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United Airlines To Workers: Expect Layoffs After Bailout Restrictions End

March 27, 2020 by www.forbes.com

Share to Twitter Share to Linkedin United Airlines CEO Oscar Munoz and President Scott Kirby thanked their 90,000 workers Friday afternoon for pressing lawmakers to pass a $2 trillion stimulus package with $58 billion in funding for beleaguered U.S. airlines , half of it grant aid to cover their payrolls and prevent layoffs through Sept. 30. That’s not long enough to get the industry out of the woods, the United executives warned. They expect the downturn in travel from the coronavirus pandemic to last well beyond that date, and require painful cuts. “If the recovery is as slow as we fear, it means our airline and our workforce will have to be smaller than it is today,” they said in a letter to staff that was publicly released. United has reduced its April schedule by more than 60%, Munoz and Kirby wrote, and even with that, load factors will likely fall into the teens or single digits. Deeper cuts are planned for May and June. “Based on how … [Read more...] about United Airlines To Workers: Expect Layoffs After Bailout Restrictions End

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2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures

December 23, 2022 by www.forbes.com

Share to Twitter Share to Linkedin What Happened In 2022 Even before a months-long winter engulfed the digital-assets market, 2022 was shaping up as the year that Washington began to get serious about regulating the cryptocurrency business. That resolve was bolstered throughout the year by a series of calamities that included a massive stablecoin failure of terraUSD and the associated luna, with contagion effects that impacted BlockFi, Celsius Network and Voyager Digital exchange that called into question the ability of crypto exchanges to be digital asset custodians that would protect investors’ assets. Essentially, the crypto industry managed to recreate the same risks of the traditional banking system, in which the institutions that were responsible for holding customer’s assets were simultaneously lending funds, leading to leverage, liquidity and capital conflicts. Before the year could end, the third-largest exchange, FTX – previously seen as a … [Read more...] about 2022 Year In Review: Crypto Policy Experiences Massive Turbulence In Congress Amid TerraUSD And FTX Failures

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What To Expect From The Serie A January Transfer Market Window As Teams Work With Limited Budgets

January 15, 2021 by www.forbes.com

Share to Twitter Share to Linkedin The Serie A January transfer market window will suffer significantly from the financial wounds inflicted by the coronavirus pandemic. This winter, Serie A fans will not experience the same calciomercato liveliness that, in recent years, has brought high-profile names to Italian soccer, such as Cristiano Ronaldo , Zlatan Ibrahimović , Romelu Lukaku, and Christian Eriksen. That is the argument supported by Eleonora Trotta, who has been covering Serie A’s transfer market news for more than a decade as an editor for Italian online newspaper Calciomercato.it . Trotta explains that a lack of funds is forcing sporting directors across all Serie A clubs to take a very prudent approach to transfer negotiations. “The main trend is that the budget (for clubs) does not exist,” Trotta told me. “It’s basically zero.” A Risk-Averse Approach Because clubs cannot afford investing in risky transfer deals, … [Read more...] about What To Expect From The Serie A January Transfer Market Window As Teams Work With Limited Budgets

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OnePlus 11 official design leaked online, January 2023 launch tipped

December 5, 2022 by www.moneycontrol.com

The launch of the next OnePlus flagship smartphone is just around the corner. The OnePlus 11 is expected to launch sometime early next year in January 2023. According to previous leaks, the vanilla OnePlus 11 will debut in China, India, and other markets early next year, while other models will follow soon after. Now, new images of the OnePlus 11 have surfaced courtesy of OnLeaks and GadgetGang revealing its design. The image shows the OnePlus 11 in two new colours – a black model and a greyish-green variant. They will likely be called Volcanic Black and Forest Emerald. The leaked renders also reveal the addition of the power button and alert slider on the right and volume rocker on the left. The OnePlus 11 also appears to have the same design language as the OnePlus 10 Pro ( Review ) with the camera island blending into the frame. However, the OnePlus 11 will feature a circular camera island as opposed to the box shape on the OnePlus 10 Pro 5G. Additionally, the … [Read more...] about OnePlus 11 official design leaked online, January 2023 launch tipped

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Budget 2023: ‘Green Growth’ among 7 priority sectors for govt

February 1, 2023 by www.moneycontrol.com

These green growth efforts will help in reducing carbon intensity of the economy and provide for large-scale green job opportunities, Sitharaman said. Union Finance Minister Nirmala Sitharaman on February 1 said “green growth” will be one of the seven priority sectors (“Saptarishi”) of the Union Budget 2023. In her Budget speech, she explained that the “green growth” priority sector will include multiple programmes on green fuel, green energy, green farming, green mobility, green buildings and green equipment. This will also include policies for efficient use of energy across various sectors, Sitharaman said. "These green growth efforts will help in reducing carbon intensity of the economy and provides for large scale green job opportunities," she said. Read Budget LIVE updates here The announcement means India will take a multi-pronged strategy to accelerate clean, carbon-free fuels across different sectors of the economy. India has already increased the solar … [Read more...] about Budget 2023: ‘Green Growth’ among 7 priority sectors for govt

