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A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The source, who declined to be named because the information was confidential, said Intel had made that decision around July. Intel is also expanding its investment in chip packaging in Malaysia, one of Vietnam's main Southeast Asian rivals. "You cannot take for granted that because Intel has already invested here it will invest more," Chung Seck, partner at law firm Baker & McKenzie Vietnam told Reuters. Asked about the possible investment plan at the time, Intel told Reuters: "Vietnam is an important part of our global manufacturing network, but we have not announced any new investments."
Persons: Dado Ruvic, Joe Biden, Biden's, Tran Luu Quang, chipmakers, Chung Seck, Baker, McKenzie, Francesco Guarascio @fraguarascio, Max Cherney, Khanh, Miyoung Kim Organizations: REUTERS, Rights, Intel, U.S, Reuters, Vietnam's, White House, Marvell, McKenzie Vietnam, Thomson Locations: Rights HANOI, Vietnam, China, Taiwan, United States, U.S, Hanoi, Europe, Malaysia, San Francisco, Khanh Vu
The results show how Australia's retail banks are leaning into businesses outside their traditional earnings engine of mortgages as higher interest rates raise the cost of repayments, spurring competition which has flattened profit margins. Sydney-listed Westpac said profit from its consumer division, which has just over one-fifth of Australian mortgages, shrank 7% in its full-year to end-September. Westpac gave no profit forecasts but said April-to-September trading was "more challenging" than the previous six months and "this is expected to continue into 2024". "If that does eventuate, interest rates will probably need to be higher than what we're thinking," he said on a call with analysts and media. Westpac declared a final dividend of 72 Australian cents per share, up from 64 Australian cents a year earlier.
Persons: David Gray, Azib Khan, Peter King, We've, Byron Kaye, Roushni Nair, Upasana Singh, Andrew Heavens, Josie Kao, Aurora Ellis Organizations: Australia's Westpac Banking Corp, REUTERS, Westpac, Commonwealth Bank, National Australia Bank, ANZ, Sydney, midsession, P Capital, Thomson Locations: Sydney, Australia, Ukraine, Bengaluru
CNN —American YouTuber MrBeast’s latest video, in which he says he built 100 wells across Africa, has drawn a complex response online since it was published on Saturday. Some Kenyan activists and journalists said he has spotlighted the failures of the Kenyan government, while MrBeast, whose real name is Jimmy Donaldson, anticipates that he will be “canceled” following the reaction. The new wells will provide clean drinking water for up to 500,000 people in Cameroon, Kenya, Somalia, Uganda and Zimbabwe, Donaldson said, while an accompanying fundraiser to support local water aid organizations had raised more than $300,000 by Monday morning. Donaldson is the most popular individual creator on YouTube, with more than 200 million subscribers. He has become known for his philanthropy, posting videos in which he sponsored 1,000 blind people’s cataract surgery and bought prosthetic limbs for 2,000 amputees.
Persons: MrBeast, Jimmy Donaldson, Donaldson, Boniface Mwangi, Ferdinand Omondi, , I’m, Francis Gaitho Organizations: CNN, Kenyan, ” CNN, YouTube Locations: Africa, Cameroon, Kenya, Somalia, Uganda, Zimbabwe
[1/4] People leave with goods from a supermarket that had been broken into in the aftermath of Hurricane Otis, in the outskirts of Acapulco, Mexico, October 26, 2023. Hurricane Otis last week hit Acapulco with winds of 165 miles per hour (266 km per hour), flooding the city, flipping roofs from homes and businesses, submerging vehicles, and severing communications as well as road and air connections. Mexico has sent thousands of armed forces members to keep order and help distribute tons of food and supplies. Acapulco residents are still searching for missing loved ones since the Category 5 hurricane hit with unexpected ferocity, far exceeding meteorologists' initial forecasts. State power utility CFE said on Tuesday morning one in four users in Guerrero hit by Otis was still without power.
