Define Countertrade

Countertrade

What Is Countertrade and the way will It Work?

Countertrade could be a form of reciprocal International interchange that product and services area unit listed for different commodities and services instead of money. In underdeveloped nations with skimpy interchange or credit capabilities, this type of international commerce is more and more widespread. Barter, counterpurchase, and offset area unit the 3 basic types of countertrade.

Explanation of Countertrade

Countertrade, in any type, permits countries with restricted access to liquid capital to trade product and services with different countries. Countertrade could be a element of a bigger import and export strategy that assures a nation with restricted native resources has access to essential product and raw materials. moreover, it permits the commerce country to sell its product and services on a much bigger worldwide market, fostering growth in its sectors.

Barter

Bartering is that the earliest kind of countertrade. it's the direct exchange of product and services of equal price while not the requirement for a monetary settlement. A trade is that the term for a bartering dealing. A bag of bonkers, as an example, could also be swapped for low beans or beef.

Counterpurchase

An bourgeois sells product or services to associate bourgeois underneath a counterpurchase agreement, and also the bourgeois commits to shop for extra things from the bourgeois among an exact timeframe. in contrast to bartering, exporters WHO sign into a counterpurchase agreement should sell the things they obtain through a commercialism business and can not use the commodities themselves.

Offset

In associate offset agreement, the vendor helps promote things created within the buying nation or permits a number of the assembly of the exported product to be done by makers within the shopping for country. this is often a frequent technique within the part, defence, and infrastructure industries. For larger, dearer things, compensatory is additionally a lot of typical. Industrial involvement or industrial collaboration area unit different terms for associate offset agreement.

Other Countertrades Exercisables

A counterpurchase is once a firm sells product and services to a corporation in another nation in exchange for a commitment to shop for an exact product from a similar company therein country within the future.

When a corporation develops a producing facility in an exceedingly country—or offers technology, equipment, training, or different services to the country—it agrees to require a share of the plant's production as partial payment for the contract.

An offset could be a countertrade arrangement during which a firm compensates a rustic for a future hard cash purchase of associate covert product.

Compensation trade could be a style of barter during which one in every of the flows is paid for the opposite.

TAKEAWAYS necessary

• Countries with restricted access to liquid capital may use countertrade to exchange product and services with different countries.

• Bartering is that the earliest kind of countertrade.

• Countertrade encompasses a variety of benefits, one in every of that is that it aids within the preservation of foreign cash.

• Complex discussions, multiplied expenses, and provision challenges area unit all common downsides of countertrade.

Advantages and downsides

Countertrade encompasses a variety of benefits, together with facilitating the conservation of foreign currency, that is vital for cash-strapped countries, and providing an alternate to ancient funding, which can not be on the market in poor countries. different benefits

Lower state, multiplied sales, improved capability exercise, and simple entrance into troublesome markets area unit simply some of the advantages.

One of the key disadvantages of countertrade is that the worth proposition will be unpredictable, particularly once the things being swapped have high worth fluctuation. complicated discussions, maybe multiplied expenses, and provision challenges area unit a number of the opposite downsides of countertrade.

Furthermore, the interaction of the activities with varied trade policies may be a supply of worry for open-market operations. Opportunities for trade development, additionally as ever-changing terms and circumstances obligatory by rising countries, might end in market discrimination.

EUR USD Forecast Technical Analysis

 Outside of the descending regression channel that dates back to late June, the EUR/USD is trading sideways. However, the Relative Strength Index (RSI) indicator on the four-hour chart continues to be considerably below 50, indicating that buyers are still holding back.

In the ascending direction, 1.0050 (20-period SMA) aligns as immediate resistance before 1.0080 (static level), 1.0100 (psychological level), and 1.0120 (50-period SMA).

0.9950 (static level, low from July 14) and 0.9900 could be the targets if the pair reverts to trading below parity within the falling channel (psychological level).

After plummeting to its lowest point in over 20 years at 0.9952 on Thursday, the EUR/USD managed to launch a comeback and remained above parity throughout the European session. The pair is still at the mercy of the value of the dollar, and it is likely to come under fresh bearish pressure if investors begin to bet on a 100 basis point rate hike in July following the US data.

Christopher Waller, the governor of the Federal Reserve, warned on Thursday that markets may have anticipated too much when they priced in a 100 basis point (bps) rate increase for July following the inflation report. Investors cut back their expectations for retail sales and housing data, despite Waller's additional comment that he would tilt toward a larger-than-75 bps rate increase.

