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MILAN/LONDON/MUMBAI (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. Europe is getting over its skis in trying to find a common solution for the upcoming Christmas winter sports season. Non-European Union Switzerland has already opened several winter resorts, albeit with distancing and restrictions to after-skiing gatherings. The mid-sized lender is hiring advisers to assess the French group’s “unexpected and unsolicited” 737 million euro cash offer. The median airline’s cash might only last around eight months longer.
Persons: Lisa Jucca, Italy’s Credito, Investor Petrus, Creval, Breakingviews, Philippe Brassac, Intesa Sanpaolo, UniCredit, Emiliano, Amanda Blanc, Blanc, Aimee Donnellan, Lucio Tan, Una Galani, Lockdowns, Fuller Smith, Turner, Fuller, Christopher Thompson Organizations: MILAN, Reuters, Corona, Agricole, Investor, Investor Petrus Advisers, Credit, Banca, Banca Monte dei, Banco, Aviva, Credit Suisse, Philippine Airlines, Japan’s ANA, Nikkei, Airlines, International Air Transport Association, Mitchells, Butlers Locations: LONDON, MUMBAI, Passo, Passo del Tonale, Italy, Europe, Germany, France, Austria, Union Switzerland, EU, Siena, Asia, United Kingdom, Ireland, Canada, Una, London
Breakingviews - Corona Capital: Asian airlines, British pubs
  + stars: | 2020-11-26 | by ( Breakingviews Columnists | ) sentiment -1.00   time to read: +2 min
Sign hangs outside The Artillery Arms pub, owned by Fuller's and temporarily closed amid the coronavirus disease (COVID-19) outbreak in London, Britain, November 24, 2020. MUMBAI/LONDON (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST- Asian airlines- British pubsFLYING BLIND. Lockdowns saw operators Mitchells & Butlers, which operates 1,700 drinking holes across the country, and London-centric Fuller Smith & Turner on Thursday report annual and half-year net losses of 112 million pounds and 20.3 million pounds, respectively. Now leverage has gone from tipsy to intoxicated: Fuller’s net debt is nearly 4 times projected EBITDA in its next financial year, according to Refinitiv data.
Persons: Lucio Tan, Una Galani, Lockdowns, Fuller Smith, Turner, Fuller, Christopher Thompson Organizations: Artillery, Fuller's, Reuters, Corona, Philippine Airlines, Japan’s ANA, Nikkei, Airlines, International Air Transport Association, Mitchells, Butlers Locations: London, Britain, MUMBAI, Asia, Una
Philippines, private firms to sign vaccine supply deal with AstraZeneca
  + stars: | 2020-11-26 | by ( Reuters Staff | ) sentiment -0.99   time to read: +2 min
MANILA (Reuters) - The Philippines is set to sign a supply agreement for AstraZeneca’s potential COVID-19 vaccine on Friday, the first such deal in a country aiming to further reopen its economy that has been ravaged by the pandemic. Carlito Galvez, a top coronavirus task force official, told a media briefing the deal would be for two million doses. However, Joey Concepcion, a government business adviser, told Reuters the private sector was aiming to procure more than that. The private firms will pay for the vaccine and donate half of the supply to the government, with the other half to be used to cover employees in the private sector, Concepcion said, without identifying the private companies. The government is also in talks with China’s Sinovac over a 20-50 million vaccine supply deal, as well as U.S. drugmaker Pfizer, Galvez said earlier.
Persons: Carlito Galvez, Joey Concepcion, Galvez, China’s Organizations: Reuters, AstraZeneca, University of Oxford, drugmaker Pfizer Locations: MANILA, Philippines, inoculate, Concepcion, Southeast Asia, Indonesia, Asia
AUSTRALIAIt has agreed to buy 135 million doses: 34 million from AstraZeneca, 40 million from Novavax Inc, 10 million from Pfizer and 51 million from CSL Ltd. It expects delivery of 3.8 million doses of AstraZeneca’s vaccine in January and February next year. It hopes to lock in 60 million doses in total and also is in talks with Pfizer and Sinovac. BANGLADESHBangladesh signed a deal with India’s Serum to buy 30 million doses of the AstraZeneca vaccine. It also expects to receive 68 million doses from GAVI at a subsidized rate, a senior health ministry official said.
