Two people are seen at an ice cave entrance on the Rhone Glacier in the Swiss Alps. Every summer, the glacier is covered with huge sheets of white fleece blankets to slow down its melting, according to photographer Orjan F. Ellingvag. "The fleece-covered cave attracts more and more tourists worried about global warming and wanting to see the remnants of a dying glacier," Ellingvag said. … [Read more...] about Climate crisis could displace 1.2 billion people by 2050, report warns
Billion group clothing
NEW DELHI: Tesla founder and CEO Elon Musk’s personal wealth plunged by over $16 billion in just over six hours of trading on Tuesday, according to rich lists maintained by Bloomberg and Forbes, as shares of his company saw the worst tumble. The money lost by him on Tuesday is more than the entire worth of the Indian stocks like Titan, HDFC Life and UltraTech Cement. Only 21 companies in India are valued more than the wealth Musk lost in a day. The mercurial technocrat also skidded on the billionaires list. As per Bloomberg Billionaires Index, Musk was sixth richest person in the world and while on Forbes list, he was eighth. At the end of August, Musk had climbed to third position in these lists just after Jeff Bezos and Bill Gates. Tesla stock plunged 21 per cent in Tuesday’s session, logging its biggest daily percentage drop as the electric carmaker was excluded from a group of companies being added to the S&P 500. Investors had widely expected its inclusion after … [Read more...] about Elon Musk’s wealth plunges by $16 billion in six hours
NEW LOCKDOWN RULES FOR ENGLAND FROM MONDAY Max social gatherings SIX PEOPLEApplies indoors and outdoorsApplies in private homesApplies in pubs and restaurantsDoes NOT apply to schools or workplacesDoes NOT apply to weddings, funerals, team sportDoes NOT apply if household bubbles are bigger than six peoplePolice will be encouraged to break up larger groups and issue £100 fines, which will then double on each repeat offence up to £3,200 … [Read more...] about Rule of six ‘will cost Christmas trade BILLIONS’: Restaurants fear there will be no festive party trade – as self-catering providers are hit by swathes of cancellations
Besides fashion, in India, the big rental or pre-owned category is of luxury cars. According to Vinod Kothari, founder of Vinod Kothari Consultants that offers financial consultancy to brands and companies, “Brands such as Volvo and Daimler now allow leasing for three to four years and then agree to take back the asset, charging only about 60-65% of the asset cost over the lease term. In essence, the customer has the exclusive possession and use of the asset for those years, while paying only for a part of the asset cost. If the car is used for business, the rentals are tax-deductible.” … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
Quang Ninh has proactively invested in infrastructure development, particularly in transport, according to Secretary of the provincial Party Committee Nguyen Xuan Ky. Total investment under the public-private partnership (PPP) model in transport over the last five years stands at nearly 50 trillion VND, Ky said, with only about 9 percent sourced from the State. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8