Posts filtered by tags: Asia[x]


Grounded by Corona

Tonight I was supposed to be boarding a plane at JFK Airport in New York. Sixteen hours later I was going to disembark in Manila. My epic trip this year was to be five weeks in Asia. The first three weeks I was going to travel around the Philippines for t
Tags: Travel, Asia, New York, Philippines, Jfk Airport, Manila, Corona

#SaudiArabia delays May crude prices until after OPEC+ meeting: Saudi source - Reuters

Saudi Arabia delays May crude prices until after OPEC+ meeting: Saudi source - Reuters:Saudi Aramco (2222.SE) will delay the release of its crude official selling prices (OSP) for May until April 10 to wait for the outcome of a meeting between OPEC and its allies regarding possible output cuts, a senior Saudi source familiar with the matter said on Sunday.“It is an unprecedented measure that has not been taken by Aramco before. May OSPs will depend on how the OPEC+ meeting concludes. We are doin...
Tags: Travel, Asia, Saudi Arabia, Russia, Opec, Donald Trump, Reuters, Aramco, Saudi Aramco, Rupert Neil Bumfrey

Luckin Coffee’s board initiates investigation into $300M potential fraud

China-based Luckin Coffee, the fastest growing growing coffee brand in the world, has dazzled VCs, public market investors and frankly us over the years with its dizzyingly high growth, expanding from a handful of stores and delivery kiosks to tens of thousands in a just a few years, quickly outpacing Starbucks’ aggressive expansion in the world’s second largest economy. All those numbers though may not be what they seem. In a filing with the SEC this morning, the company’s board announced th...
Tags: Travel, Food, Asia, China, US, SEC, Starbucks, Blackrock, Kirkland Ellis, Charoen Pokphand Group, Zhaopin, American Depositary, Jian Liu, Luckin Coffee, Luckin, Yahoo Finance WTF

Money transfer service Azimo partners with Siam Commercial Bank for faster payments to Thailand

Azimo, the London-headquartered international money transfer service, has partnered with Thailand’s Siam Commercial Bank (SCB) to deliver instant payments for its customers from Europe to SCB bank accounts in Thailand. According to the World Bank, Thailand is one of the top remittance destinations globally, with $6.7 billion received from abroad each year, and Azimo says it remains one of the most expensive countries to send and receive money. That’s something the U.K. fintech wants to help chan...
Tags: Travel, Startups, TC, Asia, Europe, London, Eu, Thailand, Kent, Rakuten, Azimo, Greycroft, SCB, Siam Commercial Bank, EIB, Michael Kent

Different types of Asian broth

While watching reruns of Chopped recently, I encountered a moment that made my skin crawl. Bear in mind, this is not my typical reaction to Chopped, a show that normally, despite its extremely chaotic energy, helps me relax. But not on that day. One of the chefs opened her basket and announced to the camera that she would be preparing what she called an “Asian broth.” I had to hit pause on the episode and take a deep breath. There is no such thing as Asian broth. There are 14 countries in Eas...
Tags: Travel, Asia, Japan, Indonesia, China, Southeast Asia, Singapore, Afghanistan, United States, Malaysia, Korea, Vietnam, Sichuan, All, Buddhist, East

China’s Pinduoduo raises $1.1 billion in private share placement

Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and allow it to capture “additional opportunities” during the times of uncertainty. The Nasdaq-listed firm said some of its long-term investors financed the deal. The investors were granted newly issued Class A ordinary shares of Pinduoduo representing approximately 2.8% of the company’s total outstanding shares. The capital raise comes weeks after t...
Tags: Travel, Ecommerce, Apps, Asia, China, Funding, Shanghai, Alibaba, Alibaba Group, David Liu, Pinduoduo, Coronavirus, COVID-19, Covid19

#Saudi struggles to find buyers for extra crude as demand dives: sources - Reuters

Saudi struggles to find buyers for extra crude as demand dives: sources - Reuters:Saudi Arabia is struggling to find customers for its extra oil as demand plummets due to the coronavirus and freight rates surge, industry sources said, undermining the kingdom’s bid to seize market share from rivals by expanding production.Royal Dutch Shell and U.S. refiners were taking less Saudi crude, Finland’s Neste was not taking any in April and Indian refiners had sought delayed deliveries, the sources said...
Tags: Travel, Asia, Saudi Arabia, Russia, Royal Dutch Shell, Finland, Neste, Sinopec, Reuters, Organization of the Petroleum Exporting Countries, Unipec, Rupert Neil Bumfrey