Persons: Dado, Sputnik, Johnson Organizations: Reuters, Pfizer Inc, Moderna Inc, AstraZeneca Plc, REUTERS, AstraZeneca, Novavax Inc, Pfizer, CSL Ltd, Western, Shenzhen Kangtai Biological, Shanghai Fosun Pharmaceutical Group, Tibet Rhodiola Pharmaceutical, Johnson, Shionogi, Co, SOUTH, drugmakers, Serum Institute of India, Sputnik, Sinovac, India’s Locations: AUSTRALIA, CHINA China, China, Shenzhen, Shanghai, Tibet, China . China, JAPAN Japan, Japan, SOUTH KOREA, COVAX, India, TAIWAN Taiwan, PHILIPPINES, Philippines, INDONESIA, Indonesia, VIETNAM, BANGLADESH Bangladesh
Unified ASEAN can avert South China Sea conflict - Philippine minister
  + stars: | 2020-11-25 | by ( Karen Lema | ) sentiment -0.99   time to read: +2 min
MANILA (Reuters) - Tensions in the South China Sea will increase due to a U.S.-China rivalry that could be kept in check, if only Southeast Asian countries took a united stand to influence the status quo, a top Philippine security official said on Wednesday. China says it has historical sovereignty over nine-tenths of the South China Sea. Lorenzana said the issue was front and centre during discussions since May with counterparts in Japan, China, Australia, France and the United States. That the South China Sea is important to a lot of nations,” he said. Lorenzana said Southeast Asia worries the risk of armed conflict is rising.
Persons: Delfin Lorenzana, Romeo Ranoco, ” Lorenzana, ” Lorenzana’s, Lorenzana, , Organizations: Philippine Defence, REUTERS, of Southeast Asian Nations, Defence, ASEAN Locations: MANILA, South, U.S, China, Philippine, Aquinaldo, Quezon city, Manila, Philippines, South China, Beijing, Washington, The Philippines, Malaysia, Brunei, Vietnam, Japan, Australia, France, United States, ” China, Southeast Asia
Singapore nearly virus free after local cases and clusters cease
  + stars: | 2020-11-25 | by ( Aradhana Aravindan | John Geddie | ) sentiment -1.00   time to read: +2 min
While Singapore has reported zero local cases for two weeks, there has been a trickle of infected people arriving from abroad who have been immediately isolated, authorities say. Singapore was one of the first countries to report a COVID-19 case outside of China, where the virus first surfaced, on Jan. 23. But it still took many months to stifle the clusters there even as cases in the broader community stayed low. When daily infections were peaking in April, the city-state had the most cases of the disease in Southeast Asia. While life has returned to relative normal since then, mask wearing is mandatory, there are strict social distancing rules, and the island’s borders remain largely closed.
Persons: Edgar Su Organizations: REUTERS, SINGAPORE Locations: Singapore, Southeast Asia, Bangladesh, India, China, Indonesia, Philippines
China's Manila mission says 'dangerous' U.S. creating chaos in Asia
  + stars: | 2020-11-24 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
MANILA (Reuters) - China’s embassy in the Philippines has denounced the United States for “creating chaos” in Asia, after a visiting White House envoy backed countries in disputes with China and accused Beijing of using military pressure to further its interests. China claim to 90% of the South China Sea includes areas claimed by Brunei, Malaysia, the Philippines, Taiwan and Vietnam. The United States has repeatedly sent warships to the strategic waterway to demonstrate freedom of navigation there. “Facts have proved that the U.S. is the biggest driver of the militarization,” the embassy statement said, calling it “the most dangerous external factor” in the South China Sea. The United States embassy in Manila had no immediate response.
