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The Growing Rivalry between Disney and Universal in Florida: How Universal’s Epic Universe Threatens Disney World’s Revenue
Entertainment

The Growing Rivalry between Disney and Universal in Florida: How Universal’s Epic Universe Threatens Disney World’s Revenue

by Chief editor of world-today-news.com April 13, 2024
written by Chief editor of world-today-news.com

The Wall Street Journal highlighted the growing rivalry between Disney and Universal in Florida, where the latter company is expanding its presence with the opening of the Epic Universe theme park. This new park, with iconic characters such as Harry Potter, Mario Bros or Donkey Kong, represents a direct threat to Disney World, located less than 20 kilometers away.

Universal is seeking to persuade families to spend more time at its parks rather than Disney, which could result in significant revenue losses for the mouse company.

Universal’s strategy is supported by its success at the box office and its quick response during the pandemic, the WSJ reported. Comcast, Universal’s parent company, has invested in new attractions and maintained an aggressive approach to expanding its parks.

On the other hand, Disney has been offering new attractions like Star Wars: Galaxy’s Edge, but hasn’t opened a major expansion in Florida in five years, which has led some fans to express frustration over rising ticket prices.

Although Disney announced plans to invest $60 billion in the parks and cruises division over the next decade, it has not specified how much will go to local parks, according to the article.

Theme parks have become a crucial part of Disney’s business, outpacing divisions such as television networks in profits.. However, Universal has been gaining ground, with its parks division generating $8.95 billion in revenue last year, compared to Disney’s $32.5 billion.

This competition could have a significant impact on the revenue and long-term growth strategy of both companies in the theme park market in Florida. Universal has capitalized on the success of franchises like “Despicable Me” and “How to Train Your Dragon” to attract visitors to its parks.

Its focus on immersive storytelling has been well received by guests, leading the company to invest in the construction of a new park, reported the WSJ. Meanwhile, Disney has been working on new attractions, but its focus on increasing ticket prices has led some fans to look to Universal for alternatives.

The rivalry between Disney and Universal isn’t just limited to theme parks, as both companies compete for consumers’ attention in a variety of areas, including movies and streaming. Furthermore, the WSJ article suggests that the competition comes at a time when Universal is seeking to expand its presence in Florida, while the mouse company faces challenging rivalries among its senior management and seeks to revitalize its film studios.

2024-04-13 15:13:30
#Universal #turns #Mario #Bros #Harry #Potter #compete #Disney #parks

April 13, 2024 0 comments
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Progress Update: Bogotá Metro’s First Line Designs Guaranteed, Consortium Confirms
Business

Progress Update: Bogotá Metro’s First Line Designs Guaranteed, Consortium Confirms

by Chief editor of world-today-news.com April 5, 2024
written by Chief editor of world-today-news.com

The first line of the Bogotá Metro would be guaranteed, at least in what has to do with the stage of studies and designs of main details, and other studies. This was explained in a statement by the PLMB Supervisor Consortium, in charge of first-line auditing.

This is in response to what was anticipated in some reports, which indicated that The Consortium could take up to four years to deliver the studies of the work, where stagnation in the designs was also warned.

“As far as the main detail designs are concerned, these include, among others, the necessary designs for the execution of the viaduct construction works and the network transfer works, which are currently under construction,” the consortium noted.

In the official account of the Bogotá Metro, They assured that the main designs of the first line of the Bogotá metro are 100% complete.

It was indicated that in relation to the other studies and detailed designs, the delivery of the designs would be carried out in 3 stages of progress, classified as follows: “first delivery at 60% progress of the designs: This design must correspond to definitive criteria and have the final general dimensions. 100% fulfilled. Second delivery at 90% progress of the designs: this design will correspond to the final design. Final delivery at 100% progress of the designs: corresponds to the final design without observations. 68% completed, which correspond to the designs of the structures of the access buildings of the metro stations, in the absence of architecture.
The above, with a cut-off date of February 2024.”

According to the Consortium, In the month of March 2024, it achieved 74% in the final delivery progress, which represents that, during the course of this year, the Concessionaire will be able to obtain no objection to the other studies and designs.

