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☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Nvidia to develop new chips that comply with U.S. export regulations
▼ + stars: | 2023-12-06 | by ( ) www.cnbc.com time to read: +1 min

Nvidia logo displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, its CEO Jensen Huang said on Wednesday. "Nvidia has been working very closely with the U.S. government to create products that comply with its regulations," Huang told reporters in Singapore at a news conference. "Our plan now is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits." Huang also said on Wednesday the company was in talks with Singapore about potential big investments.

Persons: Jakub Porzycki, Jensen Huang, Huang Organizations: Nvidia, Getty, U.S, Reuters Locations: Krakow, Poland, China, California, Singapore

The results of the Program for International Student Assessment – the first assessment to examine the academic progress of students in math, reading and science in dozens of countries since the outset of the pandemic – marked historic setbacks for children globally. Students hadn’t recorded a change of more than five points in either subject since the exam was first administered in 2000. The COVID-era setbacks spared none, affecting wealthy countries and poor countries and even those long recognized as academic powerhouses. The slumping scores among American students largely mirror results seen on national assessments in recent years. “At an extremely tough time in education, the United States moved up in the world rankings in reading, math, and science – all three categories PISA measures – while, unfortunately, many other countries saw declines.”

Persons: ”, Peggy Carr, hadn’t, Jordan, ” Carr, Miguel Cardona, Donald Trump, “, ” Cardona Organizations: Program, National Center for Education Statistics, U.S . Education Department, “, Organization for Economic Cooperation, Development, Education, Republican Party Locations: U.S, PISA, Albania, Iceland, Norway, Finland, Poland, Singapore, Japan, China, Estonia, Canada, Ireland, United States, –

☆ The horror of Henry Kissinger’s legacy in Southeast Asia goes on
▼ + stars: | 2023-12-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —Fifty years after Henry Kissinger drove American foreign policy in Southeast Asia, the region continues to live with the fallout from the bombing and military campaigns backed by the former secretary of state, who died last week. That’s more than the Allies dropped during World War II, according to an account by Yale University historian Ben Kiernan. Experts say the devastation – which is especially acute for people in rural areas – will go on for years to come. That’s Kissinger’s legacy,” said Bill Morse, president of the nonprofit Landmine Relief Fund, which supports organizations including Cambodia Self-Help Demining. They play catch with it and it blows up 10 year old children … (unexploded ordnance) are where the injuries are coming from now,” he said.

Persons: Henry Kissinger, Kissinger, Richard Nixon, ”, Youk Chhang, Chhang, Nixon, Vietnam –, CNN It’s, Gerald Ford, Suharto’s, “ Kissinger, Chong Ja Ian, Ben Kiernan, …, That’s, Bill Morse, Morse, Le Duc Tho, “, Barack Obama Organizations: Hong Kong CNN —, Center of Cambodia, CNN, National University of Singapore, ”, Yale University, Paris Peace Accords, MPI, Getty, NPR Locations: Hong Kong, Southeast Asia, Cambodia, Vietnam, Khmer Rouge, Phnom Penh, Khmer, Laos, East Timor, United States, Missouri, destabilized, Paris, United Kingdom

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

☆ The 10 most expensive cities in the world
▼ + stars: | 2023-12-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Geneva, Paris, and San Francisco were among the 10 most expensive cities. 1 in a ranking of how expensive 173 cities around the world are. AdvertisementAn EIU article noted that while New York and two other US cities were part of the top 10 most expensive cities based on the cities analyzed, the article stated that "North American cities have, on average, slipped down our cost-of-living ranking." Singapore was also the most expensive city in the world last year when it tied with New York. AdvertisementHere are the most expensive cities, each with their index noted below from the EIU report.

