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https://www.nationthailand.com/world/40022578
TUESDAY, NOVEMBER 29, 2022
World Cup fans arriving in droves to the desert outside Doha were ready for their perfect Instagram moment: riding a camel onto the rolling dunes.
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https://www.nationthailand.com/blogs/world/us-canada/40022569
TUESDAY, NOVEMBER 29, 2022
“I do think we’re going to need to keep restrictive policy in place for some time; I would expect that to continue through at least next year,” Williams said at a virtual event held by the Economic Club of New York, noting that borrowing costs need to rise to bring down overly high levels of inflation. “I do see a point probably in 2024 that we’ll start bringing down nominal interest rates because inflation is coming down.”
The Fed has boosted the cost of short-term borrowing aggressively this year in its battle to curb inflation. By the Fed’s preferred measure, inflation has been running at more than three times the central bank’s 2% target this entire year.
While Williams pointed to some signs of progress in bringing down inflation, he said interest rates needed to rise further.
“How high those rates need to be will depend on how the economy and inflation evolve,” Williams said.
Williams is vice chair of the rate-setting Federal Open Market Committee, which holds its next policy meeting on Dec. 13-14. The Fed has pushed through oversized 75-basis-point rate increases at its last four policy meetings, bringing the target rate to the current 3.75%-4.00% range.
Fed officials signalled both at the central bank’s November meeting and in comments since then that they may find the space to slow the pace of the increases in borrowing costs as they close in on a resting point for their rate-rise campaign. That has opened the door to the prospect the Fed could raise its target rate by 50 basis points at the next gathering.
Williams did not offer any guidance on his preferred size for the rate hike at next month’s meeting, or for the ultimate destination of the federal funds rate, which most policymakers in September thought would be between 4.5% and 5.0%.
But he notably did not push back on the idea that the Fed could move at a slower pace next month. The federal funds rate futures market on Monday put a 68% probability on the prospect of a half-percentage-point rise at the Dec. 13-14 meeting.
JOB LOSSES WARNING
With economic growth expected to be in modestly positive territory this year and next, Williams said the U.S. unemployment rate will likely rise to between 4.5% and 5.0% by the end of next year, from the current 3.7%.
Still, he said a recession is not part of his baseline forecast, though risks are to the downside. Williams noted to reporters after his formal remarks that the risks to the economy lie on the downside, and said that based on his outlook, activity is particularly vulnerable to shocks that could send the nation into a recession.
Meanwhile, slower global growth and improving supply chains should help lower inflation. Compared to the 6.2% rise in September in the Fed’s preferred inflation gauge, the personal consumption expenditures price index, Williams said inflation should ease to between 5.0% and 5.5% by the close of 2022 and to 3.0% to 3.5% next year.
Williams also said the bond market has been holding up fairly well in the face of the Fed’s actions.
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https://www.nationthailand.com/world/asean/40022561
TUESDAY, NOVEMBER 29, 2022
Prof. Nguyen Mai, President of the Vietnam Association of Foreign Invested Enterprises (VAFIE), said the adverse impact of the Covid-19 pandemic and prolonged trade conflicts have caused a disruption of semiconductor supplies. Global companies involved in using semiconductors to make smartphones, self-driving vehicles, artificial intelligence (AI) technology or data centres have been forced to cut their production.
Mai emphasised that countries are in a race to produce semiconductors and chips. In particular, the US Department of Commerce (DOC) in September released its strategy for implementing its US$50 billion CHIPS for America programme. And China has doubled its spending and enacted policies to support semiconductor manufacturing companies.
Vietnam has also become a centre of the semiconductor industry as Samsung announced its plan to produce semiconductors from July next year with an additional investment of US$920 million. The country is also home to Intel’s largest assembly and testing factory with an investment of $1.5 billion.
Do Nhat Hoang, head of the Ministry of Planning and Investment’s Foreign Investment Agency, said the Synopsys company from the US also announced that it would train electrical engineers in Vietnam and support HCM City Hi-Tech Park (SHTP) to establish a chip design centre through a software sponsorship programme.
