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☆ India monsoon reaches Kerala after longest delay in 7 years
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Sivaram V./File PhotoMUMBAI, June 8 (Reuters) - Monsoon rains reached India's southernmost Kerala coast on Thursday, offering relief to farmers after a delay of more than a week, marking their latest arrival in seven years. The monsoon, the lifeblood of the country's $3 trillion economy, delivers nearly 70% of the rain India needs to water farms and recharge reservoirs and aquifers. "Southwest Monsoon has set in over Kerala today, the 8th June, 2023, against the normal date of 1st June," the state-run India Meteorological Department (IMD) said in a statement. The IMD confirms the monsoon has begun after taking into account rainfall measured at weather stations in the southern state of Kerala and westerly wind speeds. Conditions are favourable for the monsoon to further advance into the central Arabian Sea and some parts of Kerala, Tamil Nadu and Karnataka states, the IMD said.

Persons: Rajendra Jadhav, Mayank Bhardwaj, Tom Hogue, Barbara Lewis Organizations: REUTERS, India Meteorological Department, IMD, Thomson Locations: Indian, Kochi, MUMBAI, Kerala, India, Tamil Nadu, Karnataka

☆ India monsoon advances after stalling for 11 days
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, May 30 (Reuters) - India's monsoon rains advanced into some more parts of southwest Bay of Bengal after stalling for the past 11 days at a far-flung island, weather department said on Tuesday. The monsoon, the lifeblood of the country's $3 trillion economy, delivers nearly 70% of the rain that India needs to water farms and recharge reservoirs and aquifers. Monsoon rains arrived over the remote Andaman and Nicobar Islands on May 19, but then didn't make any progress until May 30, the India Meteorological Department (IMD) said. This year, the onset of the monsoon over Kerala is likely to be slightly delayed. The onset of monsoon rains over the southern Indian state is likely to be on June 4, with a model error of plus/minus 4 days.

☆ Credit Suisse mess leaves scattered Swiss debris
▼ + stars: | 2023-04-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +7 min

ZURICH, April 24 (Reuters Breakingviews) - Swiss government intervention to save Credit Suisse (CSGN.S) from collapse last month may have avoided a financial market storm. SWISS “TRINITY” QUESTIONThe rescue of Credit Suisse has other consequences. The Swiss Bankers Association has called for an independent inquiry, and lawmakers gave a symbolic thumbs-down to the rescue of Credit Suisse on April 12. A Senate Finance Committee report found last month Credit Suisse had violated a 2014 deferred prosecution agreement with U.S. authorities by continuing to help rich Americans dodge taxes. Switzerland’s parliament on April 12 rejected a Credit Suisse rescue package that included 109 billion Swiss francs in financial guarantees.

☆ Soaring temperatures bring school closures in parts of India
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

KOLKATA, April 18 (Reuters) - Authorities in parts of India have shut schools for a week after they recorded sweltering temperatures of more than 40 Celsius (104 Fahrenheit). At least two states, Tripura in the northeast and West Bengal in the east, ordered schools to shut this week, as temperatures rose more than 5 Celsius above normal, state governments said. India is likely to experience heat waves between March and May, the national weather office said in February. Average maximum temperature in February across India was 29.54C 85.1F) the highest since 1901, when the IMD started keeping weather records. Reporting by Subrata Nag Choudhary Shilpa Jamkhandikar; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Keep Credit Suisse-UBS separate entities under same umbrella, professor says
▼ + stars: | 2023-04-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKeep Credit Suisse-UBS separate entities under same umbrella, professor saysDirector of the IMD World Competitiveness Center, Arturo Bris, lays out his vision for the Swiss financial landscape after the UBS takeover of Credit Suisse.

☆ Credit Suisse rescue creates bank twice the size of Switzerland's economy
▼ + stars: | 2023-03-23 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

London CNN —The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal for Switzerland. An aerial view of the headquarters of Credit Suisse, center, and UBS, left, at Paradeplatz in Zurich, Switzerland on Sunday, 19 March, 2023. Credit Suisse is “part of Switzerland’s identity,” said Hans Gersbach, a professor of macroeconomics at ETH university in Zurich. “The Credit Suisse Swiss bank is a fine asset that we are very determined to keep,” Kelleher said Sunday. Integration is difficultAt $3.25 billion, UBS got Credit Suisse for 60% less than the bank was worth when markets closed two days prior.

☆ Analysis: Credit Suisse collapse threatens Switzerland's wealth management crown
▼ + stars: | 2023-03-22 | by ( John Revill | ) www.reuters.com time to read: +6 min

[1/3] Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. Switzerland's credibility as a stable, predictable country had been upended by moves like the decision to wipe out the holdings of Credit Suisse bondholders, he said. Under the takeover deal, holders of Credit Suisse AT1 bonds will get nothing, while shareholders, who usually rank below bondholders in compensation terms, will receive $3.23 billion. "In that sense I also see a prosperous future for the financial centre because we have hundreds of very well capitalised banks and very successful wealth management and asset management banks." Reuters Graphics Reuters GraphicsReuters GraphicsOthers were more skeptical about the future, highlighting a reluctance to confront mistakes at Credit Suisse or take responsibility for the aftermath.

☆ Weather threatens Indian winter crops just before harvesting
▼ + stars: | 2023-03-15 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

MUMBAI, March 15 (Reuters) - Untimely rains and hailstorms could damage India's key winter-sown crops such as wheat, rapeseed and chickpeas just before harvesting begins for plants that have already suffered some heat stress, industry and weather department officials said. India's weather department has warned key growing states in central, northern, and western regions could receive more rain and hailstorms in the next 10 days. "Rainfall and hailstorms are raising concerns, since harvesting of winter crops just started. Farmers usually start planting wheat, rapeseed and chickpeas in October and November, and harvest them from the end of February. The maximum temperature in some wheat growing areas jumped above 39 degrees Celsius earlier this month, nearly seven degrees Celsius above normal, according to weather department data.