Persons: —, EIU, Hong Kong, Syetarn, Hansakul Organizations: Economist Intelligence, Singapore, Service, Business, New, Swiss, Hong Locations: Zurich, Geneva, Paris, San Francisco, Singapore, New York City, New York, Hong Kong, Tel Aviv, Israel, Copenhagen, Denmark

KHAVDA, India (AP) — Rising from the bare expanse of the large salt desert that separates India from Pakistan is what will likely be the world's largest renewable energy project when completed three years from now. The solar and wind energy project will be so big that it will be visible from space, according to developers of what is called the Khavda renewable energy park, named after the village nearest to the project site. Shifting to renewable energy is a key issue at the ongoing COP28 climate summit. Once completed, it will supply 30 gigawatts of renewable energy annually, enough to power nearly 18 million Indian homes. Given this, Virmani said there is enough land in Kutch for various renewable energy projects.

Persons: ”, KSRK Verma, Khavda, Verma, “ It’s, Vneet Jaain, Adani, Gautam Adani, Adani Green, ” Ajay Mathur, Mathur, Abi T Vanak, Vanak, Sandip, Virmani, Hirelal Rajde, “ Organizations: Associated Press, Adani Green Energy Limited, Adani, Adani Group, Hindenburg, Group, International Solar Alliance, Ashoka Trust for Research, Twitter, AP Locations: KHAVDA, India, Pakistan, Singapore, Rann, Kutch, India’s Gujarat, China, United States, Bengal, Ahmedabad, Jaain, U.S, Mundra, Gujarat, Europe, Africa, Bengaluru, Denmark, Khavda

Released Tuesday, it finds the average international math score fell by the equivalent of three-quarters of a year of learning. Reading scores fell by the equivalent of half a year. Reading scores fell by 10 points. A national study in the U.S. last year found math scores fell by more than ever, with reading scores dropping to 1992 levels. It was joined in the upper echelons by other East Asian countries including Japan and China.

Persons: ”, Peggy Carr, “, didn’t, Jordan, Miguel Cardona, Joe Biden’s Organizations: WASHINGTON, —, Program, Organisation for Economic Co, OECD, Reading, National Center for Education Statistics, U.S . Education Department, Associated Press, Carnegie Corporation of New, AP Locations: United States, Germany, Iceland, Netherlands, U.S, Belgium, Finland, Canada, France, Sweden, Brazil, Ireland, Singapore, Japan, China, Estonia, Albania, Norway, Saudi Arabia, Dominican Republic, Cambodia, Carnegie Corporation of New York

SINGAPORE, Dec 5 (Reuters) - Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. The Australian dollar fell 0.5% after the central bank left interest rates on hold, as expected, and emphasised that the future direction rates would depend on data. Japan's Nikkei (.N225) was dragged 1% lower to a three-week trough, mostly thanks to falling chipmaking stocks. Treasuries had come under a little pressure overnight as traders calibrated pretty aggressive pricing for U.S. interest rate cuts. The Reserve Bank of Australia left interest rates on hold and said, as it had a month ago, that future rate settings would depend on data.

Persons: Treasuries, Kim Coghill Organizations: Japan's Nikkei, ANZ, New, Reserve Bank of Australia, Brent, U.S . Department of Agriculture, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, New Zealand, Tokyo, China

☆ Mathematics, reading skills in unprecedented decline in teenagers
▼ + stars: | 2023-12-05 | by ( Leigh Thomas | ) www.reuters.com time to read: +3 min

The Paris-based Organisation for Economic Cooperation and Development said it had seen some of the steepest drops in performance since 2000 when it began its usually triennial tests of 15-year-olds reading, maths and science skills. On average across the OECD, one out of four 15-year-olds tested as a low performer in maths, reading and science, which means they could not use basic algorithms or interpret simple texts, the study found. Poorer results tended to be associated with higher rates of mobile phone use for leisure and where schools reported teacher shortages. The OECD said the decline was not inevitable, pointing to Singapore, where students scored the highest in maths, reading and science, with results that suggested they were on average three to five years ahead of their OECD peers. After Singapore, Macau, Taiwan, Hong Kong, Japan and South Korea also outperformed in maths and science, where Estonia and Canada also scored well.

