Jumat, 30 September 2022

To tackle a kimchi crisis, South Korea banks on massive cabbage warehouses - CNA

A climate shift in recent years that has brought higher temperatures and heavier rain has damaged cabbage crops, curtailing supply. This year, prices of cabbages doubled in less than three months, part of a broad spike in inflation to 24-year highs hit in July.

"We used to purchase cabbages in June then store them for use later when cabbage prices climb, but this year we are already out of stock," said Ahn Ik-jin, chief executive of kimchi maker Cheongone Organic.

"We used to produce 15 tonnes of kimchi a day but now we are only producing 10 tonnes or less," he said. His company has had to raise its kimchi price by two-thirds to 5,000 won (US$3.5) per kilogram.

South Korea's kimchi industry has been on a slippery slope for quite some time.

Chinese imports, often priced at about a third of locally made kimchi, have surged over the past two decades to account for 40 per cent of the domestic market for commercially made kimchi.

Add in weak cabbage harvests over recent years and much of the industry has just crumbled. (While kimchi can be made from other ingredients, about three-quarters of commercially made kimchi is cabbage-based.)

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiamh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYXNpYS9zb3V0aC1rb3JlYS1raW1jaGktY3Jpc2lzLWNhYmJhZ2Utc2hvcnRhZ2Utc3RvcmFnZS1mYWNpbGl0aWVzLTI5NzU4MTbSAQA?oc=5

2022-09-30 02:49:00Z
CBMiamh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYXNpYS9zb3V0aC1rb3JlYS1raW1jaGktY3Jpc2lzLWNhYmJhZ2Utc2hvcnRhZ2Utc3RvcmFnZS1mYWNpbGl0aWVzLTI5NzU4MTbSAQA

Kamis, 29 September 2022

Singapore, US to explore viability of 'green lanes' to advance sustainable aviation - CNA

SUSTAINABLE FUTURE FOR INTERNATIONAL AVIATION

During the assembly, Mr Iswaran also highlighted Singapore’s firm commitment to support ICAO in its efforts to build a resilient, inclusive, and sustainable future for international aviation, MOT said in a separate news release.

“Singapore continues to stand ready to work with all stakeholders to contribute to these efforts for the benefit of all States,” added MOT.

Together with Senior Minister of State for Transport Dr Amy Khor, who also attended the assembly, Mr Iswaran met with Mr Salvatore Sciacchitano, president of the ICAO council and Mr Juan Carlos Salazar, who is ICAO's secretary-general.

Mr Iswaran and Dr Khor reaffirmed Singapore’s strong support for the ICAO’s work and leadership, including in areas of aviation recovery, sustainability, and training, said MOT.

In his statement during the ICAO assembly, the Transport Minister said climate change is an "existential challenge” for all states.

“The global aviation community must adopt sustainability as an urgent long-term priority and act decisively to reduce the sector’s emissions,” Mr Iswaran said.

“Under the leadership of ICAO, the sector has taken important steps in this regard and we must continue working together to sustain the momentum in decarbonising air travel.”

Wrapping up his statement, Mr Iswaran noted that other challenges continue to lie ahead even as countries emerge from the COVID-19 pandemic.

“To prevail, we will need to address the critical areas of capacity, talent, technology, and sustainability, while strengthening the aviation system’s fundamentals,” he added.

On Wednesday, Singapore also signed a Memorandum of Understanding with the United Kingdom to update the Open Skies Agreement between the two countries and work together to promote the sustainable development of aviation.

The agreement allows air carriers to operate any number of flights between and beyond both signatory states.

In the joint media release on Thursday, MOT and CAAS said the agreement with the US is “another step forward” in Singapore’s sustainability aviation journey.

Other efforts include a one-year pilot - starting February 2022 - on the use of sustainable aviation fuel at Changi Airport.

An agreement on sustainable aviation with New Zealand was also signed in April.

Last week, the International Advisory Panel submitted a report on sustainable air hub detailing 15 key initiatives to tackle decarbonisation across the airport, airline and air traffic management domains.

“MOT and CAAS will study the recommendations and incorporate them into the development of the sustainable air hub blueprint,” said the authorities, adding that CAAS will publish the blueprint next year to provide a decarbonisation roadmap for Singapore.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMieWh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vc2luZ2Fwb3JlL3NpbmdhcG9yZS11bml0ZWQtc3RhdGVzLWdyZWVuLWxhbmVzLXN1c3RhaW5hYmxlLWF2aWF0aW9uLWZ1ZWwtcy1pc3dhcmFuLTI5NzM3MzbSAQA?oc=5

2022-09-29 10:27:10Z
1579132337

BOE Ignites Global Rally in Everything From Stocks to Bonds - Bloomberg

[unable to retrieve full-text content]

  1. BOE Ignites Global Rally in Everything From Stocks to Bonds  Bloomberg
  2. S&P 500 Has Slipped to a Multi-Year Low, But It Doesn’t Register as a Full ‘Break’  DailyFX
  3. Stocks Rally On September 28, 2022, As Rates Plunge  Monster Stock Market Commentary
  4. S&P 500 Roars Back From Six-Day Slide; Bonds Surge: Markets Wrap  Bloomberg
  5. View Full coverage on Google News

https://news.google.com/__i/rss/rd/articles/CBMicGh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTI4L3dhbGwtc3RyZWV0LWluLWJlc3QtcmFsbHktc2luY2UtMjAyMC1hcy1ib2Utc2hvY2tzLWV2ZXJ5dGhpbmfSAQA?oc=5

2022-09-29 03:19:00Z
1578068912

Rabu, 28 September 2022

Bank of England intervenes in bond market to halt crash - CNA

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiK2h0dHBzOi8vd3d3LnlvdXR1YmUuY29tL3dhdGNoP3Y9MGxnU2ZGU2diX1XSAQA?oc=5

2022-09-28 13:41:23Z
1579070390

Explainer: What caused the pound's slump and will British travel, imports stay cheaper for S'poreans? - TODAY

SINGAPORE — The British pound sank to an all-time low of US$1.0327 on Monday (Sept 27), prompting jokes amongst some Singaporeans on social media that this might be a good time to import high-end goods from the United Kingdom.

The sterling has slumped 5 per cent since Thursday and 21 per cent this year against a backdrop of an ever stronger US dollar. It has since bounced back to US$1.0683 at the start of the trading day on Tuesday.

The last time the value of the pound was anywhere near US$1.05 was in February 1985.

So how did the British pound, which was trading close to S$2 against the Singapore dollar just over a year ago, fall so steeply to around S$1.50 on Monday?

TODAY takes a closer look.

WHAT LED TO THE POUND’S POUNDING?

In short, economists told TODAY that it is mainly a result of the market reacting to the new fiscal policies implemented under recently-installed Prime Minister Liz Truss.

Investors began dumping the pound last Friday after Chancellor of the Exchequer Kwasi Kwarteng, the UK's chief finance minister, set out plans to slash taxes and big energy subsidies, among other things, in a bid to kickstart the ailing British economy. The government plans to fund this by borrowing money.

Mr Kwarteng then pledged over the weekend to cut taxes further in the new year, which only served to heighten fears of inflation rising again given that Britons will have more money to spend.

CIMB Private Bank economist Song Seng Wun described this move as a “populist” one since it would, in theory, mean that British citizens would pay less taxes, have lower utility bills, and ultimately, more money in their pocket.

“It sounds sensible, if you have the funds to be able to support that spending and the loss in government revenue,” he said.

But because the British government lacks the funds to do so, Ms Selena Ling, head of treasury and research at OCBC bank, said the plan would require substantial funding through increases gilt issuance, a form of borrowing.

Gilts are used by the UK government to raise money, usually to cover shortfall between public spending and income from taxes.