Persons: Hurricane Otis, Alexandre Meneghini, Jose Luis Martinez, Andres Manuel Lopez Obrador, Abraham Moises Cano, Cano, Lopez Obrador, Guerrero, Otis, Jose Cortes, Josue, Casssandra Garrison Stefanie Eschenbacher, Dave Graham, Alistair Bell, Jonathan Oatis, Grant McCool Organizations: REUTERS, Rights, National Guard, Senate, Tuesday, Thomson Locations: Hurricane, Acapulco, Mexico, Rights ACAPULCO, del Sol, overpaid, Guerrero, Mexico City
He encourages skeptical taxpayers to look at universal basic income from the same "selfish point of view." Among those who received a basic income in Stockton, California, the unemployment rate dropped by nearly 50%. With more data at hand than theoretical projection, the evidence is overwhelming: Universal basic income is working nearly universally. Promising as these pilot programs are, the chances of a truly universal basic income in America remain remote. As for Tydricka Lewis, basic income afforded her the latitude to start her own nonprofit.
Persons: Tydricka Lewis, she'd, Lewis, North Carolina's, Jack Dorsey, Durham, Dorsey, Mark, Anthony Middleton, Middleton's, it's, Thomas Paine, Huey Long, George McGovern, Andrew Yang, Anna Jefferson, Nick Otto, Jefferson, Middleton, StepUp, UBI, we've, Michael Venutolo, Condé Organizations: North Carolina Central University , Durham, Abt Associates, University of Pennsylvania, Durham's, Excel, KFC, Generation Movement, Durham Bulls, The New York Times, National Geographic, Wired Locations: Durham, North, America, Black, New York City, Denver, Stockton , California, Los Angeles, Baltimore, Columbia, South Carolina, Birmingham , Alabama, Gainesville , Florida, Florida, Gainesville, AFP, Durham County, Washington, Chapel Hill , North Carolina
Russia has issued carefully calibrated criticism of both sides in the war between Israel and Hamas. It also expects the Israel-Hamas war to distract attention from the fighting in Ukraine and erode support for Kyiv. Russian President Vladimir Putin has condemned the Oct. 7 attack by Hamas militants on towns in southern Israel. Unlike Putin, who carefully balanced his statements, other Russian officials were more blunt in their criticism of Israeli strikes on Gaza. But this position also threatens Russia's friendly ties with Israel, which hasn’t joined Western sanctions against Moscow or given weapons to Ukraine.
Persons: Vladimir Putin, Israel, , Putin, Joe Biden, Rishi Sunak, Benjamin Netanyahu, Netanyahu, Konstantin Kosachev, Ramzan Kadyrov, assailing, hasn’t, Andrei Kortunov, Amir Weitmann, , Dmitry Peskov, Vladimir Solovyov, Yevgeny Satanovsky, Mikhail Bogdanov, Maria Zakharova detests, ” Alexander Baunov, ” Izabella Tabarovsky Organizations: Kyiv, Washington, Security, U.S, British, Palestinian Authority, Hamas, Moscow, Russian International Affairs Council, The, Likud, Kremlin, RT, Ukraine, Foreign, Carnegie Russia Eurasia Center, Kennan Institute Locations: Russia, Israel, Moscow, Ukraine, Russian, Gaza, Nazi, Leningrad, Palestinian, China, Beijing, Egypt, Iran, Iraq, Syria, Chechnya, assailing Israel, Maria Zakharova detests Israel, israel, russia, ukraine
[1/2] Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring-Wielgus, Adrian Zandberg and Magdalena Biejat of the New Left (Nowa Lewica) alliance gesture during the final day of campaigning for the parliamentary elections in Warsaw, Poland, October 13, 2023. Opinion polls suggest PiS will come out ahead but could lose its majority amid intensifying discontent over its democratic record, which has cost Poland billions of euros in EU aid, and concerns over women's rights and the cost of living. "This election will show whether Poland will be governed by Poles, or by Berlin or Brussels," PiS leader Jaroslaw Kaczynski told supporters at the party's last campaign rally on Friday. It has built its support on generous social handouts, which it says rival parties will stop. Tusk says his party would maintain social support.