Persons: Stephane Mahe, COVID, Andreas Schleicher, Leigh Thomas, Bernadette Baum Organizations: REUTERS, Economic Cooperation, Development, OECD, Thomson Locations: Savenay, France, PARIS, Paris, Germany, Iceland, Netherlands, Norway, Poland, Singapore, Macau, Taiwan, Hong Kong, Japan, South Korea, Estonia, Canada, Ireland

☆ An airline passenger was escorted away by police after sparking a fight in the aisle and 'demanding drinks' from flight attendants
▼ + stars: | 2023-12-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A Scoot passenger was "demanding drinks" and ranting for "hours," per The West Australian. AdvertisementA man was escorted by police from a Scoot flight on Friday after fighting with another passenger in the aisle, The West Australian first reported. The man who's filming says he's going to record an "ass whooping" before the man challenges him to a "one-on-one, right now" and slaps him. The incident took place when the Scoot flight from Singapore landed in Manila, the capital of the Philippines, per The West Australian. The West Australian reported that the man had "demanded drinks" from flight attendants and had been ranting for "hours" before the fight.

Persons: —, Scoot Organizations: West Australian, Service, West, The West Australian Locations: Perth, Australia, Singapore, Manila, Philippines

☆ Indonesia to bid again for U-20 World Cup after losing hosting rights
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amr Alfiky Acquire Licensing RightsJAKARTA, Dec 4 (Reuters) - Indonesia will declare its interest to football's world governing body FIFA in jointly holding the 2025 Under-20 World Cup with Singapore, its president said on Monday, despite his country being stripped of the hosting rights to this year's tournament. Indonesia staged this year's U-17 contest, which concluded on Saturday, with Germany beating France on penalties. "The declaration of interest has been signed by PSSI and football association of Singapore," he told reporters, referring to Indonesia's football federation. Muslim-majority Indonesia was in March stripped of the rights to host the U-20 contest just seven weeks out from its start due to opposition from some government officials to the participation of Israel. The loss of hosting rights was a big setback in Indonesia, where football has a huge following, despite the lack of international success since qualifying for the 1938 World Cup as the Dutch East Indies.

Persons: Joko Widodo, Amr Alfiky, Israel, Ananda Teresia, Martin Petty, Kanupriya Kapoor Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, FIFA, Singapore, PSSI, Israel, Senior, Argentina, Uruguay, Dutch, Thomson Locations: Dubai, United Arab, Rights JAKARTA, Indonesia, Germany, France, Singapore, Dutch East Indies

☆ Maybank Investment Banking Group's head of research discusses the prospects for ASEAN markets
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank Investment Banking Group's head of research discusses the prospects for ASEAN marketsThilan Wickramasinghe, Maybank Investment Banking Group's head of research, says Singapore's DBS is a good stock to play the artificial intelligence investment theme.

Organizations: Maybank, Banking, ASEAN, Thilan, Maybank Investment Banking, DBS

☆ Central banks, regulators responsible for climate-resilient financial system: Ravi Menon
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCentral banks, regulators responsible for climate-resilient financial system: Ravi MenonRavi Menon, managing director of the Monetary Authority of Singapore, discusses the role of central banks and financial regulators in the climate crisis on a COP28 panel hosted by CNBC's Dan Murphy.

Persons: Ravi Menon Ravi Menon, CNBC's Dan Murphy Organizations: Monetary Authority of Locations: Monetary Authority of Singapore

☆ Singapore to triple AI talent to 15,000 experts, deputy PM says
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE Dec 4 - Singapore plans to triple its pool of artificial intelligence experts, including machine-learning scientists and engineers, to 15,000, as part of its national AI strategy, deputy prime minister Lawrence Wong said on Monday. Singapore also pledged under its AI strategy to increase government incentives for the sector, including by backing accelerator programs for AI startups and encouraging companies to set up AI "centres of excellence." Singapore's Infocomm Media Development Authority (IMDA) announced on Monday a $52.3 million ($70 million SGD) initiative to develop Southeast Asia's first large language model, catering to the region's languages. Reporting by Fanny Potkin in Singapore; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Lawrence Wong, Singapore's, Fanny Potkin, Bill Berkrot Organizations: REUTERS, SINGAPORE, Microsoft, Nvidia, U.S Securities and Exchange Commission, Media Development Authority, Thomson Locations: Singapore, U.S, China, Taiwan