British daily The Guardian, quoting analysts on Friday, reported that investors were “no longer willing to fund the UK’s external deficit position at the current configuration”, which consequently led to the sell-off.

WHAT DOES IT MEAN FOR SINGAPORE?

OCBC’s Ms Ling said that for Singapore, businesses which import goods and services from the UK may benefit from the cheaper pound.

“Ditto for Singaporeans who are travelling to the UK, buying property, or sending their children to study there,” she added.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiWGh0dHBzOi8vd3d3LnRvZGF5b25saW5lLmNvbS9zaW5nYXBvcmUvZXhwbGFpbmVyLXBvdW5kLXNsdW1wLWNoZWFwLXRyYXZlbC1pbXBvcnRzLTIwMDQzMjbSAQA?oc=5

2022-09-27 12:42:00Z
1578005664

Selasa, 27 September 2022

Tycoon Li Ka-shing loses $2.2 billion in a day as pound slide bites - The Straits Times

HONG KONG - Hong Kong magnate Li Ka-shing lost US$1.5 billion (S$2.2 billion) in a day, with the value of his sprawling business empire tumbling along with the historic decline in the pound.

CK Hutchison Holdings, the flagship conglomerate of Mr Li's group that earned 16 per cent of its revenue from Britain in the first half, saw its shares slump 5.8 per cent on Monday to the lowest since it restructured in 2015. Sister company CK Asset Holdings, a real estate developer that earned almost a third of its revenue from Britain, plunged 8.6 per cent. Both recovered some ground on Tuesday, rising about 3 per cent.

The share slump came amid a global rout as the pound fell to a record low. The US$1.5 billion hit to Mr Li's personal fortune was the fifth-biggest decline among the world's 500 richest people, according to the Bloomberg Billionaires Index. The 94-year-old is still worth about US$26.7 billion, keeping him high in the ranks of Asia's wealthiest people, with his stake in CK Asset accounting for most of his net worth.

After decades of diversification, Mr Li's businesses now span property, telecommunications, ports, retail and utilities, with Europe, Hong Kong and mainland China contributing the bulk of revenue. The CK group's operations in Britain include mobile carrier Three UK, health and beauty chain Savers, the Harwich International port, and utilities firms including Northumbrian Water and Wales & West Gas Networks.

It is one of the few Hong Kong groups with extensive overseas exposure, a strategy that has typically helped it weather risks ranging from protests in Hong Kong in 2019 to the ups and downs of the Covid-19 pandemic.

But currency fluctuations have always been a challenge, with the company reporting results in Hong Kong dollars, which are pegged to the strengthening greenback.

That portends a big hit for the company. CK Hutchison has likely seen HK$15.7 billion (S$2.9 billion), or 11.5 per cent, of the net value of British assets wiped out since June 30 due to the pound's slump, according to Bloomberg News calculations. BLOOMBERG

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMibWh0dHBzOi8vd3d3LnN0cmFpdHN0aW1lcy5jb20vYnVzaW5lc3MvY29tcGFuaWVzLW1hcmtldHMvdHljb29uLWxpLWthLXNoaW5ncy11ay1iZXRzLXNvdXItYXMtcG91bmQtc2xpZGUtYml0ZXPSAQA?oc=5

2022-09-27 08:57:26Z
CBMibWh0dHBzOi8vd3d3LnN0cmFpdHN0aW1lcy5jb20vYnVzaW5lc3MvY29tcGFuaWVzLW1hcmtldHMvdHljb29uLWxpLWthLXNoaW5ncy11ay1iZXRzLXNvdXItYXMtcG91bmQtc2xpZGUtYml0ZXPSAQA

Australia's No. 2 telco Optus, government clash over massive data breach - CNA

SYDNEY: Australia's No. 2 telecoms firm Optus, hit by a massive data breach, on Tuesday (Sep 27) said its cyber defences were strong, contradicting the government's analysis as reports emerged that hackers had released data for tens of thousands of customers.

The Australian federal government has blamed Optus for the breach, flagged an overhaul of privacy rules and more fines, and suggested the company had "effectively left the window open" for hackers to steal data.

Optus Chief Executive Kelly Bayer Rosmarin said there was lot of "misinformation out there".

"Given we're not allowed to say much because the police have asked us not to, what I can say ... is that our data was encrypted and we had multiple players of protection," Rosmarin told ABC Radio.

"So it is not the case of having some sort of completely exposed API (application programming interface) sitting out there," Rosmarin added. An API allows two or more computer programs to communicate with each other.

Rosmarin said Optus had briefed authorities after the government's initial review of the incident. She said most customers understand that "we are not the villains" and that the company had not done anything deliberate to put data at risk.

Singapore Telecoms-owned Optus revealed last week that home addresses, drivers' licenses and passport numbers of up to 10 million customers had been compromised in one of Australia's biggest data breaches.

Australian media reported that hackers released the information of about 10,000 customers in an online forum and threatened to release more unless Optus paid $1 million in cryptocurrency.

Rosmarin said "the Australian Federal Police (AFP) is all over that".

The AFP said it has been working closely with overseas law enforcement agencies to find the perpetrators.

Australia's Council Of Financial Regulators, which includes the central bank, on Tuesday said its members have been working together in response to the cyber attack.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMidmh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYnVzaW5lc3MvYXVzdHJhbGlhcy1uby0yLXRlbGNvLW9wdHVzLWdvdmVybm1lbnQtY2xhc2gtb3Zlci1tYXNzaXZlLWRhdGEtYnJlYWNoLTI5Njc3NjHSAQA?oc=5

2022-09-27 01:38:00Z
1577379749

'A new era': NASA strikes asteroid in key test of planetary defence - CNA

ASTRONOMY COMMUNITY ABUZZ

Minutes after impact, a toaster-sized satellite called LICIACube, which already separated from DART a few weeks ago, was expected to make a close pass of the site to capture images of the collision and the ejecta - the pulverised rock thrown off by the strike.

LICIACube's pictures will be sent back in the next weeks and months.

Also watching the event: an array of telescopes, both on Earth and in space - including the recently operational James Webb - which might be able to see a brightening cloud of dust.

The mission has set the global astronomy community abuzz, with more than three dozen ground telescopes participating, including optical, radio and radar.

"There's a lot of them, and it's incredibly exciting to have lost count," said DART mission planetary astronomer Christina Thomas.

Finally, a full picture of what the system looks like will be revealed when a European Space Agency mission four years down the line called Hera arrives to survey Dimorphos' surface and measure its mass, which scientists can currently only guess at.

"EARTHLINGS CAN SLEEP BETTER"

Very few of the billions of asteroids and comets in our solar system are considered potentially hazardous to our planet, and none are expected in the next hundred years or so.

But wait long enough, and it will happen.

We know that from the geological record - for example, the roughly 10km wide Chicxulub asteroid struck Earth 66 million years ago, plunging the world into a long winter that led to the mass extinction of the dinosaurs along with 75 per cent of all species.

An asteroid the size of Dimorphos, by contrast, would only cause a regional impact, such as devastating a city, albeit with greater force than any nuclear bomb in history.

How much momentum DART imparts on Dimorphos will depend on whether the asteroid is solid rock, or more like a "rubbish pile" of boulders bound by mutual gravity - a property that's not yet known.

But its success marks the first step towards a world capable of defending itself from a future existential threat.

"I think Earthlings can sleep better, definitely I will," said DART mission systems engineer Elena Adams.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiZmh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvbmV3LWVyYS1uYXNhLXN0cmlrZXMtYXN0ZXJvaWQta2V5LXRlc3QtcGxhbmV0YXJ5LWRlZmVuY2UtMjk2NzYzMdIBAA?oc=5

2022-09-26 23:26:00Z
1576687942

Senin, 26 September 2022

Understanding the British pound's sudden crash - CNA

WHAT'S THE GOVERNMENT'S PLAN? 

