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☆ TRYing times: The slide and fall of the Turkish lira
▼ + stars: | 2023-06-07 | by ( Marc Jones | ) www.reuters.com time to read: +5 min

The central bank is however widely expected to get a new head in the coming days. Turkey's economy is no stranger to boom-and-bust cycles, oscillating between double-digit growth and contraction rates in recent years. 3/INFLATION PALPITATIONSA tumbling lira will fan fears over a fresh spike in inflation in the country which only last year saw it top 80%. "It's just so inevitable," Abrdn's head of local currency emerging market debt, Kieren Curtis, said referring to the lira's slump this week. He did add however that the compensation would be paid to depositors in lira rather than dollars or euros and that bill would be split between the Treasury and Central Bank.

Persons: Goldman Sachs, Ulrich Leuchtmann, Hasnain Malik, Erdogan, Tellimer's Malik, Kieren Curtis, Frank Gill, Tayyip Erdogan's, Karin Strohecker, David Evans Organizations: Wall, JPMorgan, FX, Reuters Graphics Reuters, International Monetary Fund, P Global, Treasury, Central Bank, Reuters, Thomson Locations: Ankara, Turkey, Commerzbank, Frankfurt, Tellimer

☆ Video and Photos Show a Tiny, Critically Endangered Porpoise Still Hanging On
▼ + stars: | 2023-06-07 | by ( Catrin Einhorn | ) www.nytimes.com time to read: +1 min

The world’s most endangered marine mammal, a small porpoise called the vaquita, is hanging onto existence and appears to be benefiting from new conservation measures, according to the results of a new scientific survey of the species that was made public on Wednesday. An international team of scientists estimated that at least 10 vaquitas remain in the Gulf of California, the waters that separate Baja California from the Mexican mainland. The porpoises are found nowhere else and have been driven to the brink of extinction by drowning in gill nets, a type of fishing gear that drifts like a huge mesh curtain, catching fish by their gills. Dolphins, sea turtles and vaquitas get stuck, too, dying when they can’t surface to breathe. “Today, we have good news, hopeful news,” María Luisa Albores González, Mexico’s secretary of environment and natural resources, said at a news conference announcing the survey results.

Persons: ” María Luisa Albores González Locations: Gulf of California, Baja California, Mexican

☆ World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook
▼ + stars: | 2023-06-06 | by ( David Lawder | ) www.reuters.com time to read: +3 min

Real global GDP is set to climb 2.1% this year, the World Bank said in its latest Global Economic Prospects report. The development lender cut its 2024 global growth forecast to 2.4% from 2.7% in January, citing the lagged effects of central bank monetary tightening and more restrictive credit conditions that were reducing business and residential investment. These factors will slow growth further in the second half of 2023 and into 2024, but the bank released a new 2025 global growth forecast of 3.0%. The bank, however, halved its previous 2024 U.S. growth forecast to 0.8%, and cut China's forecast by 0.4 percentage point to 4.6%. This would likely cut 2024 growth by nearly half to just 1.3% - the slowest pace in 30 years outside of the 2009 and 2020 recessions.

Persons: Indermit Gill, Gill, David Lawder, Edwina Gibbs, Andrea Ricci Organizations: Bank, Real, World Bank, Thomson Locations: U.S, China, COVID, .

Higher rates and overhangs from this year's banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday. U.S. GDP growth is expected to decelerate in 2024 to 0.8% as high interest rates further weigh on growth. The bank estimates overall global growth will decelerate to 2.1% in 2023, down from 3.1% in 2022. However, World Bank chief economist Indermit Gill said excluding China, growth in developing economies would be less than 3%. This marks "one of the weakest growth rates in the last five decades," Gill told reporters Tuesday.