☆ The 5 supplements scientists recommend for longevity
▼ + stars: | 2023-12-04 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

Supplements like vitamin D or magnesium may be in order. Vitamin D is essential for our bone density, helping us convert calcium into strength. Generally, we absorb most of our vitamin D from the sun, so many people choose to supplement their vitamin D intake in the wintertime, when we aren't getting as many rays outside. AdvertisementLongevity doctor Peter Attia pops several different kinds of magnesium every day, to promote healthy aging. Fine-tune your diet and exercise routine before you try supplements, experts sayLongevity experts recommend adding more vegetables, beans, nuts, and seeds into your diet.

Persons: —, Nir Barzilai, Dr, Andrea Maier, Angelo Cavalli, immunologist Anthony Fauci, Bryan Johnson, Barzilai, it's, nicotinamide, Ivan, Paul Robbins, Peter Attia, Maier, that's, Kate Hull Organizations: Service, Institute for Aging Research, Albert Einstein College of Medicine, Healthy Longevity, National University of Singapore, US Food and Drug Administration, Getty, FDA Locations: Singapore

LAUNCESTON, Australia, Dec 4 (Reuters) - The two main spot prices for iron ore diverged last week, with Singapore-traded contracts gaining but China's domestic futures posting a decline. The exchange said on Nov. 30 that it will continue to strengthen its supervision of iron ore futures to maintain what it termed the safe and stable operation of the market. But despite the travails of the property sector, China's iron ore imports have been relatively robust so far in 2023. In the same week last year iron ore stockpiles were 137.5 million metric tons and were 155.4 million in the same week on 2021. History suggests that the authorities can cool iron ore prices, but only for a relatively short period, especially if the market conditions are supportive for stronger prices.

Persons: Sonali Paul Organizations: Singapore Exchange, Dalian Commodity Exchange, National Development, Reform, it's, Reuters, Thomson Locations: LAUNCESTON, Australia, Singapore, Beijing, Dalian

☆ Twilio lays off 5% of employees in unit activists want to divest
▼ + stars: | 2023-12-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Jeff Lawson, chief executive officer of Twilio Inc., during the Singapore FinTech Festival in Singapore, on Friday, Nov. 17, 2023. Software provider Twilio said Monday it would lay off roughly 5% of its workforce citing underachievement in the growth of a unit that activist investors have targeted. The cuts will strike deepest in Twilio's Data and Applications unit, the same unit activist investors at Legion Partners and Anson Funds are pushing Twilio CEO Jeff Lawson to divest. Lawson said in his letter that Twilio will also change how it sells its Flex digital engagement product. Anson and Legion have pushed Twilio to sell the Data & Applications unit, if not the whole company.

Persons: Jeff Lawson, Twilio, Anson, Legion, Lawson, hasn't Organizations: Twilio Inc, Singapore FinTech Festival, underachievement, Legion Partners, Anson Funds, CNBC, Securities, Exchange Commission, Communications, Legion Locations: Singapore

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

☆ Global hedge funds further offloaded Chinese stocks in Nov
▼ + stars: | 2023-12-04 | by ( Summer Zhen | ) www.reuters.com time to read: +2 min

This was also the ninth month of net outflows this year, the bank said, dragging emerging Asia to become the region with the largest net outflows across the world. U.S.-listed Chinese stocks and mainland A-shares led the selloff in November, Goldman Sachs said, adding it was "partially offset by net buying in H-shares." Within emerging Asia markets, Taiwan also recorded net outflows last month, while South Korea saw the largest net inflows, Goldman Sachs said. Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan, which saw net purchases in the month. ($1 = 7.1381 Chinese yuan renminbi)Reporting by Summer Zhen; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Goldman Sachs, HSI, Joe Biden, Xi Jinping's, Outflows, Summer Zhen, Varun Organizations: REUTERS, CSI, Investors, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, U.S, Taiwan, South Korea, Singapore, Japan

