Rs 266 crore to usd

As we weigh yet another strong jobs report against persistent inflation and the looming threat of a recession, we have to acknowledge that the workforce has transformed and now plays by a different set of rules and is motivated by a different set of factors. Leaders take note. The Great Reset is a convergence of trends some decades in the making that culminate in a changed relationship between individuals and organizations. Let’s break down the five “Great Rs” that collectively give us the empowered workforce. 1. The Great Resignation Posited first by Professor Anthony Klotz in a May 2021 interview in Bloomberg , it was originally thought to be a short-term phenomenon triggered in the pandemic when the nation’s quit rate hit a 20-year high. In reality, churn has been building since 2009, and Gartner predicts churn will increase 20% over pre-pandemic levels. 2. The Great Retirement The Great Retirement has been long in coming as the Baby Boomer … [Read more...] about From The Great Resignation to The Great Refusal—here’s what the 5 ‘Great Rs’ mean for the future of the work

Share to Twitter Share to Linkedin Key News Asian equity markets were down as Silicon Valley Bank’s collapse and Credit Suisse’s troubles, despite a decisive move by the Swiss government, which led to a rebound this morning in European stocks, weighed on investor sentiment overnight except for India and the Philippines, which posted a small gain. These fears were well publicized in China as Ray Dalio’s comments of a “rolling crisis” and Larry Fink’s comments that more banks might fail weighed on sentiment. Energy and materials were the worst performers in Hong Kong, down -3.33% and -3.17%, respectively, and China -3.73% and -2.46%. Today’s macro-driven sell-off is odd, considering that the Asia Dollar index and China’s renminbi (CNY) posted small gains versus the US dollar. In February, new home prices gained +0.3% month over month as the sector attracted policy support. No, I still can’t draw any investors to buy the bonds despite the government’s implied … [Read more...] about Financial Contagion Weighs On Sentiment

Share to Twitter Share to Linkedin There is a narrative that I hear from time to time that President Biden made billions of dollars for the country by selling oil from the Strategic Petroleum Reserve (SPR) last year at high prices and buying it back at low prices. The only problem is that the story is only half true. The Biden Administration did indeed sell a lot of oil from the SPR last year. Further, oil prices in 2022 were the highest they had been in years, averaging nearly $95 a barrel — the highest level since 2013. However, the Biden Administration hasn’t bought back any of the 266 million barrels of oil that have been removed from the SPR since his inauguration. If Biden wants to legitimately receive credit for successfully playing as an oil speculator, then he needs to put the oil back. Right now, all he has done is deplete oil reserves that were built up under several previous administrations (Democratic and Republican). Previously, the … [Read more...] about Isn’t It Time To Refill The Strategic Petroleum Reserve?

Share to Twitter Share to Linkedin According to trade body, the World Travel & Tourism Council, Paris is the world’s most powerful city destination with, a travel sector worth almost $36BN USD in 2022, in terms of direct GDP contribution to the city. Likewise, Euromonitor named the French capital the world’s top city in 2022. Paris’s gastronomy, culture and grand palace hotels are of course legendary but if you’re looking for alternatives to the obvious attractions, here are a few suggestions for a short visit. Where to Stay Hotels near train stations are not always the most salubrious but 25 Hours Hotel is certainly an exception. And if you’re arriving by train, this hip boutique hotel is ideal as it’s directly across the road from Paris’s Gare du Nord and the Eurostar . A playful jumble of bright street art-style murals decorate rooms and public areas. The rooms are in colors and shapes inspired by the neighborhood with its African and Asian … [Read more...] about 24 Hours In Paris: Best Things To See, Eat And Do

Share to Twitter Share to Linkedin Week in Review Asian equities were mostly lower this week as the uncertain path of US Fed rates hikes and US turned global bank failures weighed on risk sentiment globally. The Public Company Accounting Oversight Board (PCAOB) is returning to China to finalize audits, demonstrating the good access that the US regulatory authority has been granted. China’s property and fixed asset investment figures came in above expectations for the first two months of the year. The “Two Sessions” political meetings concluded last weekend. In this week’s video update , Xiabing gives an introduction to the “Two Sessions” and interviews attendees on what they heard and expect to come out of the important policy summit. Friday’s Key News Asian equity markets ended the week up on high volumes driven by S&P Dow Jones and FTSE Russell indices rebalancing along with trading driven by the expiration of stock index futures, … [Read more...] about Baidu Blasts Off, Evergrande Restructures, RRR Cut, Week In Review

