Business Continuity and Disaster Recovery Specialis
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Exclusive-Exxon exits Russia empty-handed with oil project 'unilaterally terminated'
Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it had valued at more than $4 billion. An Exxon spokesperson declined to comment on whether it will proceed to contest the seizure through an international arbitration process, a possibility flagged in August.
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American Airlines Will Pay Millions Over Huge Passenger Problem
Few travel nightmares can be worse than packing small to avoid paying for a checked bag and then, upon arriving at the airport, being told that the bag is too big and needs to be checked anyway. At the same time, a recent study from IdeaWorks found that the percentage of revenue airlines derive from baggage fees has been rising steadily — 3.7% in 2019, 3.9% in 2020 and 4.6% in 2021. In February 2021, five passengers who traveled with American Airlines filed a class action lawsuit that accused the airline of incorrectly charging them baggage fees that they were not required to pay.
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Tesla Humiliates Volkswagen, Mercedes
In the race for electric vehicles, every detail counts because it can make the difference. For Tesla , the current market leader, the mission is clear: to preserve its lead and increase it to leave only crumbs for its rivals, who came too late in the game. As for his rivals - and there are many of them - they are fighting for the second place but they aim to dethrone Tesla in the near future.
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Retirement can mean a loss of identity — how to bring happiness to your next act
Struggling with carving out a new identity in retirement, or massaging the identity you had when working full time, can be a serious challenge. "That identity issue is so huge because we spend our entire life building up to who we're supposed to be," said Michael Kay, who recently retired from the Livingston, N.J., financial planning firm he founded in 2001. Stuart Silverman wrestled with that question at age 67 in 2016 after retiring from the Mountain View, Calif., sales and market company he founded about 15 years earlier.
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New Study: Don't Start Saving For Retirement Until Middle Age
Per most experts, there's one seemingly unquestionable pillar of personal finance advice: start saving for retirement as early as possible. But not so fast. According to new research published in The Journal of Retirement - an academic journal focused on … Continue reading → The post Don't Start Saving For Retirement Until Middle Age, New Study Says appeared first on SmartAsset Blog.
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How to Pay Fewer Taxes on Your Retirement Income
Looking to pay fewer taxes on your hard-earned retirement income and extend the life of your savings? Doing so may be easier and simpler than you expected. For retirees with assets spread across various buckets, from taxable investment accounts to … Continue reading → The post Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy appeared first on SmartAsset Blog.
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ASML to report Q3 earnings as China, supply chain questions swirl
Supply chain snags, spending cuts by customers and U.S. trade curbs on China are likely to be in focus at ASML Holding NV's quarterly results on Wednesday, which should benefit from strong past orders of its equipment to make computer chips. Europe's largest technology company is working through a 33 billion euro ($32.5 billion) order backlog that stretches into 2024. ASML, which sources fewer than 25% of parts in the United States for its lithography systems - $160 million machines used to create the circuitry of chips - has said it is still assessing the impact of U.S. measures imposed earlier this month to cut off China from certain chip supplies.
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Want to get richer? You may need to stop looking at saving money like this, and start viewing it like this instead
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Despite many high-yield savings accounts paying more than they have in over a decade — see the highest savings rates you may get now here — most Americans are under-saved. More than half (56%) of Americans couldn't cover an unexpected $1,000 expenses with their savings, according to a survey from Bankrate.
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Exxon Completes Russia Exit, Says Operation Was Expropriated
(Bloomberg) -- Exxon Mobil Corp. completed its exit from Russia, calling the departure an "expropriation" of its main Russian operation and potentially setting up a future legal challenge. "With two decrees, the Russian government has unilaterally terminated our interests in Sakhalin-1 and the project has been transferred to a Russian operator," an Exxon spokesperson said in a statement. "We have safely exited Russia following the expropriation."READ: Aug, 30 Exxon Prepares for Lawsuit as Putin
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Source: https://finance.yahoo.com/news/disaster-recovery-plan-business-continuity-105300654.html
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