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Lebanon's central bank governor says no transfers made from bank's accounts
  + stars: | 2021-01-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: 1 min
BEIRUT (Reuters) - Lebanon’s Central Bank Governor Riad Salameh said on Thursday no financial transfers had been made from the central bank’s accounts. The Swiss Office of the Attorney General (OAG) said on Tuesday it had requested mutual legal assistance from Lebanese authorities related to an investigation into money laundering and possible embezzlement tied to Lebanon’s central bank. Salameh also confirmed a Reuters report that he had answered questions from Lebanon’s public prosecutor earlier on Thursday, based on a Swiss request. He said he was “always ready to answer any questions”.
Persons: Central Bank Governor Riad Salameh, Salameh, Organizations: Central Bank Governor, Swiss, Reuters Locations: BEIRUT
FILE PHOTO: Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo/File PhotoBEIRUT (Reuters) - Lebanese Central Bank Governor Riad Salameh has answered questions from Lebanon’s public prosecutor based on a Swiss request, a senior judicial source told Reuters on Thursday. The source said Salameh decided to respond to further questions directly to Swiss authorities as he was given the option. Salameh did not immediately respond to Reuters requests for comment.
Persons: Lebanon's Central Bank Governor Riad Salameh, Mohamed Azakir, Lebanese Central Bank Governor Riad Salameh, Salameh Organizations: Lebanon's Central Bank Governor, Central Bank, REUTERS, Lebanese Central Bank Governor Locations: Beirut, Lebanon, BEIRUT
FILE PHOTO: Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. REUTERS/Mohamed Azakir/File Photo/File PhotoBEIRUT (Reuters) - Lebanese Central Bank Governor Riad Salameh answered questions from Lebanon’s public prosecutor on Thursday, based on a request from Swiss judicial authorities. Salameh said he had told Public Prosecutor Ghassan Oueidat he stood “ready to answer any questions” and that no financial transfers had been made from central bank accounts. A Lebanese government official told Reuters that Swiss authorities were investigating money transfers by Salameh and also looking into his brother and assistant. Salameh has led Lebanon’s central bank since 1993.
Persons: Lebanon's Central Bank Governor Riad Salameh, Mohamed Azakir, Lebanese Central Bank Governor Riad Salameh, Salameh, Ghassan Oueidat, Reuters Salameh, general’s Organizations: Lebanon's Central Bank Governor, Central Bank, REUTERS, Lebanese Central Bank Governor, Reuters, Lebanese, Swiss, Salameh Locations: Beirut, Lebanon, BEIRUT, Swiss, Lebanese
MILAN (Reuters) - Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell. At a public hearing, prosecutors asked the court to accept two emails sent to Italy by UK authorities. In this email, seen by Reuters, Adoke sent the bank copies of the resolution agreement regarding the oilfield acquisition. The Milan court will decide on Feb. 3 whether to admit the two documents in the case. Milan prosecutors have asked for jail sentences for all the defendants and fines for the two oil giants.
Persons: Stefano Rellandini, Mohammed Adoke Bello, Aliyu Abubakar, Adoke, Abubakar, Abubakar’s, Claudio Descalzi Organizations: MILAN, JPMorgan, Eni, Shell, San Donato Milanese, REUTERS, Prosecutors, JPMorgan Chase, Reuters Locations: Milan, U.S, Nigeria, San, Italy, Nigerian, Swiss
FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. It says a third of its base joined in 2020 when trading on its platform surged five-fold from 2019 to $1.5 trillion. More importantly the mushrooming of mobile trading apps have made it easy for amateur stock pickers to access the $85 trillion global stock market. Almeida noted “a lot more” buying of single-stock options, derivatives that allow holders to buy shares at pre-determined prices. The sheer momentum and prospect of double-digit returns is sucking in more players to the markets.
