Algeria Opens Door to Larger Foreign Role in Mining Projects
Algeria's parliament approved legislation allowing foreign companies to own as much of 80% of mining projects, a step change for the OPEC country seeking to diversify its economy.
A majority of lawmakers in attendance voted in favor of the new law on Monday. Authorities say it will streamline the investment process, boost extractive industries and allow the North African nation to trim billions of dollars worth of costly imports.
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Yahoo
35 minutes ago
- Yahoo
Mission Wealth Reinforces Commitment to Women Investors with Expert-Led, Inclusive Financial Guidance
SANTA BARBARA, Calif., June 16, 2025 /PRNewswire/ -- Women are increasingly becoming financial decision-makers, controlling more than $14 trillion in personal wealth—a figure expected to double by 2030. Yet despite their growing economic power and proven investing strengths, many women still report feeling underserved or overlooked in traditional financial advisory relationships. At Mission Wealth, that gap is one the firm is deeply committed to closing. As the firm celebrates its 25th year of service, Mission Wealth continues to empower women investors through thoughtful, personalized financial planning that honors their goals, values, and life journeys. This focus reflects not only the firm's dedication to inclusive service but also its belief that better financial outcomes are built on education, empathy, and trusted partnership. Through decades of working closely with women navigating transitions, milestones, and legacy planning, Mission Wealth has developed a deep understanding of the unique challenges women face and the powerful instincts they bring to wealth management. With a growing team of female advisors—known as the Women on a Mission—the firm brings both perspective and partnership to women seeking to feel more confident in their financial decisions. "Whether our clients are working with male or female advisors, our focus is always the same: deliver compassionate, customized advice that puts their priorities first," said Dannell Stuart, President and Partner at Mission Wealth. "Our entire team is trained to support women through education, clarity, and connection." A Practical Guide for Women Building Confidence in a Complex Market As part of its long-standing commitment to supporting women investors, Mission Wealth is offering a complimentary download of its Women Investor Guide: How to Harness Your Investment Strengths. This resource was created to help women embrace their financial intuition and overcome common biases that may hold them back from making empowered decisions. Inside the guide, readers will find: Tips for overcoming the "confidence gap" and other common behavioral biases How to align investments with personal goals, timelines, and values Actionable steps to take ownership of finances, especially during transition periods like widowhood, divorce, or retirement Insights on building a financial team that reflects women's longer lifespans, evolving needs, and desire for partnership "Women control a growing share of this country's wealth, yet many still feel pressure to 'get it perfect' before they act," said Mary Voll Miller, Partner and Senior Wealth Advisor in the Austin, Texas area. Miller is also a member of the Women on a Mission team. "We want every woman to feel equipped and supported as she builds her financial future." Women nationwide are invited to download the free guide and schedule a complimentary consultation with a Mission Wealth advisor to explore their unique needs and opportunities. Download the Women Investor Guide Schedule a free consultation About Mission WealthSince 2000, Mission Wealth has been a nationally recognized Registered Investment Advisor (RIA) dedicated to serving over 4,150 valued clients and families and managing assets exceeding $11.5 billion across the United States. For comprehensive information about Mission Wealth's core values and services, please visit or contact us at 805-516-5187 for a complimentary consultation. Follow Mission Wealth's Growth: LinkedIn | Instagram | YouTube MISSION WEALTH IS A REGISTERED INVESTMENT ADVISOR. ALL RIGHTS RESERVED. 00760397 06/25 View original content to download multimedia: SOURCE Mission Wealth Management, LP Sign in to access your portfolio
Associated Press
an hour ago
- Associated Press
How Nest turned a $24,000 idea into a global movement supporting women artisans
In 2005, Rebecca van Bergen was a graduate student in social work at Washington University when she won $24,000 in a school innovation contest. That seed money sparked the creation of Nest Inc., a nonprofit that empowers women artisans globally by providing training, funding, and market access. From its modest beginnings, Nest has grown into a force in the artisan economy. It now supports creators in 125 countries and 47 U.S. states, helping women transition from informal craft work to sustainable business ownership. Nest's network includes around 3,000 handcraft businesses and has reached more than 345,000 entrepreneurs — mainly women — with grants and coaching on skills like pricing and financial management. 'Most people still have an aunt or grandmother who knits or crochets or made them clothes,' van Bergen said. 