India is battling a new surge, expanding its vaccination programme on Thursday to the 45-60 age group
India is battling a new surge, expanding its vaccination programme on Thursday to the 45-60 age group
HONG KONG SAR - Media OutReach - 14 April 2021 - The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing both formal and informal trade restrictions on a number of Australian exports, including coal, barley, beef, wine, cotton among others. However, Coface expects that Australia's GDP to be back to 2019 level as soon as this year. But there are growing concerns that an escalation of bilateral tensions will see China hardening its stance towards Australia and possibly start targeting Australian services exports, particularly in tourism and education which could see 2% of Australia's GDP at risk. The reasons for bilateral tensions between China and Australia The China-Australia bilateral relationship is multi-facet, ranging from national security, economics and trade to foreign policy and domestic politics. Trade relations between China and Australia deteriorated when Australia's Anti-Dumping Commission extended anti-dumping duties on Chinese stainless steel sinks on 28 February 2020 following an investigation into Chinese aluminium extrusions. Between March and July last year, there were a further eight anti-dumping actions against Chinese products, such as steel. On 19 April 2020, Australia pushed for a call for an investigation into the origins of coronavirus, adding to pressure on China over its handling of the Covid-19 outbreak. During May 2020, China imposed anti-dumping and anti-subsidy duties on Australian barley imports into China, citing investigations that started in 2018. China subsequently imposed tariffs on other Australian exports, such as wine, as well as formal and informal bans on products ranging from beef and timber to cotton and coal. A resilient Australian economy With China taking more than one-third of Australia's total exports, rising trade tensions are seen as a potential threat to Australia's economic outlook. However, iron ore, the mainstay of Australian exports to China, has been spared in the ongoing trade dispute, due to a lack of suitable alternatives. Meanwhile, despite China's trade action, the Australian economy continued a solid recovery from the pandemic, registering two consecutive quarterly GDP growth in the second half of 2020 as business conditions move towards normality following an easing of containment measures. Bilateral relations may worsen further Chinese trade restrictions so far have a muted impact on the broader Australian economy due to two main factors: first, the ability of some affected sectors to find alternative markets, such as Saudi Arabia for barley, and Southeast Asian countries for cotton, and second, top exports such as iron ore and natural gas were not targeted by China. With both sides interpreting the dispute through the lens of national sovereignty, the situation is unlikely to improve any time soon. We expect Australia's GDP to be back to 2019 level as soon as this year. Future development of China-Australia tensions will be closely monitored by Asian countries for guidance as to the extent of economic damage potentially suffered should they be caught in a similar situation. Furthermore, amid the ongoing strategic competition and political differences between the US and China, Asian countries will be hard-pressed if they are forced to choose between the two sides. The full study is available here.  https://www.reuters.com/article/us-australia-steel-china-idUSKCN0XK05C Coface: for trade With 75 years of experience and the most extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface's experts work to the beat of the global economy, helping ~50,000 clients, in 100 countries, build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group's services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2020, Coface employed ~4,450 people and registered a turnover of €1.45 billion. www.coface.com COFACE SA. is listed on Compartment A of Euronext Paris. ISIN Code: FR0010667147 / Mnemonic: COFA
Anathan "ana" Pham looked every bit like the legendary carry player that helped his team to back-to-back TI championships.
The megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been "seized" on court orders until the vessel's owners pay $900 million, canal authorities said Tuesday.The 200,000-tonne MV Ever Given got diagonally stuck in the narrow but crucial global trade artery in a sandstorm on March 23, triggering a mammoth six-day-long effort by Egyptian personnel and international salvage specialists to dislodge it.
If you’re a fan of online shopping, here are five (tried and tested) tips to help you save even more, plus a full list of Lazada promo codes. Last updated on 13 April 2021. Lazada promo codes and credit card promotions are subject to change […] The post Lazada Promo Codes And Credit Card Promotions In Singapore 2021 appeared first on SingSaver Blog - We Compare, You Save.
Anti-coup protesters in Myanmar sloshed red paint in the streets on Wednesday to symbolise the blood spilled and more than 700 lives lost in a brutal military crackdown.
A female civil servant and another woman, both 36, were charged on Wednesday (14 April) for allegedly leaking the daily updates of confirmed COVID-19 cases in Singapore before their official release last year.
US biotech company Moderna announced Covid vaccine is 90 percent effective against all forms of the disease and 95 percent effective against severe disease.
The Japanese owner of a megaship seized after blocking the Suez Canal has said it is negotiating with Egyptian authorities after they demanded $900 million in compensation for its release.
