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Competition in the telecoms sector plummets telephone tariff prices

This is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here.

The Spanish telecommunications sector is experiencing a time of strong competition and this is reflected in prices. Operators' tariffs plummeted in 2020.

The mobile telephony price index prepared by the National Markets and Competition Commission (CNMC) fell from 20.2 points to 16 points, according to Cinco Días.

This was the lowest level in the entire historical series at the close of a year. During 2020 it fell even more because in the second quarter the commercial reactivation after the great confinement caused it to fall to 15.3 points.

This fall was also noted in revenues, with mobile telephony traffic revenues per line per quarter falling by 6.5%, according to Competition data cited by the business daily. This brought the indicator to 14.25 euros, a new all-time low.

Selling insurance or opening bank accounts: operators' new businesses will be the key to increasing revenues in a hypercompetitive market where mergers are expected, according to Moody's.

Another figure that shows this high level of competition is the average mobile telephony revenue per minute of airtime, which fell by more than 25% to 2.59 cents.

Broadband also saw prices fall, although less steeply. The average mobile broadband revenue per line per quarter fell by 3.6% to 27.75 euros. This figure also represents an all-time low, according to Cinco Días.

While the fixed telephony price index fell to 84 points at the end of 2020 when in 2019 it was at 107.4. In this segment, quarterly fixed telephony revenues per customer fell to 26.62 euros which was a 12% drop in 2020, according to data collected by Cinco Días.

These data show how the sector is experiencing strong price competition with the entry of new players, such as virtual mobile operators or the creation of new brands within traditional operators to compete with them.

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Restrictions extended. Malls talk about billions more in losses

This is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here.

The government has decided to extend the existing restrictions until at least April 18. The Polish Council of Shopping Centers warns that this decision means further billions of zlotys in losses for the industry, while the Confederation of Polish Confederation of Private Employers (PKPP) points to the necessity of launching extended assistance for the companies.

"The restrictions in force so far have been extended until April 18," said Health Minister Adam Niedzielski at the press conference after the meeting of the Government Crisis Management Team. He added that further decisions on this matter can be expected next week.

Maintaining the restrictions means, among other things, that hairdressing and beauty salons will remain closed, in churches, there are stricter limits on the number of believers, and trade in shopping centers and malls, with a few exceptions, remains frozen.

Billions more in losses

"Losses of the shopping centers sector are deepening by billions more zlotys," assesses the managing director of the Polish Council of Shopping Centres Krzysztof Poznański. As he adds, the estimated amount of debt of the whole sector is approaching 90 billion zlotys, which means the annual cost of the interest alone at the level of 3.2 billion zlotys.

At the same time, Krzysztof Poznañski points out that the owners and managers of shopping centers and shopping galleries have transferred over 5.5 billion PLN, i.e. around half of the annual revenue, to support the tenants.

"Despite the prolonged lockdowns, the landlords are still deprived of any state aid, which would compensate the privileges of one market player - tenants - over the others - landlords. The effects of the recent decisions will be felt by all owners and managers of shopping centers in Poland with an area of more than 2,000 sq m, and about 300 out of more than 570 retail facilities operating in Poland belong to Polish owners," explains the PRCH managing director and recalls that the Council recommends"supporting the entire retail sector by creating a mechanism based on subsidies for tenants to fixed costs, including rents - in line with the good experience from other European countries - so that they can settle their obligations to landlords".

"We hope this is the last such lockdown"

The issue of a support mechanism for closed industries is also pointed out by employers,

"We hope this is the last such lockdown. With the restrictions extended, it is all the more necessary to extend the support for industries and companies that the government has announced. The future of many businesses and thousands of jobs depends on it. The current restrictions deepen the difficult situation in the tourism, hotel, and catering sectors. Some of the industries have actually been closed for several months. This is a common problem of small and large companies that are now waiting for the announced assistance," says Grzegorz Baczewski, General Director of the Confederation Lewiatan.

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One Egyptian company is keeping the 5,000-year-old art of papyrus-making alive – here’s what it’s like inside

  • We visited an Egyptian business that's one of the last places in the world to make papyrus paper.
  • Ancient Egyptians invented papyrus paper around 5,000 years ago, but the art is almost completely lost today.
  • One village is keeping the ancient tradition alive, though the pandemic is hurting business.
  • See more stories on Insider's business page.
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JOIN US THURSDAY FOR A LIVE EVENT: Experts answer your questions about coronavirus vaccines and the risk of rare, serious blood clots

Veran France vaccination health minister AstraZeneca
French Health Minister Olivier Veran receives a dose of the AstraZeneca-Oxford Covid-19 vaccine.

