Lost Nomad http://lostnomad.org/ Wed, 11 May 2022 03:06:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://lostnomad.org/wp-content/uploads/2021/05/lost-nomad-icon-150x150.png Lost Nomad http://lostnomad.org/ 32 32 Airbnb lists BVI as a viable destination for ‘digital nomads’ http://lostnomad.org/airbnb-lists-bvi-as-a-viable-destination-for-digital-nomads/ Tue, 10 May 2022 16:27:45 +0000 http://lostnomad.org/airbnb-lists-bvi-as-a-viable-destination-for-digital-nomads/

As the Caribbean tourism industry continues to recover from the impact of COVID-19, Airbnb has partnered with the Caribbean Tourism Organization (CTO) to promote certain Caribbean territories, such as the Virgin Islands , as viable destinations for digital nomads to live and work. everywhere.

This is done through Airbnb’s “Live and Work Anywhere” platform which launched last Thursday and is part of an ongoing initiative to continue working with governments and Destination Management Organizations (DMOs).

This helps create a one-stop-shop for remote workers and encourages them to try new places to work while helping to revive tourism and provide economic support to communities after years of travel restrictions.

A recent press release from Airbnb and the CTO points out that the campaign in the Caribbean aims to promote various member destinations of its organization, through a landing page on the Airbnb website which provides information on digital nomad visas for each respective country.

“It also highlights the best Airbnb options for staying and working. This promotional landing page will be unique to others around the world and will highlight the following 16 participating destinations as options for digital nomads: Anguilla, Antigua and Barbuda, Barbados, Belize, Virgin Islands, Cayman Islands, Dominica, Guyana, Martinique, Montserrat, St Eustatius, St Kitts, St Lucia, St Martin, Trinidad,” the press release read.

Meanwhile, CTO director of member services Faye Gill said the rebound in Caribbean tourism means people are taking advantage of opportunities to work remotely in the region.

“The steady recovery of tourism in the Caribbean has been spurred by innovation and a willingness to seize opportunities, such as the rise of digital nomads and the development of extended stay programs to diversify the experience of visitors to the region. CTO is delighted that Airbnb has identified the Caribbean as a featured destination in its global Live and Work Anywhere program and, in doing so, supports the continued success of the region,” said Gill.

Airbnb’s Policy Manager for Central America and the Caribbean, Carlos Muñoz, also noted that Airbnb welcomes partnering with the CTO to help build and improve different Caribbean destinations.

“Airbnb is proud to partner again with the CTO to continue promoting different destinations in the Caribbean so people can work and travel within. This campaign is a new joint effort that will continue to help promote of the wonderful region,” said Carlos Muñoz.

This partnership is one of many initiatives in the CTO’s ongoing program to help its members rebuild tourism and spotlight digital nomad programs in their destinations.

Copyright 2022 BVI News, Media Expressions Limited. All rights reserved. This material may not be published, broadcast, rewritten or distributed.

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Is McDonald’s the new remote office? http://lostnomad.org/is-mcdonalds-the-new-remote-office/ Tue, 10 May 2022 11:07:18 +0000 http://lostnomad.org/is-mcdonalds-the-new-remote-office/

The world is moving towards remote work, and almost 50% professionals believe that traditional employment will no longer be there in the future.

And, with coworking spaces and digital nomad visas on the rise in most countries, it’s easy to see how future generations of talent will have the ability to choose their preferred remote workstation, whether it’s acts as an isolated cabin, an urban cafe. shop, a riverboat or a hotel room.

But does that mean McDonald’s restaurants could be the next meeting place for remote workers? For some, maybe.

Here’s what you need to know before turning a McDonald’s booth table into a desk.

It’s reliable and accessible, wherever you are!

If there’s one competitive advantage that McDonald’s has over other remote workplaces, it’s that there are more 38,000 restaurants in 100 countries – all of which offer similar standards of service and facilities.

Whether you’re a freelancer looking to get away from your home office desk or a digital nomad looking for a reliable internet connection in a foreign country, you can count on any international McDonald’s restaurant to provide :

  • Comfortable seating (especially in newly renovated outlets)
  • Multiple power outlets
  • WiFi connection – which is free, not password-secured and very reliable
  • Continuous food and beverage service

These features might not cover much more than the basics, but provide all the essentials needed to track emails, make a work call, or navigate through the list of administrative tasks.

This can be invaluable if you find yourself in an unfamiliar city or country and are looking for a temporary work base.

Your McDonald’s business meal could be fully deductible

No, not all of your lunch breaks are tax deductible. But like small business taxes continue to riseknowing what a tax deduction is can save you from leaving hundreds of dollars on the table!

So what makes a McDonald’s lunch a business expense?

According to the IRS, business expenses are classified as ordinary and necessary costs to operate your business. In turn, having lunch at McDonald’s with a customer, colleague, colleague, prospect, or potential customer is considered a business expense.

