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☆ A Gen Z left a $70,000 salary in the US and moved to Thailand without a job. He says he's better off financially and happier in Bangkok.
▼ + stars: | 2024-09-06 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Read previewMyles Simms-Aur had a $70,000 salary, a nice car, and a stable routine living in Maryland. But he wanted to experience the world and felt financially restrained by the cost of living in the US. As of 2022, 132 US Navy veterans lived in Thailand, according to a Department of Defense report published in October 2023. He hopes to save and build wealth by living abroad before eventually returning to the US to further his career in cybersecurity. Given the low cost of living, he can afford to explore more of the world while still saving.

Persons: —, Myles Simms, Aur, Simms, " Simms, Aur Simms Organizations: Service, Business, Navy, Department of Defense, US, US Navy, Facebook, University of Maryland Global, Thai Locations: Maryland, Mexico, Brazil, Portugal, Bangkok, Thailand, Philippines, Japan, Italy, Spain, United Kingdom, St Mary's County , Maryland, cybersecurity, Malaysia, Singapore, American

☆ Cramer names the No. 1 underappreciated megacap to buy in the recent tech stock sell-off
▼ + stars: | 2024-09-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Jim Cramer said Microsoft shares could bottom Wednesday — and out of all the megacap tech stocks, this Club name is the one to buy. Wells Fargo also highlighted Microsoft's cybersecurity business. Similar to others in the sector, Microsoft's cybersecurity business can continue to rake in major corporations as clients as the threat of hacks and breaches remains elevated. In 2023, Microsoft CEO Satya Nadella said the company's cybersecurity business had surpassed $20 billion in revenue over a 12-month period. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Wells, Jim, Wells Fargo, Bing, Satya Nadella, Wells Fargo's bullishness, Piper Sandler, Jim Cramer's, Microsoft Corporation Satya Nadella, Chalinee Thirasupa Organizations: Microsoft, Wall, CNBC, Microsoft Corporation Locations: U.S, Bangkok, Thailand

☆ Woman Was Scammed Out of Over $300K, Had to Lie to Family
▼ + stars: | 2024-08-29 | by ( Jane Zhang | ) www.businessinsider.com time to read: +16 min

After I told him I didn't know any of them, he said they'd investigate and help me clear my name. But because I was a suspect, I needed to send daily updates about my whereabouts and activities to ensure I didn't flee. He agreed the next day but said I needed to send money for collateral to ensure I didn't escape while he was representing me. I feel like I'm the scammer because I scammed my family, in a sense, by lying to them. But it said sometimes clients neglect warnings, lie about the purposes of withdrawals, and proceed with the transactions anyway.

Persons: Wannapa Suprasert, I'd, Wannapa, they'd, scammers, —, didn't, I'm, they're, haven't, Suprasert Organizations: Thai Embassy, police, Thai Consulate, Central Investigation Bureau, Thai, Hong Kong, Bank of, FBI, San Francisco police, Bank of America, Business, Bank, Royal Thai Embassy Locations: Thailand, San Francisco, Washington , DC, Bangkok, Washington ,, American, LA, Hong, Hong Kong

☆ All feared dead in Thai plane crash, including five Chinese tourists
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

BANGKOK — Thai rescuers used hoes on Friday to search muddy, forested terrain for debris and the remains of nine people aboard a charter flight that crashed the day before, authorities said, with all the travelers presumed dead. All aboard the charter plane are presumed dead, said Chonlatee Yongtrong, the governor of Chachoengsao province, the site of the crash, as authorities scramble to investigate the cause. “We found many human remains,” the governor told reporters late Thursday, adding that the muddy terrain complicated the task of searchers. The plane, operating flight TFT209 headed for the eastern province of Trat, had taken off from the Suvarnabhumi airport in the capital on Thursday afternoon. Registered to Thai Flying Service Co., according to the aviation regulator, the craft lost contact with ground control in Bangkok 11 minutes after take-off, provincial officials said.

