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01-Dec-2020 — Dan Ammann, CEO of Cruise, the self-driving technology subsidiary of GM, is planning to hit ...
05-Feb-2020 — Cruise Origin. Cruise. The global autonomous vehicle industry is an $8 trillion market ...
25-Mar-2020 — Cruise stocks were big gainers in a market rally as US lawmakers and the Trump administration agreed ...
25-Mar-2020 — Cruise ships have been idled. Even when the crisis ends, there are worries about how quickly ...
27-Mar-2020 — President Trump wanted to save the cruise industry but the $2-trillion coronavirus stimulus ...
26-Mar-2020 — ... has shut major cruise ship lines out of the roughly $2 trillion coronavirus stimulus package  ...
08-Apr-2020 — The hard-hit sector of the travel industry was left out of the $2 trillion stimulus package.
25-Mar-2020 — Cruise lines and hotels are also expected to receive a portion of the stimulus, and all ...
25-Mar-2020 — Boeing, cruise lines lead stock market rally as $2 trillion in stimulus nears. Reuters/Mike ...
28-Jul-2020 — This $2 trillion stimulus bill was passed into law to help provide economic relief to businesses and ...
26-Mar-2020 — The cruise line industry will be shut out of a $2 trillion coronavirus relief package that is  ...
30-Mar-2020 — Airlines and Airports · Hotels · Short-Term Rentals · Cruise Lines · Travel Advisors · Travel ...
21-Jun-2020 — The Reserve Bank of Australia has shifted its yield curve control into cruise control having ...
27-Mar-2020 — Royal Caribbean, Carnival, Norwegian Cruise Lines Not Part of $2 Trillion Bailout · The  ...
26-Mar-2020 — The largest cruise operators may beshut out of the business assistance provisions in the $2 trillion...
Today, there are 1.2 billion passenger cars that drive 9.6 trillion miles a year. Analysts estimate this global market to be ...
27-Mar-2020 — (Bloomberg) -- President Donald Trump said cruise- line ... days that cruise lines would likely be beneficiaries of the $2 trillion federal  ...
27-Mar-2020 — The three major cruise lines that rake in millions of dollars annually from U.S. travelers may  ...
26-Mar-2020 — Major cruise lines, several of whom saw the first outbreaks of coronavirus on their ships, will ...
Travel & Tourism directly contributed $2.6 trillion - equivalent to the size of the UK ... In 2016, cruise tourism's total economic impact to the global economy was ...
17 pages·3 MB
06-Nov-2020 — Genting Cruise Lines' World Dream is the first in a "safe cruise" pilot scheme announced by the ...
27-Nov-2020 — The sector could see income fall by $1.2 trillion this year, ... Cruise industry tries to rebuild after coronavirus shutdowns 09.01.2021.
26-Mar-2020 — But what about Carnival Cruises Line, itself, which is a U.S. subsidiary based in Miami?
26-Mar-2020 — The industry's trade group, the Cruise Lines International ... What's in the $2.2 trillion coronavirus Senate stimulus package.
09-Sep-2020 — Travel, tourism sector likely to lose ₹5 trillion due to covid-19 crisis: ... heritage, MICE, cruise, corporate and niche segments," it said.
06-Nov-2020 — The IMO and the World Tourism Organization encouraged the cruise industry and governments to ...
08-Oct-2020 — ... and provide between $750 billion and $1 trillion in financing to ... By Lawrence White, Simon Jessop, Sinead Cruise; Editing by ...