Chinese President Xi Jinping is expected to attend a two-day virtual summit on climate change hosted by his US counterpart Joe Biden next week. Xi’s participation in the Earth Day summit on April 22 and 23 will put the focus on whether the two biggest carbon-emitting nations can open up a narrow path to cooperation amid a deepening rift. A person familiar with the situation told the South China Morning Post that Xi was expected to attend the summit, and ahead of that, US climate envoy John Kerry was expected to travel to Shanghai to meet his Chinese counterpart Xie Zhenhua this week.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Kerry’s trip, first reported on Sunday by The Washington Post, would be part of the former secretary of state’s tour through India, the United Arab Emirates and Bangladesh but could still be called off, according to the newspaper, citing sources. Xie, reappointed as China’s special climate envoy in February, has been a long-serving climate diplomat and was the country’s chief negotiator on the Paris Agreement signed by nearly 200 nations. China has yet to confirm Kerry’s visit, and foreign ministry spokeswoman Hua Chunying said earlier this month that Beijing was “looking at” whether Xi would take part in the Earth Day summit after receiving an invitation from Washington. It comes just weeks after a frosty meeting between senior Chinese and American officials in Anchorage, Alaska. The two countries remain at loggerheads over issues ranging from trade and technology to human rights and the South China Sea. Climate change is one area where they have said they could work together, though the US has accused China of not doing enough to cut emissions. After the Anchorage talks, Beijing said the two sides had agreed to set up a working group on climate change, but US officials denied they had made this agreement. While in India last week, Kerry said Beijing and Washington must cooperate on climate but he was “not confident” that he could count on China’s cooperation. China, meanwhile, believes it should balance reducing emissions with economic growth. The US plans to commit to emissions cuts of 50 per cent or more from 2005 levels by 2030, Bloomberg reported. While it is uncertain whether the US can deliver on that target, it may put pressure on China as it seeks to position itself as a leader in reducing greenhouse gases. Lin Limin, a scholar with the University of International Relations in Beijing, said climate could still be an area for the powers to achieve a breakthrough. “The two countries share the same principle [on climate change] in general, but they take different approaches,” Lin said. “China’s development has lagged behind that of the US and Europe for a long time, our GDP per capita is still very low, so it’s not bad that it can set these emissions reduction goals – we’re doing our best.” China, which accounts for around 30 per cent of the world’s CO2 emissions, pledged last year to bring carbon emissions to a peak before 2030 and to become carbon neutral by 2060. While it has pulled back from driving growth at all costs, Beijing stopped short of setting an emissions cap in its latest five-year plan for economic and social development released in March. Kerry to push India on cutting fossil fuel use ahead of global summit Li Shuo, a senior policy adviser at Greenpeace in Beijing, said controlling the coal power sector, a major source of climate-warming greenhouse gases, could be an area where China can show it is taking action. “As a politically viable option and an important step for the environment, China could stop subsidising or building more coal plants to start with, or at least cut the consumption of coal,” Li said. More from South China Morning Post:US envoy John Kerry takes part in climate change summit co-hosted by ChinaClimate change: John Kerry to push India on cutting fossil fuel use ahead of global summitJoe Biden invites China and Russia to first global climate talksAlaska summit: what the US and China agree on, and what still divides themThis article China’s Xi Jinping likely to take part in Joe Biden’s Earth Day climate summit first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Authorities are investigating alleged violations of coronavirus social-distancing rules at the headquarters of the Scout Association of Hong Kong in Kowloon, where a banquet of more than 100 people was held – five times greater than the legal limit. The Office of the Licensing Authority (OLA) and the Food and Environmental Hygiene Department conducted a joint investigation of the 25-storey Hong Kong Scout Centre on Austin Road in Jordan on Monday, a spokesman from the Home Affairs Department said. He said the person responsible for the centre’s clubhouse had reportedly allowed a banquet with more than 20 participants on Saturday, adding that another banquet with over 100 guests took place the same day. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Restaurant, bar owners angry and disappointed over requirements for lifting restrictions Existing social-distancing regulations allow for a maximum of 20 guests for the large dinners. The investigation was triggered by news reports that a former deputy Kowloon regional commissioner hosted a retirement banquet at the centre’s Chinese restaurant Yue Cuisine, which involved 34 tables with at least 100 guests on Saturday night. The spokesman urged those who attended the banquet or anyone who had details of the event to contact the Home Affairs office at 2881 7498. “Depending on the progress of the investigation, the OLA may consider further legal action, including listing the persons concerned as wanted or instigating prosecution,” he added. Hong Kong residents will be allowed to dine out in larger groups, access travel privileges under ‘vaccination bubble’ incentives The office will also continue to take stringent enforcement action and step up inspections at clubhouses in various districts. The Post has contacted the association for comment. Persons responsible for venues allowing more than 20 people at a banquet could be subject to a maximum fine of HK$50,000 and imprisonment for six months under Prevention and Control of Disease regulations. Those suspected of violating the ban on group gatherings can face a maximum fine of HK$25,000 and six months’ jail, though may also be allowed to discharge their liability by paying a fixed penalty of HK$5,000.This article Hong Kong coronavirus: Scout Association headquarters in Kowloon investigated for allegedly hosting banquet with more than 100 guests first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