Deep Dive: Asia Performance in the Time of COVID-19 | By Laura Resco

COVID-19 swept through Asia first. Chinese health officials first reported the outbreak to the World Health Organization (WHO) on Dec. 31, 2019, and the rapid spread of the virus prompted aggressive containment measures across the entire region. The impact on the hotel industry was swift and severe, because many Asian travel markets rely heavily on Chinese visitor demand.
Tags: Travel, Asia, World Health Organization WHO, Laura Resco

Some Asia Hotels Roll Out Quarantine Packages for Travelers Looking to Self-Isolate

As countries in Asia impose stricter entry requirements on foreign visitors amid a new wave of imported coronavirus infections, hotels in the region are seeing unexpected opportunities as quarantine lodgings for travelers and workers seeking self-isolation venues.
Tags: Travel, Asia

Coronavirus: #Qatar Airways Still Operating a Third of Flights - Bloomberg

Coronavirus: Qatar Airways Still Operating a Third of Flights - Bloomberg:Qatar Airways said it’s continuing to operate a third of its normal schedule while bulking up on cargo flights as the Mideast carrier seeks to ride out the coronavirus outbreak.The second-biggest Gulf airline is still operating about 150 flights a day, serving European cities such as Frankfurt and Munich and more far-flung destinations in the U.S., Australia and parts of Asia, Thierry Antinori, its head of strategy, said W...
Tags: Travel, Asia, Europe, Australia, Qatar, Bloomberg, Frankfurt, Munich, Middle East, Emirates, Airbus, Gulf, Qatar Airways, Mideast, Boeing Co, Doha Qatar

SPECIAL REPORT: COVID-19 Profit Impact on Asia Markets

The extent to which the coronavirus has impacted the global hotel industry is now coming into focus based on new data from HotStats, which provides further transparency in terms of the damaging impact of the disease on travel and, by extension, on hotel profitability.
Tags: Travel, Asia

Stock Market Today: Dow, S&P Live Updates for March 22, 2020 - Bloomberg

Stock Market Today: Dow, S&P Live Updates for March 22, 2020 - Bloomberg:U.S. equity futures reversed a decline and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second wave of initiatives to support the shuttered American economy. The dollar fluctuated and European stocks fell.S&P 500 and Nasdaq 100 futures had earlier dropped to their daily limits, but they gradually recovered before the Fed news helped them erase all their losses. The central bank said...
Tags: Travel, Asia, Europe, India, Bloomberg, Italy, Federal Reserve, Nasdaq, Fed, Treasuries, Rupert Neil Bumfrey

Service with a smile in lakeside luxury at Tulfarris

Tulfarris Hotel and Golf Resort in Co. Wicklow. Simon Thornton knows a top resort when he sees one having plied his trade on the European Tour for close to six years.Europe's global circuit took the former Royal County Down assistant all over the world from the scene of his 2013 European Tour win at St Omer in France to great resorts such as Gleneagles, the Home...
Tags: Travel, Asia, Europe, France, US, Sport, Ireland, Tourism, Golf, Gleneagles, Dublin, Cork, Simon, St Andrews, Thornton, George Burns

Uber, Ola suspend all rides in New Delhi

Uber and Ola have suspended all ride options in New Delhi till March 31 and the Indian ride-hailing firm is restricting ride options across the country in a bid to slow the coronavirus pandemic. The firms said the suspension of their services in India’s capital was in compliance with the local state government’s lockdown order that went into effect earlier Monday. “In compliance with the government guidelines, we are temporarily suspending all Uber services in your city. This means that Uber ...
Tags: Travel, Transportation, Uber, Asia, India, Narendra Modi, New Delhi, Ola, Gurgaon, Inter, Uber in India, Coronavirus, COVID-19, Covid19, Noida New Delhi, Lyft India

