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☆ Gold set for monthly dip on rate caution; Fed in focus
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Spot gold edged 0.1% lower to $2,033.88 per ounce by 0513 GMT, after touching a two-week high of $2048.12 in the previous session. The chances of a March rate cut have dropped to 44% from about 90% a month ago. "With renewed hopes of a truce in Gaza, today's FOMC meeting runs the risk of disappointing doves and weighing on gold," said Simpson. Spot silver dropped 0.5% to $23.05 per ounce, platinum slipped 0.2% to $918.79, and palladium rose 0.2% to $977.67.

Persons: it's, Matt Simpson, Simpson, Jerome Powell Organizations: Co, Federal Reserve, Fed, Index, Traders, Treasury Locations: Bangkok, Thailand, U.S, Gaza

☆ The Red Sea crisis tests China’s global ambitions
▼ + stars: | 2024-01-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

China’s responseThe Houthi rebels in Yemen started firing missiles and drones at ships in the Red Sea in mid-November, in what they say is an act of solidarity with Palestinians. Chinese officials repeatedly stressed that the Red Sea crisis is a “spillover” from the conflict in Gaza, citing an immediate ceasefire between Israel and Hamas as the top priority. Beijing’s reluctance to wade into the Red Sea crisis reflects these geopolitical calculations. The Chinese government readout of the meeting between Wang and Sullivan did not mention the Red Sea. Egypt is losing millions of dollars per day from the reduced traffic at the Suez Canal at the northern end of the Red Sea.

Persons: Houthi, “, ”, Mordechai Chaziza, Xi Jinping, Israel, ” Chaziza, Wang Yi, Jake Sullivan, Iran ”, we’re, Wang, Sullivan, Ebrahim Raisi, Yan Yan, OOCL, Kuehne + Nagel, Jonathan Fulton, “ can’t, ” Fulton, William Figueroa, Xi Organizations: Hong Kong CNN, Ashkelon Academic College, Beijing, Iran, People’s Liberation Army Navy, Britain, United Nations Security Council, Global, Western, Chinese Foreign, White House, Reuters, Chinese Foreign Ministry, China, Shanghai Shipping Exchange, Atlantic Council, University of Groningen, Xi’s Global Security Initiative, GSI, Hamas Locations: Hong Kong, Red, Israel, Ashkelon, United States, China, Europe, Yemen, Gulf, Aden, Djibouti, Beijing, Gaza, Bangkok, Iran, Tehran, Africa, Switzerland, Francisco, Shanghai, Abu Dhabi, Egypt, Suez, Sea, Saudi Arabia, Netherlands

☆ Exclusive: Xi promised Biden China wouldn’t interfere in 2024 election
▼ + stars: | 2024-01-30 | by ( Sean Lyngaas | Mj Lee | ) edition.cnn.com time to read: +6 min

In a meeting this past weekend in Bangkok with Chinese Foreign Minister Wang Yi, US national security adviser Jake Sullivan again brought up the topic. Wang offered Sullivan the same assurance Xi had given Biden months prior — that Beijing would not meddle in the American election this fall, the source said. The White House National Security Council declined to comment on whether election interference came up in the Biden-Xi and Sullivan-Wang meetings. CNN has reached out to the Chinese Foreign Ministry for comment. Last week, a senior National Security Agency official told reporters that the agency had not yet seen signs of any notable new foreign influence operations aimed at the 2024 election.

Persons: Xi Jinping, Joe Biden, Xi, Biden, Wang Yi, Jake Sullivan, Wang, Sullivan, Hillary Clinton’s, ”, “, Chris Krebs, ” Krebs, Brendan Smialowski, Antony Blinken, CNN’s Natasha Bertrand Organizations: CNN, Chinese Foreign, Democratic National Committee, FBI, Justice Department, White House National Security, Biden, Chinese Foreign Ministry, Microsoft, of, National Security Agency, US, Infrastructure Security, Economic Cooperation, APEC, Getty Locations: China, California, Bangkok, Beijing, Taiwan, Russia, Iran, Asia, Woodside , California, AFP, Washington, Chinese

BANGKOK (AP) — Asian shares were mixed on Tuesday, with Hong Kong and Shanghai leading declines, ahead of a decision by the Federal Reserve this week on interest rates. But shares in China Evergrande New Energy Vehicle Group gained 7% as they resumed trading after they also were suspended on Monday. Other property companies led the decline in Hong Kong, where the benchmark Hang Seng index sank 2.4% to 15,694.69. Political Cartoons View All 253 ImagesTechnology companies also retreated, with food delivery company Meituan down 2.8% and e-commerce giant Alibaba falling 1.9%. On Monday, U.S. stocks gained as they kicked off a week where Wall Street’s most influential stocks may show whether the huge expectations built up for them are justified.

