i’ve thought of Joe a lot in the last six months. A close friend of mine at school, he and I spent the best part of two years playing music, talking politics, and mastering video games in his attic. His house was a regular retreat at the end of the school day.
Life has moved on for us both. When I last saw him I was heading into my final year at university. He was eyeing up postgraduate study. He’s now married, to Iryna, a Ukrainian he met in Vietnam, when they were both teaching English.
Today, Iryna and Joe are safe in the UK. She has given him her blessing to speak on their behalf about the war in her homeland. Both are horrified by what has happened, and the war crimes committed by invading soldiers.
“We have a friend and their parents live in east Kyiv,” Joe says.
“We’ve heard the stories about how the different waves of soldiers would treat people differently; in the end they were just killing, raping, and robbing anyone.
“Seeing other districts of Kyiv we’ve been to countless times on fire or being bombed is just gut-wrenching, but it’s also completely surreal. To us, it’s not a place of war. It’s a building or a shop we’d go to, somewhere a friend lived, or a place you’d pass on the way to work.”
That surreal feeling is pronounced for Joe and Iryna, who have travelled the length and breadth of Ukraine as a married couple. But it’s also rapidly changed the game for European countries spooked by the outbreak of war on NATO’s doorstep.
Within days of the invasion, western European complacency about peace on the continent was shattered, as Second-World-War-like scenes of urban streetfighting and burning tanks saturated television screens and gave countries formerly happy to cut their defence budgets a new reason to be worried. Defence budgets are now suddenly swelling.
But while many column inches have been devoted to the politics of the conflict, much less has been said about rebuilding the country. That’s understandable to some degree, as the fight is already a protracted one. Ukraine is technically a standalone frontier market, according to MSCI. How it re-emerges from war is clouded in uncertainty.
On March 22, Morningstar analysis of big tobacco’s Ukrainian exposure remarked the conflict would likely last around six months. We are now more than four months in and there is no end in sight.
Estimates regarding the impact of the war on the country’s gross domestic product (GDP) vary too. The World Bank said in April that Ukraine’s economy would shrink by around 45% in 2022, depending on the duration of the war.
In all likelihood, president Zelenskyy’s communications strategy is a reflection of this.
In attempting to appeal to as many groups of people as possible, he is building emotional stakes in a conflict that will require long-term support from Ukraine’s allies long after their warm words have cooled off. In the process he is also developing the case against any form of surrender to Russian aggression. It is hardcore no-deal politics.
But there’s one group of people the former comedian and Dancing With The Stars winner has been keen to woo, and it’s not politicians or voters.
A Different Narrative
In the past four months, Morningstar has devoted much coverage to business activity in Ukraine, and the picture we have painted has largely been agricultural.
Justifiably so. Together, Russia and Ukraine account for 29% of wheat exports, while Ukraine alone is a top exporter of corn, barley and other grain.
The MSCI Ukraine index also reflects this fact, and consists of only two companies: Kernel Holdings, Ukraine’s largest exporter of sunflower oil, and MHP, a large poultry company.
There is, however, another story, and that is technology.
According to the Ukrainian government, there are more than 4,000 technology companies in the country, and more than 184,000 software developers among its population.
The IT industry has grown by nearly 46 times over the last 17 years, and, by 2020, was worth around $5 billion. Several big technology brands have chosen Ukraine to host their European offices, including Snapchat and Ring, which was acquired by Amazon in 2018 for $1 billion.
In his own indomitably innovative way, Zelenskyy this month used holographic projection technology to appear at several European technology conferences to appeal for inward investment to assist his country.
The conversation is moving on in other ways, however. Talk of tech entrepreneurs has quickly been replaced by talk of “norm” entrepreneurs, whose innovations are creating new normalities in the way we live and interact.
Across the world, that has already happened in so many ways, and at all levels of technological development; from the back-end infrastructure to the behavioural and habitual changes visible at the front end. Ukrainian society has been no different, except to say the war has accellerated those norms, and highlighted them to the world.
When Russia invaded, Ukrainians took to TikTok to help eachother and inform themselves.
Viral videos showed everything from how to start the engine on stolen Russian armoured personnel carriers, to examples of Russian disinformation and military intelligence.
And on the battlefield, privately purchased drones have helped an underdog army fight psychological warfare and maximise the effect of limited resources. Zelenskyy has weaponised technology at a personal and political level too, earning plaudits in the process.
