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REUTERS/Agustin Marcarian/Illustration/File PhotoNEW YORK, Aug 15 (Reuters) - Investors in Argentina's financial markets, where bonds and the peso slid on Monday after central bank moves following a surprise primary election result, said the vote had a silver lining: it would likely hasten long-called-for economic reforms. The result initially introduced uncertainty into asset pricing, with traders selling stocks and dollar bonds - but prices later stabilized and the local stock market closed over 3% higher. Investors said this would outweigh any worries about Milei, despite some of his heterodox pledges, including to axe the central bank and dollarize the economy. Milei faces a significant challenge still to turn the primary election win into a successful run to the presidency. The central bank also increased the benchmark interest rate to 118% from 97%.

Persons: Agustin Marcarian, Javier Milei, Patricia Bullrich, Milei, Kimberley Sperrfechter, Sergio Massa, Cristina Fernandez de Kirchner, Milei's, Walter Stoeppelwerth, Shamaila Khan, Rowe Price, Samy Muaddi, Rodrigo Campos, Adam Jourdan, Rosalba O'Brien Organizations: Argentine, REUTERS, Economics, Kimberley, Peronist, Investors, Gletir SA, Emerging Markets, Asia Pacific, UBS Asset Management, Jorgelina, Thomson Locations: Argentina, Argentine, MERV, Rosario

☆ One of the world's oldest spirits is making a comeback
▼ + stars: | 2023-06-27 | by ( Zoe Sottile | ) edition.cnn.com time to read: +9 min

The anise-flavored liquor is one of the oldest spirits in the world. He noted that it’s still common for Middle Eastern restaurants to stock European wines rather than traditional spirits like arak. He was experimenting to refine the production of al-kohl, a traditional form of eyeliner, according to Arak Muaddi, a Palestinian craft distillery. Nader Muaddi, the founder of Arak Muaddi, explained that producing arak starts with creating wine. The Middle East has “a very rich history of making wine and spirits, and it’s about time that we share it with the world,” Muaddi went on.

Persons: you’ve, –, Jason Bajalia, Jordan’s, ”, Terra, ” Bajalia, Bajalia, “, we’re, ’ ”, Jabir ibn Hayyan, kohl, Nader Muaddi, ” Muaddi, Muaddi, Lewin Muaddi, Arak “, May Matta, she’s, Matta, Arak Farid, Jess Abi Khalil, Frederick, Arak, it’s, “ I’ve Organizations: CNN, Terra, Terra Sancta, distillers, Lewin Historians, Jordan Locations: Arak, Terra Sancta, arak, Syria, Lebanon, Palestine, Palestinian, arak . Arak, The, American, Pennsylvania, of Israel, artisinal, France, Germany, Austria, Amman, “

☆ Palestinian-American authors bring their culture to the heart of children's books
▼ + stars: | 2023-05-21 | by ( Alaa Elassar | ) edition.cnn.com time to read: +15 min

Today, Moushabeck, 36, is part of a burgeoning movement of Palestinian-American authors publishing children’s books in English with Palestinians as the main characters. Letting Palestinian children be childrenDespite recent strides in the arts, Palestinian-Americans, along with other Arab-Americans, are still woefully underrepresented in books. Between 2018 to 2022, the Cooperative Children’s Book Center at the University of Wisconsin-Madison’s School of Education found that less than 1% of children’s and young adult books released by US publishers were about Arabs. The books also feature activities related to Palestinian culture, including a recipe for hummus and a tutorial for tatreez, traditional Palestinian embroidery. Bishara, whose own family was expelled from the Galilee in 1948, says it’s important to teach Palestinian children raised in diaspora about every aspect of Palestinian culture and history, including those that cause great pain.

Far from ignoring Lula's challenges to control the risks of this institutional shock, investors and analysts said however that the focus remains on fiscal issues when assessing the new government in the long term. If the new parameters are considered weak by the market, it could renew fears of fiscal dominance and prevent the BCB from easing." Discussions of the new fiscal framework are key under Lula's administration, after policymakers have highlighted inflationary risks arising from leftist President-elect's 168 billion reais ($32 billion) spending proposal to meet campaign promises. "The unsettled and deeply divided political environment and related high social tension keeps risk premia high and could undermine overall governability." (.JPMEGDBRAR)A mobilized opposition with the "potential to turn violent" is the main conclusion from Sunday's protests for the political risk advisory Eurasia Group.

☆ In the holy land, a Christmas spirit is reborn
▼ + stars: | 2022-12-18 | by ( Henriette Chacar | ) www.reuters.com time to read: +5 min

[1/5] Palestinian Nader Muaddi serves arak at his family distillery in Bethlehem, in the Israeli-occupied West Bank, December 11, 2022. "So, it's not only the spirit of Palestine, it's our Christmas spirit." Historically, families across the Levant produced their own wine and arak, which they would share with guests visiting during Christmas. Christians make up a small fraction of the Palestinian population in the West Bank, Gaza and East Jerusalem. Craft distilleries, wineries and breweries are cropping up across the West Bank.

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