The Monocle Minute – Monday 28 August 2023

London / Zürich / Milan / Tokyo / Bangkok / Singapore / Los Angeles Monday. 28/08/23 The Monocle Minute SPONSORED BY BERGOS PRIVATE BANK Monocle OPINION / CHRISTOPHER CERMAK TALKING HEADS US presidential hopeful Nikki Haley went straight to the point last week when she told her Republican rivals in a presidential debate that backing Vladimir Putin over Ukraine meant “choosing a murderer over a pro-American country”. A former ambassador to the UN, Haley (pictured, on right) pointed out that her Russian counterpart died during her time in the post. There has been no suggestion to date that Vitaly Churkin’s sudden death in 2017 was caused by anything other than a heart attack but it clearly left Haley suspicious. Churkin’s successor at the UN, Vasily Nebenzya, aggressively toes the Putin line. During last week’s Security Council meeting on Ukraine, which marked the 32nd anniversary of the country’s independence, Nebenzya said that he could not congratulate the country because it is controlled by what he has described as a Russophobic, neo-Nazi regime. Ukraine’s UN ambassador, on the other hand, cited the Nuremberg trials and suggested that there was a place in prison, or hell, reserved for diplomats who backed their regime’s murderous actions. Most other UN ambassadors lined up to condemn Russia, with a few notable exceptions. In the US, there is increasing discussion of whether support for Ukraine will soften, even as Joe Biden continues to ramp it up. The Pentagon recently said that Ukrainians will receive training on F-16 fighter jets starting in October and, in coming weeks, Congress will have to vote on a Biden administration request for an additional $24bn (€22.2bn) in funding for Ukraine. Some 18 months in, with the war in danger of reaching a stalemate, such support will need to continue into next year and probably beyond. Republican presidential candidates Donald Trump, Ron DeSantis and Vivek Ramaswamy have suggested that they would pull US resources. They should consider listening to Thursday’s UN debate to see which countries they are aligning with. Republicans need voices such as Nikki Haley’s to make the case that this matters for US interests, whether she is right about Churkin’s death or not. Christopher Cermak is Monocle’s Washington correspondent. For more opinion, analysis and insight, to Monocle today. ---------------------------------------------------------------------------------------------------------------------------------- ENVIRONMENT / CANADA FORCE OF NATURE Canada has pledged CA$200m (€136m) to a new global-biodiversity fund after a meeting of 185 environmental leaders took place in Vancouver. As wildfires rage in British Columbia, underscoring threats to the natural world, delegates are hashing out how to turn the aspirational targets of last year’s landmark agreement – inked during the UN Biodiversity Conference (COP15) in Montréal last year – into reality. With a hefty pledge on the fund’s ratification day, Ottawa appears to be positioning itself as an environmental superpower. “It’s not a branding exercise,” Ahmed Hussen, Canada’s foreign development minister, tells The Monocle Minute. “It’s about making sure that we’re doing our part to encourage others to take similar measures that have an effect on the world.” ---------------------------------------------------------------------------------------------------------------------------------- BERGO S Lwant mternet bot to handle my money. EEEEEEEEEEEEEEEEEEEEEEEEEEE ---------------------------------------------------------------------------------------------------------------------------------- TOURISM / CHINA GROWTH STRATEGY In the pre-pandemic days of 2019, a record 9.5 million Chinese people visited Japan, accounting for a third of all tourism to the country. While travellers from other countries have been flocking to Japan this year, mainland Chinese tour groups, known to be bigger spenders, have been absent. Now, belatedly, Chinese government restrictions have been lifted and tours to Japan are resuming. But retailers hoping for the return of explosive Chinese spending (known in Japanese as bakugai) might be disappointed. Because of the country’s economic sluggishness, its tourists are less likely to splash the cash. Japan is also facing a labour shortage in its hospitality sector, which could put the brakes on growth. The nation’s economy, however, grew by more than 6 per cent from April to June, fuelled largely by car exports and inbound travel. Department stores, hotels and restaurants will be hoping that tour groups will eventually add to that figure. ---------------------------------------------------------------------------------------------------------------------------------- CULTURE / ITALY FLOAT YOUR BOAT While outdoor cinemas are a popular summer attraction, Venice offers the unconventional experience of enjoying the silver screen on a boat. The fourth edition of “Floating Cinema – Unknown Waters” is currently running in the Giudecca Lagoon until 10 September. Moviegoers are able to watch films projected on a floating screen from the comfort of their own vessel or chairs along nearby pontoons. The line-up includes literary talks, films and live performances that explore the themes of the superhuman and the beyond. “The event was born from the desire to take the audience out of the ordinary into a surreal atmosphere,” Paolo Rosso, the project’s co-founder, tells The Monocle Minute. “Over the years, we have encouraged musical performances alongside films,” he says. “The intimacy of the stage is touching. This time, we reflect on the impact of humans on the planet through abstract and dreamy works.” ---------------------------------------------------------------------------------------------------------------------------------- BERGOS PRIVATE BANK  MONOCLE f S RO RE B S HUMAN PRIVATE BANKING R R e e We are Bergos AG, an independent Swiss private bank. Though we marked our second year in 2022, our origins can be traced back to 1590 and the founding of the world’s second-oldest bank. Located in Zürich and Geneva, our international team of more than 120 experts serves private clients and family entrepreneurs, as well as shipping and Next Gen clients. Our focus: Human Private Banking. This philosophy embodies our bank’s aspiration, strength and conviction that people and qualities such as respect, empathy and openness should guide private-banking activities. This approach shapes our initiatives and defines Bergos’s outlook towards its clients, employees and stakeholders.  discover more FASHION / UK SUPPLY AND DEMAND Libby Page is market director at fashion retailer Net-a-Porter. Her role is to ensure that the company’s purchases align with its editorial and marketing ambitions. Here, she tells us about how she travels and how brands have responded to changing fashion itineraries. Your work involves a lot of travel. What’s your packing strategy? If you add it all up, I travel for about six months a year. I attend various international and lesser-known fashion weeks and take the odd business trip to Milan or Stockholm. But packing is part of my job description. The size of the suitcase always depends on how long the trip is and I always bring a carry-on, even if it’s just a small case or a weekender bag. I like to pack a white cotton dress, simple flip-flops and a very light jacket, such as a linen blazer. What about accessories that are smart enough for meeting clients in the day but can be styled differently in the evening? I have an oversized scarf-sarong that folds up into a tiny square. You can wear it as a dress or a top – and even to the beach. How have brands responded to changing travel itineraries over the past five years? They have increased their category mix at events that their customers travel to. They are seeking to appeal to a wider customer base and want to add anything that they are missing, from swimwear to luggage. For the full interview with Libby Page, listen to the latest episode of ‘The Concierge’, our travel show featuring tips, tricks and recommendations from around the world, on Monocle Radio. ---------------------------------------------------------------------------------------------------------------------------------- The Mono ---------------------------------------------------------------------------------------------------------------------------------- MONOCLE RADIO / THE FOREIGN DESK GUATEMALA’S NEW PRESIDENT Guatemala has elected a new president, bringing hope to the country. But with five months to go until his inauguration, it remains to be seen how smooth the transfer of power will be. Andrew Mueller explains who Bernardo Arevalo is and what kind of president he might be.  listen to the episode (7 mins) MONOCLE FILMS / CULTURE MEET THE PHOTOGRAPHERS: RENA EFFENDI In our latest film series, we meet and celebrate some of the people behind our iconic photography reportage. In our first episode Istanbul-based photographer Rena Effendi talks about her process, why she shoots on film and her assignment to Libya in 2021. She had never been to Tripoli before but was soon won over and captured a mesmerising mix of full-blown glamour, oddness and a perhaps unexpected order and calmness. Discover more with The Monocle Book of Photography, which is available to buy today.  watch the film (4 minutes) NEWSLETTER / JOIN US WELCOME TO OUR WORLD Has this been forwarded to you by a friend? 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