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Editor's note: Below you'll find the week 87 release of the NYC Recovery Index, originally published May 3, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index declined in the week ending April 23, 2022, falling just over a point to close at 74 out of 100, with all major components of the index recording a weekly decline. COVID-19 hospitalization rates continued to rise, along with an uptick in unemployment insurance claims. Home sales, rental vacancies, subway ridership, and restaurant reservations all declined compared to the week of April 16. On a positive note, home sales and UI claims remain fully recovered, with pending home sales still considerably above pre-pandemic levels. New York City’s economic recovery stands at a score of 74 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is just … [Read more...] about The New York City Recovery Index: May 2

Share to Twitter Share to Linkedin Las Vegas is back in full force. Mask mandates have been lifted and the destination is busier than ever. For those who are headed out to Sin City in the coming months, there are plenty of new spots to check out. From swanky supper clubs to a lounge inspired by Paris, there’s no shortage of options when it comes to food and drinks. There’s even a unique Cirque du Soleil show, plus many other activities for some family-friendly fun. And if you have a go-to hotel on the Strip, you may just be surprised with some recently renovated accommodations at one of your favorite properties. Below, a full look at what’s new in Las Vegas for this summer. Restaurants Delilah While Delilah opened mid-July of last year, this is one spot you can’t miss if you weren’t able to make it this past summer. The restaurant is a modern take on a supper club, but done so in a way that still recalls the 1950s. Guests descend an imperial staircase … [Read more...] about Here’s What’s New In Las Vegas For Summer 2022

- A + A (May 16): As spiraling inflation spreads across the globe, emerging-market bonds from Turkey to Thailand are feeling the brunt. Local-currency debt from developing nations -- which is far more sensitive to a country’s domestic inflationary pressures than dollar denominated equivalents — has slumped almost 9% this year, the most since at least 2008, according to a Bloomberg index. There’s unlikely to be any relief soon as central bankers around the world attempt to control surging prices by raising interest rates even more aggressively — potentially risking growth in doing so. That certainly wasn’t the plan. Many developing economies led the charge in rate hikes last year, getting ahead of policy makers in the US and hoping to avoid a redux of the 2013 taper tantrum. But with inflation raging in the US and the strong dollar pressuring currencies elsewhere, these countries are now making a new rulebook. Policy makers across emerging nations are either … [Read more...] about Bond traders reel as inflation hits world’s emerging local debt

Representative Image| A hydropower plant being constructed along the Bhote Koshi River in Nepal. Image by Jonas Gratzer for Mongabay. The New Development Bank (NDB) has reached out to India Exim Bank with an offer to co-finance trade infrastructure across the world. While India remains a stakeholder in the multilateral NDB, any prospective partnership will mark the first time that it partners with China, considered to be a major global rival in all forms of multilateral finance, including export credit, and project exports in particular. "I invite India Exim Bank to identify some priority projects, in trade enabled infrastructure, which involves both the elements of physical infrastructure as well as of technology," NDB President Marcos Prado Troyjo said. Troyjo was virtually attending a summit on project exports organized by India Exim Bank on May 5. Formerly referred to as the BRICS Development Bank, the multilateral development bank was established by five nations … [Read more...] about New Development Bank seeks to co-finance trade infrastructure projects with India Exim Bank

Share to Twitter Share to Linkedin When Phil Rosenthal — creator, host and spirited funnyman of the award-winning Netflix travel-food show Somebody Feed Phil — smiles, which he does much of the time, his lips curve into the shape of a heart. Well, not a fully rounded classic heart. Rather, his mouth forms a sweet uplifted stretch of a heart. His typical facial expression — looking a little wonderstruck, a lot joyful — reflects Rosenthal’s persona: positive, ebullient, curious, caring and quick-witted. Rosenthal is beloved by legions of fans who are cheered by his gung-ho humor and inquisitive quest for the best. So this fifth season of Somebody Feed Phil , which premieres May 25 on Netflix, has been highly anticipated. It showcases five distinctive destinations, each with unique culinary twists: Oaxaca (Mexico), Maine, Helsinki (Finland), Portland (Oregon) and Madrid (Spain). These illuminating episodes brim with vibrant scenery, kitchen … [Read more...] about He’s Back! Phil Rosenthal Of ‘Somebody Feed Phil’ On His New Netflix Season, Starting May 25