The aim is that the tax cuts will create a more dynamic economy, which should eventually generate higher tax revenue and keep borrowing in check.

The new Conservative government's plans have drawn comparisons, even among its supporters, with the ill-fated 1972 budget drawn up by Kwarteng’s Tory predecessor Anthony Barber, who also delivered a massive package of unfunded tax cuts. In his case, inflation soared and the economy overheated before collapsing into recession. Barber’s boss, Edward Heath, was defeated by the Labour opposition two years later, and the UK had to seek a bailout from the International Monetary Fund in 1976.

There are also parallels with policies followed in the 1980s by another of Kwarteng’s predecessors, Nigel Lawson, under then Prime Minister Margaret Thatcher. 

WHERE DOES THIS LEAVE THE UK'S PROSPECTS?  

An export powerhouse like Japan is better able to manage a bout of currency weakness thanks to its huge current-account surplus.

The UK is in a similar position to some emerging markets, with one of the largest current-account deficits in the world and an already sizable budget deficit - set to get larger after Kwarteng’s announcement. Inward investment into UK property and other assets tend to prop up the pound in normal years.

But with growth weak and the economy increasingly volatile, there are mounting reasons not to invest in the UK. Lawmakers from Truss’s party have said the Bank of England may need to step in with an emergency rate rise to calm market nerves. 

WHY DOES IT MATTER?

Truss' Conservative Party, which has held power under four prime ministers since 2010, will face a general election by January 2025 at the latest. That gives her little more than two years to convince voters that her policies will work and the country’s cost-of-living crisis will abate.

While she retains a comfortable majority in the House of Commons for now, the party is trailing the opposition Labour Party in opinion polls. A continued decline in the pound would pile further pressure on the government.

Option-market pricing in late September suggested a real chance that the currency will hit parity with the dollar before the end of 2022. 

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiWmh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYnVzaW5lc3MvdW5kZXJzdGFuZGluZy1icml0aXNoLXBvdW5kcy1zdWRkZW4tY3Jhc2gtMjk2NjQ2MdIBAA?oc=5

2022-09-26 13:51:18Z
1578005664

Wall Street Banks Reassess China Over Taiwan After Russia Losses - Bloomberg

[unable to retrieve full-text content]

  1. Wall Street Banks Reassess China Over Taiwan After Russia Losses  Bloomberg
  2. Wall Street Banks Prep For Grim China Scenarios Over Taiwan  NDTV Profit
  3. View Full coverage on Google News

https://news.google.com/__i/rss/rd/articles/CBMibmh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTI2L3dhbGwtc3RyZWV0LWJhbmtzLXByZXAtZm9yLWdyaW0tY2hpbmEtc2NlbmFyaW9zLW92ZXItdGFpd2Fu0gEA?oc=5

2022-09-26 09:37:56Z
1577146907

In China, homebuyers occupy their 'rotting', unfinished properties - CNA

But in June 2020, Jiadengbao Real Estate hit the headlines after a court accused its parent company of illegal fund-raising and seized 340 million yuan worth of its properties, including a number of flats in Xiulan County Mansion.

Construction stopped in mid-2020, which Xu found out months later, describing her feelings at the time as "crashing from paradise".

Jiadengbao Real Estate did not respond to a request for comment from Reuters.

Since the debt crisis erupted in 2021, thousands more home buyers have been caught in similar predicaments as cash-strapped developers went into bankruptcy or abandoned struggling projects.

FENCING AND UNDERGROWTH

On a recent day, the main block of buildings at Xiulan County Mansion was surrounded by a tall blue fence while the clubhouse, touted in promotional materials, was covered in dense undergrowth. Cement mixers, iron poles, and piles of debris lay strewn around.

Xu, who is unemployed, said she bought the apartment for her only son, with the hope that he would be able to raise a family there. She said her son and her husband, who live far away in the northern province of Hebei, blame her for their financial predicament and no longer speak to her.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMia2h0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYXNpYS9jaGluYS1wcm9wZXJ0eS1ob21lYnV5ZXJzLW9jY3VweS1yb3R0aW5nLXVuZmluaXNoZWQtYXBhcnRtZW50cy0yOTY1MDQx0gEA?oc=5

2022-09-26 05:51:35Z
1575122598

Pound plunges to all-time low as UK economic plan spurs investor exodus - The Straits Times

TOKYO - The British pound tumbled to a record low on Monday, prompting speculation of an emergency response from the Bank of England (BOE), as confidence evaporated in Britain’s plan to borrow its way out of trouble, with spooked investors piling into US dollars.

The pound dived as much as 4.9 per cent to an all-time nadir of US$1.0327 before stabilising at around US$1.05405, 2.9 per cent below the previous session’s close.

It dropped 3.6 per cent on Friday, when new finance minister Kwasi Kwarteng unveiled historic tax cuts funded by the biggest increase in borrowing since 1972.

Against the Singapore dollar, the pound sank 2.89 per cent to $1.5079 as at 11.55am, and is now down about 17 per cent this year.

“Sterling is getting absolutely hammered,” said Mr Chris Weston, head of research at Pepperstone.

“Investors are searching out a response from the Bank of England. They are saying this is not sustainable, when you have got deteriorating growth and a twin deficit.”

The pound’s searing drop helped boost the safe-haven US dollar to a new two-decade peak against a basket of major peers. The dollar index - whose basket includes sterling, the euro and the yen - reached 114.58 for the first time since May 2002 before easing to 113.73, 0.52 per cent higher than the end of last week.

The euro also touched a fresh 20-year trough to the dollar on simmering recession fears, as an energy crisis extends towards winter amid an escalation in the Russia-Ukraine war. A weekend election in Italy was also set to propel a right-wing alliance to a clear majority in Parliament.

The dollar built on its recovery against the yen following the shock of last week’s currency intervention by the Japanese authorities, as investors returned their focus to the contrast between a hawkish United States Federal Reserve and the Bank of Japan’s insistence on sticking to massive stimulus.

Mr Kwarteng scrapped the top level of income tax and cut the basic rate by a percentage point, while also reversing a rise in the National Insurance payroll tax brought in earlier this year. On Sunday, he appeared unperturbed by the ferocious response that sent British assets tumbling, telling BBC television that he would not comment on market movements, but when it comes to tax cuts, "there is more to come".

"We have only been here 19 days," Mr Kwarteng said. "I want to see, over the next year, people retain more of their income, because I believe that it is the British people that are going to drive this economy."

On Friday, yields on British government bonds soared, by a record amount on some maturities, as investors punished the minister for his unapologetic dash for growth.

If maintained, the move in yields will dramatically inflate the cost of the extra £400 billion (S$616 billion) of borrowing that the Resolution Foundation think-tank estimates is needed over the next five years to fund the plan, adding to an interest bill already bulging thanks to sky-high inflation and BOE rate increases.

"With broad unfunded spending on the fiscal side unmatched by monetary policy to offset the inflationary impulse, the currency is likely to weaken further," Goldman Sachs analysts wrote in a note to clients on Friday.

The market moves this week could have huge implications. The opposition Labour Party - already enjoying a comfortable lead in the polls - is seeking to capitalise on the policy gulf that has opened up with the Tories at its annual conference, which began in Liverpool on Sunday. Leader Keir Starmer on Sunday told the BBC he would reverse Mr Kwarteng's most eye-catching measure - the scrapping of the top 45 per cent rate of income tax levied on earnings over £150,000.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMib2h0dHBzOi8vd3d3LnN0cmFpdHN0aW1lcy5jb20vYnVzaW5lc3MvZWNvbm9teS9wb3VuZC1leHRlbmRzLXBsdW5nZS1hcy11ay1maW5hbmNlLW1pbmlzdGVyLXNpZ25hbHMtbW9yZS10YXgtY3V0c9IBAA?oc=5

2022-09-26 00:17:14Z
1578005664

Live news updates: China sets out measures to prop up renminbi - Financial Times

On Monday we will be picking over the fallout from Italy’s lurch to the right after the completion of a bad-tempered election campaign. The Financial Times got in early with a Big Read on what a far right administration means for the rest of Europe.

