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☆ Oil prices inch lower as dollar firms, China COVID worries dent demand
▼ + stars: | 2022-10-11 | by ( Isabel Kua | ) www.reuters.com time to read: +3 min

Brent crude futures fell 27 cents, or 0.3%, to $95.92 a barrel by 0342 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.73 a barrel, down 40 cents, or 0.4%, after losing $1.51 in the previous session. A strong greenback reduces demand for oil by making it more expensive for buyers using other currencies. The sustained zero COVID-19 policy in China ahead of the Communist Party Congress is "not helping" demand, the analysts added. EU sanctions on Russian crude and oil products will take effect in December and February, respectively, while the bloc last week gave its final approval for a new batch of sanctions against Russia including a price cap on Russian oil exports.

☆ China's Communist Party leadership reshuffle: what to look for
▼ + stars: | 2022-10-11 | by ( Yew Lun Tian | ) www.reuters.com time to read: +7 min

Visitors are seen silhouetted against a Chinese Communist Party flag displayed at the Museum of the Communist Party of China in Beijing, China September 3, 2022. REUTERS/Florence LoBEIJING, Oct 11 (Reuters) - China's ruling Communist Party will reshuffle its leadership when it holds a once-in-five-years Congress starting Oct 16, with Xi Jinping widely expected to stay on for a third term as general secretary, China's senior-most position. Economic tsar and Vice Premier Liu He, 70, is due for retirement. The only woman in the Politburo, Vice Premier Sun Chunlan, 72, is also due to retire. Xu Qiliang and Zhang Youxia, both military chiefs in the Politburo age 72, are also due to retire.

☆ Oil prices slide as dollar strengthens, China Covid-19 woes dampen demand
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: +3 min

Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in Covid-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.58 a barrel, down 55 cents, or 0.6%, after losing $1.51 in the previous session. A strong greenback reduces demand for oil by making it more expensive for buyers using other currencies. The sustained zero Covid-19 policy in China ahead of a Communist Party congress is "not helping" demand, the analysts added.

☆ Oil prices slide as dollar strengthens, China COVID-19 woes dampen demand
▼ + stars: | 2022-10-11 | by ( Isabel Kua | ) www.reuters.com time to read: +3 min

Companies Exxon Mobil Corp FollowSINGAPORE, Oct 11 (Reuters) - Oil prices fell on Tuesday, extending nearly 2% losses in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China increased fears of slowing global demand. Brent crude futures fell 57 cents, or 0.6%, to $95.62 a barrel by 0031 GMT, after falling $1.73 in the previous session. U.S. West Texas Intermediate crude was at $90.58 a barrel, down 55 cents, or 0.6%, after losing $1.51 in the previous session. A strong greenback reduces demand for oil by making it more expensive for buyers using other currencies. The sustained zero COVID-19 policy in China ahead of a Communist Party congress is "not helping" demand, the analysts added.

Women with dogs chat through gaps in a barrier at a sealed area, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 11, 2022. Shanghai, a city of 25 million people, reported 28 new local cases for Oct. 10, authorities said on Tuesday, the fourth day of double-digit increases. Register now for FREE unlimited access to Reuters.com RegisterNationwide, 2,089 new local infections were reported, the highest since Aug. 20. That's a step up from once a week presently, a regime imposed after the earlier lockdown was lifted. Checks on people travelling to Shanghai and places such as hotels, should also be strengthened, municipal authorities said.

☆ China urges 'patience' as COVID cases rebound ahead of key congress
▼ + stars: | 2022-10-10 | by ( Ryan Woo | ) www.reuters.com time to read: +5 min

People line up to get tested for the coronavirus disease (COVID-19) at a nucleic acid testing site, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China, October 10, 2022. REUTERS/Aly SongSummary Local COVID cases in China rise to highest since Aug. 20Covid epicentre in northern region of Inner MongoliaParts of Shanghai close leisure, entertainment venuesBEIJING, Oct 10 (Reuters) - China called for "patience" with its tough COVID policies and warned against any "war-weariness" as local cases soared to their highest since August, days ahead of a pivotal Communist Party congress. A few days into the Golden Week, the western region of Xinjiang also barred people from leaving as cases ticked higher. Tourists stranded in Xinjiang could seek temporary work as electricians, cooks and wood craftsmen, advised authorities in its capital Urumqi. Shanghai, which locked down its entire population of 25 million in April and May, reported 34 local cases on Oct. 9, the most in almost three months.

