MUMBAI: The concept of a dormitory was aimed at accommodating guests who just wanted a place to sleep. However, a new concept called capsule hotels or pod hotels has started to gain popularity across the world. A pod hotel tends to strip a hotel room of all the superfluous facilities and compresses it down to space for a single person’s use. The idea took shape way back in the late 1970s and even as the rest of the world started to adapt it gradually, India’s first pod hotel commenc...
Julie Brill Microsoft has hired former FTC commissioner Julie Brill as its new corporate vice president in charge of privacy, data protection and other regulatory issues — a newly created role at the Redmond tech giant. Brill was appointed by President Obama to the U.S. Federal Trade Commission in 2010 and served in the role for nearly six years. She stepped down last year to join law firm Hogan Lovells, heading up its Global Privacy and Cybersecurity Practice Group. In her new role at Micr...
Royal Caribbean Cruises said business in Asia has been struggling due to tensions between China and Korea. In this photo, Ovation of the Seas — one of the Royal Caribbean International ships that sails from China — is shown in Singapore. Royal Caribbean InternationalSkift Take: As cruise executives often say, having ships all over the world means some areas boom while others struggle. At the moment, China-Korea tensions are hurting Royal Caribbean's business in Asia, but other regions...
We all have at least one of those car nerd friends, the one that will take twenty minutes just to examine how a piece of suspension is put together or how a door handle works (that’s me, by the way). Car nerds can obsess over the most minute of details on a performance car, especially something of impressive engineering. Sometimes, car nerds obsess about those small details more than the car itself and its performance capabilities. If that’s you, the BMW M4 GTS is a car to geek the h...
TORONTO — There is plenty of room for discount food retailers such as No Frills to play a bigger role in Canada and the U.S., a new report suggests, given that low-cost supermarket chains now account for close to half of the grocery market in some European countries. Discount grocers had a small impact in most markets around the world a decade ago, but now the players, spurred by powerhouse businesses such as German discount chains Aldi and Lidl, are stealing more and more market share fr...
Since Yogi Adityanath took over as chief minister of Uttar Pradesh, the state government has cracked down on slaughterhouses. The crackdown threatens to take a toll on the economy of the state which is the largest meat producer in the country. It is noteworthy that many other industries are also dependent on slaughterhouses. For a state that has an endemic unemployment problem, the decision may add to economic and social stress. What is the issue? Scores of slaughterhouses—legal and ille...
Your week in review in haiku:   1. Eventually! But at a later date, in some form and such as   2. Canada? The one With all that extra health care? Don't pick fights with them.   3. For one hundred days, the button brought Coke, not nukes. Now, hide the remote?   4. Casa de Vida. When judgment day comes for you: Sanctuario.   5. Can we all agree to just stop asking Tyrese Ilie Any more questions?       Have a refreshingly rhythmic weekend.    On P...
Leo Fitzpatrick recently sat down with GQ Style to talk about his recent appearance in the new Palace video ad alongside Jonah Hill. The New York icon who is also an actor and gallerist is renowned for his gripping on-screen roles (Kids, The Wire) and for being one of Supreme's biggest affiliates. In the interview, Fitzpatrick touches on a lot of things, including his thoughts on Supreme now compared to before and the cultural impact of the movie Kids on New York. Check out some excerpts from t...
Each year, researchers develop new drugs to fight an array of diseases and conditions. However, only a select minority progress from concept to candidate drug to patients via clinical trials. One company that’s successfully run the gauntlet over the past 10 years is Canadian-Israeli immunotherapy biotech Vaxil Bio Ltd. (TSX.V: VXL). It’s shepherding the development of ImMucin, a promising immunotherapy that assists a patient’s own immune system to recognize and attack cancer cells as it do...
In May 2016, then-candidate Donald Trump told CNN’s Wolf Blitzer: “I’m the king of debt. I love debt.” The real estate magnate celebrated the grand opening of his Trump Taj Mahal Casino Resort in Atlantic City on April 5, 1990. (Mike Derer/AP) President Trump has unveiled the basic contours of a far-reaching plan to alter the U.S. tax code. Analysts are now debating the plan’s likely ramifications and also speculating about how the proposed changes might affect Trump’s own ec...
