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☆ Uber's AI potential is making it stand out among its peers. Here's what that could mean for its stock.
▼ + stars: | 2023-05-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

All told, there is a nearly $6 trillion in revenue opportunity from AI across the internet industry, a March report from Morgan Stanley found. "UBER/LYFT/DASH already use ML [machine learning] in their matching algorithms (matching rides/eaters with drivers/couriers)," Morgan Stanley wrote in its report. AI tailwind for Uber Uber has both its ride-sharing service and UberEats food delivery business. According to Morgan Stanley, AI and machine learning will be a tailwind to network efficiency. "The extent to which AI drives substantial improvements in top-line growth could lead to teens upside [for the stock]," Morgan Stanley said.

☆ India's population will overtake China's – what does that mean for the world?
▼ + stars: | 2023-03-29 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 1.4 billion population will almost certainly bring economic opportunities, but could it set back the country's growth? Both countries have more than 1.4 billion people, but where India's population is relatively young, China's birth rate is in decline and its population is getting older. What does it mean for India? Alok Khirsagar, the report's co-author, said India's digital infrastructure will be central to generating jobs for India's young population. "It's very important that we're able to use technology to distribute manufacturing services into smaller towns and smaller cities, and not as dependent on the large cities to drive growth," he said.

☆ Reliance Industries names new chief financial officer
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: 1 min

MUMBAI, March 25 (Reuters) - Reliance Industries Ltd (RELI.NS) has appointed Srikanth Venkatachari as chief financial officer effective June 1, according a late evening release by the company. He takes over from Alok Agarwal, who has been CFO since 2005, and will now assume the role of senior advisor to Reliance Chairman Mukesh Ambani. Venkatachari is currently the joint CFO for the company. Reporting by Ira Dugal; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

[1/2] Bottles of Campa Cola and Coca Cola are displayed at a Reliance Smart supermarket in Mumbai, India March 20, 2023. Other well known tycoons have tried to go toe-to-toe with the drinks giants, and failed, most notably Richard Branson with his Virgin Cola. The smallest bottles of Campa Cola and Coke both cost 10 rupees, while Pepsi starts from 12 rupees. Reliance did not respond to a request for comment, while Pepsi said it doesn't comment on competition as a policy. Another city store employee said 30 Campa bottles were being sold for every 100 of Pepsi and Coca-Cola.

☆ Analysis: Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect
▼ + stars: | 2023-03-08 | by ( Sudarshan Varadhan Sarita Chaganti Singh Matthew Chye | Sudarshan Varadhan | Sarita Chaganti Singh | ) www.reuters.com time to read: +6 min

April nighttime peak demand is expected to hit 217 gigawatts (GW), up 6.4% on the highest nighttime levels recorded in April last year. "Even the smallest interruption in power supply will create havoc," Nair said. As much as 189.2 GW of coal-fired capacity is expected to be available this April, according to Grid-India's February note. The strain comes after sundown, as coal-fired capacity has grown only 9% over the last five years. Hydro and nuclear power capacity additions face tougher obstacles, as they are hobbled by lack of foreign investment and opposition from critics over safety and environmental issues, boding ill for power supply down the track.

☆ British embassy guard who spied for Russia filmed "secret" letter to PM, London court told
▼ + stars: | 2023-02-13 | by ( Sam Tobin | ) www.reuters.com time to read: +4 min

Morgan said Smith sent a letter containing "highly sensitive information about the British embassy and those who worked within it" to General Major Sergey Chukhrov, the Russian military attaché to Berlin, in November 2020. She added that the discovery of Smith's letter to Chukhrov prompted a joint investigation between British and German authorities. Covertly recorded footage was played in court showing Smith filming CCTV footage of "Dmitry" from within the embassy's security kiosk. Smith was later approached by "Irina", who told him that she needed assistance as someone had "passed information to the British and the information could be damaging to Russia". In hidden camera footage played to the court, "Irina" asks if Smith can help and he replies: "Well, like what?"

☆ India proposes cuts in personal income tax rates under new taxation regime
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chests of drawers are pictured at the Income Tax office in New Delhi April 5, 2013. REUTERS/Mansi Thapliyal/FilesNEW DELHI, Feb 1 (Reuters) - India will raise the personal income tax rebate limit to 700,000 rupees ($8,565) under the new tax regime from the previous 500,000 rupees, Finance Minister Nirmala Sitharaman said in her budget speech on Wednesday. "This will provide major relief to all tax payers in the new regime," Sitharaman said in her budget speech. "The new tax regime has got a great boost by the budget announcements made by the FM (finance minister)," said Alok Agrawal, partner, Deloitte India. She said an individual with an annual income of 900,000 rupees will be required to pay 45,000 rupees as income tax, while those with an income of 1.5 million rupees would pay 150,000 rupees or 10% of their income.

