M1 Finance raises $33M Series B as it reaches $1.45B AUM

Today M1 Finance, a Chicago-based fintech startup focused on consumer finance, announced that it has closed a $33 million Series B. Left Lane Capital led the round, with participation from Clocktower Technology Ventures and Jump Capital. The firm has raised around $54.5 million to date. M1 Finance caught TechCrunch’s attention earlier in the year when it crossed the $1 billion assets-under-management (AUM) mark. When TechCrunch learned of its impending Series B, we wanted to know how fast the...
Tags: Travel, Fundings & Exits, Startups, TC, Finance, Chicago, Cac, Barnes, AUM, Brian Barnes, Clocktower Technology Ventures, Recent Funding, Finservices, M1 Finance, Left Lane Capital

Pretesting of inbound Hawaii passengers urged, Maui bars to reopen, Kauai Foodland to close, more news from all the Hawaiian Islands

Honolulu airport ©2020 All Hawaii News Experts: Test Passengers To Reopen Hawaii Tourism. People traveling to Hawaii could get a COVID-19 test before boarding the plane at a national pharmacy chain under a deal in the works with state officials. Civil Beat.UH proposal calls for strict preflight screening of out-of-state passengers. The University of Hawaii is proposing a way to allow for the reopening of out-of-state travel to Hawaii while ensuring minimal spread of COVID-19 from tourists...
Tags: Travel, Minneapolis, Hawaii, Kim, City Council, Hawaii Island, Waikiki, Kauai, Maui, Honolulu, Hawaii County, West Hawaii, State Capitol, Oahu, Circuit Court, Hawaii Department of Health

Someday One Day Though When?

                      [Author: French la Vie]
Tags: Travel, French la Vie

Global Hotel Stay Data Shows U.S., Canada Follow China’s Precedent of Early Recovery with 30% Increase in May

Dallas, Texas (June 11, 2020) - While globally hotel stays remain relatively flat at all-time lows, the U.S. and Canada saw stays increase 10-30% week-over-week in May, according to the latest data from Onyx CenterSource, a leading global provider of B2B payments and business intelligence to the hospitality industry. OnyxComp internal analytics show recent hotel stay trends in parts of the U.S. and Canada follow earlier data from China, shared on the Onyx blog yesterday, indicating signs ...
Tags: Travel, China, Canada, South America, Onyx, Dallas Texas, OnyxComp internal analytics

Day 80 of Lockdown

713. Necks hurting. I need to stop using the pillows. There's some soreness in my back. This could either be all the sitting I do throughout the day or may be because I've just woken up. The eyes are tad blurry - I am yet to wash my face. The legs are stiff, as you'd expect an old man's after he's just woken up from fitful sleep. I font know if fitful is the right expression. I do remember that I saw some dream, no, I don't recall that. But I did have a dream. And that means I was in REM and tha...
Tags: Travel, Ageing, Ageist

Pizza Fritta 180, Surry Hills

Pizza Fritta 180, located on the corner of Crown and Foveaux streets in Surry Hills, serves up a Naples pizza specialty. It's deep fried pizza whether it is Montanaras or fried dough rounds or their namesake Pizza Fritta, a folded over calzone style of dough!
Tags: Travel, Naples, Surry Hills, Foveaux, Pizza Fritta

Is Your Hotel Sales Team Ready For The Transition From "Fishing For Inbound Leads" To "Sales Hunting”? | By Doug Kennedy

In the course of a few months, the hotel group, conference, event, and BT sales landscape has transitioned from a period of historically high demand to near zero. After the tidal wave of cancellations and postponements in March, followed by an eerily quiet April and May when many were furloughed, hotel salespeople are now returning to an entirely new sales habitat.
Tags: Travel, Bt, Doug Kennedy

Oracle Hosts Innovation Week to Help Accelerate Recovery Solutions

The need to innovate hotel operations for a new marketplace - altered by emerging health safety regulations and escalating guest demands - has never been more apparent.
Tags: Travel

Travelers Flock to Health-First Hospitality Brands, and Investors Are Taking Note

Investors and consumers are regaining confidence in the travel industry. Last week, full-service property management company Vacasa announced a $108 million investment round, a bit of good news for the travel and hospitality world, which has been devastated by the Covid-19 pandemic, from airlines to hotels and vacation rental services such as Airbnb and Vrbo,...
Tags: Travel, Advertising, Airbnb, Vacasa, Life After Lockdown, Travelers Flock to Health First Hospitality Brands

