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Yahoo
6 hours ago
- Business
- Yahoo
7 Powerful Ways To Shield Your Retirement During a Global Trade War
The U.S. is in a global trade war, and your retirement is at stake. Now is the time to take action, as the 2025 economic outlook isn't too promising. Global economic growth is expected to decline from 3.3% in 2024 to 2.9% in 2025, according to the Organisation for Economic Co-operation and Development. Much more drastic, gross domestic product growth in the U.S. is expected to decrease from 2.8% in 2024 to 1.6% in 2025. Learn More: Read Next: GOBankingRates spoke with two financial advisors to find how to keep your retirement safe amid the current economic turmoil. Keep reading to learn their advice, so you can make the best money moves for your golden years. Review Your Spending Habits 'This is the moment to revisit your budget — not just cut back, but plan ahead,' said Melissa Cox, certified financial planner (CFP) and owner of Future-Focused Wealth. 'Tariffs often hit the price of imported goods and materials.' If you're planning a major purchase, she said to map it out and think about whether it makes sense to buy now or wait. 'Planning beats reacting,' she said. Check Out: Keep Extra Cash on Hand 'Having a buffer lets you breathe when the market gets weird,' Cox said. 'I usually recommend 12 to 18 months of living expenses in a high-yield savings account — especially for retirees.' This can keep you from having to sell the investments at a bad time, just to pay the bills, she said. Don't Try To Time the Market Fear causes most people to lose more money than actual market decline, Cox said. Therefore, it's best to stick with your long-term investment strategy and work with a financial professional who can help you make informed decisions, instead of those driven by panic. Adjust Your Withdrawal Plan If you're already retired, you probably already have a withdrawal strategy in place. However, Cox said a global trade war might mean you need to be flexible with your withdrawal strategy. 'I walk clients through different 'what if' scenarios, so we know how to adjust if inflation hits or the market dips,' she said. Check Your Tax Strategy It's not uncommon for periods of economic change to bring shifts in tax policy, Cox said. This means now is a good time to review money moves like Roth conversions, charitable donations and tax-harvesting strategies see if they still make sense for you. Invest in International Stocks If you have a balanced portfolio with international equities, your portfolio will be significantly less volatile during a trade war, said Matthew Hale, certified financial planner (CFP) and owner of Make the Memory Financial Planning. 'This move captures the growth trend from companies looking to diversify away from the U.S., creating a boom in the international market space,' he said. Take Advantage of Volatility Recently, Hale said his firm has been rebalancing client portfolios, shifting bonds from stocks and picking up inexpensive shares during market downturns. They've also been processing Roth conversions. If you haven't made any adjustment to your portfolio since tariffs were imposed, now is a great time to review your positions. If you're not already, consider working with a financial advisor who can help you make the best decisions for your hard-earned retirement fund. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 10 Genius Things Warren Buffett Says To Do With Your Money 10 Used Cars That Will Last Longer Than the Average New Vehicle This article originally appeared on 7 Powerful Ways To Shield Your Retirement During a Global Trade War Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Star
13 hours ago
- Business
- The Star
OCBC Bank named Private Wealth Bank of the Year at Asian Banking & Finance Awards 2025
OCBC Bank (M) Bhd managing director and head of consumer financial services Sammeer Sharma KUALA LUMPUR: OCBC Bank (M) Bhd has been named Malaysia's Private Wealth Bank of the Year at the Asian Banking & Finance Retail Banking Awards 2025. It also received the Branch Innovation of the Year award at the same event. The awards highlight OCBC's 18,000-square-foot Premier Private Client Centre in Bangsar, which combines luxury, privacy, and personalised wealth management in a tranquil, nature-inspired setting close to the city centre. Managing director and head of consumer financial services Sammeer Sharma said the awards reflect OCBC Group's standing as a major player across Asean and Greater China, with deep expertise in wealth management and a proven track record in serving affluent clients. 'In Malaysia, OCBC Bank is a leading bank in the affluent segment, with a strong foundation for continued growth. These awards affirm our commitment to redefining wealth management through innovation and client-centricity. 'The OCBC Premier Private Client Centre is a testament to our One Group approach, which integrates best-in-class financial solutions with bespoke experiences in a truly inspiring setting. With the strategic investments we are making and the immense growth opportunities within Malaysia, we are confident of doubling our affluent client base over the next five years,' he said in a statement. The centre serves as a strategic anchor for the Bank's high-net-worth offerings, tailored for individuals with assets under management of RM3mil and above. It offers a comprehensive range of wealth solutions across 11 major currencies, with over 80% of its product shelf linked to sustainability.
