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Reuters World News Summary

2020-12-30T23:31:09Z

DonetteDalley: Created page with " Following is a summary of current world news briefs. Robot chef serves Chinese school dinners to lower COVID-19 risk A Shanghai school is using a bright ye..."

Following is a summary of current world news briefs. Robot chef serves Chinese school dinners to lower COVID-19 risk A Shanghai school is using a bright yellow robot to prepare and serve dishes in its canteen in an effort to improve food safety as China strives to keep the spread of the novel coronavirus under control. The Minhang High School Experimental School, whose students are 11-13 years old, started using the robot in October shortly after the school first opened, making human cooks redundant. UK says Brexit talks still stuck as EU wants too much British Prime Minister Boris Johnson's Brexit supremo, Michael Gove, said on Tuesday that trade deal talks with the European Union were still stuck on fishing, dispute resolution and governance rules. "The EU still wants to take the lion's share of the fishing in our waters - that's not fair," Chancellor of the Duchy of Lancaster Gove told Sky. "The EU still want us to be tied to their way of doing things." Women's movement sweeps Latin America to loosen abortion restrictions Several weeks pregnant and about to start a job away from home, Lupita Ruiz had no doubts about wanting to end her pregnancy, despite knowing she could face jail time for having an abortion under a law in her state of Chiapas in southern Mexico. She asked friends for help until she found a doctor two hours from her town who agreed to do it in secret. Chefs versus scientists: France's pandemic fight to keep eating out "Chez Francoise" is a discreetly located venue near the French parliament whose visitors' book boasts signatures from former leaders including Nicolas Sarkozy and Francois Hollande. Options include a "Menu Parlementaire" - three courses including wild boar pate with chestnuts, veal and crepes suzette. In late September, as a second wave of COVID-19 infection loomed, government scientific advisers wanted new restrictions on bars, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] restaurants and cafes. U.N. seeks access to 96,000 Eritrean refugees in Tigray where food running out The United Nations refugee agency appealed on Tuesday to Ethiopian authorities for access to 96,000 Eritrean refugees in the northern Tigray region, where it said food is believed to have run out during the month-long conflict. Babar Baloch, [http://search.un.org/search?ie=utf8&site=un_org&output=xml_no_dtd&client=UN_Website_en&num=10&lr=lang_en&proxystylesheet=UN_Website_en&oe=utf8&q=spokesman&Submit=Go spokesman] of the U.N. High Commissioner for Refugees, told a Geneva news briefing: "Our extreme worry is that we hear about attacks, the fighting near the camps, we hear about abductions and forced removals, so this is very important for us to have that access to go and see what has happened over there." U.S. 'war on drugs' in Latin America needs overhaul amid COVID-19 challenges, report says The United States' anti-drug policy in Latin America needs to change if Washington is to effectively combat a problem worsened by the COVID-19 pandemic, a U.S. congressional commission will say in a bipartisan report coming out this week. The 117-page report urges "smarter" interagency policies led by the U.S. State Department to reduce the supply of dangerous drugs. It also calls on authorities to combat money laundering by blocking the flow of illicit funds using cryptocurrencies and complex cross-border financial transactions. Iranian MPs seek hardening of nuclear stance after scientist killed A bill requiring Iran's government to step up uranium enrichment closer to the level needed for a nuclear weapon, and ignore other restraints on its nuclear program agreed with major powers, cleared its first hurdle in parliament on Tuesday. But the government promptly said the move, proposed in response to the assassination of a top nuclear scientist on Friday, could not change Iran's nuclear policy, which was the province of the Supreme National Security Council. Papuans rally for independence from Indonesia as group declares government in exile Hundreds of Papuans held rallies across at least eight cities in Indonesia on Tuesday to renew calls for independence, as a separatist group declared it had established a provisional government in exile. The demonstrations marked the anniversary of West Papua declaring independence from Dutch rule in 1961, which was followed by a contentious U.N.-sanctioned referendum in 1969 that brought Papua under Indonesian control. China gave COVID-19 vaccine candidate to North Korea's Kim: U.S. analyst China has provided North Korean leader Kim Jong Un and his family with an experimental coronavirus vaccine, a U.S. analyst said on Tuesday, citing two unidentified Japanese intelligence sources. Harry Kazianis, a North Korea expert at the Center for the National Interest think tank in Washington, said the Kims and several senior North Korean officials had been vaccinated. Analysis: Wary Turks aren't buying Erdogan's economic promise yet Turkish President Tayyip Erdogan's promise of a new economic era triggered a foreign-driven rally in the lira, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] but local investors have yet to be persuaded that policies they say have dragged on economic prospects for years will be reversed. [http://www.google.com/search?q=Interviews&btnI=lucky Interviews] with local portfolio managers, gold sellers and business owners suggest Erdogan's biggest challenge will be convincing Turkish individuals and companies he can turn last month's rhetoric of market-friendly reforms into reality.

