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☆ National Gallery of Australia to return $1.5M statues, bought from disgraced art dealer Douglas Latchford, to Cambodia
▼ + stars: | 2023-08-04 | by ( Christy Choi | ) edition.cnn.com time to read: +4 min

CNN —Three bronze sculptures looted from Cambodia and later sold to the National Gallery of Australia for $1.5 million will be returned to the Southeast Asian kingdom, the museum announced Thursday. The gallery purchased the artifacts in 2011 from the late art dealer Douglas Latchford, who was subsequently accused by US investigators of trafficking stolen antiquities. He added that “about 20” other Cambodian items in the museum’s collection are still being reviewed. Kingdom of Cambodia/National Gallery of AustraliaThe three items from the National Gallery will join that collection in Phnom Penh once the new extension is complete. In 2021, it returned 17 works of art connected to disgraced art dealers Subhash Kapoor and William Wolff.

Persons: Douglas Latchford, ”, Chanborey, Cheunboran, Nick Mitzevich, Arts Susan Templeman, Karlee, of Australia Latchford, Latchford, Bradley Gordon, Latchford’s, Nawapan Kriangsak, —, Phoeurng Sackona, Subhash Kapoor, William Wolff Organizations: CNN, National Gallery of Australia, Arts, of Australia, Cambodia’s, Culture and Fine Arts, of Locations: Cambodia, Australia, New Zealand, Canberra, Karlee Holland, Khmer, New York, Angkor Wat, Thailand, Phnom Penh, Kingdom

☆ Australia Will Return Looted Sculptures to Cambodia
▼ + stars: | 2023-08-03 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

An ancient gilt bronze Buddhist sculpture that traveled a circuitous and legally questionable route from a rice paddy in southern Cambodia to the capital of Australia will soon be headed back to its homeland. Over about 15 years, it traveled from a rural area near the Vietnamese border to the hands of Douglas A.J. In 2011, he in turn sold it and two smaller accompanying statues to the National Gallery of Australia, where they have resided ever since. Now, after an extensive investigation into the work’s provenance, the gallery will return the sculptures in no more than three years to Cambodia, giving the government time to prepare an appropriate place for them in Phnom Penh, the capital. At a ceremony last week in Canberra, Australia’s capital, Susan Templeman, a special envoy for the arts, described the handover in terms of reparations.

Persons: ”, Douglas A.J, Susan Templeman Organizations: National Gallery of Australia Locations: Cambodia, Australia, Phnom Penh, Canberra

For many economists, globalization appears to have stalled after three decades of low inflation, easy credit, China's integration into the world economy and a relatively peaceful period. As a share of global GDP, trade likely increased from the previous year's 57% and exports as per World Bank data. It is not really evident in the data," Nicita says, estimating that global trade grew by about 3% last year, at a pace similar to the global economy. "Trade and globalization are not on the wane, but they are changing," she told the Chatham House Global Trade Policy Forum in November, citing growth in service- and digital-based trade. UNIPOLAR V MULTIPOLARThis 'regionalization' will continue assuming Beijing's economic, trade and financial ties to the U.S. gradually loosen.

☆ Futures edge up ahead of jobs data, recession fears loom
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

SummarySummary Companies Futures up: Dow 0.02%, S&P 0.13%, Nasdaq 0.24%Dec 8 (Reuters) - U.S. stock index futures edged up on Thursday ahead of weekly jobless claims data, while fears of an impending recession brought on by an aggressive Federal Reserve kept investors on edge. The U.S. central bank has raised its policy rate by 375 basis points this year to a 3.75%-4.00% range from near zero, the fastest rate hikes since the 1980s. This aggressive approach by the central bank has stoked worries of a recession, with top executives of major U.S. banks and institutions including JPMorgan, BlackRock and Citi forecasting a likely economic downturn in 2023. "The yield curve is hideously inverted, recession is coming, and stock markets usually bottom only after a recession has started," said Luke Templeman, thematic research analyst at Deutsche Bank. ET, Dow e-minis were up 6 points, or 0.02%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 28 points, or 0.24%.

☆ Deutsche Bank: Angajaţii care vor lucra de acasă după pandemie ar trebui să fie taxaţi pentru acest privilegiu
▼ + stars: | 2020-11-13 | by ( ) www.bizlaw.md time to read: +3 min

Angajaţii care vor continua să lucreze de acasă după pandemie ar trebui să fie taxaţi pentru acest privilegiu, iar fondurile obţinute să fie folosite pentru susţinerea lucrătorilor cu venituri mici, potrivit unui raport realizat de economiştii băncii Deutsche Bank, scrie news.ro. O propunere alternativă a raportului sugerează că taxa ar putea fi plătită de angajatorii care nu asigură angajaţilor un birou permanent. Banii ar putea fi folosiţi pentru finanţarea subvenţionării lucrătorilor cu venituri mici, care nu pot să lucreze de acasă. Noul coronavirus a crescut mult popularitatea muncii de la distanţă, care se afla în creştere rapidă şi înainte de pandemie, potrivit analistului Luke Templeman, al Deutsche Bank. Potrivit propunerilor Deutsche Bank, noua taxă ar putea susţine şi oamenii care şi-au pierdut locurile de muncă sau au fost nevoiţi să accepte slujbe plătite mai prost în timpul reconversiei profesionale.

Persons: Luke Templeman, Templeman Organizations: Deutsche Bank Locations: Statele Unite, Germania, Britanie, Noul

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