Persons: Robert Biedron, Wlodzimierz Czarzasty, Anna Maria Zukowska, Joanna Scheuring, Adrian Zandberg, Magdalena Biejat, PiS, Jaroslaw Kaczynski, Donald Tusk, Tusk, Rafal Trzaskowski, Pawel Florkiewicz, Giles Elgood Organizations: New, Law and Justice, European Union, EU, NATO, liberal Civic Coalition, European, Warsaw, Confederation, JPMorgan, Thomson Locations: Warsaw, Poland, Slawomir, WARSAW, Ukraine, Washington, Kyiv, Berlin, Brussels, Skarzysko Kamienna, Kalisz
Third-quarter earnings season kicked off on Wall Street with JPMorgan and Citigroup reporting that headcount is up. In announcing third-quarter earnings, JPMorgan said headcount was up 7% over this time last year to 308,669. And the geopolitical conflict in the Middle East raises concerns about whether dealmaking — and therefore investment banking hiring — will come back next year. The investment bank, which was recently bought by Swiss rival UBS, said it currently has more than 2,000 staffers in that location. At Citi, investment banking fees were down 18% over last year, although underwriting fees have improved as companies look to sell more debt and stock.
Persons: headcount, Mark Mason, Mason, dealmaking, , Jane Fraser, Goldman Sachs, Jamie Dimon, Fraser, I'm Organizations: JPMorgan, Citigroup, Citi, Credit Suisse, New York Department of Labor, Madison, Swiss, UBS, Financial Times, Barclays Locations: New York City
Next EU chief will need cash more than trade wars
  + stars: | 2023-10-10 | by ( Rebecca Christie | ) www.reuters.com   time to read: +8 min
What she sidestepped was how to find more cash and convince member states to pay up. Von der Leyen, or her successor, will have to figure out how to pay for enlargement. Von der Leyen tapped into trade frustrations with her pledge to investigate and possibly punish Chinese subsidies for car and battery makers. During her first term, von der Leyen succeeded in connecting the EU with bond investors via the 800 billion euro NextGenerationEU borrowing programme. A second term will require even more finesse to convince EU member states to raise money not just from markets, but from themselves.
Persons: Ursula von der, European Union won’t, der, von der Leyen’s, Greens –, der Leyen, Emmanuel Macron, Thierry Breton, Norway’s Jens Stoltenberg, Von der, Carlo Bastasin, Von der Leyen, von der Leyen, sceptics, Ursula von der Leyen, Charles Michel’s, Jens Stoltenberg’s, Francesco Guerrera, Streisand Neto, Thomas Shum Organizations: Reuters, European Union, Bank, EU, European Commission, Socialists, Greens, NATO, Reuters Graphics Reuters, Brookings, handouts, Organisation for Economic Co, Transport, Environment, Thomson Locations: BRUSSELS, Ukraine, Moldova, Western, Brussels, Germany, Bosnia, Herzegovina, Montenegro, Serbia, Albania, North Macedonia, Kosovo, Turkey, Georgia, Spain, Poland, United States, China, Ireland, Netherlands, EU, EU’s, Hungary
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Persons: Dow Jones
"I can't imagine Hungary agreeing without there first being a solution to the blocked funds," said the official. A second EU official confirmed there was a link between releasing funds to Hungary and EU plans requiring unanimity, including in the enlargement and budget talks. The Commission needs Hungary to lift its vetoes on a number of issues in return," said an EU diplomat. For Ukraine, which applied to join the EU just days after Russia's invasion in February 2022, the West's support is existential and EU membership is a major national goal. Speaking to the Hungarian parliament last week, he drew a line between supporting Ukraine and unlocking EU funds.