Persons: Robert O’Brien, “ we’ve, , O’Brien Organizations: White, United Locations: MANILA, Philippines, United States, Asia, China, Beijing, Manila, Taiwan, Vietnam, U.S, South, Taiwan and Hong Kong, Brunei, Malaysia, South China
China's embassy in Manila says visiting U.S. envoy is 'creating chaos' in Asia
  + stars: | 2020-11-24 | by ( ) sentiment -0.99   time to read: +1 min
Fuyang City, Anhui Province, China, July 29, 2020. China's embassy in the Philippines has denounced the United States for "creating chaos" in Asia, after a visiting White House envoy backed countries in disputes with China and accused Beijing of using militarypressure to further its interests. The United States should "stop inciting confrontation" in the South China Sea and "stop making irresponsible remarks on the Taiwan and Hong Kong issue, which are purely China's internal affairs," the statement said. O'Brien has warned China it would face a "backlash" if it attempted to use military force to coerce Taiwan, which China views as one of its provinces with no right to state-to-state ties. The United States and China have been at loggerheads over issues from technology and human rights to Chinese maritime militarization, with each accusing the other of deliberately provocative behavior.
Persons: Robert O'Brien, we've, O'Brien Organizations: White Locations: Fuyang City, Anhui Province, China, China's, Philippines, United States, Asia, Beijing, Manila, Taiwan, Vietnam, U.S, South, Taiwan and Hong Kong
Sales kickoffs can be an incredible tool or they can fall incredibly flat when it comes to engaging sales teams— especially when teams are working from home. On December 10, 2020, Salesforce will host a free digital event to discuss how to plan an inspiring sales kickoff. Registration for "5 Must-Haves for the Ultimate Sales Kickoff" is now open — register below. Register now to hear how to plan the ultimate virtual sales kickoff event. But not all sales kickoffs are effective and it can be even more challenging to inspire sales teams remotely.
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No matter how you’re celebrating Thanksgiving this year, you can put a twist on your traditional mashed potatoes and stuffing by swapping in one of these Asian and Asian-inspired side dishes. Charles ChenCharles Chen, a celebrity chef and TV host, created this lighter version of mashed potatoes that has a green pop of color and a savory mushroom flavor. This year, at Asapahu’s family-owned restaurant, Ayara Thai, you can order a Thanksgiving feast to-go that includes tom kha mashed potatoes, Thai-spiced turkey and fish sauce roasted Brussels sprouts. Chef Shota Nakajima of Taku in Seattle created this soup recipe as a delicious and thrifty way of repurposing leftover mashed potatoes. You whisk buttery mashed potatoes into simmering dashi, which is a Japanese soup stock.
Persons: Charles Chen Charles Chen, , Vanda Asapahu, serrano, Shivangi Rao, Rao, ” Rao, Reggie Soang, ” Soang, Tony Nguyen, Bill Kim, Chef Shota Nakajima Organizations: Angeles, Express, Target, Walmart, Foods, Urban, CBS Chicago, Wine, NBC, Facebook, Twitter Locations: Taiwan, Brussels, Thailand, San Francisco, Western Massachusetts, Nha Trang, U.S, New York, , Mumbai, Philippines, China, Los Angeles, Rose, California, Chicago, Taku, Seattle, America
This is certainly true with foreign policy, where the American president has unparalleled power. To help him now that he’s won the election, Biden has named Antony Blinken as his secretary of state and Jake Sullivan as his national security adviser. Yet just because Trump did not fundamentally transform American foreign policy does not mean that things will always continue as they have. Whichever side wins, the hope of maintaining American power at the same level is an illusion. Preventing such worst-case scenarios should be the goal of those who desire a less militarized and aggressive American foreign policy.
