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Asia markets rise after Fed holds rates
  + stars: | 2023-11-02 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: 1 min
Seoul, South Korea ranked in the top three of the fastest growing destination for digital nomads. Asia markets strengthened as investors took comfort from the U.S. Federal Reserve's decision to leave its benchmark interest rates unchanged, while parsing inflation data from South Korea. The Fed on Wednesday again held rates steady amid signs of economic growth, while labor market conditions and inflation remain above the central bank's target. The decision also included an upgrade to the Fed's general assessment of the economy. Data from South Korea showed consumer prices accelerated for the third straight month in October, with the CPI rising 3.8% year-on-year.
Organizations: U.S, U.S . Federal, Fed, Reuters Locations: Seoul, South Korea, Asia, U.S .
Maggie Peddicord and her boyfriend, Joseph, bought a school bus and traveled in it for one year. To fund their journey and bus expenses, they both started working on the handiwork app Taskrabbit. Before I started on Taskrabbit, I worked as a research assistant at Cincinnati Children's Hospital. Once we moved in and started traveling, it cost about $500 a month for gas and other repairs and about $250 a month for groceries. Joseph networked with Taskrabbit clients by finding people who might be interested in selling or purchasing a yacht one day.
Persons: Maggie Peddicord, Joseph, , It's, Tasker, Joseph Chazin, I, We've, van lifers, Carly Wesolowski, Taskrabbit, Here's Organizations: Service, Cincinnati Children's Hospital, Facebook Locations: Taskrabbit, Fort Collins , Colorado, Cincinnati, Banks, North Carolina, Texas, Ohio, Seattle, San Diego, Washington, DC, Columbus , Ohio, Northern Michigan, Missoula , Montana, Skokomish, San Francisco, Los Angeles . San Diego, Colorado
To the police in Spain, the artifacts possessed an ancient and golden allure. The five individuals were arrested and charged with money laundering, and the national police released images and video of the stolen items, saying that their value was around 60 million euros, or $64 million. But two experts in Greco-Scythian artifacts said in interviews that the items seized are most likely modern imitations of those crafted by ancient Greeks for Scythian nomads who, in the 4th century B.C., traversed what is now Ukraine and southern Russia. Leonid Babenko, an archaeologist at the M.F. Sumtsov Kharkiv Historical Museum in Kharkiv, Ukraine, said in an email that the items were “clumsy fakes” and had most likely been created for private collectors.
Persons: Leonid Babenko Organizations: Sumtsov Kharkiv Historical Museum Locations: Spain, Ukraine, Madrid, Russia, Sumtsov Kharkiv, Kharkiv
1 fastest-growing remote work hub: Tokyo, JapanTokyo took the top spot as the fastest-growing destination for digital nomads. The city saw a 67% increase in digital nomads from 2018 to 2022, according to Nomad List. Tokyo, Japan ranked as the fastest growing destination for digital nomads. Da Nang saw a growth of 99% over the last five years and a 107% growth in 2023 so far of digital nomads. Seoul, South Korea ranked in the top three of the fastest growing destination for digital nomads.
Persons: Marco Bottigelli, Japan doesn't, Linh Pham, Vietnam Ho Chi, Da Nang Organizations: Ministry of Foreign Affairs of Japan, Bloomberg, Fortune, New York's, Afp, Getty Images Locations: Tokyo, Japan Tokyo, Japan, New York, Ba Na, Da Nang, Getty Images Tokyo, Japan Da Nang , Vietnam Seoul, South Korea Kuala Lumpur, Malaysia Penang, Malaysia Montevideo, Uruguay Manila, Philippines Hanoi, Vietnam, Vietnam Ho Chi Minh, Vietnam Delhi, India, Nang, U.S, Da, Seoul, South Korea
Moran moved to Mexico City in 2019 and is now a permanent resident and lives with Dai, her Mexican boyfriend. "When North Americans come to Mexico, especially to Mexico City, they do not come for survival reasons," Osorno says. Alberto Martinez believes that the Mexican government needs to come up with a way to control rent prices in Mexico City. In 2022, the Mexico City government partnered with Airbnb to promote the city as a global remote working hub. In 2022, Airbnb and Mexico City announced a partnership that caused an uproar among CDMX locals.