'It's still pretty deeply embedded in our societies. It's income-generating, and it also preserves cultures.' Van Bergen's first break came in 2010 when Nest partnered with FEED Projects, fashion designer Lauren Bush's social enterprise. That relationship opened doors to collaborations with Amazon, Etsy, and West Elm. Over the years, Nest's mission has attracted support from funders like the Oak and Moody's foundations — as well retailers like Tory Burch and now totaling 25 companies, which purchase and sell the artists' goods. From an initial team of two, Nest has grown to 33 staff members, with net assets of $6 million and annual revenue of $7.2 million in 2025 — nearly double its 2019 revenue. It doesn't take a cut of artisan sales, relying instead on grants, program service revenue, fundraising events, and individual donations. The organization has received more than $10 million in grant funding since 2017, according to tax information from Cause IQ, which collects nonprofit data. Domestic expansion In recent years, Nest has expanded domestically, providing funds and training artists in all but three U.S. states. Among the artisans is Stef Ratliff, who was born and raised in the coalfields of eastern Kentucky. She creates custom pottery and art through her KYARTRAT business. Though she had painted trophies for the Americana Music Awards for more than a decade — and created a custom guitar for Grace Bowers at this year's Grammys — Ratliff struggled to run a sustainable business until joining Nest and working as a community manager identifying Appalachian artists. 'I did a business consultation program with them (that) focused on marketing,' she said. 'It taught me I can make the greatest pot or painting of all time, but if I don't present them in the right light, no one is going to see them properly.' Working with Nest and connecting to Etsy through a joint program called Uplift Makers was fundamental to setting up an Etsy shop for KYARTRAT, Ratliff said. 'We're all reaching new customers through Etsy,' she said, referring to Nest's eastern Kentucky group of 100 artisans. 'That's huge for Appalachia,' Ratliff said. 'I would never have thought to sell my pottery through Etsy because I felt like a lot of people don't really care about southern stories and Appalachian stories. I didn't think they really cared about history.' Preserving craft, creating markets Nest's mission is rooted in van Bergen's own experience watching her grandmother and great-grandmother sew and quilt. The organization focuses on traditional crafts like basket weaving, ceramics, and candle-making, which are both income-generating and culturally meaningful. Globally, the handcraft market is valued at $906.8 billion and a vital source of employment, especially for women, according to the data service Research and Markets. Nest helps artisans tap into this market by connecting them to brands like GAP, Ralph Lauren, Target, and Amazon. In 2021, Nest partnered with Etsy to launch the Uplift Makers Program to support six heritage craft communities, including Gullah basket weavers from South Carolina, quilt makers from the Gee's Bend area of Alabama's rural Black Belt region, Afghan refugee craft business owners throughout the United States, Indigenous artisans from the United States and Canada, artisans from Oaxaca, Mexico, and craft makers from Appalachia. Etsy supported the Gee's Bend quilters with a $50,000 grant and has since helped over 140 U.S. artisans generate more than $1 million in sales. Recently, Nest received a $300,000 grant from the Mastercard Impact Fund to bolster its work with Appalachian artisans. Meeting the moment Nest has adapted to economic shifts and policy changes over the years. During the pandemic, it prioritized financial literacy and business development. Now, it's monitoring global trade policies — like tariffs — that could affect both artists and their retail partners. Nest intentionally chose not to pursue microlending, which was popular among development groups in the early 2000s but sometimes left borrowers in debt. Instead, the organization focuses on partnerships with groups like Indego Africa, which works with over 700 artisans in Ghana and Rwanda. That partnership has helped connect Ghanaian craftswomen to retailers like Tory Burch, which sells their hand-woven straw tote bags for close to $500. 'Those partnerships are super valuable, both to us and to our partners, because the size of those orders tends to be quite large. It could be anywhere from 300 items to 1,500 items,' said Sara Wohlers, Indego Africa's director of marketing and communications. 'That creates a lot of consistent work for our partners, and consistent income.' Empowering rural U.S. artisans As Nest shifts to more U.S.-focused work, it is helping women who face similar economic barriers. Among them is Cynthia Main, a Kentucky-based woodworker who has participated in Nest's Makers Future Fund, a program that provides professional coaching with a $5,000 grant. Main owns Sunhouse Craft, where she sells handmade brooms, dustpans, and other goods. Despite Berea's status as Kentucky's folk arts capital, its economy has suffered from industrial closures and persistent poverty — nearly 1 in 5 residents lives below the poverty line. Main said Nest helped her overcome many financial and retail obstacles and build a broader client base for her products. She used her $5,000 grant to attend her first wholesale trade show in New York. That exposure helped double her company's annual profits, from $120,000 to more than $240,000. 'I just think the work that Nest is doing is so important,' Main said. 'I can't stress enough how being in a rural place, there's not a lot of help, or a lot of people who understand the uniqueness of a handmade business, and their advice has been so spot on.' ______ Stephanie Beasley is a senior writer at the Chronicle of Philanthropy, where you can read the full article. This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP's philanthropy coverage, visit
Bloomberg
an hour ago
- Bloomberg
Moelis' Incoming CEO Sees M&A Drivers Intact During Mideast Wars
The momentum behind mergers and acquisitions remains strong despite growing tensions in the Middle East, according to the incoming chief executive officer of Moelis & Co. 'The latest Middle East conflict is early days and is fluid,' Navid Mahmoodzadegan, who in October will take over from Ken Moelis atop the New York-based investment bank, said in an interview on Bloomberg TV. 'I continue to be optimistic that the forces that are driving M&A are very much intact.'