The chance of a 100 bps rate hike at the next meeting is currently about 50%, according to the CME Group FedWatch Tool, down from around 90% on Thursday during European trading hours.

After a 0.3 percent fall in May, the US Census Bureau will announce June retail sales statistics later in the day. These figures are anticipated to grow by 0.8 percent on a monthly basis. A stronger-than-expected result might lead to another dollar spike and pressure on the pair, since Waller expressly cited this data on Thursday.

The Consumer Sentiment Survey from the University of Michigan (UOM) will also be discussed on the US economic docket. In the flash estimate for July, the headline Confidence Index is anticipated to drop to a record-low 49.9. The inflation expectations component over the next five to ten years will be closely watched by market participants. Long-term expectations decreased from their mid-month reading of 3.3 percent and settled at 3.1 percent, returning to the 2.9-3.1 percent range seen over the previous ten months, the UOM said in June. Therefore, a reading above 3.1% might increase the likelihood of a 100 basis point rate hike in July and help the dollar close the week on a strong note. However, a reading within the 10-month range would make it challenging for the dollar to find demand and support. EUR/USD

What Did Howie Mandel Do On Tiktok? - Deleted Howie Mandel Video

In addition to a video published by Howie Mandel sparking controversy, a video of jasminewhite403 went viral. She was well-known on several platforms, but now that she posted a video of herself eating raw meat, she has been blacklisted. People are interested in learning more about this girl because she became well-known after posting offensive things on social media. If you've ever wondered what kind of video on the internet went viral. In the following section, we go into more depth regarding this popular video. Let's look at it now. Visit UptoBrain.com for additional updates.

What Is Jasminewhite403's Name?

Popular TikTok celebrity, she shared a lot of hilarious things on her channel, but one video fundamentally altered her life. Additionally, she had posted a questionable video on her account. She also worked in digital marketing and conducts business transactions to make money. She also provided her followers with business strategies. However, she offended the sensibilities of the public when she posted a video showing her eating raw meat, and when Twitter learned about this, they removed her from the social media site.

Just who is Howie Mandel?

He performs as a comedian and host in addition to writing, producing, and writing for the big screen. He was born in Willowdale, Ontario, and he also had the opportunity to appear on the most well-known programme, America's Got Talent. He currently hosts the game show Deal or No Deal. In terms of his private life, he is married to Terry Mandel, and the couple has three children: Riley, Alex, and Jackie. He received a star on the Hollywood Walk of Fame on September 4, 2008, and he also made the top 100 comedians list.

Howie Mandel Deleted Video?

If you're curious about how she and Howie Mandal are related, he released a similar video before later removing it. As she released an improper video of herself, the judge of AGT also did the same on Twitter, sharing a video of rectal prolapse that occurred to one of his friends and asking the public about his friend's COVID condition. But he eventually removed that video to escape the backlash. Keep checking back for more of the most recent news and details on entertainment, science, and other topics.

The Best Gold IRA Companies

 It's crucial to check for gold IRA firms that have received top marks from a number of rating agencies before making your selection. The BBB and BCA are two of these. Most complaints about a gold IRA company are sent to these two organisations. To determine whether a business satisfies the requirements for a high ranking, customers can publish evaluations about it. Four businesses have received excellent reviews from all three organisations.

Patriot Gold

Patriot Gold is the appropriate option for people who want to diversify their retirement savings. Its staff of investing experts is made up of seasoned veterans with a wealth of knowledge regarding the gold and silver markets. A well-known investor like Andy Johnson, for instance, has assisted clients in managing trades and company totaling more than 140 million dollars. He even refers to his customers as "dear friends" and invites them to become a part of the Patriot Gold Group family.

Patriot Gold Group is another gold IRA business to research. This organisation provides a precious metal IRA policy with no costs for the rest of your life, complimentary gold coins, and a website for client education. Even better, their website features a series of video blogs that explain to prospective investors why it's crucial to avoid investing in gold and silver. You can invest with their self-directed IRA programme starting at just $500, and they have a no-fee buyback policy. Additionally acceptable are rollovers from IRAs and 401(k)s.

Regal Assets

Regal Assets is one of the most innovative and creative businesses in the precious metals sector, and investing in precious metals is a terrific method to increase wealth. In fact, the business is one of the first providers of gold IRAs to give customers the option of investing in cryptocurrencies. The company's objective is to give customers access to a wealth management solution that enables them to invest in both gold and cryptocurrencies. Customers may get a FREE Physical Gold and Crypto IRA Investment Kit from Regal Assets, which comes with two DVDs and five books, to make investing in these cryptocurrencies more accessible. A free membership to Forbes magazine is also available.