"If prices keep increasing, rural consumers will move towards smaller pack sizes since there's a strain on wallets," said Alok Shah, a consumer analyst at India's Ambit Capital. Shah said poorer rural consumers could move to cheaper locally-made products instead of those produced by Unilever. HUL, the biggest consumer company in India by sales, said last January that demand in rural India - where average incomes are lower than urban areas - had begun to slow as prices rose. Unilever did not respond to questions on how much of its revenues come from rural consumers. HUL Chief Executive Sanjiv Mehta said, however, the company had begun seeing signs of a pick up in rural sales as inflation eases and farm incomes rise again.

☆ Queen guitarist May, soccer Lionesses named in king's New Year honours
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Denis Pellerin/Handout via REUTERSLONDON, Dec 30 (Reuters) - Britain recognised Queen guitarist Brian May, several English "Lionesses" who won the European women's soccer championship and diplomats involved in the response to Russia's invasion of Ukraine in King Charles' first New Year's honours list. Four members of the England women's soccer team received honours, with captain Leah Williamson awarded an OBE, while the tournament's golden boot winner Beth Mead, defender Lucy Bronze and all-time top scorer Ellen White received MBEs. The team's coach, Dutch national Sarina Wiegman, received an honorary CBE - a type of award given to foreign nationals. Queen Elizabeth died in September, making the New Year's honours the first to be awarded by King Charles since he came to the throne. The list is drawn up by independent committees, before it is approved by the prime minister and the monarch.

☆ UK government greenlights first new coal mine in three decades
▼ + stars: | 2022-12-07 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +5 min

CNN —The UK has greenlit a controversial plan to open the country’s first new coal mine in three decades, a little more than a year after the nation tried to convince the world to ditch coal at the COP26 climate talks in Glasgow. Committee chairman Lord Deben said in a statement: “Phasing out coal use is the clearest requirement of the global effort towards Net Zero. We condemn, therefore, the Secretary of State’s decision to consent to a new deep coal mine in Cumbria, contrary to our previous advice. This decision grows global emissions and undermines UK efforts to achieve Net Zero.”The mine’s approval was also met with fierce criticism from scientists and environmentalists. Its opponents argue these jobs may not be secure, given the huge momentum in Europe to phase out coal.

[1/10] Delegates applaud as COP27 President Sameh Shoukry delivers a statement during the closing plenary at the COP27 climate summit in Red Sea resort of Sharm el-Sheikh, Egypt, November 20, 2022. "We had to fight relentlessly to hold the line of Glasgow," a visibly frustrated Alok Sharma, architect of the Glasgow deal, told the summit. He listed off a number of ambition-boosting measures that were stymied in the negotiations for the final COP27 deal in Egypt: "Emissions peaking before 2025 as the science tells us is necessary? Another section of the COP27 deal dropped the idea of annual target renewal in favour of returning to a longer five-year cycle set out in the Paris pact. "I recognise the progress we made in COP27" with the loss and damage fund, Aminath Shauna told the plenary.

☆ COP27 deal is a blessing in a very good disguise
▼ + stars: | 2022-11-21 | by ( George Hay | ) www.reuters.com time to read: +4 min

SHARM EL-SHEIKH, Egypt, Nov 21 (Reuters Breakingviews) - The world’s premier forum for combatting climate change concluded in Egypt’s Sharm El-Sheikh on Sunday with an inadequate agreement to reduce global greenhouse gas emissions. At Glasgow’s COP26 a year ago, the world’s nearly 200 nations promised to update their decarbonisation plans in 2022. Pessimists will accurately stress that a newly agreed loss and damage fund to pay off affected countries is just an empty bucket – the details will be determined later. At COP26 it was obvious a perceived lack of generosity from richer nations was holding back efforts to mitigate and adapt to climate change. The commitment to establish a dedicated “loss and damage” fund left many of the most controversial decisions on how it might work until next year, including who should pay into it.