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Economic Survey 2023: Total assets under FPIs grow despite huge outflows

January 31, 2023 by www.moneycontrol.com

Moneycontrol looks into major sectors that are poised to generate employment as per the Economic Survey 2023. Total assets under custody of Foreign Portfolio Investors (FPIs) increased by 3.4 percent owing to the strong macroeconomic fundamentals of the Indian economy and improvement in market risk appetite from time to time, according to the Economic Survey 2022-23 released by the Finance Ministry on January 31. Despite the uncertain macro environment considering the inflation and geopolitical concerns, the total assets under custody of FPIs increased to Rs 54.0 lakh crore at the end of November 2022 as compared to Rs 52.2 lakh crore at the end of November 2021. Ironically, this increase comes at a time when Indian equities are witnessing huge FPI outflows. Also Read | Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions During FY23, if we look at the overall net investments by FPIs, the market saw an FPI outflow of Rs … [Read more...] about Economic Survey 2023: Total assets under FPIs grow despite huge outflows

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Alienware X15 R2 Review: A premium yet portable gaming laptop that packs a powerful punch

November 18, 2022 by www.moneycontrol.com

Alienware is a brand synonymous with gaming. The company is renowned for its over-the-top approach in gaming desktops and laptops, not to mention their unique aesthetics. However, the Alienware X15 laptop arrives in a new world, where manufacturers are looking to slim down and deviate from the traditional chunky gaming laptop designs. With the X15 R2, Alienware accomplishes this by offering a powerful gaming laptop in a thin and light design. I never got around to testing the Alienware X15 R1, so this is my first experience with Alienware’s slimmest gaming laptop series. But just how much has Alienware had to compromise to deliver a powerful gaming laptop in this slim chassis, let’s find out! Design and Build First off, it is nice to say that despite the slim form factor, Alienware has retained its traditional futuristic design on the X15 R2. The notebook is offered in a Lunar Light dual colour scheme, which tends to stand out from the matte black crowd. The off-white lid … [Read more...] about Alienware X15 R2 Review: A premium yet portable gaming laptop that packs a powerful punch

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Apple Ended 2022 Without A New Mac.

January 5, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Updated Jan 5th: article originally posted Jan 2nd. You might have missed a stunning moment in Apple’s history. For the first time in the 21st century, Apple did not release a new Mac in the holiday quarter. What happens now? Update: Tuesday January 3rd. One of the biggest missing machines is the Mac Pro. Not only is the Mac Pro missing from the portfolio, the ultimate Mac Pro may never appear. Just as the Intel-powered Mac Pro had a multitude of options in terms of chip specification, so the Mac Pro is expected to offer a number of Apple Silicon options. Much like the 14-inch and 16-inch MacBook Pro models that sport both the M1 Pro and M1 Max as user configurations, Mac Pro choices could include the presumptively named M2 Pro and M2 Max chips, and an M2 Ultra building on the M1 Ultra found in the Mac Studio. There has also been talk of an M2 Extreme chipset that would lie at the heart of the Mac … [Read more...] about Apple Ended 2022 Without A New Mac.

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Intense rain, choked infrastructure: Why urban India sinks every monsoon

October 1, 2022 by www.moneycontrol.com

Not just Bengaluru, many towns and cities across India — Jodhpur, Patna, Guwahati, Silchar, Surat, Ahmedabad, Mumbai and Gurugram (above), to name a few — were flooded after spells of intense rain that overwhelmed their poor and choked urban infrastructure. (Image: @ashwinning/Twitter) While there are a host of manmade and natural factors behind the increasing incidence of floods in Indian cities, it is the former that is more to blame, experts have warned, emphasising that the environment must be respected and things set right before it is too late. Unplanned construction in low-lying areas and wetlands, rampant concretisation, choked and overwhelmed storm-water drains, as well as disappearing water bodies and natural water channels are responsible for urban floods, which throw life out of gear in cities every monsoon. A spurt in spells of very heavy rainfall in short durations triggered by erratic weather patterns is a double whammy for already-choked urban infrastructure, … [Read more...] about Intense rain, choked infrastructure: Why urban India sinks every monsoon

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Coronavirus Could Be A $12 Billion Hit To Entertainment And Audiences May Never Be The Same

March 18, 2020 by www.forbes.com

Share to Twitter Share to Linkedin They’re all closed. Movie Theaters. Bars. Nightclubs. Arenas. Cafes. In New York, Broadway and museums are shuttered. In San Francisco it’s even more dire. Across the country and the world, cities are shutting down, leaving humans from Seattle to Shanghai without traditional ways of finding distraction. The mandate for social distancing that has proven essential at slowing the spread of the coronavirus will cut about $12 billion of entertainment revenue from the U.S. if the shutdown lasts until July, as President Trump signaled . Billions more are not being spent on creating new content as film and television production is frozen. Things could get a lot worse. “ This is definitely unprecedented and turning everyone's lives completely upside down,” says Ryan Borba, managing editor at concert tracker Pollstar. The concert and live event industry brought in $34 billion last year, according to … [Read more...] about Coronavirus Could Be A $12 Billion Hit To Entertainment And Audiences May Never Be The Same

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