Toilet paper shortage

American derrieres are spoiled for choice. Supermarkets across the country shelve a comical number of toilet-paper products, inundating shoppers with more deals on two-ply than any consumer actually needs. On a typical day, the biggest dilemma shoppers face when it comes to the fluffy stuff is whether to swear allegiance to Charmin or Cottonelle. Anyone who’s been to the supermarket lately knows that the toilet-paper aisle is decidedly not typical, however. Across the United States, and aroun...
Tags: Travel, Asia, Japan, China, India, US, Canada, United States, Philippines, Italy, Middle East, Portugal, South America, North, Toilet, Customs

Y Combinator-backed Kosh is a neobank for blue-collar workers in India

Dozens of startups have stepped up in India in recent quarters to improve banking experience for millions of users and businesses in the country. As a result, tens of thousands of people who could not get a loan or a credit card from a bank can now secure both from fintech startups. But this push to bring financial inclusion to everyone still has many areas to cover. Blue-collar workers, for instance, are still facing challenges in availing some basic banking services. Kosh, a Y Combinator-backe...
Tags: Travel, Google, Android, Y Combinator, Asia, India, Funding, Bangalore, Online Lending, Noida, Goel, Kosh, Kosh a Y Combinator, Aayush Goel, Sahil Bansal, NiYO Solutions

Arab world risks losing 1.7m jobs due to coronavirus, says UN - Arabianbusiness

Arab world risks losing 1.7m jobs due to coronavirus, says UN - Arabianbusiness:The coronavirus pandemic threatens to wipe out more than 1.7 million jobs across the Arab world this year, the UN Economic Commission for Western Asia warned Wednesday.Arab nations' gross domestic product (GDP) is expected to shrink by at least $42 billion in 2020, hit by plunging oil prices and virus-linked shutdowns, it said."More than 1.7 million jobs could be lost in 2020, with the unemployment rate increasing by...
Tags: Travel, Asia, Un, Rupert Neil Bumfrey, UN Economic Commission

Emirates Mulls Grounding Its A380 Fleet as Virus Spreads - Bloomberg

:Emirates, the world’s biggest long-haul airline, is looking at grounding the bulk of its 115 Airbus SE superjumbos as the coronavirus undermines global travel demand, people familiar with the situation said.Dubai-based Emirates has already idled more than 20 A380s and is seeking to delay taking the last handful due for delivery, Bloomberg reported last week. The company hasn’t made a decision on standing down the fleet, according to the people, who asked not to be named discussing a private mat...

Brent crude sinks below $30/bbl as recession fears weigh - Reuters

Brent crude sinks below $30/bbl as recession fears weigh - Reuters:Crude oil prices settled below $30 a barrel as the coronavirus pandemic slowed economic growth and oil demand on Tuesday while Saudi Arabia and Russia kept up their battle for market share.Countries including the United States and Canada, along with nations in Europe and Asia, are taking unprecedented steps to contain the virus, which has already killed 7,500 people. Numerous governments have told residents to restrict their move...
Tags: Travel, Asia, Europe, New York, Saudi Arabia, Russia, Canada, United States, Reuters, Rupert Neil Bumfrey, John Kilduff, Again Capital Management

Two South African curries, a history

No matter how many people you ask in Durban, if you’re looking for bunny chow, those in the know will always mention Hollywood Bets. Hollywood Bets is technically a betting shop. The gambling happens downstairs — a smoke-filled hall frequented by hopeful gamblers watching sports matches and horse races on TV. It is not the sort of place you imagine going for a family lunch. But upstairs, on a surprisingly pleasant wooden deck, diners young and old gather to munch on Durban’s most famous dish....
Tags: Travel, Asia, South Africa, West Africa, Cape Town, Muslim, Madagascar, Curry, Cape, Durban, Curries, All, East Asia, East, Signal Hill, Bo Kaap

What hotels can learn from Hong Kong's response to COVID-19

The hotel industry is facing a generational crisis at the hands of COVID-19, and it will likely get worse before it gets better. However, even during these hard times, there is light at the end of the tunnel. Thanks to rapid responses, many countries in Asia are already starting to see a recovery in their hotels’ direct bookings, and are regaining control and predictability around their digital marketing strategies. After comprehensive analysis of our hotel data from the start of the year...
Tags: Travel, Asia, Hong Kong, Europe, US, COVID

Oil sinks below $30 as recession fears weigh - Reuters

Oil sinks below $30 as recession fears weigh - Reuters:Oil fell below $30 a barrel on Tuesday to its lowest since 2016 as the coronavirus pandemic hits economic growth and oil demand while Saudi Arabia and Russia battle for market share.Countries including the United States and Canada, along with nations in Europe and Asia, are taking unprecedented steps to contain the virus, curbing demand for crude and products such as gasoline and jet fuel.Brent crude LCOc1 slipped 1.5% to $29.57 a barrel at ...
Tags: Travel, Asia, Europe, Saudi Arabia, Russia, Canada, United States, Reuters, Rupert Neil Bumfrey

What is Mongolian throat slinging?