Share to Twitter Share to Linkedin And then there were three. That’s three reported cases of monkeypox within a week in London. And three more than you typically see in a year in England. The first case was confirmed about a week ago, which I covered for Forbes on May 8 . And on Friday, May 13, the U.K. Health Security Agency (UKHSA) confirmed two more cases of this rare viral illness caused by the monkeypox virus. These latter two cases appear unrelated to the first case but are closely connected with each other, having come from the same household. One of them is currently hospitalized in the expert infectious disease unit at St Mary’s Hospital, Imperial College Healthcare NHS Trust, London, whereas the other is isolating at home. Obviously, the announcement of two new monkeypox cases shouldn’t be followed with words like “awesome” or “cool.” But it shouldn’t be followed with flapping your arms in a panic. The latest UKHSA announcement quoted Colin … [Read more...] about Monkeypox Update: 2 New Cases In London, England, Unrelated To First Case

Sanjay Sapre is the current President of Franklin Templeton India. His term ends in July 2022. Late evening on April 23, 2020, Sanjay Sapre , president of Franklin Templeton Asset Management (India) Ltd, made probably, one of the most awkward public announcements in his life—that of winding up six of the fund house’s marquee debt funds. These were all open-ended debt funds and weren’t meant to be shut down. Franklin Templeton believed that by winding up the schemes, it would buy the fund house time to sell its illiquid securities once market conditions improved. At the time, the COVID-19 global pandemic was declared, equity markets had fallen sharply and the debt market had frozen. Debt fund investors rushed to take their money out and fund houses everywhere saw redemptions. Franklin Templeton India was the worst affected because it had been running a high-yield strategy across six of its debt schemes, totaling assets worth Rs 25,215 crore as of April 23, 2020. Its … [Read more...] about Franklin Templeton is here to stay in India, we are hiring and getting ready to launch new funds: Sanjay Sapre

Saudi Arabia's Minister of Investment, Khalid Abdulaziz Al-Falih, left, shakes hands with Sanan Angubolkul, chairman of the Thai Chamber of Commerce. The government is planning to import fertilisers from Saudi Arabia to ensure an adequate supply during the peak planting season, amid shortages in the wake of the Russia-Ukraine conflict, according to the Ministry of Foreign Affairs (MFA). Securing a deal on fertilisers was among the trade objectives of a Thai delegation led by Deputy Prime Minister and MFA minister Don Pramudwinai last week. The delegation met with Khalid Abdulaziz Al-Falih, Minister of Investment of the Kingdom of Saudi Arabia, in a bid to further restore economic relations. It was the first time in 32 years Thai dignitaries had set foot in Saudi Arabia for formal talks. The visit is part of efforts to rebuild investment opportunities and forge joint ventures after the restoration of full diplomatic ties between the two countries was announced after Prime … [Read more...] about Fresh start seeds new trade deals

Jorge Uzon and Maggy Donaldson (Agence France-Presse) (The Jakarta Post) PREMIUM Buffalo, United States   ● Tue, May 17 2022 Grieving Buffalo residents in the United States held vigils Sunday after a white gunman who officials have branded "pure evil" shot dead 10 people at a grocery store in a "racist" rampage. The police commissioner for the US city in western New York, Joseph Gramaglia, told reporters the 18-year-old suspect did "reconnaissance" on the predominantly black area surrounding Tops Friendly Market and drove there from his hometown of Conklin, more than 322 kilometers away. Wearing heavy body armor and wielding an AR-15 assault rifle, the shooter killed 10 people and wounded three others, almost all of them black, before threatening to turn the gun on himself. Police said officers talked the gunman down before arresting him. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content … [Read more...] about US in mourning, outraged after ‘racist’ mass shooting

Share to Twitter Share to Linkedin Neiman Marcus filed for C hapter 11 bankruptcy protection last week, and a lot of the blame was (rightly) put on the upscale retailer’s massive debt load though the Coronavirus was cited as the cause as well. But, another issue must be raised: Neiman Marcus long struggled to attract millennial and Gen Z consumers. Courting these two groups is key to any longstanding retailer’s existence. So how exactly did the Dallas-based retailer—more synonymous with lifestyle excess than today’s “woke” generation—fall short? Beth Goldstein, an industry analyst at the NPD Group, says Neiman Marcus isn’t alone. “Most department stores today have this challenge, especially at the high-end. Gen Z and Millennials are driven to specialty retailers and direct-to-consumer channels, both in-store and online,” she says, adding, “New brands born online offer great stories about function, sustainability, and convenience which captured their … [Read more...] about Neiman Marcus Needs To Court The Millennial And Gen Z Customer. Can It Succeed?