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A vessel carrying liquefied natural gas (LNG) cargo from Russia's Yamal LNG project, is seen at Rudong LNG Terminal in Nantong, Jiangsu province, China July 18, 2018. The key word Simonelli used is "destination," as it implies that LNG and natural gas are in the energy mix for a long time to come. The second bet is that the LNG industry will be able to convince government policymakers, companies and consumers that their fuel is better than the dirtier alternative of coal-fired generation. Overall, the industry is probably correct that energy demand, especially in Asia, is going to rise strongly in coming decades. But the LNG industry will also need to have policy settings just right and deploy technologies at a scale not yet seen to remain in the energy mix in a net-zero world.
Persons: Stringer, Lorenzo Simonelli, Baker Hughes, Jamie Freed Organizations: REUTERS, Rights, LNG, CCS, Reuters, Thomson Locations: Nantong, Jiangsu province, China, Rights SINGAPORE, Singapore, Asia, Gastech, Vietnam, India
He will have at least one advantage: Chinese President Xi Jinping will not be at the meetings. "But the question ... is whether the United States will be able to step up." FAST GROWTH, HIGH DEBTChinese Premier Li Qiang will represent China at the G20 as its leaders cope with sagging growth and a possible property debt crisis. For his part, Xi is also finding new ways to engage the developing world, hosting a gathering of Central Asian leaders and discussing development in May. Xi is also expected to attend an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco in November, where he may meet with Biden.
Persons: Joe Biden, Leah Millis, Biden, Xi Jinping, Zack Cooper, Li Qiang, Vladimir Putin, Sergei Lavrov, Jake Sullivan, Donald Trump's, Sullivan, White, Khulu Mbatha, Cyril Ramaphosa, Trevor Hunnicutt, Nandita Bose, Michael Martina, Carien du, Don Durfee, Grant McCool Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, World Bank, Bank, U.S, Partnership for Global Infrastructure, Investment, American Enterprise Institute, IMF, Global, White House, Trump, Republican, South, Central Asian, United, United Arab Emirates, Economic Cooperation, Biden, Thomson Locations: Washington , U.S, India, United States, Africa, Latin America, Asia, Washington, China, Russian, East, Central Asia, Saharan Africa, People's Republic, Ukraine, Brazil, South Africa, Beijing, Moscow, Russia, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, San Francisco, Carien du Plessis, Johannesburg
"The United States' commitment to the G20 hasn't wavered and we hope this G20 summit will show that the world's major economies can work together even in challenging times," National Security Advisor Jake Sullivan said Tuesday. Russian President Vladimir Putin will skip the summit for the second year in a row, as will Chinese President Xi Jinping. This will be the first G20 summit a Chinese president has missed since its inaugural event in 2008; he attended virtually during the coronavirus pandemic. The conference has long been touted as a possible meeting point for Biden and Xi, who last met at Indonesia's G20 summit in November. "As he has done before, President Biden will call for a just and durable peace, one founded in respect for international law."
Persons: Joe Biden, Narendra Modi, Sullivan, Jake Sullivan, Biden, America's, Jill Biden, Vladimir Putin, Xi Jinping, Xi, Putin Organizations: India's, Group, Labor, Sunday Locations: Washington ,, Ukraine, United States, New Delhi, India, Hanoi, Vietnam, Alaska, Russia, China, Indonesia's, Johannesburg, South Africa, Indonesia
That has put pressure on risky EM currencies, echoing the dynamics observed last year when the Fed began raising rates. In the Sept. 1-6 poll, almost all beaten-down emerging market currencies were forecast to move little, or trade modestly higher against the dollar in a year, with some making small gains in three months. The underperformance of China has probably been the biggest story holding back EM currencies." Earlier this year, many analysts expected China's reopening to boost the yuan and other EM currencies, especially those exporting commodities to the world's second-largest economy, but this scenario did not unfold as anticipated. Through the end of this year, we believe most EM Asia currencies can weaken," said Nick Bennenbroek, international economist at Wells Fargo.
