5 Leadership Qualities that Make Women Great Leaders During Crisis


Amid the growing COVID-19 crisis, many articles have praised women leaders throughout the world for how they have and continue to navigate these difficult times. In fact, they have even suggested that women are simply better leaders – period. While gender should not be a factor in whether or not a person can be a great leader, the qualities female leaders are displaying are definitely worth noting. Here are five qualities strong women today are demonstrating that make successful leaders:

Women are empathetic

Many women are naturally empathetic and devote much of their time and energy into building and maintaining strong relationships. In turn, these experiences and relationships give them a greater understanding of what drives and motivates people. They also tend to be very in tune with how to acknowledge different people for their performance in an effective way. In a crisis, compassionate leaders tend to perform better, inspiring both loyalty and productivity. 

Women wear many hats

Most women are busy balancing their careers, households, marriages and families, among other things. They are masters at pivoting, adjusting and focusing on solutions. This ability to shift to positive solutions – treading the thin line between acting too soon and waiting

Cashies extends $150m deal | Business News


Cash Converters is claiming a solid balance sheet after it extended a $150 million securitisation facility, following a turbulent time for the payday lender.

The Perth-based business said the securitisation facility with Fortress Investment Group would have expired at the ended of 2020, but the term will now end in December 2022.

The finance facility was signed in 2016 and is against Cash Converters International’s small and medium contract loan books and auto loan book.

Chief executive Sam Budiselik said it was significant in the current economic environment.

It comes after a tumultuous period in Cash Converters’ executive suite.

In February, Brendan White resigned as chief executive officer, with the company saying in an ASX announcement it was due to family commitments.

That came just more than a year after Mr White was picked for the role, in late 2018.

Mr Budiselik was promoted from the role of chief operating officer, where he had served since 2017.

In March, chief financial officer Michael Murphy was revealed to be leaving the organisation in September.

The announcement came only four months after his appointment, in November 2019.

Business News understands he has already departed.

Mr Murphy was replaced by Leslie Crockett

Govt committed to reforms, make tax structure simple: FM on GST day


Finance minister on Wednesday said the government is committed to undertaking reforms to make the tax administration simple for the businesses, particularly the micro, small and medium enterprises (MSMEs).

In her message to taxmen on the fourth GST day, she said more efforts are needed to ease tax compliances for the businesses, while lauding the measures such as filing nil tax returns through SMS.

Sitharaman asked the tax administration, particularly that related to the (GST), to address the issues faced by India Inc. to enable them to compete on a global scale.

“We must foresee the issues faced by our business community and proactively address the same to enable them to compete on a global scale,” she said.

The finance minister said the tax administration, especially the GST one, will have a large role to play to meet the goal of ‘Atmanirbhar Bharat’, as set by prime minister Narendra Modi.

She said the much-needed economic growth could be ensured in the near future only through this proactivity.

“We must strive to make the tax administration so simple

Car makers rejig product portfolios as diesel, petrol prices near parity


For the first time in decades, diesel prices are now at parity with petrol because of structural changes such as oil price deregulation and recent increases in indirect taxes. With the introduction of Bharat Stage VI fuel norms from April raising the cost of vehicle ownership and the price advantage inherent in diesel cars no longer valid, automobile manufacturers are reworking their and marketing strategies in response.

The share of diesel vehicles sales in the overall passenger car industry has already fallen sharply — from a peak of 58 per cent in FY13 to 29 per cent in FY20 (in the fourth quarter of the latter, the share was as low as 15 per cent).

The country’s largest pa­ssenger car maker India Ltd responded early to the signals by an­nouncing it would exit diesel vehicles in April last year. Instead, it is focusing on CNG vehicles, says Sha­sha­nk Srivastava, executive di­rector, (marketing and sales), India. Sales of CNG vehicles have shown a compound annual growth rate of 15.5 per cent over the past five years, the company says.

In 2019-20, the company sold 106,443 units of CNG vehicles

Tesla Becomes Richest Auto Group As Detroit Giants See Sales Drop


Tesla engineered its latest coup Wednesday, becoming the world’s richest car company while two of Detroit’s old guard, General Motors and Fiat Chrysler, reported sagging auto sales amid the coronavirus pandemic.

Led by Elon Musk, Tesla has had its share of ups and downs, but shares have risen steadily since late 2019 as it met key production targets for its Model 3 car, with the automaker topping Japan’s Toyota in market valuation.

The company still sells only a fraction of the autos of the Big Three, yet it has captivated investors’ imaginations as a bet on the future under charismatic leader Musk, who has challenged conventional wisdom on CEO comportment while also trying to shift the industry away from combustion vehicles and towards electric cars.

Meanwhile, the lower sales at two of Detroit’s “Big Three” reflected the hit from coronavirus, which depressed auto demand for part of the quarter and prompted a shutdown of US auto production.

Both GM and FCA pointed to improving sales trends later in the quarter, although GM also said the recent spike in US coronavirus cases added to uncertainty.

Cox Automotive has warned of the possibility of a “cruel summer” for auto sales as the

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