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☆ 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.

☆ Group's E and F get underway with Belgium, Germany and Spain in action
▼ + stars: | 2022-11-22 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Germany will face a Japan team full of names familiar to fans around the world. For Costa Rica, it is a last hurrah for some of the country’s legendary players. So, with one final shot at glory, Belgium begin against a Canada side making its second appearance at a World Cup. Canada ended its 36-year drought to play in a World Cup when it qualified earlier this year. ETSpain vs. Costa Rica: 11 a.m.

The average cost of travel insurance has increased over the past week, according to travel agency Squaremouth. Travel insurance weekly rates at a glance:Average premium: $295.41Average trip cost: $5,919.12Average trip length: 16 daysAverage cost of travel insurance by most popular destinationsSome countries are naturally more expensive travel destinations due to higher flight and lodging costs, which could ultimately increase your travel insurance costs. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $5,919.12 $375.42 Non-cancellation 16 20 N/A $94.03Source: SquareMouthAverage cost of travel insurance by ageA traveler's age is a significant factor in determining the cost of travel insurance. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.45/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Compare quotes On SquareMouth's website Compare quotes On SquareMouth's website Compare quotes On Travelex's websiteWhat does travel insurance cover?

☆ Japanese apprentices out to upstage German masters
▼ + stars: | 2022-11-22 | by ( Nick Mulvenney | ) www.reuters.com time to read: +2 min

"We are very grateful to the Germans, they are role models for us," Moriyasu told a news conference on Tuesday. "We are still developing, of course, and at the same time have incorporated good qualities from Japan into our playing style. "So we have kind of mixed feelings about playing Germany but no matter who our opponents are, we are going to give absolutely the best performance that we can." Group E also includes former champions Spain as well as Costa Rica, presenting Japan with their toughest first-round draw in their seventh successive trip to the World Cup finals. Moriyasu said that did not alter their ambition to get beyond the last 16 for the first time at a World Cup.

☆ In Latin America, mothers of LGBTQ children fight against prejudice
▼ + stars: | 2022-11-21 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

Founded in 2017, the Latin American Movement of Mothers of LGTB+ Children lobbies governments to eliminate prejudical laws and better enforce existing bans on violence and discrimination. Members of the Latin American Movement of Mothers of LGTB+ Children during a march in Buenos Aires, Argentina, on Nov. 5. The Latin American Movement of Mothers of LGTB+ Children held its first in-person meeting in early November in Buenos Aires, where they attended the annual massive gay pride march on Nov. 5. In some countries, mothers who try to help their children deal with discrimination suddenly find themselves the subject of scrutiny. Delfín said that she is one of two mothers in Santa Cruz who are activists fighting for their LGBTQ children.

☆ Lula to start job interviews for Petrobras overhaul, sources say
▼ + stars: | 2022-11-21 | by ( Sabrina Valle | ) www.reuters.com time to read: +4 min

Lula, who takes office on Jan. 1, has already signaled plans for a dramatic overhaul of Petroleo Brasileiro SA (PETR4.SA), as the company is formally known. Into the dustbin, according to Lula and his advisers: the company's privatization. To pull off that reboot of Petrobras strategy, Lula plans for sweeping turnover in the company's first- and second-tier management ranks, said people familiar with his thinking. SHORT LISTAs of last week, Lula had not had any direct conversations with candidates for the top Petrobras job, according to people familiar with the matter, although a short list has taken shape. Lula's advisers also say Petrobras should steer more of its profits into investments rather than its generous recent dividends.

☆ Germany's Musiala takes English advice into World Cup
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

AL SHAMAL, Qatar, Nov 21 (Reuters) - Germany's teenage sensation Jamal Musiala on Monday credited his England youth period for helping him develop his creative game that has quickly turned him into one of the rising stars of the sport. "I think a comparison with Messi is something like an honour," Musiala told a news conference. "He plays at top level for so long and to be compared with him is a bit difficult. He has, however, been carrying one piece of advice he got from his English coaches that has helped him become the player he is today. They also play Spain and Costa Rica and are eager to make amends for their 2018 shock first round exit.

