After a couple of weeks of uncertainty, Silicon Valley Bank has finally found a buyer for its seized assets. The North Carolina-based First-Citizens Bank has stepped up to purchase the remains of the fallen bank, according to the FDIC on March 26. The First-Citizens Bank was founded in 1898 and claims to have over 100…
Elon Musk is one of the defining figures of our times. Some see him as a world-saving hero, others as a Bondian villain. Sometimes an eccentric, almost trillionaire, and dangerous influencer. Musk leaves no one indifferent. Even the most disconnected from the business world know and have an opinion of him. While not the first,…
Petrochemical industry leaders and financial investors need to update their strategic agendas and focus on recovery scenarios, regionalized supply chains, and capital productivity. That is, if they want to minimize the negative impact of the coronavirus pandemic on the industry, according to McKinsey & Company. In a recent analysis, the global consulting firm wrote that slowing…
The tidal wave of travel cancellations that came along with the coronavirus pandemic upended usual accommodation patterns and put heavy pressure on occupancy levels across the world. Portugal was no exception, with its always-bustling capital now much quieter than usual and a large number of its hotel rooms and vacation rentals remaining dormant. Exclusive…
The number of new listings coming onto the short-term rental market in Portugal has plunged as lockdowns to curb the spread of the coronavirus paralyzed the sector. Only 6,000 new properties have been listed across the country this year so far—the lowest figure since 2015, according to exclusive statistics provided to Via News. Out of…
Technology has played a critical role in helping us adapt to the maelstrom of disruption caused by the coronavirus pandemic and the new realities of daily life. Amongst all technological innovations, automation has proved to be a major optimization lever reshaping industries across the globe. The trust of businesses in the power of automation is…
As many as two million women across the United States are considering taking a leave of absence or leaving the workforce altogether due to the challenges created by the coronavirus pandemic, McKinsey & Company says. The exodus means the corporate world will end up with far fewer women in leadership roles and far fewer women…
Executives almost worldwide are more optimistic about the economy and their own companies’ performance than they have been at any time so far during the coronavirus pandemic, according to a new survey by McKinsey & Company. “More than half of all executives surveyed say economic conditions in their own countries will be better six months…
Over 13 billion malicious and suspicious emails were blocked in 2019, Microsoft said in a new report, adding that the volume of successful cyberattacks in countries experiencing COVID-19 outbreaks is on the rise. “Threat actors have rapidly increased in sophistication over the past year, using techniques that make them harder to spot, threatening even the…
Cybersecurity threats have always been a concern for governments, businesses, and individuals, but COVID-19 and the current state of fear and vulnerability have allowed cybercriminals to put a new twist on attacks that already exist. The rise in online shopping as a result of lockdowns has also exposed customers to greater cybersecurity risks. Meanwhile, remote…
