90 years
South Koreans are set to have the longest life expectancy in the world, eclipsing longstanding leader Japan, according to a new study. Women in South Korea will by 2030 be the first to claim an average lifespan of more than 90 years, forecast the study’s authors, who put the developments primarily down to investment in universal healthcare. The findings by researchers at Imperial College London come amid increasingly acrimonious debate about the future of healthcare in countries including the UK and the US, which the study projects will have the lowest life expectancy of rich countries — 83 for women and 80 for men — by 2030.
$100m
The system for paying top executives is broken. Look at the people who think so. “Enough is enough,” says Richard Buxton, chief executive of Old Mutual Global Investors.
Of course chief executives should be well paid. It is a horribly demanding job. But 10 or 20 times the average employee’s pay should surely be enough — not the 154-times ratio that prevails between top UK chief executives and the typical worker. Gary Cohn left Goldman to become Donald Trump’s economic adviser, carting with him an exit package worth $100 million including $35m in restricted shares.
N413.63bn
Assets held by Nigeria’s sovereign wealth fund almost doubled to 413.63 billion naira ($1.36 billion) by the end of the third quarter of 2016 from the beginning of the year.
The Nigeria Sovereign Investment Authority’s (NSIA’s) assets rose 93.6 percent from 213.67 billion naira at the end of 2015, according to a presentation shown at a press briefing in Abuja.
The boost in a “fairly solid year” came after the NSIA deployed more capital, while “equity markets were very strong,” said Managing Director Uche Orji.
360-degress
Skyscrapers are sprouting in Dubai like wild mushrooms – the latest project being the Dynamic Tower Hotel that will be the world’s first rotating skyscraper. The residents who will be able to enjoy a 360-degree view of Dubai can also spin their apartments and control the speed too.
Scheduled for a grand opening in 2020, the Dynamic Tower hotel is being planned since 2008 by Israeli-Italian architect David Fisher. The tower will measure 1,375 feet in height and house 80 storeys that will rotate individually by standing firm on a foundation of a concrete core.
150 passengers
Delhi will soon get India’s first dedicated “heliport” for flying in and out of the capital to nearby areas in choppers. This heliport has a terminal building with a capacity of 150 passengers, four hangers with parking capacities of 16 helicopters and 9 parking bays. Owned by Pawan Hans Helicopters Ltd (PHHL), the hugely-delayed heliport to be inaugurated tomorrow, will have a large number of parking bays and an AC passenger terminal building with car parking area for the flyers.
This week’s humour
If the risk-reward ratio is right, you can make big money buying trouble – Anon
