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19d06/23

India Boosts U.S. LPG Imports to Record High

Despite higher prices, India is set to import the biggest ever volumes of liquefied petroleum gas (LPG) from the United States in June as it seeks to replace still-constrained supply from the Middle East. India is estimated to receive between 1.1 million and 1.2 million tons of America’s LPG this month, Indian refining sources told Reuters on Tuesday. These would be a record high, and nearly double the 648,300 tons of LPG from the U.S. imported in May, as per Kpler data cited by Reuters. India’s

◇ unclassifiedmiddle-east · russia · usa
19d06/23

Europe’s EV Boom Accelerates as Chinese Brands Gain Ground

Electric vehicle sales, increasingly featuring Chinese vehicles, led an overall increase in car sales in Europe last month, with gasoline and diesel cars booking declines amid higher prices at the pump. Car registrations, as reported by the European Automobile Manufacturers’ Association, gained 3.6% in May, with the sales increase over the first five months of the year at 4.5%, Reuters reported. Earlier figures, released by E-Mobility and New Automotive, showed a strong, 34% annual increase in E

◇ unclassifiedmiddle-east · russia · usa
19d06/23

US tops Philippine tourism market, propelled by strong ties, even stronger dollar

The US has overtaken South Korea as the Philippines’ top source of foreign tourists this year, helped by diaspora travel and closer ties between the long-time allies, giving Manila a boost as it tries to close the gap with more popular destinations in Southeast Asia. Figures from the Philippines’ Department of Tourism (DOT) showed that between January and May, 531,859 visitors came from the US, while 501,789 were from South Korea – comprising 19.4 per cent and 18.3 per cent of the total tourism.

◇ unclassifiedchina · asia · korea
19d06/23⚠ shipping-routes · 3/5

UK Has Enough Electricity for Winter Despite Energy Market Turmoil

The UK will have sufficient electricity supply this winter despite the Strait of Hormuz crisis, NESO, the country’s grid operator, said today. “While we will continue to monitor global energy markets, households and businesses can be confident that electricity supplies remain secure,” NESO’s head of whole energy system resilience, Deborah Petterson, said in a statement, as quoted by Reuters. The UK has, in recent years, become increasingly dependent on imported oil and gas as several successive

◇ unclassifiedmiddle-east · russia · usa
19d06/23⚠ war-conflict · 1/5

If the federal government abolishes mini-jobs, people will work illegally, rigorously

Normally I don't care much about the ideas the federal government pumps out, but in my opinion what they have now promised cannot be surpassed in terms of stupidity. The mini-job is the only thing that keeps many, many people in their regular, registered employment relationships. Anyone who earns €603 in a mini-job would have to pay up to €130 to the state every month, which affects 6.8 million workers - that's what every headline says, so far, so bad. There are

Social◇ unclassifiedgermany · india
19d06/23⚠ war-conflict · 3/5

Chinese scientists create battery that works comfortably way above water’s boiling point

Chinese scientists have developed a tiny, ceramic-based lithium-ion battery that can withstand extreme heat, offering a safer power source for smart sensors, aerospace gadgets and military applications. Unlike flammable traditional lithium-ion batteries, this rechargeable solid-state battery operates stably up to 150 degrees Celsius (302 degrees Fahrenheit) and can withstand brief thermal shocks of up to 300 degrees Celsius without compromising performance. The Tsinghua University-led team said.

◇ unclassifiedchina · asia
20d06/23⚠ sanctions · 3/5

Oil Prices Continue to Slide as Peace Talks Progress

Crude oil prices extended their decline today, with Brent crude sliding to $77.51 per barrel at the time of writing, and West Texas Intermediate at $73.62 per barrel, on reports that the United States and Iran were making progress in their peace talks. The latest updates from the negotiations table include a report that the United States will waive sanctions on Iran’s oil industry for the 60-day duration of the cessation of hostilities agreed earlier this month. The two parties also agreed on a

◇ unclassifiedmiddle-east · russia · usa
20d06/23⚠ war-conflict · 1/5

Anyone who takes precautions is stupid

In itself, taking precautions and putting something aside for a rainy day makes sense, but in Germany you will be punished for it. Let's assume you and your neighbor earn the same, but you save 10% of your salary, while your neighbor throws everything out the window for consumption. Regardless of whether you are in need of nursing care or lose your job and cannot find anything new for a long time, you have to pay for it yourself with your assets, while your neighbor, who could also have saved, is borne by the state (too

Social◇ unclassifiedgermany · europe
20d06/23

EU and Hong Kong in talks on new financial services dialogue, envoy says

Senior officials from the European Union and Hong Kong are in talks to launch a financial services dialogue, with companies from the bloc keen to explore opportunities in the Northern Metropolis, its top representative in the city has said. Ambassador Harvey Rouse, head of the EU Office in Hong Kong, made the remarks at the Greenway 2026 forum on Tuesday, where he highlighted opportunities for cooperation on sustainable innovation and the green transition. In a keynote address, Rouse said Hong..

◇ unclassifiedchina · asia · europe
20d06/23⚠ war-conflict · 3/5

From paint to petrol bombs: Malaysian loan sharks get more brazen

Victims of violent acts and threats by loan sharks have been urged to come forward under a nationwide initiative led by the Malaysian Chinese Association’s Public Services and Complaints Department. MCA chief Michael Chong said the party’s youth and women’s wings have also been roped in to collect data and provide aid to loan shark victims. “Throwing paint at homes is now considered lenient, as we are seeing loan sharks throwing petrol bombs. They are getting rampant with no regard for the law..

