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Where are all the Chinese tourists?⁠
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Tens of thousands of Chinese tourists are shunning the US as a holiday destination, and companies from Tiffany to Hyatt Hotels are counting the cost.⁠
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Tourists from China hold special appeal for US business because of how much they spend. Including the costs of flights and accommodation each one splurges on average $7,000 per visit, according to data cited by the US Travel Association.⁠
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After several years of double-digit growth, however, Chinese visitor numbers rose only 4% in 2017 and last year they declined for the first time since 2003. There were 2.99m arrivals in 2018, a drop of 6% from the previous year. The weakness is continuing this summer, according to leading US business executives, who say the slowdown is weighing on profits.⁠
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“It’s a significant worry, given China has represented so much of the growth in international tourism over the past decade,” said Adam Sacks, president of Tourism Economics.⁠
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Tap the link in our bio to read more. ⁠
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#FT #FinancialTimes #China #US #tourism ⁠
 #charts #infographic #design  #travel #travelgram #instatravel #tourist #traveling #vacation #trip.

Where are all the Chinese tourists?⁠ ⁠ Tens of thousands of Chinese tourists are shunning the US as a holiday destination, and companies from Tiffany to Hyatt Hotels are counting the cost.⁠ ⁠ Tourists from China hold special appeal for US business because of how much they spend. Including the costs of flights and accommodation each one splurges on average $7,000 per visit, according to data cited by the US Travel Association.⁠ ⁠ After several years of double-digit growth, however, Chinese visitor numbers rose only 4% in 2017 and last year they declined for the first time since 2003. There were 2.99m arrivals in 2018, a drop of 6% from the previous year. The weakness is continuing this summer, according to leading US business executives, who say the slowdown is weighing on profits.⁠ ⁠ “It’s a significant worry, given China has represented so much of the growth in international tourism over the past decade,” said Adam Sacks, president of Tourism Economics.⁠ ⁠ Tap the link in our bio to read more. ⁠ ⁠ #FT #FinancialTimes #China #US #tourism#charts #infographic #design #travel #travelgram #instatravel #tourist #traveling #vacation #trip ...

FT Photo Diary 📸: Swiss pianist and composer Alain Roche performs “Chantier” suspended in the air with his grand piano under a moving crane during the 20th

FT Photo Diary 📸: Swiss pianist and composer Alain Roche performs “Chantier” suspended in the air with his grand piano under a moving crane during the 20th "Jeux du Castrum", a multidisciplinary festival that runs until August 18 in Yverdon-les-Bains, Switzerland. ⁠ ⁠ 📸: Fabrice Coffrini/AFP/Getty Images⁠ ⁠ #music #festival #switzerland #performance #pianist#performanceart #musician #artist #summer ...

The US yield curve inverted this week for the first time since 2007, a bad omen that has preceded every recession in the country since the second world war and a move that rattled financial markets across the globe. Here's why: 🔸🔸🔸
The yield curve is essentially a reflection of the distilled wisdom of millions of investors — from individual savers to money managers on Wall Street. Although seemingly obscure, it enjoys a cult following among many investors as the leading market forecaster of recessions. Normally, countries should pay less to borrow money for shorter time periods. When this relationship flips, it has historically been a warning of economic downturns to come. 
Now, experts are worried that the countdown to the next recession may have just begun. 
For more on what could happen next and what the trade war has to do with it, click the link in our bio.

#FT #FinancialTimes #chart #charts #yield #yieldcurve.

The US yield curve inverted this week for the first time since 2007, a bad omen that has preceded every recession in the country since the second world war and a move that rattled financial markets across the globe. Here's why: 🔸🔸🔸 The yield curve is essentially a reflection of the distilled wisdom of millions of investors — from individual savers to money managers on Wall Street. Although seemingly obscure, it enjoys a cult following among many investors as the leading market forecaster of recessions. Normally, countries should pay less to borrow money for shorter time periods. When this relationship flips, it has historically been a warning of economic downturns to come. Now, experts are worried that the countdown to the next recession may have just begun. For more on what could happen next and what the trade war has to do with it, click the link in our bio. #FT #FinancialTimes #chart #charts #yield #yieldcurve ...

FT Photo Diary 📸: Offerings of paper houses and other replicas of wealth burn on a boat at Hong San Koo Tee Temple in Surabaya, to mark the Hungry Ghost Festival. The festival, widely known as Zhong Yuan Jie among Taoists and Buddhists respectively, is held in certain Asian countries and observed on the 15th day of the

FT Photo Diary 📸: Offerings of paper houses and other replicas of wealth burn on a boat at Hong San Koo Tee Temple in Surabaya, to mark the Hungry Ghost Festival. The festival, widely known as Zhong Yuan Jie among Taoists and Buddhists respectively, is held in certain Asian countries and observed on the 15th day of the "Ghost's Month". ⁠ ⁠ 📸: Juni Kriswanto/AFP/Getty Images ⁠ ⁠ #festival #fire #burning #temple #buddhism #ghostsmonth #hungryghostfestival #indonesia #culture #religion #taoist ...

