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☆ China's reopening brings both risks and opportunities, Asian Development Bank says
▼ + stars: | 2022-12-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +3 min

watch nowChina's reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC. His comments came a day after Hong Kong further eased travel and mobility measures. It's been surprising how quickly businesses in Hong Kong have bounced back, and those that left Hong Kong due to its stringent measures in the past are ready to return as well, claimed Zeman. "They've been so pleased with the result of yesterday and many are planning their trips back," he said, referring to people who do business in Hong Kong. With regard to tourism, China's reopening will accelerate Hong Kong's recovery to "bring us back to the old days again," according to Zeman.

☆ Gun-loving Bolsonaristas challenge Lula's pledge to disarm Brazil
▼ + stars: | 2022-12-13 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.

☆ China scraps tracking app as it relaxes strict 'zero-Covid' rules
▼ + stars: | 2022-12-12 | by ( Associated Press | ) www.nbcnews.com time to read: +5 min

China will drop a travel tracing requirement as part of an uncertain exit from its strict “zero-Covid” policies that have elicited widespread dissatisfaction. It’s part of a package of apps that includes the health code, which has yet to be disabled. Facing a surge in Covid-19 cases, China is setting up more intensive care facilities and trying to strengthen hospitals’ ability to deal with severe cases. At midnight on Monday, the smart phone app will cease to function, meaning residents’ travels will not be traced and recorded. Many believed Covid-19 restrictions may have impeded rescue efforts.

A Florida sheriff stunned many of his constituents this week by appearing to endorse spanking students, his comments coming during a press conference in which county officials announced plans to tighten discipline in Brevard County schools. Sheriff Wayne Ivey spins the "Wheel of Fugitive" board at the Brevard County Sheriffs Office in 2017. And he is a Brevard County political powerbroker who helped get two Republicans, Megan Wright and Gene Trent, elected to the county school board. Shortly after they were sworn in Nov. 22, Wright and Trent teamed up with school board chair Matt Susin to oust longtime superintendent Mark Mullins. There was agreement among the Brevard County school officials interviewed that disruptive students are a problem in the system.

☆ Biden eases Venezuela sanctions as opposition talks resume
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

WASHINGTON — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government. Under the new policy, profits from the sale of energy would be directed to paying down debt owed to Chevron, rather than providing profits to PDVSA. Talks between the Maduro government and the “Unitary Platform” resumed in Mexico City on Saturday after more than a yearlong pause. The official said the U.S. would closely monitor Maduro’s commitment to the talks and reserved the right to reimpose stricter sanctions or to continue to ease them depending on how the negotiations proceed.

☆ Shares brush off China COVID curbs, dollar retreats
▼ + stars: | 2022-11-22 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

The dollar pulled back from strong overnight gains while oil edged up after Monday's volatile sell-off. The MSCI All-World index of shares (.MIWD00000PUS) rose 0.2%, putting it on course for a second month of increases - its longest stretch of gains since late 2021. The dollar of the gains that took it to a 10-day high on Monday, when investors ditched risk assets over China's COVID flare-ups and was last down 0.2%. The dollar came under pressure in particular against the euro and the yen , which rose by 0.2% and 0.3%, respectively. Oil rose on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.

☆ Global shares shake off China COVID curbs, but investors stay cautious
▼ + stars: | 2022-11-22 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat. The MSCI All-World index of shares (.MIWD00000PUS) rose 0.2%, putting it on course for a second straight month of increases - its longest stretch of gains since late 2021. The dollar of the gains that took it to a 10-day high on Monday, when investors ditched risk assets over China's COVID flare-ups and was last down 0.2%. The dollar came under pressure in particular against the euro and the yen , which rose by 0.2% and 0.3%, respectively. Oil prices rose on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.

☆ Asian shares recover but concerns over China may resume strict COVID curbs linger
▼ + stars: | 2022-11-22 | by ( Selena Li | Kirsty Needham | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 22 (Reuters) - Asian stock markets mostly recouped early losses on Tuesday, supported by improved sentiment for China shares, but concerns lingered that Beijing may reimpose strict COVID curbs that could cause supply chain disruptions. The biggest driver for the recovery was China, with its benchmark up 0.43%. Losses on Hong Kong's benchmark index (.HSI) narrowed to 0.7%. Gains in China were capped by worsening COVID-19 situation in the country, however. Japan's benchmark Nikkei average (.N225) rose 0.69%, as the yen's weakness against the dollar raised prospects for domestic manufacturers.

