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☆ Climate change has forced millions to flee their homes — and Asia is 'not prepared'
▼ + stars: | 2024-01-04 | by ( Chelsea Ong | ) www.cnbc.com time to read: +8 min

Fida Hussain | Afp | Getty ImagesAs the number of climate disasters increase, more people are being forced to flee their homes, especially in Asia. South Asia most at riskIn the region, South Asia is likely to have the most people displaced by climate change due to the density of its populations and its vulnerability to the effects of climate change, he added. According to the World Economic Forum, 10% to 18% of South Asia's GDP is at risk due to climate disasters. Some have nothing to return to, Oberoi explained, as climate change may have hurt their crop production at home. While we are talking and discussing and quibbling, the millions of climate migrants are the forgotten casualties of climate change.

Persons: Fida Hussain, Vinod Thomas, Thomas, Vinod Thomas ISEAS, Yusof Ishak, Tamara Wood, Pia Oberoi, Oberoi, Wood Organizations: Afp, Getty, ISEAS, Yusof, Institute, Economic, Kaldor, International Refugee, CNBC, OECD Locations: Pakistan, Asia, Philippines, China, South Asia, Bangladesh, Afghanistan, South, America, Europe, Australia, Tuvalu, Southeast Asia, UNHCR

☆ Casino operators in Asia are forcing workers to engage in online scams, says UN
▼ + stars: | 2023-11-21 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCasino operators in Asia are forcing workers to engage in online scams, says UNHundreds of thousands of people are being forced to work in online scamming operations, creating "two sets of victims" — the scammed and the scammer, UN Human Rights Office's Pia Oberoi told CNBC's Monica Pitrelli.

Persons: Office's Pia Oberoi, CNBC's Monica Pitrelli Organizations: UN Locations: Asia

☆ Fear is driving Chinese travelers away from two of Asia’s most popular destinations
▼ + stars: | 2023-11-20 | by ( Monica Pitrelli | Shalbha Sarda | ) www.cnbc.com time to read: +5 min

But both are losing ground with Chinese nationals as safety concerns rise among younger travelers. Both countries were the top choices for Chinese holidaymakers earlier this year but fell in the third quarter — Thailand to No. 8 — according to the marketing company China Trading Desk, which gauges Chinese travel sentiment on a quarterly basis. Both countries now lag behind South Korea, Malaysia and Australia in terms of Chinese travelers' next vacation destinations, with Singapore — deemed one of the safest places for travelers in 2023 — rising to the top spot. The World Health Organization and other safety groups have said seafood from Japan is safe to eat, but fears among Chinese travelers have "turned one of their most popular destinations into one of their least popular," Bhatt said.

Persons: Singapore —, Subramania Bhatt, Bhatt, Pia Oberoi, Oberoi, There's Organizations: China Trading, China, World Health Organization, United Nations, United Nations Human Rights, High, Afp, Getty, ASEAN, CNBC Locations: Japan, Thailand, Asia, Korea, Malaysia, Australia, Singapore, Southeast Asia, Thailand —, Cambodia, Laos, Myanmar, Southeast, South Asia, China, Taiwan, America, Pacific, perpetrating, Thu, People's Republic of China

☆ Organized scams are a growing issue for Southeast Asia, UN says
▼ + stars: | 2023-11-20 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOrganized scams are a growing issue for Southeast Asia, UN saysPia Oberoi, senior advisor on migration and human rights at the United Nations Human Rights Office, says transnational crime groups are tricking people into working in casinos that have been repurposed into scamming compounds in Southeast Asia.

Persons: Pia Oberoi Organizations: Southeast, United Nations Human Rights Locations: Southeast Asia, UN

☆ World’s 50 best hotels for 2023 revealed
▼ + stars: | 2023-09-20 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +7 min

London CNN —It opened just over a year ago, but a luxurious 24-key Italian property has already been named the best hotel in the world. Passalacqua, which overlooks Lake Como, beat off stiff competition to receive the top spot on the first-ever edition of the World’s 50 Best Hotels list, which was announced at an awards ceremony in the UK on Tuesday night. The highly-anticipated list honored 50 hotels from 35 destinations across the world. “After seeing the devastating impact of Covid-19 on the hospitality industry, it’s been especially fulfilling to see so many hoteliers from around the world gather in London to celebrate each other’s achievements under one roof for the first-ever awards ceremony of The World’s 50 Best Hotels,” Tim Brooke-Webb, managing director for the World’s 50 Best Hotels, said in a statement. The World’s 50 Best Hotels: Full list1.

