Word: portfolio
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...operator's own network within a country, says Gutberlet. But eventually, most operators will be forced to join the VoIP revolution. Some already run wi-fi hot spots; in France, Orange subscribers can tap the Net with laptops and other devices, so adding VoIP phones to its portfolio could help the company hold onto at least some voice revenue. Germany's third largest operator, E-Plus, last week said that it will include Skype software as part of its flat-rate €40-per-month data-card subscription for use on laptops, starting in October. "In the long term...
...This is also an encouraging development for the rest of the world?but with a potentially painful twist. By moving to a currency basket, China will need to diversify its enormous portfolio of foreign-exchange reserves, which totaled some $660 billion at the end of the first quarter. Other Asian countries?also massively overweighted in dollars?should follow China's lead. The near-simultaneous announcement by Malaysia that it would abandon the ringgit's dollar peg in favor of a managed basket float confirms such a possibility. The Bank of Korea has also been itching to diversify out of dollars...
...another stunner to Sir Richard Branson's growing portfolio of former hideaways turned luxury hotels. The latest is the Kasbah Tamadot (virgin.com/kasbah), an 18-room property 50 minutes south of Marrakech, in the foothills of Morocco's High Atlas mountains. Branson, who bought it in 1998, spent years renovating the building. Today, its Moorish doors open onto mosaic-covered courtyards, azure reflecting pools, and terraced gardens, which cascade down to an infinity pool that's ringed by rosebushes, fruit trees and cactus plants...
...euros and cents. The Vatican announced last week that it was in the black for the first time in four years, netting a 2004 surplus of nearly €3.1 million. Meanwhile, assets managed by the Church of England's Church Commissioners have fattened to $7.6 billion as its investment portfolio - which helps pay for priest pensions - continues to outperform the market. In March this year, London church officials hailed a yield of 13.6% for 2004, putting the fund in the top 3% of more than 700 similar British pension funds measured by the WM All Funds Universe benchmark. While Louis...
...iconic style magazine marks its quarter century Summits of Style Esoteric treatments in a minimalist setting A Starflyer Is Born In-flight comfort with an internet connection in every seat Take a Hike Destinations to restore your sense of wonder Add another stunner to Sir Richard Branson's growing portfolio of former hideaways turned luxury hotels. The latest is the Kasbah Tamadot (virgin.com/kasbah), an 18-room property 50 minutes south of Marrakech, in the foothills of Morocco's High Atlas mountains. Branson, who bought it in 1998, spent years renovating the building. Today, its Moorish doors open onto mosaic...