2024-04-05 05:49:04
#Interventors #Office #designs #line #Bogotá #metro #complete

April 5, 2024 0 comments
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Barclays Plc Announces Plans to Stop Direct Financing of New Oil and Gas Projects, Expanding Restrictions on Fossil Fuel Industry
Business

Barclays Plc Announces Plans to Stop Direct Financing of New Oil and Gas Projects, Expanding Restrictions on Fossil Fuel Industry

by Chief editor of world-today-news.com February 12, 2024
written by Chief editor of world-today-news.com

Barclays Plc plans to stop direct financing of new oil and gas projects, as the British bank expands the scope of assets that will find it harder to access capital in the future.

The plan involves restrictions on new and non-diversified oil and gas customers participating in the expansion, according to an emailed statement. Barclays said its new policy sets out “clear expectations of transition strategies and decarbonisation requirements for energy customers”.

The announcement comes shortly after Barclays said it was establishing an energy transition team within its corporate and investment bank, which Bloomberg News reported will be made up of more than 100 bankers. This comes as the financial industry seeks to benefit from the business opportunities represented by the transition from fossil fuels to low-carbon energy sources, a shift that BlackRock Inc. has identified as a “mega” force driving the global economy.

Barclays’ oil and gas loans represented about 2% of its total loan portfolio and 2.6% of its capital markets business, according to its 2022 annual report. It provided $4.9 billion in loans to the fossil fuel industry in 2023, compared with an average of $7.2 billion over the previous seven years, data compiled by Bloomberg show.

The U.K. bank has been growing environmental lending and underwriting faster than its peers, according to a December analysis by BloombergNEF that looked at the ratio of green financing to fossil financing. Barclays was at 1.55 at the end of 2022, meaning that for every dollar it provided to the fossil fuel industry, whether through direct lending or debt underwriting, it allocated $1.55 to green projects, it showed. BNEF analysis.

Laura Barlow, chief sustainability officer at Barclays, called the funding shift needed to address climate change “complex.” She also emphasized that the bank will work with energy customers to reduce their carbon footprint in “a way that is fair, orderly and addresses energy security.”

Barclays’ decision on oil and gas mirrors similar moves by its British and European peers. Societe Generale SA said in September it plans to suspend lending to some new oil and gas projects, following restrictions by BNP Paribas SA and HSBC Holdings Plc.

Its historical ties to the fossil fuel industry have long made Barclays a target of climate activists, with protesters frequenting its annual meetings and office buildings. The bank has also faced shareholder resolutions over eliminating its loans to the oil and gas sector. In that context, Barclays’ new restrictions on fossil financing won measured praise from climate activists.

“ShareAction welcomes the publication of Barclays’ policy update. “It contains some positive commitments by the bank, including its decision to establish basic climate testing for its oil and gas clients, along with its promise to stop financing new oil and gas projects directly,” the nonprofit organization said. United Kingdom in an emailed statement on Friday.

“However, the strategy could have gone much further,” ShareAction said. “Barclays’ intention to request decarbonization plans from its oil and gas clients is the right one. But to be strong, the bank must require its clients to stop engaging in activities that add to the climate crisis, such as oil and gas exploration.”

Barclays has set a goal of facilitating $1 trillion of sustainable and transition financing between 2023 and 2030. Its latest restrictions on oil and gas financing will help the bank achieve that goal, it said.

The new restrictions disclosed by the lender do not include project financing, or other direct financing to energy customers, for oil and gas expansion projects or related infrastructure. It will also impose restrictions on new energy customers that are expanding.

Non-diversified energy customers engaged in long-term expansion also face restrictions, Barclays said. And there will be additional restrictions on unconventional oil and gas, including the Amazon and extra-heavy oil, he said.

Energy customers are expected to have 2030 methane reduction targets that encompass “a commitment to ending all routine/non-essential venting and flaring by 2030 and scope one and two targets aligned with near-term net zero.” by January 2026,” Barclays said.

The bank’s clients will be required to draw up transition plans or decarbonisation strategies by January 2025. “Barclays will continue to support an energy sector in transition, with a focus on diversified energy companies investing in low carbon emissions and with greater scrutiny on those participating in the development of new oil and gas projects,” he said.

2024-02-12 05:06:26
#Barclays #suspend #direct #financing #oil #gas #projects

February 12, 2024 0 comments
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Top 25 Most Anticipated Books of 2024 According to Time Magazine
Entertainment

Top 25 Most Anticipated Books of 2024 According to Time Magazine

by Chief editor of world-today-news.com December 18, 2023
written by Chief editor of world-today-news.com

With less than 15 days until the year ends, there are already those who are beginning to be interested in the trends that will mark 2024since that may be a factor to take into account when making your purchases or adapting your style.