Persons: Joe Biden, Donald Trump’s, Trump, he’s, Biden, Antony Blinken, Jake Sullivan, Blinken, Sullivan, Barack Obama, it’s, Obama Organizations: Trump, Republican Party, Democratic Party, The New York Times, America, U.S, NATO, South China Locations: China, America, Washington, U.S, South Korea, Montenegro, Macedonia, Venezuela, Iran, Tehran, Philippines, Beijing, Asia, Pacific, South, Taiwan, East Asia
'We've got your back' - Trump advisor vows U.S. support in South China Sea
  + stars: | 2020-11-23 | by ( Reuters Staff | ) sentiment -0.98   time to read: +2 min
“I think when we send that message – that peace-through-strength message – is the way to deter China. Vietnam and the Philippines have been the most vocal regional opponents to what they see as Chinese overreach in the South China Sea and its disregard for boundaries outlined in international maritime law. China claims 90% of the potentially energy-rich South China Sea, but Brunei, Malaysia, the Philippines, Taiwan and Vietnam each claim parts of it. The United States has long opposed China’s expansive claims, sending warships regularly through the strategic waterway to demonstrate freedom of navigation there. Last year, U.S. Secretary of State Mike Pompeo assured the Philippines it would come to its defense if attacked in the South China Sea.
Persons: Robert O’Brien, Robert O'Brien, Foreign Affairs Teodoro Locsin Jr, Eloisa Lopez, we’ve, , , ” O’Brien, Mike Pompeo Organizations: U.S . National, Foreign Affairs, Department of Foreign Affairs, REUTERS, United, Forces Locations: MANILA, Philippines, Vietnam, China, Washington, U.S, Pasay City, Metro Manila, South, Brunei, Malaysia, Taiwan, United States, Manila, South China
In Malaysia's Sabah, pandemic rages as migrants flee testing
  + stars: | 2020-11-23 | by ( Rozanna Latiff | ) + 0.00   time to read: +4 min
Sabah accounts for nearly half of Malaysia’s 54,775 recorded COVID-19 infections and over half its 335 deaths despite having barely a tenth of the Southeast Asian country’s population. But health officials fear the real picture could be much worse as people evade screenings in fear of detention or deportation. As of Nov. 17, nearly a fifth of the state’s infections involved foreigners, according to government data obtained by Reuters. The data included both documented and undocumented migrants. But the response has been lukewarm to say the least.”Malaysia’s crackdown on undocumented migrants since the start of the pandemic has also worsened fears among vulnerable communities, rights groups say.
Persons: Surau Al Falah, COVID, ” Ahmad Han, Masidi Manjun, ” Masidi, , they’re, Masidi, , Ahmad Kamil of, Al Falah Organizations: Reuters, Surau Al Falah Semporna Aid Agency, Handout, REUTERS, Tawau Locations: KUALA LUMPUR, Sabah, Malaysia, Malaysia’s Sabah, Borneo, Semporna, Philippines, Indonesia, COVID
MANILA (Reuters) - Philippine health care worker Vince Umali received a blow when the coronavirus pandemic derailed his plan to work in Canada this year, but he hopes to revive his dream of an overseas job after breakthroughs in the race to develop COVID-19 vaccines. REUTERS/Eloisa LopezThousands of health care workers usually leave the country each year in search of better-paid jobs in countries like the United States and Canada, as well as in the Middle East. The Philippine Ambassador to the United States Jose Romualdez said Pfizer had assured supply of its vaccine to his country once approved for distribution. Moderna Inc is expected to be the next company to seek a U.S. emergency use nod for a COVID-19 vaccine after similarly encouraging results of late-stage trials. President Rodrigo Duterte has ended the overseas travel ban for Philippine health workers, the labour minister said on Saturday, renewing the hopes of workers, although only 5,000 will be allowed to leave each year.
