At Madrid's world-famous bullring, apprentice bullfighters continue their daily classes even if the pandemic has forced fights to halt
At Madrid's world-famous bullring, apprentice bullfighters continue their daily classes even if the pandemic has forced fights to halt
China's rogue rocket is in an uncontrolled free-fall towards Earth and no one knows where or exactly when it will burn through Earth's atmosphere, but the risk of debris hitting an inhabited area remains very small, experts told AFP Friday.
Health workers and authorities in Nepal are struggling to contain a massive surge of Covid-19 cases as infections spill over from neighbouring India's deadly second wave.
The "take umbrage" reaction of Singapore Press Holdings chief executive Ng Yat Chung when its editorial integrity was questioned recently was "very unfortunate" said Law and Home Affairs Minister K Shanmugam.
The Ministry of Health (MOH) on Saturday (8 May) confirmed 20 new COVID-19 cases in Singapore, taking the country's total case count to 61,331.
Former US Open champion Gary Woodland headlined a leading trio at Quail Hollow on Friday, where two-time winner Rory McIlroy was in the mix along with five-time major champion Phil Mickelson.
Wondering which credit card to apply for? Here’s a round-up of the top 5 most popular credit cards in Singapore to get you started. Which are the most popular credit cards in Singapore? Depending on what you value and what you spend each month, you […] The post Most Popular Credit Cards In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.
For most people planning to invest in cryptocurrencies, it makes sense to start with the top two: Bitcoin and Ether.
Wall Street indices ended at fresh records Friday, while the dollar tumbled after disappointing US jobs data fueled confidence of continued fiscal and monetary support as the economy recovers from Covid-19.
A recovering US economy and the coronavirus crisis in India helped boost China’s trade data in April, but volumes are “probably close to a cyclical peak”, analysts said. Exports grew by 32.3 per cent last month from a year earlier to US$263.93 billion, up from the 30.6 per cent growth seen in March, data released by the National Bureau of Statistics on Friday showed. This was above the median result of a survey of analysts conducted by Bloomberg, which predicted 24.5 per cent growth. This was the 10th consecutive period of export growth, although the fact that exports grew by just 3.5 per cent in April last year due to the impact of the coronavirus is a factor in the size of the increase this year.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. Imports grew by 43.1 per cent in April from a year earlier to US$221.07 billion, up from the 38.1 per cent growth in March, and just below the Bloomberg survey, which predicted 44.4 per cent growth. This was the seventh consecutive period of import growth but, again, the import drop of 14.2 per cent in April last year means the latest figures started from a low base. China’s total trade surplus stood at US$42.85 billion in April, compared with US$13.8 billion in March. “China’s export growth again surprised on the upside. Two factors likely contributed to the strong export growth. First, the US economy is booming, boosting global demand. Secondly, the Covid crisis in India caused delays in production, therefore some orders were shifted to China,” said Zhang Zhiwei, chief economist at Pinpoint Asset Management. “We expect that China’s export growth will stay strong into the second half of this year, as the two factors will likely continue to favour Chinese manufacturers. Exports will be a key pillar for growth in China this year. It also helps the yuan to perform well among emerging market currencies.” India’s total coronavirus infections have exceeded 21 million, of which about 7 million have been added since mid-April. And analysts at the Huatai Securities said that there were rising risks that the massive surge of cases in India might spread to Southeast Asian countries, which then would pose a great threat to the production and economic recovery in the region. “But for China, this may mean that the country’s share in global trade is likely to continue rising in a month-on-month manner and export growth is more sustainable,” they said on Friday. According to Lu Ting, chief China economist at Nomura, the growth of China’s exports to India surged by 144 per cent year on year in April. “The stimulus in developed economies, especially the US, sustained demand for products manufactured in China, while the worsening Covid-19 pandemic in many emerging markets, including India and the Asean, have also benefited China’s exports in two ways: it has made those emerging markets countries less competitive against China, and, in some cases, these emerging markets have had to rely on China for