Trial flights for Hong Kong’s first two-tonne electric vertical take-off and landing (eVTOL) aircraft could take place within the next six months, initially to transport heavy construction materials to remote sites in the New Territories. Infrastructure consultancy AECOM said once aviation safety for cargo logistics was proved, the potential next step was ecotourism, providing an alternative susta...
Trial flights for Hong Kong’s first two-tonne electric vertical take-off and landing (eVTOL) aircraft could take place within the next six months, initially to transport heavy construction materials to remote sites in the New Territories. Infrastructure consultancy AECOM said once aviation safety for cargo logistics was proved, the potential next step was ecotourism, providing an alternative sustainable option for Victoria Harbour aerial sightseeing tours. The trial was part of a recently...
A couple in southwestern China turned their wedding into a professional wrestling showdown, with the loser agreeing to do the housework for life. Unlike conventional competitive sports, professional wrestling is a choreographed combat performance. The groom, He Yinsheng, a professional wrestler from Zunyi in Guizhou province, staged the unusual celebration with his wife at a local hotel in early M...
A couple in southwestern China turned their wedding into a professional wrestling showdown, with the loser agreeing to do the housework for life. Unlike conventional competitive sports, professional wrestling is a choreographed combat performance. The groom, He Yinsheng, a professional wrestler from Zunyi in Guizhou province, staged the unusual celebration with his wife at a local hotel in early May. In place of a traditional wedding stage, the couple installed a wrestling ring, with a giant...
Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here . This week, Karthikeyan Sundaram reads the tea leaves to understand what Xi Jinping’s blunt warning to Donald Trump on Taiwan means for Singapore. Danny Lee unpacks Singapore Airlines’ better-than-expected annual results and what fliers should expect. Tassia Sipahutar stops by MyX at...
Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here . This week, Karthikeyan Sundaram reads the tea leaves to understand what Xi Jinping’s blunt warning to Donald Trump on Taiwan means for Singapore. Danny Lee unpacks Singapore Airlines’ better-than-expected annual results and what fliers should expect. Tassia Sipahutar stops by MyX at Holland Village to dig into its soulful comfort food and flip through its vinyl corner. Geopolitical Jitters When Chinese President Xi Jinping told his US counterpart Donald Trump that Taiwan could trigger a “ highly dangerous situation ” for the world’s two largest economies — and made sure the remarks were out before their meeting even ended — Singapore’s policymakers would likely have parsed every syllable. The city-state, whose own prosperity is linked to the health of the global trading order, has long favored stable ties between Beijing and Washington. When their leaders smile and shake hands, Singapore breathes easier. But when one of them fires a geopolitical warning shot mid-summit, there are implications that the small island nation will be on the watch for . On the surface, the Beijing summit offered much to reassure after a prolonged period of tension. Trump’s 30-member corporate delegation, the reaffirmation of a commitment to stable trade, and the leaders’ visit to the Temple of Heaven — it all pointed to a relationship on the mend, not one that’s unravelling. Singapore’s trade-reliant economy, its role as a regional financial hub, and its deep commercial ties to both powers make it a direct beneficiary of that stability. Trump and Xi spoke for more than two hours on Thursday and met again on Friday before the US president headed back home — all unmistakably positive steps in the right direction. But Xi’s Taiwan remarks — blunter than anything he has said publicly to an American president — pointed to a China that now feels confident enough to state its red l...
Taxi driver Ravi Ranjan, who lives with his wife and child in New Delhi, said shipping disruptions caused by the Iran war had forced him to pay higher prices for cooking fuel at a time when India’s prime minister was also urging residents to reduce driving and travel. It was all hitting his bottom line, Ranjan said, as he was paying three times as much for liquid petroleum gas after facing delays ...
Taxi driver Ravi Ranjan, who lives with his wife and child in New Delhi, said shipping disruptions caused by the Iran war had forced him to pay higher prices for cooking fuel at a time when India’s prime minister was also urging residents to reduce driving and travel. It was all hitting his bottom line, Ranjan said, as he was paying three times as much for liquid petroleum gas after facing delays on delivery of the cooking fuel. “I used to get a cylinder of LPG for 1,000 rupees (US$10), now I...
We're Living In The Age Of Consequences Authored by Chris Macintosh via InternationalMan.com, Lookie here… The United Arab Emirates recently announced it would quit OPEC after nearly six decades, striking a major blow to the oil cartel and to Saudi Arabia, its unofficial leader. Let’s be clear, the UAE didn’t leave OPEC. They were bought out. You may recall that this event was preceded by two majo...