I was in college the first time I heard throat singing. A friend, who was then enrolled at the Berklee College of Music, had learned of a bitonal chanting technique from Mongolia and spent months trying to master it before attempting a demonstration one night over dinner. What resulted was a chorus of grunts sounding from a quickly reddening face. It was a far cry from the Youtube clip we pulled up after, which featured a throat singer belting guttural yet smooth, almost vibrational, harmonie...
Tags: Travel, Asia, Music, Japan, China, Germany, Russia, Netflix, Unesco, Canada, South Africa, Dartmouth, Siberia, Ussr, Singing, Drake

Everest climbing permits suspended

There will be no traffic jam on Mount Everest this year. The government of Nepal announced on Friday that due to fears of COVID-19 being spread by arriving climbers, it would suspend all climbing permits for Mount Everest and all other peaks in the country. The announcement followed a Thursday order by China banning expeditions from its side of the world’s highest peak. The move comes as the annual climbing season was set to kick off next month, leaving many sherpas and mountain guides unempl...
Tags: Travel, Asia, California, China, Ireland, Everest, Nepal, Mount Everest, All, Adrian Ballinger, Alpenglow Expeditions, Coronavirus, COVID-19, Annapurna Kanchenjunga

Twelve Strategies For Managing Hotels In Time Of Crisis | By Alex Sogno

The Coronavirus epidemic seems to be at a turning point in terms of spread as we speak, yet it is difficult to know its true impact on the economy. At this stage, it has a very tangible impact on hotels: a drop in booking pace, increased room cancellations, many events been postponed at best, and soon, pressure from third-party capital (banks / lenders). Looking at numerous hotel markets in Asia and parts of Europe (in or outside of China, Italy etc.), hotels are now running at single-dig...
Tags: Travel, Asia, Europe, Alex Sogno, China Italy

U.S. crude falls below $30 as Fed move fails to calm markets - Reuters

U.S. crude falls below $30 as Fed move fails to calm markets - Reuters:U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus.Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month price had risen $1 earlier in the session.U.S. West Texas Intermediate (WTI) crude was at $29.94, down $1.7...
Tags: Travel, Asia, China, Reserve Bank of New Zealand, Fed, Reuters, U S Federal Reserve, Rupert Neil Bumfrey

Coronavirus: How risky is a stay in hotels?

Since the outbreak of the Corona virus in January 2020, we have been increasingly asked whether a trip to hotels is still safe and secure. Basically, the risk of infection with the COVID-19 virus naturally varies by destination and intensity of possible local sources of infection. While travel currently appears particularly risky in Asia, the situation in Europe seems currently more relaxed. The reports of corona infections in northern Italy, Austria and Germany are currently omnipresent ...
Tags: Travel, Asia, Europe, Germany, Italy Austria

#SaudiArabia floods markets with $25 oil as fight with Russia escalates - Reuters

Saudi Arabia floods markets with $25 oil as fight with Russia escalates - Reuters:Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of its fight with Moscow for market share, five trading sources said on Friday.The sources, from oil majors and refiners which process crude in Europe, said Saudi state oil company Aramco told them it would supply all requested additional volumes in Ap...
Tags: Travel, Asia, Europe, Saudi Arabia, Russia, Opec, United States, Moscow, Reuters, Aramco, Reuters Saudi Arabia, Rupert Neil Bumfrey

Role Reversal Sees Asia Restricting Travel From Outside the Region

From quarantining arriving travelers from overseas to nabbing those sneaking in with fevers, China and other parts of Asia are scrambling to prevent the new coronavirus from coming back to where it first broke out.
Tags: Travel, Asia, China

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