We also have elections in Latvia, Bulgaria, Kuwait and Bosnia and Herzegovina this week. But the big one will be on Sunday with the first round of the Brazilian presidential election. The race frontrunner is left-wing former president Luiz Inácio Lula da Silva, but incumbent Jair Bolsonaro is far from out of the race. Tensions are running high.

A smaller but nonetheless significant ballot takes place on Thursday, when the alderman of the City of London will decide the next lord mayor. This largely ceremonial role will be key to promoting the UK’s financial centre, so it’s important. Hopefully the ballot will not prove as contentious as last year’s.

Aside from elections, it is a strong week for space travel. On Monday, Nasa will be crashing a spacecraft into an asteroid at 23,000kph in order to divert its path. The $300mn Dart mission, short for Double Asteroid Redirection Test, has picked as its target an asteroid called Dimorphos because it orbits another asteroid rather than the sun.

The US space agency will be busy again the next day with the launch of Artemis I, the first in a series of increasingly complex missions to establish a permanent human base on the moon.

If that were not uplifting enough the week will end with the return of the London Marathon, albeit six months later than its usual April slot to enable it to take place at all after the disruption the pandemic brought.

Companies

Continuing the theme of play, Lego (the name is derived from the Danish phrase leg godt, or “play well”) reports half-yearly results on Wednesday. The toymaker has guided analysts to expect a normalising of sales after its pandemic boom but expectations are high that sales will continue to outpace rivals in the sector.

For petrol heads, Thursday is an exciting day because shares in Porsche will begin trading on the Frankfurt stock exchange after the long-awaited flotation of the luxury car brand.

It is a more sombre week for lovers of the silver screen. Ailing movie house chain Cineworld will report its half-year results on Friday. Although the group is expected to post a profit, contrasting with last year’s loss, focus will turn to its latest cash position and net debt level after the company filed for bankruptcy protection in the US earlier this month.

Economic data

This will be a week of finding out how economies are performing and how the public expect them to perform with gross domestic product figures from the US, Canada and the UK as well as several consumer confidence surveys.

We will also get further insights into the battle in Europe to calm inflation with the release of consumer price index and producer price index readings from Germany, France and Italy.

Read the full week ahead calendar here.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiP2h0dHBzOi8vd3d3LmZ0LmNvbS9jb250ZW50LzExN2YzMTIxLTA3MzgtNGVlNC05ZTcyLTM3NWFiMzc5NDU2NdIBAA?oc=5

2022-09-26 07:40:40Z
1579222651

Minggu, 25 September 2022

Wall Street Banks Reassess China Over Taiwan After Russia Losses - Bloomberg

[unable to retrieve full-text content]

Wall Street Banks Reassess China Over Taiwan After Russia Losses  BloombergView Full coverage on Google News
https://news.google.com/__i/rss/rd/articles/CBMibmh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTI2L3dhbGwtc3RyZWV0LWJhbmtzLXByZXAtZm9yLWdyaW0tY2hpbmEtc2NlbmFyaW9zLW92ZXItdGFpd2Fu0gEA?oc=5

2022-09-26 00:00:00Z
CAIiEJreDES02L695vLxVxNcXQ4qGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM

Chinese anthem booed as football returns to Hong Kong - CNA

HONG KONG: Hong Kong football fans were heard booing China's national anthem on Saturday (Sep 24) at the first match open to spectators in the city since legislation outlawing the practice was passed more than two years ago.

Supporters in Hong Kong have been barred from games for almost three years due to the COVID-19 pandemic, but boos at the anthem were previously heard in the stands as huge, sometimes violent pro-democracy protests swept the city in 2019.

Police equipped with video cameras looked on as fans booed "March of the Volunteers" for about 10 seconds on Saturday before the Hong Kong team took on Myanmar in front of more than 12,000 spectators, according to local media and an AFP reporter on the scene.

China imposed a sweeping national security law on Hong Kong in 2020 that outlaws acts of secession, subversion, terrorism or collusion with foreign forces.

Hong Kong's legislature also passed a bill specifically criminalising disrespectful acts towards the anthem, with a maximum penalty of three years in jail.

Long queues were seen snaking outside Hong Kong Stadium on Saturday night as fans queued for tickets for the highly anticipated return to action.

When China's national anthem was played, loud booing was clearly audible, though not at levels heard before the security law was passed, according to the AFP reporter.

When the song was over, fans loudly chanted "We are Hong Kong".

In November 2019, long and loud booing at the anthem was heard at two Asian qualifiers for the World Cup when Hong Kong played Bahrain and Cambodia at the same stadium.

The Hong Kong Football Association was fined 30,000 Swiss francs (US$30,500) by FIFA as a consequence.

In July last year, a man was charged with insulting the anthem for booing the song when watching a screening at a local mall of Hong Kong fencer Edgar Cheung receiving a gold medal at the Tokyo Olympics.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMidWh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYXNpYS9ob25nLWtvbmctZm9vdGJhbGwtZmFucy1ib28tY2hpbmEtbmF0aW9uYWwtYW50aGVtLWZyaWVuZGx5LW1hdGNoLW15YW5tYXItMjk2MzA0NtIBAA?oc=5

2022-09-24 15:36:00Z
1561397760

Sabtu, 24 September 2022

Princess of Wales Title History? From Catherine of Aragon to Princess Diana & Kate Middleton - Town & Country

princess of wales

Getty Images (2)

Princess of Wales, or Tywysoges Cymru in Welsh, is a courtesy titled that has been used for centuries. Typically held by the wife of the heir apparent to the English (later British) throne, the title currently belongs to Kate Middleton, the wife of Prince William.

Before the spouse of the heir to the British throne held the title, there were native Welsh princesses—yet there's only one wife of a Welsh prince who definitively used the title "Princess of Wales": Eleanor de Montfort, the wife of Llywelyn ap Gruffydd (also known as Llywelyn the Last). Llywelyn ap Gruffydd was one of the last princes of Wales before its conquest by Edward I of England. Yet, for clarity, this list will only define those who use the title who were married to the British heir to the throne.

There's a movement to get rid of the Prince and Princess of Wales titles; actor Michael Sheen said in 2020 that Charles should forfeit the title when he inherits the throne. If he gave up the title, Sheen said, it would be a "really meaningful and powerful gesture for that title to no longer be held in the same way as it has before, that would be an incredibly meaningful thing I think to happen." Sheen added, "Make a break there, put some wrongs of the past right, don't necessarily just because of habit and without thinking carry on that tradition that was started as an humiliation to our country." However, that didn't happen; one of the first things Charles did was bestow the title on his son, Prince William. (More on that appointment, here.)

As the Prince of Wales title has historically been given to the eldest living son and heir apparent of the current British monarch, a Princess of Wales title has not historically been given on its own. (I.e. Queen Elizabeth was not Princess of Wales, because she was not the heir apparent.) Yet, with the 2013 change to the rules of succession, there now can be a female heir apparent—but only time will tell if there will ever be a solo Princess of Wales.

Without further ado, here's a definitive list of all the Princesses of Wales throughout history.

1 Joan of Kent (1326 or 1327 - 1385)

Princess of Wales from 1361 until her husband's death in 1376

Joan, Duchess of Cornwall, Countess of Chester and Countess of Kent, was the first member of the British royal family to use the title Princess of Wales.

