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☆ U.S.-China relations are going downhill with ‘no trust’ on either side, Stephen Roach says
▼ + stars: | 2023-03-28 | by ( Sumathi Bala | ) www.cnbc.com time to read: +5 min

US President Joe Biden and China's President Xi Jinping (L) shake hands as they meet on the sidelines of the G20 Summit in Nusa Dua on the Indonesian resort island of Bali on November 14, 2022. "Right now, there is no trust," he told "Squawk Box Asia" on Tuesday, who is currently attending the China Development Forum in Beijing. watch now"The balloon was a spark that really put us on a swift downhill descent," Roach added. The office did not provide details of her itinerary while in the U.S. On Taiwan, China has repeatedly said the issue is an internal affair. Every single Taiwan president in recent memory has done this," White House National Security Council spokesman John Kirby, said at a press briefing last week.

☆ Indonesia's Pertamina says two crew killed after fire on tanker
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] Pertamina tanker, MT Kristin, carrying fuel, catches fire on the coast of Mataram, West Nusa Tenggara province, Indonesia, March 26, 2023, in this photo taken by Antara Foto. Antara Foto/Ahmad Subaidi/via REUTERSJAKARTA, March 27 (Reuters) - Two crew members have died and one is missing after a fire broke out on an oil tanker carrying fuel to terminals on the Indonesian islands of Bali and Lombok, the state energy company Pertamina said in a statement late on Sunday. The chartered vessel, MT Kristin, had 17 crew on board and was carrying 5,900 kilolitres of fuel when the fire started at 2:50 p.m. local time (0650 GMT) on Sunday. Pertamina said so far no oil spills had been detected after the fire, though a 300 metre (984.25 ft) oil boom had been set up around the ship. Reporting by Ananda Teresia, Bernadette Christina Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper systemic stress. Treasury's sale of $43 billion five-year notes on Tuesday and $35 billion of seven-year notes on Wednesday will be worth monitoring. There are no central bank policy decisions on Tuesday, but investors can expect a slew of headlines from central bank officials around the world to hit their screens. In Asia, Bank of Japan governor Haruhiko Kuroda gives a speech, and finance ministers and central bank governors of the ASEAN nations attend a three-day summit in Bali. European Central Bank and Bank of England chiefs Christine Lagarde and Andrew Bailey head a raft of European policymaker events.

☆ U-20 World Cup draw in Bali postponed amid protest against Israel participation
▼ + stars: | 2023-03-26 | by ( Rohith Nair | ) www.reuters.com time to read: +3 min

March 26 (Reuters) - The draw for the Under-20 FIFA World Cup that was scheduled to take place in Indonesia next week will be postponed, a source told Reuters after Bali's governor refused to host Israel's team. The Indonesian Football Association (PSSI) said the draw that was to be held on Friday had been cancelled. "Previously, Bali governor Wayan Koster rejected the presence of the Israeli national team in the FIFA U-20 World Cup event... This can be a reason for FIFA to cancel the U-20 World Cup draw," the PSSI said in a statement. "The chairman will also report to Mr President at the first opportunity to find a solution to all this, both diplomacy and foreign policy... to save Indonesian football that we love," Sinulingga added.

"This is not a good moment for American diplomacy," said William Kirby, a professor of Chinese studies at Harvard University. A source familiar with that conversation called it the most antagonistic U.S.-China engagement since contentious talks in Alaska early in the Biden administration. Name me one," Biden said in his speech, evidently referring to a host of domestic and foreign policy challenges facing China. However, Biden is likely to find Xi emboldened in any call after a Chinese-brokered rapprochement between Saudi Arabia and Iran and his meetings with Putin. Reporting by David Brunnstrom and Michael Martina Editing by Don Durfee and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Small Moscow’ Emerges in Bali, Stirring Backlash
▼ + stars: | 2023-03-22 | by ( Jon Emont | ) www.wsj.com time to read: 1 min

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☆ Spain's PM Sanchez to go on state visit to China
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

MADRID, March 23 (Reuters) - Spanish Prime Minister Pedro Sanchez will visit China next week following a formal invitation by President Xi Jinping, as the Asian country seeks to position itself as a mediator in the ongoing war in Ukraine. The weight that Spain and Pedro Sanchez have in the world is unquestionable," Bolaños said, adding that "China has a key role to play in mediating the war". Bolaños said the visit would also be important from a trade and economic perspective, as Sanchez plans to meet with the Asia Pacific Forum and Spanish businesses operating in China. Xi has just concluded a three-day trip to Moscow, where he described China's position on the conflict as "impartial". The latest bilateral talks between the two leaders took place in November 2022 during the G-20 summit in Bali, Indonesia.