Persons: it's, Gene Kim, Kyla Moran, Moran, Dai, Tasia Jensen, Beatriz Bajuelos, Hutchins, Caitlin Hutchins, Cora, Victor, Adalia, , Aborisade, Hutchins isn't, I'm, Keith Brown, Brown, George Floyd, There's, doling, I've, Darnell, Tiara Darnell, Guillermo Osorno, Frida Kahlo, Diego Rivera, Leticia Lozano, Lozano, Anais Martinez, Martinez, It's, Leticia Lozano López, Alberto Martinez, Airbnb, Lozano López Organizations: CNBC, Mexico City, Black American, Spanish, U.S, Spotify, National Institute of Statistics, Human Rights, Osorno, Roma, Mexico's Foreign Affairs, New, of Labor Statistics, National Autonomous University of Mexico, The New York Times, Urban Regeneration, MIT, Airbnb, Nurphoto Locations: Mexico City, Mexico's, Ciudad, North America, Mexico, U.S, American, Hutchins, North Carolina, Texas, Mexico City's, United States, Buffalo , New York, Buffalo, Roma Norte, La, Osorno, Tourism Secretarait, Mexican, New York City, , La Condesa, Airbnb, Latin America, Barcelona, Florence, Congress
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
Insider Today: A Google loophole exposed
  + stars: | 2023-09-28 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
This post originally appeared in the Insider Today newsletter. In today's big story, we're looking at how a Google loophole brings advertisements for illegal drugs hosted on defaced government websites to the top of search results. Previously, that wasn't an issue since these web pages never appeared in Google searches because website owners restricted Google from indexing them. AdvertisementAdvertisementThe result is people using internal search functions to create webpages advertising drugs on websites viewed as trustworthy by Google. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.
Persons: , Jamie Dimon, Tom Brady, Kendall Jenner, Arantza Pena, Insider's Katherine Long, hasn't, Katherine, Paul Sancya, Glenn Kelman, Meta, Dwyane Wade, Victor, Jenny Chang, Rodriguez, ThredUp, Nancy Pelosi, Karlie Kloss, Spike Lee, Nattakorn, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Costco, Tech, Business, Google, Alcohol and Drug Foundation, Conference Board, JPMorgan, NBA, Amazon, Big Tech, Atlantic, ABC, Nike, Accenture Locations: Russia, Ukraine, Washington ,, New York City, San Diego, London, New York
At just shy of 400,000 inhabitants, Sintra is also big enough to absorb the 25 Boundless families without the expats dominating all the local haunts. At school, kids are fed organic meals made by a local chef. After school, kids from different families entertained themselves in the cobblestone streets and parks under light adult supervision. But despite some early success, Boundless Education, like the organization itself, is still very much a startup. On my last night in Sintra, the Boundless families gathered together at Praia de Maçãs, a beach 20 minutes from downtown.
Persons: Shirly, Erez Weinstein, Shirly Weinstein, Ella, Mauro Repacci, Simone Stolzoff, Edward, Jessica, , Rekha Magon, I've, Repacci, Marcos Carvalho, Rolf E, Carvalho, Lona Alia, Alia, Elina Zois, it's, Andreas Wil Gerdes, Penguin Random Organizations: Khan Academy, Green School, Nordic Baccalaureate, North America, Penguin Locations: United States, Israel, Atlanta, Chiang Mai, Thailand, Portugal, Indonesia, Italy, Greece, Bali, Dominican Republic, Sintra , Portugal, Lisbon, Sintra, Ohio, Seattle, Italy's Tuscany, Montreal, Costa Rica, Europe, Southeast Asia, North, Praia, Maçãs, America, San Francisco
The Punan people of the island of Borneo were once rumored to have tails, so elusive did they seem to their neighbors in the 19th century. Over decades, the Indonesian government stripped the Punan of their ancestral lands and encouraged them, sometimes forcibly, to settle in ready-built villages. By the 1990s, anthropologists believed that the group’s traditional hunter-gatherer lifestyle had vanished. In 2002, a census of the Punan in eastern Borneo focused only on the villages, because so few nomads were thought to exist. But with funding from the National Science Foundation, the scientists made contact with the nomadic group in 2018, and began collecting data with the aim of ensuring their health and welfare.