Yachting is always a unique experience, but yachting in the nighttime has its own unique charm. It provides a serene and peaceful ambiance with a touch of glamour and luxury that makes it a memorable experience. The stars shining in the sky, the glittering lights on the shore, and the sound of the waves crashing against the yacht’s hull, all make for a spectacular nighttime. Yachting in Dubai Yacht rental in Dubai offers a perfect setting for yachting enthusiasts to explore the city’s skyline and indulge in the beauty of the ocean. It’s a versatile experience with options ranging from small boats to luxurious yachts, available for rental at different prices starting from AED 1000 to AED 10,000 per hour. With multiple rental locations in marinas and ports, you can indulge in various activities such as stargazing and scuba diving while yachting, making it a perfect way to spend an evening. Whether you are looking for a small gathering or an extravagant celebration, … [Read more...] about Yachting in the Night a Spectacular Romantic Idea for 2023

It has been a year since the Russia-Ukraine war. The war is still going on and shows no signs of stopping. Many people have already died, injured and maimed, and thousands of houses and structures have been destroyed. This war has not brought benefits to anyone, nor will it in the future. No one wins this war, and war is not the solution. So it is better to sit at the negotiation table to solve the problem and establish peace. Everyone, including United Nations, the United States, Russia, China, Britain, France and Ukraine, should come forward for this. But first of all, both countries involved in the war must take the initiative. Peace-loving people of the world do not want wars. They all want to live together in peace. Russia and Ukraine are two neighboring countries. Ukraine was once part of the former Soviet Union. Ukraine gained independence from the Soviet Union in 1991. Both countries are very large. The area of Russia is 1 crore 71 lakh square kilometers. 6 lakh … [Read more...] about Stop the Russia-Ukraine War for the Greater Interest

Share to Twitter Share to Linkedin Since the recent announcements of OpenView’s ChatGPT, Google’s Bard, and Baidu’s ChatBot , the industry has been in a frenzy advancing Generative AI products and solutions. Brainy Insights estimates that the generative AI market will grow from USD $8.65 billion in 2022 and reach USD 4188.62 billion by 2032. This translates to over 36% CAGR making generative AI one of the next hottest areas to elevate AI innovations. The software segment will account for the highest revenue share of 65.0% in 2021 and is expected to retain its position over the forecast period. What is Generative AI? Generative AI is a form of AI that produce various types of content including text, imagery, audio and synthetic data. The recent buzz around generative AI has been driven by the simplicity of new user interfaces for creating high-quality text, graphics and videos in a matter of seconds. Although not a new technology, the introduction of … [Read more...] about COQUI : A Generative AI Speech Innovation Will Revolutionize This Market

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 19, 2023. REUTERS/Moritz Hager LONDON  – Financial markets were poised for relief on Monday after UBS Group AG agreed to buy Credit Suisse Group AG in a rescue orchestrated by the state, while major central banks announced a coordinated move to shore up liquidity in the financial system. In an early sign that risk appetite was set for a bounce, the euro, sterling and the Australian dollar all edged up, data from trading platform EBS and Reuters Dealing showed. Crypto currency bitcoin rose over 5 percent. UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume up to $5.4 billion in losses as it winds down the smaller peer’s investment bank after a shotgun merger engineered by Swiss authorities. Meanwhile, in a coordinated global response, central banks including the Federal Reserve said they would enhance dollar swap lines, helping calm investors … [Read more...] about World markets set for relief after Credit Suisse buyout, central banks action

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File photo TOKYO  – Currency markets showed some cautious optimism after global authorities moved to stem contagion from a simmering banking crisis, with the safe haven dollar on the back foot and the yen tumbling amid a rebound in Treasury yields. The risk-sensitive Australian dollar jumped to a two-week high, while the euro edged higher for a third straight day. Over the weekend, the Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada and Bank of Japan announced joint action to enhance market liquidity. That followed Swiss authorities’ negotiation of a buyout of Credit Suisse by UBS, but at a huge discount and with massive debt writedowns. US Fed, other central banks move to boost global dollar liquidity The currency market’s “initial response has been a ‘risk positive’ one,” Ray Attrill, head of … [Read more...] about Yen drops, dollar on defensive as central banks seek to reassure markets