Turkey's Lira Leads Carry Trade Revival as Investors Ignore Risk
Turkey, grappling with terrorist attacks and a refugee crisis, is emerging as an attractive destination for currency investors as carry trades show signs of recovery following the biggest losses in four years.The volatility-adjusted yield on the lira, a measure of investment risks versus rewards, is the best among the world’s most-traded currencies after it rose to the highest since May 2014. Carry trades, where investors buy higher-yielding assets with funds borrowed in lower-interest-rate cou..>> view originalMedia Monitors Report Decline in Global Press Freedom
When journalists and media rights activists gather in Helsinki to mark World Press Freedom day Tuesday, there will be a notable absence: Journalist Khadija Ismayilova, recipient of this year’s UNESCO/Guillermo Cano World Press Freedom Prize, is currently serving a 7.5-year sentence in Azerbaijan for her work exposing government corruption. The Committee to Protect Journalists (CPJ) says some 200 journalists like Khadija are currently jailed across the world. And prison isn’t the only way that g..>> view originalJewish American author Chabon takes on Israeli occupation
AFP on May 3, 2016, 2:26 pm Jerusalem (AFP) - American author Michael Chabon's Jewish identity has long been central to his work.From 2001's Pulitzer Prize-winning "The Amazing Adventures of Kavalier & Clay" -- the story of two Jewish cousins before, during and after World War II -- to 2007's "The Yiddish Policemen's Union", Chabon's novels have delved into what it means to be Jewish, especially in America.Like many American Jews, Chabon has also long felt a connection to Israel, visiting t..>> view originalAir rage is 4 times more likely when you've got this on your plane
There's a range of inconveniences and irritations in air travel that can lead to a whole lot of bad behaviour on an aeroplane, but a new investigation into the causes of 'air rage' incidents says it's not so much the shrinking seats, lousy food, or lost baggage that's to blame for people losing their cool in the air. In fact, the single biggest factor associated with air rage in economy class turns out to be whether or not the plane you're in has a first-class compartment. If it does, the chanc..>> view originalCate Blanchett is UN goodwill ambassador
Cate Blanchett is UN goodwill ambassadorTwo-time Oscar winner Cate Blanchett says she's proud to have been named a global goodwill ambassador for the United Nations refugee agency.Filippo Grandi, the UN high commissioner for refugees, said the Australian actress "has already demonstrated great commitment to the cause," having just returned from Jordan where she met Syrian refugee families and heard of their perilous journeys to escape the war."I am deeply proud to take on this role," Blanchett s..>> view originalBudget 2016: Government will close 17 detention centres, says Dutton
Video will begin in 5 seconds. Govt to close 17 detention centres Peter Dutton announces during Question Time that the government will close 17 asylum seeker detention centres. Vision courtesy ABC News 24. PT0M49S 620 349 Seventeen of Australia's detention centres will be closed, Immigration Minister Peter Dutton announced on Tuesday."We have worked tirelessly since the day we were first elected to make sure that we could keep the people smugglers out of business, to make sure..>> view originalTrump and China: New realism or business as usual?
Donald Trump has emerged as the presumptive 2016 Republican nominee for US president and recently outlined his views on foreign policy, including how he would deal with China. Asserting that America under the foreign policies of President Barack Obama no longer has clear goals, Trump singled out what he called China’s attack on American industry and wealth as a critical issue. “Our president has allowed China to continue its economic assault on American jobs and wealth, refusing to enforce trad..>> view originalRussia and the US can deliver peace in Syria
Aleppo is not held by ISIS but is the current target of a brutal regime offensive backed by the Russians. AP by Gideon Rachman Last week, as President Obama entertained the White House Correspondents' Association dinner and Britain indulged in a bizarre debate about whether Hitler was a Zionist, more than 200 people were killed in a brutal bombardment of Aleppo. The breakdown of Syria's fragile ceasefire promises ye..>> view originalCaptain James Cook's ship Endeavour 'found'
A replica of Captain Cook's ship. Photo: AP Auckland: Researchers say they may have found the remains of the HMS Endeavour, the ship on which Captain James Cook first discovered the eastern coastline of Australia.Cook commanded the Endeavour on his first voyage of discovery to Australia New Zealand between 1769 and 1771.It was last seen in 1778, by which time it was being used as a transport ship during the American Revolution and renamed the Lord Sandwich. ..>> view originalIndonesian Police Arrest 1500 in Papua
JAKARTA, Indonesia—Indonesian police said they arrested about 1,500 people in the country’s remote eastern region of Papua after demonstrators there pushed to join a multinational body that would underpin their goal of independence. Activists said the Monday roundup was the largest ever in Indonesia’s democratic era, which began in the late 1990s. The Indonesian half of New Guinea island—known as Papua—is ethnically distinct...>> view original
Tuesday, May 3, 2016
Turkey's Lira Leads Carry Trade Revival as Investors Ignore Risk and other top stories.
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