☆ Germany ready to end long-term striker conundrum
▼ + stars: | 2022-11-20 | by ( Karolos Grohmann | ) www.reuters.com time to read: +2 min

DOHA, Nov 20 (Reuters) - Germany's eight-year experimentation in attack looks to be coming to an end at the World Cup in Qatar with coach Hansi Flick having opted to include natural centre forwards in his squad. Since the retirement of all-time leading World Cup scorer Miroslav Klose following their 2014 World Cup victory in Brazil, the Germans have tried a variety of attacking systems mainly with wingers deployed as false nines but with little success. Youssoufa Moukoko, the youngest player at this World Cup at 18, is a striker from a different generation than Fuellkrug. While he is unlikely to start, the teenager will no doubt be deployed, especially following injuries to centre forward Lukas Nmecha and forward Timo Werner who did not travel to Qatar. Germany kick off their World Cup campaign against Japan on Wednesday before taking on 2010 world champions Spain and Costa Rica in Group E.Reporting by Karolos Grohmann, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ China's property prices to rise in 2023, sales to fall more slowly
▼ + stars: | 2022-11-18 | by ( ) www.reuters.com time to read: +3 min

"Property measures are expected to strengthen support, which will improve residents' confidence." A recent slew of support measures, including loan repayment extensions, aimed at improving liquidity in the property sector has underpinned market sentiment. But analysts and economists in the poll expected concerns about falling house prices, protracted COVID restrictions, and delays in construction to continue to weigh on demand. Property sales were seen slumping 5.0% in the first half of 2023, a smaller drop than the 15.0% fall forecast in the September poll. Some analysts say average house prices will need to fall by around 20% to 30% to entice demand.

☆ From Pacific to Red Sea: climate court action gathers wave of support
▼ + stars: | 2022-11-18 | by ( Valerie Volcovici | ) www.reuters.com time to read: +4 min

[1/2] Climate activists stand next to banners as they take part in a protest during the COP27 climate summit, in Sharm el-Sheikh, Egypt, November 18, 2022. As climate change has accelerated the rise of sea levels, Vanuatu and other low-lying island states and coastal communities face particular risk from storms and flooding. An advisory opinion by the court would not be binding in any jurisdiction, but could underpin future climate negotiations by clarifying what financial obligations countries have on climate change, and define it as a human rights issue. At a demonstration on Wednesday rallying support for the ICJ to take an advisory opinion, some of the law students were joined by allies from different countries. An ICJ opinion would send a clear signal to governments that hesitate to take decisive action at climate talks, said Solomon Yeo from the Solomon Islands, another Pacific island law student.

The 2022 FIFA World Cup will be held in Qatar from November 20 to December 18. This is the first World Cup tournament held in the Middle East, and the last before the World Cup expands to 48 teams in 2026. How to watch the 2022 World CupYou can watch the 2022 World Cup on Fox and Fox Sports 1 in the United States starting November 20. 2022 World Cup scheduleWe'll be updating our World Cup schedule every week with more upcoming matches, so be sure to check back for the latest details. The 2022 FIFA World Cup is being held in Qatar from November 20 to December 18.

☆ Dollar on track for weekly gain as Fed pushes back on pivot
▼ + stars: | 2022-11-18 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The dollar rose modestly on the yen following Bullard's comments and is up about 1.2% for the week to 140.36 yen . It also rose 0.9% on the Australian dollar overnight to $0.6690 per Aussie, and is on course for its first weekly gain on the Aussie since mid-October. Fed funds futures pricing currently implies a peak rate just below 5% and for rates to start falling by late 2023. Earlier this week, stronger-than-expected retail sales data had also shaken hopes for a pause in hikes, since it seemed to suggest consumers remained in spending mode. Later on Friday, British retail sales data is due, and European Central Bank President Christine Lagarde is among a smattering of policymakers due to speak.