Persons: Yuriko, Russell, Elon Musk, Jim Reid, eToro, Rob Almeida, ” Almeida, IPOs, Almeida, , Keith Temperton, Organizations: REUTERS, Signal, Tesla, Deutsche Bank, Signal Advance, Reuters, UBS, MFS Investment Management, Corporation, Forte Securities Locations: Tokyo, Swiss, U.S
Euro sinks amid broader risk rally against dollar
  + stars: | 2021-01-20 | by ( Ritvik Carvalho | ) www.reuters.com + 0.00   time to read: +3 min
LONDON (Reuters) - The euro struggled to join a broader risk rally against the dollar on Wednesday as analysts said the risk of extended lockdowns in Europe to combat the spread of COVID-19 and the continent’s lag in a vaccine rollout were weighing on the currency. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. The New Zealand dollar, also a commodity currency like the Aussie, gained 0.25% to $0.7133. The euro forms nearly 60% of the dollar index by weight. It also fell 0.1% against the Japanese yen to 103.81 yen per dollar.
Persons: Yuriko, Europe’s, We’re, , Valentin Marinov, Lagarde, ” Marinov, Joe Biden’s, Janet Yellen, Ebrahim Rahbari, , Mark Haefele, Bitcoin Organizations: REUTERS, Swiss, Credit Agricole, ECB, Bloomberg News, European Central Bank, New Zealand, Treasury, UBS, Wealth Management’s Locations: Europe, COVID, Tokyo, United States, Britain, Washington, U.S
Foresters Financial is partnering with an insurtech on an IoT-enabled platform that promotes healthy lifestyle choices. The pair will build a new platform that rewards Foresters' customers for adopting lifestyle changes that promote physical and mental well-being, as well as community-mindedness. Foresters Financial to roll out IoT-enabled well-being platform. Additionally, adopting IoT devices has been linked to higher Net Promoter Scores among insurers, indicating its potential to boost customer satisfaction. Additionally, adopting IoT devices has been linked to Net Promoter Scores among insurers, indicating its potential to boost customer satisfaction.
Persons: IoT Organizations: Foresters, Intelligence, Swiss, Foresters Financial, Amazon Prime, Apple Locations: Canadian
NEW YORK/LONDON/HONG KONG/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo AllegriLATEST- Bank of America earnings- Halliburton earnings- NBA valuation rankingsFOUR LEGS GOOD. Bank of America, Wells Fargo and JPMorgan collectively put aside $30 billion in provisions during 2020, their yearly financial statements show, which they’ve barely had to use. The news sent the 20 billion Swiss franc group’s shares down some 4% on Tuesday morning.
Persons: Carlo Allegri, Brian Moynihan, bank’s, they’ve, John Foley, Jeff Miller, Lauren Silva Laughlin, Sportico –, don’t, Anna Szymanski, Max, Staples, hackles, Gerry Smith, Richard Beales, Kipling, lockdowns, Alex Whitehouse, Alan Jope, Knorr, Baker McKenzie, Joe Biden, Pete Sweeney, Bracken Darrell, , Liam Proud, Spruengli, Russell Stover, Rob Cox Organizations: Reuters, Corona, Bank of America, REUTERS, Halliburton, JPMorgan, Exxon Mobil, Chevron, The New York Knicks, National Basketball Association, Golden State Warriors, Parent, Madison, Garden, ODP, Sycamore Partners, Britain’s, Foods, Unilever, North, Universal Music, Ingram Micro, Logitech International, Logitech, Swiss Locations: HONG KONG, ZURICH, Manhattan, New York City , New York, U.S, Wells Fargo, North America, The, NYC, Staples, Covid, United Kingdom, People’s Republic, Europe, America, EU, China, Beijing, Swiss
Breakingviews - Corona Capital: Offices, Cakes
  + stars: | 2021-01-19 | by ( Breakingviews Columnists | ) www.reuters.com + 0.00   time to read: +5 min
NEW YORK/LONDON/HONG KONG/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Yet as ODP points out, Staples doesn’t have a buyer or a value to talk about. Indulgence in the time of lockdowns provided a further boost: sales of cakes such as French Fancies and Viennese Whirls grew 7%. The risk is that customers will buy less now that their home offices are kitted out to the max. The news sent the 20 billion Swiss franc group’s shares down some 4% on Tuesday morning.
