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New Delhi, Nov 25 () Bengaluru's central business district (CBD) has registered highest office rental growth in Asia Pacific region at 17.6 per cent during July-September quarter of 2019 compared with year-ago period on buoyant demand, according to global property consultant Knight Frank.
Connaught Place in the National Capital Region (NCR) and Bandra Kurla Complex (BKC) in Mumbai are ranked 7th and 11th in the 20 fastest growing prime office markets in the Asia-Pacific region, respectively. 
"Office market in India continues to be robust despite sluggish economic growth," Knight Frank said in a report. 
Bengaluru's CBD, comprising areas such as MG Road, Infantry Road and Residency Road, has registered the highest year-on-year (y-o-y) rental growth in the Asia-Pacific region at 17.6 per cent in July to September quarter this year (Q3 2019).
Bengaluru was followed by the CBDs of Melbourne and Bangkok on the 2nd and 3rd positions, with a y-o-y office rental growth of 15.5 per cent and 9.4 per cent, respectively.
Rentals have risen 4.4 per cent in Connaught Place and 2 per cent in BKC, Mumbai, as per the Knight Frank's Asia-Pacific Prime Office Rental Index Q3 2019.
"The office market has been witnessing a steady growth in India, which is adequately reflected in the growth in rental values in prime office markets. Bengaluru, in particular, has seen continued growth in leasing activities, due to the competitive pricing offered by its CBD, as against its counterparts in New Delhi and Mumbai," said Shishir Baijal, Chairman and Managing Director of Knight Frank India.
Bengaluru CBD sees continuous demand, which in turn has pushed the rental values upwards, he added.
"CBD in New Delhi continues to remain attractive, however, low vacancies and lack of Grade-A supply have restricted leasing volumes in this location. Mumbai CBD, on the other hand, continues to be one of the most favourable office destination commanding high rental values. We expect the trend to continue for these markets as the demand for office space is expected to continue," Baijal said.
Knight Frank's index, which tracks office rental of 20 main cities across the Asia-Pacific region, rose 0.1 per cent quarter-on-quarter to 157.3 in Q3 2019. Year-on- year, the index rose 1.8 per cent, decelerating from the 3.4 per cent rise witnessed in Q2 2019.
According to the report, Hong Kong, with a monthly rental value of USD 206.6 per sq metre, was the most expensive office market in Asia-Pacific in Q3 2019, followed by Tokyo (USD 110.9 per sq metre) and Singapore (USD 80.5 per sq metre).
The CBDs of NCR and Mumbai were ranked as the 5th and 7th most expensive prime office markets in Asia-Pacific, with monthly rental values of USD 51.8 per sq metre and USD 46.2 per sq metre, respectively. Bengaluru's CBD commands a rent of USD 20.5 per sq metre. MJH RUJ
RUJ

Bengaluru's MG Road tops APAC list of 20 cities with highest office rental growth:Report

Sao Paulo, Jun 13 (AP) Brazil's health ministry says the country has recorded a total of 41,828 deaths during the coronavirus pandemic, meaning it has surpassed the United Kingdom and now has the second highest total in the world, according to tallies by Johns Hopkins University. Brazilian officials on Friday reported 909 deaths over the previous 24 hours. It is the hardest-hit nation in Latin America, with more than 828,000 confirmed virus cases. The news came as states and cities across Brazil start to ease restrictive measures introduced more than two months ago in hopes of limiting the spread of the coronavirus. Shops and malls are being allowed to open for four hours a day in Sao Paulo, the epicenter of Brazil's crisis. Stores have been crowded in smaller cities. (AP) RS RS

Brazil now has 2nd highest COVID death total

<ul class="summary-list"><li>US <keyword id="108651" type="ORGANIZATION" weightage="60" keywordseo="Marine-Corps">Marine Corps</keyword> Gen. Gary Thomas, the assistant commandant of the service, has tested positive for the <keyword id="1754604" type="PERSON" weightage="60" keywordseo="coronavirus">coronavirus</keyword>.</li><li>Thomas is the second-highest-ranking commissioned officer in the Marine Corps, the service said in a statement.</li><li>The Marine Corps said Thomas is experiencing "mild symptoms, but otherwise is feeling well."</li></ul>US Marine Corps Gen. Gary Thomas, the assistant commandant of the service, has tested positive for the coronavirus, the Marine Corps said in a statement.Thomas, the second-highest-ranking commissioned officer in the Marine Corps, has been in quarantine since Tuesday "out of an abundance of caution following notification of close contact with a person who later tested positive," the service said.The Marine Corps added that the four-star general is experiencing "mild symptoms, but otherwise is feeling well."Thomas met with other military leaders in a conference room at the Pentagon on Friday, which is being viewed as the source of the virus, <a href="https://www.politico.com/news/2020/10/07/marine-general-thomas-covid-427598">Politico</a> reported.Senior military leaders previously attended an event hosted by a charity organization for the families of fallen service members on September 27.The Gold Star family ceremony at the White House was attended by dozens of senior officials, including President Donald Trump, Vice President Mike Pence, Defense Secretary Mark Esper, and Coast Guard Adm. Charles Ray.Trump and Ray, the vice commandant of the Coast Guard, tested for the coronavirus. Trump was announced to have been tested positive on Friday, October 2. Ray tested positive on Monday, October 5. Ray is quarantining for 14 days.Other senior officials who attended the event announced they would be quarantining, including Chairman of the Joint Chiefs of Staff Gen. Mark Milley; Vice Chairman Gen. John Hyten; Army Chief of Staff Gen. James McConville; and Chief of Naval Operations Adm. Mike Gilday.The event came one day after another White House-hosted ceremony in honor of Trump's nomination of Judge Amy Coney to the Supreme Court. Since the September 26 event, which was hosted both outdoors and inside the White House basement, a number of officials aside from Trump have tested positive for the coronavirus, including First Lady Melania Trump; White House counselor Kellyanne Conway; and Republican Sen. Mike Lee and Thom Tillis.

