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☆ Microsoft's mammoth AI bet will lead to over $100 billion in data center leases
▼ + stars: | 2024-10-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases. Overall, Microsoft made $19 billion in capital expenditures in the latest quarter. "It's an insane ramp," said Charles Fitzgerald, a former Microsoft manager who writes about capital expenditures on his blog Platformonomics. Investors will get further clarity on Microsoft's lease finances when the company reports fiscal first-quarter results in late October. Executives at Microsoft and other top tech companies have approved higher capital expenditures in the past two years, often to boost their performance in generative AI.

Persons: Satya Nadella, Charles Fitzgerald Organizations: Microsoft, Investors Locations: Jakarta, Indonesia, U.S, Pennsylvania

☆ I took 36 flights in 4 months, and it was exhausting. These were my 2 biggest mistakes.
▼ + stars: | 2024-10-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Anu Verma went on a 16-month solo trip before traveling to 36 countries within four months. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She was eight years older than me and had already gone on a solo trip and had some crazy stories about her time visiting Australia. After completing my final exams, I booked a six-month solo trip to Australia, New Zealand, Thailand, and India, which I ended up extending to 16 months because I loved it so much. Since I was doing a long-term trip, I'd always try to find the cheapest flights.

Persons: Anu Verma, Verma, —, Victor, Anu Vermal, I'd, Anu, I've Organizations: Service, Taj Locations: Coventry , England, Australia, New Zealand, Thailand, India, Nepal, Burma, Philippines, Indonesia, Lombok, Asia

☆ Japan is encouraging Americans to visit with free domestic flights. Here's how to book.
▼ + stars: | 2024-09-28 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Japan Airlines is offering free domestic flights to tourists from the US and other select countries. Tourists must book round-trip international flights with Japan Airlines to qualify. Japan Airlines is offering free domestic flights to tourists from the US, Canada, Mexico, Thailand, Australia, and New Zealand, according to a recent announcement on its website. In order to claim the free tickets, passengers must book round-trip international flights with the same airline and the domestic flights must be booked in the same reservation as the international flights. A spokesperson for Japan Airlines told Business Insider that "no end date has been set" for the initiative.

Persons: —, Grace Cheng, Cheng Organizations: Japan Airlines, Service, Business, Harper's Bazaar Locations: Japan, Tokyo, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, Philippines Indonesia, India, China, Taiwan, New York, Sapporo, Hokkaido, Harper's Bazaar Singapore, Kanazawa, Inland

Republicans stand a good chance of erasing the Democrats’ narrow 51-49 Senate majority in November, a hard reality that complicates Harris' transition planning. Members of Harris’ transition team have studied that one — the handoff from Ronald Reagan to George H.W. Harris' team is operating under an unusually compressed timeline and is still building the basic apparatus needed to vet potential hires and staff an administration. Last month, Harris' campaign appointed Yohannes Abraham to run the team that is preparing for a transfer of power. He came to his new role with direct experience, having been executive director of Biden’s transition in 2020.

Persons: WASHINGTON, Kamala Harris, Harris, who’ve, Joe Biden, Biden, undercutting, —, Barack Obama, Robert Gates, George W, Bush's, Gates, ”, It’s, Ronald Reagan, George H.W, George H.W . Bush, They've, Hillary Clinton, Obama, Donald Trump, Yohannes Abraham, Abraham, Trump, “, she’s, Max Stier, There’s, Christine Wormuth, Kathleen Hicks, Michèle Flournoy, Rosa Brooks, ” Brooks, ” Harris, William Burns, Burns, who've, he's, Rohini Kosoglu, Harris ’, Julianne Smith, Phil Gordon, Sens, Chris Murphy, Chris Coons, Linda Thomas, Greenfield, Samantha Power, Walz, Pete Buttigieg, Buttigieg, it’s “, Gina Raimondo, Joe ”, ” Raimondo, Raimondo Organizations: Republican, Biden, Senate, NBC, Trump, Pentagon, Democratic, Senate Democrats, Republicans, University of Virginia's, Association of Southeast Asian Nations, ASEAN, Partnership for Public Service, Army, CIA, White House, NATO, United Nations, U.S . Agency for International Development, Transportation, Biden's Cabinet, Fox News Locations: Washington, George H.W ., U.S, Indonesia, Connecticut, Delaware, United, Biden's