Oil edges higher, even as U.S. inventory rise revives glut worries - Reuters

Oil edges higher, even as U.S. inventory rise revives glut worries - Reuters:Oil rebounded from earlier losses on Wednesday, even as U.S. data showed crude inventories rose to a record high, reviving worries of a persistent glut due to weak demand.Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a U.S. Energy Information Administration report.Product demand rose, however, though it remains far below levels at this time last year. Distillate in...
Tags: Travel, Reuters, U S Energy Information Administration, Rupert Neil Bumfrey, Andrew Lipow, Lipow Oil Associates, Houston Brent

Why Are Expats Leaving #Dubai? - Bloomberg

Why Are Expats Leaving Dubai? - Bloomberg:Millions of foreigners across the Gulf are having to weigh whether to stay or go home as the fallout from the pandemic forces economic adjustments. The impact is starkest in Dubai whose economic model is built on the presence of foreign residents who comprise about 90% of the population. One study estimates that the U.A.E. could lose 900,000 jobs. Bloomberg’s Zainab Fattah reports on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg) [Author: nore...
Tags: Travel, Bloomberg, Middle East, Dubai, Gulf, Rupert Neil Bumfrey, Bloomberg Daybreak, Zainab Fattah

MIDEAST STOCKS-Egypt hit by blue-chip sell-off; Gulf trade calm | Nasdaq

MIDEAST STOCKS-Egypt hit by blue-chip sell-off; Gulf trade calm | Nasdaq:The Egyptian stock market ended lower on Wednesday, pulled down by its blue-chip shares, while trade on major bourses in the Gulf was uneventful.Egypt's blue-chip index .EGX30 declined 1.1%, pressured by a 1.8% fall in Commercial International Bank COMI.CA and a 3.4% drop in tobacco monopoly Eastern Company EAST.CA.Stock exchange data showed foreign investors were net-sellers of Egyptian stocks.In Qatar, the index .QSI drop...
Tags: Travel, Qatar, Egypt, Gulf, Rupert Neil Bumfrey, QSI, Commercial International Bank COMI, Qatar Islamic Bank QISB QA, Industries Qatar IQCD, Lulwa Rashed al Khater

#UAE economy to contract by 3.6% this year, central bank says - Reuters

UAE economy to contract by 3.6% this year, central bank says - Reuters:The United Arab Emirates (UAE) economy is likely to contract by 3.6% this year after economic activity slowed because of the coronavirus pandemic, the central bank said on Wednesday.In the first quarter of this year, the UAE economy shrank by 1% year on year, with non-oil gross domestic product down by 3%, as opposed to hydrocarbon GDP, which rose by 3.7% year on year.“As the drop in economic activity is expected to be follow...
Tags: Travel, Uae, Reuters, United Arab Emirates UAE, Rupert Neil Bumfrey

5 Tips to Activate Your Ecommerce

It is becoming clear that travel segments and travelers' behavior are changing because of the coronavirus. Now more than ever, hotels should be preparing for changes. Changes in their typical guest profile, where their guests are coming from, what they are able to offer to guests, and changes being made at the property level to ensure the health and safety of both guests and staff.
Tags: Travel

Nobody Asked Me, But… No. 232: Hotel History: Union Station Hotel | By Stanley Turkel

Hotel History: Union Station Hotel, Nashville, Tennessee, (125 rooms)
Tags: Travel, Nashville Tennessee, Stanley Turkel

Huawei’s new handset goes international June 25, with all of the camera and none of the Google

The Huawei P40 Pro+ has already been on the market in China for a few days now. And in spite of various legal woes, the handset is set for international available on June 25. Given…everything the company is dealing with, it should come as no surprise that availablity outside of its home country will be fairly limited to select markets, including the U.K. and Europe. It won’t be available through the standard channels in the U.S., naturally. And what’s more, it won’t have any Google services, ...
Tags: Travel, Google, TC, Mobile, Europe, Hardware, China, United States, Huawei

Uber shares tumble 5% as reports indicate it will lose the Grubhub deal to European rival

Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service. Uber competes with Grubhub domestically with its Uber Eats service; a tie-up between the two could have given Uber suffocating market share in the United States, and thus improved economics. Losing Grubhub to European-rival Just Eat Takeaway — the Wall Street Journal broke the news — is difficult news ...
Tags: Travel, Fundings & Exits, Startups, Uber, United States, Earnings, Takeaway, Wall Street Journal, Cnbc, GrubHub