Persons: Vince Umali, Eloisa Lopez, , Umali, United States Jose Romualdez, Pfizer, Rodrigo Duterte Organizations: REUTERS, Pfizer Inc, Moderna Inc Locations: MANILA, Philippine, Canada, Taguig City, Metro Manila, Philippines, United States, COVID
SINGAPORE — Philippine central bank governor, Benjamin Diokno, said interest rate cuts so far are "more than enough" to support the economy through next year. The central bank, Bangko Sentral ng Pilipinas or BSP, last week unexpectedly cut its main policy rate by 25 basis points to an all-time low of 2%. The latest move takes the cumulative rate cuts in the Southeast Asian economy this year to 200 basis points. Benjamin Diokno, governor of the Philippine central bank, Bangko Sentral ng Pilipinas. That means some containment measures — which are holding back economic recovery — will need to stay in place, he explained.
Persons: Benjamin Diokno, Diokno, CNBC's, Veejay Villafranca, Alex Holmes, Holmes Organizations: Sentral ng Pilipinas, Veejay, Bloomberg, Getty, BSP, Capital Economics Locations: SINGAPORE, Philippine, Philippines, U.S, Europe, Asia
The Philippines may see 6.5%-7.5% GDP growth in 2021, central bank says
  + stars: | 2020-11-23 | by ( ) + 0.92   time to read: 1 min
The Philippines may see 6.5%-7.5% GDP growth in 2021, central bank saysWe expect a "strong rebound" in the second quarter onward of next year from the coronavirus pandemic, says Benjamin Diokno, governor of Bangko Sentral Ng Pilipinas, the central bank of the Philippines.
Persons: Benjamin Diokno Organizations: Bangko Sentral Ng Pilipinas Locations: Philippines, Bangko Sentral
MANILA (Reuters) - Philippine President Rodrigo Duterte has approved ending a ban on deploying the nation’s healthcare workers, his labour minister said on Saturday, clearing the way for thousands of nurses to take up jobs overseas. Slideshow ( 2 images )“The president already approved the lifting of the temporary suspension of deployment of nurses and other medical workers,” Labour Secretary Silvestre Bello told Reuters. To ensure the Philippines has enough medical professionals to continue to fight the pandemic at home, only 5,000 healthcare workers will be allowed to leave every year, Bello said. “We are starting only with a cap of 5,000 so we will not run out (of medical workers), but this may increase eventually,” Bello said. The government in April barred nurses, doctors and other medical workers from leaving, saying they were needed to fight the coronavirus crisis at home.
Persons: Rodrigo Duterte, Silvestre Bello, Bello, ” Bello, , , Maristela Abenojar Organizations: Labour, Reuters, Higher Education, Philippine Overseas Employment Administration, Nurses United Locations: MANILA, Philippine, Philippines, Southeast Asia, United States, Europe
Take Five: Deal or no deal
  + stars: | 2020-11-20 | by ( Reuters Staff | ) + 0.00   time to read: +5 min
Recent gains in sterling GBP=D3 and UK stocks .FTMC imply assets are pumped up by hopes of a COVID-19 vaccine and a Brexit deal. (GRAPHIC - Brexit: a rollercoaster ride for the pound: )2/SHOPPING SIGNALSIn a typical year, U.S. shoppers would be gearing up for “Black Friday,” the kick-off event for the holiday season. Oxford Economics expects holiday sales to rise only 0.6% from a year ago due to a confluence of COVID-19, suffering incomes and a weak job market. Retailers aren’t all gloomy: Walmart forecasts a promising holiday season. -Walmart forecasts promising holiday season as online sales soar-Does vaccine promise put U.S. consumers in a shopping mood?
