if they comply with new accounting rules for valuing certain contracts. The Financial Accounting Standards Board’s decision on Wednesday aims to help insurers comply with new requirements that are due to take effect …

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Three common travel disasters and what to do about them

It article reprinted with permission from NerdWallet. Air travel is a mess today, given the onslaught of delays and cancellations this summer. On-time arrivals have not been this low since 2014, according to the Bureau of Transportation Statistics. In the first six months of 2022, more than 20% of flights departing from US airports were …

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Mobikwik News: MobiKwik Launches Xtra Investment Product, Scales AUM to Over Rs 100 Mn

Digital payments company MobiKwik is expanding its financial services offering by launching an investment deposit product called Xtra for its consumers and merchant partners. The company already has assets under management (AUM) of Rs 101 crore for the product, co-founder Upasana Taku said while talking to ET. The product, which has been tested for the …

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Should your small business get a loan to cover the rising costs of inflation? This can help you decide.

Small business owners have spent years dealing with the effects of the COVID-19 pandemic, and now inflation has affected the recovery process. According to the US Chamber of Commerce Small Business Index for Q2 2022, four out of five companies report that rising prices have had a significant impact on their operations. And while businesses …

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How to make your trip more relaxing and less stressful

The last time Camille Hoheb took a wellness-focused vacation, she didn’t set any grueling hiking goals, lower her blood pressure a few points, or change any mean daily habits. She brought a sketchbook, not an itinerary, and a general desire to find popular local eateries instead of scrolling through a list of must-visit restaurants. The …

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