Also, if you are away from your tax domicile (your business or employer’s address) and cannot reasonably return to your tax domicile for lunch, you may be able to claim your McDonald’s lunch as a travel expense. If you want to use this strategy, make sure the meal does not fall into the category of personal expenses!

Additionally, under the government’s Covid-19 small business relief plan, business meals and drinks are considered 100% deductible in 2021 and 2022.

As this is an ever-evolving field, be sure to follow the latest regulations for online sellers and digital nomads, and find out about tax deductions as a freelancer that can make a difference in your company’s budget plan.

McDonald’s suits all lifestyles

McDonald’s hours of operation and accessibility options vary by country, location and average footfall. But, in most cases, you can count on any McDonald’s restaurant to be open from early morning until late at night – if they’re not operating 24/7!

For local telecommuters, this could be a slight advantage, especially if their clients are local and prefer to work during the day.

But if you deal with international customers or are a digital nomad looking to overcome the hurdle of jet lag, an open McDonald’s is a golden ticket to after-hours productivity!

Additionally, McDonald’s restaurants offer a range of food and beverage options, suitable for most dietary requirements and lifestyle choices. With a little self-control, you might be able to opt for the salad too and stick to your health goals!

Installing your workstation in a McDonald’s establishment is affordable

Coworking spaces are undeniably the best solution for remote workers looking for networking opportunities, a creative environment, and reliable WiFi. And, in most cases, coworking memberships are tax deductible.

Nevertheless, the most popular national coworking companies charge an average of $260-430 per month for their basic membership – but can cost up to $918 per month in some locations!

Setting up your workstation at McDonald’s is a great way to save money while getting the job done. In some locations in the US, you can even get free coffee refills.

McDonald’s Locations Have Their Downsides: Know What To Expect

McDonald’s restaurants are the most trusted option for digital nomads and freelancers traveling to unfamiliar cities or countries. But the choice to work in a McDonald’s outlet is not without its share of disadvantages.

McDonald’s locations can be crowded and noisy, especially during peak hours, and you may not experience the same level of security that a coworking space might provide. Still, if you’re looking to get away from a boxy home office or are looking for reliable WiFi on the go, McDonald’s might just be a go-to solution you can always rely on.


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“Nomad” Episode Guide: Join Carlton McCoy in His Search for Authenticity Across the Globe http://lostnomad.org/nomad-episode-guide-join-carlton-mccoy-in-his-search-for-authenticity-across-the-globe/ Mon, 09 May 2022 02:20:26 +0000 http://lostnomad.org/nomad-episode-guide-join-carlton-mccoy-in-his-search-for-authenticity-across-the-globe/
(CNN) — In CNN’s new original series “Nomad with Carlton McCoy,” master sommelier McCoy searches for authenticity in destinations around the world. Whether along the banks of the Mississippi River or in bustling Seoul, McCoy explores the beaten path to find what truly makes each place special.

Below is an episode-by-episode guide through McCoy’s travels. Take a look at what he discovered:

SOUTH KOREA

Carlton McCoy and Kyungmoon Kim enjoy soju at Gwangjang Market in Seoul.

South Korea is a combination of old and new. The country is at the forefront of world popular culture and also a preserver of centuries-old traditions.

McCoy met his old culinary school friend and one of Korea’s first master sommeliers, Kyungmoon Kim, who guided him through Korea’s major cities and remotest villages and introduced him to the concept of Jeongfreely translated to mean the feeling of attachment to another person and the hospitality that comes from that connection.

Take a look at some of the places where McCoy discovered authentic Korea:

Gwangjang Market — Located in central Seoul, Gwangjang Market is one of Korea’s oldest traditional markets and features a selection of clothing, textiles, and some of the best street food the city has to offer. McCoy samples some sundaeor pudding.
Onjium — This Michelin-starred restaurant in Seoul is run by chef Cho Eun-hee and researcher Park Seong-bae and features a menu that draws inspiration from the four seasons to give Korean royal court cuisine a modern makeover . McCoy enjoyed Chef Eun-hee’s version galbior ribs, and the popular rice dish bibimbap.
Won Soju — Won Soju is a new brand of premium Korean spirits launched by Korean American rapper Jay Park. You might recognize him from his popular song with 2 Chainz, aptly titled “SOJU.”
Nongam Jongtaek — Located in Andong, South Korea, this hotel is the converted estate of the Lee family, whose ancestors have lived on the land for over 600 years. Visitors are treated to homemade liquors and meals prepared by the Lee family during their stay. McCoy described that visiting the unchanged setting and architecture was like stepping into a time machine.
JookJangYeon — This artisan farm run by wine importer Michael Jung is located in the remote village of Jukjang-myeon. It specializes in making Korean jangs, or thick sauces, such as doenjang, ganjang and gochujang in large earthen pots called jangdok.
Ojina — This pop-up restaurant on Jeju Island from Chef Austin Kang and brothers Chef Hwang Ji-Won and Doctor Hwang Na-bi uses a careful selection of ingredients and personalized menus to bring out the healing powers of food.