Persons: ” Stephen Innes, Australia's, Archer Daniels, Brent Organizations: Federal Reserve, China Evergrande Group, Energy Vehicle Group, Evergrande, Services, Sunac China Holdings, F, Technology, Management, Nikkei, Dow Jones, Nasdaq, Big Tech, Microsoft, Traders, Fed, Archer Daniels Midland, Amazon, New York Mercantile Exchange, U.S Locations: BANGKOK, Hong Kong, Shanghai, China, Guangzhou, Asia, South Korea, U.S, Wall, iRobot

“The group participants remain detained at the immigration center in a shared cell with 80 people,” the post said. The seven band members were arrested last Thursday after playing a concert on the southern resort island of Phuket, reportedly for not having proper working papers. After paying a fine, the band members were sent to the Immigration Detention Center in Bangkok. The detained musicians “include Russia citizens as well as dual nationals of Russia and other countries, including Israel and Australia,” the group Human Rights Watch said in a statement Tuesday. Andrei Lugovoi, a member of the lower house of Russia's parliament, called the band members “scum” for their criticism of Russia's military operations in Ukraine.

Persons: Ilya Ilyin, “, ”, Elaine Pearson, Vladimir Putin, Dmitry Gudkov, Gudkov, Andrei Lugovoi, ” Lugovoi, Alexander Litvinenko Organizations: —, Facebook, RIA Novosti, Immigration Detention, Human Rights Watch, Rights Watch, AP, Kremlin, Russian Foreign Ministry, YouTube, Spotify Locations: BANGKOK, Ukraine, Russia, Israel, Russian, Phuket, Bangkok, Australia, Asia, ”, Britain, London

☆ Gold directionless ahead of US central bank decision
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold headed for a weekly gain after US price data came in cooler than forecast, reinforcing expectations for multiple interest rate cuts by the Federal Reserve next year. Gold prices were in a tight range on Tuesday as traders awaited the U.S. central bank's decision on key policy rates and remarks from Chair Jerome Powell. A Reuters poll showed on Monday that uncertainty about the economy and U.S. interest rate cuts could drive record gold prices in 2024. Lower interest rates decrease the opportunity cost of holding bullion.

Persons: Gold, Jerome Powell, Ajay Kedia, Powell Organizations: Co, Federal Reserve, Traders, U.S, Kedia Commodities, Wednesday, Treasury Locations: Bangkok, Thailand, U.S, U.S . Federal, Mumbai, United States

The order by the Hong Kong High Court also is not a remedy for the crisis of confidence haunting China’s financial markets. Markets in both Hong Kong and Shanghai fell Tuesday while share prices of property developers sank. State-owned Chinese banks and other domestic entities own most of the debt owed by Chinese property developers. David Goodman, director of the University of Sydney’s China Studies Center, said he thinks China’s property debt burdens are unlikely to precipitate a major financial crisis. “The fact of the matter is that the Chinese financial system is not as open or as marketized (as in the United States),” he said.

Persons: Brock Silvers, haven't, Silver, ”, Seng, David Goodman, —, Soo Organizations: Evergrande, Hong Kong High, Kaiyuan, ”, Sunac China Holdings, F Properties, Shanghai, Swiss Re Institute, Swiss, University of Sydney’s China Studies Center Locations: BANGKOK, Hong Kong, China, Beijing, Shanghai, Guangzhou, United States, U.S, Singapore

☆ Arms Dealer Linked to Myanmar Junta Acquitted in Thai Money Laundering Case
▼ + stars: | 2024-01-30 | by ( Richard C. Paddock | Muktita Suhartono | ) www.nytimes.com time to read: +1 min

A wealthy Myanmar arms broker with close ties to the leader of Myanmar’s brutal military regime was acquitted on Tuesday by a Bangkok court on charges of drug trafficking and money laundering, raising fears that he will be free to resume his activities aiding the junta. U Tun Min Latt, who was placed under sanctions by the United States last year for supplying the Myanmar regime with weapons, had spent 16 months in a Thai jail awaiting trial. The Thai authorities had accused Mr. Tun Min Latt and three associates of engaging in a scheme to launder drug money by using it to buy electricity in Thailand and sending it across the border to Myanmar. But the Thai criminal court found that the record of bank transactions presented by prosecutors did not provide sufficient evidence to prove the charges. With the ruling, about two dozen family members and supporters of the accused burst into applause in the courtroom.