Extra Crunch Live: Join BLCK VC’s Sydney Sykes for a discussion on fostering diversity in venture

Tech has dropped the ball. For an industry that holds so much power, and prides itself on being ahead of the curve, the diversity of venture capital and among tech entrepreneurs leaves so much to be desired. More than 80 percent of VC firms don’t have a single black founder. It’s no surprise, then, that the vast, vast majority of venture funding comes from white men to white men. This is why we’re excited to sit down for a chat with Sydney Sykes, co-founder of BLCK VC, a community by and for Bla...
Tags: Travel, Startups, TC, Softbank, Harvard University, Venture Capital, Sykes, New Enterprise Associates, Menlo Park, Federal Reserve Bank of Boston, Frederik Groce, Sydney Sykes, Extra Crunch, Extra Crunch Live, BLCK VC, Harvard Undergraduate Women and Business

Window to the Soul of a Blue Iceberg in Cierva Cove, Antarctica

As I close my series on Antarctica, I’d like to offer one more image of this dramatic destination. This blue iceberg is one of my favorite photos from Antarctica. Our two rubber Zodiacs set off one morning to cruise around Cierva Cove. The bay was choked with icebergs ranging from tiny to gargantuan, but it was this mid-size one that caught my attention. Not only was it a gorgeous blue hue, it also had an almost perfectly circular hole at its base. Our captain hadn’t noticed the iceberg;... The ...
Tags: Travel, Daily Photo, Photography, Culture, Antarctica, Cultural Travel, Icebergs, Cierva Cove, Cierva Cove Antarctica, Blue Iceberg

European, Middle Eastern & African Stocks - Bloomberg #UAE #SaudiArabia #Qatar close

European, Middle Eastern & African Stocks - Bloomberg:Updated stock indexes in Europe, Middle East & Africa. Get an overview of major indexes, current values and stock market data in Europe, UK, Germany, Russia & more. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Europe Middle East Africa, Rupert Neil Bumfrey, Europe UK Germany Russia, Bloomberg UAE SaudiArabia Qatar

Law, Bigotry, and Expertise

For the symposium on Linda McClain, Who's the Bigot?: Learning from Conflicts over Marriage and Civil Rights Law (Oxford University Press, 2020). Aziza Ahmed We live in a political moment in which the world is deeply divided between those people who believe that members of some groups, including racial minorities, immigrants, and the LGBT community need increasing legal entitlements and those who see those very legal entitlements as a threat to their own futures.  This is not new, of course. ...
Tags: Virginia, Unesco, Loving, Branding, Guest Blogger, Trump, McClain, Linda McClain, Aziza Ahmed, McClains, Rabbi Gordon, Anne Fausto Sterling, Northeastern University School, Az Ahmed

#Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera

Qatar energy minister weighs in on Saudi oil price war | Qatar News | Al Jazeera:Qatar's Minister of State for Energy Affairs said Saudi Arabia made a big miscalculation when it launched an oil price war with Russia earlier this year, flooding an already saturated global market that was reeling from falling crude demand in the wake of coronavirus lockdowns. "It was sort of a double-whammy where the market got hit in a very big way," Saad al-Kaabi, who is also CEO of Qatar Petroleum, told busines...
Tags: Travel, Saudi Arabia, Russia, Qatar, Cnbc, Riyadh, Rupert Neil Bumfrey, Qatar Petroleum, Saad al Kaabi, State for Energy Affairs, Qatar News

Oil falls towards $40 as U.S. inventory rise revives glut worries - Reuters

Oil falls towards $40 as U.S. inventory rise revives glut worries - Reuters:Oil fell more than 2% towards $40 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand because of the coronavirus crisis.The report from the American Petroleum Institute, an industry group, said crude stocks rose by 8.4 million barrels, rather than falling as analysts forecast. [API/S] The U.S. government’s official stocks figures...
Tags: Travel, United States, Reuters, American Petroleum Institute, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Rystad Energy, Bjornar Tonhaugen

#Kuwait Petroleum Corporation to ban employment of expats - Arabianbusiness

Kuwait Petroleum Corporation to ban employment of expats - Arabianbusiness:Kuwait Petroleum Corporation (KPC) and its subsidiary companies are to stop employing expatriates.The announcement was made by Minister of Oil, Acting Minister of Electricity and Water Dr. Khaled Al-Fadhel, during a parliamentary committee session on Wednesday, according to a report by state news agency KUNA. Al-Fadhel said non-Kuwaitis would not be hired for the remainder of 2020 and 2021, and the number of special contr...
Tags: Travel, Kuna, Rupert Neil Bumfrey, Kuwait Petroleum Corporation KPC, Kuwait Petroleum Corporation, Khaled al Fadhel, Al Fadhel