Persons: Chonlatee Yongtrong Organizations: Cessna, C208B, Thai Flying Service Co Locations: BANGKOK, China, Bangkok, Chachoengsao province, Trat

☆ The best place to live as a digital nomad, according to an AI developer who visited 40 different countries
▼ + stars: | 2024-08-23 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

With over 40 startups, the self-taught developer has claimed his various business ventures now generate over $2.2 million in revenue. This story is available exclusively to Business Insider subscribers. In 2014, Levels met other digital nomads while living in Chiang Mai, Thailand. A decade and millions of users later, Levels said the best cities he's been to are still Bangkok and Chiang Mai. While Levels said Bangkok is getting more expensive, he still recommends Chiang Mai as a more affordable option.

Persons: —, Pieter Levels, he's, Lex, Chiang Mai, I've, Lola Méndez, Alexander Mazurkevich, Chiang, it's Organizations: Service, Business, New Locations: Chiang Mai, Thailand, Bangkok, Vietnam, South America, Puerto Vallarta, New York City, Numbeo, Brazil, America

☆ Thai court dismisses prime minister over cabinet appointment
▼ + stars: | 2024-08-14 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

BANGKOK — Thailand’s Constitutional Court on Wednesday dismissed Prime Minister Srettha Thavisin for appointing to his cabinet a former lawyer who served jail time, raising the specter of more political upheaval and a reset of the governing alliance. Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be removed by verdicts by the same court, after it ruled he violated the constitution by appointing a minister who did not meet ethical standards. Deputy premier Phumtham Wechayachai is expected to take over as caretaker prime minister. If successful, she would be Thailand’s third Shinawatra premier after Thaksin and her aunt, Yingluck Shinawatra. Other potential candidates include Interior Minister Anutin Charnvirakul, Energy Minister Pirapan Salirathavibhaga and Prawit Wongsuwan, an influential former army chief who was involved in the last two coups.

Persons: Srettha Thavisin, Srettha, Srettha’s, Thaksin Shinawatra, Pichit Chuenban, Pichit, Phumtham Wechayachai, ”, Olarn Thinbangtieo, Paetongtarn Shinawatra, Thaksin, Yingluck Shinawatra, Anutin Charnvirakul, Pirapan Salirathavibhaga, Prawit Organizations: Thai, Party, Thai Party, University’s, Political Science, Law, Interior, Energy Locations: BANGKOK

☆ Thai court dismisses PM Srettha over cabinet appointment
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Srettha Thavisin, Thailand's prime minister, arrives at Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. BANGKOK - Thailand's Constitutional Court on Wednesday dismissed Prime Minister Srettha Thavisin for appointing to his cabinet a former lawyer who served jail time, raising the spectre of more political upheaval and a reset of the governing alliance. Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be removed by verdicts by the same court, after it ruled he violated the constitution by appointing a minister who did not meet ethical standards. Srettha had maintained his appointment of former Shinawatra lawyer Pichit Chuenban, who was briefly imprisoned for contempt of court in 2008 over an alleged attempt to bribe court staff, was above board. Deputy premier Phumtham Wechayachai is expected to take over as caretaker prime minister.

Persons: Srettha, Srettha Thavisin, Srettha's, Thaksin Shinawatra, Pichit Chuenban, Pichit, Phumtham Wechayachai Organizations: Thai, Party, Thai Party Locations: Thai, Bangkok, Thailand, BANGKOK

☆ Thailand’s Prime Minister Srettha Thavisin removed from office in shock court ruling
▼ + stars: | 2024-08-14 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

Bangkok, Thailand CNN —Thailand’s Prime Minister Srettha Thavisin has been removed from office after a court ruled he had violated the constitution, in a shock decision that plunges the kingdom into further political uncertainty. But Wednesday’s ruling shocked political analysts who believed the court would side with the prime minister. Pheu Thai and the establishmentPopulist Pheu Thai is the latest incarnation of parties aligned with divisive former leader Thaksin, who was ousted by the military in a 2005 coup. His dramatic return from a 15-year self-imposed exile last year coincided with the Senate’s vote to appoint Srettha as the country’s 30th prime minister. With Srettha now out of office, political negotiations will restart, with coalition partners jostling for Cabinet positions and the top job.