Persons: Stephen Lansing, Pradiptajati Organizations: Santa Fe Institute, Riady, for Nanotechnology, National Science Foundation Locations: Borneo, Indonesian, Tangerang, Indonesia
Last week, Partis landed in the Sardinian village of Ollolai in Italy for a free stay paid by the local municipality. She's the first digital nomad to arrive — and already she said it feels like a life-changer. Source: Veronica Matta"That was a major success — many foreigners bought and restyled dozens of forsaken dwellings," said Mayor Francesco Columbu told CNBC. "Now, after investing in high-speed internet, with this new project 'Work from Ollolai' we want to make our village a digital nomad hub." Source: Veronica Matta"I just had to give my landowner a symbolic one euro for the house rental," said Partis.
Persons: Clarese, Partis, Ollolai, Antonio Meloni, Francesco Columbu, Veronica Matta, Sa, Matta, Veronica Matta Partis, , that's Organizations: CNBC, Workers Locations: Los Angeles, Sardinian, Ollolai, Italy, Zanzibar, Sardinia, Singapore, Sardinia —, Partis
They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.
Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, , Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve
Indonesia has said OpenAI Sam Altman will get the country's first "golden visa." The visa allows the CEO to stay in the country for up to 10 years, along with several other perks. It's unclear whether Altman applied for the visa or plans to stay in Indonesia for long periods. AdvertisementAdvertisementIndonesia has granted tech titan Sam Altman the country's first "golden visa." According to a translation of the statement, Karim said the OpenAI CEO has an "international reputation and may bring benefits to Indonesia."
Persons: Sam Altman, Altman, Silmy Karim, Karim, Bill Gates, Jeff Bezos Altman Organizations: Trump, Oprah Locations: Indonesia, Saudi, Jakarta, Bali
Barcelona, renowned for its vibrant cultural scene and almost year-round sunshine, is the best workcation city for those "seeking the perfect blend of work and leisure," said IWG. "The rise of hybrid work now allows workers to work from wherever they can be the most productive, even if that's overseas," Rogers added. Barcelona and Toronto — the top two cities — registered particularly strong scores in broadband speed and accommodation prices. Top 10 cities for workcations: Barcelona Toronto Beijing Milan New York Rio De Janeiro Amsterdam Paris Jakarta Lisbon For example, the average rent per month in Barcelona costs $1,158 and $1,769 for Toronto — compared to New York's $3,632 — the most expensive on the list. A cup of coffee in Barcelona costs $2.68 on average, compared to $4.92 for Los Angeles and $4.57 for Beijing, IWG added.
Persons: Darren Rogers, IWG, Rogers, Toronto — Organizations: Singapore, Toronto, Barcelona Toronto Beijing Milan, Paris Jakarta, Los Locations: Barcelona, New York, Hong Kong, Singapore, Asia, Southeast Asia, workcations, Barcelona Toronto Beijing Milan New York Rio De Janeiro, Paris, Paris Jakarta Lisbon, Spanish, Los Angeles, Beijing, Toronto
Some cities are easier for "work from anywhere" employees than others, a study from IWG has found. The analysis found that Barcelona and Toronto were the best cities for employees working abroad. However, not all remote working destinations are made equal, a study from flexible working company IWG has found. Barcelona, Toronto, and Beijing were ranked some of the best cities for people who are embracing the "work from anywhere" lifestyle. The analysis ranked 25 cities on nine categories, including availability of workspaces, broadband speed, climate, culture, accommodation, food and drink, and transport.
Persons: IWG, Mark Dixon Organizations: Service, Barcelona, Toronto Locations: Barcelona, Toronto, Wall, Silicon, Beijing
Hawaii residents, like Puerto Ricans, who faced disasters before them, are not asking to be saved. They ask only to be allowed to help themselves in the face of failing emergency services and federal aid. But the entrenched vulnerabilities produced by colonialism are not so easily overcome. For example, some residents have been begging tourists to stay away as the community recovers. It will only worsen if weeks of absent federal aid turn into months of bureaucratic labyrinths and endless red tape, as has happened so often.
Persons: Hurricane Maria Organizations: Puerto Ricans, Hurricane, FEMA Locations: Hawaii, Puerto, The State
The largest island, Tenerife, received 4% more tourists in June than in the pre-pandemic 2019. But there were 22% fewer Germans, a clear sign of how the energy crisis and economic woes have weighed on travel decisions. Meanwhile, hotels in traditional hotspots for German tourists, such as the town of Puerto de la Cruz in northern Tenerife, are now filling up with "weather tourists". This year, 18% fewer Germans went on summer holidays than in 2019, according to Germany's tourism industry group DRV. According to Spanish official data, in the first half of 2023, 14% fewer Germans visited Tenerife than in 2019.