Persons: Viktor Orban, Orban, Gabriela Baczynska, Jan Strupczewski, Andrew Gray, Gareth Jones Organizations: Budapest, Ukraine, Hungary BRUSSELS, European, Kyiv, EU, Reuters, Financial, European Union, Thomson Locations: Hungary, Ukraine, Brussels, EU, European Union, Russia, Budapest, Krisztina
“This process is not behind schedule.”The July agreement included a pledge of 105 million euros ($110 million) earmarked for migration. As arrivals increased last month, the European Commission announced it would send an initial 127 million euros ($133 million) to Tunisia. Apart from migration, the bulk of the funds are contingent on Tunisia reaching agreement with the International Monetary Fund on stalled loan negotiations. In April, he called the terms “diktats from abroad.”Supporters, including Italian Premier Giorgia Meloni, have hailed Europe's agreement with Tunisia as a regional model. Since taking power in 2019, Saied has repeatedly characterized sub-Saharan African migrants as violent and a threat to Tunisia.
Persons: Kais Saied, ” Saied, Saied, Marcus Cornaro, Saied's, “ We're, , Giorgia, ___ Sam Metz Organizations: , Monday, European Union, TAP, EU, UNHCR, European Commission, International Monetary Fund, World Bank Locations: TUNIS, Tunisia, — Tunisia, Europe, Rome, Tunisian, Italy, North Africa, Italian, Germany, Europe’s, Rabat, Morocco, Georgia
ABUJA, Nigeria (AP) — Nigeria’s leader increased the wages of some government workers in last-minute efforts to appease labor unions whose planned strike this week could shut down government offices in all sectors of Africa’s largest economy. The increase expected to take effect this month takes the minimum wage to 55,000 naira ($71), still far below the 200,000 naira ($258) the unions had requested. The labor unions did not immediately comment on Tinubu’s announcement. The unions representing Nigeria’s government workers announced they will go on an indefinite strike starting Tuesday to protest the government's austerity measures. Talks with the labor unions have stalled and a slow start to several intervention efforts resulted in last week's announcement of the indefinite strike.
Persons: , Bola Tinubu, Tinubu, Locations: ABUJA, Nigeria
The message behind Putin’s Wagner meeting
  + stars: | 2023-09-30 | by ( Nathan Hodge | ) edition.cnn.com   time to read: +5 min
In a televised meeting Friday, Putin met with Russia’s Deputy Defense Minister Yunus-Bek Yevkurov and former Wagner commander Andrey Troshev, according to a partial transcript published by the Kremlin. But unpack the language, and Putin’s Friday meeting appeared to put a reassuring gloss on the Russian government’s attempt to bring the mercenary group to heel. “I would like to talk to you about issues of a social nature,” Putin told Troshev, without naming Wagner. Wagner has supported the Libyan National Army for several years, reportedly backing Haftar’s 2019-2020 military campaign against the Tripoli-based government. If Friday’s meeting is any guide, Yevkurov appears to be a point man for future Wagner activity while Troshev takes on a different brief: overseeing Wagner 2.0 for the war in Ukraine.
Persons: Vladimir Putin’s, , Wagner, group’s, Putin, Yunus, Bek Yevkurov, Andrey Troshev, Troshev –, , Yevgeny Prigozhin’s, Prigozhin, , ” Putin, Troshev, , Fatherland ’, ” –, Dmitry Peskov –, Yevkurov, Khalifa Haftar Organizations: CNN, Kremlin, Fatherland, Prigozhin’s, , RIA Novosti, Wagner, Central African, Libyan National Army, Rapid Support Forces Locations: Moscow, Russian, Russia’s Tver, Ukraine, Belarus, Africa, Mali, Central African Republic, Libya, Libyan, Benghazi, Tripoli
Srettha Thavisin, Thailand's prime minister, arrives at the Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Srettha, Pheu Thai's choice for leader, was appointed prime minister on Aug. 22 — the same day that former prime minister and Pheu Thai founder Thaksin Shinawatra returned to Thailand after 15 years of self-exile. watch nowThe prime minister also pledged to relieve the country's debt problems. "PM Srettha will slowly implement Pheu Thai's populist economic policies as he has to meet public expectations," said Dusadeeisariyakul. Other experts warned against overthinking the fiscal damage since many of Pheu Thai's populist pledges may not materialize.
