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...El-Erian is chief economic adviser at Allianz, the parent company of Pimco, a big provider of bonds and fixed income investments, where he formerly served as chief executive....
...The Eagle Pass and El Paso crossings account for 45 per cent of Union Pacific’s cross-border business, and “there isn’t enough capacity at our other four gateways to reroute them”, the company added....
...The underlying driver there is the potential for large-scale application of an innovation in which the company holds a dominant role at present....
...No wonder it has risen to the top of the agenda of chief executives in an ever-increasing number of companies and sectors....
...A descendant of Palestinian Christian immigrants who built a textiles company, Bukele attended elite private schools but did not graduate from university and instead went into his family’s conglomerate....
...This means improved affordability and increased mortgage availability for households, while companies benefit from easier access to market financing at notably low levels compared with borrowing benchmarks...
...Ivory Coast and Ghana together produce about 70 per cent of the world’s cocoa beans and both countries have seen their cocoa crops hampered by the El Niño sea temperature phenomenon, which disrupts rainfall...
...Cigarettes After Sex’s mainstay and focus is singer-songwriter and guitarist Greg Gonzalez, who founded the band — initially as a four-piece — in El Paso in 2008....
...While most of its output is currently shipped outside the continent, it is on Africa that the company is pinning its future....
...Information provider MSCI said only 11 per cent of companies were aligned with a 1.5C temperature rise, in analysis based on the emissions goals and data of publicly listed companies in the MSCI ACWI index...
...This week, US authorities were forced to shut down rail bridges into the Texas cities of El Paso and Eagle Pass, some of the busiest crossings between the two countries....
...(Also opening this week is El Anatsui: Timespace, a show of his work at London’s October Gallery.)...
...[MUSIC PLAYING] Claer Barrett In 2014, Mohamed El-Erian surprised the financial world by stepping down as chief executive of the investment company Pimco....
...Companies in various sectors, including food and transportation, have warned about the disruption to commodities and supply chains, as well as higher insurance risks....
...Additionally, Mohamed El-Erian, the chief economic adviser at Pimco parent Allianz, was appointed board chair....
...Unusually dry weather conditions associated with El Niño are partly to blame....
...It added that some banks encouraged staff to sell more ELS products despite the growing risks, in order to boost their non-interest income....
...A significant portion of the large domestic institutional investor base, such as pension funds and insurance companies, already holds substantial quantities of bonds at large mark-to-market losses....
...It’s the anniversary of the first US Congressional session taking place, the date of Martin Luther King Junior’s assassination, the founding of Microsoft, and the birthday of El Chapo....
...“We have a situation that is very worrying because of climate change [and] mainly the El Niño phenomenon,” said Ethel Maciel, secretary of surveillance at the health ministry....
...So why are tech companies laying off workers?...
...“Africa produces light and makes a lot of companies and countries survive with the power of its materials,” he says. Yet the continent is “always seen as without light. Africa has light inside....
...The move brought the change in yields to an eye-popping 1 percentage point since the end of June, leading to higher borrowing rates for companies, more burdensome car loans for households, and more pronounced...
...Now though, the company is looking beyond its core business of luxury lodge-based trips....
...Joe Biden will tackle a humanitarian crisis and one of his biggest political problems on Sunday when he visits El Paso, Texas, to take a first-hand look at the migrant surge on the southern US border....
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