NEW DELHI: US climate envoy John Kerry on Tuesday (Apr 6) pressed India, the world's third-biggest carbon emitter, to set more ambitious green goals ahead of UN talks in late 2021 and Joe Biden's upcoming climate summit. A spokesperson for the US embassy in New Delhi, where Kerry arrived on Tuesday for talks with officials and NGOs, said that India was a "critical part of the solution to the climate crisis." Bloomberg News reported last month that top Indian government officials were debating whether to follow dozens of other countries in setting a goal of net zero emissions by mid-century. When Kerry's April trip to the United Arab Emirates, India and Bangladesh was announced, Washington said the aim was "increasing climate ambition" ahead of President Biden's Apr 22 to Apr 23 summit and the UN negotiations in Glasgow in November. "A key focus for our administration is supporting and encouraging India's decarbonization efforts through clean, zero, and low-carbon investment, ... » Learn More about Kerry presses India ahead of Biden climate summit
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US sees possible ‘impasse’ as it clashes with Iran on sanctions
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner/File Photo/File Photo VIENNA — U.S. and Iranian officials clashed on Friday over what sanctions the United States should lift to resume compliance with the 2015 nuclear deal, with Washington predicting an impasse if Tehran sticks to a demand that all sanctions since 2017 be removed. The two nations laid out tough stances as indirect talks in Vienna on how to bring both back into full compliance with the agreement wound up for the week, with some delegates citing progress. The talks, in which European Union officials are shuttling between the remaining parties to the deal and the United States, aim to restore the bargain at the core of the agreement – restrictions on Iran’s nuclear activities in exchange for the lifting of U.S. and other international sanctions. The United States was the first to renege on that bargain ... » Learn More about US sees possible ‘impasse’ as it clashes with Iran on sanctions
Economist sees slim chance of 5% GDP growth
The Philippine economy may be hard-pressed to even grow by 5 percent this year as no relief is yet in sight from the coronavirus (COVID-19) pandemic a year since the outbreak, prompting a return to tough lockdown protocols. This was according to Romeo Bernardo, economist at New York-based think tank Global Source, who said in a research note dated April 5 that the present crisis was a “concrete display of what has kept us worried all this time and why we have not been able to shake off a more pessimistic outlook for the economy.” At the beginning of the year, median forecasts of 13 institutions polled by the Inquirer indicated that the Philippines might grow by 6.5 percent this year, rebounding from the trecord 9.5-percent contraction last year. With the recent return to hard lockdowns due to surging COVID-19 cases last month, various analysts have downgraded their GDP growth forecasts with cuts of as much as 1.8 percentage points, reducing projected growth to below 6 percent. ... » Learn More about Economist sees slim chance of 5% GDP growth
Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
The number of multimillionaires in Hong Kong hit a record high last year – despite the city recording its worst recession on record because of the pandemic – according to the results of a survey released by Citibank on Thursday. As many as 515,000 people in Hong Kong were estimated to have HK$10 million (US$1.28 million) each in total assets last year, up from 413,000 in 2019, according to Citibank’s Hong Kong Affluent Study 202 0, which was conducted between November last year and January this year. A multimillionaire is defined by the bank as someone who has more than HK$10 million in total net assets and at least HK$1 million in liquid assets. “The population of Hong Kong multimillionaires continues to grow unabated during the pandemic, and has even set a record high,” said Josephine Lee Kwai-chong, Citibank Hong Kong’s head of retail banking. “Even with the outbreak of the pandemic, governments around the world have taken measures to save [their economies] and stabilise the ... » Learn More about Hong Kong’s multimillionaire population hit record high last year even as its economy had its worst recession on record
