Tag #Asia

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dailymail.co.uk

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Feb 19, 13:10

HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring

HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.

HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring

HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.

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How do HSBC's cost-cutting measures, including job losses and asset redeployment, relate to its revised climate targets and overall strategic direction?

HSBC's revised climate targets and restructuring reflect a strategic shift prioritizing profitability and focusing on core strengths, particularly in Asia. The decision to abandon the 2030 net-zero goal highlights the complexities of achieving such ambitious targets across vast global supply chains. The cost-cutting measures, including job losses and asset redeployment, aim to enhance efficiency and competitiveness.

chinadaily.com.cn

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Feb 15, 10:08

China Expands Belt and Road Initiative with Mongolia and Cook Islands

During the 9th Asian Winter Games closing ceremony in Harbin, Chinese Premier Li Qiang met with Mongolian Prime Minister Oyun-Erdene and Cook Islands Prime Minister Brown, strengthening Belt and Road cooperation focusing on mutually beneficial projects in various sectors, including AI, green develop...

China Expands Belt and Road Initiative with Mongolia and Cook Islands

During the 9th Asian Winter Games closing ceremony in Harbin, Chinese Premier Li Qiang met with Mongolian Prime Minister Oyun-Erdene and Cook Islands Prime Minister Brown, strengthening Belt and Road cooperation focusing on mutually beneficial projects in various sectors, including AI, green develop...

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Partnerships for the Goals

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How do the agreements reached during the meetings reflect China's broader foreign policy objectives?

China's intensified engagement with Mongolia and the Cook Islands reflects its broader Belt and Road Initiative strategy, aiming to enhance global influence and economic partnerships. The focus on infrastructure, resource development, and emerging technologies demonstrates China's strategic approach to securing resources and expanding its technological footprint. Both Mongolia and the Cook Islands affirmed their commitment to the One China policy, signaling continued diplomatic alignment with China.

theglobeandmail.com

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Feb 13, 01:08

Pacific Future Energy Cancels Proposed West Coast Refinery Project

Pacific Future Energy cancelled its plan for a West Coast refinery near Kitimat, B.C., designed to process Alberta bitumen for export to Asia, after facing regulatory hurdles and community opposition; the company formally notified the Impact Assessment Agency of Canada in December 2023.

Pacific Future Energy Cancels Proposed West Coast Refinery Project

Pacific Future Energy cancelled its plan for a West Coast refinery near Kitimat, B.C., designed to process Alberta bitumen for export to Asia, after facing regulatory hurdles and community opposition; the company formally notified the Impact Assessment Agency of Canada in December 2023.

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What are the immediate consequences of Pacific Future Energy's decision to cancel its West Coast refinery project?

Pacific Future Energy, a B.C.-based company, has cancelled its proposal to build a West Coast refinery for exporting refined petroleum products to Asia. This decision terminates the environmental assessment process and prevents the construction of a facility near Kitimat that would have processed 200,000 barrels of Alberta bitumen daily. The company's CEO, Samer Salameh, formally notified the Impact Assessment Agency of Canada in December 2023.

elpais.com

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Feb 11, 10:09

Fear in Politics: Hindering Progress and the Need for Societal Change

British historian Robert Peckham, author of "Fear: An Alternative History of the World," discusses the overwhelming influence of fear in current sociopolitical discourse, hindering progress and highlighting the urgent need for societal change and mobilization.

Fear in Politics: Hindering Progress and the Need for Societal Change

British historian Robert Peckham, author of "Fear: An Alternative History of the World," discusses the overwhelming influence of fear in current sociopolitical discourse, hindering progress and highlighting the urgent need for societal change and mobilization.

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What historical shift in the role of fear, from protector to obscurer of liberal values, explains the current political landscape's focus on fear-mongering rather than progress?

Peckham's analysis traces the historical shift of fear from a protector of liberal values to an obscurer of them. He emphasizes the current imbalance, where fears outweigh values, hindering forward-looking progressive movements. This is further complicated by the perceived comfort many find in relinquishing freedom to authority, driven by fear itself.

cnbc.com

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Feb 10, 01:07

Global Coal Demand Hits Record High Amidst Energy Transition Challenges

Global coal demand hit a record 8.77 billion tonnes in 2024, driven by Asia's rising energy needs, particularly China's stockpiling and India's infrastructure development, despite falling consumption in Europe and the U.S., and the growing energy demands of AI.

