Tue, 21-Oct-2025

Record FDI inflows underline China’s weight in global economy

China

WASHINGTON: Global economic decoupling from China is simply not happening, considering the momentum of foreign direct investment (FDI) inflowing into the country, the Financial Times has reported. In some critical dimensions, China‘s integration into the global economy continues to deepen, wrote John Plender, in an opinion piece published Sunday, referring to earlier findings from Nicholas … Read more

Galaxy A52s Will Give Amazing Performance Thanks to the Snapdragon 778G

https://oldsite.bolnews.com/latest/2021/07/galaxy-z-fold-3-will-feature-snapdragon-888-out-of-the-box/

Galaxy A52s could be the new variant of Galaxy A52. However, there is not much information on it. What upgrades will it offer in the main question that needs to be answered. Today some of the information has been uncovered by GalaxyClub, who spotted Galaxy A52s with model number SM-A528B on the Geekbench database. The … Read more

Water-related hazards dominate disasters in last 50 years: UN agency

China rain floods

UNITED NATIONS: Water-related hazards dominate the list of disasters in terms of both the human and economic toll over the last 50 years, according to a comprehensive analysis by the World Meteorological Organisation (WMO), a Geneva-based UN agency. “The Atlas of Mortality and Economic Losses from Weather, Climate and Water Extremes (1970-2019)”, which will be … Read more

ECB exceeds incentive of the Fed on digital currency

ECB

The European Central Bank (ECB) is dipping its toe into potentially inviting waters.

President Christine Lagarde took the first step toward a digital euro on Wednesday when she announced the start of two-year research into the feasibility of producing an electronic currency. Despite the Federal Reserve’s caution, the ECB has an incentive to exceed it.

The Central Bank does not want to compete with People Bank of China, which has previously tested a digital yuan in key cities like Shenzhen and Shanghai.

However, Covid-19 has accelerated the death of physical cash: According to an ECB survey of eurozone individuals conducted last year, over nine out of ten people stated they would either definitely or probably pay less in cash as a result of the virus.

A significant question for Lagarde and her colleagues will be whether the central bank’s digital cash drains too many deposits from commercial banks, which are critical for channeling credit to families and companies.

According to a UBS survey of central bank reserve managers, the most-cited possible threat is that digital coins could disintermediate banks, possibly undermining financial stability.

In Europe, this would have extremely bad economic implications. According to Morgan Stanley economists, the region’s banks provide three-quarters of a company’s financing needs; in the United States, capital markets provide the same amount of corporate financing.

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Best Places to Travel in August

The Best Places to Travel in August

Is there a month that is better suited to a vacation than August?

Whether you’re soaking in the sun on an exclusive Mediterranean island or holing up in a bucolic corner of the Mid-Atlantic, the peak of summer is the ideal time to discard all 9-to-5 duties and indulge in a trip. Plus, with the European Union opening up to American tourists this summer and states relaxing COVID restrictions, we’re more excited to book a flight than ever. Here are nine of the greatest places to visit in August if you want to get a vacation in before Labor Day.

 Madeira, Portugal              

This island, located 300 miles west of Morocco, is known for its winemaking and consumption. The Madeira Wine Festival (August 29 to September 12) celebrates the islanders’ six-century development of the unique oxidation process that produces their signature wine. There are events and celebrations throughout the island.

Kenya

The Great Migration, when more than 1.5 million wildebeest cross East Africa every year between July and October, is one of the most awe-inspiring natural sights on the earth. The Masai Mara National Reserve in Kenya is the greatest spot to see the phenomena, with plenty of rivers (where the real action happens) and cliffs overlooking the savannah.

Woodstock, Vermont

Woodstock’s appeal extends far beyond fall foliage and craft beer in one of the most attractive towns in America. The city oozes New England charm at any time, which is clearly evidenced by the lovely and quaint Woodstock Inn & Resort. The 142-room hotel thrives in the summer when the on-site garden boasts more than 200 varieties of produce that get sent directly to the property’s two restaurants.