How responsive the employees are to consumers is another quality of an excellent gold IRA business. The company's customer service is highly regarded and obtains a high grade despite the fact that Trustlink has over 1000 user ratings. This is probably because it takes two weeks to confirm each and every testimonial. Visit BirdEye, a website that compiles customer reviews, as an alternative if you want to read more user feedback. They receive a 4.9/5 rating on average from their clients.

Augusta

Augusta Gold offers precious metals IRA accounts for anyone interested in investing in gold and silver. These assets can be utilised to withstand losses in other asset classes as they provide a sizable value buffer. Their highly qualified professionals strive to inform customers and assist them in achieving financial independence. Although buying gold and silver with IRAs has many benefits, there are certain considerations for customers. Some of the most significant advantages of these investments will be described in this article.

A family-run business that specialised in gold and silver IRAs is called Augusta Precious Metals. In addition to assisting you in protecting your assets from market volatility, it is committed to offering outstanding customer service. It is simple to select the one that best suits your needs because this firm offers a wide range of goods and services. By purchasing gold or silver, you'll be able to save money while also benefiting from the peace of mind that comes from knowing that you are supported by a trustworthy firm.

This Week in Apps: Google battles KakaoTalk, Twitter deal in jeopardy, FTC asked to investigate TikTok

 The weekly TechCrunch feature This Week in Apps reviews the most recent developments in mobile OS news, mobile applications, and the app ecosystem as a whole.

According to the most recent year-end statistics, the app market will continue to expand, with a record amount of downloads and consumer expenditure across the iOS and Google Play stores combined in 2021. According to App Annie, global spending on iOS and Google Play will reach $135 billion in 2021, and when its annual report, which includes third-party app stores in China, is released the following year, the amount will probably be higher. According to the study, consumers installed about 140 billion new apps this year, 10 billion more than in 2020.
Apps are a significant business in addition to being a method to kill time. Enterprises with a mobile emphasis were valued at $544 billion as a group in 2019, which is 6.5 times more than non-mobile companies. Investors invested $73 billion in mobile enterprises in 2020, a 27 percent increase from the previous year.

With the most recent information from the world of apps, including news, updates, startup fundings, mergers and acquisitions, and much more, This Week in Apps provides a means to keep up with this rapidly changing business in one location.

Elon says he’s killing the Twitter deal

The bird app buyout could be off, if Elon Musk has his way.
The termination of the merger deal was announced by Musk's legal team to Twitter on Friday. According to their letter, Twitter allegedly made false and deceptive statements regarding the state of its business. This obviously alludes to the controversy Musk had been creating regarding the service's projected bot usage rate, which Twitter claims to be less than 5%. Musk had already pressed Twitter for further details on this statistic, and Twitter gave Musk's team access to the API so they could determine it for themselves.

However, the letter claims that this API access was restricted and constrained, making it impossible for the team to adequately examine Twitter's data with reference to bots. (Which makes Musk's assertions that the number of bots is bigger than Twitter claimed it to be difficult to verify!) Additionally, according to Musk's attorneys, Twitter didn't follow a standardised procedure for determining its mDAUs or the percentage of bots, and it included known phoney and bot accounts in its mDAUs. Even if the arguments were convincing—which is impossible to say at this point—they prevent Musk from simply walking away.

As Musk has already signed the contract, the dispute will now proceed to court, where Twitter claims it intends to enforce the agreement at the agreed-upon price and terms. Additionally, Musk will be required to pay a billion dollars as a termination fee even if both sides agree to end the agreement.

It's unlikely that "bots" are the real cause of Musk's attempt to terminate. Because he is aware that he overpaid. What had previously appeared to be a reasonable deal (at $54.20 per share) rapidly turned out to be an overvalued deal in a macroeconomic context when tech stocks were sinking. Twitter's stock hasn't reclaimed the agreed-upon price since the announcement of the agreement; in fact, it recently dropped as much as 28 percent below Musk's offer price. Musk might be hoping to have a chance to negotiate a better price by pushing the transaction into the legal system. But it's not a given that will happen.

Google blocked KakaoTalk for not following its rules
FTC asked to investigate TikTok

This week, Google made clear that it intends to uphold its new Play Store policies on in-app purchases, regardless of the fact that the developer is a $1.5 billion tech powerhouse with the top app in its region. According to local media reports, the Korean business that created the well-known South Korean mobile messenger KakaoTalk was banned from updating its app due to its violation of Google Play's restrictions. This would be the first instance in which Google would put into effect its new Play Store guidelines about how apps can direct customers to their own websites for alternative payment methods.