☆ China's climate push could spawn new global players, even if Beijing falls short on its pledge
▼ + stars: | 2022-10-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

China aims to reach peak carbon emissions in 2030. Two years ago, Chinese President Xi Jinping formally announced the world's second largest economy would strive for peak carbon emissions in 2030, and carbon neutrality in 2060. Emerging leader in offshore wind? The U.K. and the rest of Europe are each expected to add about 10 gigawatts of offshore wind power in the next three years, according to IEEFA Research. Overenthusiastic measures to force local areas to cut carbon emissions last year resulted in a power shortage that disrupted factory production.

☆ India’s words are anti-war, but New Delhi’s actions are propping up Putin’s regime
▼ + stars: | 2022-10-03 | by ( Rhea Mogul | ) edition.cnn.com time to read: +8 min

New Delhi has repeatedly abstained from votes condemning Russia at the United Nations – providing Moscow with a veneer of international legitimacy. And in August, India participated in Russia’s large-scale Vostok military exercises alongside China, Belarus, Mongolia and Tajikistan – where Moscow paraded its vast arsenal. “There’s a feeling that Putin is pushing India’s limits because in some ways, it’s put itself out on a limb. Mikhail Svetlov/Getty ImagesSuperficially at least, India and China also appear to have similar positions on the Ukraine war. But despite India’s increasing closeness with the West, it is prioritizing the dangers in its own backyard, analysts say.

☆ The number of Russians fleeing the country to evade Putin's draft is bigger than the original invasion force, UK intel says
▼ + stars: | 2022-09-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

The UK's MOD said the number of fleeing Russians likely exceeds Putin's original invasion force. "Whilst exact numbers are unclear, it likely exceeds the size of the total invasion force Russia fielded in February 2022." According to the Associated Press, as of Wednesday at least 194,000 Russians have fled to Georgia, Kazakhstan and Finland alone. Those conservative estimates already exceed what the US had estimated to be the 190,000-strong invasion force that massed at Ukraine's border just prior to the invasion. The UK's MOD noted on Thursday that "the better off and well educated are over-represented amongst those attempting to leave Russia."

☆ 'We are not rich:' A couple share one money tip that lets them travel full time — on land and sea
▼ + stars: | 2022-09-28 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

Living in a sailboat together has allowed Rene Sullivan and Samantha Khoo to work on their communication skills. "You realize you don't really need a lot of money — because you're not paying your staff, you're not paying your rent, you're not paying for a property, you're not paying for your [credit] cards." Sullivan and Khoo, who've been married for 22 years, said the most important thing that enabled them to travel full time was being debt-free. They spent four months at Pangkor Marina in Malaysia, where they worked for boat owners without pay to gain knowledge about boat life and maintenance. 'Bring on another 1,000'While the idea of living on a sailboat is relaxing, Khoo and Sullivan said it's anything but glamorous.

☆ Almost 100,000 Russians Have Crossed Into Kazakhstan Since Putin’s Mobilization Order
▼ + stars: | 2022-09-27 | by ( Ann M. Simmons | ) www.wsj.com time to read: 1 min

MOSCOW—Nearly 100,000 Russians crossed the border into Kazakhstan in the days following Russian President Vladimir Putin’s announcement of a broad mobilization to generate new troops to fight in Ukraine. The flow is part of an exodus of Russians who have headed to countries such as Armenia, Georgia, Mongolia and Nordic nations in recent days and comes as uncertainty mounts over whether the Kremlin might mobilize additional manpower to complement the more than 300,000 reservists that were called up on Sept. 21.

☆ Russian exodus shows no signs of easing as Ukraine war looms over recruits
▼ + stars: | 2022-09-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Yuliya-Talmazan-Circle-Byline-Template.Jpg | Yuliya Talmazan | ) www.nbcnews.com time to read: +4 min

New satellite images released Monday appeared to show a large number of vehicles lining up at Russia’s border crossings with neighboring Georgia and Mongolia. On Tuesday, the Russian state news agency Tass quoted Russian border officials as saying that around 3,600 passenger cars were waiting to cross into Georgia. Kazak border authorities said 98,000 Russian citizens have entered Kazakhstan since the mobilization was announced, according to Russia’s state news agency Ria. NBC News reached out to border officials in both Kazakhstan and Finland for further comment. On Monday, Russian media reported cases of some men being turned back at Russian airports and barred from leaving the country.