PARIS

Carlton McCoy and chef Christophe Pelé at Clarence in Paris.

Carlton McCoy and chef Christophe Pelé at Clarence in Paris.

While in Paris, McCoy expands her search for authentic Parisian experiences to lesser-known ones suburbs, or suburbs, which surround the city center. Beyond the Champs Élysées and the Eiffel Tower, the wealth of restaurants and cultural offerings highlights the complexities of Parisian identity.

Do you want to know more about the authentic Parisian lifestyle? Check out these six spots:

New Saigon — This restaurant in Lognes explores Vietnamese cuisine for a French audience. Lognes, a suburb with the highest proportion of Asians of any city in France, naturally has some pretty stellar Asian cuisine. One of the dishes McCoy tasted in New Saigon, a noodle soup called Phnom Penh, actually has its roots in Cambodia.
Cathedral Basilica of Saint-Denis — Formerly the royal abbey of Saint-Denis, the Cathedral Basilica of Saint-Denis is a medieval monument known as the first example of Gothic architecture and as the “cemetery of kings”. It served as the burial place for 43 kings, 32 queens and 10 servants of the monarchy.
Good adventure — This Saint-Ouen restaurant was opened by publicist-turned-chef Alcidia Vulbeau and showcases her unique take on French-African fusion cuisine. McCoy particularly enjoyed the shakshuka, based on the traditional North African dish.
The Clarence — Located in the 8th arrondissement of Paris proper, Le Clarence is a restaurant that received two Michelin stars in 2017 and offers classic French dishes revisited by chef Christophe Pelé.
Mariane Ibrahim Gallery — The second iteration of the Mariane Ibrahim gallery, after its success in Chicago, opened its doors on avenue Matignon in Paris in September 2021. Ibrahim, the Franco-Somali founder of the gallery, is committed to highlighting the artists of Africa and its Diaspora.
Elysee Palace — The Élysée Palace is essentially the French White House, residence of President Emmanuel Macron. It is only open to tourists during European Heritage Days and is larger than the Palace of Versailles. Francis Oge, the chef de partie at the palace, prepared thousand leaf for McCoy.
Carlton McCoy discovers the career of Francis Oge, the head of the Élysée Palace, the French White House. Be sure to tune in to “Nomad with Carlton McCoy” premiering on CNN this Sunday at 10 p.m. ET/PT.

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Oil Updates — Crude Climbs; US drillers add oil and gas rigs; EU proposes changes to planned Russian embargo http://lostnomad.org/oil-updates-crude-climbs-us-drillers-add-oil-and-gas-rigs-eu-proposes-changes-to-planned-russian-embargo/ Sun, 08 May 2022 07:00:10 +0000 http://lostnomad.org/oil-updates-crude-climbs-us-drillers-add-oil-and-gas-rigs-eu-proposes-changes-to-planned-russian-embargo/

RIYADH: Oil prices rose nearly 1.5% on Friday, posting a second consecutive weekly increase as looming EU sanctions on Russian oil raised fears of a supply crunch and pushed traders ignore concerns about global economic growth.

Brent crude futures rose $1.49, or 1.3%, to settle at $112.39 a barrel. U.S. West Texas Intermediate crude rose $1.51, or 1.4%, to end at $109.77 a barrel.

US drillers add oil and gas rigs for seventh consecutive week – Baker Hughes

U.S. energy companies last week added oil and gas rigs for a seventh straight week amid high prices and government incentives, though most shale producers prioritized shareholder returns rather than new production expenses.

The number of oil and gas rigs, an early indicator of future production, rose by seven to 705 in the week to May 6, its highest level since March 2020, the service company said on Friday. Energy Baker Hughes Co. in its closely followed report.

Baker Hughes said the total number of platforms increased by 257, or 57%, compared to the same period last year.

U.S. oil rigs rose five to 557 this week, their highest since April 2020, while gas rigs gained two to 146, their highest since September 2019.

Since Moscow invaded Ukraine on February 24, the US government has urged drillers to produce more oil and gas to reduce domestic prices and help allies break their dependence on Russian energy. .

Even though the number of rigs rose for a record 21 consecutive months through April, weekly increases were mostly single digits and oil production is still well below pre-COVID-19 record highs. pandemic.

Crude production in the United States, which reached a record 12.3 million barrels per day in 2019, is expected to increase from 11.2 million bpd in 2021 to 12.0 million bpd in 2022 and 13.0 million bpd in 2023, according to federal energy data.

This week, major shale producers in the United States reported bumper first-quarter profits and most poured cash into higher dividends and share buybacks as oil prices hit record highs. For years.

But with oil prices up around 47% so far this year to around $110 a barrel, after climbing 55% in 2021, a growing number of energy companies have said they plan to increase their capital expenditure for the second consecutive year in 2022.

U.S. financial services firm Cowen & Co. said the independent exploration and production companies it tracks expect to increase spending by around 29% in 2022 from 2021 after increasing spending by about 4% in 2021 compared to 2020.

This follows a drop in capital spending of around 48% in 2020 and 12% in 2019.