 Costa Smeralda, Sardinia

Sardinia’s Costa Smeralda is one of Europe’s most glamorous summer getaways, with stunning white sands and yacht-crammed waters off Porto Cervo. Lean into the luxe vibe by booking one of the suites at the hotel Cala di Volpe.

Utah               

Utah is renowned for its national parks (its state parks are pretty spectacular, too), but there are plenty of reasons to visit this summer outside of the obvious. (Depending on where you are, the temperatures range from 70 to 99 degrees during August.) Get your dose of thrills with an ATV ride around the Coral Pink Sand Dunes, with 2,000 acres of sand that turn pink as the sun begins to set.

 Napa Valley, California

August is one of the greatest months to visit Napa Valley because it coincides with the region’s harvest season (August through October). Although the crowds are thicker at this time of year, you may still have a beautiful, intimate vacation if you know where to seek. Begin by booking a room at the Four Seasons Resort Napa Valley, one of the summer’s most interesting new hotels.

Minnesota

Summer is state fair season, and few states honor the tradition better than Minnesota. The country’s second-largest fair (after Texas, of course) was canceled in 2020, but the government is hopeful that this year “should be pretty close to the normal event.”And in this case, normal means outdoor beer festivals, classic car shows, Miranda Lambert and Tim McGraw performances, and 500 food stalls serving up all things deep-fried and skewered.

North Fork, Long Island          

Each summer, the North Fork of Long Island provides a welcome contrast to the hectic Hamptons on the southern spike. Instead of imported city glitz, it’s a countrified hideaway, mostly full of family farms, vineyards, and small towns filled with clapboard homes. While the Hamptons crowds struggle to find a spot on the beach, spend the month of August exploring the quiet charm of this charming area.

Isla Holbox, Mexico            

The beautiful monsters appear in the warm waters between Isla Mujeres and Isla Contoy every year during whale shark season in the Mexican Caribbean, which runs from May to September. The amount of plankton in the ocean, which the whales gather to feed on, makes August a particularly good month for whale sightings. This year, on August 30, enjoy Whale Shark Day on lovely Isla Holbox—no there’s a better time to try your hand at a once-in-a-lifetime whale shark dive.

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International Tourism Should Be Restarted by the Governments; UNWTO Urges

International Tourism Should Be Restarted by the Governments; UNWTO Urges

According to the latest data from the United Nations World Tourism Organization (UNWTO), over the coming weeks and months, the global vaccination rollout and growing adoption of digital solutions for secure travel should result in an increase in the international movement. According to the latest report on Travel Restrictions Report from the agency, as of … Read more

Samsung Galaxy M22 Shows up on European Samsung Store; Revealing Pricing and Specs

Samsung Galaxy M22 Specifications and Renders Leaked

Samsung Galaxy M22 is the next phone in the M-series. It was listed in the official product listing during the weekend. Here is what leaks say. Samsung Galaxy M22 was spotted on a European Samsung store, with its price alongside it. The phone comes in with a 4GB+128GB variant, at a price of EUR239.90. The … Read more

Nobu Istanbul Launch at The Ritz Carlton Istanbul Puts all Eyes on Turkey

Nobu Istanbul Launch at The Ritz Carlton Istanbul Puts all Eyes on Turkey

Nobu Istanbul, Robert De Niro’s renowned Japanese restaurant brand’s 14th iteration in Europe, is launched in collaboration with Turkish businessman and hotelier Baran Suzer. The holiday season in Europe is returning after the COVID-19 crisis. Among others are the return of the Cannes Film Festival, Amfar, and an event that drew attention from all across … Read more

Hilton Opens Hilton Rijeka Costabella Beach Resort in Croatia

Hilton Opens Hilton Rijeka Costabella Beach Resort in Croatia

Hilton has announced the opening of Hilton Rijeka Costabella Beach Resort and Spa on the Adriatic coast. The leisure resort is located between the charming town of Opatija and the vibrant city of Rijeka, surrounded by soaring mountains and cobalt-blue waters. The hotel has one of Croatia’s best beachfront locations, with 200 meters of private … Read more

