Tag Archives: says

El Salvador President says Dollar is dead, Bitcoin is future

El Salvador President Nayib Bukele has yet again made his love for Bitcoin public. In a tweet, Bukele boldly announced that the days of fiat money may soon be over and that Bitcoin is the “real revolution” the world is seeing at present. Bukele also mentioned that El Salvador is spearheading this Bitcoin era. Taking to Twitter, the El Salvador Read More

Icahn is shorting the commercial real estate market, which he says is going to ‘blow up’

Billionaire investor Carl Icahn told CNBC on Friday he expects the U.S. commercial real estate market will crumble, much like the broader housing market collapse of 2008. “You’re going to have this blow up, too, and nobody’s even looking at it,” Icahn said on “Halftime Report.” Icahn said he is shorting the commercial mortgage bond market and it’s his “biggest position by Read More

Starbucks says China business is recovering, but second-quarter will take hit to sales from coronavirus closures

Starbucks warned investors on Thursday that store closures in China due to the coronavirus outbreak are likely to result in a 50% decline in its same-store sales in China during its fiscal second quarter. However, it said that it was seeing signs of a pickup in its business in China, and it hasn’t yet detected any slowdown in the U.S. Shares of Read More

Hilton CEO Says Business Could Be Impacted for Up to a Year From Coronavirus

Hilton has closed about 150 hotels in China in response to the growing coronavirus crisis, taking 33,000 rooms out of commission, Hilton CEO Chris Nassetta said on Tuesday. The hotel industry could end up having to deal with the impact of coronavirus for the next 12 months, Nassetta told investors during a call detailing the McLean, Virginia-based company’s 2019 earnings. Read More

Indians More Optimistic About Technology Than Rest of The World, Says World Economic Forum

Rumblings of economic slowdown may have shaken some, but it hasn’t stopped the technology industry and startups from exploring innovations to solve the problems on the ground. According to an opinion poll by the World Economic Forum (WEF), people from India are among the world’s most optimistic about technology. The opinion poll was prepared and commissioned by SAP and Qualtrics Read More

Most investors prefer real estate, says survey. Really?

The turmoil in the equity markets and the decline in interest rates may have pushed investors towards real estate. An online survey shows that 57% of people prefer to invest in real estate. The survey was conducted by Anarock Property Consultant in the first quarter of 2019 and received 2,797 responses from across income levels, age groups and geographies. Respondents from Bengaluru were the most bullish Read More

Embassy, Blackstone looking to buy promoters’ stake in Indiabulls Real Estate, says report

Realty firm Embassy Group and its investor partner Blackstone Group LLP are looking to buy the remaining promoters’ stake in Indiabulls Real Estate Ltd (IBREL), reported LiveMint. The Embassy Group had earlier bought 14 percent stake in IBREL from promoter Sameer Gehlaut for around Rs 950 crore in June, said the report. Now the firm, along with Blackstone, is keen on Read More

Budget 2019: New education policy on anvil, says Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman on Friday said the government will bring a new national educational policy and ₹400 crore has been provided for world class institutions. Presenting the first Budget of the Modi government in its second term, she said a draft legislation for higher education commission will be presented. India has potential to become educational hub, she said while proposing Study Read More

‘Education is Under Fire’ in Afghanistan, the U.N. Children’s Agency Says

Schools in Afghanistan saw the number of attacks triple in a year, according to UNICEF, stoking further concern of deteriorating security and access to education in the country. According to a report released Monday, there were 192 attacks on schools in 2018, up from 68 in 2017. UNICEF Executive Director Henrietta Fore called the attacks senseless, adding that “education is under fire” Read More

Businesses need to reinvent with a human focus, says Deloitte Human Capital report

BENGALURU: Organisations must reinvent themselves with a human focus into social enterprises, says a report from consulting organisation Deloitte. According to the Global Human CapitalTrends survey, titled ‘Leading The Social Enterprise: Reinvent With A Human Focus’, the report provides actionable insights to businesses everywhere, and is based on responses from nearly 10,000 respondents in 119 countries including 225 HR professionals and business leaders who participated in Read More