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Golden Visas: the four European countries where you can still get citizenship by buying property
Four European countries still offering golden visas to property buyers
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India Today
28 minutes ago
- India Today
Indian tourist's ‘mat aao Europe' video goes viral, sparks debate
An Indian tourist's honest take on Europe's summer heat has sparked debate online. Sharing a video on Instagram, he urged travellers to rethink their plans and skip Europe during peak summer clip shared by Bulbul Pandey is titled 'Mat aao Europe (Don't come to Europe)'. In it, Bulbul describes the struggles of travelling across European cities in the harsh summer garmi hai. Jo log bhi Europe aana chahte hain ghoomne, please mat aao (It's way too hot here. Those planning to visit Europe during summer vacations, please don't),' he said in the video. Bulbul pointed out that many European hotels and apartments have no air conditioning - not even fans - despite charging hefty rates. He compared the rooms to tiny boxes, saying, 'Dabbe jaise chhote chhote kamre hain yahan par vo bhi itne mehengey (The rooms are so small like boxes and still very expensive).'He also spoke about the unpleasant side of some European streets, claiming that in several areas, the air smells foul, even like urine at times. And for those hoping to stay hydrated, he warned that even a small water bottle could cost between 2 to 2.5 euros (Rs 200 to 250 approximately).Sharing his regret, he said, 'I am so regretting my decision to come here during this time. Imagine carrying your belongings without AC or fan in this burning hot weather.' He recommended visiting Europe in September or October concluded with a brutally honest suggestion: it's better to 'stay in India and enjoy the monsoon season' than struggle in Europe's heat without the the video here: View this post on Instagram A post shared by Bulbul Pandey (@pandeyjipardesi)The video has stirred debate online. Several users backed his observations, calling the struggles real.'He is absolutely right. Majority of cafs and restaurants didn't even have fans, let alone AC. Not a good idea to visit during summer. Even the cheapest hotel in India has a fan or cooler,' a user shared, describing similar experiences in Italy and user wrote, 'My daughter lives in Germany... she says the same. She bought a fan and an air cooler.''Mat jao European countries. India is best with all seasons at a good price. Sirf hype hai Europe ka,' one of the users said. But not everyone agreed. A user countered, 'I don't know which part of Europe you went to. No doubt it's warm, but there are ACs on the trains, trams, buses and in hotels. It's beautiful. Don't spread rumours. I was there last week, and it was amazing.'advertisementSee the comments here: While Europe remains a dream destination for several travellers out there, this viral video serves as a reminder that timing - and honest expectations - could make or break a holiday.- EndsTrending Reel
The Journal
31 minutes ago
- The Journal
China hits EU with reciprocal ban on major medical equipment contracts
CHINA HAS HIT back at an EU ban on Chinese firms from major medical equipment purchases with a similar bar on European companies in the latest trade salvo between the two economies. China's finance ministry said in a statement that European Union companies, with the exception of 'those with European capital established in China, will have to be excluded' from orders of more than 45 million yuan (€5.3 million). China's ban, which comes into effect from today, covers a wide range of products, from prosthetic devices and parts to medical machinery and surgical instruments. Chinese Foreign Minister Wang Yi visited the EU's headquarters, as well as France and Germany, over the past week in a bid to improve relations with the 27-member bloc. However, deep frictions remain over economic ties, including a yawning trade deficit reaching into hundred of billions of euro between China and the EU. Advertisement Beijing's finance ministry also specified that the proportion of products from the EU could not exceed 50 percent in bids from non-European companies. The EU drew an angry response from Beijing, and an accusation of double standards, when it banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said at the time the ban was a reaction to 'China's longstanding exclusion of EU-made medical devices from Chinese government contracts'. According to Brussels, just under 90 percent of public procurement contracts for medical devices in China 'were subject to exclusionary and discriminatory measures' against EU firms. 'China has repeatedly expressed, through bilateral dialogue, its willingness to resolve these disputes appropriately through consultations, dialogue and bilateral arrangements in the field of public procurement,' China's commerce ministry said in a separate statement. Over the last three years, Brussels and Beijing have come into conflict in a number of economic sectors, including electric cars, the rail industry, solar panels and wind turbines. With reporting by © AFP 2023 Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
Mint
34 minutes ago
- Mint
Dollar Doubters Seed Historic Gains for Developing World Debt
(Bloomberg) -- US policy volatility has sent money managers scouring the world for alternatives, propelling local bonds from emerging-market countries to their best first half in 16 years. The surge in demand for fixed-income assets in EM currencies is largely the flip side of sinking confidence in the US dollar, which has tumbled almost 11% this year. That's its worst performance since the 1970s, and the losses are across the board, with the greenback falling against 19 of the 23 most-traded emerging-market currencies, and by at least 10% against 10 of them. The upshot is that an index of emerging-market local debt has returned more than 12% in the first half of the year, according to data compiled by Bloomberg, beating hard-currency bonds, which were up 5.4% in the same period. The first-half gains were the strongest since at least 2009. 'I don't think anyone had this much dollar weakness on their bingo card,' said Edwin Gutierrez, head of emerging-market sovereign debt at Aberdeen Group Plc. 'We thought local-currency debt would outperform hard-currency, but not by the magnitude that it ended up.' The money is flowing in unprecedented amounts. EM-debt funds attracted more than $21 billion so far this year, Bank of America Corp. said on Wednesday, citing EPFR Global data. These funds drew inflows for each of the past 11 weeks and $3.1 billion in the week through July 2. Boosting the case further is the prospect of interest-rate cuts in developing countries, according to Lewis Jones, a debt manager at William Blair Investment Management in New York. 'We expect more capacity from emerging central banks to cut rates, and also the trend of a weaker dollar versus the euro to continue,' he said. 'For European investors it could look more attractive looking forward.' Latin American economies have handed investors some of their best returns, with Mexico's local bonds, known as Mbonos, generating a gain of 22%, while some of Brazil's government bonds have returned more than 29%. The Brazilian notes bounced following a sharp selloff late last year, while traders piled into bets that policymakers are done with their hiking cycle. 'We remain invested in Mexican bonos, the trade is not over for us,' said Adriana Cristea, senior investment manager at Pictet Asset Management, adding that the firm has positions in local bonds across emerging markets regions, from Latin America to EMEA and Asia. Improving economic fundamentals in some emerging markets may also bring new issuers to the market. Ghana, Africa's top gold producer, is planning to resume domestic bond sales later in 2025 after short-term borrowing costs fell to the lowest in three years. Easing tensions between Israel and Iran also boost the investment case for local debt from the developing world. Despite the rally, Aberdeen's Gutierrez isn't yet looking to take profits on positions in EM local debt. He said his main overweights are Colombia, the Philippines and South Africa. More broadly, investors favor Brazil, South Africa and Turkey, BofA's head of global emerging markets fixed-income strategy David Hauner wrote in a note on July 3 based on feedback from clients. 'It will be a multi-year process' of rethinking US exposure, said Brad Godfrey, co-head of emerging markets debt at Morgan Stanley Investment Management, who helps oversee $20.6 billion. 'It will be a relearning process for some people that hadn't been exposed to local in a while.' --With assistance from Selcuk Gokoluk and Srinivasan Sivabalan. More stories like this are available on
