How Middle Market Companies Can Avoid a Liquidity Crisis | Powerful Strategies To Improve Your Communication Skills | Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks | China Finds Friends in Europe’s Far Right

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How Middle Market Companies Can Avoid a Liquidity Crisis - Harvard Business Review

Managers tend to think about liquidity as a finance issue, but in face the behaviors of the sales and operations team — and how they communicate and work together — can have a direct affect on a company’s cash position. To improve this working relationship, focus on aligning the teams, improving the quality of forecasts, map forecasts to the supply chain, and optimize for profitability rather than predictability. Following these steps can reduce a company’s working capital needs and increase earnings and cash flow.

This is no time to be caught short of cash, or long on inventory, or both: not when interest rates are double what they were a year ago and revolving credit is hard to find. Not when the International Monetary Fund projects that the world’s advanced economies will grow just 1.4% next year. Not when it’s harder than ever to predict and balance supply and demand, which were whipsawed by the pandemic and have not yet regained equilibrium. Not when the number of business bankruptcies, while lower than at the peak of Covid, is up 23% over last year.

Even short of bankruptcy, many otherwise viable companies could face a liquidity crisis caused by the combination of rising costs, pandemic-driven changes in customer behavior, lingering supply chain problems, uncertain sales in a wobbly business environment, and the nearly certain difficulty of finding short-term capital.

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Powerful Strategies To Improve Your Communication Skills - Forbes

Communication skills are arguably some of the most important to success and happiness in work and life. They are fundamental to connecting, relating, getting your point across, getting your needs met and supporting others.

But in an increasingly polarized world and one in which more happens at a distance, communication skills may be illusive or challenging.

Here are the best ways to improve communication skills today—and keep them fresh going forward.

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Exclusive: The banks that funded Elon Musk’s $44 billion Twitter deal may have a ‘sell-down letter’ to prevent them from breaking ranks - Fortune

Due to X’s terrible financial performance, Elon Musk now has an upper hand negotiating with the banks. But Fortune has learned that that three of the seven lenders that funded Musk’s deal to buy Twitter may have formed a group designed to protect themselves from the chaos that would be associated with a fire sale, according to a source familiar with the deal.

Because of the shocking deterioration in X’s finances since Musk took over in October of 2022, the lenders haven’t been able to sell the debt to investors as planned, and are stuck holding all of it on their balance sheets, this person explained. The only way they’ll unload the loans is by accepting deep discounts from such possible buyers as hedge funds and other customers for distressed assets. To fortify their position, Morgan Stanley, Barclays, and Bank of America, lenders that combined furnished almost 70% of the financing, have agreed to what’s known as a joint “sell-down letter” that expires on Jan. 15, the source told Fortune. Though all three banks declined to comment, and the exact details of the arrangement aren’t known, sell-down letters typically require that if one bank receives an offer for its loans, it can’t accept without giving the other members the right to the same deal on a pro rata basis.

That structure prevents the lenders from falling prey to a “divide and conquer” approach where shoppers set the banks against one another in an auction to the bottom.

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China Finds Friends in Europe’s Far Right - Foreign Policy

Test yourself on the week of Sept. 30: Slovakia votes, the EU announces an aid package, and police crack down in Iran.

International finance needs a new playbook for crisis as the bank convenes for its annual meetings.

China Brief: China Finds Friends in Europe’s Far Right

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