☆ What are people saying about the COP27 deal?
▼ + stars: | 2022-11-20 | by ( ) www.reuters.com time to read: +3 min

"I urge you to acknowledge when you walk out of this room, that we have all fallen short in actions to avoid and minimise loss and damage. "Too many parties are not ready to make more progress today in the fight against climate crisis." PAKISTAN CLIMATE CHANGE MINISTER SHERRY REHMAN"We have struggled for 30 year on this path and today in Sharm el-Sheikh this journey has achieved its first positive milestone ... MALDIVES CLIMATE CHANGE MINISTER AMINATH SHAUNA"I recognise the progress we made in COP 27 particularly on...the funding arrangements for loss and damage. And we were able to prevent a backslide behind the consensus of Glasgow and Paris (climate summits).

☆ Analysis: COP27 loss and damage fund heralds 'new dawn for climate justice'
▼ + stars: | 2022-11-20 | by ( Megan Rowling | ) www.reuters.com time to read: +8 min

Yeb Saño, head of Greenpeace Southeast Asia, said the fund's approval "marks a new dawn for climate justice." While the loss and damage fund would not be enough to deal with growing climate losses, "it is a much-needed political signal to rebuild broken trust" between rich and poor nations, he said in a video statement. Their opposition was rooted in fears of being held financially liable for the impacts of their historically high greenhouse gas emissions. FOSSIL FUELS MISSINGPolitical figures had urged countries at COP27 to set aside geopolitical fights in order to keep climate action on track. Manuel Pulgar-Vidal, global climate and energy lead for environmental group WWF, who presided over COP20 in Peru, said leaders had missed the chance in Egypt to speed up the rapid and deep emissions cuts essential to limit climate damage.

☆ COP27: France, Spain latest to pledge halt to gasoline-driven vehicle sales
▼ + stars: | 2022-11-16 | by ( Simon Jessop | ) www.reuters.com time to read: +3 min

The countries made their pledges at the COP27 climate talks in Egypt's Sharm el-Sheikh, among a group of new signatories to the Zero Emission Vehicles Declaration (ZEVD), launched at last year's conference in Glasgow. [nL1N2S11J6]Signatories, including countries, municipalities and companies, pledged to shift to 100% sales of zero-emission vehicles by 2035 in leading markets and by 2040 across the globe. The total number of signatories to the pledge now stands at 214, from 130 a year earlier. Going forward, the ZEVD would be overseen by a new group, the Accelerating to Zero Coalition, that aims to help signatories implement their commitment. Data released by BloombergNEF showed 2022 would be a record year for sales of zero-emission vehicles with electric vehicles comprising 13.2% of all sales in the first half of the year.

The failure by rich nations to deliver in full on a past pledge to deliver $100 billion in annual climate finance to developing countries has rankled in recent years of climate talks. "We cannot afford a further erosion of trust between the developed and developing countries," said Samoa's Prime Minister Fiame Naomi Mataafa. The burning of fossil fuels is the main cause of climate change, but coal, gas and oil were notably absent in the draft deal. The draft COP27 text did not hint at which route the final deal will take on this issue. "We cannot lose 1.5 at this COP," said Alok Sharma, president of last year's U.N. climate summit, COP26, in Glasgow, Scotland.

Progress since has been patchy, with only a few countries instituting more aggressive policies on deforestation and financing. Among the new sources of financing, Germany said it would double its financing for forests to 2 billion euros ($1.97 billion) through 2025. PRIVATE CASH PILES UPPrivate companies announced $3.6 billion in extra money. Other initiatives towards meeting the 2030 forest pledge also announced incremental progress at the opening of COP27. In September, the initiative announced standards that companies should follow to trace commodities and disclose links to deforestation.

☆ Where's the money? COP27 climate summit opens with a rallying call for rich nations to pay up
▼ + stars: | 2022-11-07 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

The COP27 summit sees delegates from nearly 200 countries gather in Egypt's Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis. Climate finance, as it has done since the first U.N. climate conference in 1995, will once again play a pivotal role. Climate reparations, sometimes referred to as "loss and damage" payments, are widely expected to dominate the COP27 talks. Indeed, for the first time ever, the topic of loss and damage finance formally made it onto the COP27 agenda. "AOSIS is here to agree to the establishment of a new Loss and Damage Response Fund at COP27 that is operational by 2024.