She married to Edward of Woodstock, known as the Black Prince, who was King Edward III's eldest son. Edward III was Joan's half-first cousin. Yet, Edward died before he inherited the throne, so their son, Richard of Bordeaux—later King Richard II—became king, and Joan became Dowager Princess of Wales.

2 Anne Neville (1456 - 1485)

Princess of Wales from 1470 until her first husband's death in 1471.

Anne Neville married Edward of Westminster, Prince of Wales, the son and heir apparent of King Henry VI, in 1740. Edward soon died, and then she married Richard, Duke of Gloucester, the younger brother of King Edward IV. Skip forward some history, and Anne actually becomes Queen—but not through a marriage to the Prince of Wales.

3 Catherine of Aragon (1485 - 1536)

Princess of Wales from 1501 until her first husband's death in 1502.

Catherine of Aragon was most famous as the first wife of King Henry VIII. Yet before she was married to King Henry VIII, she was the wife of Henry's older brother, Arthur, Prince of Wales, making her the Princess of Wales. Both Henry and Arthur were sons of King Henry VII. Yet, Arthur died just a year into their marriage, and she was soon betrothed to his brother. And we all know what happened next...

4 Caroline of Brandenburg-Ansbach (1683 - 1737)

Princess of Wales from 1714 until her husband's accession in 1727.

In 1705, Caroline married Prince George Augustus of Hanover, who was the heir apparent to the Electorate of Hanover and third in the English line of succession. Nine years later, after the death of Queen Anne, her father-in-law became King George I, and her husband, George Augustus was invested as the Prince of Wales and she became Princess of Wales. She became the first woman to get the title at the same time as her husband (versus getting the title through marriage), and the first Princess of Wales in over two centuries. Upon her husband's accession to the throne as King George II, she became queen consort.

5 Augusta of Saxe-Gotha-Altenburg (1719 - 1772)

Princess of Wales from 1736 until her husband's death in 1751.

Caroline's daughter-in-law Augusta of Saxe-Gotha-Altenburg was the next Princess of Wales upon marrying King George II and Caroline of Ansbach's son, Frederick, Prince of Wales. She became Princess of Wales when she married Frederick, but never became queen consort, because Frederick died before his father.

6 Caroline of Brunswick-Wolfenbüttel (1737 - 1817)

Princess of Wales from 1795 to her husband's accession in 1820.

Next up is Caroline of Brunswick-Wolfenbüttel, who married George Augustus Frederick, the eldest son of King George III and Queen Charlotte. She became Princess of Wales upon their marriage, yet, the two separated after the birth of their only child, Princess Charlotte (though they never divorced). Their daughter Charlotte was expected to ascend to the throne, but predeceased both George III and George IV.

7 Alexandra of Denmark (1844 - 1925)

Princess of Wales from 1863 to her husband's accession as King Edward VII in 1901.

Alexandra married Albert Edward, Prince of Wales, the son and heir apparent of Queen Victoria in 1863. That same year, her father became King Christian IX of Denmark and her brother became King George I of Greece. Alexandra held the title Princess of Wales from 1863 to 1901, the longest anyone has ever held the Princess of Wales title. She became Queen consort upon her husband's accession to the throne.

8 Mary of Teck

Princess of Wales from 1901 to her husband's accession as King George V in 1910.

Alexandra's daughter-in-law Mary of Teck was the next to hold the title; Mary married George V, who was heir to the throne when his father became King Edward VII. (George V was actually the second son, but his older brother, Prince Albert Victor, died in 1892). Mary was initially engaged to Albert Victor, but upon his death, she became engaged to George. In 1901, the two became Prince and Princess of Wales. She became the second Princess of Wales to get the title at the same time as her husband.

9 Diana Spencer (1961 - 1997)

Princess of Wales from 1981 until her death in 1997.

The next Princess of Wales would not be until decades after Mary; Mary and George's son, Prince Edward, was the next Prince of Wales, but never married while he had the title (he later abdicated the throne to marry Wallis Simpson), and then his younger brother, King George VI, did not have a son.

Therefore, the next Prince of Wales was Prince Charles, Queen Elizabeth's eldest son. His wife, Diana Spencer, became Princess of Wales upon their marriage in 1981, and though they divorced in 1996, she was still styled Diana, Princess of Wales until her tragic early death.

10 Camilla Parker-Bowles (1947 - present)

Princess of Wales from 2005 until her husband King Charles III's accession in 2022.

Yes, Camilla Parker-Bowles technically had the title Princess of Wales from her marriage to Prince Charles until his accession to the throne, but due to the popular association with Princess Diana, Camilla instead was styled as the Duchess of Cornwall.

Read more: Why Camilla Doesn't Use the Title 'Princess of Wales'

11 Kate Middleton (1982 - present)

Princess of Wales from 2022 to present.

Kate Middleton, formerly the Duchess of Cambridge, became the Princess of Wales upon her father-in-law's accession to the throne following the death of Queen Elizabeth. Kate became the third Princess of Wales in history to get the title at the same time as her husband.

In his first speech as monarch, King Charles said of Prince William, "Today, I am proud to create him Prince of Wales, Tywysog Cymru, the country whose title I have been so greatly privileged to bear during so much of my life and duty. With Catherine beside him, our new Prince and Princess of Wales will, I know, continue to inspire and lead our national conversations, helping to bring the marginal to the centre ground where vital help can be given."

Read more: Prince William and Kate Middleton Are Officially Prince and Princess of Wales

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiXmh0dHBzOi8vd3d3LnRvd25hbmRjb3VudHJ5bWFnLmNvbS9zb2NpZXR5L3RyYWRpdGlvbi9nNDEzMTg3MTUvcHJpbmNlc3Mtb2Ytd2FsZXMtdGl0bGUtaGlzdG9yeS_SAQA?oc=5

2022-09-24 12:00:07Z
1577352404

Jumat, 23 September 2022

Singapore replaces Hong Kong as Asia's top finance centre - CNA

HONG KONG: Hong Kong has lost its crown as Asia's premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots.

Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was published late on Thursday (Sep 22).

Hong Kong has adhered to a version of China's strict zero-COVID rules throughout the pandemic, battering the economy and deepening a brain drain as rival business hubs reopen.

The city still mandates three days of hotel quarantine for all international arrivals while its border with the Chinese mainland is mostly closed.

In contrast, Singapore successfully shifted to endemicity earlier this year and has reopened without restrictions.

The city-state is hosting a slew of financial and business conferences in the coming months as well as a Formula 1 night race next week, while about 4 million people are expected to visit this year.

In a 600-word statement responding to the latest GFCI ranking, Hong Kong's government focused on the city scoring a higher points rating than the year before.

"We will continue to listen to views and be bold in taking forward reforms to consolidate and strengthen Hong Kong's capital market and our role as an international financial centre," the government said.

The statement did not mention the coronavirus or the ongoing pandemic controls.

San Francisco came in at number five in the survey, up two spots. Shanghai, which was shut down earlier this year under China's coronavirus controls, was number six followed by Los Angeles, Beijing and Shenzhen.

Paris took tenth spot, replacing Tokyo, which fell to 16th place.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiXmh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYnVzaW5lc3MvaG9uZy1rb25nLWZpbmFuY2lhbC1odWItc2luZ2Fwb3JlLWNvdmlkLXJ1bGVzLTI5NTk5NzHSAQA?oc=5

2022-09-23 04:07:00Z
1577448792

Queen's death: British magazine claims Elizabeth II died at around 3pm - Yahoo Singapore News

Queen Elizabeth II is under medical supervision. (PA)

Queen Elizabeth died on 8 September. (PA)

Queen Elizabeth II died around 3pm on 8 September, three and a half hours before the official announcement, a British magazine has claimed.