☆ I left Goldman Sachs to plan weddings for the ultra-rich. I do 4 key things to keep my clients — and their families — happy.
▼ + stars: | 2024-09-27 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +6 min

Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. I spent a decade at Goldman Sachs, working in Singapore and Hong Kong managing key relationships by flying to a different Chinese city each day. English wasn't his first language, so he misunderstood and thought I was starting a wedding planning business. He immediately asked me to help plan his son's wedding, insisting I take a look since I knew the family well. Many of our elder clients want to see their grandchildren uphold customs they cherish, like family crests and cultural elements.

Persons: Chew, Chew doesn't, —, Lelian Chew, Goldman Sachs, I, Lelian, it's Organizations: Service Locations: Singapore, Hong Kong, Indonesia, Maldives

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ Fearful of the 'middle-income trap,' Indonesia pushes for major policy reform
▼ + stars: | 2024-09-26 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Incoming President Subianto has promised to continue the charge toward making Indonesia a high-income economy. Economic reforms passed through by the outgoing president will make the achieving Indonesia's grand vision easier. "Widodo put in place a bunch of economic reforms, the most noticeable being making it easier to hire and fire new workers. Indrawati hopes to avoid "the middle-income trap" — an economic development situation where growing economies stagnate at middle-income levels and are unable to advance to the ranks of high-income countries. Major policy reforms, she believes, will help Indonesia sidestep that.

Persons: Sri Mulyani Indrawati, CNBC's, Joko Widodo, Prabowo Subianto, Subianto, Widodo, Gareth Leather, Indrawati Organizations: Afp, Getty, country's Finance, International Monetary Fund, Defense, Capital Economics, CNBC, Lowy Institute Locations: Jakarta, Indonesia, Washington, Australian, China, Asia

☆ ‘World’s coolest’ neighborhood for 2024 named by Time Out
▼ + stars: | 2024-09-25 | by ( Francesca Street | ) edition.cnn.com time to read: +4 min

That’s the premise behind global listing guide Time Out’s latest roundup of the “world’s coolest” neighborhoods. “Our bookshop is 19 years old and we have seen the neighborhood change a lot and that’s so great,” owner Nadia Champesme told CNN Travel. “This is the neighborhood where everything happens,” Dijon told CNN Travel, adding the cultural diversity of Notre-Dame Du Mont helps make it special. Interestingly, Principe Real, in Lisbon appears on Time Out’s list at number 8, six years after appearing in the list in 2018. “There’s no rule against a neighborhood appearing multiple times,” Grace Beard, travel editor at Time Out, told CNN Travel.

Persons: there’s, Axelle Poittevin, Thomas Benayoun, Dame Du Mont, Nadia Champesme, Notre, Mont, ” Marie Dijon, ” Dijon, Stokes, Alex Egge, Stokes Croft, Paul’s, St Paul’s, ” Egge, “, ” Grace Beard, Dame du, Kerns Organizations: CNN, Notre, Dame, CNN Travel, Bristol, Principe Real Locations: Marseille, France, Mers Sultan, Casablanca, Morocco, Pererenan, Bali, Indonesia, Kerns, Portland , Oregon, Paul’s, Bristol, England, Principe, Lisbon, Seoul, South Korea, Portland, USA, Chippendale, Sydney, Australia, Portugal, Rio de Janeiro, Brazil, Windsor, Melbourne