Persons: Chris Turner, Nick Bennenbroek, Hugo Pienaar, Devayani Sathyan, Veronica Khongwir, Jonathan Cable, Sharon Singleton Organizations: Treasury, greenback, Fed, ING, Reserve Bank of India, Korean, Bureau for Economic Research, Thomson Locations: BENGALURU, JOHANNESBURG, China, Asia, Wells Fargo, Russian, South Africa, Bengaluru
CNN —Grammy-winning Nigerian recording artist Burna Boy has become the first-ever international Afrobeats artist to earn the No. 1 spot on the official weekly UK album chart, published on September 1. The achievement is for Burna’s latest album, “I Told Them…” – his fourth album to make the UK charts and the follow-up to his 2022 “Love, Damini,” which peaked at No. “I’m absolutely thrilled and humbled by the incredible support and love that ‘I Told Them…’ has received from fans in the UK,” Burna Boy told CNN in a statement provided by his publicist. “Thank you to everyone who made this possible.”In pictures: Afrobeats artists enjoying historic year in 2023It has been a historic summer for Burna Boy, 32, whose real name is Damini Ebunoluwa Ogulu.
Persons: Burna Boy, , , “ I’m, , , Boy, Organizations: CNN, Citi Locations: New York, Johannesburg, South Africa
Renewable energy is more reliable but its promise for the region still remains largely unmet. Most households have depended on gasoline generators for power, but recently the government removed a gasoline subsidy, prompting increased interest in solar power, according to dealers. The Nigerian government has not announced incentives to promote solar energy, such as reducing import taxes on solar equipment as demanded by dealers. “The problem was affordability, but now customers can pay installments over a period of 18 months,” said Tunde Oladipupo, an agent for Sun King, a solar power company. Another example of this shift is the Ford vehicle assembly plant in Silverton, Pretoria, which currently sources over 35% of its electricity from solar power.
Persons: Rashmi Shah, , William Ruto, Tunde Oladipupo, Sun King, Monsurat Qadri, ” Qadri, ” Mohammed Ettu, Shah, ” Shah, ___ Adebayo, Magome Organizations: Climate Summit, World Bank, CP Solar’s, Associated Press, Kenyan, Solutions, Ford, South, CP, Kenya Power, Lighting Company, Supersport, AP Locations: NAIROBI, Mombasa, Nairobi, Kisii County, Kenya, Africa, Nigeria, Oyo, Lagos, Saharan Africa, South Africa, Stillwater, American, Silverton , Pretoria, Mpumalanga, Kenya —, Abuja, Johannesburg
CNN —This might have been an opportunity for world leaders to bridge a host of chasms that are opening up, as G20 conferences have in the past. Yet this will be the first G20 that Xi has skipped in the decade he’s served as China’s president. The hope is that, without distractions from the presence of Xi and Putin, the G20 will be able to focus more directly on just such urgent issues. Certainly, it removes an opportunity to pressure Xi into restraining shipment of technology and equipment to Russia that could help its war in Ukraine. So, this G20 — uniquely absent Xi and Putin — is an important opportunity to showcase China’s failings, confirm Russia’s status as a pariah and ratify America’s place as a global leader.
Persons: David A, David Andelman, Vladimir Putin, Sergey Lavrov, Xi, Li Qiang, Putin, Narendra Modi, , Joe Biden, Antony Blinken, he’s, Blinken, Biden, Lavrov, , , , there’s, Michele Spatari, Biden’s, Putin — Organizations: CNN, French Legion of, The New York Times, CBS News, David Andelman CNN, International Criminal Court, ICC, America, NBC, Putin, Indian, Sunday, Asia Pacific Economic Cooperation, United, Twitter, Facebook, Biden Locations: New Delhi, India, Bali , Indonesia, China, Washington, Johannesburg, South Africa, Arunachal Pradesh, Beijing, ” China, San Francisco, Russian, AFP, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, Russia, Africa, Ukraine, Vietnam, Asia, American, Southeast Asia, America
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. More than 10 envoys from these countries stationed in China detailed to Reuters the increasing difficulty they face getting access to Chinese officials and other sources of information on the world's second-largest economy. When meetings are arranged, Chinese officials stick rigidly to scripted comments, the diplomats said, while some added they experienced hostile behaviour from nationalistic academics. However, envoys from two countries which enjoy close relations with China said they had experienced no such problems. "To Chinese officials, the benefits of such engagements have become less evident, while the political and security risks are growing."