US investment bank Piper Sandler expects the total number of rigs in the US to average 684 in 2022 and 783 in 2023. That compares to an average of 478 in 2021, according to Baker Hughes.

The average annual rig count peaked at 1,919 in 2012 and hit a record high of 433 in 2020, according to Baker Hughes data dating back to 1988.

EU changes oil sanctions plan against Russia: sources

The EU has offered to modify its planned Russian oil embargo to give Hungary, Slovakia and the Czech Republic more time to redirect their energy supplies, EU sources said, although that they failed to make a breakthrough on May 6.

The EU executive this week announced the embargo in its toughest set of sanctions yet against Russia over the conflict in Ukraine. But Hungary and other EU member states have said they are worried about the impact on their own economies.

The amended proposal – which EU envoys discussed on the morning of May 6 without reaching an agreement – would help the three countries upgrade their refineries to process oil from elsewhere and delay their exit from Russian oil until 2024, they said. indicated the sources.

The initial proposal called for an end to European imports of Russian crude oil and petroleum products by the end of this year.

There would also be a three-month transition before banning EU shipping services from carrying Russian oil, instead of the initial month – to address concerns raised by Greece, Malta and Cyprus about their shipping companies, said added one of the sources.

Diplomats said the talks were complex, but many said they were confident the 27 EU governments could agree before next week.

One said the Commission was in talks on Friday afternoon to find a compromise with Budapest and possibly Bratislava.

“I don’t think we’ll see a breakthrough today, more likely this weekend,” the diplomat said.

According to the initial proposal, most EU countries were to stop buying Russian crude oil six months after the measures were adopted and to stop imports of refined petroleum products from Russia by the end of the year. year. Hungary and Slovakia initially had until the end of 2023 to adapt.

According to the changes, Hungary and Slovakia could buy Russian oil from pipelines until the end of 2024, and the Czech Republic could continue until June 2024, if it does not obtain oil via a pipeline. from southern Europe earlier, the sources said.

Bulgaria had also asked for waivers, if others got them, but was not offered any concessions on deadlines, “because they don’t really matter”, an official said. The other three countries that have been given more leeway “have an objective problem”, the official added.

One of the sources said the extended deadlines were calculated on likely construction times for pipeline upgrades. The official said Hungary and Slovakia only account for 6% of EU oil imports from Russia, and the exemptions would not change the impact of the ban on the Russian economy.

Top EU diplomat Josep Borrell said on Friday he would call an extraordinary meeting of EU foreign ministers next week if no deal was reached by the weekend.

Ukraine calls for a total Russian embargo

Meanwhile, Ukrainian Finance Minister Serhiy Marchenko on May 6 called for a full international embargo on Russian oil and gas following Moscow’s invasion of Ukraine.

Marchenko told an online briefing that Ukraine was struggling to balance its budget after 10 weeks of war and said as finance minister he could not be happy with how quickly the Financial aid came from abroad.

Referring to what he called “the inadequacy of the sanctions that have been introduced”, he said the high price of oil and natural gas meant that Moscow had a budget surplus and “they feel quite easy”.

“The main issue is a complete embargo on the purchase of gas and oil from the Russian Federation. This is something that needs to be worked on and that the Ukrainian authorities are actively working on,” he said. “This will remove the possibility of financing the war.”

(With contributions from Reuters)

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Thanks to COVID-19, holiday homes are now open for business http://lostnomad.org/thanks-to-covid-19-holiday-homes-are-now-open-for-business/ Sat, 07 May 2022 20:31:31 +0000 http://lostnomad.org/thanks-to-covid-19-holiday-homes-are-now-open-for-business/

RIYADH: Halting Russian gas supplies to Germany would trigger a deep recession and cost half a million jobs, a senior economist said in an interview published on Tuesday, as Europe’s biggest economy tries to cut Russian energy imports.

Achim Truger, a member of the German Council of Economic Experts, said German industry could suffer serious long-term damage if Russian President Vladimir Putin decides to cut gas exports to Germany.

“By most calculations, the end of gas supplies from Russia would trigger a deep recession. Half a million jobs could be lost,” Truger told the Rheinische Post daily.

Last month, Russia’s gazprom cut off gas from Poland and Bulgaria for refusing to pay in rubles and threatened to do the same to others, raising fears it could take similar action against Germany .

Russian gas accounted for 55% of Germany’s imports last year, and Berlin has come under pressure to cut a trade relationship that critics say helps fund Russia’s war in Ukraine.

Truger also said it would take a long time for inflation in Germany to come down again.

“Excessive inflation will continue through 2023,” he said.

German inflation hit its highest level in more than four decades in April, pushed higher by a surge in prices for natural gas and petroleum products since Russia invaded Ukraine.

Japanese household spending

Japanese household spending fell 2.3% in March from a year earlier, government data showed on Tuesday, marking the first drop in three months.

It compares with economists’ median estimate of a 2.8% decline.