Persons: Srettha, Valeria Mongelli, Srettha Thavisin, Pheu, Thaksin Shinawatra, Thaksin's, Pimrapaat Dusadeeisariyakul, Friedrich Naumann, Thaksin, Stratfor, Fitch, Teerasak Siripant Organizations: Thai, Bloomberg, Getty, Pracharat Party, United Thai Nation Party, Bhumjathai Party, Friedrich, Friedrich Naumann Foundation, Fitch, Bower Group Locations: Bangkok, Thailand, Thai
ABUJA, Nigeria (AP) — If you listen to the African leaders addressing the U.N. General Assembly this year, the message is emphatic and unanimous: The continent is done being a victim of a post-World War II order. It is a global power in itself and must be partnered with — not sidelined. There’s also a new boldness that comes with the African Union’s G20 seat. With the largest bloc of countries at the United Nations, it is understandable that African leaders increasingly demand a bigger voice in multilateral institutions, said Murithi Mutiga, program director for Africa at the Crisis Group. As African leaders spoke glowingly about the continent as a force on the global stage, some at home said the leaders must begin by delivering the dividends of democracy to their people.
Persons: , There’s, William Ruto, Nana Akufo, Addo, Africa’s, Cyril Ramaphosa of, , Bola Tinubu, Tinubu, Murithi Mutiga, Rashid Abdi, Horn of, ” Abdi, Felix, Antoine Tshisekedi, Filipe Nyusi, Nyusi, Ibrahim Mayaki, Mayaki, Grace Agbu, Mamadi Doumbouya Organizations: General Assembly, Kenyan, United Nations, Crisis, African Development Bank, Gulf, Slave Trade, SEAT, Economic Cooperation, Development, Democratic, Africa Center, Locations: ABUJA, Nigeria, Africa, Russia, Ukraine, Cyril Ramaphosa of South Africa, Horn of Africa, Nairobi, Europe, United States, Paris, Democratic Republic of, Congo, New York, Nigeria’s, Abuja, ,
Farmers across the agrarian heartland that makes Thailand the world's second-largest rice exporter should be poised to benefit. These pressures on the sector, reported in detail for the first time by Reuters, are squeezing debt-laden Thai farmers despite tens of billions of dollars in subsidies over the past decade. Successive governments have spent 1.2 trillion Thai baht ($33.85 billion) on price and income interventions for rice farmers in the last decade, estimates Somporn. The average Thai farmer's income has dwindled. Unstable income for Thai rice farmersIn the years since Sripai followed her family into the paddy fields, the challenges have multiplied, but current prices offer a rare opportunity.
Persons: Somporn, Sripai, Danai Saengthabthim, Srettha Thavisin, King Chulalongkorn, Nipon Poapongsakorn, Thailand's, KNIT's, Yingluck Shinawatra, Yingluck, Devjyot Ghoshal, Pasit, Katerina Ang, Kay Johnson Organizations: Farmers, Reuters, Research, Knowledge Network Institute of Thailand, Bank for Agriculture, Agricultural Cooperatives, Agriculture, El, National Water Resources, Thailand Development Research, Nipon, Thomson Locations: Thailand, Kaeo, Chai, India, East, Asia, Africa, Rice, Chai Nat, Bangkok, Bangladesh, Nepal, Vietnam
Srettha Thavisin, Thailand's prime minister, arrives at Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Thailand will dole out 560 billion baht ($16 billion) to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha pitching the revival of a sluggish economy as his government's top priority. Thai Prime Minister Srettha Thavisin said on Monday his government will be rolling out more policies by the year's end to lower living costs, including gradually reducing electricity prices and raising the minimum daily wage. The economy is expected to grow 2.8% this year, but Srettha has a target of 5% annual growth. "In addition to lowering cost of living is increasing wages," he said, adding that an announcement could be expected in November.