☆ TikTok is abandoning its plan to take on Spotify in music streaming
▼ + stars: | 2024-09-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewTikTok is shutting down its music-streaming app, TikTok Music, on November 28. AdvertisementIt's unclear how successful TikTok Music was at building a user base in the five countries where it launched. On Apple's app store, TikTok Music is the 28th most popular music-streaming app in Indonesia and the 71st most popular in Brazil. Why not send those TikTok music fans to a streaming app it owns? Going forward, the company will likely focus on its "Add To Music App" feature, which lets TikTok users add songs or pre-save tracks they hear on TikTok to other streaming services like Spotify, Amazon Music, and Apple Music.

Persons: —, Ole Obermann, TikTok, ByteDance, SiriusXM, hasn't Organizations: Service, Business, TikTok, Universal Music Group, YouTube, Spotify, Amazon Music, Apple Music Locations: Indonesia, Brazil, Singapore, Australia, Mexico, India

☆ Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: +1 min

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia's biggest economy to spur growth. Tech giant Microsoft will invest $1.3 billion over the next three years to build up its infrastructure in Mexico for cloud computing and artificial intelligence, the company announced on Tuesday. "We're doubling down on bringing more capacity to Mexico," Chairman and CEO Satya Nadella said at an event in Mexico City. Microsoft and communications company Viasat are also working to bring the internet to more than 150,000 Mexicans previously without cellular connectivity by the end of 2025, Microsoft said.

Persons: Satya Nadella, Marcelo Ebrard Organizations: Microsoft, Tech, Viasat Locations: Jakarta, Indonesia, Mexico, Mexico City

☆ Invesco: Indonesia an 'outsized beneficiary' of Fed rate cut
▼ + stars: | 2024-09-23 | 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 EmailInvesco: Indonesia an 'outsized beneficiary' of Fed rate cutDavid Chao of Invesco shares his playbook for assets that he expects will perform well should the U.S. economy enter a soft landing.

Persons: David Chao, Invesco Locations: Indonesia, U.S

☆ Attack on foreign diplomats' convoy kills police officer in Pakistan
▼ + stars: | 2024-09-22 | by ( Mushtaq Yusufzai | Mushtaq Yusufzai Is A Journalist Based In Peshawar | ) www.nbcnews.com time to read: +2 min

PESHAWAR, Pakistan — A roadside bomb hit a convoy of foreign diplomats visiting northwest Pakistan on Sunday, killing a police officer in their security detail, police said. Ambassadors from Indonesia, Portugal, Kazakhstan, Bosnia and Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, and Tajikistan were among those in the convoy, police said. Police made security arrangements for the foreign ambassadors and they were immediately rescued and moved towards Pakistan's capital Islamabad, Khan said. Offering sympathies to the families of those who died, Pakistan’s foreign ministry said in a statement that “all members of the diplomatic corps have returned safely to Islamabad.”Pakistan's President Asif Ali Zardari also condemned the attack. Pakistani counter-terrorist forces maintain a strong presence in the Swat valley, which has long been a hotbed of Islamist militant insurgency.

Persons: Zahidullah Khan, Mohammad Ali Gandapur, Khan, Asif Ali Zardari, ”, Malala Yousafzai Organizations: NBC News, Police, Pakistani Locations: PESHAWAR, Pakistan, Swat, Indonesia, Portugal, Kazakhstan, Bosnia, Herzegovina, Zimbabwe, Rwanda, Turkmenistan, Vietnam, Iran, Russia, Tajikistan, Pakistan's, Islamabad, ”

☆ New Zealand pilot freed after 19 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

New Zealand pilot Phillip Mehrtens has been freed more than 19 months in Indonesia’s Papua, authorities said on Saturday. Indonesia’s Metro TV showed him tearfully speaking to his family by phone. New Zealand Foreign Minister Winston Peters said, “We are pleased and relieved to confirm that Phillip Mehrtens is safe and well and has been able to talk with his family. This news must be an enormous relief for his friends and loved ones.”A range of New Zealand government agencies had been working with Indonesian authorities and others towards securing Mehrtens’ release, Peters said in a statement. Another New Zealand pilot, Glen Malcolm Conning, was killed by separatist rebels in Papua in August after landing his helicopter in a remote area, authorities said at the time.