Persons: Max, Staples, hackles, Gerry Smith, Richard Beales, Kipling, lockdowns, Alex Whitehouse, Alan Jope, Knorr, Baker McKenzie, Joe Biden, Pete Sweeney, Bracken Darrell, , Liam Proud, Spruengli, Russell Stover, Rob Cox Organizations: Reuters, Corona, Inc, ODP, Staples, Sycamore Partners, Britain’s, Foods, Unilever, North, Universal Music, Ingram Micro, Logitech International, Logitech, Swiss Locations: HONG KONG, ZURICH, Encinitas , California, U.S, Staples, Covid, United Kingdom, People’s Republic, Europe, America, EU, China, Beijing, Swiss
Logitech says company can grow after COVID-19 boom
  + stars: | 2021-01-19 | by ( John Revill | ) www.reuters.com + 1.00   time to read: +2 min
FILE PHOTO: Chief Executive Officer Bracken Darrell of the computer peripherals maker Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. “No doubt the trend of people working from home helped us grow our business,” Darrell told Reuters. The maker of keyboards, mice and headsets expects annual sales to rise by 57% to 60%. It will give a sales outlook for 2022 at its upcoming investor day, which usually takes place in early March. “I would be surprised if we grew 57% to 60% next year,” said Darrell, who has been Logitech CEO since 2013.
Persons: Bracken Darrell, , ” Darrell, , Darrell Organizations: Logitech, REUTERS, Reuters Locations: ZURICH, Zurich, Switzerland, Swiss
HONG KONG/LONDON/ZURICH (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Logitech keyboards and mouse are seen in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. Logitech is at heart a hardware business that lacks the economies of scale touted by software groups and online marketplaces. Unsurprisingly then, with planes mothballed and business travel ground to a standstill, Swiss chocolatier Lindt & Spruengli reported a 6.1% slide in organic sales last year. The news sent the 20 billion Swiss franc group’s shares down some 4% on Tuesday morning.
Persons: Baker McKenzie, Joe Biden, Pete Sweeney, Bracken Darrell, , Liam Proud, Spruengli, Russell Stover, Rob Cox Organizations: Reuters, Corona, Logitech, North, Universal Music, Ingram Micro, Logitech International, Swiss Locations: HONG KONG, ZURICH, Zenica, Bosnia, Herzegovina, Swiss, United Kingdom, People’s Republic, Europe, America, EU, China, Beijing
Company logos are seen on products displayed before French food group Danone 2019 annual results presentation in Paris, France, February 26, 2020. LONDON (Reuters Breakingviews) - Investors have soured on yoghurt maker Danone. Activist Bluebell Partners wants the 38 billion euro company to split the role of chairman and chief executive and for boss Emmanuel Faber to step down. Combining the roles of chairman and chief executive may be palatable at outperforming groups like L’Oréal, but not when you are adrift of peers. He or she could use the intervening time to locate a new chief executive should the chief executive again fail to deliver.
Persons: Emmanuel Faber, Faber, Danone’s, Cecile Cabanis, reorganising, Danone, shouldn’t Organizations: Danone, LONDON, Reuters, Activist Bluebell Partners, Unilever, Nestlé, WhiteWave Locations: Paris, France, Nestlé, Swiss
Swiss authorities ask Lebanon to cooperate on central bank probe
  + stars: | 2021-01-19 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
BEIRUT (Reuters) - Swiss authorities have opened an investigation into money transfers by Lebanon’s Central Bank Governor Riad Salameh, a Lebanese government official told Reuters on Tuesday. FILE PHOTO: Lebanon's Central Bank Governor Riad Salameh speaks during a news conference at Central Bank in Beirut, Lebanon, November 11, 2019. The Swiss attorney general’s office said it had requested legal assistance from Lebanon in the context of a probe into “aggravated money laundering” and possible embezzlement tied to the Lebanese central bank. A former Merrill Lynch banker, Salameh has led Lebanon’s central bank since 1993, but the financial system’s collapse shook his reputation as a pillar of stability. His role has come under scrutiny as foreign donors demanded a central bank audit and Salameh turned into a focus of anger for protesters last year.