2nd-highest-ranking US Marine tests positive for COVID-19

<ul><li>According to <keyword id="65298" type="COMPANY" weightage="20" keywordseo="BARC">BARC</keyword>, 38,705,978 million seconds in Week 43 is the highest ever ad volume since week 16 of 2015.</li><li>This growth is the result of the <keyword id="36208" type="PERSON" weightage="20" keywordseo="festive-season">festive season</keyword> as well as big-ticket properties.</li></ul>The <keyword id="384076" type="ORGANIZATION" weightage="20" keywordseo="television-industry">television industry</keyword> has a lot to cheer for. Data shared by Broadcast Audience Research Council (BARC) has revealed that Week 43 of 2020 witnessed the the highest ever <keyword id="9064221" type="UNKNOWN" weightage="20" keywordseo="ad-volumes">ad volumes</keyword> on television in the last 5 years. According to BARC, 38,705,978 million seconds in Week 43 is the highest ever ad volume since week 16 of 2015 on Television. The festive season and big ticket properties have helped bring on more and more advertising monies onto the medium. Moreover, overall ad volumes are also coming to normal, compared to Week 43 of 2018, bringing respite to the industry. BARC data: <table><tbody><tr><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; width: 80pt; height: 12pt; padding: 0.75pt; border-width: 1pt; border-style: solid; border-color: windowtext;">3rd highest week </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; width: 75pt; height: 12pt; padding: 0.75pt; border-width: 1pt; border-style: solid solid solid none; border-color: windowtext;">Previous week (2nd highest) </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12pt; padding: 0.75pt; border-width: 1pt; border-style: solid solid solid none; border-color: windowtext;">Current Week (Highest week) </td></tr><tr><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-width: 1pt; border-style: none solid solid; border-color: windowtext;">Week 43 2018 </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-style: none solid solid none; border-right-width: 1pt; border-bottom-width: 1pt; border-right-color: windowtext; border-bottom-color: windowtext;">Week 42 2020 </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-style: none solid solid none; border-right-width: 1pt; border-bottom-width: 1pt; border-right-color: windowtext; border-bottom-color: windowtext;">Week 43 2020 </td></tr><tr><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-width: 1pt; border-style: none solid solid; border-color: windowtext;">36.6 </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-style: none solid solid none; border-right-width: 1pt; border-bottom-width: 1pt; border-right-color: windowtext; border-bottom-color: windowtext;">37.9 </td><td style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; height: 12.75pt; padding: 0.75pt; border-style: none solid solid none; border-right-width: 1pt; border-bottom-width: 1pt; border-right-color: windowtext; border-bottom-color: windowtext; width: 107px;">38.7 </td></tr></tbody></table>*Ad Volume in million secs Growth in week 43 over 2nd highest week has been around 2.1% and the growth in week 43 over the 3rd highest week has been around 5.7%.

BARC: Week 43 of 2020 records highest television ad volumes since 2015

Delhi’s <keyword id="90899" type="UNKNOWN" weightage="100" keywordseo="Connaught-Place">Connaught Place</keyword> has slipped one place to become the world’s eighth costliest office location, according to property consultant Coldwell Banker Real Estate (CBRE). Mumbai’s <keyword id="102951" type="UNKNOWN" weightage="100" keywordseo="Bandra-Kurla-Complex">Bandra Kurla Complex</keyword> (BKC) was ranked 16th and <keyword id="6391251" type="COMPANY" weightage="100" keywordseo="Nariman-Point">Nariman Point</keyword> 32nd in the list of Top 50 Costliest Global Office Markets. 
 
“At more than $150 per sq. ft. per annum, Delhi’s traditional central business district (CBD) of Connaught Place was ranked as the eighth most expensive office market in the world,” CBRE said. 
 
Last year, Connaught Place was ranked seventh while BKC and Nariman Point were at 15th and 32nd positions, respectively. 
“London’s West End remained the world’s highest priced office market, followed by Hong Kong (Central) and Beijing (Finance Street),” CBRE said. 
 
CBRE South Asia chairman &amp; MD Anshuman Magazine said, “This downward change in rankings in the CBD is due to a recovery in the global market. Locally, however, the demand levels remain stable and due to a lack of new supply, values remain high.” 
 
CBRE tracks occupancy costs for prime office space in 126 markets across the world. The survey provided data on the basis of office rents and occupancy costs as on 31 March, 2014. CBRE noted that Connaught Place remains highly sought after by corporate office occupiers because of its central location.