Persons: Borja Suarez, Shizuko Hotta, Hotta, Diego Bejarano, Enrique Talg, Corina Pons, Sarah Marsh, Andrei Khalip, Angus MacSwan Organizations: Gran Canaria, REUTERS, Borja Suarez PUERTO, LA, la, Thomson Locations: Puerto Rico, Gran, Spain, LA CRUZ, Canary Islands, Africa, Tenerife, Puerto, la Cruz, Lake Constance, Germany, Spanish, United States, Canada, U.S, Europe
Shelby Smith took a six-month career break and traveled to Curaçao, a Dutch Caribbean island. Smith fell in love and moved from Portland, Oregon, to Curaçao permanently to start her family. I visited Curaçao on vacation and knew I'd be backI visited Curaçao, a Dutch Caribbean island, on vacation in 2019. Three days before I landed, the whole island went on lockdown. If you think living on a remote island would be much cheaper, think againSome living costs on the island are cheaper, but others are more expensive.
Persons: Shelby Smith, Smith, I'd, Curaçao Organizations: Service, Facebook Locations: Curaçao, Dutch Caribbean, Portland , Oregon, Wall, Silicon, Aitutaki, Cook, Portland, Reveri, Netherlands, United States, American
CNN —When John Flores and Michael Leitz were looking for a home in which to spend the next stage of their lives, they realized that where they lived in San Francisco was too expensive. Instead, they began looking further afield – eventually buying a beautiful 120-year-old, three-story home in rural Spain for less than $50,000. Finding the right place and relocating to another country was by no means easy for Flores and Leitz. As is often the case in rural Spain, many records had been lost over the years. “We bought the most beautiful antique rural Spanish furniture there.”Work to renovate the house took about six months, but that followed the considerable time taken to get building permission from local authorities.
Persons: John Flores, Michael Leitz, Flores, Leitz, – Leitz, , , John, Gonzalo Azumendi, Flores aren’t, Stefano Politi Markovina, Spain they’d, ” Flores, woodworm, ” Leitz, Flores “, they’ve, They’ve, “ Leitz Organizations: CNN, UCLA, , Getty, Global Citizen Solutions, Visa Locations: San Francisco, Spain, Francisco, “ Europe, Europe, Spanish, Valencia, Leitz, Phoenix, Xatavia, Madrid, Barcelona, Seville, Malaga, California, Xativa, , Ikea
What is the Naadam festival? “Naadam means ‘games’ in the Mongolian language and it includes three main competitions, Mongolian wrestling, archery and horse racing,” he explains. The Naadam games took place virtually for two years, from 2020-2021, because of the pandemic. Kyodo/APIn addition to the major festivities held in Ulaanbaatar, there are Naadam games – of different scales – held across Mongolia in the countryside. A female archer strikes a pose at a small Naadam festival at the Three Camel Lodge in Mongolia's Gobi Desert in 2019.
Persons: Genghis Khan, Here’s, Naadam, It’s, , “ Naadam, Genghis, Barry Lewis, , Yesunge, Tessa Chan, Alison Wright, David, Goliath, Wu Hong Organizations: CNN, Manly Games, Nomadic Expeditions, , UNESCO, Intangible, Heritage, Humanity, South China Morning, Mongolian Government, Mongolian, Mongolia, Archery, Kyodo, AP, Archery Field, Shutterstock Locations: Mongolia, gers, Mongol, Ulaanbaatar, Uliastai, Western Mongolia, South, Mongolian, Australia, New Zealand, Ulaanbataar
Shopify is going to extreme lengths to stop its workers from attending pointless meetings. This push to keep workers out of meetings is to free up time so they can, according to the company's COO, "get shit done." But here's the thing about meetings, even "pointless" ones, and especially for a company with a lot of remote workers like Shopify: they give us an opportunity to chat. Watercoolers are hard to recreate in virtual form, but if they're going to be anywhere, it's in scheduled videocalls — in other words, meetings. Better mental health has been closely linked to productivity, so perhaps addressing loneliness would be a better use of a company's resources than discouraging meetings.