Here's some grim news: unexpectedly high levels of microplastics have been found in fresh snow in some of the world's most isolated areas. Samples from remote Arctic and Alpine areas contained thousands of particles per litre — underlining the extent of potentially toxic contamination in the earth’s atmosphere.
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Scientists are just beginning to investigate the routes plastics take to end up in snow. Some come from sources on land, from paint particles to tiny fragments of rubber from car tyres that wear down. Some of these particles find their way into the sea, where they are broken up by waves and ultraviolet radiation before being swept up into the atmosphere. The microplastics are then captured from the air during cloud formation, when particles act as a nucleus around which supercooled droplets can condense, and as snowflakes drift to earth.

For more on how man-made materials wound up in fresh snow, click the link in our bio.
🔹
#FT #FinancialTimes #climatechange #pollution #plastic #microplastics #arctic #snow.

Here's some grim news: unexpectedly high levels of microplastics have been found in fresh snow in some of the world's most isolated areas. Samples from remote Arctic and Alpine areas contained thousands of particles per litre — underlining the extent of potentially toxic contamination in the earth’s atmosphere. 🔹 Scientists are just beginning to investigate the routes plastics take to end up in snow. Some come from sources on land, from paint particles to tiny fragments of rubber from car tyres that wear down. Some of these particles find their way into the sea, where they are broken up by waves and ultraviolet radiation before being swept up into the atmosphere. The microplastics are then captured from the air during cloud formation, when particles act as a nucleus around which supercooled droplets can condense, and as snowflakes drift to earth. For more on how man-made materials wound up in fresh snow, click the link in our bio. 🔹 #FT #FinancialTimes #climatechange #pollution #plastic #microplastics #arctic #snow ...

play_circle_filled Hong Kong’s airport was the scene of fierce brutality on Tuesday night after protesters forced check-in counters to close for the second time this week, cancelling hundreds of flights.

The mostly peaceful protests devolved into chaos in the evening, with police firing pepper spray and protesters detaining at least two men they suspected of being undercover police or agents. A video also showed one officer drawing his pistol.

Violence at the airport, which was the site of six successive days of protests, further deepened Hong Kong’s political crisis, its worst since the handover from the UK to China in 1997. Flights resumed on Wednesday, and the airport authority obtained an injunction to prevent the aviation hub from becoming the site of further demonstrations.

Tap the link in our bio to read more. 📸: Getty Images

#FT #FinancialTimes #hongkong #protests.

Hong Kong’s airport was the scene of fierce brutality on Tuesday night after protesters forced check-in counters to close for the second time this week, cancelling hundreds of flights. The mostly peaceful protests devolved into chaos in the evening, with police firing pepper spray and protesters detaining at least two men they suspected of being undercover police or agents. A video also showed one officer drawing his pistol. Violence at the airport, which was the site of six successive days of protests, further deepened Hong Kong’s political crisis, its worst since the handover from the UK to China in 1997. Flights resumed on Wednesday, and the airport authority obtained an injunction to prevent the aviation hub from becoming the site of further demonstrations. Tap the link in our bio to read more. 📸: Getty Images #FT #FinancialTimes #hongkong #protests ...

FT Photo Dairy 📸: Waves hit a sea wall in front of buildings in Taizhou, China's eastern Zhejiang province on August 9, 2019. China issued a red alert for Typhoon Lekima which battered the eastern province with high winds and torrential rainfall. ⁠
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📸: AFP/Getty Images⁠
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#FT #FinancialTimes #China #nature #photooftheday #clouds #rain #photography.

FT Photo Dairy 📸: Waves hit a sea wall in front of buildings in Taizhou, China's eastern Zhejiang province on August 9, 2019. China issued a red alert for Typhoon Lekima which battered the eastern province with high winds and torrential rainfall. ⁠ ⁠ 📸: AFP/Getty Images⁠ ⁠ #FT #FinancialTimes #China #nature #photooftheday #clouds #rain #photography ...

FT Photo Diary 📸: ⁠Buddhist monks wait to collect alms from officials during Thailand's Queen Mother Sirikit's 87th birthday celebrations in Bangkok on August 12, 2019. ⁠
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📸: Lillian Suwanrumpha/ Getty ⁠
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#FT #FinancialTimes #Thailand #Monks #Buddhists #Buddhism #photography #photooftheday #instagood #picoftheday #photographer #instadaily.

FT Photo Diary 📸: ⁠Buddhist monks wait to collect alms from officials during Thailand's Queen Mother Sirikit's 87th birthday celebrations in Bangkok on August 12, 2019. ⁠ ⁠ 📸: Lillian Suwanrumpha/ Getty ⁠ ⁠ #FT #FinancialTimes #Thailand #Monks #Buddhists #Buddhism #photography #photooftheday #instagood #picoftheday #photographer #instadaily ...

