{"id":324872,"date":"2022-08-19T08:00:00","date_gmt":"2022-08-19T06:00:00","guid":{"rendered":"https:\/\/investinslovakia.eu\/?p=324872"},"modified":"2022-09-02T08:18:06","modified_gmt":"2022-09-02T06:18:06","slug":"fintech-media-choice-pokles-rast-a-dilemy","status":"publish","type":"post","link":"https:\/\/wordpress.investinslovakia.eu\/en\/fintech-media-choice-pokles-rast-a-dilemy\/","title":{"rendered":"FinTech Media Choice - decline, growth and dilemmas"},"content":{"rendered":"
Get information from a selection of articles from other media. Our summary of each of them will save you time. You'll find news from the worlds of finance, technology, and real estate.<\/p>\n\n\n\n
Investing in a recession<\/a><\/strong> - The US economy has fallen into a technical recession that few predicted. The eurozone countries are not expected to follow suit, but economic models are unreliable in turbulent times with high energy prices, inflation and geopolitical uncertainty. Stanislav P\u00e1nis recommends \"behave like any other sale with interesting discounts. Run to the 'shop' and buy bargains in companies with growing businesses and a favourable outlook, strong balance sheets or rising dividends<\/em>.\" He adds that \"Investments bought during crises generally yield the greatest appreciation.\"<\/em><\/p>\n\n\n\n Fear of inflation limits consumption. Many Slovaks will dip into savings<\/a><\/strong> - A survey by the career.sk portal shows that 67 % Slovaks are very worried about rising prices and inflation. Some Slovaks say that they will compensate for the increased spending from the savings they managed to accumulate during the pandemic and austerity measures. Before using financial reserves, households should also consider cutting back on spending on savings products. \"Putting [money] aside won't protect them from inflation, as interest on savings accounts is close to zero,\"<\/em> says portfolio manager Dominik Hapl.<\/p>\n\n\n\n Web3 is in chaos, says Randi Zuckerberg<\/a><\/strong> - Meanwhile, Web3, a hypothetical future version of the internet based on blockchain technology, brings chaos instead of utopia. According to Randi Zuckerberg, people spend most of their time worrying about the security of their identity and assets, which is not conducive to development. \"To really unlock the potential of [Web3], we're going to have to figure out a system where there's interoperability. What you have goes with you wherever you are, [and] we're not there yet,\"<\/em> he adds.<\/p>\n\n\n\n The biggest dilemma of our time: is it better to rent or buy a property?<\/a><\/strong> - an analyst of the Real Estate Union of the Slovak Republic, estimates that renting an older two-room apartment in Bratislava will reduce the amount in the tenant's bank account by EUR 620 per month. According to him, those who bought this type of flat in the capital and took out a 30-year mortgage for it will lose 700 euros. \"With a mortgage, on the other hand, about half of the repayment goes towards the principal of the debt. The borrower pays off his own property. It is therefore necessary to make a realistic assessment of one's current and future financial situation, because this is key,\"<\/em> points out. Uncertainty lurks in the rental market and the expectation of rising rents, particularly on energy prices. According to the CEO of Partners Investments, current mortgage interest rates are making buying less profitable at the expense of renting. Slovakia is set to move towards the style of western countries where owning property is a luxury. <\/p>\n\n\n\n How to break through in the world of big finance? Three successful women share their experiences<\/a><\/strong> - \"Having a balanced organisation on paper is one thing, but if you want to reap these benefits, diversity and inclusion needs to be truly embedded in your business,\"<\/em> says Snoop, founder and executive chairman of the fintech company. \"Don't be discouraged,\"<\/em> recommends the co-founder and CEO of Clearco. <\/p>\n\n\n\n Economists are divided on the long-term development of the Russian economy<\/a><\/strong> - Russia's gross domestic product fell by 4 % in the second quarter, analysts' forecasts expected 5. \"There have been signs of stabilisation in many sectors in the last month or two, but we do not expect the downturn to bottom out until the second quarter of 2023 at the earliest,\"<\/em> said an economist at Capital Economics. According to the CEO of the Moscow-based company Macro-advisory economics \"is not in danger of collapse or likely to experience any form of economic or financial crisis. But it faces five to seven quarters of low single-digit declines and a long-term list of problems that - if not effectively addressed - will keep growth near stagnation for many years.\"<\/em><\/p>\n\n\n\n Why the rich [Americans] shop at Walmart<\/a><\/strong> - Walmart reported its quarterly earnings yesterday, with sales up more than 8 % thanks in part to attracting more high-income shoppers. A similar situation occurred between 2009 and 2011, when the ratio of high and low quality goods bought in the US fell and then rose again during a time of economic growth. Dine Brands, which owns the Applebee's and IHOP brands, has enjoyed similar success.<\/p>\n\n\n\n Oil prices up more than one percent Wednesday, U.S. reserves shrink<\/a><\/strong> - The U.S. Department of Energy said U.S. crude inventories fell by 7.1 million barrels in the week ended August 12, down from an expected 275 thousand barrels. The main reason was a significant increase in exports, which reached a record 5 million barrels per day.<\/p>\n\n\n\n China raises clashes in fight against major drought<\/a><\/strong> - Chinese authorities are trying to trigger rainfall in parts of central and southwest China amid a severe drought and record heat. According to local media, provinces around the Yangtze River are fighting the lack of rain by launching rockets with chemicals. In addition to drying reservoirs, residents are also suffering several hours of power outages.<\/p>\n\n\n\n