☆ India to get heat waves this year after hottest February on record
▼ + stars: | 2023-02-28 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +2 min

"Enhanced probability of occurrence of heat wave during March to May season is likely over many regions of Central and adjoining Northwest India," the India Meteorological Department (IMD) said in a statement. In March, the crucial month for the maturity of winter-sown crops, above normal maximum temperatures are likely over most parts of the country except peninsular India, it said. India grows only one wheat crop in a year, with planting in October and November, and harvesting from March. A heat wave curtailed India's wheat production in 2022 and forced the world's second largest producer to ban exports. Average maximum temperature in February was 29.54 degrees Celsius, the highest since 1901, when the IMD started keeping weather records.

☆ Delhi fog delays flights, cold wave closes schools
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

"Due to dense fog, flight operations at Delhi Airport may get affected," it said on Twitter. It also said power lines could trip in areas with dense fog. Many private schools were to reopen on Monday. The lowest for Sunday was 3.8 degrees Celsius, which the IMD said was 3 degrees below normal for this time of year. A cold wave is declared in the plains of India when the minimum temperature dips to 4 degrees Celsius or falls 4.5 degrees below normal to 10 degrees Celsius or below.

☆ New Delhi fog disrupts air and rail travel
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] A man walks across the lawns near India Gate on a cold winter morning in New Delhi, India, December 27, 2022. REUTERS/Anushree FadnavisNEW DELHI, Dec 27 (Reuters) - Low temperatures and fog in New Delhi hit air and rail movement on Tuesday morning as a cold wave gripped the Indian capital with minimum temperatures dipping as low as 5.6 degrees Celsius (42 F). Local media reported that 15 trains to Delhi were also running late because of fog. The IMD also forecast cold wave conditions in some areas over the northwest states of Punjab, Haryana and Delhi during the next two days. A cold wave is declared in the plains of India when the minimum temperature dips to 4 degrees Celsius or falls 4.5 degrees Celsius below normal to 10 degrees Celsius or below.

☆ Nike's financial results: It takes more than one CEO to turn a company around, professor says
▼ + stars: | 2022-12-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike's financial results: It takes more than one CEO to turn a company around, professor saysHoward Yu, professor of management and innovation at IMD, discusses Nike's better-than-expected financial results and the leadership situation at Twitter.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

☆ Bob Iger is back at Disney. He can't rely on the same old script.
▼ + stars: | 2022-11-22 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

Disney is looking to Bob Iger to lead the company and to find another successor — again. It's critical for returning CEOs to approach the job as if it were their first time. Disney shares jumped as much as 10% on Monday after the company announced that Iger would replace his hand-picked successor, Bob Chapek. The researchers didn't study the reasons why returning CEOs performed worse, but wrote in a 2020 article that many returning CEOs "barely recognize the company upon returning." Being "mindfully alert" as a returning CEO, Kauffman said, means you are "not bringing judgments to the table, but trying to keep an open mindset."

"It is definitely a business school case study. Musk's attempt to take over Twitter is "a gift to professors and students", said Joshua White, a professor at Vanderbilt University, calling the situation "unprecedented". While the messages reflect his unusual approach to running a business, taking control of Twitter will mean managing it, at least initially. "What is to come is unclear," said Donna Hitscherich, a Columbia Business School professor. Success or failure, it will be an instant business school classroom staple, experts say.

☆ Queen Elizabeth led the UK for 70 years. Here are the most important lessons on leadership from her reign.
▼ + stars: | 2022-09-14 | by ( Rachel Durose | Shana Lebowitz | ) www.businessinsider.com time to read: +6 min

Queen Elizabeth II, who died on September 8, was the longest-ruling monarch in British history. Queen Elizabeth II didn't build such a devoted following by merely wearing a crown. Here are the most meaningful leadership lessons from Queen Elizabeth II's reign. To counteract this declining public image, Queen Elizabeth II led the United Kingdom by putting her people above all else, McGovern said. Queen Elizabeth II making her first Christmas broadcast to the nation from Sandringham House in Norfolk, England on December 25, 1952.

☆ Cele mai bune ţări pentru mediul de business în 2020
▼ + stars: | 2020-06-21 | by ( On | In | ) omniapres.md time to read: +1 min

Care sunt cele mai bune ţări pentru mediul de business în 2020: România s-a clasat peste Brazilia şi Africa de Sud, dar sub Ungaria şi BulgariaÎn timp ce puterile globale se întrec într-o cursă a dominaţiei economice, ţările mici pot reprezenta locaţii mult mai prielnice mediului de business, potrivit unui raport citat de CNBC. Singapore şi-a menţinut prima poziţie pentru al doilea an consecutiv, în timp ce Danemarca a urcat şase locuri pentru a ocupa a doua poziţie. Ţările au fost urmate de Elveţia (locul 3), Olanda (locul 4) şi Hong Kong (locul 5), care anul trecut reuşea să atingă podiumul. Între timp, Statele Unite (locul 10) şi China (locul 20) au scăzut şapte şi, respectiv, şase locuri. Raportul anual clasează ţările în funcţie de cinci indicatori: performanţa economică, eficienţa guvernului, eficienţa business-urilor şi infrastructura.

Organizations: CNBC Locations: România, Brazilia, Africa de Sud, Ungaria, Bulgaria, Statele Unite, China, Lausanne, Elveţia, Singapore, Danemarca, Olanda, Hong Kong, Singapore Danemarca Elveţia Ţările, Jos Hong Kong Suedia, Canada Emiratele Arabe Unite Statele Unite ale Americii, Argentina, Rusia

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