Center for Economics and Business Research (CEBR) says that high-interest rates by most influential central banks in the world to combat the inflation will lead to a recession in 2023. British consultancy in its yearly World Economic League Table said that the global economy crossed $100 trillion for the 1st time in 2022 but will…
Three of the world’s highly influential central banks reduced their pace of increase in interest-rate hikes. These banks acknowledged that somewhat price pressures are easing but also stressed that inflation is still far from over. The Federal Reserve, Bank of England, and European Central Bank increased interest-rates by 50 basis points following previous increase of…
Corporate accounting has long been viewed as custodian and curator of financial data for Hospitality organizations. However, whether it’s bringing the data together or distributing the financial results broadly, the financial consolidation process has long been an onerous drudgery of information assembly, validation, and reporting. The consolidation process for many Hospitality accounting teams is sometimes…
Resilience and supply chain risk are increasingly important issues for financial institutions. Both clients and regulators expect firms to provide services without disruption, and, when disruption inevitably does occur, to recover promptly and minimize the impact on clients and the market. Financial institutions’ responsibility is to ensure services are resilient, both for processes and operations…