Explorar Hotels and Resorts all set Launch in Thailand

Explorar Hotels and Resorts all set Launch in Thailand

Explorar Hotels and Resorts is a brand launched by Pavilions Hotels and Resorts. The first resort, Explorar Pawapi Koh Mook, will open its doors at the start of October. The new hotel is located on an unspoiled stretch of private sandy beach on the Peninsula of Koh Mook Island in the secluded province of Trang, … Read more

Prime Minister Imran Khan Refrains From Criticizing China on Uyghur Situation in Xinjiang Province

Prime Minister summons high-level meeting to discuss Pandora leaks

Prime Minister Imran Khan refrained from criticizing China on the matter of treatment of Uyghur Muslims. When he was questioned about it, he replied, “This is not a case”. When he was further pressurized, Khan stated that how he refrains from commenting on the situations of other countries. He added that he is more concerned … Read more

COVID-19 Origins Probe Should Shift to the US: Says A Chinese Disease Expert

COVID-19 Origins Probe Should Shift to the US: Says A Chinese Disease Expert

COVID-19 started back in December 2019 in China. A senior Chinese expert says that the United States should be the priority in the next phase of investigation as some traces of the virus could have been present as early as December 2019. According to the study conducted by the US National Institutes for Health (NIH), … Read more

Christian Eriksen says he ‘feels better’ after suffering a cardiac arrest

Christian Eriksen

Euro 2020: Christian Eriksen speaks for the first time since the shocking incident in Copenhagen on Sunday.

The Denmark midfielder has released his first public message since suffering a horrific on-pitch cardiac arrest during the first half of the Euro 2020 group stage game against Finland, insisting he ‘won’t give up’.

The former Spurs midfielder, who now plays for the Italian Champion Inter Milan, required 13 minutes of CPR after collapsing just before half-time but was taken to hospital in a stable condition, where he remains.

The 29-year-old’s statement was released on the morning that his teammates spoke for the first time since the shocking incident in Copenhagen on Saturday.

Eriksen’s Denmark teammates formed a ring around him as he received treatment, but there were fears that he would not recover but thankfully medics were able to revive him and he was taken to hospital to recover.

Christian Eriksen thanked fans for their well-wishes in a statement released through his agent to the Italian newspaper Gazette dello Sport.

“Thank you, I won’t give up. I feel better now – but I want to understand what’s happened,” he said.

“I want to say thank you all for what you did for me.”

The former Spurs midfielder also suggested he would be ‘ready to train’ now, just two days on from his collapse.

His teammates went on to finish the match which they lost 1-0.

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EU adds a rare blood condition as a side effect of AstraZeneca vaccine

astrazeneca

The European Medicines Agency’s (EMA) safety group said that capillary leak syndrome must be added as a new side effect of the AstraZeneca vaccine, known as Vaxzevria. People who had formerly sustained the condition, where fluids leak from the smallest blood vessels producing swelling and a drop in blood pressure, should not receive the shot, … Read more

Coronavirus: ‘Europe is not out of danger’ in the fight against the pandemic, WHO

europe corona virus

The World Health Organization has advised Europeans to travel responsibly during the holiday season, as it cautioned that the continent was “by no means out of danger” in the battle against the deadly CoronaVirus. “With increasing social gatherings, greater population mobility, and large festivals and sports tournaments taking place in the coming days and weeks, … Read more

Europe, US Condemn Belarus Over ‘Accusation Of Hijacking’ Passenger Plane

Europe, US Condemn Belarus Over 'Accusation Of Hijacking' Passenger Plan

Europe and the United States have condemned the forced landing of a flight from Greece to Lithuania in Belarus. Belarussian security officials detained a leading opposition journalist on board the plane and released him. Roman Pratasevich is a prominent Belarusian journalist. He was on a Ryanair passenger plane from Greece to Lithuania when his flight … Read more

EU to open doors for vaccinated foreigners

  BRUSSELS: European Union countries have agreed to ease the travel restrictions due to COVID-19 on Wednesday. This is to be noticed that this decision was taken ahead of the summer tourist season, which brings non-EU visitors to Europe. This move by European Union could open the bloc’s EU visa doors to all Britons and … Read more