Persons: Indermit Gill, Gill Organizations: World Bank Locations: Japan, U.S, China

☆ This couple are riding around the world with three rescue dogs
▼ + stars: | 2023-06-05 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +14 min

But other than a “couple of cruises,” Janell and Stu Clarke, both from Australia, had barely traveled beyond their home country nearly a decade later. I was waiting until my obligation with the navy had ended.”Ultimate road tripAustralian couple Janell and Stu Clarke are riding around the world on motorcycles with three rescue dogs. The couple purchased two motorbikes, Janell went for a 2006 BMW F650GS, while Stu opted for a 2012 G650GS, while in Texas. “We were surrounded by people who were trying their best to help us and care for Skyla,” says Janell. Now, after setting off from Australia with one dog, Janell and Stu are preparing to finish their trip almost 10 years later with three entirely different dogs.

Persons: CNN —, Janell, Stu Clarke, Stu, ”, “, it’s, Skyla, ’, ‘, ’ ” Janell, they’d, Mary, ” Janell, We’ve, they’ve, That’s, we’ve Organizations: CNN, Australian, BMW, “, Southampton, Azra Locations: Australia, Skyla, Dallas , Texas, Texas, Belize, Mexico, Janell, Central America, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, South America, Venezuela, Colombia, Bogota, Colombian, Ecuador, Turkey, Europe, Morocco, West Africa, South Africa, “ Africa, Egypt, Portugal, Eastern Europe, ”, South East Asia, “

☆ This man is walking the UK coastline with his partner and baby
▼ + stars: | 2023-06-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

“We’re a tight knit little group.”Life-changing journeyChris Lewis met his partner, Kate Barron, while walking the UK coastline. Courtesy Chris Lewis and Kate Barron“So this lady just kind of wanders down all bubbly and chirpy,” he recalls. I never went home.”The couple, along with Jet, continued on, walking down the east coast of Scotland together, and then into England. According to Barron, Lewis tends to walk ahead on these occasions. Unsurprisingly, walking and camping with a baby has been a totally different experience for both of them.

Persons: CNN —, Christian Lewis, ”, Lewis, Caitlin, he’d, Kate Barron, Jet, Magnus, “ We’re, ” Lewis, Chris Lewis, Barron, Chris, “, ” Barron, Cliff, Kate Barron “, ‘ I’ve, ’, Kate, Lewis ’, ” They’ve, Jet’s, She’ll, they’ve, we’re, “ Magnus, who’ve, she’s, That’s, ” He’s, ” “ I’d, “ Kate, We’re, “ I’ve, I’m Organizations: CNN, CNN Travel, Jet, ”, British Army’s Parachute Regiment Locations: Wales, Llangennith, Swansea, Northern Ireland, Scotland, Scottish, Shetland, Covid, North, St Abbs, Afghanistan, London, Inverness, England, Yorkshire, Dorset, Gower, North Devon, Ssafa

☆ Little Spain Is All but Gone. Will Our Lady of Guadalupe Be Next?
▼ + stars: | 2023-06-02 | by ( John Freeman Gill | ) www.nytimes.com time to read: +1 min

The Church of Our Lady of Guadalupe, a Catholic house of worship on West 14th Street, is a grandly inventive architectural oddity and the mother of all Hispanic storefront churches in New York City. Manhattan’s first church created for a Spanish-speaking congregation, it was cobbled together out of two adjacent rowhouses in 1902 and 1917. But the seminal Spanish-language church was deconsecrated by the Archdiocese of New York in January, paving the way for its potential sale, alteration or demolition. On May 23, the city Landmarks Preservation Commission designated as a landmark the former Colored School No. 4 on West 17th Street in Chelsea, the last-known “colored” schoolhouse remaining in Manhattan from the city’s segregated 19th-century school system.

Persons: Guadalupe, Andrew Berman, Sarah Carroll Organizations: Our, Archdiocese, Village, Greenwich, Landmarks Preservation Commission, Colored, West Locations: New York City, Manhattan’s, rioja, New York, Chelsea, Manhattan

☆ From 1880s Brooklyn, the Weir Greenhouse Returns
▼ + stars: | 2023-05-19 | by ( John Freeman Gill | ) www.nytimes.com time to read: +1 min

By 2011, vandals and a century-plus of weather had rendered the fragile greenhouse a virtual ruin. Many of its badly rotting ground-floor window frames had been kicked in by marauding thieves. Leaking and missing window panes abounded, with repair estimates topping $1 million. Although the hothouse was a city landmark, it was at risk of presiding over its own funeral. But in 2012, Green-Wood Cemetery swooped in to rescue it, buying the decaying treasure for $1.63 million from McGovern Florists, a flower-selling family with deep Brooklyn roots that had owned the place for 41 years.