Good morning. I spent last night surrounded by 200 of the capital’s most interesting women at Fortune’s Most Powerful Women annual dinner in Washington, D.C., which was hosted this year at the State Department. The speaker for the evening was Dina Powell, who partnered with Fortune when she was at the State Department a decade ago to create a mentoring program for female entrepreneurs in developing countries. She then went on to start the 10,000 Women program at Goldman Sachs, and no...
Once Dilma Rousseff was impeached last August, much of the world’s media turned its focus from Brazil toward other issues: Trump’s triumph, Brexit fallout, European elections, Putin’s plans, and North Korean threats. But this important emerging market, mired in two years of recession and the worst political scandal in its history, has moved on. The highs and lows of the past decade have been remarkable, and the country’s future remains uncertain. But Brazil looks headed...
Boeing ba on Thursday asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Canadian plane maker Bombardier‘s bdraf new CSeries airplane, adding to growing trade tensions between the United States and Canada. The petition against Canada’s new competitor to the Boeing 737 aircraft came just days after the Commerce Department imposed duties averaging 20% on imports of Ca...
In the eyes of BMW enthusiasts, the BMW 1 Series M is the stuff of legends. It was actually almost a parts-bin-special, with the engine from a Z4 sDrive35i, the rear diff from an E92 M3 and some mirror caps and other exterior bits also from the E92 M3. It was also the first BMW M car that didn’t have a bespoke M engine. So it wasn’t really a thoroughbred M car. That means nothing, however, as it is possibly the best driving BMW experience of the last decade, maybe even longer. Doug D...
While promising drilling results released on April 18 by European Lithium (ASX: EUR) sparked a share price rerating of more than 5%, arguably of more significance in terms of the group’s long-term production profile was news released yesterday regarding confirmation that the Wolfsberg lithium project is both technically and economically viable. However, touching on the drilling results, the share price response wasn’t surprising with high lithium grade intersections identified in amphibolite...
With news of a diesel BMW 5 Series coming to the US breaking this morning, the torque-loving crowd out there must be overjoyed. Admittedly, diesel cars aren’t getting a lot of love in the US but those who do love them, go above and beyond when it comes to praising compression-ignition machines. The US market will apparently get a 540d model this year, but specifics of the engine used under its hood are still missing. If the older F10 range is anything to go by, we could expect BMW to do a ...
The prospect of higher interest rates and decreased regulation have already provided a boost to the financial services sector, particularly since the election of Donald Trump. Yet those trends are likely only in their early stages, and while some of the changes are already baked into share prices, plenty of opportunities await for investors who know the best geographies, sub-sectors and companies to put money into. The portfolio management team at Hamilton Capital Partners, which includes foundi...
The Who and the European Central Bank have this much in common: they won’t get fooled again. That is to say, no way will the world’s 2nd largest central bank kill off the Eurozone’s recovery while there’s still a whiff of political populism in the air, or the slightest risk of a bad Italian bank blowing up. Despite the fact that Eurozone economic activity is at a six-year high, despite the near-certain defeat of the right-wing populist Marine Le Pen in France’s pres...
European Central Bank President Mario Draghi arrives for a news conference at the ECB headquarters in Frankfurt yesterday. The ECB stuck to its ultra-easy policy stance as inflation continues to undershoot its target but explicitly acknowledged the vigor of the eurozone economy, now on its best run since the global financial crisis. Draghi noted that the eurozone’s economy has further improved and the risk of a new downturn has receded, a signal seen by many as foreshadowing a bolder change at...
CHINA’S homegrown passenger jet C919 is likely to receive airworthiness certification from the European aviation safety regulator, a key step for the narrow-body aircraft to enter the Western market, officials said yesterday. Patrick Ky, executive director of the European Aviation Safety Agency, said at an inaugural session of an aviation safety conference in Shanghai yesterday that certifying the C919 was part of ongoing talks for a bilateral air safety agreement between the two regio...