Connaught Place Slips One Notch, Becomes
World’s 8th Most Expensive Office Location

<ul class="summary-list"><li>Asia's richest person, Gautam Adani, passed Jeff Bezos to become the world's second-richest person.</li><li>In February, he became the richest Asian person, and has passed Bill Gates and Bernard Arnault.</li></ul>Jeff Bezos lost his title as world's second-richest person on Friday to Indian industrialist Gautam Adani.Adani's fortune is now worth $146.9 billion, while Bezos's net worth dropped to $145.8 billion today, <a href="https://www.bloomberg.com/news/articles/2022-09-16/jeff-bezos-loses-spot-as-world-s-second-richest-person-to-india-s-gautam-adani?srnd=premium&amp;sref=LspfQlRv&amp;leadSource=uverify%20wall">according to Bloomberg</a>.In February, Adani, the <a href="https://www.adani.com/businesses#TransportationLogistics">founder and chairman of Adani Group</a>, <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">became Asia's richest person</a>, surpassing fellow Indian businessman Mukesh Ambani. Adani joined the centibillionaire's club when his wealth hit $122 billion <a href="https://www.businessinsider.com/who-is-gautam-adani-100-billion-dollars-indian-industrialist-wealth-2022-4?r=US&amp;IR=T">in April and he passed</a> Warren Buffett and Larry Page. And in recent months, <a href="https://www.bloomberg.com/news/articles/2022-09-16/jeff-bezos-loses-spot-as-world-s-second-richest-person-to-india-s-gautam-adani?srnd=premium&amp;sref=LspfQlRv&amp;leadSource=uverify%20wall">Adani also passed</a> Bill Gates and Bernard Arnault on the billionaires list.<h2>From college dropout to business tycoon</h2>After dropping out of college at Gujarat University where he was studying commerce, Adani became a diamond sorter in Mumbai, <a href="https://www.adani.com/-/media/Project/Adani/Media-Coverage/TheNewBusinessFamilies.pdf?la=en">Business Today reported</a>.He <a href="https://www.businessinsider.com/who-is-gautam-adani-100-billion-dollars-indian-industrialist-wealth-2022-4?r=US&amp;IR=T">managed his brother's</a> plastic company, helping him import PVC, and in 1988 eventually <a href="https://www.bloomberg.com/billionaires/profiles/gautam-s-adani/?sref=lAVQtUwz">established the flagship</a> for Adani Group, Adani Enterprises.Aside from successful business ventures, Adani has survived two dangerous situations.Ten years after Adani Enterprises was established, Adani claimed he and his companion, Shantilal Patel, were <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">kidnapped by a group</a> of men in 1998. The men were <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">acquitted in 2005</a> because the case lacked evidence. Times Now India reported that <a href="https://www.timesnownews.com/business-economy/companies/article/throwback-when-indias-fifth-richest-man-survived-a-kidnapping-and-terrorist-attack/606122">another two men</a> were acquitted in 2018 because prosecutors couldn't find a connection between them and Adani's kidnapping.He was also <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2?r=US&amp;IR=T">caught up in</a> the 2008 Mumbai terrorist attacks when militants took over the Taj Mahal Hotel <a href="https://www.businessinsider.com/asias-richest-gautam-adani-kidnapping-mumbai-terrorist-college-dropout-2021-11?r=US&amp;IR=T">where he was</a> dining. <a href="https://www.businessinsider.com/asias-richest-gautam-adani-kidnapping-mumbai-terrorist-college-dropout-2021-11?r=US&amp;IR=T">Adani hid</a> in the hotel basement. Now, Adani owns the <a href="https://www.adaniports.com/Ports-and-Terminals/Mundra-Port">largest commercial port</a> in India, and has a <a href="https://timesofindia.indiatimes.com/business/india-business/adani-group-takes-over-mumbai-airport/articleshow/84380085.cms">majority stake</a> in Mumbai Airport. Adani Group comprises <a href="https://www.adani.com/businesses">seven publicly-traded companies,</a> including Adani Green Energy Ltd and Adani Total Gas Ltd. As of September 16, 2022, Adani Group has <a href="https://www.adani.com/About-us">a market cap of over</a> $258.44 billion.As second-richest person, Adani is only behind Elon Musk, who is worth $264 billion, according to the <a href="https://www.bloomberg.com/billionaires/">Bloomberg Billionaires Index</a>.

Jeff Bezos was just dethroned as the 2nd richest person in the world by Asia's wealthiest individual

The 2nd Annual list of the Best Workplaces in Asia-Pacific is out and India has every reason to cheer. According to the latest list, as many as 10 Indian companies have the best workplaces in Asia-Pacific. 
	 The list features India offices of MNCs like <keyword id="108234" type="CITY" weightage="20" keywordseo="DHL">DHL</keyword>, <keyword id="6355629" type="CITY" weightage="20" keywordseo="Google">Google</keyword>, Marriott along with other offices such as <keyword id="46698" type="CITY" weightage="20" keywordseo="Lupin">Lupin</keyword>, M&amp;M and InterGlobe Enterprises. DHL was the topper while Salesforce topped the SME segment. 
	 
	Among the other multinationals in Asia, companies such as Omnicom, EMC , NetApp, Hyatt, MARS, American Express and SAP featured in the list. Other companies included RMSI Private Ltd, Forbes Marshall, Lifestyle International, Bajaj Finance, Silver Spark Apparel, Ujjivan Financial Services and Mahindra &amp; Mahindra Automotive &amp; Farm Equipment Sectors.