☆ Not enough resources for EVs to be only cleaner car option, Toyota says
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

Some investors and environmental groups have long criticised Toyota (7203.T) for being slow to embrace BEVs, saying it has lagged Tesla Inc (TSLA.O) and others amid growing global demand. Gill Pratt, chief executive of the Toyota Research Institute, told reporters that BEVs could make a positive difference in reducing climate change in countries such as Norway, which has a lot of renewable infrastructure. But in other parts of the world, where coal is still used to produce power, hybrids were better for CO2 emissions, he added. "But it's going to take decades for battery material mines, renewable power generation, transmission lines and seasonal energy-storage facilities to scale up." BEVs are "one very important option" for achieving carbon neutrality and hydrogen is as well, Toyoda, who currently is chairman of Toyota, told reporters earlier on Thursday.

☆ Why a travel coach is a must-have for some travelers
▼ + stars: | 2023-05-17 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

Professional guidanceSahara Rose De Vore, founder of the Travel Coach Network, pictured, second from right, with members during an event in Atlanta. Courtesy Sahara Rose De Vore/The Travel Coach Network“It was something new,” explains Ubogagu. Sahara Rose De Vore, founder of The Travel Coach Network, a database of certified travel coaches, defines a travel coach as a “travel expert who helps people bring awareness to why they want to travel and what type of experience they need in order to obtain the transformation, feelings, or outcomes that their urge to travel is calling for.”The types of services provided tend to vary depending on each coach’s “personal interest, background, and passion for travel,” adds De Vore. Certified travel coach and organizational psychologist, Sonia Cruz Oro, founder of travel and personal development service Travel Awakens, has been coaching travelers since 2021. Increasing interestWellness travel coach Dr. Noreen Nguru prescribes travel to her clients.

☆ Grocery store employee sues Rudy Giuliani for $2 million, saying the ex-mayor lied to cops to put him in jail
▼ + stars: | 2023-05-17 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

"Plaintiff took a break from his work, walked up to Defendant Giuliani, patted or tapped him on the back, said 'what's up scumbag,' and walked away." Giuliani told police officers who arrived at the store that he wanted Gill to be arrested. He told police officers that Gill "hit" him and that he was in pain, according to the lawsuit. A security camera video shows that Gill patted Giuliani on the back. This is the second lawsuit filed against Giuliani this week.

☆ CNBC Pro Talks: A top fund manager proves you can generate big returns while investing ethically
▼ + stars: | 2023-05-16 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Join CNBC's Tanvir Gill as she discusses ethical investing with top-performing fund manager Philip Ripman. Ripman's fund, Storebrand Global Solutions, avoids companies that make over 5% of their revenues from fossil fuels, tobacco, alcohol, war and other vice-related activities. Ripman is based in Oslo, Norway and has been the fund manager of Storebrand Global Solutions since 2015. Join CNBC's Tanvir Gill as she discusses ethical investing with top-performing fund manager Philip Ripman. Ripman is based in Oslo, Norway and has been the fund manager of Storebrand Global Solutions since 2015.

☆ Why You Should Forget What You Think You Know About Housing in L.A.
▼ + stars: | 2023-05-05 | by ( Julie Lasky | ) www.nytimes.com time to read: +1 min

In “Common Ground,” Ms. Anderton, 60, makes the point that while Los Angeles may seem like a sprawling breeding ground of American dream houses set in gardens, it has an equally compelling history of shared real estate that continues to this day. Perpetual sunshine has allowed the city’s multifamily housing to be opened to courtyards and parks and festooned with exterior staircases and balconies, breaking the stolid blocks of traditional apartment houses and fostering social connections. As contemporary architects and developers work to relieve Los Angeles of its vicious housing scarcity — almost 42,000 people in the city are currently unhoused — “Common Ground” shows examples of affordable multifamily buildings that look like anything but. Real estate development is never a walk in the park, but because some relief from the city’s draconian restrictions is granted to creators of affordable housing, this area has attracted design innovators working with progressive developers who are committed to righting decades of inequities created by exclusionary housing policies. For this reason, many of the projects that “Common Ground” highlights make the most out of the least: those with oddly shaped lots, peripheral locations and components produced in factories.