Coronavirus vaccines are the world's best hope for ending the pandemic.

But two of the shots are now under scrutiny, after a small number of reports linking them to rare, yet extremely serious, blood clots.

In the US, health regulators have called for a pause in vaccinations with Johnson & Johnson's shot so they can evaluate reports of blood clots. Some countries have halted immunizations with AstraZeneca's vaccine, or restricted it to more limited groups of people, after European Union health officials said it can cause a rare type of blood clot.

In both cases, the blood clots affect very small numbers of people. Regulators are trying to balance the potential risks of the shots against their overwhelming benefits in fighting the pandemic, which has already killed almost 3 million people around the world.

There are other shots available from Moderna, Pfizer-BioNTech, and more. But supplies are limited, meaning that a decision to stop using the AstraZeneca or J&J shots could delay the global immunization campaign.

To understand the risks and benefits of these vaccines, join us on Thursday, April 15, at 11am ET/ 8am PT for a live discussion hosted by Insider Healthcare Editor Zachary Tracer with reporters Aria Bendix and Dr. Catherine Schuster-Bruce.

Register for the event here

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Fed Chair Jerome Powell says the greatest risk to the US economic rebound is another wave of the coronavirus

FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus,  in Washington, U.S., March 3, 2020. REUTERS/Kevin Lamarque
U.S. Federal Reserve Chairman Jerome Powell  speaks in Washington
  • The US economy is about to start growing "much more quickly," Federal Reserve Chair Jerome Powell told CBS.
  • The biggest risk to the economic recovery is another surge in coronavirus cases, Powell said.
  • He credited steady vaccinations, stimulus, and strong monetary policy for the rebounding economy.
  • See more stories on Insider's business page.

Federal Reserve Chair Jerome Powell says the US economy is about to start growing "much more quickly," but a resurgence in COVID-19 cases could derail that progress.

Powell discussed the US economic recovery from the coronavirus pandemic with CBS' Scott Pelley, in an interview set to be aired on 60 Minutes Sunday at 7 pm ET.

In a preview of the interview, Powell said the US economy is at an "inflection point" more than a year after the virus forced widespread lockdowns, tangling supply chains, shuttering businesses, and leaving millions of Americans unemployed.

Powell said the economy is picking up steam "because of widespread vaccination and strong fiscal support, strong monetary policy support."

"We feel like we're at a place where the economy's about to start growing much more quickly and job creation coming in much more quickly. The principal risk to our economy right now really is that the disease would spread again. It's going to be smart if people can continue to socially distance and wear masks," Powell told CBS.

The March jobs report showed positive signs, adding 916,000 nonfarm payrolls, well-exceeding economists' expectations. The unemployment rate fell to 6% from 6.2%, matching forecasts, still far above the 3.5% pre-pandemic rate.

While businesses reopen and hiring appears to be surging, many employers have said they are struggling to fill vacant jobs, especially in the restaurant and retail sectors, which took a huge hit last year.

Powell earlier this month said some people may struggle to reacclimate to an economy permanently changed by the pandemic, adding the Fed will continue to provide support to prevent scarring and persistent unemployment.

"The real concern is that longer-term unemployment can allow people's skills to atrophy, their connections to the labor market to dwindle, and they have a hard time getting back to work," he said in the conference. "It's important to remember we are not going back to the same economy, this will be a different economy," Powell said in a virtual conference hosted by the International Monetary Fund.

Powell and experts have also cautioned that another wave of the coronavirus could unwind economic progress.

Even as vaccinations continue to roll out in the US at a steady pace, confirmed cases of COVID-19 in the US have again been on the rise. The director of the Centers for Disease Control and Prevention last month warned of "impending doom" and a possible fourth surge of the virus, spurred by variants.

On Saturday, an Israeli study found coronavirus variants first found in South Africa and the UK are able to partially "breakthrough" the Pfizer/BioNTech vaccine. The study has not yet been peer-reviewed.

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How to contact Discord and submit a help or support request as a user or developer

Contact Discord
There are several ways you can contact Discord support.
  • You can contact Discord support directly using their online forms for users and developers, via Twitter, or by reaching them via email at [email protected]
  • Developers can contact Discord with a specific issue using the Game Dev "Submit a request" feature.
  • If you want a quicker resolution, you can try to use Discord's FAQ help center or community forums to get general support or help from fellow Discord users.
  • Visit Insider's Tech Reference library for more stories.