Romania raises interest rates

Romania’s central bank raised its benchmark interest rate 75 basis points higher than expected to 3.75% on Tuesday and warned inflation would remain in double digits until the second half of 2023.

The bank raised its lending facility rate to 4.75% from 4.00% and its deposit rate to 2.75% from 2.00%, and said it would retain firm control over the liquidity of the market.

A majority of analysts polled by Reuters had expected a 50 basis point hike, while some saw a larger increase of one percentage point.

Rise in retail volumes in Australia

Australian retail sales volumes beat forecasts in the March quarter even as prices for many goods rose sharply, indicating resilient consumer demand and a strong start to the economy this year.

Data from the Australian Bureau of Statistics released on Tuesday showed first-quarter retail sales rose 1.2% inflation-adjusted from the previous quarter, beating market forecasts of a 1% gain.

Sales rose 4.9% year-on-year to a record A$93.19 billion ($64.51 billion), with cafes, restaurants and takeaways seeing the biggest increase as that coronavirus restrictions have eased.

Malaysia’s industrial production

Malaysia’s industrial production in March rose 5.1% from a year earlier, above forecasts, government data showed on Tuesday.

March industrial production is expected to rise 4.8%, according to 12 economists surveyed in a Reuters poll.

The production of Italian industry stagnates

Italy’s industrial production held up much better than expected in March, posting a flat reading from the previous month after a 4% jump in February, data showed on Tuesday.

A Reuters survey of 16 analysts had indicated a decline of 1.9% in March.

On a working day-adjusted annual basis, industrial production rose 3.0%, following an annual rise of 3.4% the previous month, the national statistics office ISTAT reported.

However, in the first three months of the year, production fell by 0.9% compared to the last quarter of 2021, ISTAT said.

In March, production of consumer goods, capital goods and energy products increased month on month, while intermediate goods fell.

The eurozone’s third-largest economy contracted 0.2% in the first quarter, hit by COVID-19-related restrictions earlier in the year, followed by uncertainty and high commodity prices related to the war in Ukraine.

Mario Draghi’s government last month slashed its forecast for Italy’s gross domestic product growth this year to 3.1% from 4.7% in September.

With contributions from Reuters

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Qatari investors are increasingly turning to Cypriot real estate http://lostnomad.org/qatari-investors-are-increasingly-turning-to-cypriot-real-estate/ Fri, 06 May 2022 15:07:00 +0000 http://lostnomad.org/qatari-investors-are-increasingly-turning-to-cypriot-real-estate/

Qatari investors and business leaders are making Limassol their second business headquarters, allowing them to access the European Union (EU) market.
Sales of the developer’s latest high-end development, Limassol Blu Marine, now stand at €100 million, of which 4% has been generated by buyers from Qatar.
No less than 7% is generated by buyers from the United Arab Emirates, 6% from Jordan, 4% from Egypt, 3% from Kuwait and 2% from Saudi Arabia.
Limassol is the second largest city in Cyprus and is renowned for its entrepreneurial spirit with many thriving businesses in the service, finance, technology and healthcare sectors.
The introduction of the accelerated business activation mechanism, the employment of third-country nationals, work permits for spouses, considerable savings on corporate and personal taxes, access to European markets EU and digital nomad visas are attracting all businesses from the Middle East to this uniquely connected and positioned country.
Businesses based in the Middle East and North Africa looking to expand their operations in Cyprus can take advantage of office space at Limassol Blu Marine, a development in the heart of the city, which offers luxury residences and open offices in one place.
“Limassol offers a robust business environment, a diverse workforce and is a strong international business hub with ties to the UK, Middle East and Western Europe,” said Pantelis Leptos. , co-chairman of Leptos Group of Companies, a leading real estate developer. in Cyprus and Greece.
Commercial space in Limassol Blu Marine starts at €7,800 per m². A one-bedroom apartment in Limassol Blu Marina is available from €655,000, two-bedroom apartments from €1.07 million and three-bedroom apartments from €1.28 million .
The new district of Aktaia Odos has been planned with modern residential and commercial properties, mixed with attractive tourist and leisure options that are located in green spaces, with cycle paths and pedestrian walkways. In line with the CIPA (Cyprus Investment and Promotion Agency) strategy, the area is set to become a hub for international corporate headquarters with the creation of some 14,000 new jobs.

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Asian stocks hit 7-week low as China doubles on zero-COVID-19: Reuters http://lostnomad.org/asian-stocks-hit-7-week-low-as-china-doubles-on-zero-covid-19-reuters/ Fri, 06 May 2022 06:41:58 +0000 http://lostnomad.org/asian-stocks-hit-7-week-low-as-china-doubles-on-zero-covid-19-reuters/

Asian stocks fell to their lowest level in seven weeks on Friday and the dollar held firm as investors around the world avoided riskier assets on fears that rising US interest rates and strengthening China of its zero-COVID policy will hurt growth harshly, according to Reuters.