Private Eye also claimed the monarch had been quite ill for some time and only managed to do the state appearances she did in the final months of her reign with the help of medication, despite Buckingham Palace blaming "ongoing mobility issues" for her absence.

The magazine said the Queen was "physically weak, although mentally alert".

Private Eye said the Queen had hoped to receive Boris Johnson and new PM Liz Truss for the official handover of power in London, but her doctors told her she was not fit enough to leave Balmoral.

Read More: Lying In State: Mourners describe 'eerie but beautiful' Westminster Hall atmosphere

Members of the Royal Family rushed to be at the Queen's side on 8 September. (PA)

Members of the Royal Family rushed to be at the Queen's side on 8 September. (PA)

Despite her limited mobility, she was still able to carry on her normal tasks, including reportedly managing to call her horse racing manager to check on how one of her horses was doing in the days before her death.

But she became seriously ill on 8 September, catching many of those close to her and the wider Royal Family by surprise.

Although most of her family rushed to see her as soon as it became aware she was gravely ill, in the end only Princess Anne and the former Prince of Wales were there at her bedside when she died.

Private Eye said the Queen died around 3pm, but the required phone calls to inform the wider political and media establishment were delayed until all of the Royal Family could be informed.

The magazine claims the way the Royal Family's press team handled the death of the Queen was informed by the death of Prince Philip.

They said Buckingham Palace was still claiming Philip was in "good spirits" when he was "being revived by crash teams" around the time of his death.

Read more: King Charles coronation: When will he be crowned and will there be a bank holiday?

BBC News anchor wearing black Huw Edwards announces the death of Queen Elizabeth II on a screen at a home in the Midlands on 8th September 2022 in Birmingham, United Kingdom. It was announced this evening that the Queen had died peacefully at Balmoral after being placed under medical supervision earlier today. (photo by Mike Kemp/In Pictures via Getty Images)

Huw Edwards was in black tie by 2pm before he announced the Queen's death at 6.30pm. (Getty)

The Palace also struggled to keep a lid on the news of the Queen's health as members of the royal staff began briefing trusted journalists about the seriousness of her situation.

Coincidentally, BBC journalist Yalda Hakim tweeted the Queen had died around the actual time of the Queen's death, despite not knowing this and later retracting the tweet saying she had been mistaken.

On the day of the Queen's death, the nation came to a standstill almost as soon as Buckingham Palace said they were concerned about the monarch's health.

The BBC suspended normal programming from 12.30pm, with an episode of Bargain Hunt cut short.

Politicians were stunned into silence in the middle of a debate on the government's answer to the energy bill crisis.

Royals rushed to Balmoral from across the country with Prince William, Andrew and Edward arriving by car around 5pm.

Initial reports suggested the group arrived before the Queen's death, with only Prince Harry missing out on seeing her one last time, but this now appears to not be the case.

By 2pm, BBC journalists had all switched into black dress and tie.

The Queen's death was announced to the public at 6.30pm.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMibmh0dHBzOi8vc2cubmV3cy55YWhvby5jb20vcXVlZW5zLWRlYXRoLWJyaXRpc2gtbWFnYXppbmUtY2xhaW1zLWVsaXphYmV0aC1paS1kaWVkLWF0LWFyb3VuZC0zLXBtLTE1MjYyMzY4My5odG1s0gF2aHR0cHM6Ly9zZy5uZXdzLnlhaG9vLmNvbS9hbXBodG1sL3F1ZWVucy1kZWF0aC1icml0aXNoLW1hZ2F6aW5lLWNsYWltcy1lbGl6YWJldGgtaWktZGllZC1hdC1hcm91bmQtMy1wbS0xNTI2MjM2ODMuaHRtbA?oc=5

2022-09-22 15:26:52Z
CBMibmh0dHBzOi8vc2cubmV3cy55YWhvby5jb20vcXVlZW5zLWRlYXRoLWJyaXRpc2gtbWFnYXppbmUtY2xhaW1zLWVsaXphYmV0aC1paS1kaWVkLWF0LWFyb3VuZC0zLXBtLTE1MjYyMzY4My5odG1s0gF2aHR0cHM6Ly9zZy5uZXdzLnlhaG9vLmNvbS9hbXBodG1sL3F1ZWVucy1kZWF0aC1icml0aXNoLW1hZ2F6aW5lLWNsYWltcy1lbGl6YWJldGgtaWktZGllZC1hdC1hcm91bmQtMy1wbS0xNTI2MjM2ODMuaHRtbA

Kamis, 22 September 2022

Taiwan eyes mid-October end to COVID quarantine on road to re-opening - Reuters

TAIPEI, Sept 22 (Reuters) - Taiwan aims to end its mandatory COVID-19 quarantine for arrivals from around Oct. 13 and will ease other restrictions from next week as it continues to re-open to the outside world, the government said on Thursday.

Taiwan has kept some of its entry and quarantine rules in place as large parts of the rest of Asia have relaxed or lifted them completely, though in June it cut the number of days required in isolation for arrivals to three from seven previously.

Taiwan has reported six million domestic cases since the beginning of the year, driven by the more infectious Omicron variant. With more than 99% of those showing no or only mild symptoms, the government has relaxed rather than tightened restrictions in its "new Taiwan model".

Cabinet spokesman Lo Ping-cheng told reporters that from next Thursday visa-free entry will be resumed for citizens of all countries that previously had that status. The government will also increase weekly arrival limits for international travellers by 10,000 to 60,000, he said, with no more PCR tests for arrivals.

If "everything is under control", the government is aiming to end mandatory quarantine for all arrivals from around Oct. 13, with arrivals rising to 150,000 a week, Lo said.

"This is the last mile in our fight against the pandemic," he said, speaking after a weekly Cabinet meeting, adding the government is making all preparations needed to reopen its door to international tourists and to revive domestic businesses hit by previous COVID-related curbs.

Those who test positive, however, still need to quarantine at home or in designated hotels, the government said.

While Taiwan's vaccination rate is high, the daily number of cases has been rising again, with more than 46,000 reported on Wednesday.

Throughout the pandemic Taiwanese citizens and foreign residents have not been prohibited from leaving and then re-entering, but have had to quarantine at home or in hotels for up to two weeks.

Before the pandemic, Taiwan was a popular tourist destination for mainly Asian visitors, with Japan, South Korea and Southeast Asia the most important markets.

Reporting by Yimou Lee and Ben Blanchard; Editing by Himani Sarkar and Kenneth Maxwell

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMibGh0dHBzOi8vd3d3LnJldXRlcnMuY29tL3dvcmxkL2FzaWEtcGFjaWZpYy90YWl3YW4tYWltcy1lbmQtY292aWQtcXVhcmFudGluZS1hcnJpdmFscy1taWQtb2N0b2Jlci0yMDIyLTA5LTIyL9IBAA?oc=5

2022-09-22 04:13:00Z
1571002639

Rabu, 21 September 2022

China Losing Appeal as European Firms Rethink Future Investments - Bloomberg

[unable to retrieve full-text content]

  1. China Losing Appeal as European Firms Rethink Future Investments  Bloomberg
  2. European business group warns of loss of confidence in China  CNA
  3. Zero-Covid harming 75% of European firms in China - The Jakarta Post  The Jakarta Post
  4. EU chamber report's allegation of China losing business allure to European firms is 'untrue', laying bare their economic malaise: observer  Global Times
  5. Zero-COVID harming 75% of European firms in China: Business group  CNA
  6. View Full coverage on Google News

https://news.google.com/__i/rss/rd/articles/CBMic2h0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTIxL2NoaW5hLWxvc2luZy1hcHBlYWwtYXMtZXVyb3BlYW4tZmlybXMtcmV0aGluay1mdXR1cmUtaW52ZXN0bWVudHPSAQA?oc=5

2022-09-21 10:25:21Z
1569205123

European business group warns of loss of confidence in China - CNA

SHANGHAI: A top European industry group warned on Wednesday (Sep 21) that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID-19 policy as a key factor.