#Dubai Islamic Bank closes $1bn sukuk - Arabianbusiness

Dubai Islamic Bank closes $1bn sukuk - Arabianbusiness:Dubai Islamic Bank (DIB) has successfully closed a $1 billion five-year sukuk, with a profit rate of 2.95 percent per annum, the equivalent to 245 basis points (bps) over the equivalent tenor Mid Swap Rate.It marks the first public benchmark sukuk from a regional financial institution after the Covid-19 pandemic market disruption.The sukuk attracted more than 170 high-quality investors, with the order book rising to over $4.5bn and nearly 50...
Tags: Travel, Mena, Rupert Neil Bumfrey, Dubai Islamic Bank, Dubai Islamic Bank DIB

#Sharjah Islamic Bank hires banks for dollar sukuk - sources - Reuters

Sharjah Islamic Bank hires banks for dollar sukuk - sources - Reuters:Sharjah Islamic Bank has hired banks to arrange the sale of benchmark dollar sukuk, three sources with knowledge of the matter told Reuters.The sukuk issuance was likely to be soon, two of the sources said on Wednesday, adding that the banks appointed were Sharjah Islamic Bank’s relationship lenders.The size was likely be $500 million, but this could be more if demand is strong, one of the sources said. [Author: [email protected]
Tags: Travel, Reuters, Rupert Neil Bumfrey, Sharjah Islamic Bank

#Dubai merger boosts state-linked property firm's debt - sources - Reuters

Dubai merger boosts state-linked property firm's debt - sources - Reuters:Islamic bonds issued by Dubai’s Meraas Holding, a state-linked property developer, have shot up in value after the government announced the company would come under the umbrella of the ruler of Dubai’s investment vehicle Dubai Holding.The bonds, or sukuk, jumped on Tuesday - when the incorporation into Dubai Holding was announced - to close at 92 cents on the dollar from 84.2 cents the previous day, and were at around 94 c...
Tags: Travel, Dubai, Reuters, Dubai Holding, Meraas Holding, Rupert Neil Bumfrey

Worst is over, but Middle East airlines' losses to top $4.8bln in 2020 | ZAWYA MENA Edition

Worst is over, but Middle East airlines' losses to top $4.8bln in 2020 | ZAWYA MENA Edition:The worst of the collapse in air travel could be over, but airlines in the UAE and the rest of the Middle East region are expected to end the year with a serious cash burn, according to the International Air Transport Association (IATA).The region’s carriers, which are now attempting to kick start passenger services, will lose $4.8 billion this year, the air transport body said. The recovery for long-haul...
Tags: Travel, Middle East, Uae, IATA, International Air Transport Association IATA, Rupert Neil Bumfrey, Brian Pearce

Covid-19 Economies: #UAE Sees More Pain Before Recovery in 4Q - Bloomberg

Covid-19 Economies: UAE Sees More Pain Before Recovery in 4Q - Bloomberg:The United Arab Emirates expects its non-oil economy to contract 4.1% this year due to the coronavirus pandemic, with a sharper slowdown in the second quarter before a gradual recovery through the rest of the year, the central bank said Wednesday.Actual performance will depend on government support measures and the successful containment of the virus, it said. Forecasts for 2020: Fiscal growth will average about 28%, corre...
Tags: Travel, Bloomberg, United Arab Emirates, Rupert Neil Bumfrey, Dubai Expo

#Dubai Jobs: Expats Leave, Raising Concern of Economic Fallout - Bloomberg

Dubai Jobs: Expats Leave, Raising Concern of Economic Fallout - Bloomberg:It took Sarah Sissons less than a month to call an end to 25 years in Dubai. The 39-year-old moved back to Australia in May with her husband and daughter. She first came to the Gulf business hub as a teenager, when her father was a pilot for Emirates,  and never really left.“Dubai is home for me,” said Sissons, who owned a small cafe and worked as a freelance human resources consultant. But “it’s expensive here and there’s...
Tags: Travel, Australia, Dubai, Gulf, Sissons, Rupert Neil Bumfrey, Economic Fallout Bloomberg, Sarah Sissons

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