UK records seven deaths after AstraZeneca vaccine injection

covid

The United Kingdom (UK) regulator revealed on Saturday that out of 30 people who have suffered from blood clots after getting the AstraZeneca vaccine, seven people have died. When this news of seven deaths came several European countries have paused the use of the AstraZeneca injections over a potential link to blood clots. The UK’s … Read more

WHO slams Europe for slowing down the vaccination process

who vaccine

The World Health Organization (WHO) slammed Europe for slowing down the vaccination process. According to the reports, France becomes the latest country to enforce new limitations to fight against the novel coronavirus infections, and cases were increasing on daily basis in Europe. Brazil also reported the surge in cases of the covid-19 patients the death … Read more

Russia desires US, Iran to organize return to nuclear deal

us

Russian Federation called on the United States and Iran to take mutual steps and organize their return to Iran’s nuclear deal. Russian Foreign Minister Sergei Lavrov said that, “To resolve this urgent task, we believe it is perfectly possible to work out synchronous steps — simultaneous steps to be taken in stages by both the … Read more

Russia’s sputnik V vaccine gets approval from Europe’s drug regulator

russian vaccine

Russia’s Sputnik V covid-19 vaccine gets approval from the European drug regulator on Thursday, it will be used across the 27 states of Europe. The Russian Federation said they were ready to provide injections for 50 million Europeans as soon as they get the green light from the Amsterdam-based European Medicines Agency (EMA). Gamaleya National … Read more

EU Privacy rules: Strict guidelines for Zoom Messenger

zoom

Messaging apps such as WhatsApp and video calls on Zoom face stricter privacy rules in Europe after a draft law passed a key European Union (EU) hurdle this week. The EU’s 27 member states accepted a proposal that was stuck since 2017, with countries split between those wanting strict privacy online and others wanting to give leeway to … Read more

France to pursue help from EU if US reacts against its digital tax

French Finance Minister Bruno Le Maire said previously this week that France will hit back with the European Union if the US chooses to implement its trade approvals in January over recent French tax on digital services.

French Finance Minister Bruno Le Maire said previously this week that France will hit back with the European Union if the US chooses to implement its trade approvals in January over recent French tax on digital services. For those unaware, the Trump administration announced back in July that it would levy additional duties of 25 … Read more

European Fascism Reaches New Level, Macron Needs Mental Treatment: Erdogan

European fascism Reaches New Level, Macron Needs Mental Treatment: Erdogan

Turkish President Recep Tayyip Erdogan has declared French President Emanual  Macron a mental patient. According to Turkish media reports, addressing the ceremony on Saturday, Erdogan said that European fascism Reached a new level. He said that if Europe did not come out of this disease of hating Islam and anti-Muslim hatred soon, the whole of … Read more

Emirates expands flights to 5 European cities

Emirates

Emirates has announced that it will be expanding its European network to 31 destinations. According to the details, Emirates will resume flights to these European cities: Budapest (from October 21), Bologna (from November 1), Dusseldorf (from November 1), Hamburg (from November 1), and Lyon (from November 4). Emirates’ global network will be operating flights to … Read more

PIA decides to call back staff deputed in Britain

PIA

Pakistan International Airlines (PIA) has decided to further cut its expenditures on Wednesday as it decided to call back the staff deputed in Britain following the suspension of flight operations. PIA’s management has decided to cut unnecessary expenditures by calling back staff and officers after the flight operations temporarily suspended in the United Kingdom. As … Read more

Today Currency Exchange Rate: EUR to SAR on 29th July

USD TO SAR

Today EUR/SAR exchange rate (Last updated on Jul 29th, 2020). Today EUR in Saudi Arabia as per the Open Exchange market. The EUR recognized worldwide as an important currency. Today Euro to SAR Exchange Rate Here is an updated list of EUR to SAR: CURRENCY SYMBOL SAR Euro EUR 4.40 Euro Rates in Saudi Arabia. … Read more