- 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
Top 100 most valuable stamps world
Electric Truck Wars Heat Up
Electric trucks in the pipeline are sending shares higher Tesla rival Nikola is building electric trucks with hydrogen fuel cells A lot of hype and promotion, but the market may not be large enough Nikola has to build a large hydrogen generation and fueling network Trucks are as American as Apple Pie or baseball. Ford launched the first factory-built pickup truck for farmers in 1925, and the company's F-Series has been America's best-selling vehicle for 38 straight years. We're hearing a lot about trucks lately, but these aren't your father's or grandfather's pickups. We're not even 100% certain they'll be yours. For one thing, most only exist as prototypes, digital images and specs at this point and not all may make it to market. Ford yesterday delayed its F-150 electric pickup truck launch to mid-2022. Yesterday Tesla's stock price tore past $1,000 after CEO Elon Musk told employees that it's time to "go all out" and bring the Tesla semi, unveiled in 2017, to volume … [Read more...] about Electric Truck Wars Heat Up
Bacteria-Killing Viruses Are Successful In Treating Antibiotic-Resistant Infections
Share to Twitter Share to Linkedin There’s exciting news in the world of phage therapy and antimicrobial resistance! Jerry Nick, MD, of National Jewish Health, and Graham Hatfull, PhD, University of Pittsburgh, announced a patient’s cure from a Mycobacterium abscessus lung infection with phage therapy. What are phages? They are viruses that infect bacteria and can lyse (or kill) them without the need for antibiotics. While their use goes back more than a hundred years , they fell out of favor with the discovery and growth of antibiotics—which are flashier and more profitable. As antibiotic resistance is a growing problem globally, interest in phage therapy has been renewed. More than 2.8 million antibiotic-resistant infections occur in the US alone each year, with 35,000 deaths. Antimicrobial resistance (AMR) is considered one of the top 10 global public health threats by the World Health Organization. The stagnant drug development pipeline compounds … [Read more...] about Bacteria-Killing Viruses Are Successful In Treating Antibiotic-Resistant Infections
Saudi Aramco’s Q1 profits jump 82 percent as oil prices surge
Haitham El-Tabei and Robbie Corey-Boulet (Agence France-Presse) (The Jakarta Post) PREMIUM Riyadh ● Tue, May 17 2022 Saudi Aramco posted an 82-percent jump in first quarter profits on Sunday, buoyed by a global surge in oil prices that has made it the world's most valuable company. The announcement continued a string of recent positive economic news for Saudi Arabia, where a booming oil sector is fueling the fastest growth rate in a decade. Aramco's net income of US$39.5 billion was up from $21.7 billion in the same period in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins", it said in a press release. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept Register … [Read more...] about Saudi Aramco’s Q1 profits jump 82 percent as oil prices surge
Here’s What’s New In Las Vegas For Summer 2021
Share to Twitter Share to Linkedin Summer is upon us and Las Vegas is back in full swing. Following a lift on the mask mandate, casinos returning to 100 percent capacity, and just about everything with the exception of some shows back to regular operations, Sin City is ready to welcome visitors. Whether you’re coming into town for a bachelor or bachelorette party, to try your luck at the tables, or to get some pent-up energy out of your system, this is the perfect place to do it. Most of your favorite spots are still around, but in a city where everything is constantly evolving or changing, there are also several new places to hit up if you’re visiting soon. Read on to discover some of the latest restaurants, bars, attractions, and hotels worth visiting this summer in Las Vegas. Restaurants Night + Market James Beard semifinalist Kris Yenbamroong has brought his popular Night + Market from Los Angeles to the new Virgin Hotels Las Vegas and it … [Read more...] about Here’s What’s New In Las Vegas For Summer 2021
30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work
Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work
Here’s What’s New In Las Vegas For Summer 2022
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
The Secret Ingredient to Finding Your Next Million-Dollar Innovation Idea
Companies inattentive to innovation get left behind--or worse, fail altogether. While those of us over 40 fondly remember starting our weekends with a trip to the video store, for example, the experience pales in comparison to conveniently streaming blockbuster entertainment from the comfort of your couch. While hailing a cab in New York City was fun the first time, there's nothing like the certainty of watching the map on your screen as a dedicated driver heads your way to pick you up. In other words, though one experience may have delighted us initially, a more innovative--and perhaps industry altering--option could be waiting in the wings vying for our business. Successful brands are those that out-innovate the competition. They never settle for the status quo, always seeking the next differentiator for their category. They survive in today's highly competitive landscape by continually evolving to deliver better products, better services, and--most importantly--better customer … [Read more...] about The Secret Ingredient to Finding Your Next Million-Dollar Innovation Idea
Stocks’ Decline Steepens on Bullard’s Rate Hike Comments, Inflation Data
Stocks fell further this afternoon as the Fed's James Bullard said he'd like to see rates a full percentage point higher by July. Bullard backs at least a half-point hike on the way to a full point gain before July, the Federal Reserve Bank of St. Louis president told Bloomberg News in an interview today. Bullard votes on monetary policy. Key Takeaways Stocks fell further this afternoon as the Fed's James Bullard said he'd like to see rates a full percentage point higher by July. Stocks had been pulling back from the morning's steep declines as strong corporate earnings from Walt Disney and Mattel partially offset stronger-than-expected inflation data. The Consumer Price Index report released today revealed an annual inflation rate of 7.5%, higher than expected and the largest increase in 40 years. Bond yields rose to their highest since July 2019. Today's Market Movers Stocks had pulled back from the morning's steep declines, with some indexes moving … [Read more...] about Stocks’ Decline Steepens on Bullard’s Rate Hike Comments, Inflation Data
Stock markets struggle as fears over economy grow
- A + A LONDON (May 16): European stocks slipped on Monday and Wall Street was set for a lower open, as investor sentiment struggled to recover from last week's sell off amid fears of a slowdown in economic growth. Global shares hit their lowest point in 18 months last week, with investors worried that rising interest rates to counter high inflation will damage the global economy. Unexpectedly weak economic data kept from China kept those worries in centre stage on Monday. April retail sales plunged 11.1% on the year, almost twice the fall forecast, as full or partial Covid-19 lockdowns were imposed in dozens of cities. Industrial output dropped 2.9% when analysts had looked for a slight increase. At 1104 GMT, the MSCI world equity index, which tracks shares in 50 countries, was up around 0.1% on the day, struggling to recover from last week's lows. Europe's STOXX 600 was down 0.2%, while London's FTSE 100 was down flat. US stock index futures pointed to a … [Read more...] about Stock markets struggle as fears over economy grow