Persons: Carlo Allegri, Jan, bitcoin, Tom Fitzpatrick, it’s Organizations: Reuters, New York Stock Exchange, REUTERS, European, Diplomats, EU, , Oxford, Macy’s, Walmart, South, Bank of, Citi Locations: Manhattan, New York City, New York, U.S, Carlo Allegri Britain, London, Brussels, COVID, Nordstrom, Europe, United States, Bank of Korea, Thailand, China, Indonesia, Philippines, Asia
Hide Caption 4 of 427Photos: The novel coronavirus outbreak Cars line up at Dodger Stadium for Covid-19 testing on November 14 in Los Angeles Hide Caption 5 of 427Photos: The novel coronavirus outbreak Spc. Hide Caption 11 of 427Photos: The novel coronavirus outbreak People shop at an outside market in Berlin on October 27. Hide Caption 62 of 427Photos: The novel coronavirus outbreak A worker disinfects a public school in Brasilia, Brazil, on August 5. Hide Caption 65 of 427Photos: The novel coronavirus outbreak Elementary school students walk to class in Godley, Texas, on August 5. Hide Caption 422 of 427Photos: The novel coronavirus outbreak A woman rides an electric bicycle in Wuhan on January 22.
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del Triunfo, Binghamton , New York, Nicosia, Cyprus, Johannesburg, Nairobi, Kenya, Soweto, South Africa, Arlington , Texas, Edinburg , Texas, La Vega, Santiago , Chile, Santarem, Miami Beach , Florida, Avignon, Lake Buena Vista , Florida, Hebron, West, Mumbai, Miami, Florida, Jerusalem, England, United Kingdom, Bungoma, Ndalu, Hermosa Beach , California, Angeles, California, St, Mexico, Belgrade, North Melbourne, Australia, Miami Gardens , Florida, Keystone , South Dakota, America, Leicester, Dublin, Ireland, Bournemouth, Ankara, Turkey, Chile, Santa Monica , California, Mecca, Saudi Arabia, Darby , Pennsylvania, Chennai, Najaf, Iraq, Marajo, Ocean City , Maryland, Nueva Esperanza, South America, Miss Navajo, Navajo, , New Mexico, Tokyo, Oslo, Norway, Abidjan, Ivory Coast, West Africa, Wantagh , New York, US, East Hampton , New York, Vila, Sao Paulo, Latin America, Ecatepec, Toluca , Mexico, Srinagar, Mönchengladbach, Germany, Hollywood, Darlington , South Carolina, Smyrna , Georgia, San Isidro, Mexico City, Smyrna, Briarcliff Manor , New York, Minsk, Belarus, Nazi Germany, Brussels, Belgium, Dubai, United Arab Emirates, Chinatown, Yokohama, Japan, Syria, Lebanese, Beirut, Cannes, Khan, Michigan, Beach, Rochester , Minnesota, Lausanne, Switzerland, Gaza City, Gouda , Netherlands, Lebanon, A Coruna, Queens, Den Bosch, Netherlands, Kranidi, Čobanija, Sarajevo, Bosnia, Herzegovina, Denver, Bogota, Colombia, Colorado Springs , Colorado, Maryland, Annapolis , Maryland, Arlington , Virginia, Mary's, Malmo, Sweden, Prague, Czech Republic, Dortmund, Manaus, Seville, Amritsar, City, Dhaka, Bangladesh, Utrecht, Montpelier, San Vicente, Cordoba, Argentina, Tehran, Iran, Columbus , Ohio, Istanbul, St . Petersburg, Bhaktapur, Karben, Antananarivo, Madagascar, Sinai, Hartley, Haverford , Pennsylvania, Leganes, New, London, Salt, Zipaquira, China's Jilin, Arlington Heights , Illinois, Kenosha , Wisconsin, Tirana, Albania, Philadelphia, Guayaquil, Ecuador, Quetta, Pakistan, Quezon City, Bangalore, Glasgow, Scotland, Kampala, Uganda, Swiss, Panama City, Panama, Amazonas, Sacaton , Arizona, Cher, Miskolc, Hungary, Guwahati, Cheongju, Bratislava, Slovakia, Caracas, Venezuela, Ponte San Pietro, disinfecting, Iwaki, Paterson , New Jersey, Giussano, Damascus, Bergamo, Kafr