Persons: Phillip Mehrtens, Mehrtens, Egianus Kogoya, Joko Widodo, Winston Peters, “, Peters, General Faizal Ramadhani, Egianus Kogoya’s, Glen Malcolm Organizations: Zealand, Metro TV, West Papua National Liberation Army, New Zealand Foreign, Mehrtens, New Locations: Indonesia’s Papua, Timika, Nduga, New Zealand, Papua

☆ New Zealand pilot Phillip Mehrtens freed after more than 18 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

West Papua, Indonesia — New Zealand pilot Phillip Mehrtens has been freed from more than 18 months in captivity in Indonesia’s Papua, the Indonesian police said in a statement on Saturday. An armed faction of the West Papua National Liberation Army (TPNPB), led by Egianus Kogoya, kidnapped Mehrtens on Feb. 7, 2023, after he landed a small commercial plane in the remote, mountainous area of Nduga. “We are prioritising approach through religious leaders, church leaders, traditional leaders and Egianus Kogoya’s close family to minimise casualties and maintain the safety of the pilot,” said the chief of Cartenz 2024 Peace Operations, Brigadier General Faizal Ramadhani. Mehrtens was freed and picked up by a joint team in Nduga Regency and is undergoing health check-ups and a physiological examination in Timika regency, the police said. The police they would hold a press conference later.

Persons: Phillip Mehrtens, Egianus Kogoya, Mehrtens, Egianus Kogoya’s, ”, General Faizal Ramadhani Organizations: New Zealand, West Papua National Liberation Army Locations: Papua, Indonesia, New, Indonesia’s Papua, Nduga, Nduga Regency, Timika

☆ A new tool shows what the climate crisis could feel like in your city
▼ + stars: | 2024-09-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.

Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco

☆ CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
▼ + stars: | 2024-09-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Its intent was clear: to develop India's manufacturing capabilities in sectors like automotives, electronics, pharmaceuticals and aerospace while creating opportunities for locals. India's manufacturing sector has seen "remarkable" growth says, Samir Kapadia, founder and CEO of B2B marketplace India Index. "These infrastructural shifts in India have improved connectivity within and outside the country putting India at a very different playing field than it was 10 years ago when 'Make in India' started," Kapadia told CNBC's Inside India. India vs. other emerging marketsWhile India looks to poach China's manufacturing share, other countries like Indonesia, Vietnam, Bangladesh and Mexico are also stiff competitors.

Persons: Wistron, Narendra Modi, Foxconn, Samir Kapadia, Kapadia, CNBC's, U.S . Franklin Templeton's Yi Ping Liao, Liao, Deveshwar Organizations: Tata Group, Indian, Apple, Dixon Technologies, Kia, Divi's, Novartis, GSK, Merck, China, U.S ., TS Lombard, Inside, Mutual Fund Locations: India, China, Silicon Valley, Bengaluru, Kolar, Doddaballapura, Foxconn, Kia India, Anantapur —, Indonesia, Vietnam, Bangladesh, Mexico, Asia, Inside India, Brazil

☆ The world’s best hotels for 2024 revealed
▼ + stars: | 2024-09-18 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +6 min

In eighth place, Soneva Fushi in the Maldives was also winner of the Lost Explorer Best Beach Hotel Award 2024. 46 respectively and Raffles London at The OWO (No. 16 and was named Best Hotel in North America. The Calile, a stylish and airy urban resort in the lively James Street area of Brisbane, Australia, was named Best Hotel in Oceania, ranking at No. Passalacqua, which was the winner of the first-ever Best Hotel prize in 2023, dropped to second this year.