A 45-year-old man accused of attacking police with a hammer was subdued after an officer drew his gun and another used pepper spray against the suspect at one of the force’s precincts in the early hours of Tuesday. Two officers suffered minor injuries in the incident, which took place in the car park of Kwun Tong Police Station soon after 12.30am. A video circulating online shows the man carrying a hammer in his right hand and climbing over a barrier at the entrance to the police station’s car park on Lei Yue Mun Road, but the clip does not capture the ensuing alleged attack.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Hong Kong police officer among 65 arrested in raid on illegal gambling den According to police, as officers approached the hammer-wielding man, he began chasing one of them and attacked him with the tool. “After repeated warnings were ignored, one of the officers drew his service revolver and another policeman pulled out his baton to guard against the man before he was pepper-sprayed and eventually subdued,” a police source said. A sergeant from the patrol subunit of Kwun Tong Police Station suffered injuries to his hand, while his colleague – a constable – sustained a fractured finger. The two injured officers were taken to United Christian Hospital for treatment. Police arrested the man on suspicion of wounding and possession of an offensive weapon. Man shot after car chase in Hong Kong believed to be linked to burglary ring: police An initial investigation showed the suspect, who worked as the driver of a delivery van, had suffered from an unspecified mental illness for about five years and required regular consultations at a public hospital, according to the source. The man lives in a nearby public housing estate. As of midday, the suspect was still being held for questioning and had not been charged. In 2020, police handled 1,049 reports of wounding across the city, a 1.8 per cent increase from 1,030 cases in the previous year.This article Hong Kong police draw gun, deploy pepper spray to subdue hammer-wielding man in station car park first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
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Demetrious “Mighty Mouse” Johnson attempted to further cement his status as the Flyweight GOAT last Thursday, 8 April, when he challenged ONE Flyweight World Champion Adriano “Mikinho” Moraes in the main event of “ONE on TNT I.” Unfortunately for Johnson, Moraes stunned him with an uppercut and then a crushing knee to score the second-round KO win – the first … Continue reading "Demetrious Johnson Opens Up About World Title Loss: Moraes Had ‘A Great Performance’"
US envoy John Kerry will visit China this week for climate change talks -- the first official trip under the Biden administration -- in a trip Washington hopes will put aside diplomatic spats and focus on joint environment challenges.
As part of a push to get more of its population vaccinated, Hong Kong is planning to only allow those who’ve had COVID-19 shots to fly from the city to Singapore once both governments finalise a travel bubble.
President Joe Biden sent an unofficial delegation of former US officials to Taiwan on Wednesday in a signal of support for the democratic island as it faces increasingly hostile moves by China.
Two former opposition lawmakers currently facing prosecution under Hong Kong’s national security law were slapped with more charges on Tuesday, as prosecutors accused them of contempt of the legislature over an incident that took place when they were still members last year. Andrew Wan Siu-kin and Helena Wong Pik-wan were not required to enter pleas at their first appearance over the new case at Eastern Court on Tuesday, with the defence requesting an adjournment pending the Court of Final Appeal’s ruling on the constitutionality of a similar prosecution. The two Democratic Party members, who are among the 47 opposition politicians and activists charged with subversion over an unofficial primary election last summer, are now facing a combined total of three counts of contempt under Section 17(c) of the Legislative Council (Powers and Privileges) Ordinance, which penalises interruptions of Legco sessions.Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Wong, 62, was technically charged in two separate cases, the first for allegedly creating or joining “a disturbance which interrupted or was likely to interrupt” a Legco committee hearing on October 15 last year. She was said to have committed the offence together with fugitive ex-lawmaker Ted Hui Chi-fung, who is now in Australia. In the second case, Wong was charged alongside Wan, 51, with creating another disturbance in a separate committee meeting the next day. The legality of prosecuting lawmakers by invoking a provision designed to protect their rights has been the subject of debate in a separate case involving former legislator “Long Hair” Leung Kwok-hung, who was charged with the same offence for snatching a folder from a government official during a Legco sitting in 2016. The 64-year-old has applied to overturn an appellate court’s ruling that upheld the constitutionality of his prosecution. The full hearing before the top court is slated for August 31. Judiciary reveals bail decision reasons in several security law cases In Tuesday’s hearing, Principal Magistrate Peter Law Tak-chuen granted defence lawyers’ request to postpone the case to October 4, pending the determination of Leung’s appeal. He released Wan and Wong on HK$1,000 (US$129) cash bail, though Wan will remain behind bars as he was previously remanded in custody in the security law case. Wong had been granted bail in the earlier proceedings. Contempt of the Legislative Council is punishable by one year imprisonment and a fine for a first offence.This article Former Hong Kong lawmakers facing prosecution under national security law hit with fresh charges of contempt of Legislative Council first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The first men's major of 2021 dominates AFP Sport's golf talking points this week:
A 38-year-old auxiliary police officer who robbed a shop in Jurong with a gun after reporting for duty earlier that day was charged in court on Wednesday (14 April).
Cute cartoon animals have been at the heart of Hong Kong clothing brand Chickeeduck since 1990, displayed on everything from t-shirts and tote bags to baby rompers and pillows.