And the thing is, one of those that has marked the stop is the most anticipated books, according to Time magazine, because revealed a list of the 25 most anticipated issues for next year, in which it promises to offer “something for every reader”.

‘Martyr!’, Kaveh Akbar (23 de enero)

Time Magazine

The list begins with poet Kaveh Akbar’s first novel, an Iranian immigrant befriends a terminally ill painter who lives in a museum.. The first shares some traits with the author: Akbar was born in Tehran and is also recovering.

‘Come and Get It’, Kiley Reid (30 de enero)

Time Magazine

This book by author Kiley Reid, nominated for a Booker Prize for past copies, is about a resident assistant who performs questionable tasks for a visiting professor at the University of Arkansas. As their relationship becomes more complicated, Reid reveals another twisted narrative filled with observations about class and power.

‘The Women’, Kristin Hannah (February 6)

Time Magazine

Kristin Hannah, in this book, delves into how the lives of young American women who volunteered to serve in Vietnam were shaped by the conflict. In the story, a nursing student enlists in the Army Nursing Corps in 1965 before his older brother dies overseas.

‘The Book of Love’, Kelly Link (13 de febrero)

Time Magazine

This fictional text tells the story of the disappearance of a group of teenagers, who are presumed dead, but who, some time later, are resurrected by a mystical being. After that they are forced to participate in a series of challenges so that the winners can stay alive and the losers are returned to the world of the dead.

‘Supercommunicators’, Charles Duhigg (February 20)

Time Magazine

Through scientific reporting and research, Charles Duhigg, the Pulitzer Prize-winning author of ‘The Power of Habit,’ breaks down your tools to become someone with the ability to communicate effectively in any scenario.

‘Splinters’, Leslie Jamison (February 20)

Time Magazine

The Aauthor of the best seller ‘The Recovering’, recounts the disintegration of her marriage in the months after the birth of her daughter. Furthermore, she opens herself to the public with her intimacies, where she portrays her relationships with men, her children, her parents and herself.

‘Grief Is for People’, Sloane Crosley (27 de febrero)

Time Magazine

This text brings together experiences of love and death, as it tells the story of the author, when, Shortly after his New York apartment was robbed, one of his closest friends committed suicide.. There she captures, with elegance, his pain from two life traumas.

Wandering Stars, Tommy Orange (27 de febrero)

Time Magazine

Pulitzer Prize finalist Tommy Orange’s new historical fiction novel imagines how three generations of a family are affected by the actual Sand Creek Massacre of 1864, in which more than 230 Cheyennes and Arapahoes were killed by the U.S. Army in Colorado.

‘The Hunter’, Tana French (March 5)

Time Magazine

This text comes as one of the most anticipated sequels to the 2020 novel ‘The Searcher’. In that book, a retired Chicago police detective, Cal Hooper, moved to rural areas after being involved in a disappearance case. . ‘The Hunter’ picks up two years later, with Cal and his girlfriend acting as father figures to Trey, whose absent father returns to Ardnakelty with a plan to find gold in the remote town.

‘Anita de Monte Laughs Last’, Xochitl Gonzalez (March 5)

Time Magazine

This book tells the story of an art history student who discovers the work of Anita de Monte, who, mysteriously, was found dead. This work leads her to find similarities with De Monte, which makes her rethink certain situations in her love and academic life.

Added to this list are 15 more books such as ‘The House of Hidden Meanings’ by RuPaul (March 5); ‘See you in August’ by Gabriel García Márquez (March 12); ‘Who’s Afraid of Gender?’ by Judith Butler (March 19); ‘James’ by Percival Everett (March 19); ‘The Morningside’ by Téa Obreht (March 19); ‘There’s Always This Year’ by Hanif Abdurraqib (March 26); ‘Like Love’ by Maggie Nelson (April 2); ‘Table for Two’ by Amor Towles (April 2); ‘Knife’ by Salman Rushdie (April 16); ‘Real Americans’ by Rachel Khong (April 30); ‘Funny Story’ de Emily Henry (23 april); Erik Larson’s ‘The Demon of Unrest’ (April 30); ‘This Strange Eventful History’ by Claire Messud (May 14).); Kevin Kwan’s ‘Lies and Weddings’ (May 21); and ‘Tehrangeles’ by Porochista Khakpour (June 11).