personal protective equipment and other products to combat Covid-19,” said Lu. Headline trade growth picked up last month thanks to favourable base effects. But in seasonally adjusted terms, exports continued to level off, and the rebound in imports stalled Julian Evans-Pritchard But Julian Evans-Pritchard, senior China economist at Capital Economics, highlighted that China’s exports continued to level off and the rebound in imports stalled last month in seasonally adjusted terms, partly showing supply constraints, which were most visible in the electronic sector. “Headline trade growth picked up last month thanks to favourable base effects. But in seasonally adjusted terms, exports continued to level off, and the rebound in imports stalled. This partly reflects supply constraints, which are most visible in the electronics sector. But we think that demand is probably close to a cyclical peak too,” said Julian Evans-Pritchard, senior China economist at Capital Economics. “Looking ahead, we think trade volumes are probably close to a cyclical peak. Admittedly, the current supply constraints should ease over the coming quarters. But at the same time, vaccine roll-outs and looser social-distancing restrictions in developed markets will start to reverse the pandemic-induced surge in demand for Chinese exports. “Meanwhile, China’s domestic recovery is levelling off, and a tighter policy stance means that the composition of output looks set to shift toward services and away from credit and import-intensive sectors like industry and construction.” ‘Unfortunate’ but what does China’s halt of Australia dialogue channel mean? In terms of trading partners, the Association of Southeast Asian Nations (Asean) remained the largest in the first four months of the year, followed by the European Union, the United States and Japan. China’s exports to the Asean rose by 42.16 per cent to US$41.096 billion in April compared with a year earlier, while imports from the Asean rose by 40.64 per cent to US$31.375 billion. China’s exports to European Union rose by 23.81 per cent to US$39.918 billion in April compared with a year earlier, while imports rose by 43.28 per cent to US$26.794 billion. Amid their ongoing dispute, which escalated further on Thursday as China “indefinitely suspended” all activities under the framework of the China-Australia Strategic Economic Dialogue, exports to Australia rose by 19.74 per cent to US$5.25 billion in April compared with a year earlier, while imports rose by 49.31 per cent to US$14.865 billion. In April, China’s trade surplus with the US rose to US$28.11 billion from US$21.37 billion in March. The April surplus was 22.92 per cent up compared with a year earlier. China’s imports from the US rose by 51.65 per cent to US$13.94 billion in April, while exports rose by 31.16 per cent to US$42.05 billion. In the first four months of the year, China’s trade surplus with the US was US$100.68 billion – 58 per cent higher than US$63.676 in the same period of last year, according to the Chinese customs data. “The stimulus in developed economies (especially the US) sustained demand for products manufactured in China, while the worsening Covid-19 pandemic in many emerging markets, including India and Asean, have also benefited China’s exports in two ways: it has made those EM countries less competitive against China, and, in some cases, these EM have had to rely on China for personal protective equipment (PPE) and other products to combat Covid-19.More from South China Morning Post:China’s growing importance within WTO highlighted by appointment, trade professor saysChina, US shipping container demand to ensure ‘exceptionally strong’ performance continues, Maersk saysChina’s small manufacturers endure ‘difficult time’ as surging raw material prices drive up costsChina’s world-factory status gets boost as coronavirus ravages India and other developing Asian countriesChina trade: everything you need to knowThis article China trade: India coronavirus crisis, recovering US economy boosted figures, but ‘cyclical peak’ looms first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Facebook-owned messaging colossus WhatsApp on Friday retreated again from its plan to force users to accept new terms which critics said could expand data collection from its two billion users around the world.
SPH has just announced the restructuring of its media business and is now transitioning into an asset manager. Here are five things that investors should know. The post SPH is Transforming into an Asset Manager: 5 Things You Should Know appeared first on The Smart Investor.
The Scottish National Party on Saturday appeared likely to fall short of its goal of an absolute majority in the devolved parliament as it pushes for a new independence referendum, a plan condemned as reckless by Prime Minister Boris Johnson.
