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Share to Twitter Share to Linkedin Charif Souki, 2013 (Photo by Michael Thad Carter, for Forbes). There’s a new way for investors to bet on the miracle of American natural gas and the genius of Charif Souki. As of last week Souki’s Tellurian Investments completed a reverse takeover of publicly traded Magellan Petroleum. The company has been renamed Tellurian, has a new ticker symbol (TELL), and big plans to build a new liquefied natural gas export facility in Calcasieu Parish, La. The project, called Driftwood LNG, will cost around $12 billion, and have the capacity to export 26 million tons of LNG per year, the equivalent of about 3.6 billion cubic feet of gas per day. Construction hasn’t started yet, but Souki expects Driftwood to be operational in late 2022. To get through engineering and permitting, Souki has already raised about $200 million from French oil giant Total, and another $25 million from General Electric. He doesn’t expect any … [Read more...] about LNG Guru Charif Souki Is Back With Publicly Traded Tellurian

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

LONDON: Lending to small businesses in Britain has fallen to its lowest since at least 2014 as companies and banks worry about the worsening economic outlook, according to a survey published on Monday. Only 9% of small firms sought finance in the first three months of this year, the lowest proportion since the Federation of Small Business began asking the question eight years ago. The share of firms that saw their applications approved was also at a record low of 43%, the FSB said. "Lenders pulling up the drawbridge for small firms will threaten our already faltering economic recovery," FSB National Chair Martin McTague said. The FSB surveyed 1,211 small business owners and sole traders in March and April. Earlier this month, the Bank of England warned of a sharp economic slowdown and possibly a recession with inflation set to peak above 10% later this year.- Reuters … [Read more...] about Lending to small businesses dries up as outlook darkens

- A + A (May 16): As spiraling inflation spreads across the globe, emerging-market bonds from Turkey to Thailand are feeling the brunt. Local-currency debt from developing nations -- which is far more sensitive to a country’s domestic inflationary pressures than dollar denominated equivalents — has slumped almost 9% this year, the most since at least 2008, according to a Bloomberg index. There’s unlikely to be any relief soon as central bankers around the world attempt to control surging prices by raising interest rates even more aggressively — potentially risking growth in doing so. That certainly wasn’t the plan. Many developing economies led the charge in rate hikes last year, getting ahead of policy makers in the US and hoping to avoid a redux of the 2013 taper tantrum. But with inflation raging in the US and the strong dollar pressuring currencies elsewhere, these countries are now making a new rulebook. Policy makers across emerging nations are either … [Read more...] about Bond traders reel as inflation hits world’s emerging local debt

- A + A BENGALURU/MUMBAI/ZURICH (May 16): Indian conglomerate Adani Group plans to buy Holcim AG's cement businesses in India for US$10.5 billion, its largest-ever acquisition, to become the country's No. 2 cement manufacturer. Adani Group, owned by billionaire Gautam Adani, currently has no cement-making operations but said the firms were a good fit given its ports and logistics, energy and real estate businesses. Under the deal, Adani Group will pay US$6.4 billion in cash to acquire Switzerland-based Holcim's 63.1% stake in Ambuja Cements Ltd and 54.5% holding in ACC Ltd, Holcim said in a statement announcing the deal late on Sunday (May 15). The rest of the companies' shares will be bought via an open offer, Adani said in a separate statement. "(We) will be able to build a uniquely integrated and differentiated business model and set ourselves up for significant capacity expansion," Adani said. The deal, which was clinched after a fierce bidding war with the … [Read more...] about Adani to become India’s No. 2 cement maker with US$10.5 bil Holcim deal

The Denver Art Museum has been selected as one of the world’s best museums, in league with Antwerp, Belgium’s Momu and architectural wonders such as Oslo’s Munch Museum and Tokyo’s Murakami Library. The honor, doled out in a May 3 list from Condé Nast Traveler, was part of the magazine’s Best New Museums in the World: 2022 Hot List. While the Denver Art Museum has been around in some form since 1893 , Condé Nast looked at the museum’s nearly five-year, $175 million renovation-addition project that was recently  completed and decided it was enough to justify the “new museum” moniker. The magazine noted that the museum reopened in late 2021 with new, interconnected galleries, pavilions and a restaurant. “Smithsonian in its scope, the campus’ eight-story Martin Building — designed by Italian modernist Gio Ponti, and the world’s first high-rise museum when it was built in 1971 — offers an ambitious look at the art of the Americas,” according to the 2022 Hot List. “Entire floors … [Read more...] about Denver Art Museum named one of the world’s best “new” museums

Share to Twitter Share to Linkedin Summer is upon us and Las Vegas is back in full swing. Following a lift on the mask mandate, casinos returning to 100 percent capacity, and just about everything with the exception of some shows back to regular operations, Sin City is ready to welcome visitors. Whether you’re coming into town for a bachelor or bachelorette party, to try your luck at the tables, or to get some pent-up energy out of your system, this is the perfect place to do it. Most of your favorite spots are still around, but in a city where everything is constantly evolving or changing, there are also several new places to hit up if you’re visiting soon. Read on to discover some of the latest restaurants, bars, attractions, and hotels worth visiting this summer in Las Vegas. Restaurants Night + Market James Beard semifinalist Kris Yenbamroong has brought his popular Night + Market from Los Angeles to the new Virgin Hotels Las Vegas and it … [Read more...] about Here’s What’s New In Las Vegas For Summer 2021

Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work