Hoang added that in the first 10 months this year, FDI disbursement reached $17.45 billion, an increase of 15.2 per cent over the same period in 2021. This was the highest number in the past five years. Of this figure, the manufacturing sector accounted for 65 per cent and involved the major industries of hi-tech electronics and chip production. This has shown that Vietnam has gradually begun to form an ecosystem of semiconductor and chip production.
Over the years, Vietnam’s investment climate has been highly appreciated by foreign investors due to its stable political system and rapidly growing economy. Incentives through corporate income taxes have also made an important contribution to creating an attractive investment climate.
Hong Sun, Vice President of the Korean Chamber of Commerce in Vietnam (KoCham), said that apart from having a stable business environment and many incentives, chip manufacturers want to have abundant and stable power sources.
Hong emphasised that chip and semiconductor manufacturing were both high-value products. If a sudden power failure occurred, production would have to restart from the beginning, which would take from a week to a few months and cost billions of dollars.
Mai said that “Vietnam should not rest on its gains and we need to make an assessment of the bottlenecks in luring FDI, such as transport infrastructure, and information networks.”
He noted that if Vietnam can participate in the semiconductor industry, it will generate a big boost of added value for the country.
Viet Nam News
Asia News Network
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https://www.nationthailand.com/world/asean/40022560
TUESDAY, NOVEMBER 29, 2022
Doctor cars are deployed at medical institutions and some fire departments across the nation, but their staffing and equipment vary depending on the institution. In some areas, there is poor coordination between the cars and firefighting agencies.
The Health, Labour and Welfare Ministry survey aims to find ways to utilise doctor cars more efficiently in hopes of improving the service and saving more lives.
Doctor cars range from sophisticated models equipped with such devices as heart-lung machines to passenger cars that simply transport doctors. It costs about ¥10 million to ¥40 million to outfit new vehicles — including medical equipment — with the central government or other entities occasionally shouldering part of the outlay.
When a fire department receives an emergency call, it dispatches an ambulance and, depending on the patient’s reported condition, also requests a hospital to dispatch a doctor’s car. Ambulance paramedics can only perform a limited number of medical procedures, whereas on-site treatment by doctors can help save more lives.
According to the health ministry, in fiscal 2019, about 260 doctor cars deployed at emergency medical care centres (EMCCs) or other relevant departments within medical institutions nationwide dealt with about 21,000 medical cases.
However, the true number of doctor cars is unknown, because some are operated by medical institutions that do not have EMCCs. Furthermore, manpower shortages mean some cars cannot be dispatched at night, while others reportedly do not coordinate efficiently with on-site fire engines in terms of sharing location information and other relevant details.
For the survey, the health ministry has enlisted the help of the national doctor car council, which was established on Saturday by five organisations including the Japan Society for Prehospital Medicine and the Japanese Association for Acute Medicine.
The council will seek prefectural cooperation and send questionnaires to medical institutions that operate doctor cars regarding dispatch frequency and response times. The survey is expected to be completed by the end of December. Thereafter, the council will examine differences in lifesaving rates based on the kind of equipment in the cars as well as any examples of novel initiatives before compiling a report by the end of March.
“Many municipalities view the dispatch of doctor cars as a volunteer effort by medical institutions and leave equipment and operational costs to hospitals,” said Nippon Medical School Prof Shoji Yokobori, who also serves as director general of the doctor car council. “We want to clarify the significance [of the cars] through the nationwide survey and strengthen cooperation between fire agencies and hospitals.”
The Japan News
Asia News Network
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https://www.nationthailand.com/world/china/40022553
TUESDAY, NOVEMBER 29, 2022
The Nanhu Revolutionary Memorial in Jiaxing, East China’s Zhejiang province, is a first-class museum, which manages the site of the First National Congress of the Communist Party of China.
One of the memorial’s highlights popular with young people is the Red Boat team, which consists of many experienced docents, or guides who work at a museum.
Yuan Jing, a researcher at the memorial, said the Red Boat team was set up to approach younger people by recounting revolutionary stories in a way that they can easily understand.
“We come to the place where young people gather,” Yuan said. The team so far has brought its elaborately designed courses about the CPC’s history to many colleges and universities.
“The Red Boat team staged a sitcom at our university. That was a very novel form and I felt like I was on the Red Boat that year,” said Zhang Mengnan, a graduate student of Zhejiang Sci-Tech University.