Persons: John Blanco, Capella, Josephine, Blanco, “ Covid, Thais, Soneva, Cheval Blanc, Lana, Chablé, James, Royal Mansour, Aman, Hôtel de Crillon, Borgo, Rosewood São, São, Mount Nelson, Carlyle, Eden, Suján, Brando Organizations: London CNN, Capella, Capella Bangkok didn’t, CNN Travel, Rosewood, Rosewood Hong, Capella Bangkok, Raffles, Singapore Sling, Le Bristol, Raffles London, Aussie, Tasman, Royal, American, Atlantis, Bulgari, Hyatt Kyoto, Madrid, Capella Singapore, Surf, Bel, Le Bristol Paris, Singita, Park, Kokomo Locations: Capella Bangkok, London, Charoenkrung, Thailand’s, Bangkok, London’s Guildhall, Thailand, Rosewood Hong Kong, Victoria Harbor, Rosewood Hong Kong Asian, Thai, Chao, Siam, Hong Kong, Raffles Singapore, Maldives, Tokyo, Lake Como, Paris, of, Connaught, North America, Brisbane, Australia, Oceania, Hobart, Marrakech, La, Istanbul, Bosphorus, Italy, Aman Tokyo, Soneva Fushi, Dubai, Wanokaka, Indonesia, Claridge’s, Chao Phraya, Chocholá, Mexico, Du, Antibes, France, Florence, Amalfi, Bali, Bulgari Tokyo, São Paulo, Brazil, Kyoto, Japan, Cape Town , South Africa, Puerto Vallarta , Mexico, New York, Mamounia, Morocco, Miami, Los Angeles, Barths, York, Sri Lanka, Auchterarder, Scotland, Umbria, Suján Jawai, Rajasthan, India, South Africa, Oman, French Polynesia, Tulum, Tasman, Fiji

☆ These are the '50 best hotels' in the world for 2024
▼ + stars: | 2024-09-18 | by ( Chris Dwyer | ) www.cnbc.com time to read: +7 min

That's the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of " The World's 50 Best Hotels ," announced Tuesday in London's historic Guildhall. Capella Bangkok is the new "best hotel" in the world, according to the 50 Best organization. It has long produced rankings in the culinary world, releasing "The World's 50 Best Restaurants" since 2002, and 'The World's 50 Best Bars' since 2009. The Art of Hospitality Award went to Morocco's Royal Mansour, and the Best Beach Hotel Award went to Soneva Fushi in The Maldives. Members of the 50 Best organization "do not vote and do not control the composition of the list," Emma Sleight, head of content for The World's 50 Best Hotels told CNBC.

Persons: Mauro Colagreco, Bangkok's Chao, John Blanco, it's, Josephine Ping, It's, Hong Kong Cheval, Singapore Aman, Japan Soneva, France Chablé, Italy Borgo, São, Japan Mount, Carlyle, Eden, Royal Mansour, Lisciano, Italy Suján, India Singita –, Brando, Tetiaroa, Mount Nelson, Bulgari, Morocco's Royal Mansour, Soneva, Aman, Sonia Cheng, Emma, — Organizations: Michelin, Capella, CNBC, Italy Rosewood, Hong Kong Raffles, Maldives Atlantis, Thailand Raffles, UAE Rosewood, Hyatt Kyoto, Seasons Madrid, Spain Capella Singapore, Surf, Bel, Scotland, Kruger, Park, Australia Kokomo, Asia — Capella, America Rosewood, Oceania, Raffles London, Atlantis, Hospitality, Morocco's, Eco, luxe, Rosewood Hotel, Hotels Locations: London's, Capella Bangkok, Kings, Italy's Lake Como, Bangkok, Thailand, Lake Como, Italy, Italy Rosewood Hong Kong, Hong Kong, Hong Kong Cheval Blanc , Paris, France, Hong Kong Raffles Singapore, Singapore, Singapore Aman Tokyo, Tokyo, Japan, Japan Soneva Fushi, Maldives, Dubai, UAE, Sumba, Sumba Island, Indonesia Claridge's, London, Thailand Raffles London, Chao Phraya, Crillon, Paris, Chocholá, Mexico, Antibes, Maya, Florence, Amalfi, Bali, Indonesia, Lana, Paulo, São Paulo, Brazil, Brisbane, Australia, Siam, Kyoto, Japan Mount Nelson, Cape Town , South Africa, Riviera Nayarit, Carlyle , New York, U.S, Mamounia, Marrakech, Morocco, Madrid, Spain, Surfside, Los Angeles , U.S, St, Barths, Caribbean Aman New York , New York, Galle, Sri Lanka, Bristol, Auchterarder, Lisciano Niccone, Italy Suján Jawai, Rajasthan, India, South, Zighy, Oman, Connaught, UK, Polynesia, Tulum, Tasman, Hobart, Yaukuve Levu, Fiji, Asia, Europe, North America, Africa, Oceania, South America, Asia — Capella Bangkok, America, Yucatan, America Rosewood Sao Paulo, New York, Bulgari Tokyo, Istanbul, The Maldives