The "anti-Google law" in South Korea, which governs in-app purchases, allows Google's app developers to include third-party payment methods alongside their own, but only under certain conditions. However, it does not allow app developers to provide links that let users completely avoid Google's paying system. KakaoTalk is continue to carry out that action.

Failure to abide with Google's standards could result in the complete removal of an app from the Play Store. Google hasn't gone that far yet; it has only prevented the business from releasing updates. However, this is still a severe punishment that is intended to compel the app to act.

Businesses don't like how Google complied with the country's new rule because Google isn't allowing them to avoid fees as they had intended, simply providing a reduction on commissions paid for those using third-party payments. Google announced on April 1 that all apps must either use its own payment system and pay the customary 15–30% in commissions, or they can use a third-party system in exchange for a 4–% savings on those costs.

Google and Kakao met with the Korea Communications Commission (KCC) on Thursday to discuss the situation. After then, Kakao gave in and decided to comply with Google's guidelines by removing the web link to the third-party payment system. Analysts theorised that Kakao's earlier refusal to take down the link was simply an effort to draw authorities' attention to the situation, showing how Google had complied with the letter but not the spirit of the legislation. Since most apps were already in accordance with the rule and the KCC was looking into how it was being applied, Google had not yet taken any disciplinary measures.

Approximately 53 million+ individuals use the Kakao Talk messaging app each month, making it one of the most popular social apps in the nation.

Members of the Senate Intelligence Committee have requested that the FTC look into allegations that TikTok misled Congress over ByteDance workers' access to U.S. users' data. Senators Mark Warner, a Democrat, and Marco Rubio, a Republican, who serve as the committee's head and ranking member, have asked FTC Chair Lina Khan to conduct additional research to determine whether TikTok may have lied to Congress about how it manages user data.

This demand comes in response to a BuzzFeed News investigation that showed ByteDance personnel in China were regularly accessing American data as late as early 2022, despite prior assurances from TikTok to the opposite. In response to the BuzzFeed story last weekend, TikTok wrote to Republican Senators to reassure them that it is working on a project named "Project Texas" to enhance data security for users in the United States.

The letter demanded that your organisation "immediately initiate a Section 5 investigation on the basis of apparent deception by TikTok" and "coordinate this work with any national security or counter-intelligence investigation that may be initiated by the U.S. Department of Justice" in light of the "new report."

Recently, TikTok has come under further pressure. On June 24, six senators wrote to the Treasury Department requesting information on the discussions between TikTok and CFIUS, which would have led to Trump's EO banning the TikTok app in the United States. On June 28, Brendan Carr, an FCC Commissioner, sent a letter to Apple and Google asking them to remove TikTok from their app stores due to "its record of sneaky data abuses."

End of a chapter at Theranos: What's next for former top two executives

In January, Elizabeth Holmes made history by becoming the first Silicon Valley entrepreneur to be found guilty of fraud related to her tenure as the CEO of the failing blood-testing company Theranos. Ramesh "Sunny" Balwani, her ex-boyfriend and former second-in-command, was also found guilty of fraud on Thursday by a different jury.

Their consecutive trials, which lasted over a year, marked the end of a startup that gained notoriety and a $9 billion valuation on the promise of revolutionising blood testing but instead turned into a cautionary story for digital entrepreneurs and businesses.

The focus now shifts to their upcoming sentencing hearings, with Holmes' scheduled for late September and Balwani's for mid-November, which will occur weeks apart from one another.

The former couple were initially charged jointly with the same 12 criminal offences four years ago, alleging that they had misled patients and investors about Theranos' capabilities and business practises in order to obtain money.

Their cases were dropped when Holmes made it clear she wanted to charge Balwani with assaulting her physically, emotionally, and mentally throughout the course of their ten-year relationship, which coincided with her time as the company's CEO. Through his counsel, Balwani has vehemently refuted the accusations.

Holmes' emotional testimony about the alleged abuse was mostly disregarded by the jury since it was deemed irrelevant to the counts she was facing, although the matter may be taken into consideration in

Holmes and Balwani each face a maximum sentence of 20 years in prison, a $250,000 fine, and restitution on each offence. However, legal professionals assert that receiving the full amount is extremely uncommon. It's also possible that any prison time imposed as a result of the charges will be served consecutively.