☆ Australia jobs beat forecasts, boosting case for more rate hikes
▼ + stars: | 2022-11-17 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 32,200 in October from September, when they fell a revised 3,800. That came as a surprise to many analysts who had looked for a gain of only 15,000. Full-time employment jumped 47,100, bringing total job gains for the 12 months to October to a massive 762,000. That would bring the total tightening since May to 300 basis points, easily the most aggressive in modern history. Reporting by Wayne Cole; Editing by Jacqueline Wong and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Fati on target as Spain warm-up with win over Jordan
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +1 min

AMMAN, Nov 17 (Reuters) - Ansu Fati seized his chance to impress Spain manager Luis Enrique as the Barcelona youngster scored in his side's 3-1 victory over Jordan in a World Cup warm-up on Thursday. With all eyes on Fati after doubts over whether he would make the 26-man squad, he looked lively and was off target with another couple of attempts as a Spanish side featuring several fringe players dominated. Spain made a host of changes after the break with Robert Sanchez replaced in goal by David Raya who was called into action to keep out a fine effort by Mahmoud Mardi. Youngster Nico Williams, who replaced Fati late on, did his cause no harm with a well-taken third in the 84th minute. Spain blotted their copybook as Jordan managed a late consolation through substitute Hamza Al Dardour after a mistake by substitute Cesar Azpilicueta.

☆ COP27: More countries join methane pact as focus turns to farms and waste
▼ + stars: | 2022-11-17 | by ( Valerie Volcovici | Laurie Goering | ) www.reuters.com time to read: +2 min

The United States and the EU launched the Global Methane Pledge during the Glasgow climate talks last year. China is developing its own methane strategy but has not yet said whether it will join the global effort. Fifty of the signatories to the Global Methane Pledge have so far unveiled detailed strategies to cut emissions. The United States and EU will also launch other initiatives on Thursday under the Global Methane Pledge that tackle oil and gas, agriculture and waste sectors. The United States and EU also announced that Carbon Mapper, which tracks methane by satellite, will develop a global waste sector methane baseline assessment on landfills and dumpsites.

BEIJING/HONG KONG, Nov 18 (Reuters) - A slew of recent supportive measures will bring China's cash-strapped property developers much needed relief, but a full recovery of the sector will be hobbled by increasingly elusive buyers, say bankers, developers and analysts. "These policies will have little lasting effect and the property prices will not go up significantly," said Jack Yang, an engineer in Beijing, noting "future income" had become a key concern for homebuyers. Despite the recent liquidity-boosting measures, some bankers say developers continue to face credit risks given the uncertain outlook. According to UBS, Chinese banks have roughly 88 trillion yuan ($12.43 trillion) worth of exposure to the property sector. It estimates the property sector downturn will cost the banking system up to 1.4-1.5 trillion yuan in the next few years, mainly from potential losses in banks' unsecured property development loans, bonds, and non-standard assets.

☆ China Oct new home prices fall at fastest annual pace in 7 years
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

On an annual basis, new home prices slumped 1.6%, the fastest pace since August 2015, worsening from the 1.5% year-on-year fall in September and marking the sixth month of contraction. New home prices declined 0.3% month-on-month, easing 0.2% in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. The property sector has struggled with defaults and stalled projects since authorities started to clamp down on excessive leverage in mid-2020, hitting market confidence and weighing on economic activity. Data on Tuesday also pointed to further weakness in the cash-strapped sector, showing real estate investment fell at its fastest pace in 32 months in October. A notice to financial institutions from the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) outlined 16 steps to support the industry, including loan repayment extensions, sources said on Sunday.

☆ China's new home prices fall at faster pace in Oct
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 16 (Reuters) - China's new home prices fell at a faster pace in October as persistent COVID-19 curbs, a faltering economy and property woes weighed on demand, official data showed on Wednesday, but a rescue package for the sector has brightened the outlook. New home prices declined 0.3% month-on-month in October after easing 0.2% in September, according to Reuters calculations based on National Bureau of Statistics (NBS) data. New home prices slid 1.6% year-on-year in October, falling for the sixth straight month. Prices declined 1.5% year-on-year in September. Reporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

"Over the past year, our climate leadership has been tested in many ways," said Dan Jorgensen, acting climate and energy minister for Denmark. "We are not calling for any sudden disruption of energy supplies, but we must equally recognise that the energy crisis is driven by the dependency on fossil fuels," he said. The alliance said it will also start providing analysis and advice to developing countries on policies to move away from fossil fuel production, setting aside $10 million in funding to do so. Another alliance designed to limit fossil fuel support has struggled to expand this year. Nearly 40 countries including the United States, Canada and Germany at last year's COP26 climate summit committed to stop public financing for fossil fuel projects abroad by the end of 2022.