Persons: Xi Jinping, GIANLUIGI, Ryan Neelam, Xi, Li Qiang, Vladimir Putin, COVID, Emmanuel Macron, Antony Blinken, Yun Sun, Sun, Tong Zhao, Martin Quin Pollard, Laurie Chen, John Geddie, Nick Macfie Organizations: Rights, Reuters, Lowy Institute, China Program, Stimson, Washington D.C, U.S, Carnegie Endowment, International, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, India, Beijing, Australian, Hong Kong, Russia, Ukraine, Taiwan, New Delhi, Moscow, Washington
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Persons: Dow Jones Locations: africa
SINGAPORE, Sept 5 (Reuters) - The dominating theme in crude oil markets is that there are too many competing narratives and driving factors to allow for anything approaching a clear view of the path ahead. So, what are the main issues clouding the crude oil market, both for the short and longer terms? - What will happen to Chinese oil demand? - Even if a soft landing can be achieved, interest rates may stay elevated for an extended period, which eventually flows through into crude trading. - How does the change in the main global price benchmark of Brent affect trading?
Persons: Brent, APPEC, Jamie Freed Organizations: P, Insights, Brent, Midland, Reuters, Thomson Locations: SINGAPORE, Asia, Singapore, OPEC, United States, Brazil, Russia, Iran, Venezuela, Rotterdam, China, UKRAINE, Ukraine
NEW DELHI/BEIJING, Sept 5 (Reuters) - Chinese President Xi Jinping's decision to skip the G20 summit is being seen in host India as a snub to New Delhi and a new setback to the already frozen relations between the nuclear-armed Asian giants. Asked if Xi's decision reflects China-India tensions, Chinese foreign ministry spokesperson Mao Ning said that Beijing had supported India's hosting of the summit. China did not refer to any agreement and said Xi stressed improving ties helps both countries and global peace and stability. Shyam Saran, formerly India's top diplomat, said Xi's decision to skip the summit was "unusual". Happymon Jacob, who teaches international relations at New Delhi's Jawaharlal Nehru University, said Xi skipping the G20 summit "doesn't bode well" for India-China relations.
Persons: Xi Jinping's, Xi, Li Qiang, Mao Ning, Mao, Narendra Modi's, Baijayant Jay Panda, , China nosedived, Modi, Shi Yinhong, Shi, Shyam Saran, Saran, Happymon Jacob, bode, Jacob, Liz Lee Organizations: NEW, Bharatiya Janata Party, BJP, riling, China's Renmin University, Reuters, New, Jawaharlal Nehru University, Thomson Locations: NEW DELHI, BEIJING, India, New Delhi, China, Beijing, Johannesburg, Delhi, United States, riling Beijing, Japan, Australia, South China
Xi to skip G20 summit in India, China to send Li instead
  + stars: | 2023-09-04 | by ( ) www.cnbc.com   time to read: +2 min
Xi Jinping, China's president, on the closing day of the BRICS summit at the Sandton Convention Center in the Sandton district of Johannesburg, South Africa, on Thursday, Aug. 24, 2023. Premier Li Qiang will lead China's delegation at a G20 summit in New Delhi this weekend, China's foreign ministry said on Monday, indicating President Xi Jinping would not attend and scuppering chances of a meeting with U.S. President Joe Biden there. Reuters reported exclusively last month that Xi was likely to skip the meeting and send Li. Xi last met Biden on the sidelines of a G20 summit in Indonesia in November. The other G20 leaders attending include German Chancellor Olaf Scholz, French President Emmanuel Macron and Japanese Prime Minister Fumio Kishida.