Global Coal Demand Hits Record High Amidst Energy Transition Challenges

Global coal demand hit a record 8.77 billion tonnes in 2024, driven by Asia's rising energy needs, particularly China's stockpiling and India's infrastructure development, despite falling consumption in Europe and the U.S., and the growing energy demands of AI.

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How do the energy policies and infrastructure challenges in China and India contribute to the sustained use of coal?

China's record coal imports (542.7 million metric tons in 2024) are primarily due to stockpiling for extreme weather events and the difficulty of transmitting renewable energy across provinces. India's high steel demand and reliance on coal-intensive industries also contribute to the continued high demand. The rise in gas prices since the Russia-Ukraine war has further reduced the appeal of gas-based power buildouts.

cnbc.com

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Feb 4, 10:09

Asia's IPO Market Slumps, But India Leads the Way

Asia's 2024 IPO market experienced a significant decline (35% in deals, 51% in proceeds), yet India saw a record 327 listings, while high interest rates and elections impacted mature markets; private equity is projected to raise \$30 billion, offering a contrast to the public market's struggles.

Asia's IPO Market Slumps, But India Leads the Way

Asia's 2024 IPO market experienced a significant decline (35% in deals, 51% in proceeds), yet India saw a record 327 listings, while high interest rates and elections impacted mature markets; private equity is projected to raise \$30 billion, offering a contrast to the public market's struggles.

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Decent Work and Economic Growth

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What factors contributed to the decline in Asia's IPO market in 2024, and which markets performed exceptionally well despite this trend?

Asia's IPO market saw a significant decline in 2024, with a 35% drop in deals and a 51% drop in proceeds compared to 2023. However, India bucked this trend, recording the highest number of listings among major IPO markets with 327. This highlights the uneven distribution of growth within the region.

es.euronews.com

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Feb 15, 16:09

Air Pollution: 7 Million Premature Deaths Annually

Air pollution, exceeding WHO standards, claims 7 million lives annually; dangerous pollutants like PM2.5 originate from fuel combustion, varying by region (Jakarta: vehicles; Thailand/India: agriculture).

Air Pollution: 7 Million Premature Deaths Annually

Air pollution, exceeding WHO standards, claims 7 million lives annually; dangerous pollutants like PM2.5 originate from fuel combustion, varying by region (Jakarta: vehicles; Thailand/India: agriculture).

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Good Health and Well-being

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How do the sources and intensity of air pollution vary across different regions and what are some examples?

The most dangerous air pollutants are inhalable fine particles (PM2.5 and PM10), and gases like nitrogen dioxide and sulfur dioxide, primarily from fuel combustion. Specific sources vary geographically; for example, Jakarta faces pollution from old motorcycles and industrial boilers, while agricultural burning plagues Thailand and India.

dailymail.co.uk

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Feb 13, 01:08

Prudential Considers £8 Billion Indian Asset Spin-off

Prudential is considering an £8 billion spin-off of its 49% stake in ICICI Prudential Asset Management, a joint venture in India, potentially listing on the Mumbai stock exchange; this follows a trend of UK firms choosing overseas listings, dealing a blow to the City of London.

Prudential Considers £8 Billion Indian Asset Spin-off

Prudential is considering an £8 billion spin-off of its 49% stake in ICICI Prudential Asset Management, a joint venture in India, potentially listing on the Mumbai stock exchange; this follows a trend of UK firms choosing overseas listings, dealing a blow to the City of London.

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How does Prudential's decision relate to the broader trend of UK companies choosing to list overseas, and what are the underlying causes?

The decision reflects broader trends of companies listing on exchanges outside of the UK, particularly in the US. This trend is exemplified by Arm Holdings, Flutter, and Ashtead Group, all choosing New York for their listings. Prudential's move could be seen as a further blow to the London Stock Exchange's competitiveness.

english.elpais.com

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Feb 12, 01:11

Historian Warns of Fear's Dominance in Current Sociopolitical Climate

British historian Robert Peckham, author of "Fear: An Alternative History of the World," will participate in Spain's VIII Culture Forum (February 20-23) to discuss how fear, used historically to protect values, now overshadows them, hindering social progress and impacting global movements.