◇ unclassifiedchina · asia
20d06/23

Hong Kong needs visionaries to run Kai Tak Cruise Terminal: Rosanna Law

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong’s next Kai Tak Cruise Terminal operator must be “very visionary” and do far more than simply manage cruise berthing operations, the city’s tourism minister has said, revealing that prospective bidders sought extra time to work on their proposals before the government...

◇ unclassifiedchina · asia
20d06/23

How Hong Kong plans to tap popular films, historic buildings to lure tourists

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong will build on the popularity of the old Yau Ma Tei police station exhibition by developing more heritage attractions that combine historic buildings with cultural experiences, the tourism chief has said, identifying Haw Par Mansion as one of the city’s next major...

◇ unclassifiedchina · asia
20d06/23

Competing for tourists? Then Hong Kong must be ‘bigger and better’: Rosanna Law

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead. Hong Kong should focus on becoming “bigger and better”, rather than expecting neighbouring cities such as Shenzhen to “stand still”, the city’s tourism chief has said, as the government prepares its first five-year plan and seeks to raise the sector’s contribution to the...

◇ unclassifiedchina · asia · usa
20d06/23⚠ war-conflict · 2/5

Why South Korea’s AI chip boom is a ‘serious concern’ for its economy

South Korea’s AI-driven semiconductor boom has sent exports, corporate profits and stock prices to record highs, but a senior policymaker has warned that the windfall could fuel property speculation and deepen inequality if its gains remain narrowly concentrated. “Looking solely at the numbers, it is something to cheer about. However, strangely, a corner of my heart feels heavy,” Kim Yong-beom, chief of the Presidential Policy Office and one of South Korea’s most senior economic policymakers,...

◇ unclassifiedchina · asia · korea
20d06/23⚠ war-conflict · 3/5

How Many Barrels of Oil Do AI Data Centers Consume on a Daily Basis?

Back in 2017, we did the math to figure out how much oil it takes to mine a single Bitcoin. The answer then was about 20 barrels of oil equivalent per coin. Today it's closer to 500. The Bitcoin network now draws somewhere between 138 and 175 terawatt-hours a year, depending on whose model you trust… Split across the roughly 164,000 coins minted annually since the last halving, that lands at around 500 barrels of oil equivalent at today’s prices per Bitcoin, and past 600 on the higher estimates.

◇ unclassifiedmiddle-east · russia · usa
20d06/22⚠ war-conflict · 3/5

Half-Open, Half-Closed Strait of Hormuz Baffles Oil Markets

Oil prices have continued to whipsaw since the U.S. and Iran announced last week signed a deal to make a deal as traffic through the Strait of Hormuz is anything but straight and not expected to normalize within days. Contradictory messaging from Iran and the United States on the navigability of the chokepoint have intensified during the weekend amid a difficult start to the (delayed) talks in Switzerland. Shippers and insurers, who were already very cautious about returning to the Persian Gulf

◇ unclassifiedmiddle-east · russia · usa
20d06/22

Trump criticises UK’s Starmer after PM announces resignation

US President Donald Trump criticised outgoing British Prime Minister Keir Starmer on Monday after the Labour leader announced he would resign, saying he had “really hurt himself” over energy, immigration and his handling of relations with Washington. “I think he’s a lovely man,” Trump told reporters at an Oval Office event, before accusing Starmer of mishandling Britain’s energy policy by failing to exploit North Sea oil and allowing “windmills all over the place”. “The UK buys much of its...

◇ unclassifiedchina · asia · usa
20d06/22

Global EV Industry Faces Outsized Risk From Cobalt Supply Disruptions

Back in 2020, the electric vehicle sector witnessed a major evolutionary change after leading EV makers started using cobalt-free batteries at scale. Back then, Tesla Inc. (NASDAQ:TSLA) officially shifted to Lithium Iron Phosphate (LFP) for its standard-range vehicles while its leading Chinese rival, BYD Company (OTCPK:BYDDF), introduced its famous "Blade" batteries, triggering mass adoption of LFP batteries for electric vehicles by other automakers. LFP batteries have helped EV manufacturers to

◇ unclassifiedmiddle-east · russia · usa
20d06/22

Can Quad break China’s mineral monopoly amid US-India rift?

The US strike on an oil tanker in the Gulf of Oman earlier this month did more than kill three Indian sailors and severely undercut US-India relations. It has also cast further doubt on the unity of the Quad, an informal bloc made up of the United States, Japan, Australia and India, and the group’s ambitious agenda aimed at loosening China’s dominant grip on critical minerals. Despite the persistent US-India fissures that could slow down the Quad’s momentum, however, a counter-unifying force may

◇ unclassifiedchina · asia · usa
20d06/22

Would you take the financial risk?

I would like to hear your honest opinion because I'm at the point where I can no longer objectively assess what the right decision would be. Briefly about my situation: W, over 30 - First management role, directly in middle management - Approx. €107,000 annual salary (part-time) - Around 3 hours of commuting time per working day No home office - 24/7 operation with a lot of responsibility, very mentally and physically demanding - After almost a year, still no real connection to my colleague

Social◇ unclassifiedgermany · europe
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