☆ Asia-Pacific markets open mixed as investors await Federal Reserve's rate decision
▼ + stars: | 2024-09-18 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve's rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central bank's rate decision. Japan's private sector machinery orders in July declined 0.1% from the previous month, according to data from the Cabinet Office, missing Reuters estimates of a 0.5% increase. Bank Indonesia is set to meet Wednesday for a key BI-rate decision. The policy rate stands at its highest level since 2016, even as inflation has cooled to well within the central bank's 1.5%-3.5% target.

Organizations: Dow Jones, Japan's Ministry of Finance, Bank Indonesia Locations: Asia, Pacific, Japan, Indonesian

☆ Indonesia's Kadin Chairman: 'Feasible' to reduce Chinese ownership of nickel projects in the country
▼ + stars: | 2024-09-18 | 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 EmailIndonesia's Kadin Chairman: 'Feasible' to reduce Chinese ownership of nickel projects in the countrySpeaking at the sidelines of Milken's Asia Summit, Anindya Bakrie, CEO of Bakrie & Brothers and newly appointed chairman of the Indonesian Chamber of Commerce and Industry (Kadin), discusses the country's critical minerals industry and says that Indonesia has "all the potential" to export nickel to Western nations.

Persons: Anindya Bakrie Organizations: Milken's Asia, Bakrie, Brothers, Indonesian Chamber of Commerce and Industry Locations: Indonesia

☆ Vilnius is cheap, safe, and fun — no wonder it's the world's happiness capital for Gen Z
▼ + stars: | 2024-09-18 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +8 min

Joshua Nelken-Zitser/Business InsiderThe city's 90-or-so lakes, ideal for kayaking, and some of the largest forests in the country are also nearby. Joshua Nelken-Zitser/Business InsiderAccording to an affordability index by the personal finance website Finasvalp, Vilnius is the fourth most affordable capital in Europe. Joshua Nelken-Zitser/Business InsiderShe also said she appreciates how inexpensive and convenient it is to travel from Vilnius. Joshua Nelken-Zitser/Business InsiderOutside a food hall beside the Baltasis Tiltas, or White Bridge, 22-year-old Goda Ponomariovaitė looks for a place to sit. Joshua Nelken-Zitser/Business InsiderAccording to Ponomariovaitė, Vilnius has plenty of free or affordable hangout spots.