☆ Scotland recognized as world’s best golf destination
▼ + stars: | 2022-11-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Having hosted the game for almost six centuries, “the home of golf” – as Scotland is known – was recognized as the World’s Best Golf Destination for the very first time at the ninth edition of the annual World Golf Awards in Abu Dhabi this week. Despite the dominance of its legendary St. Andrews Old Course in the World’s Best Golf Course category – with five successive wins after the award’s inception – Scotland had never been recognized as the sport’s best destination. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict. Richard Heathcote/R&A/Getty Images“Scottish golf tourism is thriving, and Scotland is a bucket list destination for most golfers around the World,” added Dermot Synnott, Director of Global Partnership for the World Golf Awards. Meanwhile, JA The Resort Golf Course in Dubai won Best Nine Hole Golf Course and Costa Navarino in Greece was recognized as the World’s Best Emerging Golf Destination.

☆ G20 vows to calibrate pace of interest rate hikes, avoid spillovers
▼ + stars: | 2022-11-16 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

The central banks will also be mindful of the need to limit spillovers, the statement added, in a nod to emerging economies' concerns about the potential for huge capital outflows if aggressive U.S. rate hikes continue. The emphasis on the need to fight inflation contrasted with the G20 statement last year, which said central banks must avoid overreacting to transitory rises in inflation. The G20 leaders also called for "temporary and targeted" fiscal spending to low-income households which are particularly vulnerable to rising living costs. Now, policymakers are faced with the dilemma of having to combat inflation with interest rate hikes, without cooling economies that are already facing the risk of recession. "It may not happen everywhere, but several key countries risk sliding into recession," said WTO Director-General Ngozi Okonjo-Iweala.

☆ World Cup 2022: start date, schedule, teams, venues and final
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

Nov 14 (Reuters) - Here's what you need to know about the 2022 FIFA World Cup, which will be held in Qatar:When does World Cup 2022 start? * The World Cup will start a day earlier than originally scheduled to ensure hosts Qatar play the opening match. The World Cup will feature 32 teams and will begin with a group stage, with teams divided into eight groups of four. * Games will take place at eight stadiums -- Al Bayt Stadium, Khalifa International Stadium, Al Thumama Stadium, Ahmad bin Ali Stadium, Lusail Iconic Stadium, Stadium 974, Education City Stadium and Al Janoub Stadium. * With 80,000 seats, Lusail Iconic Stadium is the largest of Qatar's eight World Cup stadiums.

The average cost of travel insurance has decreased over the past week, according to travel agency Squaremouth. Travel insurance weekly rates at a glance:Average premium: $263.85Average trip cost: $5,865.37Average trip length: 16 daysAverage cost of travel insurance by most popular destinationsSome countries are naturally more expensive travel destinations due to higher flight and lodging costs, which could ultimately increase your travel insurance costs. Policy type Average days between purchase to trip Average trip length (days) Average trip cost Average cost of travel insurance Cancellation 53 13 $5,865.37 $375.16 Non-cancellation 16 21 N/A $93.55Source: SquareMouthAverage cost of travel insurance by ageA traveler's age is a significant factor in determining the cost of travel insurance. When calculating your travel insurance premium, travel insurance providers consider the likelihood of a medical emergency. Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.45/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Compare quotes On SquareMouth's website Compare quotes On SquareMouth's website Compare quotes On Travelex's websiteWhat does travel insurance cover?

☆ Germany's Mueller, Ruediger to be fit for World Cup opener - coach
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +1 min

MUSCAT, Nov 15 (Reuters) - Germany's defensive leader Antonio Ruediger and attacking midfielder Thomas Mueller will be fit for Germany's opening World Cup Group E match against Japan next week, coach Hansi Flick said on Tuesday. Both players are nursing injuries as Germany prepare for their World Cup opener and did not train with the squad in Oman on Tuesday. I expect Thomas, just like Antonio Ruediger, to start training with the team on matchday minus four for the game against Japan." The Germans, hoping to make amends for their shock 2018 World Cup first-round exit, play Japan on Nov. 23 before facing Spain four days later. Flick will not be looking at his team to hit top form on Wednesday and may end of resting more players.

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