Ravello, a resort town set 365 meters above the Tyrrhenian Sea by Italy’s Amalfi Coast, is home to iconic cliffside gardens. The 13th-century, Moorish-style Villa Rufolo offers far-reaching views from its terraced gardens, and hosts indoor and outdoor concerts during the popular summertime Ravello Festival. Villa Cimbrone, a medieval-style estate perched on a steep outcrop, is surrounded by another celebrated garden.
The S&P 500 indexrefuses to fall into a bear market—but that doesn’t mean it’s found a bottom just yet.
Not that it wasn’t a painful week. The S&P 500 dropped 3% and has now fallen 18.7% from its Jan. 3 all-time high. A slide of 20%, which it touched Friday before bouncing back, signifies a bear market. The Dow Jones Industrial Average declined 2.9%, its eighth consecutive week of losses, matching its longest losing streak since 1932. The Nasdaq Composite, already in a bear market, slid another 3.8%, and is down 28.2% from…
Georgina Godwin covers the weekend’s biggest news. Stephen Dalziel reviews the day’s papers and Monocle’s editor in chief Andrew Tuck is back with his weekend column.