Persons: Thailand CNN —, Srettha Thavisin, Srettha, Pichit, Thaksin Shinawatra, Thaksin, Wednesday’s, jostling, Pheu, Paetongtarn Shinawatra, Thaksin’s Organizations: Thailand CNN, Thailand CNN — Thailand’s, Party, Populist, Manchester City Football Club, Pheu Thai Locations: Bangkok, Thailand

☆ ‘Sponge’ cities combat urban flooding by letting nature do the work
▼ + stars: | 2024-08-13 | by ( Christy Choi | ) edition.cnn.com time to read: +12 min

Turenscape/Courtesy The Cultural Landscape FoundationYu’s proposal is this: Create areas with porous earth where local plants can thrive with little or no maintenance. But whether this latest flooding crisis demonstrates the limitations of China’s sponge cities, or supports the case to expand them, is a matter of debate. Turenscape/Courtesy The Cultural Landscape FoundationTurenscape planted 5,600 seedlings of 360 local species, including rare trees indigenous to Thailand’s central river basin. Turenscape/Courtesy The Cultural Landscape FoundationThis may be another reason Yu’s services have been sought outside China. Last year, The Cultural Landscape Foundation awarded Yu the $100,000 Oberlander Prize in recognition of his pioneering work.

Persons: Kongjian Yu, Yu, ” Yu, Turenscape, Xi Jinping, Faith Chan, ”, Chan, Elizabeth Mossop, ” Mossop, “ Organizations: CNN, redwoods, UK’s University of Leeds, Research, Global Times, University of Nottingham, Thai, Arsomsilp, Environmental, Landscape Foundation, University of Technology Sydney’s School of Design Locations: Nanchang, China's Jiangxi, China, Qinghuandao, China's Hebei province, Wuhan, Hainan, Sanya, China's, Guangdong, Turenscape, University of Nottingham Ningbo China, ”, Bangkok

☆ I moved to Thailand for graduate school. The free degree I earned isn't recognized in the US, but it inspired my side business.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Charissa Enget, a content creator and cybersecurity architect who gained her graduate degree in Thailand. So, after I graduated with a mechanical engineering degree from Oklahoma State University in 2017 and was trying to decide where to go for a graduate degree, I thought it could be the perfect opportunity. Charissa EngetThe university experience was different from what I was used toIn my Thai university, they were taught engineering from the ground up. Charissa EngetWithout a scholarship, the graduate program would have still been more affordable than pursuing a graduate degree in the US. I've moved back to the US but travel back to Thailand oftenAfter completing my graduate degree in 2020, I returned to the US.

Persons: —, Charissa Enget, Enget, Charissa, Kasetsart, I've, Chiang Organizations: Service, Business, Oklahoma State University, Kasetsart University, Thai Locations: Thailand, China, Venezuela, Spain, New Zealand, Thai, Bangkok, American, Chiang Mai, Houston

☆ Gold buoyed by Fed rate-cut hopes, geopolitical concerns
▼ + stars: | 2024-08-07 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate path. Spot gold rose 0.4% to $2,399.38 per ounce, as of 11:29 a.m. Bullion is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low interest rate environment. Meanwhile, China's central bank held back on buying gold for its reserves for a third straight month in July, official data showed on Wednesday.

Persons: Everett Millman, Bart Melek, they're, Millman Organizations: Co, Gainesville, TD Securities Locations: Bangkok, Thailand, U.S, Israel, China's, China

☆ Gold nudges higher on mounting U.S. rate cut bets
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger U.S. interest rate cuts later this year. Spot gold was up 0.1% to $2,408.77 per ounce as of 0354 GMT. Fed San Francisco President Mary Daly said her mind was open to cutting interest rates as necessary and policy needed to be proactive. Meanwhile, Japanese stocks opened higher, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some.

Persons: Mary Daly, Soni Kumari Organizations: Co, Federal Reserve, San, ANZ, Traders Locations: Bangkok, Thailand, U.S, San Francisco, China

☆ I spent two months working on a farm in South Korea for free lodging and food. It was hard work, but I saved at least $2,000.
▼ + stars: | 2024-08-05 | by ( Erin Liam | ) www.businessinsider.com time to read: +5 min

But eight days before I headed to South Korea, a host texted me, asking, "Hey, are you still free?" He needed volunteers for his chestnut farm on the outskirts of Cheongyang, a village two hours from Seoul. AdvertisementI didn't know what to expect on the farmAfter finishing tasks on the farm, volunteers often take quick naps during their lunch breaks. Tim WinklerIt was a nice working atmosphere and there was no pressure to finish tasks by a certain time. AdvertisementThere was no set schedule on the farmWinkler said that no two days on the farm were the same.

