Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports
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How machine learning is helping scientists forecast bird migration
With chatbots like ChatGPT making a splash , machine learning is playing an increasingly prominent role in our lives. For many of us, it’s been a mixed bag. We rejoice when our Spotify For You playlist finds us a new jam, but groan as we scroll through a slew of targeted ads on our Instagram feeds. Machine learning is also changing many fields that may seem surprising. One example is my discipline, ornithology—the study of birds . It isn’t just solving some of the biggest challenges associated with studying bird migration; more broadly, machine learning is expanding the ways in which people engage with birds. As spring migration picks up, here’s a look at how machine learning is influencing ways to research birds and, ultimately, to protect them. The challenge of conserving migratory birds Most birds in the Western Hemisphere migrate twice a year , flying over entire continents between their breeding and nonbreeding grounds. While these journeys are … [Read more...] about How machine learning is helping scientists forecast bird migration
Tourism Authority of Thailand partners with Agoda, Alipay, Klook and KKDay
PHOTO: The TAT has joined up with four online platforms to promote Thailand tourism. (via TAT) Tourism Authority of Thailand has joined forces with Agoda, Alipay, Klook and KKDay in a new joint marketing initiative aimed at increasing tourism in the kingdom. Each of the platforms will launch promotions and campaigns to boost tourism in Thailand and enhance awareness of experience-based tourism activities in major and secondary Thai destinations. Representatives from the four online platforms joined TAT Governor Yuthasak Supasorn and other top-level TAT executives for a press conference to announce the partnership . The TAT governor spoke of the importance of the Internet for modern travel. “TAT recognises the world online platform as an important information source that influences tourists’ decision-making process on airline, hotel, and destination selection, through to sharing their travel experiences during and after the trip. This joint marketing initiative … [Read more...] about Tourism Authority of Thailand partners with Agoda, Alipay, Klook and KKDay
What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
Carnival Guidance Sinks Shares
Key Takeaways Carnival Corporation ( CCL ) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year. For 2023, the company predicts a loss of $0.28 to $0.44 per share, at least four times more than forecasts. That came as Carnival posted better-than-expected first quarter results and record bookings. Revenue was up 173.1% to $4.43 billion, and was about 95% of the level in 2019, prior to the COVID-19 outbreak which basically shut down its operations. Carnival Corporation ( CCL ) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year. Carnival indicated it would lose $0.34 to $0.42 per share in the second quarter. Analysts were anticipating a drop of $0.28. For 2023, the company predicts a loss of $0.28 to $0.44 per share, at least four times more than … [Read more...] about Carnival Guidance Sinks Shares
Ban on fishing in Andaman Sea begins April 1
PHOTO: Fishing will be banned in the Andaman Sea for three months. (via Wallpaper Flare) It’s that time of year again when the oceans need a break from humans in order to recover and regrow. Along the Andaman sea, fishing restrictions will be implemented for a three-month period from April 1 to June 30. The restrictions will cover the coastline of four provinces on the Andaman in an effort to allow fish stocks to recover. The Department of Fisheries announced on Sunday that an area of 4,696 square kilometres will be affected, stretching from Laem Yong Star in Trang province to Cape Panwa in Phuket province. The waters off of Phuket, Krabi, Phang Nga, and Trang will be restricted to commercial fishing operations. Despite the ban, fishing activities are not completely prohibited. Local villagers with boats less than 10 gross tonnage and engines less than 280 horsepower are allowed to fish still. The Andaman Sea is a major fishing ground for commercial fishing … [Read more...] about Ban on fishing in Andaman Sea begins April 1
Globe keeps diversity and gender balance strong with women in leadership team
Globe is setting a new trend with women outnumbering their male counterparts in leadership positions. This comes at a time when most Philippine boardrooms are still dominated by men. Some 52% of Globe’s executive roster are women, with 49 holding the top two ranks in the corporate hierarchy, compared to 45 men as of end 2022. This marks the first time in at least five years that there were more female executives in Globe’s core business. Women ranked managers and directors have also been increasing in the last five years, rising from 958 in 2018 to 1,193 as of end 2022. Even while there are still more men in middle management, the female population is catching up. These figures buck the trend as cited in a March 2019 study by the Makati Business Club that was supported by UN Women, the European Union and Women Empower Asia. The study “Women in the Philippine C-Suite” found that only about three percent of C-Suite positions in business across the country are … [Read more...] about Globe keeps diversity and gender balance strong with women in leadership team