Bringing the revolutionary past to places outside the memorial is a strategy that many such places have taken forward. The memorial of the First National Congress of the CPC in Shanghai, the former site where the founding fathers of the CPC secretly convened a meeting, is one of them.
The coffee shop belonging to the memorial is now sought after by young consumers living in Shanghai. Having opened in September, it sells coffee related to inspiring revolutionary stories.
“The idea of combining revolutionary past and fashion is fabulous. The coffee I ordered is priced at 19.21 yuan ($2.68). It implies that the public awakening and the founding of the CPC happened in 1921. The photos and revolutionary songs I encounter in the coffee shop instantly transport me back to those glorious revolutionary days,” said a local resident surnamed Liu.
Shen Wei, a staff member at the memorial, noted that it has made an innovative attempt to load a container truck with exhibits. The truck will arrive at universities and serve as a mini memorial hall with an LED screen on its body and exhibitions and historical documents inside.
“The exhibition truck recently arrived at Sanming city of Fujian province, and then it will move to universities in Shanghai,” Shen said.
Industry experts said Generation Z has become the main customer group of Red tourism, and products featuring immersive experiences and high-tech feel are particularly popular.
Tuniu Corp, a Nanjing-based online travel agency, said among Red tourism products, the three-day tour to the Jinggang Mountains in Jiangxi province, known as one of the cradles of the Chinese revolution, is well-received by young customers.
“During three days, I was deeply touched by the revolutionary spirit. I was dressed like a soldier, had the meal soldiers had, and walked on the road soldiers had traversed. I garnered a deeper understanding of the events that once happened on this land,” said a woman surnamed Wu, who did the tour in June.
Ctrip, a major online ticketing service company, said it pays special attention to young people’s participation in Red tourism.
During the Shanghai Tourism Festival from Sept 17 to Oct 6, the private route around the city’s revolutionary sites launched by Ctrip, which included a one-day visit to the memorial of the First National Congress of the CPC in Shanghai, was highly appreciated by young people.
China Daily
Asia News Network
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https://www.nationthailand.com/world/europe/40022549
TUESDAY, NOVEMBER 29, 2022
The US trip will be the new Prince and Princess of Wales’ first overseas excursion since the death of Queen Elizabeth, which meant William – Charles’s eldest son – became the heir to the throne.
The visit has gained added significance as it comes a few days before William’s Los Angeles-based younger brother Prince Harry and American wife Meghan take the limelight at a prestigious awards ceremony ahead of a Netflix TV documentary and revealing memoir.
For royal commentators and many in the British press, it will be a chance to contrast the popularity and lives of the two brothers, whose falling out, along with Harry and Meghan’s criticism of the monarchy, has become one of the defining stories of the House of Windsor in recent years.
The royal family ”are a competitive bunch, they always have been,” royal biographer Andrew Morton told Reuters.
“Prince William is the future king, Prince Harry no longer has a royal role. But nonetheless, they will be looking at the optics to see who had the biggest crowds, who had the most column inches and if they tell you otherwise, don’t believe them.”
William and Kate will visit Boston, primarily to attend an awards ceremony for the Earthshot environmental prize that the prince set up. It is being viewed by the royals as a trip rather than a more traditional tour.
The last time they visited the United States in November 2014, they were guests of then-President Barack Obama at the White House and at another event met basketball star LeBron James.
This visit will be lower key: they will visit local environmental, educational and community projects in Boston, although the Earthshot ceremony itself will be a star-studded event with the likes of Grammy-winning singer Billie Eilish and Oscar-winning actor Rami Malek.
”Americans are really looking forward to this visit,” Erin Hill, People magazine’s senior editor, Royals, told Reuters.
”It has been such a poignant year with the loss of the Queen and so to have them here on American soil will be really impactful.”
A few days later, Harry and Meghan, the Duke and Duchess of Sussex, will go to New York for the Robert F. Kennedy Ripple of Hope Award where they will be honoured for their commitment to social change and human rights work, in a group which also includes Ukrainian President Volodymyr Zelenskiy.
For many in the British press, Harry and Meghan have become the royal villains, turning their back on duty while using their royal status to forge out lucrative careers and earn millions, including from an upcoming Netflix documentary series.