Persons: —, Tim Winkler, I'd, I've, Winkler, we'd Organizations: Service, University of Hamburg, Business Locations: Germany, Bangkok, Asia, South Korea, Japan, Seoul, Cheongyang, Spain, Scandinavia

☆ Gold prices set for monthly gain; traders eye Fed verdict
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +2 min

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016. Gold prices held steady on Wednesday and headed for a monthly gain, supported by rising optimism surrounding U.S. interest rate cuts, while focus shifted to Federal Reserve's policy verdict due later in the day. Spot gold held its ground at $2,407.85 per ounce, as of 0200 GMT, and has gained more than 3% for the month. Gold will rally if the Fed language indicates that multiple cuts are coming," said Kyle Rodda, a financial market analyst at Capital.com. Traders will also keep an eye on the ADP employment report due later in the day and Friday's U.S. payrolls report.

Persons: Fed's, Kyle Rodda, Israel, Hezbollah's, Rodda Organizations: Traders, Reuters Locations: Bangkok, Thailand, Federal, U.S, United States, Iraq, Beirut, Israel

☆ ‘Terrible’: Apple’s new promo video sparks backlash in Thailand
▼ + stars: | 2024-07-31 | by ( Chris Lau | Kocha Olarn | ) edition.cnn.com time to read: +4 min

CNN —A new promotional video by tech giant Apple has been met with heavy criticism in Thailand, with many social media users claiming it offers an unrealistic, outdated view of the country. The plot follows four characters – known as the underdogs – and their attempts to overcome workplace crises using Apple devices and software. Since the series’ debut in 2019, the characters have left their corporate jobs and founded their own company. It’s fine,” wrote Thai social media user Sakchawit Attasillekha on Facebook, pointing out there are “plenty of old hotels in Bangkok” and “old taxis decorated with Buddha amulets.”“However, we also have good things too,” he added. Sombat Boonngamanong, a prominent social activist, also weighed in on Facebook saying that he was surprised the video had caused such a stir.

Persons: Christopher Mintz, ” David William, he’s, ”, John F, “, Nipawan Labbunruang, Lillian Suwanrumpha, Chai Wacharonke, Srettha Thavisin, Sombat Organizations: CNN, YouTube, Plasse, Kennedy International Airport, Bangkok, Getty, Indochina Productions, Apple, Facebook Locations: Thailand, tuk, Thai, “ Thailand, Bangkok, AFP, Bangkok ”

☆ Chinese E.V. Makers Rush In and Upend a Country’s Entire Auto Market
▼ + stars: | 2024-07-30 | by ( Daisuke Wakabayashi | Claire Fu | ) www.nytimes.com time to read: +1 min

Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for GAC Aion, an electric vehicle maker from China. The Aion team set up shop in a Bangkok hotel, commandeering conference rooms and holding meetings in the lobby. They had a long list of things to do: Find office space, recruit dealers and devise a business strategy. The team worked around the clock and, 74 days after arriving in Thailand, sold its first electric vehicle. Chinese electric vehicle manufacturers like Aion are stampeding into overseas markets.

Persons: Ma Haiyang, ”, Ma Organizations: GAC Locations: Thailand, China, Bangkok, Southeast Asia

☆ Why Thailand is making it easier for travelers to stay longer
▼ + stars: | 2024-07-28 | by ( Karla Cripps | Kocha Olarn | ) edition.cnn.com time to read: +6 min

The popular Southeast Asia destination recently introduced a new five-year visa targeted at remote workers and other travelers looking to stay in the kingdom for extended periods. According to a statement issued by the Thai prime minister’s office, the Destination Thailand Visa (DTV) will allow eligible travelers a period of stay up to 180 days per visit, on a multiple-entry basis, within five years. Thailand certainly isn’t alone in its desire to bring travelers in for longer periods. “A global trend we have observed throughout the post-Covid-19 period has been that travelers are staying at destinations for longer,” he says. “These measures will likely enhance the appeal of Thailand for long-term visitors, potentially increasing these proportions over time.”