Discord - the popular group-chatting platform initially designed for gamers - offers users a way to communicate, play games, stream, listen to music, and more.

With so many users and so many ways to use it, you're likely to encounter problems on the platform. Regardless of the issue - whether it's audio and video functionality, your Nitro subscription, or integrating Discord with a game console - contacting the support team is easy.

You can contact Discord for help and support issues through email at [email protected], via Twitter, or through various means within their help department.

How to contact Discord developer support

Like Discord users, developers are allowed to send support requests. Their request form is a little broader, and the help center isn't as large, but you can still get answers and related assistance.

Developers can use their own request form to receive help from Discord.

First, go to the game developers' submission request form. Then provide a description of the problem, how the bug is affecting your program's function, what the program is intended to do without the bug, and what the outcome is of the program with the bug.

You must also include the operating system you're using and the platform that it's used on.

How to delete your Discord account using a computerHow to add emojis to Discord using the emoji menu, or upload your own emojiHow to report someone on Discord in 2 ways for inappropriate or otherwise rule-breaking behaviorHow to share your screen on Discord using your computer
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Carl Icahn names a former GE executive as CEO of Icahn Enterprises: WSJ

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014.  REUTERS/Brendan McDermid/File Photo
Carl Icahn.
  • Billionaire fund manager Carl Icahn has named Aris Kekedjian as CEO of Icahn Enterprises, the WSJ reported.
  • Kekedjian, who will assume the CEO post on Monday, previously spent three decades at GE.
  • See more stories on Insider's business page.

Billionaire fund manager Carl Icahn has named a former General Electric executive as CEO of Icahn Enterprises, the Wall Street Journal reported Sunday.

In an interview with the Journal, the activist investor said Aris Kekedjian will take over as CEO and chief operating officer on Monday. Kekedjian spent three decades at GE, and was the company's chief investment officer until 2019, the Journal reported.

Icahn Enterprises current CEO, Keith Cozza, and chief financial officer, SungHwan Cho, are leaving the firm, which consists of Icahn's investment fund and other companies he controls, the WSJ said.

Icahn told the newspaper the pair of top executives were leaving on excellent terms. The decision was partly precipitated because neither planned to relocate to the Miami area, where Icahn Enterprises moved last year, he said.

In 2019, Icahn told staff he was shutting down offices in New York and opening up in early 2020 in Miami. Those who stayed with the company received moving expenses. Those who didn't want to move to Florida got severance, Reuters and the New York Post reported.

Over the past year, a number of other powerful tech titans and Wall Street heavyweights have also made the move to Florida, drawn by lower taxes and other perks. Remote work during the COVID-19 pandemic also spurred some companies and powerful individuals to consider the move.

Icahn Enterprises did not immediately respond to Insider's request for comment about Kekedjian.

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How to delete your entire Bumble account, or only erase your ‘Date Mode’ account

woman using smartphone
You can cancel your Bumble accounts from your Profile page.
  • You can delete a Bumble account by hitting "Delete" at the bottom of your account's Settings menu.
  • Once you delete your Bumble account, it can't be restored, and you'll need to make a new one.
  • If you want to keep your Bumble Bizz and BFF profiles, you can just disable "Date Mode" instead.
  • Visit Insider's Tech Reference library for more stories.

Dating apps are one of the industries that's benefited from pandemic life, with platforms like Hinge and Tinder seeing spikes in use.

Related Article Module: What is Bumble? How the dating app differs from its competition, and what it offers women

But with more people downloading these apps, there are also more people who will eventually need to delete them - either because they've found a relationship, or just gotten bored of swiping.

If you're thinking about deleting your free or paid Bumble account, the process is simple.

What you should know before deleting your Bumble app

Deleting a Bumble account is easy, but there are a few things to note.

If you're paying for a premium Bumble subscription, you'll need to cancel that subscription first. Otherwise, you'll keep being charged even though you don't have an account.

If for whatever reason you can't access the app, don't worry - your profile and billing information is intact, and you can contact Bumble's support team for help deleting your account.

If you don't necessarily want to get rid of your full Bumble profile, just the romantic part, you can turn off Date Mode. This will let you keep using the app's friendship- and business-based modes, Bumble BFFs and Bumble Bizz. But you should know that if you turn off Date Mode, it will permanently delete all the conversations and matches you've made.

Here's how to delete either your entire Bumble account, or just Date Mode.