Persons: Latt, Min Aung, Tun Min Latt Organizations: United Locations: Myanmar, Bangkok, United States, Thailand

☆ British BASE jumper falls to his death from condominium in Thailand after parachute fails
▼ + stars: | 2024-01-29 | by ( Kocha Olarn | Heather Chen | ) edition.cnn.com time to read: +1 min

Bangkok, Thailand CNN —A British BASE jumper has died in Thailand after his parachute failed to open when he launched off an apartment building, local police told CNN. The victim was identified as Nathy Odinson, a 33-year-old British male citizen, he added. Odinson was believed to have been involved in a business selling parachute kits for about 10 years, Sinthurat said. Police confirmed that a parachute backpack was still attached to Odinson’s body and said the parachute kit likely malfunctioned. CNN has reached out to the British Foreign Office as well as the British Embassy in Bangkok for further comment.

Persons: Thailand CNN —, Nawin Sinthurat, Instagram, Odinson, Sinthurat, ” Sinthurat, “, ” Organizations: Thailand CNN, CNN, Authorities, Facebook, Police, British, Office, British Embassy Locations: Bangkok, Thailand, British, Pattaya

HONG KONG (AP) — Asian markets opened the week on a positive note, with Chinese regulators announcing measures to support the country’s teetering stock markets while heavily indebted property developer China Evergrande was ordered to undergo liquidation. China's securities regulator announced on Sunday that beginning Monday, China will suspend the lending of specific shares for short selling, a move to support the country’s declining stock markets. The Federal Reserve’s meeting this week will likely end with no change to interest rates, but traders are split on whether it could begin cutting rates in March. It's trying to slow the economy and hurt investment prices enough through high interest rates to get inflation fully under control. Traders are betting the Fed will cut interest rates as many as six times this year, according to data from CME Group.

Persons: China Evergrande, Evergrande, Australia’s, It's Organizations: China Evergrande, Hong, Hong Kong High Court, Dow Jones, Nasdaq, Intel, Fed, Treasury, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok

☆ Beijing intensifies military pressure on Taiwan as U.S.-China talks resume
▼ + stars: | 2024-01-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

From 6 a.m. Friday to 6 a.m. Saturday local time, China sent 33 military aircraft and six naval vessels toward Taiwan, according to Taiwan's Defense Ministry. For example, at their meeting, Sullivan and Wang confirmed the plan to launch a collaborative U.S.-China "Counternarcotics Working Group" on Tuesday to address the fentanyl crisis. The contentious issue comes up at nearly every U.S.-China meeting, including the high-profile talks between President Joe Biden and Chinese President Xi Jinping in November. China's military pressure on Taiwan comes during what senior administration officials have called "a period of higher tension." Lai was China's least favorite candidate due to his support of maintaining Taiwan's status quo.

Persons: Xi Jinping, Joe Biden, Jake Sullivan, Wang Yi, Sullivan, Wang, Mr, Lai Ching, Lai Organizations: U.S, Foreign, Taiwan's Defense Ministry, Democratic Progressive Party, U.S . Locations: Filoli, U.S ., California, Beijing, Taiwan, China, Taiwan Strait, U.S, United States, PRC, Bangkok

In repelling disinformation, Chinese and domestic, Taiwan offers an example to other democracies holding elections this year. And when the election results came out, they thought something was up,” said Eve Chiu, the editor-in-chief of Taiwan’s FactCheck Center, a nonprofit journalism organization. Taiwan's FactCheck Center debunked multiple videos of alleged voter fraud, including another one in which voting officials make a human error caught on camera. Taiwan has been able to effectively respond to Chinese disinformation in part because of how seriously the threat is perceived there, according to Kenton Thibaut, a senior resident fellow and expert on Chinese disinformation at the Atlantic Council’s Digital Forensic Research Lab. Others like, Taiwan FactCheck Center, are careful to not take government money so as to preserve their independence, said Chiu.

Persons: miscounting, “, ”, Eve Chiu, Ko Wen, Taiwan's FactCheck, Kenton Thibaut, Thibaut, Alexander Tah, Ray Yui, Yui, ” Yui, Charles Yeh, Chiu, Donald Trump, they’re, Jim Ludes, Ko, DoubleThink, GaChuDao, Wu, ___ Wu, Didi Tang Organizations: WASHINGTON, Taiwan’s, Taiwan People’s Party, Facebook, DoubleThink, Democratic Progressive Party, Taiwan can’t, Atlantic, Forensic Research, Associated Press, Taiwan FactCheck Center, Google, Media, ”, Pell Center for International Relations, Salve Regina University Locations: Taiwan’s, China, Taiwan, India, Mexico, Russia, America, Kenton, U.S, United States, Iran, Bangkok

☆ China Says Wang, U.S. Sullivan Held 'Candid, Fruitful' Talks on Handling Issues
▼ + stars: | 2024-01-27 | by ( Jan. | At A.M. | ) www.usnews.com time to read: 1 min

BANGKOK (Reuters) - Chinese Foreign Minister Wang Yi had "candid, substantive and fruitful strategic communication" with U.S. National Security Advisor Jake Sullivan, aimed at furthering a pledge of dialogue by their leaders, China's foreign ministry said on Saturday. The two officials during the Bangkok meeting Saturday and Sunday agreed to properly handle important and sensitive issues in U.S.-China relations, the ministry said, and for Presidents Xi Jinping and Joe Biden to "maintain regular contact to provide strategic guidance for bilateral relations ... and make good use of the current strategic communication channels."

Persons: Wang Yi, Jake Sullivan, Xi Jinping, Joe Biden Organizations: . National Locations: BANGKOK, Bangkok, China

But the meeting failed to resolve any of their major differences, many of which have international implications. In a White House statement Saturday on the meeting, Sullivan stressed the importance of maintaining peace and stability across the Taiwan Strait. China claims self-ruled Taiwan as its own territory and in recent years has shown its displeasure at political activities in Taiwan by sending military planes and ships. Lai’s Democratic Progressive Party largely campaigned on self-determination, social justice and a rejection of China’s threats. Sullivan highlighted that although Washington and Beijing are in competition, both sides have to “prevent it from veering into conflict or confrontation,” it added.

Persons: Wang Yi, Jake Sullivan, Wang, Joe Biden, ” Wang, Sullivan, Xi Jinping, Lai Ching Organizations: BEIJING, U.S . National, Democratic Progressive Party, U.S, China - Locations: Washington, Taiwan, Thai, China, U.S, Bangkok, Malta, Vienna, Taiwan Strait, Ukraine, East, North Korea, South China, Myanmar, Beijing

BANGKOK (AP) — Senior U.S. and Chinese representatives are expected to meet in Bangkok, Thailand as the two countries seek to cool tensions. Officials from both sides said U.S. National Security Adviser Jake Sullivan and Chinese Foreign Minister Wang Yi would meet. Political Cartoons View All 253 ImagesChinese foreign ministry spokesperson Wang Wenbin confirmed that Wang Yi plans to meet with Sullivan. Sullivan, whose visit is scheduled to end Saturday, paid a courtesy call Friday on Prime Minister Srettha Thavisin and later held a bilateral meeting with Foreign Minister Parnpree Bahiddha-Nukara, the Thai foreign ministry said. The Thai foreign ministry announced that Wang Yi will meet with his counterpart on Saturday to sign an agreement exempting Thai nationals from requiring visas to visit China, and on Monday will meet with the prime minister.

Persons: Jake Sullivan, Wang Yi, Adrienne Watson, “, Biden, Xi, Wang Wenbin, Sullivan, Wang, Srettha Thavisin, Parnpree Bahiddha, ” Organizations: — Senior, National, Foreign, Thai, National Security, Foreign Ministry, Washington Locations: BANGKOK, Bangkok, Thailand, Thai, Suez, China, Iran, Beijing, Chinese, North Korea, Washington, Myanmar, Ukraine

BANGKOK (AP) — China’s leaders launched a barrage of new policies this week to prop up languishing financial markets and rekindle growth in the world’s second-largest economy. The moves to support lending and spending with billions of dollars of fresh cash gathered pace when the central bank cut bank reserve requirements and issued new rules to encourage banks to lend more to property companies. HOW IS THE CHINESE ECONOMY DOING? The Chinese economy grew at a 5.2% annual pace in 2023, exceeding the government's target, and many indicators including factory output and retail sales show signs of improvement. The moves to put more money into the economy and encourage bank lending might not go far enough, many analysts said.

Persons: —, Premier Li Qiang, ”, It's, Pan Gongsheng, ” Stephen Innes Organizations: State Council, Economic, People's Bank of China Gov, Management Locations: BANGKOK, United States, China, Premier, Davos, Switzerland, Hong Kong, Beijing

☆ Pita Limjaroenrat: Thai court dismisses media shares case against popular progressive politician
▼ + stars: | 2024-01-24 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

Thailand’s Constitutional Court dismissed a case against Pita Limjaroenrat, 43, that alleged he violated election rules by running for office while holding shares in a media company – the long-defunct broadcaster iTV. Thai law bans members of parliament from owning or holding shares in media companies. Ahead of Wednesday’s verdict, Pita expressed confidence outside the court in Bangkok. Move Forward won the most seats and the largest share of the popular vote in the May election. And most recently, Move Forward’s predecessor, the Future Forward Party, won the third most seats in the 2019 election.

Persons: Pita Limjaroenrat, Pita, ”, “, Thais, turfing, Srettha Thavisin, Samak Sundaravej, Thaksin Shinawatra, – Organizations: Thailand CNN, Constitutional, iTV, Party, Thai Stock Exchange, CNN, National Institute of Development Administration, Reuters, Lawmakers, Forward Party Locations: Bangkok, Thailand, “

☆ Bangkok Bank expects the Thai economy to grow by up to 3%
▼ + stars: | 2024-01-24 | 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 EmailBangkok Bank expects the Thai economy to grow by up to 3%Chartsiri Sophonpanich, president of Bangkok Bank, says exports should be "performing better" with the improvement in global trade.

Persons: Sophonpanich Organizations: Bank, Bangkok Bank

☆ The world is draining its precious subterranean reserves of water
▼ + stars: | 2024-01-24 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The authors found that groundwater levels declined between 2000 and 2022 in 71% of the 1,693 aquifer systems included in the research, with groundwater levels declining more than 0.1 meter a year in 36%, or 617, of them. Declines not universalThe study also highlighted some success stories in Bangkok, Arizona and New Mexico, where groundwater has begun to recover after interventions to better regulate water use or redirect water to replenish depleted aquifers. They found that declines in groundwater levels sped up in the first two decades of the 21st century for 30% of those aquifers, outpacing the declines recorded between 1980 and 2000. “I think it’s fair to say this global compilation of groundwater data hasn’t been done, certainly on this scale, at least to my knowledge before,” he said. “Groundwater is an incredibly important resource but one of the challenges is… because we can’t see it, it’s out of mind for most people.

Persons: ”, Debra Perrone, Scott Jasechko, Jasechko, ” Jasechko, Donald John MacAllister Organizations: CNN, University of California’s, Environmental, Bren School of Environmental Science, Management, University of California Santa, British Geological Survey Locations: India, United States, Soplamo, Spain, University of California Santa Barbara, Iran, Africa, South America, Asia, Bangkok , Arizona, New Mexico

BANGKOK (AP) — Asian shares were mixed on Wednesday after Japan reported its exports jumped nearly 10% in December, though shares in Tokyo declined. Hong Kong’s Hang Seng surged 2% to 15,569.39, helped by gains in technology companies like e-commerce giant Alibaba, which surged 3.8%. The index rose 0.3% to 4,864.60. United Airlines flew 5.3% higher after it also reported stronger profit for the last three months of 2023 than analysts expected. Among Tuesday’s headliners was Verizon Communications, which rose 6.7% after beating analysts’ profit estimates.

Persons: Wang Jiangjun, Hang Seng, ” Gabriel Ng, India's Sensex, Gamble, D.R, Horton, Brent Organizations: Japan, China Securities Regulatory Commission, Capital Economics, Nikkei, Bank of, Nasdaq, Dow Jones, Procter, United Airlines, Boeing, Max, Tesla, Intel, Verizon Communications, General Electric, Analysts, Federal Reserve, Treasury, New York Mercantile Exchange, U.S Locations: BANGKOK, Tokyo, China, Shanghai, Bank of Japan, South Korea, Australia, Bangkok

☆ Humans are depleting groundwater faster than in the past 40 years, but places like Saudi Arabia and Thailand have figured out how to boost their freshwater reserves
▼ + stars: | 2024-01-24 | by ( Suman Naishadham | Associated Press | ) www.businessinsider.com time to read: +6 min

Humans in many parts of the world are pumping groundwater faster than it can be replenished. Places like Thailand and Saudi Arabia, however, have managed to slow groundwater depletion rates. USGSGroundwater is one of the largest freshwater sources anywhere in the world, making the depletion of aquifers a significant concern. AdvertisementGroundwater depletion is more severe now than a few decades agoFarms are responsible for much of the US's groundwater depletion. The Bangkok basin in Thailand is another example the study highlighted where groundwater levels rose in the early 21st century compared to previous decades.

Persons: Scott Jasechko, Upmanu Lall, Jasechko, Richard Taylor, Taylor, Hydrologists, Felicia Marcus, Marcus, you've Organizations: Service, University of California, Columbia University, Columbia Water Center, University College London hydrogeology, Stanford, Water, West Program Locations: Thailand, Saudi Arabia, Santa Barbara, drylands, Mexico, Iran, California, Bangkok, Thai, Tucson , Arizona, Colorado

Myanmar sank into civil war after the army seized power from the elected government of Aung San Suu Kyi in February 2021. At least 107 religious buildings — including 67 churches and five Buddhist monasteries — have been destroyed by the military since the 2021 takeover in Chin state alone, the Chin Human Rights Organization said. Myanmar Witness cross-checks evidence such as photos, videos and witness accounts found on social media with satellite photo analysis and other methods to try to verify human rights abuses. Many human rights activists believe that the military aims for religious buildings. "I can think of 10 that I’ve already seen in ruins or big holes in them, direct airstrikes," Eubank said.

Persons: Chin, Aung, Suu Kyi, Matt Lawrence, ”, Benedict Rogers, Salai Mang, Lian, ” Lian, “, Ngun Thawng Lian, —, Karenni, Dave Eubank, I’ve, Eubank Organizations: Burman, United Nations, Assistance Association for Political, Information Resilience, Human Rights Organization, International Commission of Jurists, Myanmar Air Force’s, East Asia, Christian Solidarity Worldwide, “, Myanmar, Free Burma Rangers, U.S . Special Forces Locations: BANGKOK, Myanmar, Suu, United Kingdom, Chin, “, Rakhine, Bangladesh, Australia, Thantlang, Philippines, Philippine, Kayah, Demoso, Karenni

It said China plans to tap offshore funds held by Chinese state-owned enterprises and also local funds. Elsewhere in Asia, South Korea's Kospi rose 0.6% to 2,478.61 and Australia's S&P/ASX 200 added 0.5% to 7,514.90. ADM also said it expects to report profit for the full year of 2023 that’s below what analysts were forecasting. That in turn has relaxed the pressure considerably on the stock market and helped it to rip higher. In other trading, U.S. benchmark crude oil rose 9 cents to $74.85 per barrel in electronic trading on the New York Mercantile Exchange.

Persons: Seng, Tan Boon Heng, “, ” Tan, Sunoco, Archer Daniels Midland, Tesla Organizations: Bloomberg, Mizuho Bank, Nikkei, Bank of Japan, U.S ., Dow Jones, Nasdaq, Technologies, NuStar Energy, ADM, American Airlines, Intel, Procter, Gamble, Federal Reserve, Treasury, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong Kong, Shanghai, Beijing, China, South, U.S

BANGKOK (AP) — Riot Games, the developer of the popular “League of Legends” multiplayer battle game is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff. Jadeja said the Los Angeles, California-based company had expanded its investments across too many areas, doubling its staff in a few years, and now was cutting back to focus on games. Riot Games said it will pay staff who are laid off six months of salary at a minimum, cash bonuses and other benefits. Job cuts have been taking a toll on workers across various industries — including retail, tech, media and hospitality — over the last few years. Political Cartoons View All 253 ImagesMany have been in the tech sector, which hired heavily during the pandemic, when people whiled away time stuck at home playing games online.

Persons: Dylan Jadeja, Jadeja Organizations: “ League, Riot, Google, Hasbro, LinkedIn Locations: BANGKOK, Los Angeles , California

☆ I retired and moved to Thailand. It's cheap, and I feel more respected here than in the UK.
▼ + stars: | 2024-01-22 | by ( Rebecca Root | ) www.businessinsider.com time to read: +5 min

The 75-year-old Brit landed on Hua Hin, a beach town south of Bangkok, Thailand. south of Bangkok, Thailand. He spends his days swimming and sun bathing and said medical care is cheaper and faster. Choosing where I wanted to retire abroad was difficultI decided against a care home in the UK for myself. My family's reaction when I said I would retire in Thailand was, "We can't come to see you.

Persons: Jeffrey Ogden, Brit, Hua Hin, —, I've, I'd, I'm, Chiang Mai, didn't Organizations: Service, Sunshine International Locations: Bangkok, Thailand, Watford, United Kingdom, Spain, Caribbean, America, Australia, New Zealand, Vietnam, Indonesia, Malaysia, Asia, Pattaya, Hua

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