We're Living In The Age Of Consequences Authored by Chris Macintosh via InternationalMan.com, Lookie here… The United Arab Emirates recently announced it would quit OPEC after nearly six decades, striking a major blow to the oil cartel and to Saudi Arabia, its unofficial leader. Let’s be clear, the UAE didn’t leave OPEC. They were bought out. You may recall that this event was preceded by two major developments that tell the actual story. The first was the shutting of the Strait of Hormuz (SoH). This bled UAE finances and continues to do so. It creates not only a loss of revenue but a shortage of dollars with oil being sold for dollars. This is why the US provided the UAE with dollar swap lines. The UAE is also highly dependent on the US military not abandoning them. They already realise that has happened to some degree, but looking around their neighbourhood they realise they have no friends and so cling to whatever is left of US security promises. The market immediately saw this as a step towards more production, since the UAE would no longer be constrained by OPEC’s agreed quotas, but the reality is that productive capacity has been destroyed (refineries bombed, wells capped). What’s important to think about is that swap lines are nothing more than a credit card, and debt is the ultimate tool of slavery. From America’s perspective, Bessent is using these for a couple of reasons. First, as the Gulf states face financial difficulties there is a risk they begin selling assets. Those assets are, of course, US Treasury bonds. That’s not good, especially as the US needs to continue financing the wars. The second reason is to stop CNY settlement from scaling. Swap lines give allies dollar liquidity, reducing their incentive to price oil or trade in CNY. Personally, I think it’s a bad deal. The Emirates just traded 60 years of sovereignty to become a debt slave. Every country that ties its survival to American goodwill learns the same lesson eventually: the US doesn’t ha...
Unwavering belief in AI! Soros added to NVIDIA (NVDA.US) and Taiwan Semiconductor (TSM.US) in Q1, initiated a position in Berkshire Hathaway, and nearly liquidated holdings in solar company Sunrun (RUN.US). 富途牛牛
Unwavering belief in AI! Soros added to NVIDIA (NVDA.US) and Taiwan Semiconductor (TSM.US) in Q1, initiated a position in Berkshire Hathaway, and nearly liquidated holdings in solar company Sunrun (RUN.US). 富途牛牛
Abu Dhabi National Oil Co. is continuing to load liquefied natural gas onto tankers masking their location in the Persian Gulf, as the energy producer pushes to get more fuel through the Strait of Hormuz. An LNG tanker was docked at Adnoc’s Das Island export terminal on Friday, according to satellite images taken by Copernicus Sentinel-2. No tankers were broadcasting their positions near the plant...
Abu Dhabi National Oil Co. is continuing to load liquefied natural gas onto tankers masking their location in the Persian Gulf, as the energy producer pushes to get more fuel through the Strait of Hormuz. An LNG tanker was docked at Adnoc’s Das Island export terminal on Friday, according to satellite images taken by Copernicus Sentinel-2. No tankers were broadcasting their positions near the plant, ship-data showed . Hormuz has remained virtually shut as the US and Iran struggle to reach a peace agreement, with both sides enforcing a de facto blockade on a waterway that normally handles about a fifth of global LNG supply. Vessels continue to face security threats, and most of the transits through Hormuz take place with transponders turned off to avoid detection. LNG tankers linked to Adnoc have stopped transmitting signals around Hormuz and within the Persian Gulf, ship data shows. So far, Adnoc has loaded three shipments on vessels that have gone dark since the war in Iran began, data from analytics firm Vortexa show. Adnoc didn’t immediately respond to a request for comment outside of normal business hours. Read More: Adnoc’s LNG Tankers Go Dark to Get Shipments Through Hormuz The tanker at Das Island on Friday is the Umm Al Ashtan , according to Vortexa. The vessel stopped transmitting its location about two weeks ago when it reached the eastern entrance to the Strait of Hormuz, ship-data shows. Qatar, which also exports LNG via Hormuz, has asked ships near its main facility in the Persian Gulf to turn off their transponders as a safety measure, Bloomberg reported earlier in the week.
Investing.com -- Emerging market (EM) equities are poised for a significant rally in the second half of the year, driven by attractive valuations, a projected reversal in hawkish central bank policies, and economic signs of recovery in China, according to a research note released by JPMorgan.
Investing.com -- Emerging market (EM) equities are poised for a significant rally in the second half of the year, driven by attractive valuations, a projected reversal in hawkish central bank policies, and economic signs of recovery in China, according to a research note released by JPMorgan.