20 000 refugees by 2020

- A + A A weekly round-up of tanker and dry bulk market (May 20, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +US$4,805 over the week to close at US$37,538. The Pacific region, while easily the premium region to trade currently, was in … [Read more...] about Baltic Exchange shipping updates: May 20

Erica Davis, 37, knew early on that she wanted to be a business owner. Entrepreneurship runs in her family : Her mother owns Carolyn's Creole Kitchen, a catering business, and her real estate agent grandmother owned a laundromat and purchased several homes on one block so that her children could all live in the same neighborhood. "Being an entrepreneur was always in my career path. It was just about me getting the building blocks that I knew I needed to start a successful business. Everything I've done was strategic to get me to where I am right now," says Davis, who currently runs The Sip, an Oakland, California-based wine tasting subscription service. After graduating from the University of San Francisco with a business degree, Davis was accepted into Gap's nine-month Rotational Management Program, which gives participants interdisciplinary leadership training and hands-on lessons in inventory management, merchandising, and customer engagement. "They call it the … [Read more...] about How This Wine Lover Spotted a Market Gap and Turned It Into a Million-Dollar Business

Share to Twitter Share to Linkedin The better part of two or more Russian army battalions—potentially 100 vehicles and more than a thousand troops—in recent days tried to cross a pontoon bridge spanning the Siverskyi Donets River, running west to east between the separatist provinces of Donetsk and Luhansk in eastern Ukraine. Ukrainian artillery caught them at the river bank—and destroyed them. The rapid destruction of around six dozen tanks and other armored vehicles, along with the bridge itself, underscores Russia’s deepening woes as its troops try, and fail, to make meaningful gains in eastern Ukraine’s Donbas region. “We still assess Russian ground force in the Donbas to be slow and uneven,” an unnamed U.S. Defense Department official told reporters on Tuesday. The Russians’ inability to cross rivers might explain their sloth. To be fair, “conducting river-crossings in a contested environment is a highly risky maneuver,” the U.K. Defense … [Read more...] about The Russians Lost An Entire Battalion Trying To Cross A River In Eastern Ukraine

Share to Twitter Share to Linkedin Topline The populations of at least 14 states were miscounted in the 2020 Census, a report released Thursday by the Census Bureau found, but the discovery will have no impact on the ongoing redistricting process. Key Facts The populations of six states were "significantly" undercounted, according to the report: Arkansas (-5.04%), Tennessee (-4.78%), Mississippi (-4.11%), Florida (-3.48%), Illinois (-1.97%) and Texas (-1.92%). Overcounts were found in eight states: Hawaii (+6.79%), Delaware (+5.45%), Rhode Island (+5.05%), Minnesota (+3.84%), New York (+3.44%), Utah (+2.59%), Massachusetts (+2.24%) and Ohio (+1.49%). The report did not specify whether any particular demographic groups were severely impacted by the miscounting. The Census Bureau releases a report every decade reviewing the accuracy of census results, using statistical modeling to determine whether errors were likely in the count. … [Read more...] about 14 States Significantly Miscounted In 2020 Census—But That Won’t Change Redistricting Plans

Attempts to unionize Amazon.com, Inc. ( AMZN ) workers at two large facilities in the Staten Island borough of New York City have produced mixed results, with workers at one voting for unionization and those at the other voting against. The latter results were announced on May 2, 2022. Meanwhile, Amazon is asking the National Labor Relations Board (NLRB) to invalidate the vote in favor of the union, alleging various electoral irregularities. The Amazon Labor Union (ALU) won by a vote of 2,654 (55%) in favor out of 4,785 ballots counted at the JFK8 warehouse. However, the union lost by a margin of 618 (62%) against out of 998 votes counted at the adjacent LDJ5 sorting facility. The former site employs more than 8,000 people, while the latter has approximately 1,633 eligible voters. Key Takeaways After winning a vote to organize workers at an Amazon.com facility in Staten Island, New York, the same union lost a vote at an adjacent facility. Amazon had worked … [Read more...] about Amazon (AMZN) Union Gets Split Decision in NYC