Persons: Xi Jinping, Premier Li Qiang, Joe Biden, Xi, Biden, Mao Ning, Mao, Li, Vladimir Putin, Olaf Scholz, Emmanuel Macron, Fumio Kishida Organizations: Premier, U.S, Reuters, Criminal Court Locations: Sandton, Johannesburg, South Africa, New Delhi, China, Indonesia, Germany, Europe's, Ukraine, Russia
That means the two-day summit from September 9 will be dominated by the West and its allies. The G20 leaders who will attend include U.S. President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman and Japan's Fumio Kishida. "If the leaders' summit is a flop, New Delhi and especially Modi will have suffered a major diplomatic, and political, setback," Kugelman said. "The positions have hardened since the Bali Summit," a senior Indian government official told Reuters, referring to the 2022 summit held in Indonesia. Lavrov said last week Russia will block the final declaration of the G20 summit unless it reflects Moscow's position on Kyiv and other crises.
Persons: Adnan Abidi, Li Qiang, Xi Jinping, Vladimir Putin's, Joe Biden, Olaf Scholz, Emmanuel Macron, Saudi Arabia's Mohammed Bin Salman, Japan's, Michael Kugelman, Narendra Modi, Modi, Kugelman, Joko Widodo, Justin Trudeau, Sergei Lavrov, Putin, battlelines, Trudeau, Ukraine's Volodymyr Zelenskiy, Zelenskiy, Lavrov, David Boling, N.K, Singh, Larry Summers, Katya Golubkova, Kentaro Sugiyama, Sakura Murakami Organizations: REUTERS, West, South Asia Institute, Wilson Center, Indian, New, Reuters, Bali, Canada's, Russian, Diplomats, Eurasia Group, Thomson Locations: New Delhi, India, DELHI, Ukraine, China, Russia, Saudi, Washington, Bali, Indonesia, Indonesian, CHINA, Brazil, South Africa, Johannesburg, U.S, Tokyo
Ms. Mao declined to explain the reason for the decision and refused to answer questions about Mr. Xi. The Chinese leader has never missed a G20 summit, which brings together 19 countries and the European Union, since taking power in 2012. The opacity of Chinese politics and Beijing’s reticence make it difficult to know why Mr. Xi appears to have chosen not to attend the summit. Analysts say it could reflect Mr. Xi’s preference for groupings in which China is more dominant, such as the recently concluded BRICS summit of emerging nations in Johannesburg. Given that Mr. Xi would be missing an opportunity to meet with President Biden on the sidelines of the summit, the move might suggest that Mr. Xi wants to ease tensions with the United States on his own terms.
Persons: Xi Jinping, Li Qiang, Mao Ning, Mao, Xi, Beijing’s, Biden Organizations: China’s Foreign Ministry, European Union, Russia Locations: China, New Delhi, India, United States, Washington, Asia, Johannesburg
South Africa's President Cyril Ramaphosa speaks, as China's President Xi Jinping listens, at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. The U.S. accusations raised questions over South Africa's professed stance of non-alignment and neutrality over Russia's war in Ukraine and concerns of possible Western sanctions. "The panel found that there was no evidence to support the claim that the ship transported weapons from South Africa destined for Russia," Ramaphosa said. He said he could not reveal details of the equipment offloaded because that could compromise important military operations and put South African soldiers' lives at risk. When the accusations were made, South African officials were quick to reject the claims, and Ramaphosa launched the independent inquiry led by a retired judge.