Few aspects of office life are more dispiriting than hot-desking, the penny-pinching ploy that strips people of their own desk and casts them out to the noisy, chaotic wasteland of shared work spots.⁠
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People doomed to hot-desking waste an average of two weeks a year just looking for a place to sit, one British study claimed last month. That did not count the time it takes to set up a computer, adjust a chair and figure out where the people you need to talk to might be perched that day. ⁠
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Pilita Clark, FT’s business columnist, explains why the hidden costs of the irksome office practice are even worse than you think. Tap the link in our bio to read more. ⁠
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#FT #FinancialTimes #hotdesking #office ⁠
 #work #workspace #officespace #working.

Few aspects of office life are more dispiriting than hot-desking, the penny-pinching ploy that strips people of their own desk and casts them out to the noisy, chaotic wasteland of shared work spots.⁠ ⁠ People doomed to hot-desking waste an average of two weeks a year just looking for a place to sit, one British study claimed last month. That did not count the time it takes to set up a computer, adjust a chair and figure out where the people you need to talk to might be perched that day. ⁠ ⁠ Pilita Clark, FT’s business columnist, explains why the hidden costs of the irksome office practice are even worse than you think. Tap the link in our bio to read more. ⁠ ⁠ #FT #FinancialTimes #hotdesking #office#work #workspace #officespace #working ...

FT Photo Diary 📸: ⁠
There is no shortage of bizarre and wacky entertainment at this year’s Edinburgh Fringe which is marking its 72nd anniversary. Some 3,841 shows will be packed into the world’s oldest fringe festival from 2 to 26 August. Among them is Erth's Dinosaur's Zoo, an edutainment show featuring giant dinosaur puppets which walk, roar and blink. ⁠
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📸: Jeff J Mitchell/Getty Images ⁠
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 #edinburgh #edfringe #scotland #edinburghfestival #fringe #edinburghfringefestival #theater #festival #performance #dinosaurs #art #entertainment.

FT Photo Diary 📸: ⁠ There is no shortage of bizarre and wacky entertainment at this year’s Edinburgh Fringe which is marking its 72nd anniversary. Some 3,841 shows will be packed into the world’s oldest fringe festival from 2 to 26 August. Among them is Erth's Dinosaur's Zoo, an edutainment show featuring giant dinosaur puppets which walk, roar and blink. ⁠ ⁠ 📸: Jeff J Mitchell/Getty Images ⁠ ⁠ #edinburgh #edfringe #scotland #edinburghfestival #fringe #edinburghfringefestival #theater #festival #performance #dinosaurs #art #entertainment ...

play_circle_filled Deforestation is contributing to rapidly rising air temperatures. Forests absorb carbon from the atmosphere, but when the forests are dug up they release it. The Amazon rainforest soaks up massive amounts of carbon, but since 2001, 200,000 sq km has been lost to deforestation. ⁠
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A new report from the UN Intergovernmental Panel on Climate Change warns of dire consequences to the climate if this continues. Better land use, such as planting forests and reducing deforestation, will be an integral part of limiting global warming to well below 2C, the report said. ⁠
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Tap the link in our bio to read more. ⁠
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#ClimateChange #Deforestation #AmazonRainforest #environment #globalwarming #climateaction  #rainforest.

Deforestation is contributing to rapidly rising air temperatures. Forests absorb carbon from the atmosphere, but when the forests are dug up they release it. The Amazon rainforest soaks up massive amounts of carbon, but since 2001, 200,000 sq km has been lost to deforestation. ⁠ ⁠ A new report from the UN Intergovernmental Panel on Climate Change warns of dire consequences to the climate if this continues. Better land use, such as planting forests and reducing deforestation, will be an integral part of limiting global warming to well below 2C, the report said. ⁠ ⁠ Tap the link in our bio to read more. ⁠ ⁠ #ClimateChange #Deforestation #AmazonRainforest #environment #globalwarming #climateaction #rainforest ...

FT Photo Diary 📸: A student poses showing his face and hands painted with slogans for peace during a rally to mark Hiroshima Day, in Mumbai on August 6, 2019. The mayor of Hiroshima urged Japan to sign a landmark UN treaty banning nuclear weapons as the city marked 74 years since being targeted in the world's first atomic attack.⁠
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📸: Punit Paranjpe/Getty⁠
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#FT #FinancialTimes #Hiroshima #Mumbai #Japan #photooftheday #photography ⁠.

FT Photo Diary 📸: A student poses showing his face and hands painted with slogans for peace during a rally to mark Hiroshima Day, in Mumbai on August 6, 2019. The mayor of Hiroshima urged Japan to sign a landmark UN treaty banning nuclear weapons as the city marked 74 years since being targeted in the world's first atomic attack.⁠ ⁠ 📸: Punit Paranjpe/Getty⁠ ⁠ #FT #FinancialTimes #Hiroshima #Mumbai #Japan #photooftheday #photography ⁠ ...

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