Historian Warns of Fear's Dominance in Current Sociopolitical Climate

British historian Robert Peckham, author of "Fear: An Alternative History of the World," will participate in Spain's VIII Culture Forum (February 20-23) to discuss how fear, used historically to protect values, now overshadows them, hindering social progress and impacting global movements.

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What are the historical patterns and current manifestations of fear's role in shaping political discourse and hindering social progress, as observed by historian Robert Peckham?

Peckham's work connects the current sociopolitical climate, characterized by fear-based rhetoric from figures like Trump and Putin, to historical patterns of fear as a tool of power. He notes a lack of progressive movements focused on future aspirations rather than self-preservation, highlighting a global trend of fear overshadowing social values. This is further exemplified by the decline in social mobilization, even in response to significant issues like the rise of the extreme right in Europe.

cnbc.com

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Feb 11, 07:07

Trump's Reciprocal Tariffs Threaten Asian Economies

President Trump announced reciprocal tariffs on Asian economies with large trade surpluses with the U.S., starting Tuesday, potentially impacting countries like China, Vietnam, Taiwan, Japan, and South Korea, with varying degrees of impact based on existing trade relationships and security ties.

Trump's Reciprocal Tariffs Threaten Asian Economies

President Trump announced reciprocal tariffs on Asian economies with large trade surpluses with the U.S., starting Tuesday, potentially impacting countries like China, Vietnam, Taiwan, Japan, and South Korea, with varying degrees of impact based on existing trade relationships and security ties.

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How do differing levels of tariffs and security ties between these Asian nations and the U.S. influence the potential impact of the reciprocal tariffs?

The imposition of reciprocal tariffs is a direct response to perceived unfair trade practices by these Asian economies, as evidenced by their higher average tariffs on U.S. imports compared to U.S. tariffs on their goods. Countries with strong security ties and substantial investments in the U.S., such as Japan, may be partially shielded, while others may offer concessions to mitigate the impact.

global.chinadaily.com.cn

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Feb 5, 22:13

Four Leaders' China Visits Signal Enhanced Regional Cooperation

The leaders of Pakistan, Kyrgyzstan, Brunei, and Thailand visited China after the Chinese New Year to strengthen ties and promote regional cooperation, focusing on economic development and security.

Four Leaders' China Visits Signal Enhanced Regional Cooperation

The leaders of Pakistan, Kyrgyzstan, Brunei, and Thailand visited China after the Chinese New Year to strengthen ties and promote regional cooperation, focusing on economic development and security.

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What are the immediate implications of the four leaders' visits to China for regional stability and cooperation?

Four leaders from Pakistan, Kyrgyzstan, Brunei, and Thailand visited China post-Chinese New Year, signifying strengthened relations and collaborative regional development. Meetings resulted in agreements on concrete projects, deepening mutual trust and cooperation.

cnbc.com

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Feb 3, 07:08

South Korea's High Household Debt Forces Central Bank Tightrope Walk

South Korea's Bank of Korea grapples with high household debt (91% of GDP in Q2 2024, exceeding other advanced economies and Asian nations), impacting economic growth and forcing careful monetary policy decisions to avoid inflation and potential economic catastrophe due to factors like the unique 'j...

South Korea's High Household Debt Forces Central Bank Tightrope Walk

South Korea's Bank of Korea grapples with high household debt (91% of GDP in Q2 2024, exceeding other advanced economies and Asian nations), impacting economic growth and forcing careful monetary policy decisions to avoid inflation and potential economic catastrophe due to factors like the unique 'j...

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How does South Korea's unique "jeonse" housing system contribute to high household debt, and what are its broader economic implications?

The BOK's concern stems from the unique "jeonse" system, where renters pay large upfront deposits (50%-80% of property value) often financed through loans, creating substantial debt. Rising interest rates increase the debt servicing burden, despite the BOK's rate cuts, hindering economic stimulus and potentially causing deflationary pressures or recession if a credit crunch occurs. This high debt level is further exacerbated by heavy credit card usage.

Showing 25 to 36 of 88 results