MSCI’s broadest index of Asia-Pacific stocks outside Japan shed 2.65% on Friday and fell to its lowest level since March 16, the day Chinese Vice Premier Liu He pushed shares higher. by committing to support the markets and the economy.

The benchmark is down 3.8% from last Friday’s close, which would be its worst week since mid-March. The Japanese Nikkei bucked the trend, rising 0.56% as it returned from a three-day vacation.

Chinese blue chips lost 2%, the Hong Kong benchmark lost 3.44% and the Chinese yuan fell to an 18-month low in both onshore and offshore markets.

Dickie Wong, director of research at Hong Kong brokerage Kingston Securities, attributed the falls to Wall Street falling overnight amid worries about aggressive U.S. rate hikes, as well as fears about the health of the Chinese economy.

China will fight all comments and actions that distort, doubt or deny the country’s COVID-19 response policy, state television reported Thursday, after a meeting of the country’s top decision-making body.

Investors said that appeared to rule out any easing of the zero COVID policy, which is slowing Chinese economic growth and scolding global supply chains.

“The silver lining is the expectation that new Chinese tax measures may come out over the weekend,” Wong said. “It’s the only thing giving Asian markets some support at their current low valuations.”

Overnight, the Dow Jones Industrial Average and S&P 500 both fell more than 3%, and the Nasdaq Composite lost 4.99% in its biggest one-day drop since June 2020.

Things looked less dire in Europe, where regional stock futures fell 0.25% and FTSE futures lost 0.27%. US futures were flat.

“Risks remain high for a policy mistake – either because (the Fed) is not tightening fast enough to fight inflation, or by being too hawkish, leading to the end of the current economic cycle,” David Chao said. , global market strategist for ex-Japan APAC. at Invesco.

US payrolls data, due later on Friday, will help traders gauge the strength of the economy.

According to the CME’s FedWatch tool, the market is pricing an 87% chance of a monstrous 75 basis point rate hike from the Fed at its June meeting. That’s even after the Fed hiked rates 50 basis points this week and Chairman Jerome Powell ruled out a 75 basis point hike.

US yields rise on expectations of a rapid pace of rate hikes. The yield on US 10-year bonds was 3.065% after crossing 3.1% overnight for the first time since November 2018.

As investors turned to less risky assets, the dollar index was at 103.75 on Friday, after hitting a new 20-year high at 103.94 overnight, buoyed by expectations that states will raise interest rates faster than other central banks.

The dollar index is up 0.43% this week, its fifth straight week of gains.

The pound was trading around its lowest level against the dollar in almost two years after falling 2.2% on Thursday. The Bank of England raised rates by 25 basis points as expected, but two politicians expressed caution about rushing future rate hikes.

Bitcoin, one of the most risk-friendly assets, fell 8% overnight, hitting a two-and-a-half-month low. It was last trading around $36,500.

Oil prices shrugged off worries about global economic growth as worries about tighter supply supported prices ahead of the impending EU embargo on Russian oil.

Brent crude futures rose 0.6% to $111.57 a barrel. U.S. crude rose 0.64% to $108.95 a barrel.

Gold was steady at $1876.4 an ounce.

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Kuala Lumpur ranks ahead of Singapore, Jakarta and Hong Kong among the best Asian cities for digital nomads http://lostnomad.org/kuala-lumpur-ranks-ahead-of-singapore-jakarta-and-hong-kong-among-the-best-asian-cities-for-digital-nomads/ Fri, 06 May 2022 01:04:33 +0000 http://lostnomad.org/kuala-lumpur-ranks-ahead-of-singapore-jakarta-and-hong-kong-among-the-best-asian-cities-for-digital-nomads/

In the world ranking, Kuala Lumpur ranks 18and between cities like Chicago, Barcelona and Ho Chi Minh City. In the Asian ranking, Kuala Lumpur occupies third place, behind Bangkok and Seoul; while Singapore ranks 31st.

Kuala Lumpur, Malaysia is among the top 20 places to work for digital nomads, according to Instant desktop Best places to be a digital nomad in 2022 survey. Ranked 18th globally, it ranks among cities such as Chicago (16and), Barcelona (15and), and Ho Chi Minh City (21st).

Its Asian counterparts – such as the cities of Jakarta (Indonesia). Delhi (India) and Hong Kong – on the other hand, rank higher in the top 25, in the 25and22n/aand 23rd place respectively. First place goes to Lisbon, Portugal, followed by Bangkok, Thailand; Thessaloniki, Greece, and Dallas in the United States.

Across the border, neighboring Singapore ranks 31st.

Specific to the Asian region, Singapore takes the 11and position – in front of the cities of Japan (Tokyo, Osaka and Kyoto), the Philippines (Manila) and the city of Taiwan. Meanwhile, Bangkok, Thailand continues its best ranking at number one, ahead of Seoul, South Korea; Kuala Lumpur, Malaysia; Ho Chi Minh City, Vietnam and Delhi, India.