10 Indian companies have the Best Workplaces in Asia Pacific

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Margin Call screenshot</div></div></div>Via Dave Lutz at JonesTrading, here's a super quick guide to what traders are talking about right now. Good Morning, US Futures are slightly higher, in a rally that I describe as being "tentative at best - dead cat at worst (4times in overnight Eminis lost 12-16points in single ticks - some big gorilla moving chess pieces around). Huge move in China's offshore currency overnight has spooked markets a bit - their offshore yuan jumped by the most on record (options expiry?) - but immediately impacted Euro futures - It's a sea of red over in Europe, with the DAX off 50bp in decent turnover, as a sharp drop in Materials and Tech issues weigh. Euro Stoxx is down 90bp, as yield plays drop sharply, led by a 2% drop in utilities. Over in Asia, Shanghai lost 1.5% and Hong Kong lost 2.8% as Chinese CPI comes in higher, but weaker PPI continues slowdown concerns - The Nikkei retreated 2.5% after yesterday's 7.7% surge, and Aussie lost 2.4% as banks give back all of yesterday's gains. Overnight, Brazil was cut to Junk - EWZ is off 7%, and coupled with its 6% weighting in EEM and a sea of red in those EM Asia Markets, one would expect it to be lower, but like yesterday - it's opening with a slight bid.Overnight Papers read "Volatility rules in equity markets amid continued uncertainty over China's economy and US monetary policy" - and while Fed Funds remain at a 28% chance of liftoff - those US 2-year yields are steady at 74bp, near highest in 4years. The 10YY is bouncing small as issuance continues ($27.5B priced yesterday in IG, 2nd biggest day of 2015) - but it remains well below yesterday's peaks into the 30Y auction later today. The DXY is higher, with the $ making gains against Euro, and Yen - while the Kiwis cut rates and hinted at more to come, knocking the NZ$ near 6year lows. The Commodity complex is shrugging off the higher $, with Copper up nearly 1% and gold right behind, while the Oil complex is bouncing 1% from yesterday's smackdown despite API inventories showing a massive build of 2.1M barrels.Ahead of us today, we have Weekly Jobless Claims and the Import Price Index at 8:30 - Wholesale Inventories at 10 - Natty gas Inventory data at 10:30, ahead of the DOE data at 11. The US Treasury is selling $13B in 30's at 1. In Washington today, at 9 there is a Senate Climate Action Task Force discussion on EPA's clean power plan, at 11:15 Agriculture Sec. Tom Vilsack is announcing states that will get stake in renewable fuel initiative. At some point we could have a committee vote on US Oil Export legislation, ahead of it being introduced to the full house later this month. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/global-market-meltdown-stocks-oil-2015-8">RED EVERYWHERE: It's a global market meltdown</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="F3NTU1dzpxuF4acJ9B_9g5mwKWDZ5O4E" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Here's a quick guide to what traders are talking about right now

US <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> are closed to celebrate the Fourth of July. Here's what you need to know in global markets today.1. <a href="https://www.businessinsider.com/stock-market-news-china-pmi-us-holiday-vaccine-coronavirus-2020-6">Chinese stocks hit their highest level in 5 years, while Europe looks for direction with US markets closed for July 4th</a>. Liquidity was thin with few US investors online during the day.2. <a href="https://markets.businessinsider.com/commodities/news/oil-demand-wont-recover-from-pandemic-until-2022-goldman-sachs-2020-7-1029365117">Goldman Sachs says global oil demand won't rebound to pre-coronavirus crisis levels until at least 2022</a>. Gasoline demand is expected to be the fastest to recover among oil products due to a transition in consumer behaviour.3. <a href="https://markets.businessinsider.com/news/stocks/chinese-pmi-hits-highest-level-in-a-decade-in-latest-sign-that-the-world-s-2nd-largest-economy-is-surging-back-1029365075">Chinese PMI hits the highest level in a decade in latest sign that the world's 2nd largest economy is surging back</a>. The services PMI came in at 58.4, up from 55 in May.4. <a href="https://www.businessinsider.com/billionaire-investor-ray-dalio-fed-driving-markets-us-dollar-risk-2020-7">'Capital markets are not free': Billionaire investor Ray Dalio says the Fed is boosting asset prices, valuation metrics don't apply, and the US dollar is at risk</a>. "The <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> and the markets are driven by the central banks in coordination with the central government," he said.5. <a href="https://markets.businessinsider.com/news/stocks/hedge-funds-multi-strategy-huge-gains-h1-2020-fed-push-2020-7-1029365411">A handful of multi-strategy hedge funds posted huge gains in the first half this year, bucking the industry's trend of underperformance</a>. The big winners were Chicago-based Citadel Advisors, Izzy Englander's Millennium Management, and Balyasny Asset Management.6. <a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7?op=1&amp;scrolla=5eb6d68b7fedc32c19ef33b433b4">Leaked emails show Amazon is delaying Prime Day again to October as concerns grow that a new COVID-19 demand spike may hit supply chain</a><a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7?op=1&amp;scrolla=5eb6d68b7fedc32c19ef33b433b4">s</a><a href="https://www.businessinsider.com/amazon-delays-prime-day-again-to-october-2020-7?op=1&amp;scrolla=5eb6d68b7fedc32c19ef33b433b4"></a>. The annual Prime Day shopping event is postponed to October, the third delay this year.7. <a href="https://www.businessinsider.com/tech-stocks-to-buy-cloud-picks-top-analyst-brent-bracelin-2020-7">The most accurate tech analyst on Wall Street says these 6 stocks have potential for huge gains as they transform the sector</a>. Many of the companies covered by the analyst have made enormous gains and far surpassed his price targets in the past few months.8. <a href="https://www.businessinsider.com/stock-market-outlook-big-tech-danger-slow-economic-recovery-neuhauser-2020-7">A 22-year market vet explains why stocks are headed for a 'massive reset' as the economy struggles to recover from COVID-19 — and outlines why that will put mega-cap tech companies in serious danger</a>. He thinks investors who hail the Federal Reserve as a panacea are "going to pay."9. <a href="https://www.businessinsider.com/stock-market-news-china-pmi-us-holiday-vaccine-coronavirus-2020-6">Asian stocks are up.</a> In Europe, Germany's DAX fell 0.5%, Britain's FTSE 100 fell 1.2%, and the Euro Stoxx 50 fell 0.7%. In Asia, China's Shanghai Composite rose 2%, Hong Kong's Hang Seng rose 0.9%, and Japan's Nikkei rose 0.6% at the close. In the US, futures underlying the Dow Jones Industrial Average, the S&amp;P 500, and the Nasdaq rose 0.5%.10. <a href="https://markets.businessinsider.com/economic-calendar">On the economic front.</a> The IHS Markit Purchasing Managers Index for major European economies were released today.Join Business Insider tomorrow at 12 p.m. ET for "Planning for the Future in Uncertain Times," a free digital event and part of the Master Your Money series. Presented by Fidelity, it will explore components of a strong financial plan and how to adjust it given recent events. <a href="https://slack-redir.net/link?url=https%3A%2F%2Fevent.on24.com%2FeventRegistration%2FEventLobbyServlet%3Ftarget%3Dreg30.jsp%26partnerref%3Deditor_newsletter%26eventid%3D2421485%26sessionid%3D1%26key%3DB77CA071AA13C5EB5DC445AFD40F1885%26regTag%3D%26sourcepage%3Dregister" target="_blank" rel="noopener noreferrer">Click here to register</a>.

