The United Nations World Tourism Organization (UNWTO) announced its commitment to sustainable tourism at Annual Investment Meeting
The United Nations World Tourism Organization (UNWTO) has announced their commitment to sustainable growth through the power of government and investment in the tourism industry. In the same context, they hosted a forum at the 12th edition of Annual Investment Meeting that focused on Investing in People – Investing in Planet – Investing in Prosperity’.
Funds begin parking sanction-hit Russian assets in ‘side pockets’
Some of the world’s biggest money managers are talking to investors and regulators about stripping Russian assets from their funds, helping them unlock billions of dollars of investments which became illiquid due to the war in Ukraine.
KKR raises $19 billion for flagship North America private equity fund
Buyout firm KKR & Co Inc (KKR.N) said on Monday it has raised $19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever.
After volatile January, world stocks start February on firm note
World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Federal Reserve officials helped to calm rate-hike jitters.
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc (UBER.N) is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc (DIDI.N), its CEO said on Tuesday, who also described the China market as a tough one with little transparency.
China updates risk management rules for insurance groups
China’s banking and insurance regulator on Tuesday issued new rules governing the risk management of insurance groups, which will step up supervision, limit holdings of non-core units and regulate their investments in other companies.
EXCLUSIVE Europe’s telcos want U.S. tech giants to help fund network costs
U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily, chief executives of Deutsche Telekom (DTEGn.DE), Vodafone (VOD.L) and 11 other major European telecoms companies said on Monday.
Citigroup to create 100 roles in digital asset push
Citigroup (C.N) is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
Macron rolls out red carpet to JPMorgan, global CEOs in post-Brexit push
President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which he hopes will attract more bankers leaving post-Brexit Britain.