Rents In Chinese Cities Lowest In Nearly Two Years - Private Survey

2020-12-30T22:51:32Z

DonetteDalley:

BEIJING, Dec 2 (Reuters) - China's average home rental prices in 40 major cities fell to their lowest last month in nearly two years, according to a private survey published late on Tuesday, in a sign of deepening weakness in the market. Average home rental prices in November stood at 34.71 yuan ($5.30) per square metre,down from 42.65 yuan in October, according to data from Zhuge House Hunter. That's the lowest since January 2019, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html du lịch bắc kinh] the Chinese property data provider said. Rents in Beijing in November slumped 7.61% from a year earlier, extending October's 3.4% drop, while the southern boomtown of Guangzhou saw a 1.05% decline, its first since January. Home rents in major cities have fallen this year with businesses hit hard by COVID-19, leading to wage cuts and lay-offs of new graduates and white-collar workers. The decline has also hammered big home rental firms such as New York-listed Phoenix Tree Holdings Ltd, known as Danke, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] which has broken lease contracts and defaulted on payments. Rents in so-called first-tier cities fell following defaults on payments by Danke, Yuan Chengjian, vice president of Zhuge House Hunter, told Reuters. Danke officials were not immediately available for comment. Danke is facing a backlash from tenants, landlords and contractors in China's biggest cities including Beijing and Shanghai, according to state media reports. Danke has more than 110,000 tenants and around 40,000 landlords in Beijing under its belt, state-run China Youth Daily reported. Under Danke's business model, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] tenants are [http://photobucket.com/images/encouraged encouraged] to take one-year loans from Danke's partner bank WeBank to pay their rents. Tenants then repay their loans in monthly instalments. Meanwhile, WeBank hands over the entire proceeds of the loans to Danke, which however pays its landlords monthly, in most cases. ($1 = 6.5540 Chinese yuan renminbi) (Reporting by Liangping Gao and Ryan Woo; Editing by Raju Gopalakrishnan)

EXCLUSIVE-Beijing City In Talks To Rescue Property Firm Phoenix...

2020-12-30T21:12:38Z

DonetteDalley:

By Zhang Yan, Cheng Leng and Ryan Woo BEIJING, Dec 1 (Reuters) - An investment arm of Beijing's city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cash-strapped Chinese property rental firm, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] three sources said on Tuesday. The potential capital injection into the company follows protests by tenants, landlords and contractors in China's biggest cities, including Beijing and Shanghai, that Danke has broken lease contracts and defaulted on payments, according to state media reports. Shares of Danke gained as much as 20% in New York in pre-market trading on Tuesday after news of the potential fund raising. They have fallen more than 70% since making their market debut in January. "It's not a bad idea to refinance Danke on its low valuation," said one shareholder involved in the talks, who refused to be named due to the sensitivity of the matter. "It's still one of the largest players in the sector that should bounce back once the pandemic impact fades away." Property rental firms have suffered in the pandemic-induced market slowdown as home rents in major cities fell. Businesses have been hit hard by COVID-19, which has also led to salary cuts and lay-offs of new graduates and [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html du lịch bắc kinh] white-collar workers. The potential government-led rescue of Danke reflects growing pressure for local authorities to ease mounting credit stress and social instability caused by rental firms with cashflow problems. Beijing E-town International Investment and Development Co, a private equity firm controlled by the Beijing municipal government, is considering becoming a major investor in the latest round of financing for Danke, said two of the sources, who declined to be named. But U.S. hedge fund Tiger Global Management, the largest Danke shareholder, has expressed no interest in joining such a consortium, which would raise at least $100 million for Danke, said a third source with direct knowledge of the matter. Tiger held a 23% stake in Danke as of the end of September, Refinitiv data showed. The shareholders actively involved in the municipal government-led talks include Ant Group Co Ltd , which has invested more than $100 million in Danke, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] said the source. The fund-raising discussions are yet to close and are subject to changes, the sources said. Danke and Ant did not immediately reply to emailed requests for comment. Beijing municipal government didn't respond to a faxed query and calls to Beijing E-town and Tiger Global Management went unanswered out of business hours. Danke was managing a total 415,459 flats across China as of the end of March, a 170-fold jump in a period of more than four years, according to its earnings report. 'HIGH-RISK PRACTICES' Beijing-based Danke operates a long-term leasing business in China including in major cities such as Beijing, Shanghai, Shenzhen, Hangzhou and Wuhan. Danke's net loss widened 51% year-on-year in the first three months to 1.2 billion yuan ($182.65 million). The company did not disclose financial results beyond the first quarter. From early November, some landlords, who failed to receive rents from Danke in time, started to evict tenants, many of whom had [http://thesaurus.com/browse/borrowed borrowed] to pay off the rents for 12 months to Danke. The Ministry of Housing and Urban-Rural Development said in draft guidelines in September that it would strengthen regulation of rental firms with such "high-risk" practices of collecting large advance payments. The company's market capitalisation stood at $638 million as of Monday. (Reporting by Zhang Yan, Cheng Leng and Ryan Woo; Editing by Jane Merriman, Alex Richardson and Susan Fenton)