To understand how cities are assessed and ranked, the survey noted in its methodology that rankings are calculated using proprietary Instant Office data, as well as factors such as mobile and broadband connection speed; the number of Wi-Fi access points; average annual sunshine hours; the average cost of an inexpensive meal and coffee; the average cost of an Airbnb accommodation, and the quality of life.

So Bangkok is

The office’s consultancy organization explained that Bangkok’s high ranking – globally and in Asia – can be attributed to its offering of “stunning local cuisine and vibrant street markets” which are complemented by “over 15,000 Wi-Fi hotspots” and “some of the most affordable housing of any city surveyed.” According to calculations, the average cost of an Airbnb accommodation in Bangkok, for example, is 27 GBP (about S$46.60) per night.

For those wishing to work further afield, Lisbon may be a city worth considering. Noted in the survey, it is “the perfect option” for “delicious and cheap food, good weather and scenery”, and the city has “excellent infrastructure”. On top of that, Lisbon is also described as ‘one of the sunniest places in Europe’ and ‘a foodie’s paradise, with local markets and freshly caught seafood available on virtually every corner. “.

Not to mention, it has “over 7,000 Wi-Fi hotspots and an average broadband speed of 163Mbps” – tagged in the survey as “ideal for soaking up the sun and surfing while working”.

And the others ?

Besides Thailand, the survey also revealed that Seoul, South Korea, Kuala Lumpur, Malaysia, Singapore and Hong Kong are destinations that “offer captivating travel experiences, scenery and food, as well as stellar connectivity, infrastructure and a manageable cost of living”. .

As such, the cities are “perfect for digital nomads who want to explore some of the world’s most iconic business hubs and enjoy a continent full of exciting travel opportunities and sights”, noted the investigation.

ICYMI: Top 20 most attractive cities for digital talent: Kuala Lumpur enters the top 30 for the first time


Rankings

At a glance, the top 10 cities (worldwide) are:

  1. Lisbon, Portugal
  2. Bangkok, Thailand
  3. Thessaloniki, Greece
  4. Dallas, United States
  5. San Antonio, United States
  6. Seville, Spain
  7. Seoul, South Korea
  8. Sydney, Australia
  9. Athens, Greece
  10. Budapest, Hungary

And the top 10 cities (Asia) are:

  1. Bangkok, Thailand
  2. Seoul, South Korea
  3. Kuala Lumpur, Malaysia
  4. Ho Chi Minh City, Vietnam
  5. Delhi, India
  6. Hong Kong, Hong Kong
  7. Beijing, Mainland China
  8. Jakarta, Indonesia
  9. Kathmandu, Nepal
  10. Shanghai, Mainland China

READ ALSO: Singapore ranks 9th best city for facilitating remote working, just behind ANZ and European cities


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]]> The Cyprus Digital Nomad Visa Program – Work Visas http://lostnomad.org/the-cyprus-digital-nomad-visa-program-work-visas/ Thu, 05 May 2022 13:18:45 +0000 http://lostnomad.org/the-cyprus-digital-nomad-visa-program-work-visas/ To print this article, all you need to do is be registered or log in to Mondaq.com.

As part of the Government’s strategy to attract businesses for business or/and expansion of their business in Cyprus, on October 15, 2021, the Council of Ministers approved the implementation of a Digital Nomad program in Cyprus. Cyprus for issuing 100 temporary residence permits, subsequently increased to 500 in March 2022.

The Visa Program for Digital Nomads in Cyprus

The “Cyprus Digital Nomad Visa” scheme allows non-EU and non-EEA nationals to reside temporarily in the Republic of Cyprus, provided that they can carry out work using telecommunications technology for businesses or clients registered in the Republic of Cyprus. abroad for whom they can work independently of location, or are self-employed providing remote services for clients located abroad and can demonstrate stable and sufficient net monthly income of at least EUR 3,500.

Eligibility for the visa regime

People who can benefit from this scheme are third-country nationals who can carry out work remotely using telecommunications technology, employed in a company registered abroad for which they can work regardless of location, or are workers freelancers offering remote services for clients located abroad and can demonstrate stable and sufficient net monthly income of at least EUR 3,500.

Holders of a Digital Nomad residence permit will benefit from a right of residence in the Republic for 1 year, with the possibility of renewal for 2 additional years and a right of residence for family members, for the same duration as the Digital Nomad, without the right to be employed or engage in economic activity in Cyprus.

Holders of this permit may also be considered tax residents of Cyprus, provided they reside in the Republic for one or more periods exceeding a total of 183 days in the same tax year and are not considered as tax residents by any other state.

Family members

Family members (of a Digital Nomad permit holder may reside in Cyprus for the same period as the Digital Nomad, provided that a temporary residence permit is obtained, without the right to be employed or exercise an economic activity in the Republic.

Depending on the program, family members of a digital nomad include spouse or civil union partner and minor children.

The Procedure for Obtaining a Cyprus Digital Nomad Visa

The application for acquiring a Cypriot digital nomad visa must be submitted to the Department of Civil Status and Migration in Nicosia within 3 months of the applicant’s arrival in the Republic.