Persons: Lebanon’s Central Bank Governor Riad Salameh, Lebanon's Central Bank Governor Riad Salameh, Mohamed Azakir Salameh, general’s, Salameh, Banks, Marie Claude Najm, Merrill Lynch Organizations: Lebanon’s Central Bank Governor, Lebanese, Reuters, Lebanon's Central Bank Governor, Central Bank, REUTERS Locations: BEIRUT, Beirut, Lebanon, Swiss, Lebanese
European stocks turn defensive as lockdown worries resurface
  + stars: | 2021-01-19 | by ( Amal S | Sruthi Shankar | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - European stocks inched higher on Tuesday, as possible extension of German lockdowns drew investors into defensive sectors such as healthcare and telecoms. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 15, 2021. REUTERS/StaffAfter gaining almost half a percent at the open, the pan-European STOXX 600 index rose just 0.1% by 0938 GMT, while Germany’s DAX and London’s blue-chip index rose 0.2% each. Defensive sectors that tend to remain immune to economic cycles such as healthcare, telecom and utilities gained the most, while retail stocks took the biggest hit. Analysts are forecasting a 26.3% decline in fourth-quarter profit for companies listed on the STOXX 600, as per Refinitiv IBES.
Persons: lockdowns, Germany’s DAX, Angela Merkel, , Matthias Bausch, Giuseppe Conte Organizations: Reuters, REUTERS, Staff, ” Tech, Logitech, Rio Tinto, Senate Locations: Frankfurt, Germany, Europe, lockdowns, Rio, China, Swiss, Italy
FILE PHOTO: Logitech keyboards are seen in the computer shop in Zenica, Bosnia and Herzegovina October 20, 2020. REUTERS/Dado Ruvic(Reuters) - Logitech International on Tuesday raised its annual forecasts and reported a more than three-fold jump in quarterly adjusted operating income, benefiting from a pandemic-driven boost in demand for work-from-home products and gaming accessories. The computer peripherals maker is raising the 2021 outlook for sales growth and profit for the third time. It now expects sales growth for the full year at 57% to 60% in constant currency terms and adjusted operating income of $1.05 billion. Logitech had previously forecast annual sales growth of 35% to 40% in constant currency terms and adjusted operating income between $700 million and $725 million.
Persons: Dado Ruvic, ” Bracken Darrell Organizations: REUTERS, Logitech Locations: Zenica, Bosnia, Herzegovina, Swiss
Drone footage shows Swiss vineyards under snow
  + stars: | 2021-01-19 | by ( Reuters Editorial | ) www.reuters.com sentiment -1.00   time to read: 1 min
WorldDrone footage shows Swiss vineyards under snowPostedDrone footage showed the UNESCO-listed Lavaux vineyard terraces covered with snow on Monday after heavy snowfall during the weekend.
Organizations: UNESCO
Singapore to resume hosting Shangri-La Dialogue summit in June
  + stars: | 2021-01-18 | by ( Reuters Staff | ) www.reuters.com sentiment -0.91   time to read: +1 min
FILE PHOTO: Singapore's Defence Minister Ng Eng Hen attends the Xiangshan Forum in Beijing, China October 22, 2019. REUTERS/Jason LeeSINGAPORE (Reuters) - Singapore will resume hosting the Shangri-La Dialogue Asian security summit this year after it was cancelled in 2020 due to the COVID-19 pandemic, organisers and the city-state’s government said. A spokeswoman for organiser International Institute for Strategic Studies declined to comment on the expected format or number of attendees. “The Shangri-La Dialogue will resume this year, as more effective safety measures are in place and vaccinations ongoing, Singapore’s defence minister Ng Eng Hen said in a social media post. A preliminary meeting to discuss defence and security issues ahead of the summit started on Monday, with local delegates meeting at a downtown hotel and other joining virtually.
Persons: Ng Eng Hen, Jason Lee SINGAPORE Organizations: Singapore's, REUTERS, International, for Strategic Studies Locations: Beijing, China, Singapore, Swiss, Davos
New coronavirus variant hits posh Swiss resort of St Moritz
  + stars: | 2021-01-18 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A general view shows a snow-covered landscape as the spread of the coronavirus disease (COVID-19) continues, at the Alpine resort of St. Moritz, Switzerland December 11, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Health authorities quarantined two hotels and closed ski schools in the posh Swiss resort of St Moritz on Monday to try to curb an outbreak of the highly infections new coronavirus variant. The eastern canton of Grisons ordered everyone to wear masks in the town of 5,200 that prides itself as a birthplace of modern winter sports. To protect the health of the population and guests, the health department has quarantined the two hotels and ordered corona tests for their employees and guests,” the canton said in a statement. It did not give the guests’ nationalities or reveal which new coronavirus variant had been detected.