☆ Biden administration holds second round of IPEF talks in Bali
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, March 19 (Reuters) - The Biden administration said on Sunday that it has held a second round of negotiations for its signature Asia engagement project on topics including labor, environment, digital trade and technical assistance. The Office of the U.S. Trade Representative and the Commerce Department said in a joint release that the latest negotiations took place March 13-19 in Bali. Ahead of the negotiations, U.S. officials shared "Pillar I" negotiating text on labor, environmental, digital trade and technical assistance. The U.S. release said IPEF partners discussed the text and held follow-up talks about other topics raised in earlier meetings in Brisbane and New Delhi. "USTR and Commerce will release additional details about the next in-person negotiating round at a later date," the release said.

☆ World should move on from Ukraine war, focus on poverty - India's G20 negotiator
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, March 15 (Reuters) - Russia's war in Ukraine has brought the world to a standstill when urgent action is needed to address growing global poverty, India's G20 summit negotiator Amitabh Kant said on Wednesday. Kant's comments follow two back-to-back G20 ministerial meetings in India in the last three weeks overshadowed by the war, which entered its second year last month. "Europe cannot bring growth, poverty, global debt, all developmental issues to a standstill across the world," Kant told reporters. "Nutrition has been impacted, health outcomes have been impacted, learning outcomes have been impacted, people have become stunted and wasted and we are just concerned with one Russia and Ukraine war," Kant said. Putin has not travelled beyond the former Soviet Union since sending his armed forces into Ukraine in February last year, and missed November's G20 summit in Bali, Indonesia.

[1/3] U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. REUTERS/Kevin LamarqueSAN DIEGO, March 13 (Reuters) - U.S. President Joe Biden said on Monday after unveiling details of a major submarine deal with Britain and Australia aimed at countering China that he expected to speak to Chinese leader Xi Jinping soon, but declined to say when. Asked at a meeting with British Prime Minister Rishi Sunak in San Diego if he was worried that China would see the AUKUS submarine deal as aggression, Biden replied "no." Asked if he would speak to Xi soon, Biden said "yes," but to another question as to whether he would tell journalists when they would talk, he replied "no." "Competition requires dialogue and diplomacy," Sullivan told a small group of reporters last week in reference to China while discussing AUKUS.

☆ Indonesia's Bali wants to tighten visa requirements for Russian tourists
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

[1/3] Tourists enjoy the sunset at Canggu beach amidst the coronavirus disease (COVID-19) pandemic in Bali, Indonesia, December 2, 2021. REUTERS/Johannes P. ChristoJAKARTA, March 13 (Reuters) - Authorities in Indonesia's popular holiday island of Bali have asked the central immigration agency to cancel a visa-on-arrival policy for Russian and Ukrainian nationals after tourists were found working illegally. Russian nationals are among the biggest groups of foreign arrivals in Indonesia, according to official tourism data. At least four Russian citizens were deported this month for visa violations and immigration authorities have repeatedly warned foreigners in Bali against working on tourist visas. About 8,800 Ukrainian visitors arrived between September 2022 and January 2023.

☆ They moved abroad hoping to save money — here’s what they found out
▼ + stars: | 2023-03-09 | by ( Chris Dwyer | ) www.cnbc.com time to read: +5 min

She is able to save money because she has embraced a style of travel that minimizes spending while on the road, she said. Her advice for people who want to move abroad and save money? "Is it possible to save money compared to the U.S.? Martin Penner said you can "absolutely" save money while traveling full time, but he cautions that short-term rental prices have increased. Elledge-Penner advises those who want to save money to avoid Europe in the summertime.

☆ It's more expensive to travel in Southeast Asia, especially in these four places
▼ + stars: | 2023-03-06 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's more expensive to travel in Southeast Asia, especially in these four placesThe reopening of China's borders caused a steep rise in hotel prices in Southeast Asia, most notably in Bali, Bangkok, Phuket and Singapore, reports CNBC's Monica Pitrelli.