Observer
21-07-2025
- Business
- Observer
PDO leads Oman's energy transition with breakthrough net zero projects
MUSCAT: Petroleum Development Oman (PDO), the largest producer of oil and gas in the Sultanate of Oman, is spearheading an ambitious and innovative transition toward a Net Zero future by 2050, underscoring its unwavering commitment to sustainability, energy efficiency, and climate responsibility. As published in the July edition of Wealth, a newsletter by the Ministry of Energy and Minerals, PDO's strategic roadmap reflects a clear alignment with Oman Vision 2040 and global goals for decarbonisation, as it pushes ahead with a series of integrated projects that merge energy production with significant emissions reduction. Among its most notable initiatives is a pioneering pilot project in the Dhulaima field, which marks a major milestone in carbon management and enhanced oil recovery (EOR). In a move that reflects a paradigm shift in the application of sustainable production technologies, PDO has successfully deployed carbon dioxide (CO₂) injection into the Upper Shu'aiba reservoir—an area previously considered inaccessible due to the limitations of conventional water injection and low rock permeability. The results were promising, with the CO₂ injection yielding a positive pressure response and no gas breakthrough, demonstrating both technical feasibility and reservoir stability. This pilot not only opens access to substantial untapped oil reserves but also supports emissions reduction through a carbon capture, utilisation and storage (CCUS) framework. What sets the Dhulaima project apart is its rapid and efficient execution. Delivered within just 12 months, the initiative stands as a clear example of PDO's capability to carry out complex engineering tasks with exceptional coordination and precision. The achievement also highlights the dedication and collaboration of multidisciplinary teams who delivered the project on schedule, with an exemplary safety record and zero health or environmental incidents—a hallmark of operational excellence in Oman's energy sector. In parallel with its work in CCUS and EOR, PDO is expanding its investments in renewable energy to reduce its carbon footprint across all operations. The company has set a target of generating 30 per cent of its operational energy requirements from renewable sources by 2026, a key stepping stone in its broader Net Zero strategy. Several large-scale solar projects are currently underway. Among them are Riyah-1 and Riyah-2, which, with a combined capacity of 200 megawatts, represent the first projects of their kind globally to be undertaken by an oil and gas company. Once operational in the last quarter of 2026, they are expected to offset around 740,000 tonnes of carbon dioxide emissions annually. Another major development is the North Concession photovoltaic solar project, also with a capacity of 100 megawatts and expected to be commissioned in the second quarter of 2026. This project alone will contribute to a reduction of more than 220,000 tonnes of emissions each year. Meanwhile, PDO's Amin photovoltaic solar power plant, which became operational in 2020, has already delivered a cumulative reduction of over 1.1 million tonnes of carbon dioxide emissions. The Miraah solar thermal steam generation project also continues to support clean steam supply for enhanced oil recovery, ranking among the world's largest facilities of its kind. Complementing these are smaller-scale but equally impactful initiatives such as the Dhiyaa project in Al Jazir, which supplies solar power to public buildings while promoting renewable energy awareness within local communities. At PDO's Mina Al Fahal headquarters, the company has implemented a car park solar project, now in its third phase, which contributes to the reduction of approximately 1,800 tonnes of carbon dioxide equivalent emissions annually. Equally critical to PDO's environmental strategy is the sustainable management of produced water, which presents both operational challenges and emissions concerns due to its energy-intensive disposal requirements. PDO has adopted a nature-based solution through the Nimr Wetlands project, which uses reed beds to naturally purify water With a treatment capacity of 175,000 cubic metres per day, this project not only avoids the release of 113,000 tonnes of carbon dioxide annually but also supports biodiversity, having created a desert habitat for over 140 species of birds and animals. Additionally, the Rima Water Treatment Plant, launched in 2022, employs innovative biological processes to treat around 40,000 cubic metres of water daily. This initiative has resulted in energy savings equivalent to 10 megawatts, translating into a further reduction of 48,000 tonnes of carbon dioxide emissions each year.
