Tag Archives: World&#39s

World's biggest sovereign fund to dump oil and gas stocks: Norway

World's biggest sovereign fund to dump oil and gas stocks: NorwayNorway’s sovereign wealth fund, the world’s biggest and which is fuelled by petrodollars, will divest its oil and gas holdings to reduce its exposure to the oil sector, the Norwegian government announced on Friday. While the decision is based solely on financial considerations and not on the environment or climate change, a divestment by an investor worth more than $ 1 trillion will undoubtedly be seen as a major blow to polluting fossil fuels. The government of Norway, the biggest hydrocarbon producer in western Europe, said it would exclude companies classified as exploration and production companies from the fund.



Yahoo News – Latest News & Headlines

The $18.9 Million Bugatti La Voiture Noire Is the World's Most Expensive New Car

The $  18.9 Million Bugatti La Voiture Noire Is the World's Most Expensive New CarThe one-off has been inspired by Jean Bugatti's legendary 57SC Atlantic.



Yahoo News – Latest News & Headlines

Hindus gather in India for world's largest festival

Hindus gather in India for world's largest festivalHindu devotees began gathering Sunday in northern India for the world’s largest religious festival, with millions of pilgrims travelling to bathe in holy rivers for the spectacular Kumbh Mela. State authorities in Uttar Pradesh are expecting 12 million visitors to descend on Allahabad for the centuries-old festival, which officially begins Tuesday and continues until early March. The ancient city rises alongside the banks of the Ganges, Yamuna and mythical Saraswati rivers, and the meeting point of the three is considered highly sacred in Hinduism.



Yahoo News – Latest News & Headlines

Jeff Bezos, Amazon boss and world's richest man, to divorce after 25 years of marriage

Jeff Bezos, Amazon boss and world's richest man, to divorce after 25 years of marriageAmazon founder Jeff Bezos and his wife MacKenzie Bezos are divorcing after 25 years of marriage, the couple announced in a joint statement on Twitter. Mr and Mrs Bezos first met while working together at a New York hedge fund in the early 1990s and have been together since as Amazon's valuation briefly swelled beyond $ 1 trillion last year, raising the prospect that a settlement could make her the world's richest woman. With a personal stake in Amazon estimated to be worth $ 160bn (£125bn), Mr Bezos, 54, is the world’s wealthiest man. Although the separation is amicable, their separation is likely to prove to be a highly lucrative one for an army of lawyers and advisers. The couple married in 1993, one year before Mr Bezos started Amazon from his garage in Seattle. As well as his shareholding in Amazon, Bezos owns a string of other investments as well as homes in Seattle, Washington DC, Beverly Hills, New York and a Gulfstream jet. Their divorce settlement is likely to be the most expensive in history and may reshape the global wealth rankings.  If the pair file for divorce in Washington, the state where the pair were married and Amazon is headquartered, half of Mr Bezos' wealth could go to his wife under the state's community property law unless there is a pre-nuptial agreement in place. If the couple split their fortune equally, it could leave Mrs Bezos with around $ 69 billion. It could also reinstate Microsoft co-founder Bill Gates as the world’s richest person. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” Mr Bezos wrote in a post on Twitter. In an interview with Wired in 1999, Mr Bezos described his search for his ideal mate. Calling himself a "professional dater", he devised a system to filter potential partners.  "The number-one criterion was that I wanted a woman who could get me out of a Third World prison", he told the website. "What I really wanted was someone resourceful. But nobody knows what you mean what you mean when you say, 'I'm looking for a resourceful woman'." MacKenzie Bezos, 48, is a novelist who grew up in San Francisco and founder of anti-bullying organisation Bystander Revolution in 2014. The former couple met in the early 1990s when they both worked for investment management firm D.E. Shaw. They were engaged after three months of working together and married three months after that. Mrs Bezos was one of Amazon’s earliest employees and became an accountant for the business when it started as an online book retailer. They have four children together. The news of the divorce comes two days after Amazon became the world’s most valuable company, overtaking Microsoft’s valuation. Amazon currently has a market cap of $ 811.2bn, with analysts speculating that it could reach the trillion-dollar milestone. Last year the couple launched a $ 2 billion charitable fund together, called the Day One Fund. Their joint statement released on Mr Bezos' twitter account yesterday suggests they will continue to work on the project together . "Thought the labels might be different, we remain a family, and we remain cherished friends".



Yahoo News – Latest News & Headlines

Chile's LATAM Airlines is world's most punctual airline 2019

Chile's LATAM Airlines is world's most punctual airline 2019Flyers aboard LATAM Airlines are most likely to make their connecting flight and arrive at their destination on time, according to a new ranking of the world's most punctual airlines. 



Yahoo News – Latest News & Headlines

Eagle-eyed! Photographer captures stunning pictures of world's last remaining Mongolian eagle keepers

Eagle-eyed! Photographer captures stunning pictures of world's last remaining Mongolian eagle keepersThese stunning photographs of the world’s last remaining Mongolian eagle keepers show the incredible bond between human and bird. The images, taken last month by photography tour guide Daniel Kordan, 29, show a group of 10 eagle hunters traveling between West and South Mongolia and across the Gobi Desert. The hunters train eagles from an early age and look after the majestic birds until they reach the age of 12.



Yahoo News – Latest News & Headlines

8 of the World's Most Lavish Hotel Bathtubs

8 of the World's Most Lavish Hotel Bathtubs



Yahoo News – Latest News & Headlines

Erdogan opens new Istanbul Airport, planned to be world's largest

Erdogan opens new Istanbul Airport, planned to be world's largestTurkish President Recep Tayyip Erdogan on Monday opened Istanbul’s new international airport, which his government says will eventually become the world’s largest, with great fanfare. “The new airport will be the pride of our country and an example to the world,” Erdogan said at a lavish opening ceremony featuring several heads of state. At the inauguration — which coincided with the 95th anniversary of modern Turkey’s founding by Mustafa Kemal Ataturk — Erdogan also revealed that the airport would be named “Istanbul”.



Yahoo News – Latest News & Headlines

Protests greet world's biggest statue in remote corner of India

Protests greet world's biggest statue in remote corner of IndiaAngry local communities have warned India’s Prime Minister Narendra Modi to stay away from the inauguration on Wednesday of the world’s biggest statue, a 182 metre (600 feet) high tribute to an independence hero. The Statue of Unity, which is twice the size of the Statue of Liberty, has been built in a remote corner of Gujarat state as a flagship project of conservative leader Modi who is to open it on Wednesday. Posters of Modi with Gujarat chief minister Vijay Rupani in a town near the statue were torn down or had the faces blackened at the weekend.



Yahoo News – Latest News & Headlines

India deploys huge security for inauguration of world's biggest statue

India deploys huge security for inauguration of world's biggest statueThousands of police officers guarded the world’s biggest statue ahead of its inauguration by Indian Prime Minister Narendra Modi on Wednesday, anticipating protests by angry locals displaced by the enormous figure. Indian authorities have planned a spectacular opening of the 182-metre (600-foot) tall tribute to Indian independence hero Sardar Vallabhbhai Patel, with Air Force jets and helicopters to shower flowers on the statue during a flypast.



Yahoo News – Latest News & Headlines