☆ Astronomers spot a sneak peek of Earth's death — a star swallowing a planet whole — for the first time
▼ + stars: | 2023-05-03 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +7 min

Astronomers discovered a distant star swallowing a planet for the first time ever. Swallowing the planet whole produced a burst of energy that expelled the star's outer layers, causing it to expand and brighten rapidly. Except for a veneer of dust, the star pretty much looked the same as it had before, one year after devouring its planet. The distant planet that just got absorbed by its star was about the size of Jupiter, which is more than 1,300 Earths. (It later turned out, this pre-eruption dust was material from the planet skimming the atmosphere of the star as it orbited closer and closer.)

☆ World Bank set to launch more robust, transparent business climate rankings
▼ + stars: | 2023-05-01 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

WASHINGTON, May 1 (Reuters) - The World Bank will announce on Monday a new methodology for assessing the business climate in up to 180 countries after embarrassing revelations of data irregularities and favoritism toward China forced it to cancel the "Doing Business" rankings two years ago. "Business Ready improves upon and replaces the World Bank Group’s earlier Doing Business project. It reflects a more balanced and transparent approach toward evaluating a country’s business and investment climate," the bank said in a statement. "The main thing that went wrong was the data integrity of Doing Business was compromised," Norman Loayza, director of the World Bank's Indicators Group, which leads the project, told Reuters. But World Bank officials were still debating whether to revive the business climate rankings that were at the heart of the "Doing Business" controversy or produce an overall index, Loayza said, with a decision expected prior to the first report.

☆ A U.S. tech downturn offers India 'a bigger opportunity,' says Infosys founder
▼ + stars: | 2023-04-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Infosys founder Narayana Murthy sees tech layoffs in the U.S. as an opportunity for India. "I look at these things [such as tech layoffs] as part of a business cycle. So I would not be that much worried," Murthy told The CNBC Conversation. "Whenever there is a downturn in the U.S. or in the developed world, there is a bigger opportunity for countries like India, particularly in my sector, which provide better value for money," Murthy told CNBC's Tanvir Gill. "In a downturn, the market shrinks a little bit and our charter is very clear.

☆ Recasting the upcoming GameStop movie: Here's who should play Ken Griffin, Steve Cohen, and the rest of the gang
▼ + stars: | 2023-04-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Wall Street is getting the Hollywood treatment again. - Paul Giamatti as AMC's Adam Aron (This guy knows his way around Wall Street.) For more on the upcoming GameStop movie, including who is set to play the "pot-smoking retail trader," click here. Here's why the rest of Wall Street might be motivated to help First Republic. Meet the new generation of the ultra-rich on Wall Street.

☆ Insurer Humana lifts profit view as medical costs drop in govt plans
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

April 26 (Reuters) - Humana Inc (HUM.N) raised its annual adjusted profit forecast on Wednesday after lower medical costs in the firm's government-backed health insurance business helped it beat profit estimates for the first quarter. That has driven increased investor scrutiny into whether one-time items are helping lower medical costs artificially, hurting shares of rivals UnitedHealth (UNH.N) and Elevance (ELV.N) earlier this month despite both beating profit estimates. Medicare Advantage is its main business of government-backed health insurance for the elderly or those with certain disabilities. The impact of its exit from the commercial business was not included in adjusted figures for the quarter, Humana said. Its adjusted profit came in at $9.38 per share, beating estimates of $9.27.

☆ World Bank Chief Economist Gill calls for new approaches to address 'debt crisis'
▼ + stars: | 2023-04-25 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

WASHINGTON, April 25 (Reuters) - World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor domestic borrowing into assessment of a country's debt sustainability. Only Chad has reached a debt relief deal with creditors - and it does not include an actual reduction in debt. "Debt levels are already starting to hurt prospects, getting them into the wrong kind of spiral," he said ahead of a World Bank seminar on debt on Wednesday. The Common Framework should be replaced, he said, in the strongest terms used by a World Bank official. He said a new sovereign debt roundtable set up to address challenges in the debt relief process brought in debtor nations and private sector players, but achieved only modest results.