☆ UK to extend windfall taxes on energy firms - The Times
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

Nov 2 (Reuters) - British Prime Minister Rishi Sunak and finance minister Jeremy Hunt are planning to extend windfall taxes on oil and gas companies to raise nearly 40 billion pounds ($45.55 billion) over the five years, The Times reported on Wednesday. Sunak and Hunt want to maximise revenues from the windfall tax, by increasing the rate from 25% to 30% and extending it until 2028, the newspaper said, adding the scheme will be expanded to cover electricity generators. In May, Sunak under former Prime Minister Boris Johnson's government, introduced the 25% windfall tax on oil and gas producers' profits, which helped to fund a package of support for households. The decision back then was met with critiques from oil and gas companies that it would shrink investment and domestic production. The president of the COP26 climate summit Alok Sharma said earlier this week that Sunak's government should explore extending a windfall tax on oil and gas firms.

☆ UK PM Rishi Sunak will now attend COP27, reversing decision to skip
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: +2 min

British Prime Minister Rishi Sunak will attend the COP27 summit in Egypt next week, he said on Wednesday, reversing a much-criticised decision to skip the annual climate gathering in order to work on pressing economic issues at home. There is no energy security without investing in renewables," Sunak wrote on Twitter. The deal was meant to ensure that the world still has a chance to avert the worst impacts of global warming. "The prime minister has been shamed into going to COP27 by the torrent of disbelief that he would fail to turn up," the opposition Labour Party's climate policy spokesperson Ed Miliband said. Britain's COP26 president Alok Sharma, who had criticised Sunak's initial decision to skip the summit in a newspaper interview, said he was "delighted" the prime minister was going to the conference.

Sunak became prime minister on Monday, and has delayed an autumn fiscal statement to Nov. 17 as he looks to tackle a cost-of-living crisis and restore international economic credibility damaged in the short tenure of his predecessor Liz Truss. Truss had been expected to attend, but on Thursday Sunak's Downing Street office said the new prime minister was not planning to go to the summit. "The Prime Minister is not expected to attend the summit in Egypt due to other pressing domestic commitments, including preparations for the autumn statement," a Downing Street spokesperson said. The spokesperson said that Britain remained "absolutely committed to supporting COP27 and leading international action to tackle climate change and protect nature," having hosted the COP26 summit in Glasgow last year. The opposition Labour Party criticised Sunak's decision to skip the summit, with its climate change policy spokesperson calling it a "big mistake."

Members of media and Jammu and Kashmir government officials wait to enter a multi-screen cinema hall run by India's leading multiplex chain Inox before its inauguration in Srinagar September 20, 2022. "Even the Q3 releases, which happen to take place during the festive season, are somewhat muted and underwhelming in the response they are getting," film producer and trade analyst Girish Johar said. In the first quarter, Inox reported a 29% occupancy rate, while PVR said its rate was 33.6% in the same period. The two chains are set to merge in an all-stock deal and become the country's largest exhibition company with 1,546 screens across 109 cities. And we have some major challenges with the content in Q2," Inox Chief Executive Alok Tandon said in an earnings call on Wednesday.

☆ COP26 had big ambitions — here's why it fell short
▼ + stars: | 2021-11-19 | by ( Tom Chitty | Sam Meredith | ) www.cnbc.com time to read: +1 min

"I apologize for the way this process has unfolded, and I am deeply sorry." Speaking after the Glasgow Climate Pact had been agreed by nearly 200 countries, Alok Sharma, the U.K.'s COP26 president, captured the feeling of disappointment held by many inside the conference center. China and India, which are among the world's biggest burners of coal, had amended the language in the pact from a "phase out" of coal to a "phase down." It's a far cry from the crucial 1.5 degrees Celsius rise that would limit the worst effects of the climate emergency, a target dating from the landmark 2015 Paris Agreement. Watch the video above to find out what happened in Glasgow and why COP26 struggled to achieve its aims.

Persons: Alok Sharma, It's, COP26 Locations: Glasgow, China, India, Paris

☆ (video) David Guetta, numărul unu în clasament. Ce nume au mai reușit să ocupe primele poziții în topul celor 100 DJ în 2020
▼ + stars: | 2020-11-09 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

(video) David Guetta, numărul unu în clasament. Ce nume au mai reușit să ocupe primele poziții în topul celor 100 DJ în 2020Industria festivalurilor, asemeni celorlalte evenimente culturale, a fost afectată și ea de pandemie. Toți care sunt în tema muzicii electronice sunt familiarizați titlul de DJ Mag Top 100. De altfel, revista DJ Mag a publicat topul celor mai buni DJ din anul 2020, nume care vrem să le împărtășim cu voi. Pe primul loc s-a clasat David Guetta.

Persons: David Guetta, El, Dimitri Vegas, Martin Garrix, Armin van, Don, Oliver Heldens, Steve, Timmy Locations: Amsterdam

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