- A + A KUALA LUMPUR (May 20): Messrs CAS Malaysia PLT has resigned as Practice Note 17 (PN 17) China Automobile Parts Holdings Ltd’s (CAP) external auditors with immediate effect. In a filing on Friday (May 20), CAP said it accepted CAS Malaysia’s resignation as its auditors after a notice of resignation dated May 19 was received by the group on Friday. CAP said it “is not aware of any other matters that need to be brought to the attention of the shareholders” of the group, adding that it will appoint new auditors in due course. CAS Malaysia was first appointed as CAP’s external auditor on July 24, 2020, according to prior filings. In October last year, the Securities Commission reprimanded CAP’s former group executive chairperson Wang Yunyun and its former managing director Li Guo Qing, and former non-independent non-executive vice-chairman Ong Juan Tee for allowing the submission and authorising the issuance of CAP’s prospectus that contained financial … [Read more...] about China Automobile Parts’ external auditor resigns in less than 2 years after appointment

Reuters filepix for illustration purpose only - A + A SINGAPORE (May 20): Singapore's anti-narcotics agency on Friday announced the seizure of nearly 18 kg (634 oz) of heroin in a car arriving from neighbouring Malaysia, in what local media said was the biggest haul of its kind in the city-state in two decades. Singapore has some of the world's toughest penalties for drug trafficking, including execution by hanging. The Central Narcotics Bureau (CNB) arrested three Malaysian men aged between 23 and 28 following Wednesday's search of the vehicle, which uncovered 17.7 kg of heroin, 261 grammes of crystal methamphetamine and two grammes of ecstasy pills. The driver was detained at the scene and the other two men — believed by officers to be the intended recipients — were arrested the following day. The wealthy city-state has a zero-tolerance policy for drugs and imposes long jail terms, or the death penalty. The trafficking of more than 15 grammes of pure … [Read more...] about Singapore makes major heroin bust at Malaysian border

Bloomberg filepix for illustration purpose only - A + A (May 20): China's crude oil imports from top supplier Saudi Arabia soared 38% in April from a year earlier, hitting the highest monthly volume since May 2020, according to Reuters ' calculations based on official Chinese customs data. Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs. The hefty purchases, with trades completed mostly in February, compare with 1.61 million bpd in March and 1.57 million bpd a year earlier. Imports from second-largest supplier Russia rose a more modest 4% last month from a year earlier, with cargoes booked before western governments toughened sanctions over Russia's invasion of Ukraine in late February. Russian oil arrivals in April totalled 6.55 million tonnes, or 1.59 million bpd, data showed, up slightly from 1.5 million bpd in March and … [Read more...] about China’s April Saudi oil imports soar 38% on yr, Russian oil up 4%

- A + A (May 18): A growing number of Chinese chip design firms have adopted open-source RISC-V in their chip designs as an alternative to Intel’s proprietary X86 and Arm’s architecture, in a bid to minimise potential damage from US sanctions and to save on licensing fees, South Morning China Post (SCMP) said. Of the 20 “premier members” of RISC-V International, the non-profit organisation which changed its base to Switzerland in 2020 to avoid certain US trade regulations, half are Chinese, including Huawei Technologies Co – currently subject to US trade sanctions - as well as Alibaba Cloud, a subsidiary of Alibaba Group Holding, owner of the South China Morning Post. Siow Chen Ming … [Read more...] about SCMP: China bets on open-source RISC-V for chip design to minimise potential damage from ‘being cut off’ by US sanctions

- A + A (May 20): President Vladimir Putin said on Friday that the number of cyber attacks on Russia by foreign "state structures" had increased several times over and that Russia must bolster its cyber defences by reducing the use of foreign software and hardware. The websites of many state-owned companies and news websites have suffered sporadic hacking attempts since Russia sent its armed forces into Ukraine on Feb 24, often to show information that is at odds with Moscow's official line on the conflict. "Targeted attempts are being made to disable the internet resources of Russia's critical information infrastructure," Putin said, adding that media and financial institutions had been targeted. "Serious attacks have been launched against the official sites of government agencies. Attempts to illegally penetrate the corporate networks of leading Russian companies are much more frequent as well," he said. In a meeting with the Security Council, Putin said that … [Read more...] about Putin promises to bolster Russia’s IT security in face of cyber attacks