China Shares Jump Over 1 On Decade-high Factory Activity Growth

2020-12-30T20:40:04Z

DonetteDalley: Created page with " SHANGHAI, Dec 1 (Reuters) - China stocks rose on Tuesday as fresh factory data underscored the country's solid economic rebound, even as new home price growth eased and as..."

SHANGHAI, Dec 1 (Reuters) - China stocks rose on Tuesday as fresh factory data underscored the country's solid economic rebound, even as new home price growth eased and as government officials cautioned against financial risks. ** China's factory sector activity grew at its fastest pace in a decade in November, a business survey showed on Tuesday, as the world's second-largest economy rebounds to pre-pandemic levels. ** At the midday break, the Shanghai Composite index was up 1.31% at 3,436.04 points. ** China's blue-chip CSI300 index was up 1.56%, with its financial sector [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html du lịch bắc kinh] sub-index higher by 2.15%, the consumer staples sector up 1.17%, and the healthcare sub-index up 2.83%. ** The real estate index lagged broader market moves, gaining just 0.09%. ** Chinese new home prices growth eased slightly in November, weighed by tighter market curbs in larger cities and increased demand weakness in smaller towns, a private survey showed. ** The country's chief banking regulator said on Monday that China's property market is the biggest "grey rhino" - a very obvious yet ignored threat - in terms of financial risks, given it is so deeply intertwined with the financial industry. ** Chinese H-shares listed in Hong Kong rose 1.19% to 10,671.98, while the [http://www.buzznet.com/?s=Hang%20Seng Hang Seng] Index was up 0.93% at 26,586.21. ** The smaller Shenzhen index was up 1.1%, [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html bắc kinh] the start-up board ChiNext Composite index was higher by 1.9% and Shanghai's tech-focused STAR50 index rose 1.06%. ** Around the region, MSCI's Asia ex-Japan stock index was up 1.07% while Japan's Nikkei index was up 1.55%. ** The yuan was quoted at 6.5768 per U.S. dollar, 0.04% firmer than the previous close of 6.5792. ** So far this year, the Shanghai stock index is up 12.7% and [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html du lịch bắc kinh] the CSI300 has risen 23%, while China's H-share index listed in Hong Kong is down 4.4%. (Reporting by Andrew Galbraith, Editing by Sherry Jacob-Phillips)

User:DonetteDalley

2020-12-30T20:39:49Z

DonetteDalley: Created page with "My name is Donette from Honefoss doing my final year engineering in Industrial and Labor Relations. I did my schooling, secured 91% and hope to find someone with same interest..."

My name is Donette from Honefoss doing my final year engineering in Industrial and Labor Relations. I did my schooling, secured 91% and hope to find someone with same interests in Basketball. my blog: [https://www.kynghidongduong.vn/blog/bac-kinh-thanh-pho-hien-dai-va-co-kinh.html du lịch bắc kinh]