Category: Bloomberg
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20231103
Seoul’s Solution to ‘Hell Train’ Commutes? Standing Room Only Subway Carriages Seoul plans to experiment with removing seats on some of its subway trains to reduce congestion on its metro system, sometimes dubbed “hell trains” by locals because of their crowdedness. Seoul Metro, which operates the network, said Nov. 1 it will remove seats on…
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20231031
Upscale Indoor Golf Clubs Woo a New Generation of Social Climbers Serial entrepreneur Michael Williamson was having lunch in Atlanta a few years ago when a friend asked if he had played golf on a simulator. “Yeah,” he said. “I have one at home. I never go to the driving range anymore.” Memberships, too, are…
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20231029
Elite British Schools Woo Rich Indians After China Growth Prospects Sour It’s a well-trodden path for children of wealthy Indians to study in the UK. Now, some of the schools are coming to them, with elite establishments starting to open franchises in India. Last month Wellington College, a nearly 170-year-old private school based in the…
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20231026
Mumbai’s Deadly Air Pollution at Times Rivalling New Delhi Mumbai’s pollution has soared to rival even India’s capital New Delhi on some days, prompting city authorities to turn to unprecedented ways to improve air quality. The city has asked construction sites to be covered with 35-feet-high (11-meter) sheets to block dust and to install sprinklers…
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20231024
Israel-Hamas War Puts Pressure on Companies to Speak Up She echoed similar statements from chief executive officers at Goldman Sachs Group Inc., BlackRock Inc., United Airlines Holdings Inc. and other companies, who are facing increasing pressure to speak up on a conflict where the human cost is rising by the hour. Crisis communications experts say…
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20231022
CEO Departures Hit Highest Level on Record More than 1,400 chief executives have left their positions so far this year through September, according to a report by executive coaching firm Challenger, Gray & Christmas Inc. That’s up almost 50% from the same period last year and the highest on record over that period since the…
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20231019
Why China-Russia Ties Worry America The last time Vladimir Putin visited China, he went home with the promise of friendly partnership from Xi Jinping. Less than a month later, the Russian president launched a full-scale invasion of Ukraine. But in the 20 months since then, he’s found himself in ever-greater need of economic and diplomatic…
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20231018
India Extends Sugar Export Curbs in Risk to Global Supply India, the world’s second-biggest sugar producer, extended its export restrictions in a renewed bid to protect domestic supplies, a move that’s likely to tighten the global market and raise costs for the food industry. The government will continue its curbs on overseas shipments of the…
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20231017
H&M Plans Debut Green Bond as Fast Fashion Pushes Sustainability Swedish retailer Hennes & Mauritz AB is planning a debut green bond sale, the latest effort by a fast fashion company to improve the sustainability of its business. The proceeds from the new bond offering will be used to finance and refinance projects including using…
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20231015
Seoul to Adopt Crowd Alert to Avoid Repeat of Halloween Tragedy South Korea’s capital announced plans to strengthen surveillance to avoid a repeat of last year’s crowd crush that killed almost 160 people at a nightlife district during Halloween festivities. Seoul Metropolitan Government will implement a people counting system which automatically detects crowds through closed-circuit…
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