Global 

African swine fever: ‘not enough pork in the whole world’ to fill China’s supply gap

There is not enough pork in “the whole world combined” to fill the potential supply shortfall that will hit China later this year, market analysts have warned.Pork exporting countries around the world are scrambling to fill the supply gap in China as an African swine fever epidemic sweeps across the country.Financial services firm Rabobank estimates that China could lose up to 200 million pigs to disease or slaughter during the epidemic, almost three times the pig population in the United… Source link

Read More
Vietnam 

Đồng Tháp surges ahead with GAP quality for fruits, innovative selling methods – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Farmer Võ Văn Nang hangs a board on a tree in his xoàn orange orchard in Cao Lãnh City’s Tân Thuận Đông Commune. It has the tree’s code and the name of the customer who bought its fruits for a period of one year. – VNA/VNS Photo Chương Đài   ĐỒNG THÁP – The Mekong Delta province of Đồng Tháp is encouraging farmers to grow more fruits to good agricultural practice (GAP) standards to improve incomes and sustainability.   It has more than 600ha of VietGAP- and GlobalGAP-standard…

Read More
China 

US-China trade war ‘still within control’, Beijing says, as trade gap widens due to soaring Chinese exports

The US-China trade war is “still within control”, said a Chinese government spokesman, as the country’s trade surplus widened significantly in March.Exports soared while imports crashed, new data released on Friday showed, with analysts pointing to the seasonal distortions of the Lunar New Year holiday, as well as possible Chinese government intervention in the economy.“The China-US trade frictions have caused certain impacts to the operations of Chinese companies, but we think the overall… Source link

Read More
Home 

Europe’s richest man Bernard Arnault is closing his wealth gap with Gates and Buffett as LVMH shares advance to a record

Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods.The Frenchman, whose fortune has increased by more than US$19 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than US$87 billion.LVMH shares rose as much as 4 per cent Thursday to €342.80, the highest level since the stock was listed in October… Source link

Read More
Home 

Hong Kong’s monetary authority steps in for the second time in a week to prop up the local dollar as interest rate gap widens

Hong Kong’s de facto central bank has stepped into the foreign exchange market for the second time in a week, spending HK$3.925 billion (US$500 million) in its latest outing to prop up the local currency and keep it within the limits of a trading band with the US dollar.The local currency changed hands on Wednesday morning at 7.8498 per dollar, hovering near the 7.8500 lower limit of a trading band introduced in 2005. The interventions this week will reduce the city’s aggregate balance of… Source link

Read More
Home 

Hong Kong’s monetary authority sells US dollars to prop up local currency, the first intervention since August 2018 as rate gap widened

Hong Kong’s monetary authority has sold HK$1.5 billion (US$191 million) of US dollars in the foreign-exchange market to prop up the local currency’s value against the greenback, the first intervention by the city’s de facto cental bank since August 2018.The move, undertaken through the “weak-side convertibility undertaking (CU),” was triggered when the local currency touched 7.8500 per dollar, the lower limit of a trading band in place since May 2005. The aggregate balance of Hong Kong’s… Source link

Read More
Home 

Chinese women earn a fifth less than men and the gap is widening fast, survey by online recruiter Boss Zhipin finds

Chairman Mao Zedong, the late Chinese leader, famously said women could “hold up half the sky” as he advocated equal pay for both genders. Almost half a century later it seems his vision is still a long way from fruition.The average Chinese working woman earns about a fifth less than the average man, according to a survey by online recruiter Boss Zhipin – and the disparity is rapidly getting wider.The average monthly salary for women in China is 6,497 yuan (US$970), 78.2 per cent of a man’s… Source link

Read More
Home 

Pony.ai and Baidu still lag the likes of Waymo in US tests but the gap is narrowing in autonomous driving

Although China has strong hopes for autonomous driving and has beaten Apple in some areas, its leading company still lags Google’s self-driving unit Waymo in US engagement tests. According to data disclosed in an annual report by the California Department of Motor Vehicles on Wednesday, drivers disengaged the autonomous driving mode on Apple’s test cars once almost every mile on average, making it one of the worst performers over a 12-month period through November, 2018. Apple did not immediately respond to an emailed request for comment on its metrics in…

Read More
Money 

China’s wealth gap widens as more than half of its provinces missed growth targets

China’s economic development gap is widening with tougher times looming after more than half of its provinces missed their economic growth targets last year and the effects of the trade war with the US taking a toll on the domestic economy. Seventeen of 31 Chinese provincial-level divisions failed to meet their gross domestic product growth rate goals in a year where the national economy expanded at 6.6 per cent, its slowest pace in 28 years, according to a review of local annual economic reports by the South China Morning Post.…

Read More