Business News

Debts, questions surround Charity Hospital project | BusinessNews

by Isna

More than six months after a new development team was brought in to help jumpstart the stalled redevelopment of the former Charity Hospital building in downtown New Orleans, the project remains in limbo with unpaid bills to its architect, contractor and other vendors that total at least $5.7 million.

Public documents show three liens and a lawsuit have been filed against 1532 Tulane Partners, a consortium led by local apartment developer Joseph Stebbins and Israeli financier Yoel Shargian that was awarded the rights to the Tulane Avenue building in 2018.

The largest lien was filed in April 2023 for nearly

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Lionsgate Takes Step Toward Spinning Studio Off As Public Company

by Isna

Lionsgate has moved one step closer to spinning off its film and TV studios business in a Special Purpose Acquisition Company (SPAC) to create a separately traded public company.

Screaming Eagle Acquisition Corp., a SPAC — often referred to as a blank check company — led by SPAC sponsor Eagle Equity Partners and CEO Eli Baker in an SEC filing on Tuesday said the registration statement for the proposed merger has been declared effective by the US Securities and Exchange Commission, which should pave the way for the deal to close and Lionsgate Studios to launch as a standalone company

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London’s Ethical Revolution: Lab-Grown Diamonds Sparkle with Secondhand Style

by Isna

In the heart of London’s vibrant jewelry scene, a quiet revolution is underway, driven by a growing consumer demand for ethical alternatives. As concerns over the environmental and ethical impact of traditional diamond mining continue to escalate, more people are turning to lab-grown diamonds as a sustainable and socially responsible choice. This shift reflects a broader trend towards conscientious consumerism, where the desire for luxury is tempered by a commitment to sustainability and ethical sourcing.

Lab grown diamonds London, often referred to as cultured or synthetic diamonds, are created in laboratories using advanced technological processes that replicate the natural …

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, research company says

by Isna

Apple’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from research firm IDC showed on Sunday.

Global smartphone shipments increased 7.8% to 289.4 million units during January-March, with Samsung, at 20.8% market share, clinching the top phonemaker spot from Apple.

The iPhone-maker’s steep sales decline came after its strong performance in the December quarter when it overtook Samsung as the world’s No. 1 phone maker. It’s back to the second spot, with 17.3% market share, as Chinese brands such as Huawei gain market

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Money latest: Downsizing home could make you £400,000 | UK News

by Isna

From Sunday, eligible working parents of children from nine-months-old in England will be able to register for access to up to 15 free hours of government-funded childcare per week.

This will then be granted from September.

Check if you’re eligible here – or read on for our explainer on free childcare across the UK.

England

Three and four year olds

In England, all parents of children aged three and four in England can claim 15 hours of free childcare per week, for 1,140 hours (38 weeks) a year, at an approved provider.

This is a universal offer open to all.

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Dubai rainfall explained: Cloud seeding to drainage management system | WorldNews

by Isna

Cars are stuck on a flooded road after a rainstorm hit Dubai, in Dubai, United Arab Emirates, April 17, 2024. (Photo: Reuters/Rula Rouhana)

4 min read Last Updated : Apr 17 2024 | 7:23 PM IST

The United Arab Emirates (UAE) experienced its heaviest rainfall in 75 years, surpassing any recorded precipitation since data collection began in 1949. While the impact of climate change has been evident from wildfires and heatwaves, there has been speculation on whether cloud seeding – a form of weather modification aimed at enhancing precipitation – could have contributed to the historic rainfall in the desert

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1 killed, 14 injured in Pak blast: Police | WorldNews

by Isna

At least one person was killed and 14 others injured in a bomb blast in Pakistan’s restive province of Balochistan, officials said on Saturday.

The blast happened in Balochistan’s Harnai district after an improvised explosive device exploded when a team from Mari Petroleum Company was conducting a gas exploration survey in the area.

Harnai deputy commissioner Javed Domki confirmed the incident and said one person was killed and 14 others were injured.

Nobody immediately claimed responsibility for the attack but ethnic Baloch extremists often target government installations. They blamed the federal government for exploiting the mineral wealth of the province.

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