Susanna Twidale and Kate Holton (Reuters) (The Jakarta Post) PREMIUM London ● Wed, August 10 2022 The United Kingdom’s cap on domestic energy prices is expected to rise to more than 4,200 pounds (US$5,089) a year in January, up 230 percent on the year before, a leading economic forecasting group said on Tuesday, deepening the cost of living crisis. The Bank of England warned last week that the UK was on course for a long recession, as unprecedented energy prices push inflation toward 13 percent. Yet while governments across Europe race to increase gas storage and reduce usage, The UK’s political response has largely been put on hold by the race to select a new prime minister. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about UK cost of living crisis set to intensify as energy bills forecast to soar
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Supporters await a convoy carrying US House Speaker Nancy Pelosi outside the Grand Hyatt hotel in Taipei, Taiwan, on Tuesday, Aug 2, 2022. US House Speaker Nancy Pelosi landed in Taiwan on Aug 2 evening, in defiance of Chinese threats, a trip that would make her the highest-ranking American politician to visit the island in 25 years. - A + A (Aug 9): House Speaker Nancy Pelosi’s swing through Asia aimed to convey the US’s “strong and unshakable” support for the region. It ended up leaving many countries in stunned silence, as China conducted unprecedented military drills around Taiwan. The shockwaves from the highest-level US visit to Taiwan in a quarter century are still reverberating around the region days after she flew back to Washington. China’s military has extended exercises designed to show an ability to encircle the island and cut off the Taiwan Strait, one of the world’s busiest trade routes, days after launching missiles that likely flew over Taipei … [Read more...] about Pelosi trip hinders Biden effort to galvanize Asia against China
US Speaker of the House of Representatives Nancy Pelosi (left) with Taiwan President Tsai Ing-wen. (Image: AP) As tension rises in the Taiwan Strait following China’s threatening live-fire drills in the wake of Nancy Pelosi’s visit, a tussle between Taiwan and the mainland to influence the world through Mandarin learning centres has come back in focus. Mandarin is spoken widely on both sides of the Taiwan Strait. But as Sino-American relations became strained over trade and technology in the past few years, Washington made a conscious effort to curb Chinese cultural activities in the United States and encouraged Taiwan to fill that space, especially for learning Mandarin. Under Donald Trump’s presidency, the US Congress in 2018 passed a bill to cut funding for Chinese language and culture programmes offered by Confucius institutes at universities that host them. The US State Department labelled the institutes `foreign missions’ of the People’s Republic of China, and part … [Read more...] about China, Taipei battle over projecting soft-power through Mandarin
Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.
Share to Twitter Share to Linkedin The site of this year's Super Bowl was within walking distance of many hotels and all of downtown ... [+] Indy. Sunday’s Super Bowl was the most watched television event in American history, tuned into by nearly half of all households and at peak time, more than 117,000,000 viewers. Ad rates were $3.5 million per 30 second spot, and while viewers debated who was better, an overweight Volkswagen obsessed dog or Clint Eastwood, the real beneficiary of all that airtime and all those viewers was the city of Indianapolis. “Ten years from now, I think we will look back on this one single day as the tipping point in tourism and perception for the city,” said Chris Gahl, Vice President of Marketing for the Indianapolis Convention and Visitors Association. Several years ago when the city decided to go for the 2011 Game (it ended up with 2012), the bid process required $25 million in non-taxpayer funds, and several … [Read more...] about Super Bowl XLVI’s Real Winner? Indianapolis!
Supporters await a convoy carrying US House Speaker Nancy Pelosi outside the Grand Hyatt hotel in Taipei, Taiwan, on Tuesday, Aug 2, 2022. US House Speaker Nancy Pelosi landed in Taiwan on Aug 2 evening, in defiance of Chinese threats, a trip that would make her the highest-ranking American politician to visit the island in 25 years. - A + A (Aug 9): House Speaker Nancy Pelosi’s swing through Asia aimed to convey the US’s “strong and unshakable” support for the region. It ended up leaving many countries in stunned silence, as China conducted unprecedented military drills around Taiwan. The shockwaves from the highest-level US visit to Taiwan in a quarter century are still reverberating around the region days after she flew back to Washington. China’s military has extended exercises designed to show an ability to encircle the island and cut off the Taiwan Strait, one of the world’s busiest trade routes, days after launching missiles that likely flew over Taipei … [Read more...] about Pelosi trip hinders Biden effort to galvanise Asia against China
Bicol region map LIGAO CITY — Health authorities have recorded 11 fatalities due to leptospirosis in Bicol region from January 1 to July 30. Based on data released by Department of Health Center for Health Development (DOH-CHD) Bicol Regional Epidemiology Surveillance Unit, three patients who died of the rodent-borne disease were from Albay province, two came from Camarines Norte, two from Catanduanes, one from Camarines Sur and theee from Sorsogon province. There were also 85 cases of the disease covering the same period in the entire region. Dr. Rosa Maria Rempillo, local health support division chief of DOH-CHD in Bicol, told Inquirer in a text message Tuesday, August 9, that there was a 3 percent decrease of leptospirosis incidence in Bicol this year compared in 2021. Some 88 cases were recorded last year. “In order not to get infected with the deadly disease, avoid submerging in flood waters particularly if the person has an open wound,” Rempillo said. Leptospirosis … [Read more...] about Bicol records 11 leptospirosis-related deaths
Share to Twitter Share to Linkedin When LVMH purchased Scottish whisky distillery Glenmorangie in 2004, for a cool for £300 million ($362 million), it didn’t seem entirely in-line with the company’s portfolio. While the Moët Hennessy empire was already packed with many award-winning and respected liquids, Glenmorangie felt a tad, well, traditional, in comparison. And it showed in the numbers; profits fell as the blended companies found their flow—only to be lifted after a minor rebrand in 2007. The company introduced a new, curvaceous shape to set the brand apart from other scotches on the market, positioning itself as a premium and international brand. And the rest, as they say, is history. Thanks to savvy marketeering and growing consumer interest in whisky, The Glenmorangie Company recorded its best-ever sales performance at the start of the year, revealed plans to invest “tens of millions of pounds" per year to ensure it meets demand from … [Read more...] about Why Glenmorangie Rebranded