10 things you need to know in markets today

<ul><li>Violence has reportedly cost the world a whopping $16.5 trillion in 2020, according to a GPI report.</li><li><keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> ranked 72 in this regard, with a cost of $646 billion.</li><li>Syria, South Sudan and the Central African Republic were the worst affected countries with the highest economic impact.</li><li>South Asia remained the second least peaceful region but recorded the largest increase in peacefulness, largely driven by improvements in ongoing conflicts.</li></ul>If India was anything like Iceland, it wouldn’t have been just the most peaceful country but also virtually debt-free. With the money that the violence has cost us — $646 billion — the country could have funded all its budget expenditures and various welfare programmes with ease. But, India holds a dismal 72nd rank in the <keyword id="167042" type="General" weightage="20" keywordseo="global-peace-index" source="Orion">Global Peace Index</keyword> (GPI). The <keyword id="14212009" type="General" weightage="20" keywordseo="economic-cost-of-violence" source="Orion">economic cost of violence</keyword> is as much as 6% of its <keyword id="35050" type="General" weightage="20" keywordseo="gdp" source="Orion">GDP</keyword>. Farmers protest, lakhimpur case were some of the popular violent acts that took place in 2021. India’s neighbours – Pakistan and China stood at 54th and 138th, respectively. In the last few years, India has been a victim of year-long protests against government policies, curfews, internet shutdowns apart from various big terror events like Mumbai attacks and bombings in almost every major city, naxal activities across multiple states and more. In addition to loss of life and injury, these events also cost the country both directly and indirectly. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Country </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Economic impact of violence (in millions) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Per capita impact </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Economic cost of violence as percentage of GDP </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Economic cost of violence (in millions) </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1,170,922 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$841 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$645,843 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pakistan </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$148,637 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$700 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$80,303 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">China </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1,951,603 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1,376 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$ 1,049,173 </td></tr></tbody></table>Source: <keyword id="509350" type="General" weightage="80" keywordseo="global-peace" source="Orion">Global Peace</keyword> Index report “The economic impact of violence includes the direct and indirect costs of violence as well as an economic multiplier applied to the direct costs. The economic cost of violence includes only the direct and indirect costs. Per capita and percentage of GDP results are calculated using the economic cost of violence,” the report said. Syria, South Sudan and the Central African Republic were the worst affected countries with the highest economic impact. Iceland, Kosovo and Switzerland were the least affected ones with only 2% as their economic cost as percentage of GDP. The average economic impact of the ten most affected countries by violence was equivalent to 34% of world GDP. “The economic value of lost peace reached record levels in 2021. There is a need to reverse this trend, and the GPI has shown that those countries that implement the attitudes, institutions and structures that create and sustain peaceful societies, witness an improved economic outcome,” said Steve Killelea, founder and executive Chairman of IEP. The number of countries experiencing violent internal conflict rose from 29 to 38, but the number of people killed in internal conflicts has fallen since 2017. South Asia remained the second least peaceful region but recorded the largest increase in peacefulness, largely driven by improvements in ongoing conflicts. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/these-are-the-most-peaceful-countries-in-the-world-indias-rank-has-improved-marginally/slidelist/92244821.cms">These are the most peaceful countries in the world; India’s rank has improved</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/spicejet-hiked-its-ticket-prices-indigo-and-others-might-follow-suit/articleshow/92251751.cms">SpiceJet hiked its ticket prices; Indigo and others might follow suit</a>

