Author Archives: Deep Patel

Sports card collecting is having a moment not seen since the 1970s and 1980s. This year saw sales of sports cards at public auction reach all-time highs. Over ten cards sold for $500,000 or more. Two basketball cards sold for $1.8 million each, a Lebron James rookie card and a Giannis Antetokounmpo rookie card. 2020 also saw a 2009 Mike Trout baseball card sell at auction for a record-breaking $3.84 million. Interest in collecting and values have seen a steady uptick for the last decade with prices really starting to rise at quicker rate somewhere around 2016 or 2017. With the onset of the pandemic at the beginning of this year, card collecting reached new heights. Largely driven by those in their 30s and 40s, who collected when they were young, these individuals found themselves at home revisiting their card collections. Then came ESPN’s release of the Michael Jordan documentary…

Read more

Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They are launching new tools to provide on-the-ground information about local mask requirements, social distancing regulations and quarantine rules, as well as details of hotel, airline and ground-transport hygiene. Travellers are moving away from cheaper online bookings to seek counsel from experienced consultants amid a slow but growing rebound in the corporate travel industry, which normally accounts for $1.4 trillion of annual spending. “I am seeing a trend now starting to pick up … We can Zoom or Microsoft meetings but nothing beats the face to face,” said Jo Sully, regional general manager Asia-Pacific at American Express Global Business Travel. “I think it will be a gradual recovery in terms of that. People will maybe think ‘Should I just do…

Read more

The new 5G site on the altitude of 6,500 meters shows capability to deliver the network to the peak of Everest China Mobile and Huawei have jointly taken 5G connectivity to a new height by bringing a dual Gigabit network to the summit of Mount Everest upon the completion of the world’s highest 5G base station at the altitude of 6,500 meters. Huawei’s 5G technologies are applied at three base stations, between the altitudes of 5,300 meters to 6,500 meters. Network maintenance and optimization are executed by a dozen network specialists who are stationed 24/7 in these camps to ensure smooth network operations. Huawei’s 5G Active Antenna Unit (AAU) is highly integrated in a compact size, making it easy for deployment and installation in extreme environments such as Mount Everest. The network is further supported by Huawei’s Massive MIMO technology, providing large bandwidth at blazing speeds. Huawei’s Massive MIMO is…

Read more

Beyond grappling with the global public health crisis sparked by the COVID-19 pandemic, governments the world over are doing what they can to mitigate the economic fallout from lockdowns and social distancing. Already, the stock markets have witnessed the kind of downturn not seen in a generation. The Middle East was no exception. Even the wealthy nations of the Arabian Gulf have been hard hit by plummeting oil prices. The purchasing Managers’ Indexes which look at prevailing economic trends have been reaching record lows. UAE’s big bazooka From mid-March, the UAE Central Bank moved to protect the economy, buffering banks and businesses with an economic support scheme worth around 65 billion euros. This took the form of collateralized loans to banks at zero cost in order to encourage lending. And freeing up cash from ‘capital buffers’ which are the banks’ mandatory rainy day funds. “The Central Bank of UAE has…

Read more

We are now over a decade into the third era of finTtech innovation, which grew out of the fallout from the 2008 global financial crisis and the advent of the smartphone. With record amounts of investment flowing into the sector again in 2018, this innovation train shows no signs of slowing. However, in the past couple of years, it has rounded a curve and started to branch off in some interesting new directions. The curve? Consumers reaped most of the benefits of the early part of this wave, with more efficient payment and lending products leading the way. However, investment in B2B fintech startups has been ramping up for the past couple of years, and by year’s end we can expect to start to see businesses reap the benefits of the fintech wave in three major ways: B2B payments The early years of this third era saw a lot of very…

Read more

No matter how much money you earn, you’ll always be poor if you spend more than you make. In a world of average people — and average salaries — many of us aspire to join the 7-figure club. Who doesn’t dream of becoming wealthy, so they can stop working, go on guilt-free shopping sprees and take endless vacations? However, most rich people don’t do those things, and that’s part of how they build and maintain their wealth. There’s a difference between living a life of careless spending (which will quickly drain even a wealthy person’s bank account) and living for long-term financial independence and wealth. The self-made rich aren’t necessarily smarter than anyone else, but they have mastered some important principles that help them get ahead and stay ahead. Most important, they treat building wealth as a learnable skill — and it’s one that you can learn, too. So, if…

Read more

6/6