Bloomberg
18-07-2025
- Business
- Bloomberg
Harrow Pitches $75,000 Boarding School to NYC, International Parents
Wealth Spending & Earning Harrow International School New York, an outpost of the historic British academy, will open a co-ed campus on Long Island in September.
Economic Times
17-07-2025
- Business
- Economic Times
Zepto co-founder Kaivalya Vohra leads Avendus-Hurun India list of Under-30 entrepreneurs
Kaivalya Vohra, 22-year-old co-founder of Zepto, has topped the inaugural Avendus Wealth Hurun India 2025 Under-30 list of entrepreneurs released on Thursday, alongside co-founder Aadit Palicha. The list features 79 young Indian founders and leaders who are building high-impact ventures and shaping the country's economic future. ADVERTISEMENT The Under-30 list recognises startup founders under the age of 30 across a range of sectors, from software services and healthcare to logistics and consumer goods. Among those featured are AVR Shree Smaran of AVR Swarna Mahal Jewellers, Arjun Deshpande of Generic Aadhaar, Shiva Sankeshwar of Vijayanand Travels, Rahul Rawat of space tech company Digantara, and Mihir Menda of RMZ Boston. Other names include co-founders of 10-minute grocery delivery app Swish, Ujjwal Sukheja, Saran S, and Aniket Shah, highlighting sustained investor interest in quick commerce despite operational headwinds. 'This is the inaugural edition of the Uth Series, which will further see Under-35 and Under-40 lists too,' said Apurva Sahijwani, Managing Director & CEO, Avendus Wealth Management. 'We begin this initiative with the Under-30 List, which highlights some of the country's most promising and youngest leaders. These entrepreneurs are building high-impact ventures and challenging conventional paths to success.'Only six women entrepreneurs feature in this edition, including Devanshi Kejriwal, Radhika Ambani, Ananya Birla, Vrushali Prasade, and Romita Mazumdar, working across AI healthcare, edtech, pharmaceuticals, microfinance, marketing tech, and beauty. Devika Gholap, 28, is the youngest woman in the cohort and is 'driving innovation in digital pathology via OptraSCAN.'Software Products & Services emerged as the most represented sector with 21 entrepreneurs, with ventures such as Perplexity, Zupee, and Pixis. Consumer Goods followed with 12 entrepreneurs, while Financial Services contributed 9, including leaders from BharatPe and Svatantra Microfin. ADVERTISEMENT Mumbai led the city-wise tally with 15 entrepreneurs, reaffirming its position as India's financial hub. Bengaluru followed with 14 and Gurugram with 7. According to the report, the entrepreneurs featured have collectively raised more than $5 billion in equity and $270 million in startup debt. Their companies have created over 64,000 jobs, underlining the economic contribution of the youth-led startup ecosystem. Beyond capital raised, the list recognises founders for building ventures with 'social relevance, innovation, and sustainable growth.' ADVERTISEMENT 'One of the most striking shifts we've seen in recent years is the changing face of entrepreneurship in India. Today's founders are starting earlier, scaling faster and bringing a global perspective to everything they do. In the process, they are transforming industries and expanding India's presence on the world stage,' Sahijwani said. Also read | MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy? ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
