Rich Indians to the Rescue as Chinese Tourists Shun Thailand

Thailand’s struggling tourism industry is finding support with visitors from the population colossus to its west, just as the years of bumper arrivals from the giant to its north are beginning to wane.

At a beachfront hotel on the tropical island of Phuket, the occupancy rate from Chinese clientele has stalled, while bookings from India have begun to rise. The Vijitt Resort is one of many in Thailand that has more cause for optimism.

Source: https://www.bloomberg.com/news/articles/2019-07-07/in-phuket-indian-juggernaut-rides-to-rescue-as-china-visits-ebb?utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-asia&utm_medium=social&utm_content=asia

Top Cocoa Growers Yet to Reach Deal Amid Price Plan Changes

The world’s largest cocoa growers failed to reach an agreement with traders and chocolate makers on a new pricing system after making changes to a plan presented in June.

Industry regulators from Ivory Coast and Ghana told cocoa buyers at a meeting in Abidjan on Wednesday that they seek a premium of $400 per ton over the futures market as a so-called living-income differential, Fiifi Boafo, a spokesman for Ghana Cocoa Board, said by phone on Thursday. The regulators previously proposed a differential that will apply proportionally when prices fall below $2,600 per ton.

Source: https://www.bloomberg.com/news/articles/2019-07-04/top-cocoa-growers-yet-to-reach-deal-amid-changes-to-price-plan?utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter

Li Ka-Shing’s Canadian Bet Aims to Halt Doctors’ Paper Trails

It’s an unexpected bet by Hong Kong’s richest man: a penny stock seeking to modernize clinics for Canada’s overstretched family doctors, many of whom are stuck in the age of paper charts.

Billionaire Li Ka-shing is the biggest outside investor in Well Health Technologies Corp., a Vancouver-based startup that’s acquiring clinics and electronic medical records providers to bring Canada’s highly fragmented primary care market into the digital era. Its shares have more than doubled this year, making it one of the top-performing health-care stocks on the TSX Venture Exchange.

Source: https://www.bloomberg.com/news/articles/2019-07-04/li-ka-shing-s-canadian-bet-aims-to-halt-doctors-paper-trails?utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business&utm_source=twitter

Beyond Meat Fever Turns the Tiny Pea Into America’s Hot New Crop

There is, it would seem, nothing but bleak news in U.S. farm country. Soybean prices are down. Corn is also still way below its highs, as is wheat. Then there’s the trade war with China, which has cost farmers access to one of their biggest markets, and the non-stop spring rains, which inundated fields.

But there is one bright spot: the pea. Long an afterthought for most farmers — largely just something planted to help with crop rotations — the tiny legume has suddenly gotten pulled into the alt-protein craze fueled by the likes of Beyond Meat Inc. and the Impossible Burger.

Source: https://www.bloomberg.com/news/articles/2019-07-03/beyond-meat-fever-turns-the-tiny-pea-into-america-s-hot-new-crop?utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid=socialflow-twitter-business&utm_content=business

Nike Defends Pulling ‘Betsy Ross’ Shoe and Sparks a National Debate

Nike Inc. defended its decision to pull a July Fourth shoe from shelves after NFL-star-turned-activist Colin Kaepernick objected to the design, a move that stoked controversy inside and outside the sneaker giant.

Some Nike employees said they were surprised by Mr. Kaepernick’s involvement in the product, which featured a flag created during the American Revolution and commonly referred to as the Betsy Ross flag.

Source: https://www.wsj.com/articles/arizona-governor-pulls-state-aid-for-nike-plant-over-betsy-ross-colin-kaepernick-controversy-11562072719?mod=e2tw

Nike Nixes ‘Betsy Ross Flag’ Sneaker After Colin Kaepernick Intervenes

Nike Inc. is yanking a U.S.A.-themed sneaker featuring an early American flag after NFL star-turned-activist Colin Kaepernick told the company it shouldn’t sell a shoe with a symbol that he and others consider offensive, according to people familiar with the matter.

The sneaker giant created the Air Max 1 USA in celebration of the July Fourth holiday, and it was slated to go on sale this week.

Source: https://www.wsj.com/articles/nike-nixes-betsy-ross-flag-sneaker-after-colin-kaepernick-intervenes-11562024126?mod=e2tw

ECB’s Draghi Grows Bolder as His Tenure Nears End

FRANKFURT—Mario Draghi is teeing up some of the boldest policy moves of his eight-year term as European Central Bank president only four months before he steps down, potentially binding the hands of his successor for years.

The late burst of activism by the 71-year-old Italian is buoying European financial markets and catching the eye of President Donald Trump, even as it raises legal and practical questions about how much more the ECB can squeeze out of its existing toolbox.

Source: https://www.wsj.com/articles/ecbs-draghi-grows-bolder-as-his-tenure-nears-end-11561887001?mod=e2tw

When Generalists Are Better Than Specialists, and Vice Versa

What’s the best way to boost creativity on your team? There’s really no simple answer. Even the research is split on the best approach to take.

One view is that the key to creative breakthroughs is being able to combine or leverage different areas of expertise. After all, every innovation somehow recombines or reimagines things that already exist.

Source: https://hbr.org/2018/07/when-generalists-are-better-than-specialists-and-vice-versa?utm_medium=social&utm_source=twitter&utm_campaign=hbr

Putin invites Trump to visit Russia next year

The Kremlin says Russian President Vladimir Putin has invited U.S. President Donald Trump to visit next year and he responded “positively.”

Putin’s spokesman, Dmitry Peskov, told reporters that Putin invited Trump to attend festivities marking the 75th anniversary of the World War II victory.

Source: https://apnews.com/78c3233e4d5a40d3bfa30a5a2f339323?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=AP

Bill Gates says letting Android win mobile was his ‘biggest mistake’ at Microsoft

Microsoft co-founder Bill Gates says letting Google’s Android platform become dominant was his “biggest mistake” at the company.

The Windows desktop operating system has been a core piece of Microsoft through much of its 44-year history, but Microsoft has failed to win a leadership position in mobile operating systems. It lags behind Alphabet’s Google, and Apple. At today’s Microsoft, Windows remains a contributor of revenue and profit, but Microsoft has moved on to focus more on cloud infrastructure and applications, essentially ceding the mobile platform business.

Source: https://www.cnbc.com/2019/06/24/bill-gates-why-microsoft-missed-mobile-and-let-android-get-ahead.html?__source=twitter%7Cmain