$646 billion — that’s the economic cost of violence in India

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Navy photo by Petty Officer 2nd Class Carla GiglioThe amphibious assault ship USS Iwo Jima sails past the Statue of Liberty into New York Harbor, November 10, 2016.</div></div></div><ul class="summary-list"><li>The US Navy reactivated its 2nd Fleet in July 2018 to operate in the North Atlantic and Arctic Oceans.</li><li>The fleet was stood up to confront Russia, whose forces have increasingly confronted Western militaries since Russia's annexation of Crimea in 2014.</li></ul>In the six months since its activation, the Navy's 2nd Fleet has bulked up and is embracing its mission in the North Atlantic and the Arctic, where the US and its partners are focused on countering a sophisticated and wily Russian navy.<a href="https://www.businessinsider.com/us-navy-reactivating-2nd-fleet-for-atlantic-amid-tensions-with-russia-2018-5" target="_blank" rel="noopener">Second Fleet was deactivated in 2011</a> for budget reasons - 65 years after being set up to deter the Soviet Union in the Atlantic and around Europe. Most of its assets were shifted to Fleet Forces Command.Read more: <a href="https://www.businessinsider.com/us-ships-and-sailors-got-beat-up-during-natos-massive-war-games-2018-12">'We can do better': The Navy's newest fleet commander says US ships and sailors got 'beat up' during NATO's biggest exercise since the Cold War</a>The fleet returns amid a shift toward a potential great-power conflict, but the new version will differ from its predecessor by being "leaner, agile, and more expeditionary," Rear Adm. John Mustin, the fleet's deputy commander, <a href="https://www.military.com/daily-news/2019/01/16/navy-gearing-leaner-agile-operations-arctic-north-atlantic.html" target="_blank" rel="noopener">said Wednesday</a> at the Surface Navy Association's annual symposium.<div class="KonaFilter image-container display-table"><div><div class="image on-image">US Navy/Mass Comm. Specialist 3rd Class Craig Z. RodarteRear Adm. John Mustin at Naval Base San Diego, February 24, 2017.</div></div></div>"When I say lean, what does that mean? The staff complement is organized and billeted to be operational. The majority of staff will focus on operations, intelligence, plans and training," Mustin said.Questions have been raised about how 2nd Fleet will integrate with other numbered fleets - particularly 6th Fleet, which oversees waters around Europe, and 4th Fleet, which is responsible for the Caribbean Sea and waters around Central and South America - but Navy <a href="https://www.military.com/daily-news/2019/01/16/navy-gearing-leaner-agile-operations-arctic-north-atlantic.html" target="_blank" rel="noopener">officials have said</a> the goal is not to draw stark lines in the sea.Read more: <a href="https://www.businessinsider.com/2nd-fleet-boss-us-navy-can-counter-russian-a2ad-in-contested-waters-2018-12" data-analytics-position="5">'We're getting a lot better': The head of the US Navy's newest fleet says it can counter one of Russia's favorite tactics</a>Second fleet's primary focus will be working with 6th Fleet and 4th Fleet "to ensure a seamless command and control for force employment - ensuring there is no vulnerability, no seam in the Atlantic," Lt. Marycate Walsh, a spokesperson for 2nd Fleet, told Business Insider in December.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Navy/Mass Comm. Specialist 2nd Class Jonathan ClayUS Navy guided-missile destroyer USS Jason Dunham hits heavy seas in the Atlantic Ocean, deployed in the 2nd Fleet area of operations, December 18, 2018.</div></div></div>Prior to its deactivation, 2nd Fleet was mostly a training command for units getting ready to deploy.Now, however, the focus is "to develop and dynamically employ maritime forces ready to fight across multiple domains in the Atlantic and Arctic," Mustin <a href="https://www.military.com/daily-news/2019/01/16/navy-gearing-leaner-agile-operations-arctic-north-atlantic.html" target="_blank" rel="noopener">said</a> at the symposium.Read more: <a href="https://www.businessinsider.com/navy-weighs-p-8-poseidon-deployment-to-alaska-to-track-russia-china-2018-12" data-analytics-position="17">The US Navy is thinking about sending advanced sub-hunting planes to Alaska to keep a closer eye on Russia and China</a>"Previously, forces reported to 2nd Fleet when they entered the fleet's geographic area of operations. Under the new model forces will be assigned once in the final stage of the training cycle and through the end of the period in which forces are available for operational tasking, unless the unit transitions to the control of another numbered fleet," Walsh told Business Insider in December."This allows 2nd Fleet to focus its attention on the development and employment of forces at the highest level of warfare," Walsh added.<div class="KonaFilter image-container display-table"><div><div class="image on-image">US Navy/Mass Comm. Specialist 2nd Class Ryre ArciagaAn MH-60S Seahawk helicopter crewman watches simulated fast-attack craft approach the USS Kearsarge during a Surface Warfare Advanced Tactical Training exercise, June 24, 2018.