How to cancel your Bumble Boost subscription on any deviceWhat is Bumble Boost? How to use the dating app's paid features to get more matchesWhat is Bumble Bizz? How to use the dating app's professional networking mode to make new connectionsHow does Bumble work for men? Here's how Bumble chats differ for men, women, and non-binary users
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Something weird just went down in the stock market, and Wall Street is speculating it’s the result of a fund liquidation

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020 at Wall Street in New York City
  • A selling spree on Wall Street erased $35 billion from the values of stocks of major companies Friday.
  • The selloff appears to be in part the result of the "forced liquidation of positions" held by Archegos Capital Management, CNBC reported.
  • Goldman Sachs liquidated $10.5 billion worth of stocks in block trades, Bloomberg reported.
  • See more stories on Insider's business page.

A selling spree erased $35 billion from the stock values of major Chinese tech and US media companies Friday, and Wall Street is speculating it was in part driven by the forced liquidation of an investment firm's holdings.

Shares of ViacomCBS and Discovery fell as much as 35% Friday, while US-listed shares of China's Baidu, Tencent Music, Vipshop and others also plunged this week. The selloff came as the broader US market ended the week higher, with the Dow closing up over 450 points, buoyed by optimism over the pace of coronavirus vaccinations.

The selloff in the Chinese internet ADRs and US media shares was in part due to the "forced liquidation of positions" held by Archegos Capital Management, CNBC reported, citing a source familiar with the situation.

Archegos describes itself as a family investment office focusing on equity investments primarily in the US, China, Japan, Korea and Europe. Archegos is run by Bill Hwang, the founder of the now defunct Tiger Asia Management. Hwang's fund is "known for employing leverage," IPO Edge reported.

The group did not immediately respond to Insider's request for comment and its website appeared to be offline on Saturday.

Goldman Sachs and Morgan Stanley liquidated large holdings this week, the news site IPO Edge was first to report, adding that the two investment banks have ties to Archegos. The move likely came after Archegos was unable to meet a margin call by an investment bank, CNBC and IPO Edge reported, citing sources familiar with the matter.

Bloomberg reported Saturday that Goldman Sachs liquidated $10.5 billion worth of stocks in block trades, where banks look to find buyers for big stock positions. The block trades included $6.6 billion worth of shares of Baidu, Tencent and Vipshop before the US market opened on Friday morning, Bloomberg reported, citing an email to clients.

Goldman then sold $3.9 billion worth of shares in media giants ViacomCBS and Discovery, as well as luxury fashion retailer Farfetch, and others, according to the report.

Goldman Sachs did not immediately respond to Insider's request for comment.

Morgan Stanley also led share offerings on behalf of an undisclosed shareholder or shareholders, Bloomberg reported. Some of the trades exceeded $1 billion in individual companies, Bloomberg reported, citing its own data.

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SIGN UP NOW: Leaders and climate activists from the World Economic Forum and more discuss sustainable solutions

Klaus Schwab
Klaus Schwab, founder and executive director of The World Economic Forum and author of "Stakeholder Capitalism."
  • For businesses, taking action on climate change requires moving from strategy to action.
  • Leaders in the finance and CPG sectors will share how to make actionable outcomes that will tackle climate change.
  • On April 20, 2021, Insider is hosting a free virtual event at noon ET, featuring speakers from the World Economic Forum and Deloitte.
  • Click here to register for this free virtual event.

There's work to be done in the fight against climate change.

Insider's virtual event "Act to Impact: Keeping our Promises to the Planet," presented by Deloitte, takes place Tuesday, April 20, 2021 at noon ET, and includes live conversations with Insider editors and leaders from large corporations in the finance and CPG sectors, climate activists and experts, artists and scholars, as well as climate tech changemakers.

Session will discuss actionable and measurable outcomes, advanced sustainable solutions across sectors, how transformative technologies can help take action forward and what part art and society at large play in the climate change movement.

Speakers include:

  • Punit Renjen, CEO, Deloitte Global
  • Professor Klaus Schwab, Founder & Executive Chairman of the World Economic Forum
  • Elizabeth Yeampierre, Executive Director of UPROSE and Co-chair of the Climate Justice Alliance
  • Rodger Voorhies, Global Growth & Opportunity Division, Bill & Melinda Gates Foundation
  • and more!

Register For "Act to Impact: Keeping our Promises to the Planet"

Don't forget to subscribe to Insider's new newsletter launching April 22, "Insider Sustainability," a biweekly source of essential stories about climate action and the planet's future. Sign up here.

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