US blacklists Myanmar state-owned gems enterprise
WASHINGTON: The US Treasury Department on Thursday (Apr 8) imposed sanctions on a Myanmar state-owned gems enterprise in a bid to curtail the military junta's ability to generate revenues, according to a statement. The move is the latest from the Biden administration targeting the generals who seized power in Myanmar on Feb 1 and have killed more than 600 people in demonstrations against the coup, according to a tally by an activist group. "Today’s action highlights Treasury’s commitment to denying the Burmese military sources of funding, including from key state-owned enterprises throughout Burma,” Andrea Gacki, director of the Treasury's Office of Foreign Assets Control, said in the statement. The United States, alongside other Western nations, has already slapped sanctions on generals involved in the coup and some of their family members, as well as two conglomerates controlled by the military. The junta's leaders have so far refused to reverse course. READ: UK sanctions ... » Learn More about US blacklists Myanmar state-owned gems enterprise
54 provinces to see relaxing of disease control measures
Thailand is proposing an easing of disease control measures in 19 more provinces in an effort to resume business operations. The Centre for Covid-19 Situation Administration will consider the proposal on Monday, which would increase the number of provinces to see relaxed measures from 35 to 54. Those provinces would be listed as green zones and include: Kamphaeng Phet, Chai Nat, Nakhon Ratchasima, Nakhon Sawan, Buri Ram, Prachuap Khiri Khan, Phangnga, Phetchabun, Sukhothai, Surat Thani, Uthai Thani, Krabi, Kalasin, Khon Kaen, Chiang Rai, Chiang Mai, Trang, Nakhon Phanom, Chaiyaphum, Nakhon Si Thammarat, Nan, Bung Kan, Pattani, Phayao, Phatthalung, Phichit, Phitsanulok, Phrae, Phuket, Maha Sarakham, Mukdahan, Mae Hong Son, Yasothon, Roi Et, Lampang, Lamphun, Loei, Si Sa Ket, Sakon Nakhon, Satun, Surin, Nong Khai, Nong Bua Lam Phu, Amnat Charoen, Udon Thani, Uttaradit, Ubon Ratchathani, Ang Thong, Sa Kaeo, Chanthaburi, Sing Buri, Trat, Prachin Buri and Lop Buri. The number of ... » Learn More about 54 provinces to see relaxing of disease control measures
Chon Buri: 141 new Covid-19 infections, 54 linked to nightlife
Chon Buri now has 264 confirmed Covid-19 infections this month after the Chon Buri Public Health Department announced that today brought 141 new infections. Many of the new cases stem from exposure from evening entertainment venues. 54 of the new cases are from an outbreak cluster at the Flintstones Pub in Mueang Chon Buri, bringing the total number of Coronavirus cases linked to that one pub to 90. Other infections were found in Chon Buri area venues including Class 99 Pub, Bone Pattaya, Na Pa, Symphony Pub, plus cases from nightclubs in Bangkok and Samut Prakan. 5 of the infected people were actually from other provinces who came to Chon Buri for treatment, while over 60 cases are still being investigated to determine their source. The infections that were identified locally are: 53 in Mueang Chonburi 30 in Banglamung 8 in Si Racha 7 in Panthong 4 in Panat Nikhom 3 in Ban Bueng 1 in Nongyai 6 from other provinces Another 2,410 tests have been administered from ... » Learn More about Chon Buri: 141 new Covid-19 infections, 54 linked to nightlife
Nightlife plays major role in Covid-19 third wave
The current surge in Covid-19 infections now looks to be spread in large part by Thailand’s colourful nightlife, with more than 500 people contracting the more contagious UK variant (B117) of the Coronavirus. The government responded by closing all bars and entertainment venues in 41 provinces, but it may be too late to prevent a third wave of the pandemic. Many people now are critical, pointing to the first and second wave as harbingers of how the party nightlife can so easily transmit Covid-19. At the beginning of the pandemic, partiers in Bangkok’s Thong Lor area began testing positive for Covid-19 last March. The Public Health Ministry instructed everyone to follow safety measures to prevent a big outbreak. The area is well known to be a hotspot for Bangkok’s wealthy elite and powerful with its multitude of high-end luxury clubs and bars. A normal night has thousands of people roaming the streets into the late hours of the evening. But after infections started spreading, all ... » Learn More about Nightlife plays major role in Covid-19 third wave