World

Covid’s Next Economic Crisis: Developing-Nation Debt
World

Covid’s Next Economic Crisis: Developing-Nation Debt

Zambia took on debt to revamp a railway to Victoria Falls. AFP Zambia was once a model in Wall Street's rush to issue debt for the world's poorest nations, attracting bigger orders and lower interest rates than some more-developed countries. Less than a decade later, the Southern African nation is straining to pay back more than $11 billion in loans. The world is gearing up for a battle over developing-country debt like few it has seen before. Rich and poor countries are at loggerheads with private investors that, over the past decade, replaced governments as the biggest creditors to emerging markets. Zambia looks set to become a case study in the clash over how to ease the debt load of developing countries that were ill-prepared for the financial pain inflicted by the coronavirus pand...
‘It took a pandemic for the country to see what was already broken.’ New report offers economic recovery plan with feminist spin
Business, World

‘It took a pandemic for the country to see what was already broken.’ New report offers economic recovery plan with feminist spin

From a women’s rights perspective, 2020 was supposed to be the year the world would reflect upon all the ways gender equality had advanced in the 25 years since the Beijing Declaration and Platform for Action, a groundbreaking conference that outlined bold feminist strategies to remove barriers to equality. Instead, this year risks witnessing all those gains unravel, say the authors of a new report released Tuesday. “It took a pandemic for the country to see what was already broken,” write the authors of the report titled A Feminist Economic Recovery Plan for Canada. COVID-19 has claimed more than half a million lives and affected at least 16 million people around the world. Another serious repercussion is the toll it exacted on the millions of already marginalized without even infecting
China reports spike as global cases pass 16m
World

China reports spike as global cases pass 16m

China reports spike as global cases pass 16m China is conducting mass testing in the northeast port city of Dalian after a fresh cluster of cases. (AFP photo) BEIJING: China on Monday reported its highest number of coronavirus cases in three months, part of a worrying swell of second and third-wave infections that are hitting Asia and Europe. Australia has been rocked by its deadliest surge since the start of the pandemic, Hong Kong is experiencing record daily numbers and Spain's caseload has tripled in the last fortnight. Meanwhile, other regions are still battling their first waves after never getting the virus under control: the US alone has recorded almost 4.23 million cases of COVID-19, while infections in Latin America and the Caribbean surged on Sunday to briefly overtake North...
WHAUP to see healthier figures in second half
Business, World

WHAUP to see healthier figures in second half

WHAUP to see healthier figures in second half SET-listed WHA Utilities and Power (WHAUP) expects to rack up more revenue in the second half after lower earnings in the first six months, when the utilities and water segments were hit by drought. From January to June, revenue dropped 10.7% year-on-year to 834.2 million baht, mainly due to lower utilities sales at industrial estates. "Revenue from water business fell 12.7% year-on-year to 813.6 million baht, while earnings from power plummeted 616% to 20.6 million baht," said WHAUP chief executive Niphon Bundechanan. Unusually low rainfall prompted the government to ask industrial estates to reduce water use by 10%. But the situation improved with the start of the rainy season, and Mr Niphon expects businesses to return to their normal o...
Harris’ dual identities challenge America’s race labels
World

Harris’ dual identities challenge America’s race labels

It was just 20 years ago that the U.S. census began to allow Americans to identify as more than one race. And now, the country is on the threshold of seeing the name of Kamala Harris -- proud daughter of a Jamaican father and Indian mother -- on the national ballot. Harris’ historic nomination for vice-president on the Democratic ticket is challenging America’s emphasis on identity and labels. While her dual heritage represents several slices of the multicultural and multiracial experience, many have puzzled over how to define her — an issue people of diverse backgrounds have long had to navigate. Harris has long incorporated both sides of her parentage in her public persona, but also has been steadfast in claiming her Black identity, saying her mother -- the biggest influence on her li
Asia Today: Philippine capital’s virus lockdown to be eased
Asia, Singapore, World