17-Apr-2020 — Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman ... They have been left out of a $2.3 trillion stimulus package that U.S. ...
21-Oct-2020 — The Carnival Cruise Lines Cruise Ship Carnival Spirit enters the Tongass Narrows ... The CARES Act passed in March totaled about $2.2 trillion.
01-Apr-2020 — ... be eligible to receive relief through the bailout fund included in the $2 trillion stimulus bill.
24-Mar-2020 — Does the cruise industry merit or need a bailout? ... are wrangling with a nearly $2 trillion economic stimulus package, having to make ...
26-Mar-2020 — A provision in the Senate's $2.2 trillion coronavirus rescue package, inserted late in the ...
... as cargo ships and cruise liners had dumped 14 billion pounds of garbage into the ocean. ... Each year 1.2 trillion gallons of untreated sewage, stormwater , and ...
01-Apr-2020 — ... a cumulative value of USD 1.04 trillion. The global Cruise fleet consists of 483 vessels with ...
21-Dec-2020 — ... billion in payroll support under the $2.2 trillion CARES Act in March. ... Cruise lines were left out of the CARES Act stimulus as well in March.
02-Apr-2020 — With so much at stake, Congress passed a $2 trillion stimulus that ... Unlike the airlines and hotels, cruise companies aren't eligible for ...
19-Oct-2020 — ... with major airlines, cruise ship companies, and hotel operators. ... “Travel Bubble” Solution for Global Travel Industry Set to Lose $3.3 Trillion.
27-Mar-2020 — Carnival, Royal Caribbean, and Norwegian Cruise Lines, ... assistanceundefined as outlined by the Senate's $2 trillion stimulus bill.
07-Apr-2020 — However, cruise lines were cut out of the $2 trillion stimulus package, which included a $500 billion ...
Explore trends across hospitality, airlines , cruises, and ground transportation and see how technology has shaped the ...
... food services, hotels, business and leisure travel, holiday destinations and activities, camping, and the cruise industry.
27-Mar-2020 — Here's Why Cruise Ship Companies Aren't Included In The $2 Trillion Stimulus Package.
07-Apr-2020 — Most cruise lines are barred from receiving aid from the $2.2 trillion stimulus package that Congress ...
21-Oct-2019 — ... $8.8 trillion to the global economy in 2018 with over 319 million jobs supported worldwide.
27-Mar-2020 — 4 passengers dead on Holland America cruise ship en route to Fort Lauderdale.
Trillian returns to the cruise boat and locates a jet ski with the fuel they can use to reach the island, but Canton arrives ...
20-Dec-2020 — It combined Covid-19 relief with a $1.4 trillion ... The latest: Cruise lines cancel more sailings in 2021 ...
27-Mar-2020 — I do not know if we would miss cruise lines. Trump refused to say that government funds should ...
16-May-2020 — House Passes $3 Trillion Coronavirus Stimulus Package ... rampant in nursing homes, households, conferences, cruise ships and other confined ...
09-Oct-2020 — It's predicted that 120 million jobs are at risk, with economic damage likely to exceed over $1 trillion ...
04-Apr-2020 — The $2 trillion stimulus package contained a substantial pot of money for bailouts of large ...
19-Mar-2020 — Trump recently pointed out that cruise lines are not at fault for their ongoing plunge in ...
05-May-2020 — The cruise industry was left out of a $2.3 trillion U.S. stimulus package for troubled companies as the ...
12-Jun-2020 — The cruise industry was severely hurt by the novel coronavirus pandemic after multiple ships ...
07-Apr-2020 — ... emergency.Japan will provide $1 trillion in aid relief to. ... NOW WATCH: How waste is dealt with on the world's largest cruise ship ...
26-Mar-2020 — ... February record high, a loss of more than $7 trillion in stock market value. ... Royal Caribbean Cruises and Norwegian Cruise Line ...
18-Mar-2020 — Cruise lines were not included in the President's 1 trillion dollar stimulus package proposed Tuesday.
11-Nov-2020 — Global Cruise Industry to Shrink by 72% to $7.79 Trillion. Based on the research data, ...
01-Jun-2018 — SoftBank landed on Cruise because it's one of “a handful that in our ... today reporting a record profit of 1.43 trillion yen ($12.5 billion).
by P SherwinCited by 2Related articles
10-Feb-2019 — The Trillion-Dollar Reason for an Arctic Infrastructure Standard ... 2020 to provide for the growth in Arctic cruise vessels and local marine traffic.
25-Mar-2020 — ... trillion package of government grants, unsecured loans and tax breaks to bailout airlines, cruise lines ...
Another option would forgo the current plan to buy a new fleet of nuclear air- launched cruise missiles (ALCMs). The CBO ...
... living world, from the single-celled bacterium to the 100-trillion-celled human being; Creative World examines the ways ...
21-Jun-2020 — $11 Trillion Dilemma, IMF Outlook Worsens, RBA Cruises: Eco Day. Michael Heath ...