Hang Seng Bank’s vice-chairman and chief executive officer Louisa Cheang Wai-wan will take a three-month leave of absence as she recovers from a medical condition first disclosed last year, according to a statement by the lender. Margaret Kwan Wing Han, executive director and the head of Hang Seng’s wealth and personal banking business, will serve as acting CEO during her absence, the bank said in a stock exchange filing. Shares of Hang Seng Bank declined by as much as 1 per cent amid an advancing market in Hong Kong. The bank, which is 62.14 per cent owned by HSBC, the biggest of Hong Kong’s currency-issuing lenders, announced Cheang was undergoing treatment for a “recently diagnosed medical condition” last July, without elaborating.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. Hang Seng did not disclose further details of her condition at the time, but said Cheang was able to continue her duties. The bank said at the time that her condition would not affect its strategic or development plans. People familiar with the situation previously said that her illness was not Covid-19 and she was not expected to take a lengthy sick leave. Cheang, a former HSBC executive, has served as Hang Seng’s vice-chairman and CEO since July 2017. She took the top job after the retirement of Rose Lee Wai-mun. Before joining Hang Seng she was group general manager and group head of retail banking at HSBC from 2014. She first joined HSBC in 1999 in its credit card department. Cheang’s leave of absence comes just weeks before independent director Irene Lee Yun Lien is expected to become the bank’s first woman to serve as chairman, replacing Raymond Ch’ien Kuo Fung, who is retiring after 13 years to devote time to his other commitments and interests. Lee’s appointment is expected to happen at the bank’s annual meeting on May 26. It also comes just months after Hang Seng reported a 33 per cent drop in profit to HK$16.7 billion in 2020, as the coronavirus pandemic weighed on investments and spending activity in Hong Kong, cutting into transaction volumes by its commercial and retail customers. The city’s economy rebounded sharply in the first quarter, growing by 7.8 per cent after reporting its worst contraction on record in 2020. Hong Kong’s lenders are also dealing with a period of historically low interest rates, which has weighed on revenue from traditional lending products tied to interest rates. Kwan, the acting CEO, has been with Hang Seng since 1995, joining from Standard Chartered Bank. She previously served as head of consumer assets, head of unsecured loans and senior marketing, as well as a stint as business development manager for unsecured lending.This article Hang Seng Bank’s chief executive to take three-month leave of absence as she recovers from medical condition first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
Former Malaysian leader Najib Razak, who has been convicted over the mammoth 1MDB scandal, is in trouble with the law again -- this time for breaking coronavirus rules in a restaurant.
An exciting weekend awaits as leaders Atletico Madrid face Barcelona, while Real Madrid take on Sevilla for crucial title clashes.
The High Court has granted an urgent bail application from the detained former leader of Hong Kong’s biggest opposition party, after prison authorities defended their decision to bar him from attending his father’s funeral. Wu Chi-wai, an ex-lawmaker of the Democratic Party, on Friday appeared before Madam Justice Esther Toh Lye-ping to apply for temporary release from custody ahead of three separate criminal trials, one of which is related to the Beijing-imposed national security law. The application was heard in open court but details of the proceedings are subject to bail reporting restrictions, which prohibit publication of the negotiations.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. Wu, 58, had earlier requested permission for a leave of absence to pay tribute in person to his 92-year-old father, who died last month. The memorial service was scheduled for Friday evening, while the funeral will be held on Saturday morning. But Wu’s application was rejected by the Correctional Services Department, which on Wednesday issued a statement defending its decision. A spokesman said the department handled all such applications in accordance with the Prison Rules, and had found online calls for the public to attend the funeral after the event details were reported on social media. “After a risk assessment, the [department] has decided to reject the application to protect the safety of correctional officers, the subject person in custody and members of the public,” the spokesman said. Instead, the department offered to live-stream the funeral for the first time for Wu, triggering a furious response from the family. Ex-lawmaker in jail awaiting trial told he can watch father’s funeral online His party said the department had proposed sending officers to film the proceedings and relay the live footage to Wu, his father’s only son. “Chi-wai and his family members have rejected the arrangement, as they find it intolerable [for the authorities] to show such disrespect to his late father,” the party said in a statement. Wu entered politics in the early 1990s and was chairman of the Democratic Party between 2016 and 2020. He was charged last December with inciting others to take part in an unauthorised assembly on July 1, 2019, when Hong Kong was embroiled in anti-government protests sparked by the now-withdrawn extradition bill. Wu is also among 47 opposition figures charged with conspiring to subvert state power under the national security law for his role in an unofficial primary election last year. He is further accused of contempt and interference with Legco officers under the Legislative Council (Powers and Privileges) Ordinance over a chaotic legislative meeting in May of last year.More from South China Morning Post:Hong Kong national security law: ex-lawmaker in jail awaiting trial barred from attending father’s funeral, told he can watch onlineHong Kong national security law: lawyers file urgent bail application in bid to overturn ban on detained former party chief attending his father’s funeralThis article National security law: Hong Kong High Court grants ex-lawmaker’s urgent application to leave jail for father’s funeral first appeared on South China Morning PostFor the latest news from the South China Morning Post download our mobile app. Copyright 2021.
The Ministry of Health (MOH) on Friday (7 May) confirmed 25 new COVID-19 cases in Singapore, taking the country's total case count to 61,311.
Students in many US states are just returning to classrooms after months of remote learning due to the coronavirus pandemic -- but the move back has come with an unfortunate uptick in gun violence.
The US military has deployed more heavy bombers and fighter jets to protect withdrawing American and coalition troops from Afghanistan, which have so far sustained no direct attacks, the Pentagon said Thursday.
Mexican authorities announced Friday a further easing of pandemic lockdown measures in the capital and the resumption of earthquake simulation drills, reflecting a decline in new coronavirus cases and deaths.