☆ A digital nomad discovers the downside of remote work: no locals want to hang out with her
▼ + stars: | 2023-04-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

The digital nomad community has grown in tandem with the rise of remote work. Tayler GillThe Digital Nomad Village was established in February 2021 by the Regional Government of Madeira through Startup Madeira. "By the time we got there, the Digital Nomad Village was already pretty established," Gill told Insider. "Their whole thing was to build a community and foster that community for digital nomads coming in." It's easy for the village's digital nomads to socialize with each otherPonta do Sol's Digital Nomad Village isn't just a perch in the sun for folks with laptops.

☆ Len Goodman, former ‘Dancing With the Stars’ judge, dead at 78
▼ + stars: | 2023-04-24 | by ( Toyin Owoseje | ) edition.cnn.com time to read: +2 min

CNN —Former “Dancing With the Stars” judge Len Goodman has died at age 78. Len Goodman on the "Dancing With the Stars" judging panel, alongside Carrie Ann Inaba and Bruno Tonioli Adam Taylor/Disney General Entertainment Content/Getty ImagesGoodman was born in London in 1944. According to his website, he started dancing at age 19 and was a professional dancer before venturing into TV. Goodman served as head judge on BBC dance series “Strictly Come Dancing” – the British version of DWTS – from its inception in 2004, and made his final appearance on the 2016 Christmas Day special. He also wrote several books, including his 2009 autobiography “Better Late Than Never: From Barrow Boy to Ballroom,” “Dancing Around Britain” and “Lost London.”

☆ Len Goodman, Judge of ‘Dancing With the Stars,’ Dies at 78
▼ + stars: | 2023-04-24 | by ( Jenny Gross | ) www.nytimes.com time to read: 1 min

LONDON — Len Goodman, a former British exhibition dance champion who was a longtime judge on the BBC reality show “Strictly Come Dancing,” as well as its American spinoff, “Dancing With the Stars,” died on Saturday in a hospice in Kent, England. The cause was bone cancer, his agent, Jackie Gill, said on Monday. Mr. Goodman, who had been working until up to a few weeks ago, was with his wife, Sue Barrett, and his son, James, when he died, Ms. Gill added. Mr. Goodman was the head judge on the BBC show “Strictly Come Dancing” for over a decade until 2016. From 2005 until last year, he also judged the U.S. version, ABC’s “Dancing With the Stars,” where he was known for addressing contestants with wry humor, charm and colorful phrases, as well as a distinctive delivery that included the way he would announce the score of “se-VEN!”

☆ First metro train travels under Sydney Harbour
▼ + stars: | 2023-04-21 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +3 min

CNN —A metro train has traveled under Sydney Harbour for the first time ever in what’s being described as “a historic first step” for the Australian city. It came over 91 years after the first steam train crossed over the Sydney Harbour Bridge back in January 1932. Courtesy NSW GovernmentThe $20.5 billion AUD (around $13.7 billion) Metro City and Southwest Line, an extension of Sydney’s Metro Northwest line, will eventually extend all the way to the suburb of Sydenham in the inner west of the city. Meanwhile, plans are also in place for a $27 billion AUD (around $18 billion) Metro West line underneath Hunter Street in the Sydney central business district. The city will have a network of four lines, 46 stations and 113 kilometers of new metro rail by 2030.

☆ ChatGPT is not going to replace anybody: N.R. Narayana Murthy
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChatGPT is not going to replace anybody: N.R. Narayana MurthyInfosys founder N.R. Narayana Murthy explains to CNBC's Tanvir Gill why he is not worried about ChatGPT and AI.

☆ How N.R. Narayana Murthy founded Infosys
▼ + stars: | 2023-04-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow N.R. Narayana Murthy founded InfosysHe's been called the "father of India's IT sector." Narayana Murthy talks to CNBC's Tanvir Gill about the early days when he founded the IT giant, Infosys.

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