No one ever receives the maximum punishment allowed under the charge, according to Nancy Gertner, a retired US federal judge and senior lecturer at Harvard Law School. She added that some judges choose to give restitution a higher priority than jail time. "That doesn't happen as frequently now because it can seem like someone is buying their way out of jail, but it still happens occasionally,"

Holmes and Balwani's destinies will finally be decided by Judge Edward Davila, who presided over both of their trials, using sentence standards as a guide. Judge Davila will take into account a number of things, including the sum of money that was intended to be scammed. For instance, the total amount of the wire fraud accusations against individual investors was over $154 million.

The probation agency investigates each of the former executives between their convictions and their scheduled sentencing dates to provide a comprehensive look at their past, from their families to their finances, as well as their crimes, which will help the judge determine a sentence. The nature of Holmes' connection with Balwani, who is about 20 years her elder, and other factors, such as their psychological histories or any trauma, may also play a part in this. Additionally, Holmes and Balwani will be allowed to each submit a sentencing memo in which they will argue to the judge why they should receive a light sentence.

White collar defence expert Rachel Maimin, a partner at Lowenstein Sandler LLP, told CNN Business that "the offence itself is simply one aspect in the sentencing." "It's a crucial consideration, but it's not the only one. Each of them will be evaluated based on their own deeds and past experiences."

Both Holmes and Balwani were ultimately convicted guilty by separate juries, but they reached opposite conclusions.

Holmes, who left Stanford at the age of 19 to work at Theranos in 2004, was convicted on four counts of misleading investors. She was cleared of charges relating to patients, though, and the jury was split on three counts of misleading certain investors. (One patient-related charge was withdrawn as a result of an error by the prosecution.)

Balwani was found guilty on all 12 charges, which included 10 counts of federal wire fraud and two counts of conspiracy to commit wire fraud. Balwani assumed a formal position at Theranos in 2009 and controlled important components of the company, including its lab that processed patient testing.

Holmes has a $500,000 property-secured bail, and Balwani has a $750,000 bond, both of which are currently free on bonds.

Later this month, a hearing will be held on Holmes' motion for acquittal.

Attorney Jeffrey Coopersmith of Orrick, Herrington & Sutcliffe, who represents Balwani, said in a statement on Thursday that the defence is looking into potential legal strategies to challenge the verdict.

Ford Recalls Vehicles Due to Under-Hood Fire Risk

 A risk of under-hood fires has reportedly prompted Ford Motor Co. to recall 100,000 vehicles, including some Escape and Lincoln Corsair SUVs and some Maverick light pickups. Additionally, it is extending a previous recall of the Expedition and Lincoln Navigator SUVs due to a different issue that has the potential to start fires under the hood even while the affected cars are parked and off.

According to media sources on Friday, the new recall affects certain Escapes, Lincoln Corsairs, and Mavericks with 2.5-liter hybrid or plug-in hybrid powertrains because they have a defect where, if the engine fails, fuel and oil vapour might spill onto hot parts and catch fire.

According to reports, starting on August 8, Ford will notify owners of the impacted Escapes, Lincoln Corsairs, and Mavericks, and Ford dealers will fix the issue by installing modifications that reduce under-hood temperatures to a safe level. According to reports regarding the current recall from the company, there have been 23 complaints of fires that started while the engines were running, but no casualties.

Ford said in a release on Friday that owners of the impacted Expedition and Lincoln Navigator SUVs should park them outside and away from buildings as part of the widening of the earlier recall. The business reported receiving 21 instances of under-hood fires, five of which occurred after the previous recall. It claimed to be informed of a single injury report.

You may check the status of your vehicle's recall on pages provided by both Ford and the National Highway Traffic Safety Administration.

Over 66,000 Expedition and Lincoln Navigator SUVs produced between July 27, 2020, and August 31, 2021, are included in the expanded recall of the previous model. Just over 39,000 Expedition and Lincoln Navigator vehicles with a 2021 model year and manufacture dates between December 1, 2020, and April 30, 2021 were included in the earlier Ford SUV recall, which took place in May.
Ford claims to have located the problem's root cause with the Expedition and Lincoln Navigator vehicles.

According to a press release from the corporation, "the source of these vehicle fires can be connected to a change in manufacturing location by a supplier during the COVID-19 outbreak." The Expedition and Navigator SUVs manufactured during the recall window had printed circuit boards installed in them that were "uniquely susceptible to a high-current short."

The business stated that it anticipates parts to be accessible for a repair to start in early September. It claimed that it started notifying clients about the repair on Friday.

Ford could not be reached right away for further comment.