Persons: Shopify, they've, it's, impenetrably, I've Organizations: Service, Bloomberg, Independent Locations: America, Wall, Silicon
A real estate agency window in Alicante, Spain. Sopa Images | Lightrocket | Getty ImagesMore Americans are flocking to Spain for longer, whether as so-called digital nomads working abroad or to enjoy a new life in retirement. In addition, the home prices that grew the most in the same period were paid by Americans, according to the report. According to the General Council of Notaries report, American buyers are focusing on urban areas like Madrid — as with any big city, people are attracted to its job opportunities and amenities, said Ingrim. However, Americans who want a different retirement or remote work experience and an adventure by relocating to Spain should take a few factors into consideration.
Persons: Danes, Cash, Alex Ingrim, Chase Buchanan, Jude Boudreaux, Ingrim, Boudreaux, doesn't Organizations: Getty, General, Finance, CNBC's Locations: Alicante, Spain, Florence, Italy, Madrid, Andalusia, Valencia, Europe, U.S, New Orleans, American, Portugal, Spanish
If you've ever dreamed of living and working remotely in Canada, now's your chance: The Canadian government just announced a new immigration program for digital nomads. Under current Canadian immigration rules, digital nomads working for a foreign employer can stay in the country under visitor status for up to six months. The main motivation behind Canada pitching itself as a destination for digital nomads is the labor shortage it faces in "key tech occupations," Fraser adds. Canada joins a growing list of more than 30 countries that have introduced similar programs to attract digital nomads, including Spain and Portugal. If you're interested in applying for a temporary Canadian visa, you'll need a government-issued passport and proof of income.
Persons: you've, now's, we're, Sean Fraser, Fraser, Masha Sutherlin, Sutherlin Organizations: CNBC, Randstad, U.S, Canada Locations: Canada, Canadian, Randstad Canada, New York, San Francisco, Spain, Portugal, UAE, Los Angeles
The subscription offers unlimited travel throughout Frontier's network, but only if a seat is available. Frontier Airlines' new "all-you-can-fly" GoWild Pass has officially taken off. In June, Wall Street Journal Reporter Dawn Gilbertson used the Colorado-based carrier's new flight subscription, which markets unlimited travel to anywhere in Frontier's network. Moreover, there are several caveats to "unlimited" travel. However, she also realized "unlimited" travel can actually be very limiting.
Persons: isn't, Dawn Gilbertson, Gilbertson, Thomas, St, San Diego, Passholders, Julia Carmel, passholder Jacob Brown Organizations: Frontier Airlines, Wall Street, Delta Air Lines, Walt Disney, Disney, Los Angeles Times, Facebook, LA Times Locations: Colorado, Phoenix, Atlanta, Dominican Republic, Chicago, St, Puerto Rico, Orlando, Maarten, Hartford , Connecticut, Raleigh, San, Newport , Rhode Island, Connecticut
Columbus, Ohio was named the top city for digital nomads in the United States, while Fort Lauderdale ranked last. Portland, Houston and Chicago have topped several lists highlighting the best cities for digital nomads, namely for having low housing costs and a high share of remote jobs that pay $100,000 per year or more. New York and Los Angeles, meanwhile, didn't even crack the top 20 best cities for digital nomads. 24, while New York City ranks No. The remote job market is shrinking in some cities, but flourishing in others.
Persons: Zumper, Louis, Covid — Organizations: Fort Lauderdale, Columbus , Ohio Portland , Oregon Kansas City , Missouri Houston St, Louis Chicago Cincinnati San, Louis Chicago Cincinnati San Antonio Detroit Denver Analysts, New York City, U.S . National Bureau of Economic Research, San Francisco Locations: U.S, California, Florida, Midwest, Zumper, Columbus , Ohio, United States, Columbus , Ohio Portland , Oregon Kansas City , Missouri Houston, Louis Chicago Cincinnati San Antonio, Kansas City, Cincinnati, St, Portland, Houston, Chicago, New York, Los Angeles, Washington, San Francisco, York
Canada is developing a scheme to attract digital nomads to the country. Under current rules, remote workers are allowed to live and work in Canada for six months. The Immigration Refugees and Citizenship Canada (IRCC) said the plans were aimed at making Canada a go-to destination for digital nomads. Under current Canadian immigration rules, digital nomads can stay in Canada for up to six months under a visitor status while still working for foreign companies. "We expect that some digital nomads who initially enter Canada to work remotely will decide to seek opportunities with Canadian employers," the IRCC said in a release.
Persons: Organizations: Service, Privacy, Canada, Immigration Refugees, Citizenship Canada Locations: Canada, Canadian, Bali, Portugal, Greece
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