</div></div></div>Like the stand-up of 2nd Fleet, the Navy's first East Coast use of Surface Warfare Advanced Tactical Training - <a href="https://www.businessinsider.com/us-navy-strike-group-trains-on-east-coast-to-fight-a-tough-adversary-2018-11" target="_blank" rel="noopener">a Top Gun-like exercise</a> meant to impart advanced knowledge of weapons and tactics to surface crews - is part of the effort to train for warfare against an enemy fleet.Mustin said during his remarks that he was <a href="https://www.navytimes.com/news/your-navy/2019/01/17/second-fleet-is-becoming-operational-what-does-that-mean-for-you/" target="_blank" rel="noopener">the 18th</a> staff member to report to 2nd Fleet and that by March the command will have 85 people assigned - a "number that will continue on a glide slope that is increasing rapidly," he said.Read more: <a href="https://www.businessinsider.com/why-the-navy-launches-lcs-vessels-by-tumbling-them-into-water-sideways-2018-12" data-analytics-position="15">Here's why the Navy's newest littoral combat ship just tumbled into the water sideways</a>To avoid bloat and redundancy, the 2nd Fleet will work with Fleet Forces whenever possible, Mustin <a href="https://www.navytimes.com/news/your-navy/2019/01/17/second-fleet-is-becoming-operational-what-does-that-mean-for-you/" target="_blank" rel="noopener">said</a>. Both commands are based in Norfolk, Virginia. Ships will be under Fleet Forces' operational command, while 2nd Fleet will have <a href="https://www.military.com/daily-news/2019/01/16/navy-gearing-leaner-agile-operations-arctic-north-atlantic.html" target="_blank" rel="noopener">tactical control</a>.<div class="KonaFilter image-container display-table"><div><div class="image on-image">US Navy/Mass Comm. Specialist 2nd Class Jonathan ClayA fire controlman trains sailors on firefighting tactics in an engine room l aboard Navy guided-missile destroyer USS Jason Dunham in the 2nd Fleet area of operations, December 17, 2018.</div></div></div>But the fleet is growing to be fit for purpose and fit for its time, Walsh told Business Insider."It makes sense to describe 2nd Fleet in terms of capability rather than in terms of the number of personnel assigned," Walsh said. Most of the personnel assigned to it will focus on operations, intelligence, plans and training, "with only a few staff members focused on higher headquarters administrative functions."Read more: <a href="https://www.businessinsider.com/admiral-says-navys-new-fleet-strategy-already-fooled-the-russians-2018-12" data-analytics-position="13">The Navy's top officer in Europe says the US' new strategy has already duped the Russians</a>Mustin also <a href="https://www.navytimes.com/news/your-navy/2019/01/17/second-fleet-is-becoming-operational-what-does-that-mean-for-you/" target="_blank" rel="noopener">told attendees</a> at the symposium that they could expect 2nd Fleet personnel to be roaming their area of operations - working from forward posts on command ships or from austere locations ashore - while keeping in touch with home base in Norfolk.<div class="KonaFilter image-container display-table"><div><div class="image on-image">US Navy/Mass Comm. Specialist 2nd Class Jonathan ClayGuided-missile destroyer USS Jason Dunham approaches fleet-replenishment oiler USNS Joshua Humphreys, right, for replenishment-at-sea in the 2nd Fleet area of operations, December 19, 2018.</div></div></div>Those personnel will include staffers from allied countries and other partners who are fully integrated rather than assigned as liaisons, <a href="https://www.navytimes.com/news/your-navy/2019/01/17/second-fleet-is-becoming-operational-what-does-that-mean-for-you/" target="_blank" rel="noopener">said</a> Mustin, who added that surface warfare officers interested in 2nd Fleet had been approaching him at the symposium.Moreover, plans are to rotate Navy reservists through the fleet to work alongside active-duty sailors, with the goal of keeping those reservists up-to-date. "This is not your grandfather's 2nd Fleet, or, as my staff likes to point out, my father's 2nd Fleet," Mustin <a href="https://www.military.com/daily-news/2019/01/16/navy-gearing-leaner-agile-operations-arctic-north-atlantic.html" target="_blank" rel="noopener">said</a>.Second Fleet will also work on development in other aspects of naval warfare.<div class="KonaFilter image-container display-table"><div><div class="image on-image">US Marine Corps/Pfc. Nicholas GuevaraLt. Gen. Robert Hedelund, commander of II Marine Expeditionary Force, and Vice Adm. Andrew Lewis, commander of 2nd Fleet, at Camp Lejeune, North Carolina, August 27, 2018.</div></div></div>Working with the Naval War College and the Warfare Development Centers, the fleet "will be a hub for the Navy's concept development and implementation, ensuring that when the Navy operates around the world, it is prepared to compete, fight, and win in great-power competition," Walsh told Business Insider in December.Read more: <a href="https://www.businessinsider.com/hole-in-navy-carrier-anti-submarine-defenses-may-be-filled-by-drones-2018-12" data-analytics-position="8">The US Navy's carriers have a hole in their defenses against a growing threat, and drones may soon fill it</a>In September, the Center for Executive Education at the Naval Postgraduate School led 2nd Fleet staff in a seminar to develop the fleet's mission set, and in coming months the 2nd Fleet will work with the Naval War College on staff training to "ensure the fleet is equipped to command and control naval forces at the highest level of warfare," Walsh said, adding that most 2nd Fleet staff will attend the school's College of Maritime Operational Warfare."Going forward, this same kind of integration applies to the employment of the naval forces [that] 2nd Fleet commands," Walsh added. <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/us-navy-carrier-strike-groups-2018-6">How US Navy carrier strike groups turn the world's oceans into a buffer between the US and war</a></h3> <div> </div> </div>