Jalis, Thailand's, Narathiwat, Sunbury, Malaga, Atme, Aalsmeer, Pho, Turin, San Marcello, Rome's, Marrakesh, Morocco, Novato , California, Canada, Cremona, Richmond , California, Antwerp, Jammu, Snohomish , Washington, Snohomish, Modena, Quanzhou, Osaka, Hefei, Dakar, Daegu, Kirkland , Washington, Shinagawa, Milan, Sichuan, Paranaque, Kobe, Codogno, Xiaogan, Sihanoukville, Cambodia, Brighton , England, Brighton, Shanghai, Cape Liberty Cruise Port, Bayonne , New Jersey, Don, Nanjing, Macao, Fuyang, Lo Wu, Urumqi, Anchorage , Alaska, Novosibirsk, Chicago, Hubei Province, Guangzhou
The US Navy Secretary's proposal raised eyebrows among observers, who say the plan is a "trial balloon" that is unlikely to garner immediate regional support. Locating a US naval base in Singapore is also seen as a tricky proposition given the island nation's efforts to not take a side between Beijing and Washington. Singapore base? US Navy guided-missile destroyer USS Mustin pier side with ships from the Indian Navy, the South Korean Navy, and the Chinese navy, May 20, 2015. "There is a substantial difference between enabling limited US navy deployment from Singapore, with a rather small footprint, and facilitating a numbered fleet basing," the RSIS' Suorsa said.
Persons: Joe Biden, Collin Koh, Biden, Olli Pekka Suorsa, Koh, John Bradford —, , Kenneth J, Braithwaite, MCS2 Levingston Lewis, Kenneth Braithwaite, Christopher Miller, Mark Esper, Donald Trump, William P, Lawrence, JS, Andres Bonifacio, Trump, David Flewellyn, Lee Hsien Loong, Said Thomas Daniel, Daniel, Suorsa Organizations: US Navy, Visit, United States, Trump, Rajaratnam, of International Studies, Navy, Constellation, MCS2 Levingston Lewis US, Fleet, Seventh Fleet, USNI, Pentagon, Indian Navy, Izumo, JS Murasame, Self, Defense Force, US Seventh Fleet, Fifth, US, Changi Naval Base, US Department of Defence, Malaysia's Institute of Strategic, International, Singapore, China, South Korean Navy, Washington, Nato Locations: Singapore, Beijing, Washington, Asia, China, Southeast Asia, Japan, Baltimore, Harbor, India, Pacific, Kolkata, Philippine, South China, Yokosuka, Pakistan, Bahrain, South Korea, Western, US, RSIS, Bradford
Bank of America predicts that Generation Z (Gen Z) will be the "most disruptive generation ever" and will see their income surpass that of millennials by 2031. This meant Gen Z, considered by the U.S. investment bank to be those born between 1996 and 2016, was about to become "most disruptive to economies, markets and social systems." BofA said Gen Z's economic power was the fastest growing across all generational cohorts. With a fifth of this generation globally living in India, the BofA's Israel said it "stands out as the Gen Z country." Mexico, the Philippines and Thailand were some of the other emerging market countries the report underlined as having the potential to "capitalize on the Gen Z revolution."
Persons: Haim Israel, Z, BofA, millennials, Israel Organizations: of America, BofA Global Research, U.S, CNBC, Survey, United Nations, Google Locations: millennials, U.S, India, Mexico, Philippines, Thailand
Pictures of the year: Sports
  + stars: | 2020-11-19 | by ( Jeremy Schultz | ) sentiment -0.94   time to read: 1 min
The death toll climbs from Typhoon Vamco, the deadliest cyclone to hit the Philippines this year, while many areas remained submerged in a northern region hit by the worst flooding in more than four decades.