☆ Asian shares mostly down on concerns China may resume strict COVID curbs
▼ + stars: | 2022-11-22 | by ( Selena Li | ) www.reuters.com time to read: +2 min

REUTERS/Thomas PeterHONG KONG, Nov 22 (Reuters) - Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause supply chain disruptions. The dollar pulled back from strong overnight gains on Tuesday while oil took a pause from Monday's retreat. Japan's benchmark Nikkei average (.N225) opened up 0.78%, while Australian shares (.AXJO) rose 0.55%. "China's Covid situation is really in the front row for Asia trading," said Redmond Wong, market strategist for Greater China at Saxo Markets in Hong Kong. Beijing warned on Monday that it was facing its most severe test of the pandemic, fuelling investor concerns that China may be forced to resume strict mobility curbs and give stay and home orders across cities.

☆ Macao's latest Covid lockdown is one step forward, two steps back, analyst says
▼ + stars: | 2022-11-01 | 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 EmailIt's one step forward, two steps back for Macao: ConsultancyBen Lee of IGamiX discusses Macao's recent move to reimpose Covid-19 curbs, and discusses Genting's business prospects in Macao.

LONDON, Oct 31 (Reuters) - Lloyd’s of London insurer Ascot is suspending writing cover for new shipments using the Ukrainian grains corridor in the Black Sea until it has more clarity about the situation there, a senior official said on Monday. Moscow said it was forced to pull out of the Black Sea grain shipping deal after blasts damaged Russian navy ships in the Crimean port of Sevastopol on Saturday. "From today we are pausing on quoting new shipments until we better understand the situation,” Ascot head of cargo Chris McGill told Reuters. Ascot and broker Marsh launched a facility for grain traders in late July to provide up to $50 million in cargo cover for every voyage. Russia's announcement on Saturday that it was suspending its role in the U.N.-backed programme that escorts cargo ships through the Black Sea fanned fears it would reimpose a blockade on Ukrainian grain.

☆ Grain ships sail from Ukraine ports as Russian missiles knock out power across country
▼ + stars: | 2022-10-31 | by ( Pavel Polityuk | ) www.reuters.com time to read: +6 min

However, the ministry did not say what Russia would do if ships continued to sail the route. Meanwhile on the 250th day of a war that has ground on since Russia's invasion of Ukraine on Feb. 24, Russian missiles rained down across the country. International officials had feared that Moscow would reimpose a blockade on Ukrainian grain. MISSILE STRIKES[1/4] Smoke rises on the outskirts of the city during a Russian missile attack, as Russia's invasion of Ukraine continues, in Kyiv, Ukraine October 31, 2022. After Russia suspended its participation in the grain shipping programme, the United States accused Russia of using food as a weapon.

WASHINGTON, Oct 25 (Reuters) - Ash Carter, who served as a U.S. defense secretary during the Obama administration, died late on Monday at the age of 68 after a sudden cardiac event, his family said in a statement on Tuesday. Under Carter, the U.S. military opened all military roles to women and also ended a ban on openly serving transgender service members. "To choose service members on other grounds than military qualifications is social policy and has no place in our military," Carter said at the time. Before becoming defense secretary, Carter served as deputy defense secretary and chief operating officer in the Pentagon. Since leaving public service, Carter led the Belfer Center for Science and International Affairs at Harvard's Kennedy School.

"We are seeing that now with the provision of (drones) to Russia." Ukraine says Russia has used Iranian-made Shahed-136 attack drones that cruise toward their target and explode on impact. Tehran denies supplying the drones to Moscow - an assertion Washington says is untrue - and Russia has denied its forces used Iranian drones to attack Ukraine. If such a resolution is not adopted by the deadline, all U.N. sanctions in place before the nuclear deal would be automatically reimposed. "Snapback" would also likely kill off efforts to revive the 2015 deal, which then-U.S. President Donald Trump abandoned and which his successor Joe Biden has sought to resurrect.

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