☆ Travel demand fuels a boom in Asia Pacific — in hotel rates
▼ + stars: | 2023-03-05 | by ( Monica Pitrelli | Chris Dwyer | ) www.cnbc.com time to read: +5 min

Hotel rates are at an "all-time high," Alan Watts, Hilton's Asia-Pacific president, told "Squawk Box Asia" on Thursday. In parts of Asia Pacific, hotel rates are climbing even higher. Rates in Asia are skyrocketingThe travel boom in Asia Pacific has been "phenomenal," said Watts. Average hotel rates across Southeast Asia have gone up more than 10% since 2022, according to data from the travel booking company Traveloka. Ctrip, the leading travel booking website in China, also told CNBC that average hotel booking prices in Bangkok jumped by around 70% in late January.

[1/6] A man arranges the flags kept outside the venue for G20 foreign ministers’ meeting in New Delhi, India, March 2, 2023. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" but did not hold negotiations or a meeting, Russian news agencies reported. News of the exchange came at the end of the day-long G20 meeting which, as expected, was overshadowed by the Ukraine war. "Unfortunately, this meeting has again been marred by Russia’s unprovoked and unjustified war against Ukraine," Blinken said. French Foreign Minister Catherine Colonna said the war in Ukraine had hurt "almost every country on the planet, in terms of food, energy, inflation".

☆ Blinken says G20 meeting in India marred by Russia-Ukraine war
▼ + stars: | 2023-03-02 | by ( Simon Lewis | ) www.reuters.com time to read: +2 min

This year’s host India has declined to blame Russia for the war, seeking a diplomatic solution and sharply boosting its purchases of Russian oil. The G20 should repeat calls – agreed upon by most G20 nations’ leaders in Bali in November - for Russia to end the war and withdraw for the sake of international peace and economic stability, Blinken said. Blinken said Russia has yet to agree to renew the Black Sea Grain Initiative, which facilitates the export of Ukraine's agricultural products, before it expires on March 18. "It is imperative the G20 speak up on behalf of extending and expanding the (Black Sea) grain initiative to strengthen food security for the most vulnerable," Blinken added. Reporting by Simon Lewis and Sudipto Ganguly; Editing by Krishna N. Das and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

☆ Being a digital nomad isn't just for singles. Here's how families make it work
▼ + stars: | 2023-03-01 | by ( Chris Dwyer | ) www.cnbc.com time to read: +6 min

To many, the lifestyle of a "digital nomad" is an aspirational one — you can live anywhere in the world, visa permitting, with your laptop as your office. But one factor deters many from the lifestyle: kids. He added that now more resources exist to help people learn about the digital nomad lifestyle, thanks to its growing popularity. Elledge-Penner family: 20 countriesThe beautiful Indonesian island of Bali, famed for its laidback lifestyle, is a popular destination for digital nomads. Penner said the key to making the lifestyle work for them is "connecting with people" and not approaching places "as a travel highlight hit list."

[1/3] FILE PHOTO-Russian Foreign Minister Sergei Lavrov speaks during a meeting with heads of foreign media outlets in Moscow, Russia, February 15, 2023. Last July, Russian Foreign Minister Sergei Lavrov walked out of a G20 foreign ministers’ meeting, also in Bali, after the West strongly denounced the war. The G20 bloc includes the wealthy G7 democracies, as well as Russia, China, India, Australia, Brazil and Saudi Arabia among other countries. The foreign ministers' meeting will also be watched for how tensions between Washington and Beijing play out, including over the Ukraine war. "It is unlikely that G20 foreign ministers can agree on common language suggesting ways and mechanisms to deal with the situation in Ukraine," he said.

☆ I asked ChatGPT to help me plan a vacation. Here’s what happened next
▼ + stars: | 2023-02-27 | by ( Monica Pitrelli | Chris Dwyer | ) www.cnbc.com time to read: +8 min

So the idea that artificial intelligence chatbots, such as ChatGPT and Bing, can research travel destinations and create itineraries is intriguing. I went to the developer's website, clicked on the word "ChatGPT," registered for an account — and started chatting. "All of the places I recommended have great online reviews," ChatGPT replied, providing ratings from Tripadvisor, Booking.com and Google for each hotel. But ChatGPT couldn't show photographs of the hotels or help book them — although it did provide ample instructions on how to do both. Every city I asked ChatGPT about resulted in the bot praising the local food scene.

