- 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
Turkish journalists
TikTok time: Art Basel HK welcomes ‘art influencers’ to its upcoming edition
For several months now, a new type of content creator has been springing up on social networks: art influencers. If they have quickly become the darlings of museums, art fairs are still reluctant to call on these art world newcomers. Now, Art Basel plans to welcome them to its next edition in Hong Kong, but only on certain conditions. Since its inaugural edition in 2013, Art Basel Hong Kong has attracted different types of audiences, from art collectors to gallerists and dealers, artists, journalists and now influencers. The fair's organisers have recently decided to offer content creators the opportunity to get accredited, in order to take their followers behind the scenes of the event. However, they will have to follow several rules of good conduct, reports Artnet News. For example, there's no question of doing "lives" in the aisles of the fair, let alone photographing other visitors without their permission. Accredited influencers are also asked to ensure they credit the … [Read more...] about TikTok time: Art Basel HK welcomes ‘art influencers’ to its upcoming edition
Chobani Founder Hamdi Ulukaya: ‘Innovation Doesn’t Happen When You’re Comfortable’
Hamdi Ulukaya gave his first speech at the age of 20. The son of Turkish nomads was nervous, but he told the couple dozen people there with him in a small town near the Euphrates River that he was going to write about injustices and human rights violations. He'd publish a newspaper to confront political injustice. "I had no idea how to publish a newspaper," he says. "I did it anyway." It was that newspaper that got him in trouble with the government, he explains, causing him to flee Turkey, immigrate to the United States, found the yogurt company Chobani, and begin what would become a coalition of more than 200 companies that aim to find employment for and support refugees around the globe . On May 13, Ulukaya stood in front of a crowd of new graduates of Northeastern University at Fenway Park in Boston, and exhorted them to make a difference in the world as he has. Looking at their 20-year-old faces, he said, he saw himself at 20: "I can tell all of you have the same fire … [Read more...] about Chobani Founder Hamdi Ulukaya: ‘Innovation Doesn’t Happen When You’re Comfortable’
New Los Angeles Visitor’s Guide Offers Interactive Component
Share to Twitter Share to Linkedin With its endless array of events, activities and attractions, not to mention some of the most eclectic restaurants in the country, Los Angeles can present a challenge to curious travelers. “Where to begin?” is often the first question visitors ask themselves upon arrival in this sprawling Southern California city that serves as the center of the nation’s film and television industry. Thanks to Atlas Obscura and Los Angeles Tourism , visiting the city has been made a lot easier. The two have introduced a first-of-its-kind partnership, together creating fresh and innovative ways to discover Los Angeles through keepsake materials. The new spectrum of publications includes a special hardcover edition of The Explorer’s Guide to L.A. , an art-like Official Visitors Map, a Meeting Planners Guide and the bespoke L.A. Luxury Guide, offering a bookmark-worthy range of all that L.A. has to offer. The Explorer's Guide … [Read more...] about New Los Angeles Visitor’s Guide Offers Interactive Component
He’s Back! Phil Rosenthal Of ‘Somebody Feed Phil’ On His New Netflix Season, Starting May 25
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
Opinion: Putin’s useful allies are throwing a wrench in the works
David A. Andelman , a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of the French Legion of Honor, author of " A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen " and blogs at Andelman Unleashed. He formerly was a correspondent for The New York Times and CBS News in Europe and Asia. The views expressed in this commentary belong solely to the author. View more opinion at CNN. (CNN) Russian President Vladimir Putin has just enough allies in just enough places to throw a wrench in the efforts of Western alliances to thwart his ambitions -- deepening the wedge between member states that suits his purposes to a tee. Putin's closest ally in the European Union, Hungarian Prime Minister Viktor Orban, has threatened to veto proposed sanctions on Russian oil that the other 26 member states have approved. David Andelman Similarly in NATO, Turkish President Recep Tayyip Erdogan is not … [Read more...] about Opinion: Putin’s useful allies are throwing a wrench in the works
India, China on the same page over Russia, non-dollar oil trade
(File image: EAM S Jaishankar with China's Wang Yi) Chinese Foreign Minister Wang Yi’s outreach by offering to visit India was the strongest signal to thaw ties, as the two countries find themselves on the same page over resisting United States pressure on the Russian intervention in Ukraine and non-US Dollar oil trade. Europe, West Asia, and the Asia-Pacific are witnessing rapidly shifting alliances over what is perceived as unilateral US pressure to take sides in its geopolitical rivalries. Wang Yi is scheduled to visit India for two days on March 24-25 after attending the Organisation of Islamic Countries (OIC) foreign minister’s meeting in Islamabad. Cracks began appearing after External Affairs Minister S Jaishankar evidently pushed back against joining the US, Australia, and Japan in taking a hard line on Russia in the February 11 Quad ministers meeting. This was followed by India abstaining in votes in the United Nations (UN) on the Ukraine crisis. This inspired … [Read more...] about India, China on the same page over Russia, non-dollar oil trade