People who legally reside in the Republic under a different status can also apply to obtain a temporary residence permit as a digital nomad, at the Department of Civil Status and Migration at Nicosia.

For the issuance of a Digital Nomad residence permit, the applicant must go to the Department of Migration in Nicosia or to the district unit of the Aliens and Immigration Service of the police in the district of his residence to provide his biometric characteristics (fingerprints and photographs) and signature.

Cyprus Digital Nomad Visa Review Period and Validity

The examination period for this permit lasts approximately 5 to 7 weeks and the fee for issuing or renewing a temporary residence permit is €70. There is also a tax of €70 for registration in the foreigners’ register (applicable only in the case of first registration).

The temporary residence permit as a Digital Nomad is valid for 1 year and can be renewed with a validity of up to 2 years.

Applications for renewal of this permit must be submitted to the Department of Civil Status and Migration in Nicosia, at least 1 month before the expiry of the temporary residence permit.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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Boundless Life secures $2 million seed round to help families transition to digital nomad lifestyle http://lostnomad.org/boundless-life-secures-2-million-seed-round-to-help-families-transition-to-digital-nomad-lifestyle/ Wed, 04 May 2022 18:11:15 +0000 http://lostnomad.org/boundless-life-secures-2-million-seed-round-to-help-families-transition-to-digital-nomad-lifestyle/ Boundless claims no competition, targeting budding digital nomads with kids.

Boundless Life, headquartered in Montreal, secured $2 million in all-equity SAFE seed funding from a combination of venture capitalists, angel investors and labor unions.

“The work they were doing in a cubicle in an office can be done from anywhere, so why not explore the world?”
–Marcos Carvalho

US investment firm IDEA Fund Partners led the round, with participation from Anges Québec, Avalanche VC, CUBD Ventures, Massive VC, GV Angels, several founding families and investors in the real estate and education from Europe, North America, South America and Asia. .

Boundless has also received recognition checks from Lightspeed Venture Partners and Sequoia Capital. Scout checks are provided by large funds for angel investors and operators to invest in a company or project they trust, allowing the venture capitalist to get to know the recipient company before its round of series A. Sequoia launched one of the first scouting programs over a decade ago, which has since been copied by other venture capitalists.

Launched in February by serial entrepreneurs Mauro Repacci and Marcos Carvalho, Boundless is aimed at families looking to transition into digital nomad lifestyles. Digital nomads are people who work remotely while simultaneously traveling around the world. Approaching this way of life can be complicated, especially with children. Boundless’ solution is to provide a network of “carefully designed” communities located in different parts of the globe where people can live and work, while children can continue their education in an education system that follows them wherever they go.

RELATED: Can the Feds Develop a Talent Strategy for Digital Nomads?

Inspired by the Finnish school system, the Boundless program allows students aged 1 to 12 to participate in global cohorts where their studies are adapted to the culture of the country they are visiting.

All students’ school work and activities are documented in the Boundless Briefcase, a platform that collects children’s work that can be presented to secondary or post-secondary institutions upon graduation.

To provide a personalized experience, Boundless collects data from its users through multiple surveys before and during their travels. The company leverages their information, which includes families’ preferences for sports, properties, as well as medical needs, to “automate the transition to the nomadic lifestyle,” according to Carvalho.

Families can choose between different types of packages offered by Boundless, ranging from a month-long getaway to a full year.

Carvalho told BetaKit that the COVID-19 pandemic has shown people they can work wherever they want, leading them to rethink the future of work and education.

“Now people are really tired of staying in one place,” he said. “They realize they don’t need to live that nine to five [lifestyle]and that the work they used to do in a cubicle in an office can be done from anywhere, so why not explore the world? »

Carvalho also said that Boundless has no direct competition because the company positions itself in a niche market, targeting people who have children. He claimed that there are digital nomad services for families, but no one integrates an education system like Boundless.

Boundless isn’t Carvalho’s first startup. As a serial entrepreneur, he also co-founded NestReady with his Boundless co-founder Repacci. NestReady, which is a home relocation platform that matches people with their suitable neighborhoods, was acquired by Homebot last year. Boundless represents the third venture Repacci and Carvalho have worked on together.

RELATED: Acquisitions Recap: Semios, Lone Wolf, Pluribus, Graph Blockchain, Frenter, NestReady

After building a number of different businesses, Carvalho and Repacci wanted to take a break and live a “no limits” lifestyle, but then realized it was complicated to do so with children.

To provide a solution, Carvalho and Repacci began working on Boundless in early 2020 and surveyed thousands of families to understand their transition needs to become digital nomads.

Now, Boundless operates in Sintra, Portugal, with the next location in Greece by June. By September, Boundless plans to operate in Tuscany and Spain by the end of the year. Carvalho said Boundless will begin exploring other destinations, such as Bali and Costa Rica, next year. The travel startup’s goal is to have 30 destinations in three years.

Backed by new funding, Boundless plans to expand its team with real estate experts around the world as well as educators.

Image courtesy of Boundless Life.

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