☆ G20 chair India says most members condemn Ukraine war
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Feb 25 (Reuters) - G20 chair India on Saturday said most members of the bloc "strongly condemned" the war in Ukraine and reiterated their positions demanding Russia's withdrawal from Ukraine. In a statement at the end of financial leaders' meet near Bengaluru, India said the statement condemning Russia's war was endorsed by all members except Russia and China. "The peaceful resolution of conflicts, efforts to address crises, as well as diplomacy and dialogue, are vital. Today’s era must not be of war," the statement said. Reporting by Shivam Patel in New Delhi; Editing by Krishna N. DasOur Standards: The Thomson Reuters Trust Principles.

BENGALURU, Feb 25 (Reuters) - G20 finance chiefs have been unable to reach a consensus on describing the war in Ukraine and are likely to end a meeting in India on Saturday without a joint communique, delegates said. Russia, which is a member of the G20, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war. Host India is also pressing the meeting to avoid using the word "war" in any communique, G20 officials have told Reuters. "We need absolute clarity, this is a war initiated by (Russian President Vladimir) Putin," he said. A senior G20 source said negotiations over the communique were difficult, with Russia and China blocking proposals made by Western countries.

☆ Yellen says 'absolutely necessary' for G20 to condemn war in Ukraine
▼ + stars: | 2023-02-25 | by ( David Lawder | ) www.reuters.com time to read: +2 min

BENGALURU, Feb 25 (Reuters) - U.S. Treasury Secretary Janet Yellen told Reuters that a strong statement condemning Russia's war in Ukraine was "absolutely necessary" for a communique from the G20 finance leaders' meeting in India concluding on Saturday. Asked whether there would be no communique from the G20 finance ministers and central bank governors meeting without such a statement, Yellen said negotiations were continuing. We've had it in the past, in Bali and it's something that I think is absolutely necessary," Yellen said. G20 chair India is pressing the meeting to avoid using the word "war" in any communique, G20 officials have told Reuters. In Bali, the G20 leaders issued a statement that read: "Most members strongly condemned the war in Ukraine," signaling that Russia, a member of G20, had opposed the wording.

☆ Most G20 nations condemn Russia for war, China stays silent
▼ + stars: | 2023-02-25 | by ( ) www.cnbc.com time to read: +2 min

Delegates arrive at the venue in Bengaluru where a meeting under India's G20 Presidency has begun on Feb. 22, 2023. Finance chiefs of the world's largest economies strongly condemned Moscow for its war on Ukraine on Saturday, with only China and Russia itself declining to sign a joint statement. U.S. Treasury Secretary Janet Yellen earlier told Reuters that it was "absolutely necessary" for any statement to condemn Russia. Two delegates told Reuters that Russia and China did not want the G20 platform to be used to discuss political matters. Besides the G7 nations, the G20 bloc also includes countries such as Australia, Brazil and Saudi Arabia.

BENGALURU, Feb 24 (Reuters) - G20 financial leaders must condemn Russia's aggression against Ukraine, French Finance Minister Bruno Le Maire told Reuters in an interview on Friday, adding that Europe was working on new sanctions against Moscow. Speaking on the first day of the G20 financial leaders meeting near Bengaluru, Le Maire said, "Sanctions will be more and more efficient, more and more effective". Le Maire said that India's purchase of discounted Russian oil has reduced Moscow's oil revenues. On the G20 communique, Le Maire said, "The purpose is to stick to the wordings of 2022 in Bali. Russia, which is a member of the G20, refers to its actions in Ukraine as a "special military operation", and avoids calling it an invasion or war.

☆ These high school sweethearts have visited 112 countries. Here's how they pay for it on a budget
▼ + stars: | 2023-02-24 | by ( Audrey Wan | Chris Dwyer | ) www.cnbc.com time to read: +8 min

Hudson and Emily Crider have visited 112 countries, but their journey together began long before that. Hudson and Emily Crider in high school. Hudson and Emily Crider on a safari in Kenya, Africa. Hudson and Emily Crider camping during their self-drive safari in the Serengeti in Tanzania. Hudson and Emily Crider

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