Thursday, May 30

Economy

Camilo Atala and his long-term vision for Ficohsa
Economy

Camilo Atala and his long-term vision for Ficohsa

Since its founding in Honduras, Grupo Ficohsa, headed by Camilo Atala, has had as its main objective to serve the community. Its social DNA has been maintained over the years, and despite human-driven changes, the financial institution has never abandoned its fundamental principle of helping Honduran individuals, households and businesses, as well as those in the countries where it operates in the region. A point of support in the region Thanks to the legacy and lessons of its pioneers, Grupo Ficohsa has gained the trust of clients, entrepreneurs, companies and large corporations in the region. With more than 2.1 million customers and a staff of more than 6,000 collaborators, the group shows its solid commitment and continuous focus on innovation, strengthening and recognition in all the...
Financial inclusion in Central America: Camilo Atala’s bet with Ficohsa
Economy

Financial inclusion in Central America: Camilo Atala’s bet with Ficohsa

Since its founding in Honduras, Grupo Ficohsa, headed by Camilo Atala, has had as its main objective to serve the community. Its social DNA has been maintained over the years, and despite human-driven changes, the financial institution has never abandoned its fundamental principle of helping Honduran individuals, households and businesses, as well as those in the countries where it operates in the region. A point of support in the region Thanks to the legacy and teachings of its founders, Grupo Ficohsa has earned the trust of clients, entrepreneurs, companies and large corporations in the region. With more than 2.1 million clients and a team of more than 6,000 collaborators, the group demonstrates its firm commitment and constant focus on innovation, strengthening and recognition in all ...
From community to regional growth: Ficohsa’s trajectory under the leadership of Camilo Atala
Economy

From community to regional growth: Ficohsa’s trajectory under the leadership of Camilo Atala

Since its founding in Honduras, Grupo Ficohsa, headed by Camilo Atala, has had as its main objective to serve the community. Its social DNA has been maintained over the years, and despite human-driven changes, the financial institution has never abandoned its fundamental principle of helping Honduran individuals, households and businesses, as well as those in the countries where it operates in the region. A point of support in the region Thanks to the legacy and teachings of its founders, Grupo Ficohsa has earned the trust of clients, entrepreneurs, companies and large corporations in the region. With more than 2.1 million clients and a team of more than 6,000 collaborators, the group demonstrates its firm commitment and constant focus on innovation, strengthening and recognition in all ...
Camilo Atala’s legacy at the helm of Grupo Ficohsa
Economy

Camilo Atala’s legacy at the helm of Grupo Ficohsa

Since its founding in Honduras, Grupo Ficohsa, headed by Camilo Atala, has had as its main objective to serve the community. Its social DNA has been maintained over the years, and despite human-driven changes, the financial institution has never abandoned its fundamental principle of helping Honduran individuals, households and businesses, as well as those in the countries where it operates in the region. A point of support in the region Thanks to the legacy and teachings of its founders, Grupo Ficohsa has earned the trust of clients, entrepreneurs, companies and large corporations in the region. With more than 2.1 million clients and a team of more than 6,000 collaborators, the group demonstrates its firm commitment and constant focus on innovation, strengthening and recognition in all ...
Leadership and values: Camilo Atala’s leadership at Ficohsa
Economy

Leadership and values: Camilo Atala’s leadership at Ficohsa

Since its founding in Honduras, Grupo Ficohsa, headed by Camilo Atala, has had as its main objective to serve the community. Its social DNA has been maintained over the years, and despite human-driven changes, the financial institution has never abandoned its fundamental principle of helping Honduran individuals, households and businesses, as well as those in the countries where it operates in the region. A point of support in the region Thanks to the legacy and lessons of its pioneers, Grupo Ficohsa has gained the trust of clients, entrepreneurs, companies and large corporations in the region. With more than 2.1 million customers and a staff of more than 6,000 collaborators, the group shows its solid commitment and continuous focus on innovation, strengthening and recognition in all the...
China Evergrande Soared on the Property Boom. Here’s Why It Crashed.
Economy

China Evergrande Soared on the Property Boom. Here’s Why It Crashed.