With those changes embedded in the chaos of conflict, it would be foolish to underestimate Ukrainian technological hunger, let alone its military will to win. For Joe and Iryna, convincing the west of that is the central point. It’s the only way to stop the killing.
“It’s precisely why the west has to help Ukraine win as soon as possible, to end the suffering, and permanently.”
The Best Recommended Resorts in Nusa Dua Bali
Nusa Dua is one of Bali’s areas built specifically for tourism in the 1970s. Since then, many luxury hotels and resorts were built everywhere in the Nusa Dua area. For those who want an exciting vacation with family or friends, there are many choices for the bali resort nusa dua .
These accommodations have luxurious facilities ranging from spas, private swimming pools, restaurants, and many more. All resorts in Nusa Dua also have sparkling white sand and calm waves as their view. What are the recommendations for the best resorts in Nusa Dua?
Best Resort Recommendations in Nusa Dua Bali
1. Laguna Resort & Spa
Staying at Laguna Resort & Spa will make you feel very comfortable. When entering the resort, you will be greeted with the sound of a gong and dancers in traditional costumes showing off their artistic talents. Laguna Resort & Spa also provides spacious rooms with large beds and luxurious bathrooms.
Each room has a tropical garden interspersed with a lagoon pool. This resort also has gym facilities, a spa, and a sumptuous breakfast. There is also a beach bar if you want a cocktail. If you want to stay in a place that offers luxurious facilities and emphasizes local culture, pay a visit to Laguna Resort & Spa. The lodging at this resort is also not so expensive compared to other luxury hotels in Nusa Dua.
2. Resort St. Regis Bali
Located on the sand of Nusa Dua beach, St Regis is the next choice of resort for accommodation options. This resort has a traditional Balinese concept with olive green furnishings. Interestingly, you can swim in a vast lagoon from Resort St. Regis Bali, the size is three times the size of the Olympic swimming pool.
Furthermore, this resort is also equipped with a thalassotherapy spa. Resort St. Regis Bali also provides a ‘Children’s Learning Center’ facility so parents who bring their children can leave them there. The Children’s Learning Center offers a curriculum to stimulate and entertain children while their parents enjoy the holidays.
3. Hilton Bali Resort
Hilton Bali Resort is perched on a cliff overlooking the beautiful Indian Ocean. You can see Nusa Lembongan clearly from this resort because of its location on a cliff. Hilton Bali Resort is facilitated with a family swimming pool with water slides, an outdoor playground that will make the kids happy, a spa, and a kids club. There are also gazebos and loungers on the private beach. At sunset, there is an observation tower that you and your family can visit to see the fantastic sunset views.
You can visit the lodging recommendations above for those traveling with their family and looking for the best resorts in Nusa Dua, Bali. All of them have extraordinary views with complete and luxurious facilities!
4 Important Tips for Having a Vacation Abroad
Are you planning to go abroad but still don’t know what to prepare? People dream of going abroad, especially to countries like America and Europe. If this is your first time going abroad, you should check the following tips!
Prepare All Important Documents
The first thing you need to do is prepare important documents. For example, passports, ID cards, visas, and international driving licenses if you are going to drive abroad. Make sure you know whether the country you are going to visit is visa-free or not. For Southeast Asian countries, the Maldives and Turkey are visa-free, so you only have to have a passport. But a visa is still needed if you want to go to South Korea, Europe, or America. Make sure to scan your document and save it in the cloud like Google Drive or iCloud. Oh, yes, remember to check your vaccination status. Because every country needs your health information.
Itinerary is important for those who want to travel abroad. The reason is holidays abroad cost a lot of money, so when you can, take advantage of it with a well-planned schedule. Research in detail the tourist destinations you want to visit. For example, what is unique in it, ticket prices, transportation to get there, to the distance from the inn you’re staying. Remember to include places to eat that you want to try. Make sure the place to eat is according to your preferences, such as halal or free of certain food allergies.
Book Tickets in Advance
When you know how long you will be on vacation with the itinerary that has been prepared, it’s time to book plane tickets and lodging. Find cheap tickets by:
- Using promos and discounts on travel agent applications.
- Comparing which price is lower and what kind of facilities you will get.
- Choosing accommodation that fits your budget but is still comfortable.
