Level Up Magazine

Business2 years ago

We are all secretaries now

Cost-cutting has left workers drowning in ‘self-service’ admin tasks — but AI might come to the rescue…Read More

Military briefing: why Ukraine wants to neutralise Russia’s bases in Crimea

Business2 years ago

Military briefing: why Ukraine wants to neutralise Russia’s bases in Crimea

Kyiv’s strikes on assets in the occupied peninsula are crucial to its counter-offensive…Read More

Middle East on ‘radar’ of global investors as it enjoys IPO boom

Business2 years ago

Middle East on ‘radar’ of global investors as it enjoys IPO boom

Frenzy of activity across the region contrasts sharply with Europe’s moribund market…Read More

Sports2 years ago

Risto Dimitrov: Every Accomplishment Starts With The Decision To Try

The story about an iron man of martial arts, marathons, business, and coaching—Risto Dimitrov. When people have a dream, they pour every ounce of their...

Business2 years ago

Twitter’s Blue Subscription Earns $11 Million In Mobile Subscriptions, Sensor Tower Data Shows

As the revenue generated through the advertising model lowered, the well-known micro-blogging site Twitter introduced Twitter Blue as a premium membership service to diversify its revenue...

Business2 years ago

Yeti, A Popular Brand Recalls Nearly 2 Million Products Over Magnet Concerns

Due to a possible magnet detachment issue, the US Consumer Product Safety Commission has issued a recall for 1.9 million Yeti brand coolers and soft gear...

Amazon reportedly has put a break on its second headquarters construction. Three 22-story office buildings were scheduled to be built as part of Amazon's second headquarters in Virginia. However, Amazon has delayed the project. It's readily apparent that many people have been left feeling disappointed and upset after Bloomberg broke the news of the postponement. The first phase of the construction, called Metropolitan Park, is almost complete and will have the capacity to host around 8,000 employees when it opens in June. PenPlace, the second and larger portion, was supposed to start construction soon but has already been postponed indefinitely. This also applies to the Helix companion building, which has been postponed. Amazon states that the construction postponement is no wehre linked with job cuts. However, it's hard to not consider the recent layoffs, which impacted more than 18,000 people. Also, it is unclear if the Virginia employees were among those who lost their jobs in the layoff. Also Read: Why Critical Thinking Is A Must-Have Skill For Entrepreneurs It looks like Amazon has dedicated its resources to building office spaces more than the actual requirement. Amazon has also put the construction of other office spaces in Nashville and Bellevue on hold. On the other hand, Amazon’s Seattle office space remains vacant. Several other tech companies were also constructing millions of square feet of new offices, and Amazon was not the only one looking for the biggest tax incentives. Also Read: IMF Takes A Stance On Regulating Crypto Assets Amazon has pledged to create 25,000 employees at HQ2 by 2030 and maintains that this is still its long-term objective. Amazon is substantial and resilient enough to withstand the current storm and emerge stronger. After all, tax benefits are still available. The pandemic has undoubtedly transformed the way we work, and it appears that many internet firms, like Amazon, were unprepared for the transformation. For many, though, who hoped to gain employment from the new jobs that Amazon would bring, this delay is terrible news. It serves as a warning that mistakes may occasionally be made by even the biggest and most successful businesses. Yet all we can do is they will grow stronger in the future by taking their mistakes to heart.

Business2 years ago

Amazon Slows Down On HQ2 Construction In Virginia Amidst The Layoff

Amazon reportedly has put a break on its second headquarters construction. Three 22-story office buildings were scheduled to be built as part of Amazon’s second headquarters...

The International Monetary Fund (IMF) has unveiled a set of new regulations for crypto assets. After debating the "Elements of Effective Policies for Crypto Assets" paper, the IMF Executive Board proposed a framework to assist member countries in crafting a comprehensive, uniform, and unified policy response to crypto assets. The IMF claims that implementing this framework can assist decision-makers in reducing the risks that come along with crypto assets, while also maximizing the potential advantages of technological advancement. The framework doesn't constitute crypto assets as an official currency or legal tender; instead, it strengthens monetary policy frameworks to protect monetary sovereignty and sustainability. The IMF also stresses the importance of reducing unnecessary capital flow volatility, implementing a clear tax classification of cryptocurrency assets, and imposing prudential, conduct, and monitoring standards to all participants in the cryptocurrency market. To improve the administration and enforcement of laws governing crypto assets, the framework proposes a combined monitoring system including various domestic agencies and authorities as well as international cooperation arrangements. Also Read: Amazon Employees Required To Return To The Office Amidst Mixed Emotions IMF executive board directors emphasized that while the alleged potential advantages of crypto assets have not yet been shown, considerable concerns have developed from them. And therefore, to protect monetary sovereignty and stability, the directors largely concluded that crypto assets should not be given official currency or legal tender recognition. The executive board members of the IMF unanimously agreed on the need to design and apply comprehensive rules, including prudential and conduct regulation to crypto assets, and effective execution of the FATF standards," the IMF further stated. Also Read: Blue Origin’s “Blue Alchemist” Could Turn Moon Dust Into Solar Cells The majority of IMF directors acknowledged that targeted limits may be appropriate instead of full bans, depending on domestic policy goals and areas where authorities are constrained by capacity, notwithstanding the minority's suggestion of total bans on cryptocurrencies. For uniform execution and to prevent regulatory arbitrage, there must be strong synchronization between agencies on both the national and international levels. The IMF comes to the conclusion that it might be a major role player in future analytical work on the quickly developing realms of crypto assets.

Business2 years ago

IMF Takes A Stance On Regulating Crypto Assets

The International Monetary Fund (IMF) has unveiled a set of new regulations for crypto assets. After debating the “Elements of Effective Policies for Crypto Assets” paper,...

Why Critical Thinking Is A Must-Have Skill For Entrepreneurs

Business2 years ago

Why Critical Thinking Is A Must-Have Skill For Entrepreneurs

The ability of critical thinking influences how we see the world around us and how effective decisions we make. Making informed and correct decisions requires the...

Amazon Employees Required To Return To The Office Amidst Mixed Emotions

Business2 years ago

Amazon Employees Required To Return To The Office Amidst Mixed Emotions

Amazon has formally announced a new policy that requires employees to work from the office at least three days a week. The new policy will come...