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Universal Music has bought the entire back catalog of Bob Dylan's songs, the company announced Monday, describing the deal as "one of the most important" music publishing agreements of all time. The deal covers more than 600 song copyrights spanning 60 years including Blowin' In The Wind , The Times They Are a-Changin' , Like A Rolling Stone, Lay Lady Lay, and Forever Young , Universal Music said in a statement. The music company gave no financial details of the purchase but the Financial Times reported it was a "nine-figure deal." The New York Times estimated the price at more than US$300mil (RM1.22bil). The value of owning music rights has soared in recent years with the surge in popularity of streaming sites such as Spotify, a trend that has grown during the pandemic lockdown. Dylan, who burst onto the folk scene in New York in the early 1960s, has sold more than 125 million records around the world. The US folk and rock legend's songs are also frequently covered by … [Read more...] about Bob Dylan sells entire catalog of over 600 songs spanning 60 years

The larger job market in India remains buoyant across sectors – even amid layoffs by a clutch of startups in recent months – and employees will generally continue to call the shots through FY23. “We see FY23 to remain an employees’ market with some amount of adjustments. Employees still have the bargaining power, opportunities and enjoy the benefit of demand,” said RP Yadav, chairman of Genius Consultants, a staffing and human resource company. While information technology and IT-enabled services will continue recruiting, e-commerce, logistics and export-oriented sectors including textiles and leather goods are doing well in terms of hiring. The consumer goods sector will increasingly do well, as will the retail and hospitality segment, according to staffing firms, HR experts and talent managers. The near-normal level of economic activity in retail and hospitality is indicative of a revival in these sectors after a prolonged phase of weakness due to the pandemic and offers a … [Read more...] about Amid startup layoffs, larger job market remains buoyant across sectors

Razorpay plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now Bengaluru-based digital payments platform PhonePe plans to double its employee strength by the end of December as it taps a boom in online transactions, the company said on April 5. The company , the market leader in transactions on the Unified Payments Interface (UPI), has 2,600 employees and 2,800 open job positions across cities such as Bengaluru, Pune, Mumbai, and Delhi it is seeking to fill. It plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now. PhonePe, owned by Flipkart and Walmart, plans to hire employees across engineering, products, analytics, business development, and sales. Also Read: PhonePe Pulse Q4 2021 Report: Maharashtra crosses 1 billion transactions, merchants drive highest payments Close “We are building a long-term sustainable organisation, anchored on … [Read more...] about PhonePe to double employee count by December

Millions of Americans don’t have access to high-speed internet, the majority of whom live in rural areas. To help the 4,000-plus member owners of its farmer cooperative, Land O’Lakes CEO Beth Ford has made it her mission to advocate for public and private investment in broadband access. advertisement advertisement Internet connectivity is necessary for quality education and healthcare. Without the right tools and technology, it’s harder for farmers and their families to be successful. “When farmers aren’t secure, it leaves us less secure as a nation,” says Ford. To help bridge the digital divide, Ford spearheaded Land O’Lakes’ American Connection Project . Advocating for private and public sector investment in rural internet infrastructure, the effort includes over 170 organizations. Ford is working closely with U.S. Commerce Secretary Gina Raimondo, and was in D.C. for the signing of the $65 billion infrastructure bill that will … [Read more...] about Beth Ford wants to change the narrative about rural America

The Philippines’ summer capital, known for its cool air and pine trees, has been the favorite refuge of Filipinos wanting to escape the scorching heat in Metro Manila and other parts of the country. But while Baguio City remains the coolest place in the country, it has been feeling the heat of climate change, registering an unusually higher heat index of 27 degrees Celsius last month, exacerbated by the steady loss of its tree cover. Just as well that its city council has recently proposed a five-year moratorium on tree-cutting activities to protect its trees. The battle to preserve the beloved city’s trees has been ongoing for at least two decades now as locals saw more of these trees being felled to give way to progress and development—malls, subdivisions, and other infrastructure projects. In 2019, the Supreme Court stopped a mall giant from cutting more than a hundred trees for an expansion plan, but the temporary restraining order came only after about 60 trees have already been … [Read more...] about Stop cutting trees

Wall Street's main indexes rose over 1% on Friday as signs of slowing economic growth and falling commodity prices tempered expectations over how high the Federal Reserve will raise interest rates to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause a recession, with the benchmark S&P 500 (.SPX) confirming a bear market last week as it recorded a 20% drop from its January closing peak. The three main indexes on Friday looked set to notch their first weekly gain in four, boosted by megacap growth stocks and defensive sectors such as healthcare and utilities seen as safer bets during times of economic uncertainty. "Conversations about the U.S. economy likely slowing which could lessen the hawkishness of the Fed, combined with lower commodity prices and bond yields - these are reasons investors are mentioning to justify why we could experience a near-term bounce," said Sam Stovall, … [Read more...] about Wall Street rallies as traders dial back rate-hike bets

Wall Street, New York City (File image: Reuters) Wall Street's main indices soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index's sectors ended at least 1.5% higher. Stocks rebounded this week as financial markets have been roiled over worries that rapid rate hikes by the Fed to rein in 40-year-high inflation could cause a recession. Still, investors have been gauging when the market might hit its bottom after the benchmark S&P 500 earlier this month recorded a 20% drop from its January closing peak, confirming the common definition of a bear market. "Some of the moves, the sellers just get exhausted so you don’t have as much capital moving out," said Shawn Cruz, head trading strategist at TD Ameritrade. "This might be a … [Read more...] about Wall Street mints big gains to end a strong week

Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance

Share to Twitter Share to Linkedin You've probably seen the pictures of the mountains of luggage at London's Heathrow Airport. You've heard about the heat wave. And maybe you have friends who got Covid while they were in Europe. With all that's happening, maybe you need a better guide to traveling to Europe this summer. "Tourism is back," says David Corsun, director of the University of Denver's Fritz Knoebel School of Hospitality Management. "Hotels are full. Flights are full. Restaurants are full." Travel by Americans to Europe will soar 600 percent over last summer , according to new projections by Allianz Partners. ADVERTISEMENT Europeans are traveling more, too. A new survey by insurance company Europ Assistance Group found that 71% of Europeans intend to travel during the summer . That's a 14 percentage point increase compared to 2021. But you don't have to get stuck in a crowd and miss the best part of your European vacation. … [Read more...] about The Ultimate Guide To Traveling To Europe This Summer

Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. ​​ "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation