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☆ Everyone is responsible for tackling the climate crisis, Belgian ambassador says
▼ + stars: | 2023-10-19 | 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 EmailEveryone is responsible for tackling the climate crisis, Belgian ambassador saysIndustry leaders debate how Asia needs to respond to the climate crisis from CNBC Connect, a live event held in Bangkok, Thailand

Organizations: CNBC Connect Locations: Belgian, Asia, Bangkok, Thailand

☆ What role does agriculture have in the climate crisis?
▼ + stars: | 2023-10-19 | 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 EmailWhat role does agriculture have in the climate crisis? Bjoern Ole Sander from the International Rice Research Institute speaks to Teymoor Nabili from the CNBC Connect event held in Bangkok, Thailand, about the challenges of reducing methane emissions from growing rice.

Persons: Bjoern Ole Sander, Teymoor Nabili Organizations: International Rice Research, CNBC Locations: Bangkok, Thailand

AdvertisementAdvertisementThe information for the following product(s) has been collected independently by Business Insider: Hilton Honors American Express Surpass® Card, Hilton Honors American Express Aspire Card. Customers who hold the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card will soon receive enhanced benefits – as well as increased annual fees. What you should know about the Hilton Honors Amex CardThe Hilton Honors Amex is the hotel chain's base-level credit card. If you reach the $2,000 spending requirement making Hilton hotel purchases, you could end up with 114,000 Hilton Honors points, since eligible Hilton purchases earn 7 points per dollar. If you're a heavy Hilton loyalist, consider the mid-tier Hilton Honors American Express Surpass® Card or the premium Hilton Honors American Express Aspire Card.

Persons: Hilton, —, David Slotnick, Amex, You'll, you'll Organizations: Business, Hilton, American, Hilton Honors, Service, Honors, U.S, Hilton Gold Locations: Bangkok, U.S, Hampton, Colombia, Mexico's Baja California

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

☆ Siem Reap-Angkor International Airport: Cambodia’s newest and biggest airport opens to commercial flights
▼ + stars: | 2023-10-18 | by ( Karla Cripps | ) edition.cnn.com time to read: +3 min

CNN —Cambodia’s newest and biggest airport opened to commercial operations in the province of Siem Reap in the country’s northwest this week. The China-funded Siem Reap-Angkor International Airport is now the main gateway to one of the country’s most popular tourist sites, the UNESCO-listed Angkor Archaeological Complex. Using the International Air Transport Association-designated code SAI, it replaces Siem Reap International Airport (REP), which first opened in 1932 and is only a few kilometers away from the Angkor complex. Located in Siem Reap province, the UNESCO-listed Angkor Archaeological Park is one of Cambodia's most famous sites. The country is on track to receive approximately 4.5 to five million international tourists by the end of this year, says the ministry.

Persons: Ashit Desai, Angkor Thom Organizations: CNN, UNESCO, Thailand’s Bangkok Airways, International Air Transport Association, SAI, Initiative, REP, Economic, Office, Embassy, Yunnan Aviation Industry Investment Group, Construction, Getty, Cambodia’s Ministry, Tourism Locations: Siem Reap, China, Angkor, Siem, Cambodia, Southeast Asia, Khmer, Angkor Wat

BANGKOK (AP) — Markets fell in Europe and Asia after China reported Wednesday that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. The future for the S&P 500 lost 0.2% and that for the Dow Jones Industrial Average was 0.1% lower. Weak global demand and the property industry remain the biggest shadows overhanging the economy in the near term, economists said. “The wider data on the property sector remained weak, although green shoots are appearing,” Capital Economics said in a report. Bank of New York Mellon rose 3.8% after it also reported stronger profit than expected for the latest quarter.

Persons: Germany's DAX, Wyndham, Brent, Writers Zen Soo, Stan Choe Organizations: —, CAC, FTSE, Dow Jones, Bureau of Statistics, Nikkei, Nasdaq, U.S, Treasury, Nvidia, Bank of America, Wall, Bank of New, Bank of New York Mellon, Wyndham Hotels, Resorts, ”, New York Mercantile Exchange, AP, Writers Zen Locations: BANGKOK, Europe, Asia, China, Paris, Shanghai, Tokyo, Bank of New York, Iran

☆ These are the 50 best bars in the world for 2023 — another Barcelona bar tops the list
▼ + stars: | 2023-10-18 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +6 min

SINGAPORE — Sips in Barcelona, Spain is the best bar in the world, according to this year's ranking by the 50 Best organization. The World's 50 Best Bars were announced at an awards ceremony in Singapore on Tuesday evening — the first time the ceremony was held in Asia. The annual ranking is published by William Reed Business Media, a U.K.-based company that also publishes "The World's 50 Best Restaurants" list — and in a first, "The World's 50 Best Hotels," published in September. The 50 Best organization has published an annual ranking of "The World's 50 Best Bars" since 2009, with London and New York dominating the lists ever since. Courtesy of The World's 50 Best Bars

Persons: William Reed, Sips, Marc Álvarez, Frida Calho, Sydney –, Madrid, Rome Hanky, Kitten, Scotland Mimi Kakushi, Renato, Simone Caporale, Röda, Apoorva Kohli Organizations: Sips, Mexico City, William, William Reed Business Media, CNBC, South America, United Arab Emirates, Barcelona Connaught Bar, South America Himkok, Greece BKK Social, Salmon Guru, Hong, Buenos Aires Röda Huset, SG Club, Cambridge Public House, Sons, Africa Scarfes Bar, Milan Carnaval, Bar, Athens Atlas, American, Asia Locations: SINGAPORE, Barcelona, Spain, Singapore, Asia, New York, Mexico, U.K, London, Sips, Europe, North, South, Australia, Dubai, United Arab, South America, Oslo, Norway, Seoul, North America, Paradiso, Paris, Limantour, London Alquímico, Cartagena, Columbia, Buenos Aires, Argentina, Athens, Greece, Bangkok, Pony, Salmon, , New York, Hong Kong, Rome, Rome Hanky Panky, Melbourne, Trova, Miami Baba, Rum, Athens CoChinChina, Berlin, Stockholm, Tokyo, Edinburgh, Scotland, United Arab Emirates, Middle East, Milan, Lima, Peru L'Antiquario, Naples, Italy, Mexico City, Firenze, Florence, , New Orleans, Gleneagles, Auchterarder, Röda Huset, New Delhi, Alquímico

☆ ‘World’s best’ bar for 2023 is revealed
▼ + stars: | 2023-10-17 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

Singapore CNN —Barcelona has retained its grip on the World’s 50 Best Bars list as intimate cocktail joint Sips claimed the top spot at 2023’s awards. Winners were voted for anonymously by the World’s 50 Best Bar Academy, a group of 680 industry figures including bar owners, bartenders and critics. The group also coordinates the World’s 50 Best Restaurants list, which named fine dining establishment Central, in the Peruvian capital Lima, at No. World’s best bars for 20231. Baba au Rum, AthensFor the full list of the top 50, visit the World’s 50 Best Bars site.

Persons: “, ‘, Miami’s, Connaught, Sips, Simone Caporale, Marc Álvarez, ” Caporale, mixologist, ” William Reed, Licorería, Sammy, Salmon, Hanky, Café Organizations: Singapore CNN — Barcelona, Mexico City, Bar Academy, Connaught Bar, CNN, BKK Social, Sydney Locations: Singapore, London, New York, Spain, Europe, Mexico, Buenos Aires, New York City, Manhattan’s Lower, Side . Florida, Louisiana, New Orleans, Mayfair, Barcelona, Lima, Sips, Paris, Licorería Limantour, Alquímico, Cartagena, Himkok, Oslo, Athens, Bangkok, Pony, Madrid, , New York, Seoul, Hong Kong, Rome, Hanky Panky, Melbourne, Trova, Miami, Baba au Rum

[1/2] Thailand's Prime Minister Srettha Thavisin arrives at Beijing Capital International Airport to attend the Third Belt and Road Forum in Beijing, China, October 16, 2023. "And if you look at the month-by-month statistics, Chinese investments are still increasing," he told Reuters. "So I see that in the next two or three years, Chinese investments will still increase drastically in Thailand." But a large proportion of the 228 Chinese investments proposals this year have come in the electronics sector, according to the BOI. Chinese investments will likely continue for the next two years, Jareeporn said.

Persons: Srettha Thavisin, Tingshu Wang, General Narit Therdsteerasukdi, Srettha, Xiaomi Corp's, Alain Lam, Narit, Jareeporn Jarukornsakul, Jareeporn, Chayut, Shri Navaratnam Organizations: Thailand's, Beijing Capital International Airport, Forum, REUTERS, Rights, of Investment, Investment, Reuters, Thai, Initiative, HK, Toyota, Isuzu Motors, WHA, Thomson Locations: Beijing, China, Rights BANGKOK, Thailand, Singapore, Southeast Asia's, Thailand's, Thai

☆ UN Urges More International Focus on Rohingya Refugees
▼ + stars: | 2023-10-17 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Panu Wongcha-umBANGKOK (Reuters) - The United Nations refugee agency on Tuesday urged the international community to keep focus on the plight of the Rohingya refugees amid a funding crunch and the lack of long-term solution for their safe return to Myanmar. Nearly one million Rohingya Muslims fled a military-led crackdown in Buddhist-majority Myanmar in 2017 and are now living in camps in Bangladesh in what U.N. High Commissioner for Refugees Filippo Grandi described as "the biggest humanitarian refugee camp in the world". "This decline in humanitarian assistance makes it more difficult to continuously, for example, renew the shelters," Grandi said. Grandi praised Bangladesh for "miraculous" works in maintaining the Rohingya camps, allowing education for the Rohingya children, and said that the United Nations is currently discussing with Bangladesh on allowing refugees to work to support their livelihood in the camps. "People are suffering in Myanmar a lot, not just the Rohingya, and they deserve a better future."

Persons: Panu, Filippo Grandi, Grandi, Angus MacSwan Organizations: United Nations, Reuters, Global, Forum, UNHCR Locations: BANGKOK, Myanmar, Bangladesh, Bangkok, United

Political Cartoons View All 1211 ImagesThe futures for the S&P 500 and Dow industrials were up less than 0.1%. On Monday on Wall Street, the S&P 500 climbed 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. Financial markets have a history of weakening initially after a geopolitical shock, such as a war, only to revert to longer-term fundamentals. FactSet estimates that earnings per share at S&P 500 companies likely rose 0.4% in the last quarter from a year earlier. Shares of Lululemon jumped 10.3% in their first trading session after S&P Dow Jones Indices said the apparel company will join its widely tracked S&P 500 index.

Persons: Germany's DAX, Dow industrials, Antony, Blinken, ” Robert Carnell, Nicholas Mapa, Brent, ”, Mark Hackett, Johnson, Tesla, Charles Schwab, Dow Organizations: CAC, Nikkei, Hamas, Dow, Nasdaq, ING Economics, New York Mercantile Exchange, Treasury, Financial, Nationwide, Bank of America, Federal Reserve, Dow Jones, Activision Blizzard, Microsoft, U.S Locations: BANGKOK, East, Paris, Asia, Hong Kong, Shanghai, Australia, Thailand, Israel, Gaza, Lebanon, Iran

NEW YORK (AP) — Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. On Friday, the price of a barrel of benchmark U.S. crude oil jumped $4.78 to settle at $87.69. Early Monday, U.S. crude oil was unchanged while Brent was up 3 cents at $90.92 a barrel. Worries about the war pulled Treasury yields lower, which often happens when investors head for safer investments during times of stress. The yield on the 10-year Treasury fell to 4.63% from 4.70% late Thursday.

Persons: —, Israel, Brent, Korea's Kospi, Australia's, Wells, JPMorgan Chase, Jamie Dimon, Todd Vasos Organizations: Economics, Markets, Nikkei, Nasdaq, Dow, Treasury, United Nations, Federal Reserve, JPMorgan Chase, JPMorgan, UnitedHealth, Wall, Dollar, U.S . Locations: Asia, Israel, Gaza, U.S, Hong Kong, Shanghai, Wells Fargo

PHNOM PENH, Cambodia (AP) — Commercial operations began Monday at Cambodia’s newest and biggest airport, designed to serve as an upgraded gateway to the country’s major tourist attraction, the centuries-old Angkor Wat temple complex in the northwestern province of Siem Reap. A Bangkok Airways flight from Thailand was the first to land, with 16 additional flights scheduled for the first day of operations at the Siem Reap-Angkor International Airport. The new airport can handle 7 million passengers a year, with plans to augment it to handle 12 million passengers annually from 2040. Another Chinese-funded airport is being constructed at a cost of $1.5 billion to serve the capital Phnom Penh. The new Phnom Penh international airport, formally known as the Techo International Airport, is set on 2,600 hectares (6,425 acres) and scheduled for completion in 2024.

Persons: Vongsey Vissoth, Hun Manet Organizations: —, Bangkok Airways, Angkor International Airport, Ministry of Tourism, Phnom, Techo Locations: PHNOM PENH, Cambodia, Wat, Siem Reap, Thailand, Angkor, Angkor Wat, China, Tourism, Phnom Penh

HONG KONG (AP) — Asian markets slipped on Friday following a decline on Wall Street driven by mounting pressure from rising bond market yields. The Hang Seng in Hong Kong slipped 2.2% to 17,846.49 and the Shanghai Composite index fell 0.6% to 3,088.10. Japan’s Nikkei 225 index fell 0.6% to 32,315.99. On Thursday, the S&P 500 fell 0.6% to 4,349.61. The stock market has largely been taking its cues from the bond market recently.

Persons: Australia’s, Taiwan’s Taiex, Wells, Brent Organizations: National Bureau of Statistics, Japan’s Nikkei, Dow Jones, Nasdaq, Delta Air Lines, Ford Motor Co, United Auto Workers, Detroit, Treasury, Federal Reserve, Citigroup, JPMorgan Chase, UnitedHealth Group, New York Mercantile Exchange, U.S . Locations: HONG KONG, China, Hong Kong, Shanghai, South Korea, Bangkok, Louisville , Kentucky, Wells Fargo, Gaza

I need to have him back, in good shape – like before he left Thailand.”Thai workers at a vineyard in southern Israel. David Silverman/Getty Images/FILE‘Palestinian workers weren’t welcome anymore’Migrant workers from Asia make up more than half of Israel’s foreign work force, often taking on jobs as caregivers and within the construction industry. Human Rights Watch called for the “immediate and unconditional release” of all hostages and said that Thai workers, along with Nepalese and Filipinos, “were simply there to earn money to support their families. Migrant workers migrating to dangerous conflict zones in search of work, with little protection and legal enforcement, has been a “big issue for decades,” said British researcher and migrant worker rights specialist Andy Hall. Thailand itself is a major destination for migrant workers, mainly from poorer neighboring countries like Cambodia and Laos, as well as war-torn Myanmar.

Persons: Chumporn, Manee Jirachart, Jobs, Manee, He’d, Srettha Thavisin, ”, Phil Robertson, Lillian Suwanrumpha, Phiphat Ratchakitprakarn, ’ Manee, “, ” Chumporn, David Silverman, Paul Castelvi, Nick, Paul, Ladizhinskaya, Kav LaOved, Israel ”, ” Ladizhinskaya, Robertson, ‘, Andy Hall, ” Hall, Martin Griffiths Organizations: Bangkok CNN, Hamas, CNN, “, Asia, Human Rights Watch, Getty, Labour, CNN Philippines, Rights, Agency, UN Locations: Bangkok, Thailand, Israel, Gaza, United States, Canada, France, Asia, Palestinian Territories, Philippines, “ Thailand, AFP, Palestine, China, San Fernando, Pampanga, “, Cambodia, Laos, Myanmar

Reuters reviewed a confidential draft of the 10-member Association of Southeast Asian Nations' (ASEAN) "guide to AI ethics and governance," whose content has not previously been reported. In contrast to the EU's AI Act, the ASEAN "AI guide" asks companies to take countries' cultural differences into consideration and doesn’t prescribe unacceptable risk categories, according to the current version reviewed. With almost 700 million people and over a thousand ethnic groups and cultures, Southeast Asian countries have widely divergent rules governing censorship, misinformation, public content and hate speech that would likely affect AI regulation. The ASEAN guide advises companies to put in place an AI risk assessment structure and AI governance training, but leaves specifics to companies and local regulators. EU officials and lawmakers told Reuters that the bloc would continue to hold talks with Southeast Asian states to align over broader principles.

Persons: Stephen Braim, Alexandra van Huffelen, Fanny Potkin, Supantha Mukherjee, Panu, Sam Holmes Organizations: Reuters, Association of Southeast Asian Nations, ASEAN Digital, Companies, IBM, Google, ASEAN, Technology, United States, NIST, U.S . Department of Commerce's National Institute of Standards, Meta, Southeast, EU, European Commission, Thomson Locations: SINGAPORE, STOCKHOLM, Thailand, United, Southeast Asia, Japan, South Korea, Brussels, Singapore, Stockholm, Bangkok

BANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. Some of the strongest action was in the bond market, where Treasury yields eased after trading resumed following a holiday on Monday. The two-year Treasury yield, which moves more closely with expectations for the Fed’s actions, sank to 4.97% from 5.09%. Treasury yields had jumped last week to their highest levels in more than a decade, following the lead of the Fed’s main interest rate, which is at heights unseen since 2001. Traders are now betting on a nearly 73% chance that the year will end without any more Fed rate hikes, according to data from CME Group.

Persons: Australia's, They’ve Organizations: —, Bloomberg, Samsung Electronics, SK Hynix's, Investors, Federal Reserve, Dow Jones, Nasdaq, PepsiCo, Treasury, Traders, CME Group, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Hong Kong, Shanghai, South Korea, India, Bangkok, Israel

If the Fed's holdings of long-dated securities were shrinking like other parts of the curve, or even at all, more of these bonds would be available to the wider market. Wang recognizes that if the Fed held fewer longer-dated securities these yields might be even higher, but also points out that the Fed's holdings are largely determined by what Treasury issues. All told, the Fed's 'QT 2' is almost twice the pace of QT 1. Reuters Image Acquire Licensing RightsSince the Fed started QT 2, its total holdings of Treasury bills and bonds have fallen to $4.93 trillion from $5.77 trillion. The average profile of Fed-held Treasury debt is longer than total outstanding Treasury debt, and getting longer.

Persons: Sukree, Benson Durham, Piper Sandler, Joseph Wang, Wang, Pierre, Olivier Gourinchas, Neel Kashkari, Jamie McGeever, Andrea Ricci Organizations: Rights, Fed, Treasury, Reuters, Monetary, Minneapolis, Thomson Locations: Kasikornbank, Bangkok, Rights ORLANDO , Florida, Durham

BANGKOK (AP) — Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer. Oil prices, which had climbed Monday on worries about the violence in the Middle East, fell back. Oil prices already were volatile. Interest rates, and expectations for where they will go, have been driving Wall Street's swings more than anything since the start of last year. Investors dislike higher interest rates because they knock down prices for stocks and other investments.

Persons: Kospi, Brent, Amarpreet Singh, JPMorgan Chase Organizations: Wall, Nikkei, Federal Reserve, Fed, Dow Jones Industrial, Nasdaq, New York Mercantile Exchange, Brent, Barclays, Wall Street's, Halliburton, U.S . Treasury, Delta Air Lines, JPMorgan, UnitedHealth Group, U.S . Locations: BANGKOK, Gaza, Hong Kong, Australia, Bangkok, China's, Israel, Saudi Arabia, Wall, U.S

☆ What Thailand's new coalition government means for the cannabis market
▼ + stars: | 2023-10-10 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +6 min

In June 2022, the Southeast Asian nation became the first in Asia to decriminalize the cannabis plant, allowing it to be grown and consumed freely. Deputy Prime Minister Anutin Charnvirakul, leader of the Bhumjaithai party and one of Srettha's coalition partners, was a key figure responsible for legalizing recreational cannabis. Currently, many outlets claim to be medical cannabis platforms but they often prioritize profits rather than patient health, a number of clinics told CNBC. "This could foster a more positive perception of the cannabis industry among the public, and for the industry to sustain in the long run," Jintana said. "The prospect of exporting cannabis products to legal foreign markets aligns with Thailand's medical hub policy propelling both medicinal cannabis and other traditional herbs to the forefront," said Jintana.

Persons: Dimas Ardian, that's, Srettha Thavisin, Soratat, Srettha, hasn't, Soratat Pongsangiam, Sornkanok, Anutin Charnvirakul, Anutin, Jintana Manorompatrasal, Jintana, May's Organizations: Bloomberg, Getty, Greenhead, Reuters, Greenhead Clinic, Bangkok's Chulalongkorn University, Deputy, CNBC, Sawasdee Clinic Locations: San, Bangkok, Thailand, Asia, Phuket, U.S

☆ Young reservists fly back to Israel, say 'ready for war'
▼ + stars: | 2023-10-10 | by ( Clotaire Achi | ) www.reuters.com time to read: +1 min

PARIS, Oct 10 (Reuters) - Young Israeli reservists queued up at Paris' main airport on Tuesday to fly back home, speaking of their shock at the Hamas attacks and determination to fight. Israeli media said deaths from Saturday's Hamas attacks had reached 900, mostly civilians gunned down in homes, on streets or at a desert dance party. I think I'm ready for war," said Eden, who had arrived in France one month earlier for work. El Al (ELAL.TA) and Israir Airlines (ISRG.TA) have added more flights to bring reservists back to the country, after Israel said on Monday it had called up an unprecedented 300,000 reservists. It was shocking because we weren't expecting it at all," 26-year-old Shimone said of Saturday's attacks.

Persons: Eden, Charles, El Al, Israel, Shimone, They've, Clotaire Achi, Ingrid Melander, Christina Fincher Organizations: Young, Israir Airlines, Thomson Locations: Paris, Gaulle, France, Vietnam, Bangkok

BANGKOK (AP) — Share prices were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies. Wall Street hates high interest rates because they knock down prices for all kinds of investments. It means the economy is still doing well despite high rates, which could support corporate profits.

Persons: ” Stephen Innes, Brent, India's Sensex, SET, Lloyd Austin, GM, JPMorgan Chase Organizations: Management, New York Mercantile Exchange, Shanghai, U.S . Defense, Ford, Wall Street, Federal Reserve, Dow, Nasdaq, Treasury, Fed, Workers, General Motors, United Auto Workers, Detroit’s, Delta Air Lines, JPMorgan, UnitedHealth Group Locations: BANGKOK, Gaza, Tokyo, Australia, Hong, Palestinian, Israel

☆ Thailand says 12 of its citizens killed in Israel, 11 kidnapped
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: 1 min

A view shows a police station that was the site of a battle following a mass-infiltration by Hamas gunmen from the Gaza Strip, in Sderot, southern Israel October 8, 2023. REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsBANGKOK, Oct 9 (Reuters) - Thailand's foreign ministry on Monday said 12 Thai nationals had been killed in unrest in Israel, plus 11 more kidnapped and eight injured. "We are working to help all Thai citizens in Israel," Foreign Ministry spokesperson Kanchana Patarachoke told reporters. Reporting by Chayut Setboonsarng; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Ronen, Kanchana Patarachoke, Chayut Setboonsarng, Martin Petty Organizations: REUTERS, Rights, Foreign, Thomson Locations: Gaza, Sderot, Israel, Rights BANGKOK

BANGKOK (AP) — Crude oil prices surged and share prices were mostly lower on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. Oil prices fell back slightly after gaining more than $3 a barrel. Conflict in the Middle East often pushes oil prices higher given the risk of disruptions to supplies. Wall Street hates high interest rates because they hurt prices for all kinds of investments. It means the economy is still doing well despite high rates, which could support corporate profits.

Persons: ” Stephen Innes, Brent, Germany's DAX, Australia's, India's Sensex, Lloyd Austin, GM, JPMorgan Chase, Jon Gambrell Organizations: Management, New York Mercantile Exchange, Israel’s, Bank, U.S ., CAC, Dow, U.S . Defense, Ford, Wall Street, Federal Reserve, Nasdaq, Fed, General Motors, United Auto Workers, Detroit’s, Delta Air Lines, JPMorgan, UnitedHealth Group Locations: BANGKOK, Gaza, Tel, Paris, London, Shanghai, Hong Kong, Bangkok, Tokyo, Palestinian, Israel, Jerusalem

☆ Thai mall shooting victim's mother bids emotional farewell at cremation
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

[1/5] Mourners attend the cremation ceremony of Moe Myint, a 31-year-old Burmese victim of the Thailand mall shooting, at a temple in Nonthaburi, Thailand, October 8, 2023. REUTERS/Jorge Silva Acquire Licensing RightsNONTHABURI, Thailand, Oct 8 (Reuters) - Among the hundreds mourning Moe Myint on Sunday was the mother of the Burmese victim of last week's shooting rampage at a Bangkok mall, seeming dazed at the cremation ceremony on the outskirts of the Thai capital. Tears streaking her face, Khin Win was revived with smelling salts as she sat at the Buddhist ceremony. Moe Myint was one of two killed when a 14-year-old boy went on a shooting spree at the luxury Siam Paragon shopping centre in Bangkok's bustling commercial area on Tuesday. Moe Myint's employer, Aksorn Chantarojvanich, who attended the funeral, said she would provide the family 10,000 baht ($270) a month, matching the remittances Moe Myint had sent home.

Persons: Moe Myint, Jorge Silva, Win, Khin Win, Moe Myint's, Aksorn Chantarojvanich, Tawee Sodsong, Napat Weshasartar, Panu, William Mallard Organizations: REUTERS, Siam Paragon, Thai, Thomson Locations: Thailand, Nonthaburi, Bangkok, Thai, Siam, Myanmar

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