County Pacific Financial News

By Ju-min Park and Makiko Yamazaki

By Scott DiSavino

In this article

LONDON (Reuters) — British luxury fashion brand Burberry on Friday warned that its annual results would be below previous guidance, blaming a further slowdown in demand that hit sales in the key December trading period.

Anshu Kapoor, Head of Global Wealth Management, Nuvama Asset Management, says “the demand is there but the supply of high-quality institutional grade products does not exist, so that is our endeavour to be able to serve that demand, to serve that opportunity and give access to the Indian investors to our own commercial real estate assets and create value for them. So, this is the kind of a synopsis of the opportunity.” We understand that as part of the business at Nuvama Asset you guys are now aiming at upping your real estate play. Talk to us about what exactly are the plans, your recent JV with Cushman, how big can be the size of the opportunity for Nuvama here? Anshu Kapoor: Thank you for asking about this JV. So, maybe I can give you a little bit of the size of the opportunity. The commercial real estate sector in India is a $100 billion asset class. This asset class is going to double over the next 10 years to become $200 billion. So, it is a very-very large asset class.

Sydney: Papua New Guinea's prime minister declared a state of emergency on Thursday, suspending government and police officials after 16 people were killed in rioting in the Pacific island nation. A police and public sector protest on Wednesday over a pay cut that officials blamed on an administrative glitch descended into lawlessness. Television footage showed thousands of people in the streets of the capital Port Moresby, many of them carrying what appeared to be looted merchandise as black smoke billowed over the city.

(Reuters) — Tens of millions of Americans were under the threat of menacing weather on Wednesday as a powerful winter storm loomed across the East Coast after after leaving in its wake power outages, grounded flights and destruction.

California coast this week and are galvanized by the powerful pattern of El Niño in the Pacific Ocean. The recent event is unexpected to be as pronounced as the waves, expanding the California coast in the past week. However, the huge waves are happening more often as per researchers, since global warning expands severe weather conditions, elevating sea levels. As per them, it translates to more coastal flooding at a future date. A swell along with big waves and also coastal flooding is predicted along the West Coast this week. Afterwards, a periodical high tide can bring an even greater amount of water inshore within 10 days, as per Laura Engeman, who is a coastal resilience specialist with California Sea Grant. According to her in the case there are big waves during those days, we might witness more flooding. The recent round of waves is not predicted to be as powerful as the late event in December. It is the future El Niños as well as the rise in coastal flooding, charged by the warm climate that caution those who have studied the coast. El Niño comes with more active winter storms, and elevated sea levels according to an oceanographer at the National Oceanic and Atmospheric Administration, William Sweet. This translates to more flooding in coastal areas, greater amount of extreme erosion, and higher astronomical high tides.

central Japan on New Year's Day has reached 62, a local government official said, adding that more than 300 injuries have also been reported, of which 20 are severe, AFP reported. Thousands of homes were destroyed, and water, power, and cell phone service were still down in some areas due to aftershocks. Residents expressed sorrow about their uncertain futures.

In 2024, the investment scene is transforming with India’s economic prospects shining brighter than the global average. Anticipated to grow at a rate of 6.5-7%, thanks to government policies aimed at transparency and stability, India is becoming an attractive investment hub.

The federal government on Friday reopened railroad crossings in two Texas border towns, five days after the shuttering of rail operations there disrupted trade and caused outrage

Mint’s queries till press time. Furthermore, the two countries are now exploring opportunities in Asia, expanding their focus beyond Latin America and Africa.

SDGs) and SDG-related climate targets, including through multilateral institutions where India and Germany are members, such as the International Solar Alliance (ISA)," the two sides said in a joint declaration of intent released in May 2022. The two sides are also considering expanding their collaboration into Madagascar and Ethiopia, Dhanda told Mint.

The federal government has closed railroad crossings in two Texas border towns, raising concerns about the potential impact on cross-border trade

Pacific Northwest experienced a record-breaking heat wave that sent the normally temperate region into Death Valley-like extremes that took a heavy toll on trees as well as people. Seattle and Portland, Ore., recorded their hottest-ever temperatures, reaching 108 degrees Fahrenheit (42.2 Celsius) and 116 Fahrenheit (46.6 Celsius), respectively. In British Columbia, the small town of Lytton reached 121 degrees Fahrenheit (49.6 Celsius). What become known as the “heat dome” is estimated to have killed hundreds of people in Oregon, Washington and British Columbia. As this human tragedy unfolded, a lesser-known ecological tragedy was happening, one that scientists warn has grim repercussions for the world’s plants and the many animal species that depend on them. In a matter of a few days, the 2021 heat dome turned many of the green leaves and needles on the region’s trees to orange, red and brown. But, as recent research suggests, tree foliage didn’t simply dry out in the heat.

MILAN (Reuters) — Italian fashion house Prada (OTC:PRDSY) has paid $425 million to buy the building on Fifth Avenue in New York which currently hosts its store, the company said on Wednesday.

Matthew Perry died from the acute effects of the anesthetic ketamine, according to the results of an autopsy on the 54-year-old “Friends” actor released Friday.

Native Americans of the Pacific Northwest until its rapid demise following European colonization, a study in Science showed Thursday. The new research was based on a genetic analysis of 'Mutton' one of the last surviving Coast Salish woolly dogs whose pelt was sent to the nascent Smithsonian Institution in 1859, only to be largely forgotten until the early 2000s. Interviews contributed by Coast Salish tribal co-authors, meanwhile, revealed the dogs occupied a previously underappreciated high-status in Indigenous societies, which revered the animals as members of the family and adorned their most treasured items with their emblem. The dogs' fleeces were shorn like sheep, with Coast Salish weavers using the wool to craft blankets and baskets that served ceremonial and spiritual purposes. «I was always curious about why and how the pre-colonial indigenous dogs in the Americas had gone extinct after the arrival of the Europeans,» lead author Audrey Lin, a molecular biologist currently at the American Museum of Natural History, told AFP. Where and when dogs were first domesticated remains murky, but it's clear that some of the first people who settled in the Americas brought their canine companions with them from 15,000 years ago. Within the span of a few centuries of Western settlers, however, these breeds were all but wiped out — and modern American dogs contain exceedingly little genetic material of their lost cousins.

Stellantis India on Monday said it has appointed Aditya Jairaj as CEO and Managing Director of the company with effect from Jan 1, 2024. Jairaj, currently Deputy Managing Director, Stellantis India and Head — Jeep India, will succeed Roland Bouchara, who will be assigned to another function in Europe after six and a half years of leading Stellantis in India, the company said in a statement.

Two-wheeler manufacturer Royal Enfield has opened its first warehouse in the eastern region to cater to the needs for spare parts, a spokesperson of the company said on Monday. With the establishment of the warehouse near Kolkata, the transit time for the supply of motorcycle parts will reduce significantly and also help develop channel partners.

The presence of U.S. military bases on the Japanese island of Okinawa, regularly used by Canadian Armed Forces members, is coming under criticism from locals who are Indigenous to those lands.