Business Sphere

6 Best Countries to live in.

- By Our Correspond­ent

If you want to open a business in Europe or thinking about attracting foreign direct investment, the United Kingdom has secured a good spot in the bucket list of successful

London, United Kingdom

entreprene­urs. The World’s bank’s ease of doing business ranking 2020 shows the UK continues to be one of the best places to do business in the world.

The UK has a partially regulated market economy.Based on market exchange rates, the UK is today the fifth-largest economy in the world and the second-largest in Europe after Germany.

HM Treasury, led by the Chancellor of the Exchequer, is responsibl­e for developing and executing the government's public finance policy and economic policy. The Bank of England is the UK's central bank and is responsibl­e for issuing notes and coins in the nation's currency, the pound sterling.

Banks in Scotland and Northern Ireland retain the right to issue their own notes, subject to retaining enough Bank of England notes in reserve to cover their issue.

The pound sterling is the world's third-largest reserve currency (after the US dollar and the euro). Since 1997 the Bank of England's Monetary Policy Committee, headed by the Governor of the Bank of England, has been responsibl­e for setting interest rates at the level necessary to achieve the overall inflation target for the economy that is set by the Chancellor each year.

For the novice business owners, setting up the business in Norway is quite safe and easy. The overall business context of this place is constitute­d by the corporate environmen­t, legislatio­n, government policies, social climate, and conditions. Thus all these contexts enabled private-sector activities from starting, operating, and expanding, both in the short and long term. Norwegians enjoy the second-highest GDP per-capita among European countries and sixth highest in world.

And last but not least, the country which has been ranked in the 10th position out of 190 countries as per the World Bank’s Ease of Doing Business Survey for 2020 is. When it comes to registerin­g property, Sweden ranked (9th), for resolving insolvency on 17th, and getting electricit­y on the 10th. Sweden is the sixteenth-richest country in the world in terms of GDP (gross domestic product) per capita and a high standard of living is experience­d by its citizens. Sweden is an exportorie­nted mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. Sweden's engineerin­g sector accounts for 50% of output and


exports, while telecommun­ications, the automotive industry and the pharmaceut­ical industries are also of great importance. Sweden is the ninth-largest arms exporter in the world. Agricultur­e accounts for 2% of GDP and employment. The country ranks among the highest for telephone and Internet access penetratio­n.

Therefore, every business owner wants to choose the best location for setting up their business. Because the core aim of every entreprene­ur is the freedom to do business.

Investors are focusing on what the new year could bring for the market and economy, as 2020 winds down with stocks near record highs.The market could hit some rough going early in the year, with coronaviru­s cases rising and hospitaliz­ations now at record levels. But strategist­s expect stocks to go higher as the vaccine helps lift the economy starting in the second quarter.

The stock market appears set on rising into 2021 — a year expected to see some return to normalcy, above trend economic growth and a higher stock market, according to Wall Street strategist­s.

Now, after a third-quarter earnings report that smashed estimates and with the company moving into the prescripti­on drug-delivery market, is Amazon stock a buy? Amazon thrashed the brickand-mortar retail model with its e-commerce business. It put fellow tech titans to shame when its thirdparty web hosting unit set the standard for a new cloud computing model. Now it's taking on the nearly $4 trillion health care market, which could keep Amazon stock growing for years — if it succeeds. Amazon faces a health care industry


that's primed for disruption once the coronaviru­s passes. If Amazon can deliver cheaper or more efficient services, the potential is enormous for fueling its growth engine — and by extension Amazon stock.

The launch of Amazon Pharmacy will offer Amazon Prime members discounts of up to 80% on generic drugs and 40% on brand medication. As the coronaviru­s sp read shutting down businesses and forcing consumers to shelter at home. Amazon was well-positioned the shifts in consumer behaviors companies conduct business. However, Amazon also has racked up some large expenses as a result of Covid-19. It expects to spend roughly $4 billion on Covid-related costs in the fourth quarter.While third-quarter revenue and earnings came in well above Wall Street estimates, Amazon stock dropped in reaction to the report.

was once considered a slow-growth tech stock. But over t quadrupled as CEO Satya Nadella's off.

Microsoft's business also remained resilient through the pandemic this year, as the growth of its cloud, gaming, and consumer-oriented from remote work and stay-at-home measures -- offset the weaker growth of its enterprise-facing ones. Investors might be tempted to take since Microsoft's stock now looks historical­ly expensive at 33 times forward earnings. But before cashing out, investors should realize that three catalysts could still generate fresh growth next year.

That's why Microsoft's "commercial cloud" revenue, which mainly comes !# Azure, and its Dynamics CRM (customer relationsh­ip management) platform, grew 36% to over $50 billion (or more than a third of its top & *+*+/

2 quarter of 2021, as its commercial cloud revenue increased another 31% year over year to $15.2 billion. Analysts expect Microsoft's revenue and earnings to rise by 11% and 17%, respective­ly, this year. Microsoft's stock might not seem like a bargain right now, but its strengths arguably justify its higher valuation.

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