Asia Today: Philippine capital’s virus lockdown to be eased

MANILA, Philippines - Philippine President Rodrigo Duterte has decided to ease a mild coronavirus lockdown in the capital and four outlying provinces to further reopen the country’s battered economy despite having the most reported infections in Southeast Asia. Most businesses, including shopping malls and dine-in restaurants, and church services will be allowed to partially resume on Wednesday with masks and social distancing required. Duterte shifted metropolitan Manila and the nearby provinces of Bulacan, Cavite, Laguna and Rizal, a region of about 25 million people, back to a mild lockdown two weeks ago after groups of doctors warned that hospitals were being overwhelmed again by COVID-19 patients and pleaded for a “time out.” The Philippines has reported more than 164,000 cases, in
Vulnerable eastern China areas evacuated ahead of typhoon
World

Vulnerable eastern China areas evacuated ahead of typhoon

BEIJING - Vulnerable coastal areas were being evacuated and fishing boats recalled to port before a typhoon was expected to bring heavy rains to eastern China late Monday as much of the country is still recovering from unusually summer heavy flooding. Typhoon Hagupit had gusts of up to 90 kilometres (56 miles) per hour at its centre and was moving northwest at 25 kilometres (16 miles) per hour. China’s National Meteorological Center said Hagupit is expected to come ashore between Zhejiang and Fujian provinces. Shanghai is expected to feel the effects. Ferry services and some trains have been suspended and 4,481 passengers were taken off boats in waters off the Zhejiang coastal cities of Wenzhou and Tanzhou. In Fujian, coastal fisheries were evacuated, tourist spots were closed and cons
The bully pulpit: Trump pushes Washington, but virus resists
Politics, World

The bully pulpit: Trump pushes Washington, but virus resists

WASHINGTON - His face framed by the golden Oval Office curtains behind him, President Donald Trump stared straight into the camera aimed at the Resolute Desk. It was the night of March 11, 2020. And Trump’s presidency would be forever changed. Trump, whose improbable election ripped up the rules of American politics, had spent three-plus years defying history and orthodoxy in a chaotic spectacle that dominated the national discourse and fervently engaged both sides of a bitterly divided country. And now, essentially for the first time, he was confronted by a crisis that was not of his own making. It was the kind of test presidents inevitably must face, and Trump responded with trademark certitude. “The virus will not have a chance against us,” Trump told Americans that night. Five mon
Aids test kits to be handed out for free
World

Aids test kits to be handed out for free

2,000 HIV/Aids test kits to be handed out for free Thailand plans to offer 2,000 free HIV/Aids test kits to vulnerable groups in a bid to meet its ambitious goal to reduce the infection rate in the country by 90% by 2030. The kits are dubbed the "HIV Self-Test" (HIVST), which is part of a project conducted by the Department of Disease Control (DDC) under the Ministry of Public Health. The DDC is studying access to HIV/Aids treatment for patients in Thailand. The scheme is part of the national strategy to eradicate HIV/Aids from 2017 to 2030. "Quick access to medical treatment is the best way to control the disease and limit the number of deaths and disease transmissions," Suwannachai Wattanayingcharoenchai, director-general of the DDC, said. "Yet one of the hurdles is that the testing ...
Repairman charged with murder of Singapore businessman’s wife
Business, Singapore, World

Repairman charged with murder of Singapore businessman’s wife

Repairman charged with murder of Singapore businessman's wife Suspect Theeraphol Duangkrathok, 26. Arrested on Thursday and charged with stabbing to death a 29-year-old woman, a wife of a Singaporean businessman, at her house in Nakhon Ratchasima on Tuesday afternoon. (Photo: Prasit Tangprasert) NAKHON RATCHASIMA: An air-conditioning repairman was arrested on Thursday and charged with stabbing to death the Thai wife of a Singaporean businessman at her house in Muang district. Police found Theeraphol Duangkrathok, 26, of Chaiyaphum province, hiding in a rough shelter in a paddy field in Nong Bunmak district. The suspect allegedly confessed to having killed Natrika Shibahara, 29, at her two-storey house in Muang district of this northeastern province on Tuesday afternoon. The woman was ...