Russians trying to avoid getting conscripted to fight in Ukraine appeared to be trying to cross the border into Georgia, Kazakhstan and even remote Mongolia, satellite imagery suggested Monday. Russian border guards didn’t appear to be trying to stop them. The Russians are fleeing to Georgia, Mongolia, Kazakhstan and other countries because they don't require visas. Logvin said he waited 34 hours at the border before he was allowed to enter Georgia. According to Maxar, this satellite image appears to show a traffic jam near the Russian border with Georgia on Sunday.

☆ Desperation on Russia's borders as draft-eligible men flee
▼ + stars: | 2022-09-27 | by ( Felix Light | ) www.reuters.com time to read: +5 min

Travellers from Russia cross the border to Georgia at the Zemo Larsi/Verkhny Lars station, Georgia September 26, 2022. Register now for FREE unlimited access to Reuters.com RegisterHis escape was part of a vast exodus from Russia that has seen thousands of military-age men make for the borders with Finland, Georgia, Kazakhstan and Mongolia. On Monday, Novaya Gazeta Europe reported that 261,000 men had left Russia since mobilisation was declared, citing a Kremlin source. On the Kazakhstan border, Nikita described would-be emigres pitching tents along the highway leading up to the Vishnyovka border post, while others less well-equipped slept on the tarmac, building makeshift beds out of their own clothes. Some of the most dramatic scenes were at Russia’s only operational border crossing with Georgia, which allows Russians to stay for a year without a visa.

☆ Russian Orthodox leader said Russian soldiers who die in the Ukraine war are committing a 'sacrifice' that 'washes away all the sins' as many citizens leave the country to avoid the draft
▼ + stars: | 2022-09-27 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

Patriarch Kirill I said Russian soldiers who die in the war will be absolved of "sins." The Sunday sermin came days after Russia announced the mobilization of 300,000 troops. Patriarch Kirill I made his remarks on Sunday, days after Russia announced a "partial mobilization" of troops, and men continue to be seen fleeing the country to avoid the draft. And therefore, we believe that this sacrifice washes away all the sins that a person has committed," he said, according to Reuters. He previously justified the war as a fight against "excess consumption" and "gay parades" infiltrating Ukraine, according to The Orthodox Times.

☆ The Kremlin reluctantly acknowledged issues with its draft amid mobilization chaos, but blamed local authorities and rebellious citizens for botching the decree
▼ + stars: | 2022-09-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

A Kremlin spokesman tried to deflect blame over mounting discord following Russia's draft decree. Last week, more than seven months into Russia's war in Ukraine, President Vladimir Putin announced a partial military mobilization in an effort to address Russia's manpower problem amid a spate of recent Ukrainian victories. The country's mobilization will see up to 300,000 reservists called upon to join the fight, many on the frontlines. But as Russia endures mounting military losses thanks to depleted personnel, it's clear that the country is prioritizing soldiers of any skill. It's a late-in-the-game adjustment that is unlikely to make a dent in Russia's military performance anytime soon, experts previously told Insider.

☆ 'We are not afraid': Russians flee to Mongolia to evade Ukraine mobilisation
▼ + stars: | 2022-09-27 | by ( Michael Kohn | ) www.reuters.com time to read: +3 min

"My country has started partial mobilisation and I think it is negatively affecting society," said one. The guesthouse has filled up with Russians since Putin's mobilisation order, and Bat-Tur said he has already turned away dozens of requests for beds. One newly-arrived guest, who identified himself as Aleksey, said he crossed into Mongolia last weekend, leaving behind his wife and three children. "We are not afraid, but why do we have to fight in Ukraine, why?” he asked. Almost entirely dependent on Russian oil and gas, landlocked Mongolia also stands to gain from a gas pipeline that Russia plans to build across its territory to supply China.

☆ Satellite images show traffic jams at the border as Russians flee the country following Putin's decision to send more people to fight in Ukraine
▼ + stars: | 2022-09-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Satellite image ©2022 Maxar Technologies. Satellite image ©2022 Maxar Technologies. Satellite image ©2022 Maxar Technologies. Satellite image ©2022 Maxar TechnologiesRussians have also tried to flee by crossing into Finland, which borders the country to the northwest. "Border traffic at Finnish Russian land border has remained on higher level than in previous weeks.

☆ Russians flee to Georgia after Putin's mobilisation order
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +4 min

The Georgian capital Tbilisi had already seen an influx of around 40,000 Russians since Moscow invaded Ukraine on Feb. 24, according to government statistics. There, they hired a local driver to take them through the border checkpoints and after 24 hours they arrived in Tbilisi. The exact number of people who have left Russia since Putin announced what he called a "partial mobilisation" last Wednesday is unclear. LOCAL RESENTMENTRussians already in Tbilisi saw Putin's mobilisation decree as further vindication of their decisions to flee. More than 200 men who were detained at anti-war protests in Moscow last week were issued draft summons, state media reported.

