Thousands of protesters rallied in Tel Aviv on Saturday against Israel’s new law declaring it the nation-state of the Jewish people, legislation that has angered the country’s Arab minority and drawn criticism abroad.
Ghost broking, gross written premiums and capex, not to mention the wonderful world of opex
The world of finance and business and, by extension, the City pages of newspapers, continues to be a bewildering place. Last week, there was mention of ghost broking and gross written premiums, while another report had the following gem: “Given that guidance was reiterated 10 weeks ago, operations have clearly taken a marked turn for the worse and the lack of new guidance indicates that management is currently unable to forecast its own business.” Reading between the lines, I suspect this means that the high-ups haven’t a bloody clue what they are doing and need a big kick up the backside.
Elsewhere, reporting on Blackstone, a $43bn investment giant, we had: “When companies’ earnings are up, they tend to be more inclined to hire. They tend to be more inclined to capex [capital investment].” Thank heavens for the explanation in square brackets, though I do feel that the above was a bit stating the bleeding obvious. And I’m giving Jonathan Gray, Blackstone’s chief operating officer, the benefit of the doubt that he is using capex as a noun and not a verb, but given the looseness of language use of executive types, I still harbour doubts. And I think we’ll leave opex for another day.
As consumer demand drives urgency within retail to deliver products faster than ever, more and more companies in the industry are trying to move toward a fast fashion model. Sonia Lapinsky of AlixPartners shares insights into how companies can be successful with fast-fashion.
Keynote speakers include Haier Chairman Zhang Ruimin and Ctrip Vice Chairman Fan Min
Jose Aldo is contemplating a move to lightweight, but first he wants to know what the UFC’s plans are for Max Holloway and the featherweight division.
Beijing leaders weigh likely effects of retaliation on domestic economy
It is a crucial component in the expansion of renewable energy, but to meet demand miners will have to operate in countries difficult to navigate
In an interview with Forbes, Sasha Ivanov, the CEO at $200 million smart contracts blockchain Waves and blockchain infrastructure development firm Vostok, said that decentralized crypto exchanges are capable of competing against centralized trading platforms and eliminate fake volumes.