26-Mar-2020 — We should be willing to help US-flagged cruise ships. Otherwise they can go get help in Panama, ...
22-Dec-2017 — ... ¥5.19 trillion defense budget to counter North Korea with interceptor batteries, first cruise missiles.
17-Mar-2020 — ... is looking at a package of $1 trillion to $1.2 trillion, which would include a ... leisure sectors clamoring for support, from casinos to cruise ships.
05-Feb-2020 — During a press conference, GM Cruise CEO Dan Ammann gave an update on the progress ...
28-Feb-2019 — How will cruises look in the new normal? ... “In 2018, Travel & Tourism generated $8.8 trillion and ...
04-Feb-2020 — Goop's first tourism venture will take place aboard a cruise ship, ... steady, experts predict the industry will be valued at $1 trillion in a few years.
06-May-2020 — The Diamond Princess cruise ship was an early coronavirus hot zone. We hear the story of ...
Carnegie Council for Ethics in International Affairs: Do Global Networks Require "Cruise Directors"? Standford Social ...
30-Oct-2018 — It's based on an analysis of ship cruise data by a former graduate ... gain below 2,000 meters was about 33 trillion watts (plus or minus 20 trillion), ...
26-Mar-2020 — Legislation providing $2 trillion in relief for individuals and businesses hard hit by the coronavirus ...
24-Mar-2020 — 10, 2020 file photo, journalists work near the quarantined Diamond Princess cruise ship ...
12-Mar-2020 — Worldwide, companies have issued $13 trillion in bonds, according to the ... Bonds for cruise lines have sunk along with their stocks.
26-Mar-2020 — But the $2 trillion package approved by the Senate and now headed for the House limits aid to ...
09-Jul-2020 — The first, a sea- launched cruise missile (to complement the already-existing air-launched cruise missile) ...
20-Feb-2020 — Coronavirus quarantine ends for most on cruise ship in Japan as ... growth could plunge more than $1 trillion if the disease caused by ...
12-Jul-2017 — The one trillion tonne iceberg, measuring 5,800 square km, calved away ... but the main destination for cruise ships visiting from South America.
19-Mar-2020 — The administration is considering a $1.3 trillion bailout for a range of Americans as the country shuts  ...
02-Jul-2020 — LIVE : Kings & Queens Cruise Karaoke Battle - SHY vs TRILLION #TheCruise #EastAfricaRadio.
27-Mar-2020 — Official site of The Week Magazine, offering commentary and analysis of the day's breaking ...
Cruises news and opinion. ... The Senate has passed a $2 trillion dollar emergency aid bill to mitigate the economic ...
The plan for a trillion-dollar triad. This chapter examines ... Strategic aircraft and cruise missiles. In October 2015 the US ...
26-Jun-2020 — https://www. cruisecompete.com/. 11 https://www.iata. org/en/pressroom/pr/2020-06-09-01 ...
12-Nov-2020 — All cruise lines are losing money hand over fist. But how much loss can these companies realistically ...
by AO Coggins2019Related articles
26-Jul-2019 — Since 1966, the cruise industry has developed from a ... China's 2011 GDP is roughly $6 trillion.
13-Mar-2019 — Waymo, GM Cruise and Ford lead the race to make autonomous vehicles ... Trillion with a 't'.
Spending by inbound tourists in 2019 reached 4.8 trillion yen, up 6.5% compared with the ... Expansion of Cruise Market.
27-Mar-2020 — Historic CARES Act Puts $2 Trillion Toward COVID-19 Response Efforts. March 27 ... Cruise Lines Will Likely Not Qualify for Relief. The cruise ...
31-Mar-2020 — It includes some $2.2 trillion in cash, loans, tax breaks and other incentives ... that his administration would help Boeing, airlines and cruise lines.
A $2 trillion stimulus package was struck by Senate leaders and the Trump ... money to go to the cruise ship industry as well, but also wanted assistance for hotels.
Hong Wang — 2020Business & Economics
And this is the first time that China's GDP has broken through the CNY 90 trillion mark, with the economic aggregate ...
19-Mar-2020 — The Trump administration is openly eyeing aid for airlines and the cruise industry in the third stimulus ...
24-Mar-2020 — Negotiations for a US $2 trillion stimulus plan that includes a bailout for ... A Carnival cruise ship, part of the largest cruise line in terms of total  ...
17-Sep-2020 — Philippines: 1 trillion pesos in e-cash transactions. One e- wallet provider, Ant-driven GCash, posted $20 ...
26-Mar-2020 — Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rallied about 23%.
12-Mar-2020 — Worldwide, companies have issued $13 trillion in bonds, according to the ... Bonds for cruise lines have sunk along with their stocks.
26-Mar-2020 — Royal Caribbean Cruises and Norwegian Cruise Line Holdings each rallied about 23 ...
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Signage is displayed outside of a Monopoly pop-up store at Palacio de Hierro mall during Buen Fin in Mexico City, Mexico. (Photographer: Alejandro Cegarra/Bloomberg)

