UConn Today – The European Union will soon require thousands of large companies to actively look for and reduce human rights abuses and environmental damage in their supply chains. And although it’s an EU law, it will also cover foreign businesses – including American ones – that have operations in the region.
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Many global corporations will soon have to police up and down their supply chains as EU human rights ‘due diligence’ law nears enactment
The Conversation – The European Union will soon require thousands of large companies to actively look for and reduce human rights abuses and environmental damage in their supply chains. And although it’s an EU law, it will also cover foreign businesses – including American ones – that have operations in the region.
The European Parliament approved a draft of the new rules in June 2023, and now EU member states and the European Commission will negotiate to finalize the law, which is expected to begin rolling out in phases a few years from now
$100M Rehab of Hartford’s XL Center comes as cities spend big on arenas
Yahoo News – With $100 million budgeted for an overhaul of the XL Center set to start next year, consultants in the arena business say that Connecticut needs to spend big to just stay in the game as cities around the nation invest in major venues.
Ask the Experts – 2023’s Best & Worst Places to Rent in America
Wallethub – We ask Kristin Haseney: What tips do you have for a person looking to get the best value in an apartment?
Go to the property and see it for yourself whenever possible. Pictures and videos are great, but an in-person visit or tour will let you get a feel for the amount of space and any amenities that come with it.
New ‘Women in Finance’ Course Strives to Introduce More Women to the Industry
UConn Today – What student Madison Jolley ’25 (BUS) loved most about the new course “Women in Finance: Elevating Tomorrow’s Leaders’’ was talking to powerful and inspiring women.
“Many of the women I met were finance majors in college. Others were not, but had found their way into the financial sector,’’ she says. “Speaking with them broadened my perspective and my network.’’
“They wanted to support us with our career goals and to help us get internships,’’ says Jolley, who is new to the UConn School of Business. “I was very surprised by their generosity.’’
Ask the Experts – Car insurance in Connecticut
Wallethub – We ask Kevin McEvoy:What does it say about car insurance companies that so many have celebrity endorsers?
Car insurance companies, as well as all insurance companies, need to find ways to differentiate themselves from competition. This is not an easy thing to accomplish when the product is not something consumers enjoy thinking about or purchasing. Plus, products can appear so similar.
Data Shows UConn Alums Rank Among High Earners in Accounting, Finance, Law
UConn Today – UConn is among the top 20 public universities nationwide in which alumni who built careers in accounting, finance, and law earn more than peers who graduated from other institutions, according to data compiled by an organization that researches employment trends.
Ask the Experts – Best Low Interest Credit Cards
Wallethub – We ask Robert Bird: Does the definition of a “low interest” credit card change over time?
A low-interest credit card has a lower-than-average annual percentage rate of interest for the credit used. Low is a relative term, and can change over time as market rates for interest also change. For example, the Federal Reserve occasionally increases its interest rate on the federal funds rate, which is the interest rate for interbank lending. An increase in that rate in turn may cause interest rates on credit cards to rise as well.
Five CT malls have been sold in recent years. Why is there so much change?
New Canaan Advertiser – Four of Connecticut’s 10 largest shopping malls have sold in the past four-and-half years and a fifth is likely to change hands after being auctioned off this past week.
The recent online auction of the Crystal Mall in Waterford was just the latest shift in ownership of malls around the state. The winning bid was $9.25 million and the listing on Crexi, the commercial real estate platform where the online auction occurred, says the mall has been “sold subject to seller approval,” although the listing does not identify the buyer.
Marketing Professor Bill Ryan is Honored with Undergrad Career Mentor Award
UConn Today – Marketing professor Bill Ryan has been selected as the recipient of the Student Nominated Undergraduate Faculty Career Mentor of the Year for the 2022-2023 academic year. The award is presented to an individual who has exceled as a career mentor.