Persons: —, Valdas Benkuskas, Angel Villalba, Ignas, Kazlauskas, Ignas Kazlauskas, Joshua Nelken, Pranculis, Elizabeth Avgusta, Adriana Doroškevičiūtė, Avgusta, Doroškevičiūtė, It's, Ponomariovaitė Organizations: Service, Business, Getty, Gallup, US, Eurostat, Finasvalp, Michelin Locations: Lithuania, Vilnius, Baltic, Small, Lithuania's, Denver, London, Newcastle, Ukraine, Belarus, Berlin, Europe, Indonesia, LA's Venice, Ponomariovaitė, Amsterdam

☆ The vaccines you need to know about before you travel
▼ + stars: | 2024-09-17 | by ( Lisa Kjellsson | ) edition.cnn.com time to read: +12 min

Norlys Perez/ReutersUntil recently, there wasn’t a widely available dengue vaccine for travelers. But according to Dr. Nicky Longley, consultant in infectious diseases and travel medicine at The Hospital for Tropical Diseases (HTD) at University College London Hospitals, dengue vaccination is not quite the silver bullet travelers had hoped for. One traveler who welcomes the arrival of the new Qdenga vaccine is UK-based travel writer Chris Dwyer. Which vaccines do you need? Adults are advised to keep a record of their immunizations and when they need to be boosted.

Persons: Yasuyoshi Chiba, Norlys Perez, Dengvaxia, Nicky Longley, haven’t, “, ” Longley, Chris Dwyer, Dwyer, Qdenga, ” Dwyer, vaccinates, Sia Kambou, ”, Longley, “ It’s, Anniina Sandberg, Sandberg, didn’t, Martin Harvey, HTD’s Longley, wasn’t, Tick Organizations: CNN, Hatta International Airport, Getty, Health Organization, WHO, US Centers for Disease Control, Prevention, Reuters, European Union, The, University College London Hospitals, Malaria, Natives, TBE, CDC Locations: Sweden, Asia, Thailand, Pakistan, Philippines, Soekarno, Tangerang, Indonesia, AFP, Cuba, Europe, United States, Malaysia, Abidjan, West Africa, South Sudan, Ivory, Finnish, Africa, Tanzania, Tanzanian, South Africa, Helsinki, Finland, Americas

☆ Gold prices at all-time highs as traders eye deeper U.S. rate cut
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: +2 min

Gold prices climbed to a two-week high on Thursday as U.S. Federal Reserve Chair Jerome Powell opened the door to cutting interest rates as early as September. Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate reduction by the U.S. Federal Reserve this week. Spot gold was up 0.5% at $2,588.29 per ounce, as of 0551 GMT, after hitting an all-time high of $2,589.23 earlier in the session. This would be Fed's first rate cut since 2020. Zero-yield bullion tends to be a preferred investment amid lower interest rates and geopolitical turmoil.

Persons: Jerome Powell, Tim Waterer, Donald Trump Organizations: Federal, U.S . Federal Reserve, KCM, Bank of England, Bank of Japan, Republican, FBI Locations: China, Japan, Indonesia, Malaysia, South Korea

☆ Indonesia's finance minister discusses aim of becoming a high-income country
▼ + stars: | 2024-09-16 | 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 EmailIndonesia's finance minister discusses aim of becoming a high-income countrySri Mulyani Indrawati, Indonesia's finance minister, outlines the sectors the country is investing in.

Persons: Mulyani

☆ Same-sex marriage was on a roll in Asia. Not anymore
▼ + stars: | 2024-09-13 | by ( Chris Lau | ) edition.cnn.com time to read: +11 min

The winning formulaMore than 30 jurisdictions worldwide now recognize same-sex marriage, according to the Pew Research Center. Since the first same-sex marriage law was passed in the Netherlands in 2001, progress has been made mostly in Europe, the Americas and Australasia. Gay couples cut a wedding cake in Amsterdam on April 1, 2001 after the first same-sex marriage law was passed in the Netherlands. But on the national level, Japan does not recognize same-sex marriage and local courts have returned conflicting verdicts on the issue. Up to 68% of Japan’s adults support same-sex marriage, the highest share in Asia, according to the Pew Research Center.

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