Oh yes, also remember to check how the pandemic situation is in the country you are going to visit. Do you have to quarantine or not? Because it will affect your itinerary and accommodation. Due to the pandemic conditions that have not fully recovered, check whether there is still Indonesia quarantine after returning from vacation.
Exchange Money and Check Your ATM Cards
Exchange your currency into the destination country’s currency, for example, yen, euros, dollars, won, and others. But remember, don’t carry too much cash because it’s also prone to theft, besides being wasteful. For the rest, you can do cashless transactions. Check your bank’s ATM card to see if it has Visa, MasterCard, or Cirrus logos. This row of stamps indicates that your bank is working with banks abroad. Or you can also use a credit card to make your transaction easier.
Down 43%, Is This Tech Stock Worth Buying Right Now?
Skyworks Solutions (NASDAQ: SWKS) announced its fiscal 2022 fourth-quarter results (for the three months ended September 30) on November 3, and the supplier Apple’s stock price has risen 11% since then.
Skyworks beat expectations and showed solid growth at a time when smartphone sales were declining, but forecasts show the chipmaker is about to hit a bump. With that said, let’s take a closer look at the latest results from the chipmaker. Let’s take a closer look at whether the stock can sustain new momentum after losing 43% of its value in 2022.
Skyworks solutions deliver reliable results for non-mobile businesses
Skyworks’ fourth-quarter revenue increased 7% year-over-year to a record $1.4 billion. The company also reported non-GAAP (adjusted) earnings of $3.02 per share, up 15% year-over-year. Skyworks easily justified analyst estimates of $2.91 per share. For the year, the company’s revenue increased 7% to $5.5 billion and earnings rose similarly to $11.24 per share.
The strong growth of chipmakers in the fourth quarter was the result of successful diversification into new markets such as Internet of Things (IoT) and automotive, as well as relationships with major smartphone original equipment manufacturers (OEMs). Yes, it helped make up for it. Weakness in the smartphone market. space. However, it was the non-mobile business that put a lot of effort into Skyworks last quarter.
As CFO Chris Sennesael noted in the report, the company generated $500 million in revenue from broad market segments (counting chip sales for non-mobile applications like IoT), up 30% from the previous year. Last earnings conference call. Broad market companies contributed 36% of Skyworks’ revenue last quarter, up from 29% in the same period last year.
It’s also worth noting that Skyworks earned $2 billion in revenue from this segment for the entire fiscal year. That’s almost 43% more than the $1.4 billion in revenue last fiscal year. The good news is that the company’s business in a wide range of markets can maintain its momentum. This is because, as Skyworks showed in its earnings report, it is attracting new customers in high-growth niches like IoT.
“In IoT, we continue to win new customers and expand our content. We have partnered with Vodafone to launch the UK’s first WiFi 6E platform. We have launched a solution for Fi 6 hotspots.”
Skyworks also enables the deployment of O-RAN (Open Radio Access Network) and delivers record quarterly results in the high-growth automotive business niche. For example, the O-RAN market is expected to grow at an annual rate of 42% until 2030. Meanwhile, according to Mordor Intelligence, the demand for connected cars will grow by 19% per year until 2027.
These catalysts explain why Skyworks expects its broad commercial segment of the market “to be a major driver in FY23 and beyond.”
The mobile business was not in its best last quarter
Skyworks’ mobile business generated approximately $907 million in revenue last quarter (this is total revenue minus $500 million from the broader market business). By comparison, 71% of Skyworks’ $1.31 billion in revenue last year came from its mobile business, worth nearly $931 million.
Thus, the company’s mobile business, which generates most of its revenue, declined year-over-year in the most recent quarter. This is not surprising given that smartphone sales have been declining for the past five quarters. Skyworks considers Apple its biggest client, with the smartphone giant generating 58% of its revenue last year.
Last quarter, Apple shipped 48.5 million smartphones, 6.4% more than last year. However, the overall smartphone market was down 9% year-over-year. And now things could get even worse for Skyworks.
All of this explains why Skyworks management is targeting a sharp drop in sales and profits. The chipmaker expects revenue of $1.3 billion to $1.35 billion and adjusted earnings of $2.59 per share in the first quarter of fiscal 2023. These numbers show double-digit declines in both revenue and earnings compared to the last year.
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