The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country.

The report, which touched on issues from Taiwan to trade, said, for example, that China should refrain from "erratic policy shifts", deepen cooperation with the European Union and increase international flights.

The European Union should proactively engage with China and reject calls for disengagement, it added.

A "stark contrast" has emerged between China and the rest of the world over the past year, as other countries remain committed to globalisation while China continues to turn inward, the chamber's president, Joerg Wuttke, told a media briefing.

"The world lives with herd immunity, and China waits until the world gets rid of Omicron, which is of course unlikely," he said, referring to China's rigid zero-COVID stance, which has led to frequent lockdowns and kept borders mostly shut to international travel.

China says its policy is needed to prevent its health system from being overwhelmed as well as an unacceptable loss of life.

Besides COVID, the chamber said stalled reforms of China's state-owned enterprises, an exodus of European nationals from China coupled with travel restrictions for Chinese staff to go abroad as well as increased politicisation of business were also harming China's attractiveness.

The report said record numbers of businesses looked to shift current or planned investments to other markets.

Last month, a US business lobby said China's strict COVID-19 control measures had overtaken sour US-China relations as the top concern of US companies in the country.

China is one of the few countries still requiring travellers to quarantine on arrival, and Wuttke said the chamber remained hopeful that restrictions could loosen after the ruling Communist Party's five-yearly congress, which starts Oct 16.

While Xi Jinping is expected to secure a historic third leadership term, it is not yet clear who will join him on the Politburo Standing Committee and who will replace Premier Li Keqiang, who is set to retire in March from his role whose main remit is managing the world's second-largest economy.

Wuttke said that Vice Premier Liu He, who is expected to retire from his current position, always stood for reform and "would be hard to replace".

"We have to see what the line-up is in the economic decision-making, and that might give us some indications of where this country is heading," he said.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMia2h0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vYnVzaW5lc3MvZXVyb3BlLWJ1c2luZXNzLWdyb3VwLXdhcm5zLWxvc3MtY29uZmlkZW5jZS1jaGluYS1jb3ZpZC0xOS0yOTUzMzUx0gEA?oc=5

2022-09-21 00:44:00Z
1569205123

Selasa, 20 September 2022

International tourists travel to Japan, spend big at top tourist spots in Tokyo - SoraNews24

First weekend following new entry procedures sees foreign visitors picking up loads of bargains, thanks to the weak yen.

After closing its borders to international tourists due to the pandemic and the rapid spread of the Omicron variant, Japan has been making small but positive steps towards reopening the country again. 

Back in June, the Japanese government increased inbound traveller caps from 10,000 to 20,000 a day, and abolished the need for proof of vaccination and PCR testing for certain countries. The only catch was that visitors needed to be part of a supervised tour group, which wasn’t ideal for a lot of people, both in terms of expense and the restrictions it put on the places they could visit. 

However, that all changed on 7 September, when a new raft of changes came into effect, with inbound caps being raised to 50,000 and the abolishment of the supervised tour group requirement. While travellers are now required to book their travel as a package tour, this affords visitors greater freedom over where they can travel, and the amount of time they can spend at their chosen locations.

For many travellers, the locations they most want to visit are Japanese stores, not just for the items they’ve long been waiting to purchase, but the chance to purchase them at super cheap prices, given that the yen is the weakest it’s been in 24 years.

Some of the travellers who took advantage of the low yen on the first weekend after the new travel requirements came into effect arrived from countries as varied as England, Saudi Arabia, and Latvia, as this following news report shows, and they all have one thing in common — wallets full of cash with which to go shopping.

As the above report shows, travellers have been stocking up on anime goods, souvenirs, and even bottles of sesame oil. One gent in particular, from Singapore, tells the reporter that he spent 1.4 million yen (US$9774.69) that day. His haul includes expensive Louis Vuitton bags and top-shelf whiskey, which he says are much cheaper to buy here, given the weak yen, as it would cost him three times as much to buy the same items back home. 

A couple of American tourists in Tokyo’s otaku mecca of Akihabara can be seen buying a One Piece figurine and DVD, before dropping 3,000 yen ($20.93) on a UFO catcher machine at a local game centre and then 4,400 yen on a Gundam model. They also go on to purchase half-a-dozen anime-related goods that come to a total of 21,200 yen, and they were clearly thrilled with their shopping trip, saying it was easy to buy a lot of things as the current conversion rate made the price of everything so cheap. 

Even buying a Japanese-style engagement ring or wedding ring is surprisingly affordable if you’re converting American dollars to yen at the moment, with one jewellery store in Ginza saying they’ve seen an uptick in foreign customers already. 

With foreign tourists spending big on the first weekend since the new entry changes came into effect, Japan can expect to see a huge surge in spending once the country finally reopens its borders without restrictions. According to government sources, it shouldn’t be long before that happens, with an official announcement from Prime Minister Kishida expected to be just days away. 

Sources: YouTube/ANNnewsCH via Yahoo! Japan, Hachima Kikou
Top image: Pakutaso
● Want to hear about SoraNews24’s latest articles as soon as they’re published? Follow us on Facebook and Twitter!

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMicWh0dHBzOi8vc29yYW5ld3MyNC5jb20vMjAyMi8wOS8yMS9pbnRlcm5hdGlvbmFsLXRvdXJpc3RzLXRyYXZlbC10by1qYXBhbi1zcGVuZC1iaWctYXQtdG9wLXRvdXJpc3Qtc3BvdHMtaW4tdG9reW8v0gEA?oc=5

2022-09-20 17:33:59Z
CAIiEPrF0dgTLNs8fq9vCcaTFhAqGQgEKhAIACoHCAow4arvCjD3xrYCMJG4gQM

2 people given undiluted Covid-19 vaccine at Hougang clinic, 1 discharged after hospitalisation - The Straits Times

SINGAPORE - Two adults were each given a full vial of the undiluted Pfizer-BioNTech Covid-19 vaccine at a clinic in Hougang on Sept 15.

Responding to queries, the Ministry of Health (MOH) said on Tuesday that one of them was hospitalised after experiencing a headache and an increased heart rate, and has since been discharged.

The other patient did not report any adverse reaction.

The MOH said it was alerted to the incident on Sept 19 and that both individuals were given the vaccine at ProHealth Medical Group @ Hougang.

Each full vial of the undiluted vaccine contains five doses' worth.

Said the Health Ministry: "MOH takes a serious view of this incident and is carrying out a thorough investigation.

"The clinic and doctor who administered the vaccine have been suspended from the National Vaccination Programme until further notice."

The Straits Times has asked MOH when the hospitalised patient was discharged, and what members of the public should do if they suspect they have been given an undiluted dose of the vaccine.

There have been previous incidents of the wrong Covid-19 vaccine dosage being administered to patients.

A staff member at the Singapore National Eye Centre was given five doses of the Pfizer-BioNTech vaccine in one injection on Jan 14 last year.

The centre said later that the mistake arose from human error after a lapse in communication among members of the vaccination team.

It said the worker in charge of diluting the vaccine had been called away to attend to other matters before it was done.

A second staff member had then mistakenly thought the undiluted dose in the vial was ready to be administered.

The error was discovered within minutes of the vaccination.

In another incident, 117 patients and staff at Bukit Merah Polyclinic were given around one-tenth the recommended dose between Oct 20 and Oct 22 last year, requiring replacement doses.