Persons: It’s, it’s, ”, Gary Bowerman, ” Bowerman, “ You’ve, Olivier Ponti, Ponti, “ Organizations: Bangkok CNN, Muay, Thailand Visa, CNN, ” Locations: Bangkok, Phuket, Muay Thai, Thailand, Southeast Asia, Thai, Asia, –, Asia Pacific

☆ I spent 3 nights in Asia's least visited country. It also turned out to be the most expensive.
▼ + stars: | 2024-07-24 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

AdvertisementIt's one of the world's least-visited countries, making airfare and hotel rates more expensive than many countries in Asia. Only two airlines — the Indonesian low-cost carrier Citilink and the local airline Aero Dili — fly between Bali and Dili. Marielle DescalsotaCost of hotel stay for three nights: $500Timor-Leste only has a handful of three-star hotels and no luxury accommodations. I booked an entry-level room for three nights at Timor Plaza Hotel & Apartments for around $500, including tax. For activities, I spent $30 on a massage at a traditional Chinese spa and $50 on a half-day scuba diving trip at the coast.

Persons: —, I've, It's, what's, Cristo Rei, Hilton, Burger King, Gloria Jean's, nasi goreng Organizations: Service, Business, Leste, Indonesia, United Nations, Development, Aero Dili, Timor Plaza, Apartments Locations: Europe, Asia, Maldives, Bangkok, Kuala Lumpur, Timor, —, South, Connecticut, Development Asia, Indonesia, Australia, Bali, Dili, Darwin, stopovers, Singapore, Tokyo, guesthouses, Timor Leste

☆ They built a home in Thailand after their US property was flooded in a hurricane
▼ + stars: | 2024-07-22 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

CNN —With his retirement fast approaching, Jim Dolan, from the US, felt as though his future was more or less mapped out. “I was not ready to leave the United States at that point,” Jim Dolan explains. “I feel safer here in Thailand than I think in any of the cities that I lived in the United States. “I think she had a bigger challenge moving to the United States than I had coming here,” he says. “But overall, I think we’re much better off here than we would have been in the United States had we stayed there.”

Persons: Jim Dolan, Som Dolan, Hurricane Harvey, ” Jim Dolan, Som, Jim, hadn’t, Jim Dolan –, Worcester , Massachusetts – hadn’t, “, ”, they’d, Sam Roi Yot, Prachuap Khiri Khan, pugs Morgan, Gwennie, he’s, it’s, … ”, haven’t, – Morgan, I’ll, They’ve Organizations: CNN, NASA, CNN Travel, Houston, “, United Locations: Thailand, Houston, Hurricane, Texas, Worcester , Massachusetts, Bangkok, United States, Thai, Washington , DC, Prachuap, Gulf, Sam, Roi, Denver, Austin, Spanish, East Coast

☆ China finally agrees with Trump on something — they both think Kamala Harris can't win
▼ + stars: | 2024-07-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's ditched election bid has gone viral in China, where online consensus is veering toward former President Donald Trump's campaign rhetoric. AdvertisementVice President Kamala Harris met briefly with Chinese leader Xi Jinping in 2022 at her request during the APEC forum that year. As for Trump, the former president is often the subject of memes in China, mocking him as a secret agent for Beijing. Montages of Harris laughing on camera have also surfaced in China, though most are not derogatory. Most July polls put either Democratic leader behind Trump, though typically by a slim disadvantage of one to five percentage points.