The involvement with Netflix has been especially criticised because of the depiction of events about the royals in the U.S. streaming service’s popular drama “The Crown”, most notably surrounding Charles and the break-up of his first marriage to Princess Diana – William and Harry’s late mother.
In contrast, William and Kate are portrayed in the British media as dutiful and earnest, encapsulating the style of monarchy set by the late queen.
Polls suggest there is a generational division, with younger Britons warming to Harry and Meghan more than those aged over 60.
“Megan and Harry are polarising figures,” said Morton, adding the couple who he described as “the king and queen of California” had been mobbed on their last trip to New York.
“It’ll be interesting to look at the size of the crowds in New York, where Megan and Harry accept their award, compared to the crowds for William and Catherine in Boston.”
Erin Hill, Senior News Editor at U.S. People magazine, agreed.
“I think it’s only natural for people to want to pit these two couples against each other,” she told Reuters. “But I think American audiences are not viewing this as a competition.”
She said she there will be a lot of ”support… and interest” in Harry and Meghan’s trip, as well as the Netflix documentary, while Harry’s upcoming memoir “Spare”, released in January, she said would be “the book of the year”.
“I can tell you that Americans have never been as enthusiastic about the royal family as they are now,” said Morton, who was in California to promote his latest book “The Queen”.
“‘The Crown’, for all the criticism, has actually introduced a new generation of royal addicts,” he said.
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https://www.nationthailand.com/world/europe/40022548
TUESDAY, NOVEMBER 29, 2022
In his first major foreign policy speech, Sunak said Britain’s approach to China needed to evolve and Beijing was “consciously competing for global influence using all the levers of state power”.
“Let’s be clear, the so-called ‘golden era’ is over, along with the naive idea that trade would lead to social and political reform,” Sunak said in London’s financial district, a reference to former finance minister George Osborne‘s description of Sino-British ties in 2015.
Some in Sunak’s Conservative Party have been critical of Sunak, regarding him as less hawkish on China than his predecessor Liz Truss. Last year when he was finance minister, he called for a nuanced strategy for China to balance human rights concerns while expanding economic ties.
However, a planned meeting between Sunak and China’s President Xi Jinping at this month’s G20 summit in Bali fell through and last week London banned Chinese-made security cameras from sensitive government buildings.
“We recognise China poses a systemic challenge to our values and interests, a challenge that grows more acute as it moves towards even greater authoritarianism,” he said, referring to the BBC statement that one of its journalists had been assaulted by Chinese police.
Sunak said under his leadership Britain would not choose the “status quo” and would confront international competitors “not with grand rhetoric but with robust pragmatism”.
On Ukraine, he said the government would maintain military aid to Kyiv next year, maintaining the strong support offered by former prime ministers Boris Johnson and Truss.
“So be in no doubt, we will stand with Ukraine for as long as it takes. We will maintain or increase our military aid next year. And we will provide new support for air defence,” he said.
In September, Britain said it was the second-largest military donor to Ukraine after the United States, providing 2.3 billion pounds ($2.8 billion) of aid this year.
Sunak said Britain needed to take the same long-term approach as its adversaries and competitors such as Russia and China.
“In the face of these challenges, short-termism or wishful thinking will not suffice. We can’t depend on Cold War arguments or approaches, or mere sentimentality about the past,” he said.
Reuters
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https://www.nationthailand.com/world/europe/40022542
MONDAY, NOVEMBER 28, 2022
The head of Ukraine’s state-run nuclear energy company said on Sunday there were signs that Russian forces might be preparing to vacate Europe’s biggest nuclear plant, which they seized in March, soon after invading Ukraine.
The Kremlin dismissed the statement.
Russia and Ukraine, which both suffered from the world’s worst nuclear accident in Chornobyl in 1986, have accused each other of shelling the complex, which has six reactors.
Both sides have warned of the danger of a nuclear catastrophe. The U.N. nuclear watchdog, the International Atomic Energy Agency, wants to create a protection zone around the plant.
Ukrainian presidential adviser Mykhailo Podolyak said late on Sunday that he had no doubt Russian forces would leave the plant, where Ukrainian staff are still working.