☆ Complaints about Russia's chaotic mobilization grow
▼ + stars: | 2022-09-24 | by ( Kevin Liffey | ) www.reuters.com time to read: +5 min

Register now for FREE unlimited access to Reuters.com Register"It has been announced that privates can be recruited up to the age of 35. Reports have surfaced across Russia of men with no military experience or past draft age suddenly receiving call-up papers. "Some (recruiters) hand over the call-up papers at 2 a.m., as if they think we're all draft dodgers," he said. There has been a particular outcry among ethnic minorities in remote, economically deprived areas in Siberia, where Russia's professional armed forces have long recruited disproportionately. The interior ministry of the Russian region of North Ossetia advised people not to try to leave the country for Georgia at the Verkhny Lars frontier post, where it said 2,300 cars were waiting to cross.

☆ In poor, rural Buryatia, Russia's partial mobilisation hits hard
▼ + stars: | 2022-09-23 | by ( Felix Light | ) www.reuters.com time to read: +6 min

The Ulan-Ude draft office and the defence ministry in Moscow did not reply to a request for comment on the situation. PROVINCIAL MOBILISATION"There’s nothing partial about the mobilisation in Buryatia," said Alexandra Garmazhapova, president of the Free Buryatia Foundation, an organisation that provides legal help to those mobilised. Her foundation collected hundreds of appeals for help from residents whose relatives had received mobilisation papers. One resident of the Buryatia village of Orongoi, whose population in 2010 was 1,700, told Reuters that 106 men from the village had been mobilised. "The federal centre is trying not to touch St Petersburg and Moscow, because in Moscow you can have protests against the Kremlin," she said.

Representatives of coal miners in Indonesia and Australia, the world's two largest exporters of thermal coal, were ebullient at the Coaltrans event, but also cautious that the current windfall is unlikely to last beyond 2023 or 2024. In theory both of these solutions do offer some hope for coal miners, but then the main problem comes in. For higher energy Australian thermal coal the cost of the offsets is even less, given its current high price, coming in at just over 2%. Also, as coal miners, and other polluters, compete for offsets, the price will invariably rise, thereby adding to the cost. For exporting coal miners, there is probably a narrow path to remaining in business for the long term.

☆ China plans easier border entry rules for some foreign tourists
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterBEIJING, Sept 19 (Reuters) - China's government on Monday issued draft rules aimed at making it easier for some foreigners to enter China for visits to tourism sites along the Chinese border. China has shut its borders to foreign tourists since the outbreak of the new coronavirus in 2020, with only specific groups of foreign nationals allowed to enter the country, such as those holding certain work visas. Register now for FREE unlimited access to Reuters.com RegisterIn recent months, rules have gradually been relaxed, from resuming more direct flights between China and some countries to allowing foreign students with valid residence permits to enter China. read moreChina shares a border with more than 10 countries including Russia, Mongolia, Myanmar, Laos and Vietnam. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Ryan Woo; Editing by Toby Chopra and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

☆ 'No limits' relationship between China and Russia has limitations, professor says
▼ + stars: | 2022-09-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

"It's an unequal partnership, and China is in the dominant position in the relationship," said Matthew Sussex, an associate professor from Griffith University in Australia. He attributed it to the fact that Russia needs China more than China needs Russia. China and Russia's relationship may not necessarily be on equal footing, said an associate professor from Griffith University, Matthew Sussex. Still, the strategic partnership between China and Russia will continue to exist, said associate professor at University of Nevada, Xiaoyu Pu. "China will not provide any military support… to Russia, so I think China has its own reservations about Russia's war," he said.

☆ Explainer: Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
▼ + stars: | 2022-09-15 | by ( ) www.reuters.com time to read: +4 min

Negotiations will be complex, however, not least because China is not expected to need additional gas supply until after 2030, industry experts said. The proposed pipeline would bring gas from the huge Yamal peninsula reserves in west Siberia - the main source of gas supply to Europe - to China, the world's top energy consumer and growing gas consumer. The idea gained impetus when the first pipes of the currently operational Power of Siberia pipeline were laid in Russia's eastern Yakutia region in 2014. DOES CHINA NEED MORE RUSSIAN GAS? Russia's Gazprom already supplies gas to China through the first Power of Siberia pipeline under a 30-year, $400 billion deal, which was launched at the end of 2019.

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