Persons: —, Joe Biden's, Donald Trump's, Kamala Harris —, Biden, Harris, Joe Biden, Trump, there's, Wu Dalang, Xi Jinping, Antony Blinken, Kamala Harris, Ding Haitao, She's, Doug Emhoff, Blinken —, China —, Laffin, Kamala Organizations: Service, Democratic, White, Business, Republican, APEC, Getty, Trump, Biden Locations: China, Gansu, Weibo, Bangkok, Xinhua, Beijing, Trump

☆ Can New York City Ever Win Its War Against Rats?
▼ + stars: | 2024-07-19 | by ( Ginia Bellafante | ) www.nytimes.com time to read: +2 min

What do rats do in heat waves? As temperatures have continued to stifle all will, and the humidity level has been Bangkok-in-a-thunderstorm-percent high, I raised the question with Kathleen Corradi, New York City’s first dedicated rat czar. The specific target of her enmity is the improbably named Norway rat, the dominant species in the city. Rats are mammals, Ms. Corradi pointed out, and they find oppressively warm weather as enervating as we do. A happy rat is reproducing at a rate that science says we cannot exterminate our way out of.”

Persons: Kathleen Corradi, Eric Adams, Corradi, ”, “ Organizations: Silk, Bloomberg Locations: Bangkok, Kathleen Corradi , New York, Norway, Scandinavia, Oslo, New York, York, Calgary, Alberta Province

☆ Flights grounded and passengers warned of delays amid global IT outage
▼ + stars: | 2024-07-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Crowds are seen building up at Suvarnabhumi Airport as a global IT disruption caused by a Microsoft outage and a Crowdstrike IT problem combine to affect users on July 19, 2024 in Bangkok, Thailand. Several airlines halted flights on Friday, while others warned of delays and services being unavailable as the impact of an unprecedented IT outage was felt globally. Organizations including Microsoft were left scrambling to restore apps and services used by a huge number of firms. Airlines across Europe, the Americas and Asia issued updates outlining the suspected extent of impact on their flight schedules and wider services. ET) that operations were "disrupted," excluding flights already en route, and that it would share further updates shortly.

Persons: Stephen Murphy, Grzegorz Drozdz Organizations: Suvarnabhumi Airport, Microsoft, Belfast International, Sky News, KLM, Air Locations: Bangkok, Thailand, Airlines, Europe, Americas, Asia, Air France

☆ Gold eases after hitting fresh record
▼ + stars: | 2024-07-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices extended their rise to a fresh all-time high on Wednesday, as growing optimism for an interest-rate cut from the U.S. Federal Reserve in September and a weaker dollar boosted demand. Spot gold eased about 0.2% to $2,462.85 per ounce, driven by profit-taking, after the bullion hit a high of $2,482.29 earlier in the session. Markets now see a 98% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.

Persons: David Meger, Christopher Waller Organizations: Co, U.S . Federal Reserve, High, Fed Locations: Bangkok, Thailand, U.S

☆ Thailand: Cyanide poisoning likely killed six found dead in Grand Hyatt Erawan hotel, including two US citizens, police say
▼ + stars: | 2024-07-17 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +5 min

The grisly discovery was made on Tuesday when staff at the five-star Grand Hyatt Erawan in the Thai capital entered the fifth-floor suite after the guests missed check out by more than 24 hours. Uneaten meals are left on a table in a suite at Bangkok's Grand Hyatt Erawan Hotel, where six people were found dead on July 16, 2024. Rescue teams arrive at the Grand Hyatt Erawan hotel in Bangkok on July 16, 2024. The Grand Hyatt hotel, where the deaths occurred, is located in a bustling tourist area in the heart of Bangkok that’s home to luxury shopping malls and restaurants. Next to the hotel is the Erawan shrine, a famous landmark popular with Buddhist, Hindu and Sikh communities and tourists.

Persons: Grand, Trairong Phiewphan, ” Trairong, Noppasin Poonsawat, “, Noppasin, ” Noppasin, Lauren DeCicca, Matthew Miller, Rangsiwuthaporn Organizations: Thailand CNN, Grand Hyatt Erawan, Police, Hyatt, Hotel, Royal Thai Police, Deputy Metropolitan Police, Rescue, Getty Images Police, US State Department, Reuters, Thai Locations: Bangkok, Thailand, Thai, Bangkok ”

☆ Video: Six dead from likely cyanide poisoning in a Bangkok hotel, Thai police say
▼ + stars: | 2024-07-17 | by ( Jonathan Steinmetz | ) edition.cnn.com time to read: 1 min

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