“The defence line is starting to retreat to the borders of the Russian Federation,” Podolyak told Ukrainian television, adding that Ukraine would take the plant back.
Ukraine’s military said last week that about 30 Russian servicemen had been wounded near Enerhodar, the town closest to the plant. Reuters was not able to immediately verify the reports.
Russian President Vladimir Putin moved in September to annex Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions, which Russian forces partially control. Kyiv and its Western allies condemned the move as illegal.
Reuters
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https://www.nationthailand.com/world/china/40022541
MONDAY, NOVEMBER 28, 2022
From the streets of several Chinese cities to dozens of university campuses, protesters made a show of civil disobedience unprecedented since leader Xi Jinping assumed power a decade ago. During his tenure, Xi has overseen the quashing of dissent and expansion of a high-tech social surveillance system that has made protest more difficult and riskier.
There was no sign of new protests on Monday in Beijing or Shanghai, but dozens of police were in the areas where the weekend demonstrations took place.
Late on Sunday, protesters clashed with police in the commercial hub of Shanghai, where its 25 million people were stuck at home in April and May, with security forces taking away a busload of people.
On Monday, the Shanghai streets where protesters gathered were blocked with blue metal barriers to prevent crowds from gathering. Police in high-visibility vests patrolled in pairs, while police cars and motorbikes cruised by.
Shops and cafes in the area were asked to close, a staff member at one told Reuters.
The catalyst for the protests was an apartment fire last week in the western city of Urumqi that killed 10 people. Many speculated that Covid curbs in the city, parts of which had been under lockdown for 100 days, had hindered rescue and escape, which city officials denied.
Crowds in Urumqi took to the street on Friday (November 25). Over the weekend, protesters in cities including Wuhan and Lanzhou overturned Covid testing facilities, while students gathered on campuses across China.
Discussion of the protests, as well as pictures and footage, sparked a game of cat-and-mouse between social media users and censors.
In Beijing, large crowds of peaceful people gathered past midnight on Sunday on a city ring road, some holding blank pieces of paper as a symbol of protest.
The BBC said had assaulted its journalist Ed Lawrence while he was covering a protest in Shanghai and detained him for several hours, drawing criticism from Britain’s foreign minister who said the detention was deeply disturbing.
China disputed the account and said the journalist had not identified himself as a reporter.
“He was held for several hours before being released. During his arrest, he was beaten and kicked by the police. This happened while he was working as an accredited journalist,” the BBC said.
On Sunday (November 27) in Shanghai, some protesters briefly chanted anti-Xi slogans, almost unheard of in a country where Xi has a level of power unseen since Mao Zedong’s era.
Asked about widespread anger over China’s zero-Covid policy, foreign ministry spokesman Zhao Lijian told journalists: “What you mentioned does not reflect what actually happened.
“We believe that with the leadership of the Communist Party of China, and cooperation and support of the Chinese people, our fight against Covid-19 will be successful.”
While anger with the Covid rules simmers, some expressed opposition to people taking to the streets.
The backlash against Covid curbs is a setback for China’s efforts to eradicate the virus, which is infecting record numbers three years after it emerged in the central city of Wuhan.
The zero-Covid policy has kept China’s official death toll in the thousands, against more than a million in the United States, but has come at the cost of confining many millions to long spells at home, bringing extensive disruption and damage to the world’s second-largest economy.
Abandoning it would mean rolling back a policy championed by Xi. It would also risk overwhelming the health system and lead to widespread illness and deaths in a country with hundreds of millions of elderly and low levels of immunity to Covid, experts say.
Protests against the Chinese leadership were also staged in London and Tokyo.
The protests roiled global markets on Monday, sending oil prices lower and the dollar higher, with Chinese stocks and the yuan falling sharply.
State media did not mention the protests, instead urging citizens in editorials to stick to Covid rules. Many analysts say China is unlikely to re-open before March or April and needs an effective vaccination campaign before that.
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https://www.nationthailand.com/world/40022536
MONDAY, NOVEMBER 28, 2022
Africa is considered one of the continents most severely impacted by climate change. Despite some progress made at the UN climate conference held earlier this month, more concrete actions are urged to tackle the climate crisis facing African countries.
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