The US Navy's newest fleet is bulking up for 'leaner, agile' operations to counter Russia in the Atlantic and the Arctic

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Trong Nguyen / Shutterstock.comSingapore's Changi Airport.</div></div></div><ul class="summary-list"><li><a href="https://www.businessinsider.com/category/skytrax" target="_blank" rel="noopener">Skytrax</a> announced the winner of its annual World Airport Awards on Wednesday at the Passenger Terminal Expo in London, England.</li><li><a href="https://www.businessinsider.com/category/singapore" target="_blank" rel="noopener">Singapore's</a> <a href="https://www.businessinsider.com/category/changi-airport" target="_blank" rel="noopener">Changi Airport</a> was named the World's Best Airport for the seventh consecutive year. </li><li>It's one of the busiest hubs in Asia and is home to <a href="https://www.businessinsider.com/category/singapore-airlines" target="_blank" rel="noopener">Singapore Airlines</a>. </li><li><a href="https://www.businessinsider.com/category/airports" target="_blank" rel="noopener">Airports</a> from Asia and Europe dominated the top 15 spots. </li></ul>Skytrax announced the winner of its annual World Airport Awards on Wednesday at the Passenger Terminal Expo in London, England.The UK-based international air transport rating agency named gave <a href="https://www.worldairportawards.com/worlds-best-airports-announced-2019/" target="_blank" rel="noopener">Singapore's Changi Airport the top prize for the seventh consecutive year</a>. This marks another clean sweep for the Southeast Asian city-state, as Changi Airport-based Singapore Airlines is the current Skytrax airline of the year."Changi Airport is honored to again be named World's Best Airport," Lee Seow Hiang, Changi Airport Group CEO, said in a statement. "We thank our passengers for their continued support. Their vote of confidence motivates us in our pursuit of service excellence and pushes us to continue redefining what an airport can be."In the same statement, Skytrax CEO Edward Plaisted said, "to be voted the World's Best Airport for the seventh consecutive year is a truly fabulous achievement for Changi Airport, and this award continues to underline the airport's popularity with international air travelers."Changi is one of Southeast Asia's largest transit hubs and is a major cog in Singapore's bustling economy.The facility is world-famous for its beautiful architecture, efficient operation, luxurious amenities, and plentiful dining and shopping options. Read more: <a href="https://www.businessinsider.com/best-airlines-in-the-world-2018-skytrax-2018-7" target="_blank" rel="noopener">RANKED: The 20 best airlines in the world</a>.Once again, Asia dominated the top of end of the rankings, taking the top six spots. European airports also performed well taking, seven of the top 15 spots. No airports from North America, South America, Australia, or Africa made it into the top 15.The highest ranking US airports are Denver International in 32nd position followed by Hartsfield-Jackson Atlanta International at 36. The Skytrax annual rankings are based on the impressions of millions of flyers from over 100 countries. More than 550 airports were included in the survey, which covers <a href="http://www.worldairportawards.com/Awards/awards_methodology.html" target="_blank" rel="noopener">39 service and performance parameters</a>, including facility comfort, the location of bathrooms, and the language skills of the airport staff.Here's a closer look at the other airports that made it to the top of the prestigious Skytrax list:

The 15 best airports in the world: Ranked

<keyword id="6354552" type="COMPANY" weightage="20" keywordseo="hyderabad">Hyderabad</keyword> has emerged as the best city in terms of living standards among Indian cities three years in a row, while Vienna has been ranked at the top globally in a list by consultancy firm Mercer. The National Capital for the second straight year hit the lowest score among Indian cities for living standards, as per the Mercer's Quality of Living rankings 2017. Both Hyderabad and Pune ranked higher for quality of living than the country's traditional business centres Mumbai and <keyword id="6358777" type="COMPANY" weightage="20" keywordseo="New-Delhi">New Delhi</keyword>, which have been ranked at 154 and 161, respectively, by the report. However, Hyderabad fell by five places to 144 in this year's rankings from 139th rank last year due to decreased power supply and water availability. While New Delhi scored well on account of its airport facility, availability of international schools and low probability of natural disasters, these positives were offset by a variety of negatives including a 'notorious' crime rate, air pollution and water availability, the report said. "Delhi continues to be challenged with increasing air pollution, owing to growing traffic and industrialisation. Delhi's air is the worst among world megacities, even the World Health Organisation confirmed recently. Unfortunately, there has been no improvement in air quality," Ruchika Pal, Principal and <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword> Practice Leader, Global Mobility, said. Over time, cities like Hyderabad, Pune and Chennai have emerged as cities of choice due to factors such as relatively lower crime rate, lesser air pollution and improved options for international and reputable English speaking schools. Pal noted that Indian cities that have been part of the survey have not made much progress on the quality of living scale since last year. The only exception is Chennai, whose score has marginally improved mainly on account of public transport, including buses and a recently expanded two¬line metro system, and improved availability of expat housing. Globally, Vienna remained at the top for overall quality of living for the eighth year running, with the rest of the top-ten list mostly filled by European cities. European cities in the top ten list are: Zurich (2) Munich (4), Dusseldorf (6), Frankfurt (7), Geneva (8), Copenhagen (9) and Basel ¬¬ a newcomer ¬¬ at 10th place. The only non¬European cities in the top ten are Auckland (3) and Vancouver (5). The highest ranking cities in Asia and Latin America are Singapore (25) and Montevideo (79), respectively, it said. Mercer's survey also includes a city infrastructure ranking that assesses each city's supply of electricity, drinking water, telephone and mail services, and public transportation as well as traffic congestion and the range of international flights available from local airports. Singapore topped the city infrastructure ranking, followed by Frankfurt and Munich both in 2nd place, while on the other hand Baghdad (230) and Port au Prince (231) ranked at the bottom for city infrastructure. Amongst Indian cities, Mumbai is ranked the highest at 141, followed by Kolkata (149) and Pune (151), while Bangalore was rated the lowest (177) by the report. 
 
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