Persons: Cyril Ramaphosa, Xi Jinping, Alet Pretorius, Reuben Brigety, R, South Africa's, Ramaphosa, Olivia Kumwenda, Andrew Cawthorne, Ros Russell, Susan Fenton Organizations: REUTERS, Rights, South, South African National Defence Force, Thomson Locations: Pretoria, South Africa, Rights JOHANNESBURG, Russian, Russia, U.S, Cape Town, Ukraine, South
A few years ago, the charity ran out of money and quietly stopped operating, so the building began filling up with drug users and desperately poor migrants, residents said. Spokespeople for the City of Johannesburg and police did not respond to requests for comment about the residents' accounts. But Johannesburg city manager Floyd Brink said there was a plan to get hijacked buildings back under control. But human rights groups took them to court, said Annie Michaels, an activist from the Johannesburg Migrants Advisory Panel, which has been supporting migrants in the building. Shocked at the state of the building, Jack urged her brother Dube to move, but he never did.
Persons: Sihle Dube, didn't, Dube, Bertha Gxowa, Angela Rivers, Kabelo Gwamanda, Floyd Brink, Cyril Ramaphosa, Ramaphosa, contemptuously, Thando, Ethel Jack, Jack, I've, Chinte Mustafa, Annie Michaels, Michaels, he'd, Tim Cocks, Alexandra Zavis, Ros Russell Organizations: Association, City, Bertha, REUTERS, Thomson Locations: Johannesburg Fire, JOHANNESBURG, Johannesburg, Germiston, Johannesburg's, South, South Africa, Africa, Utrecht, Malawi
No one was in the dark about what was happening at 80 Albert Street. “I was really angry,” said Mpho Phalatse, who would go on to serve for just over a year as Johannesburg’s mayor. The building, she said, was “quite frankly, not habitable.”Neighbors were constantly complaining about the crime spilling out of it and the slumlords who had hijacked it. It was a city-owned building that had been essentially abandoned. A 2019 report by city inspectors showed scorched outlets and melted wires in the building’s rooms, clear fire hazards, all adding up to a steady drumbeat of increasingly worrisome signs.
Persons: , Mpho Phalatse Organizations: Albert Locations: Johannesburg
[1/3] A police officer walks past the apartment block where a deadly fire broke out, in Johannesburg, South Africa, September 1, 2023. "Local government has to enforce the laws," Ramaphosa said at a governing African National Congress party event. Municipal officials have said efforts to evict residents in illegally occupied buildings are often hamstrung by court orders stopping the evictions. Ramaphosa said he has asked government ministers to look into ways of enforcing laws without violating people's rights. Ramaphosa said he collected his passbook at the building about 50 years ago, when he worked in the city.
Persons: Siphiwe, Cyril Ramaphosa, Ramaphosa, Carien du, Olivia Kumwenda, Ros Russell Organizations: REUTERS, Rights, Saturday, African National Congress, Government, Black, Thomson Locations: Johannesburg, South Africa, Rights JOHANNESBURG, Africa, Carien du Plessis
As Tom Mandala leaned out of the fifth-floor window of his burning apartment building in Johannesburg early Thursday, it felt as if the only decision left to make was how to die. He could turn around and dash for the stairs, but he would surely be overcome by the thick smoke and scorching flames, he figured. Or he could leap out of the window and end up splattered on the sidewalk below. The second option, he thought, would be the best way to ensure that his family back in Malawi would be able to recover his body. So, after about five minutes of agonizing deliberation, Mr. Mandala, 26, jumped.
Persons: Tom Mandala Locations: Johannesburg, Malawi
LONDON, Sept 1 (Reuters) - The dollar is unlikely to lose its status as the global reserve currency anytime soon, even as the expansion of the BRICS group of developing nations signals another challenge to the dollar's dominance in the world economy, BNY Mellon said in a note. One of the objectives of the BRICS is to find an alternative to the dollar, BNY noted in a report published on Friday. Adding Saudi Arabia, the UAE, and Iran, to the BRICS meanwhile would include three of the world’s largest oil exporters and make up 42% of global oil supply. Still, BNY Mellon added this would not be enough to challenge the dollar's dominance. "The USD is unlikely to lose its global reserve status anytime soon – new currency unions should look to technology or green baskets, rather than gold- or carbon-based ones," said Bob Savage, head of markets, strategy and insights at BNY Mellon wrote.