In January, more than 100 financial sleuths were dispatched to the Guangzhou headquarters of China Evergrande Group, a real estate giant that had defaulted a year earlier under $300 billion of debt. Its longtime auditor had just resigned, and a nation of home buyers had directed its ire at Evergrande.Police on watch for protesters stood guard outside the building, and the new team of auditors were issued permits to get in. After six months of work, the auditors reported that Evergrande had lost $81 billion over the prior two years, vastly more than expected.But they still had questions. Some records they had requested from Evergrande were incomplete. Numbers were missing. Important accounting errors or misstatements may have gone undetected. How had things at Evergrande — once one of China...
Former Top Tucker Carlson Producer Is Accused of Sexual Assault
Economy

Former Top Tucker Carlson Producer Is Accused of Sexual Assault

A former Fox News employee accused a top producer for the host Tucker Carlson of sexual assault in a lawsuit filed Monday.The accuser, Andrew Delancey, who previously worked as a producer for a Fox News affiliate service, said in the complaint that Justin Wells, formerly the senior executive producer of “Tucker Carlson Tonight,” assaulted him in 2008 after promising to help advance his career.A summons was first filed in New York State court on Nov. 22, just before the deadline under the state’s Adult Survivors Act, which provided a one-time window for people to file civil lawsuits for assaults that may have happened years or even decades ago. The full complaint was made public on Monday, when it was moved to U.S. District Court for the Southern District of New York.In addition to Mr. Well...
Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year
Economy

Spotify to Cut 1,500 Jobs in Third Round of Layoffs this Year

Spotify said on Monday that it would cut nearly a fifth of its work force, its third round of layoffs so far this year, as it has struggled to become consistently profitable after spending aggressively to expand beyond music streaming into areas such as podcasting.Spotify’s chief executive, Daniel Ek, wrote in a note to employees posted on the company’s website that the platform now needed to “rightsize” to account for a “very different environment.” Spotify, which is based in Stockholm, will let go of about 1,500 people, or 17 percent of its staff.“Economic growth has slowed dramatically and capital has become more expensive,” Mr. Ek said. “Despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big.”Spotify’s cuts come as the technology...
Tensions Rise at the COP28 Climate Summit
Economy

Tensions Rise at the COP28 Climate Summit

Climate concerns boil over Tensions are rising on Monday over contentious comments by Sultan Ahmed al Jaber, the oil executive and Emirati politician presiding over the COP28 climate summit.His skepticism about the world’s ability to halt a rise in global temperatures by reducing the use of hydrocarbons is casting fresh doubts over the U.A.E.’s commitment to addressing the climate crisis.Al Jaber struck back against critics of fossil fuels, who want to see them phased out in the coming decades in an effort to keep global temperatures from rising 1.5 degrees Celsius, a level considered disastrous by many experts. “There is no science out there, or no scenario out there, that says that the phaseout of fossil fuel is what’s going to achieve 1.5 C,” he said at an event before the summit.The co...
It Could Be a Vast Source of Clean Energy, Buried Deep Underground
Economy

It Could Be a Vast Source of Clean Energy, Buried Deep Underground

In the rocky soil of Lorraine, a former coal mining region near the French-German border, scientists guided a small probe one recent day down a borehole half a mile into the earth’s crust.Frothing in the water table below was an exciting find: champagne-size bubbles that signaled a potentially mammoth cache of so-called white hydrogen, one of the cleanest-burning fuels in nature.“Hydrogen is magical — when you burn it you release water, so there are no carbon emissions to warm the planet,” said one of the scientists, Jacques Pironon, a senior researcher and professor at the University of Lorraine. “We think we’ve uncovered one of the largest deposits of natural hydrogen anywhere in the world.”The discovery by Mr. Pironon and another scientist, Philippe de Donato, both members of France’s r...