Persons: Vamco Locations: Philippines
Big Tobacco gets a pandemic pick-me-up
  + stars: | 2020-11-19 | by ( Martinne Geller | Siddharth Cavale | ) + 0.00   time to read: +8 min
Overall, tobacco sales, which have been declining for years, are still falling, many people are still trying to quit, and the picture is mixed globally. Sales have been hit in countries such as South Africa, where tobacco sales were banned for five months from late March as part of the response to COVID-19. For example, in the United States tobacco sales by volume fell 2% in the eight months to Oct. 24, according to Nielsen data. The JT Group said Russia’s Council for the Development of the Tobacco Industry, an industry association, had written to the government to try to prevent “negative consequences” of the suspension. In the United States and Britain, tobacco was on sale in stores that sell other necessities such as groceries.
Persons: Danielle Eddy, Eloisa Lopez “, , She’s, Olivier Truyman, Eddy, Truyman, Philip Morris, Imperial, what’s, Alicia Forry, that’s, , ” Forry, Alimentation, Laura Hirshbein, Eduard Vorontsov, Victoria Abramchenko, tobacconists, Altria Organizations: Reuters, REUTERS, Tobacco, Philip Morris International Inc, Japan Tobacco Inc, Imperial Brands, Altria, University College London, Nielsen, Centers for Disease Control, Prevention, American Tobacco Plc, U.S, Tard, World Health Organization, CDC, University of Michigan, WHO, JT, Russia’s, Tobacco Industry, BAT, Campaign, Google Locations: Quezon City, Metro Manila, Philippines, Columbus , Ohio, Brussels, COVID, United States, Europe, Britain, South Africa, United, U.S, North America, Israel, Netherlands, Brazil, Russia, France, Italy, Spain
Xi says China won't seek to 'decouple,' pledges to cut tariffs
  + stars: | 2020-11-19 | by ( Evelyn Cheng | ) + 0.00   time to read: +3 min
The term refers to a separation, rather than integration, of the world's two largest economies in areas ranging from trade to technology. Xi also said China would cut tariffs and sign more free trade agreements, according to state media. China and the U.S. have levied tariffs on billions of dollars' worth of goods from the other's country as trade tensions grew under the leadership of U.S. President Donald Trump. Xi's speech on Thursday came after China signed a massive trade deal with 14 other countries in Asia-Pacific over the weekend. The pact — which does not include the U.S. — is the world's largest trade deal to date, covering just under a third of the global population at around 30%.
Persons: Xi Jinping, “ Xi, Xi, Donald Trump, Joe Biden, Morgan Stanley, Biden Organizations: U.S, Trade, CNBC, Economic, Association of Southeast Asian Nations, ASEAN, ROK, China Locations: BEIJING, China, Asia, U.S, Beijing, Pacific, Japan, South Korea, Australia, New Zealand, Singapore, Vietnam, Philippines, EU, Republic of Korea
U.S. national security adviser O'Brien en route Vietnam, Philippines
  + stars: | 2020-11-18 | by ( Reuters Staff | ) sentiment -0.51   time to read: 1 min
FILE PHOTO: National security adviser Robert O'Brien speaks to the news media outside of the White House in Washington, U.S., Nov. 17, 2020. REUTERS/Leah MillisWASHINGTON (Reuters) - White House national security adviser Robert O’Brien is on his way to Vietnam and the Philippines to discuss regional security cooperation, the White House said in a tweet on Wednesday. While traveling, he will stop in Alaska “to promote America’s arctic security efforts,” the White House National Security Council tweeted. He will also meet American service personnel at Joint Base Hickam in Hawaii.
Persons: Robert O'Brien, Leah Millis, Robert O’Brien Organizations: White, REUTERS, White House, White House National Security, Joint Base Hickam Locations: Washington , U.S, Leah Millis WASHINGTON, Vietnam, Philippines, Alaska “, Hawaii
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