Persons: St Moritz, Organizations: REUTERS, Wiegmann, Health Locations: St, Moritz, Switzerland, Wiegmann ZURICH, Grisons
FILE PHOTO: A general view shows a snow-covered landscape as the spread of the coronavirus disease (COVID-19) continues, at the Alpine resort of St. Moritz, Switzerland December 11, 2020. REUTERS/Arnd WiegmannZURICH (Reuters) - Health authorities quarantined two hotels and closed ski schools in the posh Swiss resort of St Moritz on Monday to try to curb an outbreak of the highly infectious new coronavirus variant. It declined to name the hotels and said it assumed foreigners were among the guests but it did not give their nationalities. The canton did not immediately say if the variant was believed to have come from Britain or South Africa. St Moritz ski areas remain open, as well, following the variant outbreak.
Persons: St Moritz Organizations: REUTERS, Wiegmann, Health, . Locations: St, Moritz, Switzerland, Wiegmann ZURICH, Swiss, Grisons, Britain, South Africa
Swiss ski resort St Moritz quarantines hotels to contain COVID variant
  + stars: | 2021-01-18 | by ( Arnd Wiegmann | ) www.reuters.com sentiment -0.99   time to read: +2 min
ST MORITZ, Switzerland (Reuters) - Officials in the upscale Swiss mountain resort of St Moritz quarantined employees and guests of two luxury hotels, closed ski schools and kept schoolchildren home on Monday after a dozen positive tests for a highly infectious coronavirus variant. FILE PHOTO: A general view shows a snow-covered landscape as the spread of the coronavirus disease (COVID-19) continues, at the Alpine resort of St. Moritz, Switzerland December 11, 2020. REUTERS/Arnd WiegmannAbout 300 employees and 95 guests at the Grand Hotel des Bains Kempinski St Moritz and Badrutt’s Palace Hotel were quarantined. The nationalities of those affected were not given, but Grisons said hotel guests probably include foreigners. Local St Moritz officials defended the decision to keep skiing open, saying mask-wearing and social distancing makes it safe, and letting people ski makes other places less crowded.
Persons: St Moritz, des Bains Kempinski St Moritz, Local St Moritz, , Christian Gartmann Organizations: MORITZ, REUTERS, des Bains Kempinski St, Authorities, Local St Locations: Switzerland, St, Moritz, Badrutt’s, Grisons, South Africa, Britain, Wengen
Mouse in hotel room adds to Putintseva's Melbourne quarantine woes
  + stars: | 2021-01-17 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
(Reuters) - If going into strict quarantine ahead of next month’s Australian Open was not difficult enough, Kazakhstan’s Yulia Putintseva has to contend with an unwanted roommate in the form of a mouse. The condition of Putintseva’s room in Melbourne has not helped calm the situation. No one came to help due to quarantine situation,” Putintseva said in a post on Twitter that was accompanied by a video of the mouse scurrying about her room. The video prompted British tennis player Andy Murray’s mother Judy to joke Putintseva needed a cat to solve the problem. Some social media users have hit out at players complaining about having to strictly stay in hotels, prompting Swiss world number 12 Belinda Bencic to clear the air.
Persons: Kazakhstan’s Yulia Putintseva, Yulia Putintseva, Croatia's Petra, Angelo Carconi Putintseva, Abu Dhabi, , ” Putintseva, Andy Murray’s, Judy, Belinda Bencic, “ We’re, , Cirstea, we’ve Organizations: Reuters, WTA, REUTERS, Twitter, Swiss Locations: Rome, Italy, Melbourne, Abu, British
Australian Open to plough ahead despite players' quarantine anger
  + stars: | 2021-01-17 | by ( Ian Ransom | ) www.reuters.com + 0.00   time to read: +4 min
MELBOURNE (Reuters) - Australian Open tournament director Craig Tiley has confirmed the year’s first Grand Slam will go ahead from Feb. 8 despite anger from players forced into hard quarantine in Melbourne due to positive COVID-19 cases on their charter planes. “We are reviewing the schedule leading in to see what we can do to assist these players,” Tiley told the Nine Network on Sunday. A broadcaster on the flight from Los Angeles had tested positive, adding to an aircrew member and a tennis coach on the same plane who were reported on Saturday. FILE PHOTO: Tennis - Australian Open - Men's Singles Final - Melbourne Park, Melbourne, Australia - February 2, 2020. REUTERS/Hannah MckayBruneau was a passenger on a charter flight carrying 23 players from Abu Dhabi.