In this case, the error was reportedly the result of a mistake in identifying markings on new syringes.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMihgFodHRwczovL3d3dy5zdHJhaXRzdGltZXMuY29tL3NpbmdhcG9yZS9oZWFsdGgvdHdvLWFkdWx0cy1naXZlbi11bmRpbHV0ZWQtY292aWQtMTktdmFjY2luZS1vbmUtZGlzY2hhcmdlZC1hZnRlci1uZWVkaW5nLWhvc3BpdGFsaXNhdGlvbtIBAA?oc=5

2022-09-20 12:44:04Z
1575342888

China Mortgage Boycotts Grow as Homebuyers Regroup On GitHub's WeNeedHome - Bloomberg

[unable to retrieve full-text content]

China Mortgage Boycotts Grow as Homebuyers Regroup On GitHub's WeNeedHome  BloombergView Full coverage on Google News
https://news.google.com/__i/rss/rd/articles/CBMibWh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTIwL2NoaW5hLW1vcnRnYWdlLWJveWNvdHRzLWdyb3ctYXMtaG9tZS1idXllcnMtcmVncm91cC1vbmxpbmXSAQA?oc=5

2022-09-20 07:09:03Z
CBMibWh0dHBzOi8vd3d3LmJsb29tYmVyZy5jb20vbmV3cy9hcnRpY2xlcy8yMDIyLTA5LTIwL2NoaW5hLW1vcnRnYWdlLWJveWNvdHRzLWdyb3ctYXMtaG9tZS1idXllcnMtcmVncm91cC1vbmxpbmXSAQA

Senin, 19 September 2022

Farewell to the queen: Emotional crowds line streets of London and Windsor - CNA

LONDON/WINDSOR: Vast crowds gathered in London and Windsor for Queen Elizabeth II's state funeral watched the grand procession in silence and awe on Monday, as some wept, others clutched one another for support, and some held up their children to view 'the making of history'.

In central London where the funeral began, tens of thousands lined the streets around Westminster Abbey, the Mall - the elegant avenue leading up to Buckingham Palace - and Hyde Park. Many had camped overnight or arrived in the chilly early hours.

At the first sight of the queen's coffin being borne to Westminster Abbey, a hush fell over the crowds, who followed the funeral service on large television screens or from a radio broadcast on loudspeakers.

Many said the scale and pageantry of the funeral captured how they felt and was a fitting goodbye to the queen, who died on Sep 8 aged 96. She had been on the throne for 70 years, and most Britons have known no other monarch.

"I find it hard to express in words what we just witnessed. This was really special and memorable," said Camilla Moore, 53, from Nottingham, after watching the funeral service in London. "It was terribly sad. So very, very sad. The end of an era."

Chloe Jesson, 59, had travelled south from Manchester and said she found the ceremony emotional.

"You felt the sadness for the country and her family. At the same time it was a celebration of her life ... I occasionally cried, but I was never sad, if that makes any sense," she said.

"The best thing was there were people from all walks of life, each race and religion and everyone came here to celebrate."

After the service, the queen's coffin was taken on a gun carriage, escorted by her family and thousands of soldiers dressed in ceremonial finery, past her Buckingham Palace home and on to Wellington Arch at Hyde Park Corner, to the strains of funeral marches.

From there, it was placed on a hearse and driven to Windsor Castle, west of London. The queen will be at the castle, in the King George VI Memorial Chapel.

Hundreds of thousands of well-wishers lined the route, throwing flowers, cheering and clapping as it passed from the city to the English countryside that she so loved much.

John Ellis, 56, an army veteran, came from Portsmouth to Windsor, and watched the services from Long Walk, the 3-mile-long avenue that sweeps to Windsor Castle through Windsor Great Park.

"It's been a moving day. I've been struck by the reverence of everybody throughout," he said.

"My own emotions were mixed, up and down... The most moving moment I think was when the hearse went past. I was really struck by the silence. Especially with all the bands there, I thought there was going to be lots of music and fanfare and there wasn't, there was just silence."

As the funeral procession drew close to the castle, even the queen's beloved pony and corgis were taken out to watch.

"A LOVING AND CARING PERSON"

Colin Sanders, 61, a retired soldier who had come to London from North Yorkshire to bid farewell to the queen, struggled to hold back tears listening to the ceremony on the Mall.

"It felt like we were there and part of it ... it was very moving," he said.

"I knew I'd well up ... She's like your grandma, a loving and caring person. She said she'd serve the country and that's what she did."

It was Britain's first state funeral since 1965, when World War II leader Winston Churchill was afforded the honour.

More than an hour before the funeral service began all viewing areas in central London were declared full. Authorities had said they expected up to a million people might travel to the capital.

Melanie Odey, 60, a teacher, had camped out in a tent with her daughters and grandchildren after arriving on Sunday afternoon.

"This is a once-in-a-lifetime opportunity to be part of history, to pay your respects," she said.

Some in the crowds were silent and sombre, dressed in black. Others wore bright colours and said they wanted to celebrate the queen's life.

Anna Kathryn from Richmond, in southwest London, had never met or seen the queen. Yet she said her family felt they had a personal tie with her.

"It is like we have had a death in the family, we couldn't miss this," she said. "She was such a bright spot in everyone's lives and now it feels like that light has gone out."

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMibWh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvZmFyZXdlbGwtcXVlZW4tZW1vdGlvbmFsLWNyb3dkcy1saW5lLXN0cmVldHMtbG9uZG9uLWFuZC13aW5kc29yLTI5NDg4NzbSAQA?oc=5

2022-09-19 19:13:39Z
1562509238

With pomp and sorrow, world bids final farewell to Queen Elizabeth II - CNA

The Lord Chamberlain, the most senior official in the royal household, then broke his "Wand of Office", signifying the end of his service to the sovereign, and placed it on the casket which then slowly descended into the royal vault.

As the congregation sang God Save the King, King Charles, who faces a huge challenge to maintain the appeal of the monarchy as economic hardship looms in Britain, appeared to be fighting back tears.

It was in the same vast building that the queen was photographed alone, mourning her husband of 73 years, Prince Philip, during the pandemic lockdown, reinforcing the sense of a monarch in sync with her people during testing times.

Later on Monday evening, in a private family service, the coffins of Elizabeth and Philip, who died last year aged 99, were moved from the vault to be buried together in the same chapel where her father, King George VI, mother, and sister, Princess Margaret, also rest.

"ABUNDANT LIFE"

At the state funeral, Welby told those present that the grief felt by so many across Britain and the wider world reflected the late monarch's "abundant life and loving service".

"Her late majesty famously declared on a 21st birthday broadcast that her whole life would be dedicated to serving the nation and Commonwealth. Rarely has such a promise been so well kept," Welby said.

Music that played at the queen's wedding in 1947 and her coronation six years later again rang out. The coffin entered to lines of scripture set to a score used at every state funeral since the early 18th century.

After the funeral, her flag-draped casket was pulled by sailors through London's streets on a gun carriage in one of the largest military processions seen in Britain, involving thousands of members of the armed forces dressed in ceremonial finery.

They walked in step to funeral music from marching bands, while in the background the city's famous Big Ben tolled each minute. Charles and other senior royals followed on foot.

The casket was taken from Westminster Abbey to Wellington Arch and transferred to a hearse to travel to Windsor, where more big crowds waited patiently.

Adblock test (Why?)


https://news.google.com/__i/rss/rd/articles/CBMiamh0dHBzOi8vd3d3LmNoYW5uZWxuZXdzYXNpYS5jb20vd29ybGQvcG9tcC1hbmQtc29ycm93LXdvcmxkLWJpZHMtZmluYWwtZmFyZXdlbGwtcXVlZW4tZWxpemFiZXRoLWlpLTI5NDkyMTHSAQA?oc=5

2022-09-19 16:53:00Z
1563568580