"Have you ever held £2,000 at once in your hand?" that was the line used to tempt Holly into becoming a money mule. At the age of 17 and still at school, Holly (not her real name) was approached on Instagram, then Snapchat, by a person who promised to pay her a decent sum, if she let him use her bank account to move money. Even though she knew this was suspicious, Holly eventually handed over her bank card to a young man who was essentially a stranger. "He was convincing me. He showed me other people that he's worked with about how much money they got and he just kept on pestering me for my card and I just eventually gave in," she told BBC Radio 4's Money Box programme.Money launderingThe deal was apparently simple. Holly would receive money into her bank account and then transfer it to another account or take it out in cash and give it to someone. In exchange she would get a cut of the money.But by becoming a money mule, what Holly was really doing was laundering the proceeds of … [Read more...] about I was a teenage ‘money mule’
Allowing private investors to develop electricity transmission lines is expected to be the best solution to settle the electricity shortage. The Ministry of Industry and Trade (MOIT) has asked the Prime Minister to approve the Trung Nam – Thuan Nam solar power and electricity transmission line project. Ninh Thuan and Binh Thuan have the highest numbers of solar power plants, while the regional transmission network is weak, which has led to overloading. Reports show that many transformer stations and transmission lines have overloading of over 200 percent. Ninh Thuan and Binh Thuan have the highest numbers of solar power plants, while the regional transmission network is weak, which has led to overloading. Reports show that many transformer stations and transmission lines have overloading of over 200 percent. Linh Ha Change of direction for VN solar industry The country’s feed-in tariff has supported a boom for Vietnam’s solar sector, but now the Ministry … [Read more...] about Vietnam supports private investment in electricity transmission lines
RIYADH (Reuters) - “No voice is louder than that of the Aramco IPO, the largest IPO on earth,” declared Ahmed Al-Arfaj, a Saudi Arabian TV talk show host, drumming up demand for what could be the world’s biggest initial public offering. A billboard display an advert for Saudi Aramco in the streets in Riyadh, Saudi Arabia, November 15, 2019. Picture taken November 15, 2019. REUTERS/Ahmed Yosri State oil giant Saudi Aramco began its repeatedly delayed share sale on Sunday, offering retail investors and institutions a stake in the world’s most profitable company through a listing on Riyadh’s Tadawul bourse. Saudis clamoring to own part of the world’s top oil exporter can go online or to local banks, which have extended working hours to meet high expected demand during a sale process that runs until Nov. 28. Retail investors will be sold up to 0.5% of Aramco, about $8.5 billion worth of shares, in the IPO, which values the company at $1.6 … [Read more...] about Eager Saudis prepare to snap up stakes in ‘crown jewel’ Aramco
Go beyond your college classroom. Take part in fests. Pursue an internship, says Abhishek Ajmera.Image published for representational purposes only. Photograph: Danish Siddiqui/Reuters Millennials and the Generation-Z are ready to dominate the workforce. It is expected that by the year 2020, the average age of an Indian will be 27 years. Technology is synonymous and automation today is transforming the lives globally. Millennials have an edge over their predecessors and are better equipped to battle industry 4.0; so is the Generation-Z who were born in the age of social media. They are much more industry ready than the previous generations, who joined their first job and honed their skills to perfection over the years. Nothing is constant in this rapidly changing ecosystem and it’s important that professionals equip themselves with knowledge and skills to stay relevant. The State of Working India 2019 report by Azim Premji University reported that urban women of … [Read more...] about Good grades will not get you a job. Skill yourself!
Never be afraid to take decisions because you fear making mistakes. Mistakes are good, says Anu Prasad.Photograph*: StockSnap/Pixabay.com They say leaders are not born. They are made. A great leader can inspire and encourage you to achieve success. To be a good leader, you will need to take the first step, be fearless and lead by example. Anu Prasad (pictured left below), founder-director, India Leaders for Social Sector, a Delhi-based non-profit organisation shares some of the key learnings she had in her career. 1. One can have many careers in a lifetime As a social entrepreneur, I am in my third career shift. From being a part of the corporate world to being a stay-at-home mom and then a social entrepreneur, my journey has been unconventional at best. I have learned that there is no one path to success but a mix of elements that include sheer hard work. You must be willing to start over from scratch, be open-minded to the learnings you will have along the way and be … [Read more...] about 10 tough lessons I learned as an entrepreneur