Persons: Craig Tiley, Tiley, ” Tiley, , Sylvain Bruneau, Canada’s Bianca Andreescu, Serbia's Novak Djokovic, Austria's Dominic Thiem, Hannah Mckay Bruneau, Cirstea, Belinda Bencic, , Emma Cassar, haven’t, Cassar, Uber, they’ve, Bruneau, ” Bruneau Organizations: MELBOURNE, Tennis, Nine Network, , Melbourne, REUTERS, Quarantine, Victoria, Tennis Canada Locations: Melbourne, Los Angeles, Australia, Abu Dhabi, Swiss
Poland's Pekao aiming for higher 2021 profit despite low rates
  + stars: | 2021-01-15 | by ( Agnieszka Barteczko | Anna Koper | ) www.reuters.com sentiment -0.99   time to read: +2 min
WARSAW, Jan 15 (Reuters) - Polish lender Pekao is aiming to increase net profit this year after record low interest rates and high risk costs hit earnings in 2020, its acting chief executive told Reuters. “This operation has attracted attention, but this is not something that would change the bank (Pekao),” Leszek Skiba said in an interview. He said the biggest challenges this year for the sector remained a drop in demand for loans, low interest rates, and Swiss franc loans portfolios. Still, Pekao may increase its net profit after a 40% slump in 2020. Skiba said banks were generally interested in the proposal.
Persons: Jan, Pekao’s, ” Leszek Skiba, ” Skiba, Pekao, Skiba, Agnieszka Barteczko, Anna Koper, Mark Potter Organizations: WARSAW, Reuters, Idea Bank, Swiss
SINGAPORE (Reuters) - The World Economic Forum (WEF) is aiming to attract around 1,000 delegates for its Singapore summit in late May and wants the iconic Marina Bay Sands complex to host the event, two sources familiar with the organisation’s plans said. FILE PHOTO: The Marina Bay Sands integrated resort lights up in tribute to the healthcare workers and people staying home to curb the spread of the coronavirus disease (COVID-19) outbreak in Singapore, April 10, 2020. The WEF and Marina Bay Sands declined comment. Finding a venue for this WEF bubble, where attendees can also eat, sleep and mingle, has led the organisation to target Marina Bay Sands as potential hosts, the sources said. Marina Bay Sands, owned by late billionaire Sheldon Adelson’s Las Vegas Sands, is the most globally recognisable building on the wealthy city-state’s skyline, regularly featured on postcards and other tourist wares.
Persons: Edgar Su, Alvin Tan, Sheldon Adelson’s Organizations: Economic, REUTERS Locations: SINGAPORE, Singapore, Sands, Marina, Swiss, Davos, Alpine, Asian, Marina Bay Sands, Vegas Sands, state’s
WEF reportedly targets Marina Bay Sands for Singapore's 'Davos' summit
  + stars: | 2021-01-15 | by ( ) www.cnbc.com sentiment -1.00   time to read: +1 min
People watch as the Marina Bay area is lit up as part of New Year's Eve celebrations in Singapore on December 31, 2020. The World Economic Forum (WEF) is aiming to attract around 1,000 delegates for its Singapore summit in late May and wants the iconic Marina Bay Sands complex to host the event, two sources familiar with the organization's plans said. The WEF and Marina Bay Sands declined comment. The WEF's previous summit in Davos in January 2020 was one of the last, and attracted 3,000 delegates and thousands of others for side events. WEF is aiming for around 1,000 delegates in Singapore, the sources said, possibly up to 1,800 if conditions allow.
Organizations: Economic Locations: Marina, Singapore, Swiss, Davos, Alpine
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