India Mints Three Billionaires A Month: Hurun Rich List 2020

India minted three billionaires every month as the nation’s stock markets surged to records despite a slowing economy.

Asia’s third-largest economy added 34 new billionaires last year, jumping two spots to rank third with 138 ultra-rich persons after the China and U.S., according to Hurun Global Rich List 2020. The number rises to 170 if Indian-origin billionaires are tallied in. That compares with 799 and 626 billionaires in China and the U.S., respectively — the top two spots that together make half of the billionaires in the world.

Wealth of billionaire industrialists in India rose on the back of investments in select large caps even as the economy is expected to expand at its slowest pace in more than a decade in the year ending March.

“Indian billionaires are defying gravity as the structural slowdown in the economy doesn’t seem to hamper the growth of Indians in the list,” said Anas Rahman Junaid, managing director and chief researcher, Hurun Report India. “The missing pieces in the puzzle are automobile and the real estate sector and we expect exponential wealth creation in those sectors in the coming years. If the economy were to grow apace to meet the $5-trillion target, the total wealth creation would at least double the current value,” he said in a media statement.

Mukesh Ambani, chairman and managing director of Reliance Industries Ltd., continues to be the richest Asian and the only Asian in global top 10 with a net worth of $67 billion, according to the Hurun rich list. “Ambani’s wealth increased mainly on the back of a good performance in his telecoms business,” it said.

Other Rising Billionaires From India

  • Gautam Adani, chairman and founder of Adani Group, saw his wealth “rocket up” up by $7.1 billion to $17 billion, after the demerger of his renewable generation and city gas distribution businesses.
  • Sunil Mittal, chairman Bharti Airtel Ltd., saw his wealth rise to $3.5 billion, up $1 billion, propelled by speculations of the Indian telecom market becoming a duopoly, led by Reliance Jio Infocomm Ltd. and Bharti Airtel.
  • Wealth of Radhakishan Damani, founder of D-Mart supermarket chain operator, jumped 80 percent to $10.6 billion after standalone profit of his flagship company Avenue Supermarts Ltd. rose in third quarter of the ongoing financial year.
  • Uday Kotak, chairman at Kotak Mahindra Bank Ltd., entered the top 100 list with $15 billion. The bank’s share price hit an all-time high after the Reserve Bank of India cleared plans for dilution of promoters’ shareholding.

Sectoral Snapshot

  • With 50 individuals from the Hurun India Global Rich List 2020, Mumbai is the capital for India’s super-rich, followed by New Delhi (30) and Bengaluru (17).
  • The highest number of billionaires worked in pharmaceuticals, technology, media and telecom sectors at 22 each.

Global Picture

The number of billionaires in the world rose to a record 2,817 in 2019 from 2,470 in the previous year.

China added 182 new faces, more than three times of the U.S., despite the simmering trade tensions with the world’s largest economy, the report said. The novel coronavirus outbreak has resulted in “mini booms” for Chinese drugmakers involved in vaccines, online education and online games, while causing share prices of hospitality and travel to drop, it said.

Amazon’s Jeff Bezos remained the world’s richest man for the third year running, with a net worth of $140 billion. But that’s a decline of $7 billion from last year. Walmart Inc.’s Alice Walton is the world’s richest woman with a net worth of $59 billion. Women made up 15.7 percent of the Hurun rich list, up slightly on last year’s 15.5 percent.

“It has been a good year for the stock markets generally. Nasdaq led the way with a 26 percent increase, while India and China’s stock markets rose 15 percent and 14 percent,” Rupert Hoogewerf, chairman and chief researcher, Hurun Report, said in the statement.

Also Read: Rise In Inequality In India Second Only To Russia

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