Persons: Srettha, Srettha Thavisin Organizations: Thai, Southeast Locations: Thai, Bangkok, Thailand, El
Thailand to roll out more populist policies this year - PM
  + stars: | 2023-09-18 | by ( ) www.reuters.com   time to read: +2 min
Electric poles with electrical and telephone cables are seen in Bangkok, Thailand, August 9, 2017. "In addition to lowering cost of living is increasing wages," he said, adding that an announcement could be expected in November. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say lack clear direction. But the PM has said the policies would be fiscally responsible. He also plans to meet top business executives during his U.S. trip to draw more investment to Thailand.
Persons: Athit, Srettha Thavisin, Srettha, Chayut Setboonsarng, Panarat, Kanupriya Kapoor Organizations: REUTERS, Rights, Thai, Southeast, United Nations General Assembly, U.S, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, El, Africa, New York, China, United States
Thai PM: Will Gradually Reduce Electricity Prices
  + stars: | 2023-09-17 | by ( Sept. | At P.M. | ) www.usnews.com   time to read: +1 min
BANGKOK (Reuters) - Thai Prime Minister Srettha Thavisin said on Monday his government will gradually reduce electricity prices amid efforts to lower living costs in Southeast Asia's second-biggest economy. "We've already reduced electricity prices but want to reduce more but it will take several weeks," the premier said, adding the country's economic situation is "not so good". He was speaking at a forum hosted by Thai media outlet, Thairath. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say are vague and lack clear direction. But the PM has said the policies would be fiscally responsible and a signature 560 billion baht digital wallet handout policy would not rely on loans.
Persons: Srettha Thavisin, Srettha, Chayut Setboonsarng, Panarat, Kanupriya Kapoor Organizations: Thai Locations: BANGKOK, Southeast Asia's
Thai PM: 'I don't agree with recreational use' of cannabis
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +2 min
[1/4] Tourists shop cannabis at a cannabis store, at Khaosan Road, one of the favourite tourist spots in Bangkok, Thailand, January 6, 2023. "Cannabis policy will be medical cannabis. On recreational use, I do not agree with that," he said in an interview with Thai news website, The Standard. Srettha's Pheu Thai party leads an 11-party coalition government, which came into power in August. "Drug abuse is a big problem for the country that's been under-addressed ... cannabis has to be used medically," Srettha said.
Persons: Athit, Srettha Thavisin, Srettha, Chayut Setboonsarng, Kanupriya Kapoor Organizations: REUTERS, Rights, Thai, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Southeast Asia's, New York
CNN —Long before he became a Supreme Court justice, Clarence Thomas told a story at a public gathering that still sounds shocking years later. Justice Clarence Thomas jokes with his clerks in his chambers at the Supreme Court building in Washington in 2016. AP“His entire judicial philosophy is at war with his own biography,” Michael Fletcher, co-author of “Supreme Discomfort: The Divided Soul of Clarence Thomas,”. “He’s arguably benefited from affirmative action every step of the way.”Thomas has admitted that he was accepted at Yale Law School under an affirmative action policy. Supreme Court Justice Clarence Thomas looks at the displays inside the Pin Point Heritage Museum.