Persons: –, Aman Tokyo, ’ Capello, Aman, Rosewood São, ” Valentina De Santis, Passalacqua, Silvio Vettorello, Vincenzo Bellini, ”, De Santis, it’s, Tim Brooke, Webb, Soneva, Chablé, Aman Venice, Le Sirenuse, Borgo, Royal Mansour, São, Cheval Blanc, Soneva Jani, Eden, Oberoi, Hôtel de Crillon Organizations: CNN, London CNN, Firenze, Rosewood, ’ Capello Bangkok, Capella, Hudson Yards, NoMad, CNN Travel, Somerset, Park, Eco, Hospitality, Lodges, Hotel Academy, Singita, Raffles, Madrid, Capella Singapore, Le Bristol Paris, Hyatt Kyoto, Hoshinoya, Atlantis, Equinox Locations: London, Lake Como, Europe, Florence, Asia, Rosewood Hong Kong, Bangkok, Chao Phraya, Hong Kong, Capella Bangkok, Aman New York, York, Hudson, Connaught, Rosewood São Paulo, Brisbane, South Africa, Scotland, Bruton , Somerset, Utah, Italy, Aman Tokyo, Mamounia, Marrakech, Morocco, Soneva Fushi, Maldives, Puerto Vallarta , Mexico, Australia, Chocholá, Mexico, Claridge’s, Raffles Singapore, Wanokaka, Indonesia, Tulum, France, São Paulo, Brazil, Kyoto, Japan, Réserve, Paris, Auchterarder, Du, Antibes, Somerset, Bruton, United Kingdom, Sri Lanka, Hoshinoya Tokyo, Bali, Barths, Siam, Badrutt’s, Moritz, Switzerland, Dubai, Agra, India, Spain

☆ India's ITC to demerge hotel business into separate company; shares fall
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, July 24 (Reuters) - India's ITC Ltd (ITC.NS) said it would spin off its hotel business, separating it from its cigarettes and food units, sending shares 4% lower on Monday. Shares of ITC hit a record high earlier in the day before falling as much as 4.3% after the demerger was announced. Indian hotels have turned into a hot sector as pandemic-led disruptions eased, with operators enjoying higher rates and occupancy. The Indian hospitality industry is expected to witness rapid growth going forward, ITC said. The hotel business accounted for nearly 4% of ITC's total revenue from services and sales and contributed over 2% of its annual profit, according to its latest annual report.

Persons: Varun Vyas, Sohini Goswami Organizations: India's ITC, ITC Hotels, ITC, Tata, Indian Hotels, Taj Hotels, Marriott Hotels, Oberoi, Thomson Locations: BENGALURU, Bengaluru

According to figures from the World Federation of Exchanges, U.S. equity market cap accounted for 41.0% of the world total last year. That was just below the previous year's 42.0%, which was the highest since 2003.chartBased on WFE data, U.S. market share has averaged 38.3% since 2000. Meanwhile, global equity market data provider MSCI estimates that U.S. market cap as a share of the global total hit a record high around 62% in 2021. THAT SHRINKING FEELINGAccording to Datastream, global market cap is around $85 trillion, down from a peak of just under $100 trillion in late 2021. chartShrinking the U.S. slice of the global market cap pie will take time, but there are indications that investors' U.S. equity holdings have already been cut significantly.

Interpol's member countries have raised concerns about how to prepare for possible metaverse crime, Madan Oberoi, Interpol's executive director for technology and innovation, told Reuters. "Some of the crimes may be new to this medium, some of the existing crimes will be enabled by the medium and taken to a new level," he said. Phishing and scams could operate differently when augmented reality and virtual reality are involved, Oberoi said. Virtual reality could also facilitate crime in the physical world, Oberoi said. Users may also create virtual worlds with "extremist rules," the report said.

☆ 34 of the most promising women's health startups of 2022, according to VCs
▼ + stars: | 2022-10-17 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com time to read: +2 min

We asked top venture capitalists to name the most promising women's health startups so far in 2022. The result is a list of 34 companies covering everything from menopause to cardiovascular health. Last year, funding for women's health startups exploded to an impressive $2.5 billion, about a threefold increase from the previous year, according to data from McKinsey and Rock Health. Some think the colloquial label "femtech" for women's health startups prevents investors from seeing the potential of the space. Insider asked top investors to nominate the most promising women's health startups they'd come across, both within and outside their portfolios.

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