Persons: BNY Mellon, BNY, Bob Savage, Savage, Dhara Ranasinghe, Amanda Cooper Organizations: United Arab Emirates, BNY, Thomson Locations: Brazil, Russia, India, China, South Africa, Iran, Argentina, Saudi Arabia, UAE, Ethiopia, Egypt, Johannesburg
A fire that killed at least 74 people in a five-story building in downtown Johannesburg on Thursday has prompted calls for the authorities to do more to address an acute housing crisis and crack down on the city’s hundreds of such derelict, overcrowded buildings. It was one of the worst residential fires in South Africa’s history, and on Friday morning health officials asked family members to help identify some of the dead. Here’s what we know about the fire and the circumstances surrounding it. What happened? It is not yet known how the fire started, but it may have begun on the ground floor of the building, a structure that once housed offices of the apartheid government and served as a checkpoint for controlling the movement of Black workers in and out of the city.
Locations: Johannesburg, South
A view shows a crime scene after at least 18 cash-in-transit robbers were shot and killed during a shootout with a specialised airborne police unit in Makhado, Limpopo, South Africa September 1, 2023. South African Police Service/Handout via REUTERS Acquire Licensing RightsJOHANNESBURG, Sept 1 (Reuters) - Eighteen suspected robbers were shot and killed during a shootout with South African police in the Limpopo province, the police said on Friday. "We do believe this syndicate has been involved in a number of CITs in this province, Mpumalanga and Gauteng," Masemola said. One police officer was injured in the shootout, which lasted about 90 minutes, he added. Reporting by Bhargav Acharya; Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.
Persons: Fannie Masemola, Masemola, Bhargav Acharya, Alexander Winning Organizations: South African Police Service, REUTERS Acquire, Rights, South, Thomson Locations: Makhado, Limpopo, South Africa, Rights JOHANNESBURG, South Africa's, Mpumalanga, Gauteng
For more than a decade, the United States mostly ignored BRICS. The grouping, formed by Brazil, Russia, India, China and South Africa, rarely registered on Washington’s radar. Western commentators, for their part, largely painted BRICS as either a sign of Chinese attempts to dominate the global south or little more than a talking shop. At a summit in Johannesburg last week, the group invited six global south states — Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates — to join its ranks. There are, for example, some differences between the way China and Russia and the global south states view the grouping.
Persons: Jake Sullivan, ” —, United Arab Emirates — Organizations: United, New Development Bank Locations: United States, Brazil, Russia, India, China, South Africa, Johannesburg, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, U.S
Families of the victims of a fire in downtown Johannesburg were still searching for relatives at mortuaries and hospitals on Friday to see if they had lived or died, a day after the blaze tore through an overcrowded building in one of the deadliest residential fires in South African history. At least 74 people died in the fire, a dozen of them children, with some victims jumping to their deaths from the building and others trapped inside. Health officials on Friday urged people to come forward to identify their relatives at a mortuary, adding that 40 men and 24 women were among the victims. Ten other bodies were so badly burned they were beyond recognition, they said, and DNA testing would be used to identify them. On Friday morning, the police were seen taking search dogs around the charred site.
Organizations: Health Locations: Johannesburg, mortuaries, South
South African police say 18 suspects killed in shootout
  + stars: | 2023-09-01 | by ( ) www.reuters.com   time to read: 1 min
JOHANNESBURG, Sept 1 (Reuters) - Eighteen suspects were shot and killed during a shootout with South African police in the Limpopo province, the police said on Friday. Senior police officials were on their way to the crime scene in Makhado in South Africa's northernmost province, elite police unit the Hawks said in a statement, without providing further details. Reporting by Bhargav Acharya Editing by Alexander WinningOur Standards: The Thomson Reuters Trust Principles.
Persons: Bhargav, Alexander Winning Organizations: South, Senior, Hawks, Thomson Locations: JOHANNESBURG, Limpopo, Makhado, South Africa's
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