☆ UBS sold a Credit Suisse private jet that was used by its ex-chair to fly to Wimbledon and the Euros, breaking COVID rules — and the Maldives for a family vacation
▼ + stars: | 2023-12-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A former Credit Suisse chair used the bank's private jet to breach COVID restrictions. AdvertisementUBS has sold the Credit Suisse private jet that prompted its ex-chairman's resignation after just nine months, according to the Financial Times. António Horta-Osório used the bank's Dassault Falcon 7X to travel to sports matches and breach COVID travel restrictions, an internal investigation found. A used Falcon 7X typically sells for around $18 million, according to listings on AV Buyer. The FT reported that Credit Suisse planned to sell its jet before being rescued by UBS earlier this year, but UBS executives pushed through the sale.

Persons: deplaning, —, António, Osório, deplaned, Dan Kitwood, Taylor Swift Organizations: Credit Suisse, Dassault Falcon, Service, UBS, Financial Times, Wimbledon, soccer's, Reuters, FT, Bombardier Global, Business Locations: Maldives, António Horta, London, Horta, Singapore, Zurich

☆ CNN took an 11-day cruise through some of the most-contested waters on Earth. Here’s what we learned
▼ + stars: | 2023-12-03 | by ( Brad Lendon | ) edition.cnn.com time to read: +23 min

China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.

Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, “, King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, ”, haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s

☆ 3 US cities made the list of the world's top 10 most expensive places to live, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

New York, Los Angeles, and San Francisco all made it into the world's top 10 most expensive cities. AdvertisementThree US cities have made it into the top 10 most expensive cities in the world in the latest Worldwide Cost of Living report from the Economist Intelligence Unit (EIU). Although three US cities made the top 10, on average North American cities fell in the rankings compared to the previous year. The Russian capital finished up 105 places lower in 142nd, while St Petersburg dropped 74 places to 147th. The world's cheapest cities included Damascus, Syria; Tehran, Iran; Buenos Aires, Argentina; and Chennai, India.

Persons: — Organizations: Economist Intelligence, Service, Economist Intelligence Unit, St Locations: New York, Los Angeles, Francisco, Western, . New York, Singapore, Zurich, Switzerland, San Francisco, Beijing, Moscow, St Petersburg, Damascus, Syria, Tehran, Iran, Buenos Aires, Argentina, Chennai, India

☆ IMF chief makes the case for carbon pricing as 'writing on the wall' for oil and gas
▼ + stars: | 2023-12-03 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Kristalina Georgieva, managing director of the International Monetary Fund, speaks during the Singapore FinTech Festival in Singapore, on Wednesday, Nov. 15, 2023. Dubai, UNITED ARAB EMIRATES — The head of the International Monetary Fund on Sunday underlined the case for carbon pricing at the COP28 climate summit, saying that the oil and gas industry recognizes "the writing on the wall." A long-time proponent of carbon pricing, IMF Managing Director Kristalina Georgieva said this approach creates an incentive for polluters to rapidly decarbonize. Carbon pricing ascertains the cost that a company needs to pay for its planet-warming emissions and is widely regarded as the most cost-effective and flexible way to cut such pollution. "For those that have adopted a carbon price, how do we get big emitters to accept that we need to accelerate decarbonization?"

Persons: Kristalina Georgieva, Georgieva, CNBC's Dan Murphy, Nature Organizations: International Monetary Fund, Singapore FinTech Festival, UNITED, EMIRATES, IMF Locations: Singapore, Dubai

New York is on the verge of becoming the first U.S. city to charge drivers for entering its busiest areas, but it is following three cities overseas where such tolling systems have become a way of life. London, Stockholm and Singapore all went ahead with congestion pricing while it was still just an idea in New York, one that stalled for years amid opposition from many commuters and elected officials. The three cities have become real-life testing grounds for congestion pricing. But carrying out congestion pricing has not been easy and the fees, which have risen over the years, continue to draw complaints from drivers and from civic and business leaders. Now, these cities’ experiences provide a glimpse of the challenges that lie ahead for New York.

Organizations: New Locations: York, U.S, London, Stockholm, Singapore, New York

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