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Shippers experiment with wind, battery power to navigate tough new rules to combat their role in global warming

Shipping companies in Europe and Japan are looking to their past – the wind and the sun – as they anticipate new regulations designed to reduce greenhouse gas emissions.The shipping industry is estimated to account for three per cent of all greenhouse gas emissions. What was once considered a very dirty business is beginning to imagine a much cleaner future. In April 2018, the IMO adopted targets to reduce greenhouse gas emissions in the shipping industry by at least 50 per cent in 2050… Source link

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China 

China braces for tough second half of 2019 as focus on domestic economy increases

Bracing for more expected economic headwinds in the second half of the year, Chinese officials from across the spectrum have stepped up their focus to play up the potential strength of the domestic economy to counter increasing downward pressure on growth indicated by a series of recent negative indicators.In the quarterly economic meeting of China’s top leadership chaired by Chinese President Xi Jinping on Tuesday, the Politburo urged officials to raise their sense of “anxiety awareness” and… Source link

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Can ex-Huawei executive help ByteDance crack the tough smartphone market?

Diehard fans of short video app TikTok – known as Douyin in mainland China – may soon have a new smartphone option tailored to their streaming lifestyle.Seven months after ByteDance acquired patents from Chinese niche phone maker Smartisan, the developer of the ubiquitous TikTok is now one step closer to launching its own smartphone.A company spokeswoman on Monday confirmed a report in the country’s financial news outlet Caijing about the ongoing development, adding that the new phone is “a… Source link

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Singapore 

Get tough on sex predators in schools: MP Tin Pei Ling, Singapore News

Tin Pei Ling suggests stiffer penalties as a deterrent as Aware reveals cases involving educators rose from two in 2016 to six last year As more cases of educators sexually abusing children come to light, an MP has called for tougher penalties to deter such predators. “My sense is that the penalty must match the severity of the crime and serve as a deterrent,” said MacPherson MP Tin Pei Ling. “The problem is that such cases involve children, so we cannot name and shame the perpetrator,” she added. The Association…

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Chinese builders face a tough choice: sacrifice profit now to generate cash or wait for better times

Chinese developers are increasingly being forced to sell their new units at losses, or close to cost, in order to get buyers into their showrooms and generate cash, amid a clampdown on financing that forms part of the government’s campaign to pare back debt.The huge discounts involved have been drawing hoards of potential buyers, who have in turn shunned more expensive lived-in homes and new units that are charging market rates.Yanlord Riverbay, a project in downtown Chengdu by Singaporean… Source link

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Vietnam 

Rice exports face tough time amid huge global supply – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Farmers harvesting rice in the Mekong Delta. Photo english.vietnamnet.vn HCM CITY — With an abundant global supply and high inventory in major exporting countries, Việt Nam is expected to struggle to secure exports of rice in the second half of the year, speakers said at a conference held in HCM City on Monday. Trần Quốc Khánh, deputy minister of Industry and Trade, said that Việt Nam’s rice exports in the first half of the year experienced great challenges due to a drop in demand from major importers.  Except for the Philippines,…

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Stocks Blog: Traders face fresh tough tariff threat from Trump

Good morning, traders. Overnight, “Tariff Man” Donald Trump had a lot to say about … you guessed it — tariffs. The US president said his Chinese counterpart– whom he lavish praise on — better show up to talk at the G20 meeting later this month in Japan or he will go through with his latest batch of tariffs on Chinese goods immediately. He said China will make a deal because “they’re going to have to.” We will be watching markets closely for you. Please send any questions you have for…

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Vietnam 

The flower trade is blooming tough – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News LÂM ĐỒNG – Despite being renowned for high quality flowers, Lâm Đồng Province still faces problems such as poor storage and lack of new, high quality seeds that hinder its ability to satisfy domestic demand. Lâm Đồng is the largest flower producer in Việt Nam, supplying three billion branches per year, or 50 per cent of the country’s output, accounting for 40 per cent of the country’s flower growing area. The province’s net houses and glasshouses, which improve flower growing, cover a total of…

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Singapore 

Tough laws needed to tackle hate speech as online platforms are not doing enough: Shanmugam, Singapore News

SINGAPORE – The Christchurch terror attacks are a reminder that tough laws are needed to curb the spread of hate speech which is not being tackled adequately by big online tech companies and platforms, said Home Affairs and Law Minister K. Shanmugam on Tuesday (Mar 19). He also disclosed that he will be tabling a motion in Parliament to discuss hate speech and race and religious relations sometime in early April. “We will have a debate in Parliament on structuring race relations and our approach to it… (We will) have…

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Why the yuan will rise, even though China faces a ‘tough economic battle’ in 2019

Lowering the goal for growth in China’s economy earlier this month, Premier Li Keqiang warned of a “tough economic battle ahead”. Only last week, figures showed that Chinese industrial output for the first two months of 2019 hit a 17-year low. It would be easy for investors to be downbeat on China and the yuan, but that might be a costly error. Admittedly, the timing of the Lunar New Year holiday is likely to have distorted the industrial output data, yet it is undeniable that China’s economy… Source link

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