I have heard some astonishingly stupid statements from politicians over the years, but Iran’s former labor minister Hojjat Abdolmaleki has managed to distinguish himself with an economic theory that belongs in an asylum rather than a university. Abdolmaleki, who served under former President Ebrahim Raisi and is supposedly a professor of economics, appeared on Iranian state television to explain that the country’s economy has no serious problems once you disregard inflation. He actually declared, “Set high prices aside and you have no other economic problems… We have no problems, praised be God.” Iran’s year-on-year inflation has reached an astonishing 89.8%,…
Author: Staff Writer
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Persuasion is the ultimate human advantage in the age of AI. As AI automates more tasks and takes over more jobs, the ability to sell your ideas and inspire others to act becomes increasingly valuable. Master three essential persuasion skills: emotional intelligence, storytelling and effective use of tone and body language to build trust and move people to action. When you layer these skills on top of the information AI provides, you can accelerate your career and thrive professionally and personally. The rise of AI is making younger and older…
While the neocons remain obsessed with Russia and Iran, President Erdogan has been steadily positioning Turkey to become the dominant military power in the Middle East. Reuters has now reported that Turkey is preparing to seek parliamentary authorization to deploy military personnel to Saudi Arabia under a new defense agreement with Saudi Arabia and Pakistan. This is an extraordinary development that deserves far more attention than it is receiving. Turkey is a NATO member with the alliance’s second-largest military by active personnel, yet it is now constructing a separate military arrangement in the Middle East that could fundamentally alter the…
Opinions expressed by Entrepreneur contributors are their own. “Just find a co-founder” is some of the worst advice we can give new entrepreneurs.A great co-founder can dramatically improve your odds of success. They can bring skills you don’t have, challenge your thinking, carry part of the load and help turn an idea into a real company. But the wrong co-founder can be far more dangerous than having no co-founder at all. The problem often starts in college. A few friends sit around talking about an idea. Everyone gets excited. Suddenly they’re business partners.I saw this firsthand when I invested in…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Burnout thrives in ambiguity. By all means, encourage your teams to use AI. But make your expectations clear, your processes transparent and your boundaries firm. When it comes to their AI use, leaders should codify best practices and make sure every employee understands when to use AI tools and how. If you’re finding yourself exhausted at the end of each day — mentally depleted, unable to do much more than scroll or stare at Netflix — you’re not alone. Heavy AI users are increasingly suffering from a phenomenon researchers are…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Founders naturally spend a lot of time planning for growth, but the part that often gets the least attention is when to grow your operations with it. Even the smartest founders wait too long to grow their systems, so don’t beat yourself up if you’re one of them. Read on to see exactly what building early looks like. One of the decisions that can determine whether a growing company scales smoothly or starts to strain has little to do with the product, the pitch or the funding round. It comes…
At a certain point in our lives, we’ve been to more games and concerts than we can remember, which is exactly the problem Cole Rubin wants to solve. His company, FanFeed, is “a place to see your live-event history, view content, access tickets, see what events your friends are attending and engage more deeply with the things you love.” And from the ticket-seller side, he says the AI-powered platform “lets your favorite team, artist or university know as much about your fandom as you know about them.” So fans get a living history of their fandom, while teams and artists…
Walmart has a new pitch? A joint Walmart+ and Sam’s Club Plus membership for $120 a year, according to CNBC. That’s nearly $100 off buying both separately. The combo deal includes Sam’s Club warehouse access, free delivery from both chains, a Peacock or Paramount+ subscription, gas savings and 2% Sam’s Club cash on eligible purchases. Shoppers who already belong to both can link their accounts to get the discount. Employees at both stores will also receive the joint membership as a benefit. “We’re giving people a reason to expect more from their memberships,” Walmart CEO John Furner said in a…
Key Takeaways Gina Mastantuono, president and CFO of software company ServiceNow, says CFOs can learn from how elite athletes approach their jobs. She said performing at a high level means making time for recovery, not just pushing harder. Her message challenges a stubborn corporate mindset that the more you work, the more committed you are. Working long hours and barely sleeping sets a poor example for the people you lead, even though the habits still pass for dedication in the executive suite, says one CFO. You may see an impressive work ethic, but your employees may just see an implied,…
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 545.82 points or 0.85% to 64,621.24 • Shanghai decreased 22.343 points or -0.60% to 3,713.028 • Hang Seng decreased 215.87 points or -0.90% to 23,651.87 • ASX 200 increased 14.40 points or 0.16% to 8,831.30 • SENSEX decreased 143.21 points or -0.19% to 73,709.69 • Nifty50 decreased 77.60 points or -0.34% to 22,811.35 The major Asian currency markets had a mixed day today: • AUDUSD increased 0.00254 or 0.36% to 0.70284 • NZDUSD increased 0.00099 or 0.17% to 0.56959 • USDJPY decreased 0.08 or…