Persons: CNN — Long, Clarence Thomas, Thomas, Ronald Reagan, ” Thomas, Diana Walker, Thomas ’, Emma Mae Martin, he’s, Harlan Crow, Crow, , Sen, Sheldon Whitehouse, Chip Somodevilla, “­ fawning, Reagan, John L, Nikki Merritt, Merritt, Colin Powell, Condoleezza Rice, Roe, Wade, ” Sen, Alyssa Pointer, Anita Hill’s, Uncle Tom, Thomas “, Juan Williams, , Armstrong Williams, ” Williams, Amul Thapar, Jonathan Ernst, ” Thomas ’, Thomas doesn’t, they’ve, Thurgood Marshall, ” Michael Fletcher, “ He’s, I’d, Critics, White, Malcolm X, Richard Burkhard, you’ve, pounced, “ Clarence Thomas, Black, ” Tori Otten, ” Otten, ” Juan Williams, Virginia “ Ginni ” Thomas, Trump’s, John Duricka, Williams, — Trump, Booker T, Washington, Marcus Garvey, Obama, ” “ We’ve, , “ It’s, “ Thomas, Steven Ferdman, Jim Crow, Frederick Douglass, ” Clarence Thomas, nodded, ” Merritt Organizations: CNN, White House, Commission, Texas Republican, Republican, National Bar Association, Democrat, Georgia Senate, Georgia State Capitol, NAACP, Supreme, National Museum of, Thomas Others, Reuters, Yale Law School, Catholic, College of, Cross, AP, Yale, Heritage Museum, Savannah Morning, USA, The, New, Morehouse College, Fox News Channel Studios, Reagan Administration, Bettmann Locations: Storm, Texas, New York, Washington, Memphis, Georgia, handouts, Atlanta, American, America, Cincinnati, Pin, Savannah , Georgia, New Republic, Wisconsin, Arizona, Virginia, Black, China, India, Brazil, New York City
[1/2] Thailand's Prime Minister Srettha Thavisin delivers the policy statements of the Council of Ministers to the parliament, in Bangkok, Thailand, September 11, 2023. REUTERS/Athit Perawongmetha Acquire Licensing RightsBANGKOK, Sept 11 (Reuters) - Thai Prime Minister Srettha Thavisin came under fire in parliament on Monday over a new government policy agenda that opposition lawmakers called vague and short of some of his party's boldest election pledges. Srettha confirmed his agenda before parliament on Monday which included digital cash handouts, lowering energy prices and relaxing visa rules to boost tourism. The new administration adopts an economy that is expected to grow 2.8% this year, below a previous forecast of 3.6%. ($1 = 35.4500 baht)Reporting by Chayut Setboonsarng, Panarat Thepgumpanat and Panu Wongcha-um; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Srettha Thavisin, Athit, Srettha, Pheu, Sirikanya Tansakul, Party's Jurin Laksanawisit, Chayut Setboonsarng, Panarat, Panu, Martin Petty Organizations: Thailand's, Ministers, REUTERS, Rights, Thai, Pheu Thai Party, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Real
The city has done an admirable job of finding, in short order, shelter for the more than 100,000 asylum seekers who have arrived since last spring. Currently, the city is housing about 60,000 in some 200 sites, which has forced it to take over more than 140 hotels. New York City Mayor Eric Adams has been pleading for months, to little avail, for federal support to deal with a flood of asylum seekers. Chicago, Philadelphia, Washington, Denver and other cities are also experiencing an influx of asylum seekers who have no housing and no means of legally earning money. But ignoring it will only make it worse, while also elevating the political fortunes of xenophobes and eroding public support for immigration reform.
Persons: Eric Adams, , Adams’s, Washington Organizations: New, New York City Locations: New York, Chicago, Philadelphia, Washington, Denver
A polling station at a bus stop in the Russian-controlled Ukrainian city of Mariupol. Photo: ALEXANDER ERMOCHENKO/REUTERSAs Russia’s war in Ukraine drags on, a wave of Russian gubernatorial elections is turning into an effort to gloss over the horrific cost of the conflict and instead laud the generous handouts and other support the Kremlin has provided for families of those killed in combat and those with loved ones still in the field.
Persons: ALEXANDER ERMOCHENKO, laud Locations: Russian, Ukrainian, Mariupol, Ukraine
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