2023-12-18 14:16:57
#Time #Magazine #revealed #books #anticipated #readers

December 18, 2023 0 comments
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Blackstone leads US1 billion GGW purchase loan package
Business

Blackstone leads US1 billion GGW purchase loan package

by Chief editor of world-today-news.com December 9, 2023
written by Chief editor of world-today-news.com

Blackstone Inc. is leading a package of loans of 950 million euros (US$1,000 million) to support Permira’s purchase of Gossler, Gobert & Wolters, people with knowledge of the matter said.

Permira agreed to buy the German insurance broker from Hg on Friday, said the people, who asked not to be identified because the information is confidential. Other lenders backing the transaction include Goldman Sachs Asset Management and Hayfin Capital Management.

Permira confirmed the agreement to acquire GGW in a statement.

“The funds of Permira are excited to support GGW Group and the management team in their growth journey to become the #1 insurance brokerage for small and medium businesses“Philip Muelder, head of Permira’s services sector, said in the statement.

The representatives of BlackstoneGoldman and Hayfin declined to comment.

The $1.6 trillion private credit market is increasingly winning over banking syndicates that have traditionally financed large acquisitions with leveraged loans. Private credit funds recently granted a record loan of 4.5 billion euros ($4.9 billion) to support the purchase of Adevinta ASA.

The debt from the GGW sale is split into a unit loan of 675 million euros (a combination of senior and junior debt) with a delayed term loan of 275 million euros on top of that for future acquisitions, the people said, which They were not authorized. speak publicly. The price of the unit tranche is 575 basis points above the Euribor, with an original issue discount of 98.

Private equity firms have converged on Europe’s fragmented insurance broker market in search of deals. Flagship transactions include KKR & Co.’s acquisition of French insurance broker April Group, valued at around €2.3 billiona deal financed through a combination of bank financing and direct loans.

2023-12-08 23:40:18
#Blackstone #leads #US1 #billion #GGW #purchase #loan #package

December 9, 2023 0 comments
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Davivienda and Seguros Bolívar launch the art book in tribute to Luciano Jaramillo
Entertainment

Davivienda and Seguros Bolívar launch the art book in tribute to Luciano Jaramillo

by Chief editor of world-today-news.com November 23, 2023
written by Chief editor of world-today-news.com

This year, the art book published annually by Davivienda and Seguros Bolivar, is dedicated to Luciano Jaramillo.

This Caldense painter stood out for his expressive and emotional intensity, full of local iconography, popularly identified through the media image of the modern myths of his time.: beauty queens, cyclists, soccer players and historical heroes like Simón Bolívar. In addition, personal symbols such as dogs, pigeons, sad clowns and families watching TV.

According to the companies, until now there was no publication that fully documented the work of Luciano Jaramillo, for this reason, They considered it extremely relevant to include this name in their tribute collection to the Great Masters of Colombian Art..

This publication by the Bolívar Davivienda group has an extensive visual essay that takes a chronological tour of the three great moments of Luciano Jaramillo’s artistic production.respecting the fluid, free and recurring transit that he always had between the craft of painting and the craft of drawing.

A historical and interpretive essay by Nicolás Gómez Echeverri enriches this book and another text focused on the political and social context written by Sylvia Suárez Seguraas well as a complete and extensive chronology of his life.

Luciano Jaramillo is one of the most prominent Colombian artists of the 20th century. He began his early training as a self-taught person, in 1956, and at the age of 16held his first individual exhibition in the Gregorio Velázquez room of the National Library and was introduced by Gabriel Giraldo Jaramillo as “the youngest of the masters.”

Throughout his career, he bravely resisted the complacency of the trends of his time, both the abstraction of the 1950s and 1960s.as well as the hyperrealistic figuration of the seventies.

His great concern was man. Through the deformation of bodies and objects, he proposed reflections on the human condition.often associated with the ironies and paradoxes of national identity or social inequality, becoming a national reference for denunciation through art.

2023-11-23 06:13:47
#Davivienda #Seguros #Bolívar #launch #art #book #tribute #Luciano #Jaramillo

November 23, 2023 0 comments
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