39 Burst results for "Asia Pacific"
Fresh "Asia Pacific" from Bloomberg Daybreak Europe
"From pubic European headquarters here in London I'm Caroline Hepburn with this Bloomberg radio business flash U.S. and European stock futures are in the red U.S. stock 50 futures down three tenths of 1%. This is after European shares closed higher 3.1% yesterday, the biggest one day gain since March after bond yields fell yesterday, why was that? It was effectively bets on a less aggressive fed after a drop in U.S. manufacturing data and U.S. job openings, but the fed's daily and Jefferson have poured cold water on any idea of a pivot and so this morning you see potentially that's why you've got a pullback in risk assets, U.S. bond yields ashi are flat on the ten year 360 three right now, the ruby dollar spot index this morning is up by a tenth of 1%. The Euro down a tenth at 99 73 Sterling, dropping three tenths of 1% at one 1437, as for Asia though you've got something of a catch up there because of the significant jump higher that we saw in the S&P 500 over two days and so you've got positivity, for example, in Hong Kong tech shares, MSCI Asia Pacific index is up by 2%. Also, we're watching out for Tesco reporting its interim results today, Britain's biggest retailer, margins will be under pressure, food price inflation is soaring and just lastly all prices ahead of OPEC, $86 36 for WTI crude features. That's your Bloomberg radio business flash now usually I guarantee with the rest of our top stories highly un. Caroline good morning and thank you, Elon Musk has revived his bid to buy Twitter the original price of $54 and 20 cents a share. The move backtracks on his effort to quit the deal and potentially avoids a contentious courtroom fight, confirming a Bloomberg report Musk made the proposal in a letter to Twitter on Monday, according to a filing with the U.S. SEC. Twitter shares find 22% after that news broke. Now Liz truss will close a Conservative Party conference with a promise of a New Britain for the new era, while defending her first few weeks in office, it's been a week of U turns and one cabinet minister accusing some MPs of a coup, but her top teams broadly united behind the prime minister who will voice her support of the Chancellor's plan to boost growth. And finally, eating within set times is good for shift workers according to new research in a study firefighters working 24 hour shifts reduce their bad cholesterol and also blood pressure by eating within a ten hour window
Fresh update on "asia pacific" discussed on Bloomberg Law
"He's endorsed, no word yet from Disney, that company controls the rights to The Simpsons. Black Panther director Ryan coogler says he almost quit filmmaking after the death of actor Chadwick Boseman. He died in 2020 after a four year fight with colon cancer that he hid from the public. Coogler said after thinking back on conversations he had with Boseman, he decided it made the most sense to keep going. I'm Brian schuch. And I'm Brian Curtis in Hong Kong. Let's get you caught up on this hour's top business stories and the markets. Asian equities are moving higher, some investors see central banks slowing the pace of rate hikes, others see this strong two day move as another bear market rally that will eventually fail. The Hangzhou index has come back from holiday yesterday in his trading up 4.4%. I'll have more on the markets in a moment. On Central Bank action, the reserve bank of New Zealand raised interest rates by a half a percentage point for a 5th straight meeting. The rbn zed said corp consumer price inflation is too high and labor resources are scarce. And the bank of Korea's deputy governor said that South Korea's inflation levels are expected to maintain out of 5 to 6% level for a considerable period of time. Micron Technology says it plans to invest as much as $100 billion to build a factory near Syracuse New York. It will be the largest semiconductor facility built in the United States. Here's micron CEO Sanjay mojo on the new plant. This comes in conjunction with the investment that we had announced in Boise a few weeks ago, but leading edge memory manufacturing fab there as well. And the two together with help us bring our domestic production to 40% by the end of the decade versus 10% currently. The new factory will generate about 50,000 jobs in New York State. Emerson Electric is in talks with Blackstone to sell at least part of its commercial and residential solutions business. According to sources, a deal could be valued at between 5 to $10 billion. Let's check the markets here in the Asia Pacific, the hanxi index up four and a half percent, the nikkei up three tenths of 1%. The Cosby has rallied about two tenths of 1%. Dollar yen, one 44 21, the yield on the ten year treasury 3.61%. Global news 24 hours a day, I'm Brian Curtis in Hong Kong. This is Bloomberg
Fresh update on "asia pacific" discussed on Bloomberg Daybreak Asia
"The meeting tomorrow in Vienna, OPEC plus is considering its biggest production cut since at least 2020 is it tries to stabilize oil prices. We are told the cuts being considered could be as much as 2 million barrels a day. Meantime Ukraine's counter strikes against the Russian army seem to be gathering momentum The New York Times saying earlier, a brigade of Ukrainian marine appears to have expelled, Russian forces from a town in southern Ukraine. Iranian forces bombarded opposition bases in the semi autonomous Kurdistan region of Iraq, Tehran has been blaming Kurdish groups for fomenting some of the protests in Iran over the last three weeks or so. Stateside former president Trump is seeking intervention from the U.S. Supreme Court in the fight over government papers seized at his Mar-a-Lago home. Trump is asking the justices to block the FBI from using 100 documents with classified markings in an ongoing criminal investigation, well now the Supreme Court wants a response from the DoJ one week from today. That's a quick look at global news headlines Juliet. Thank you, Doug. Let's get back to chichen Sith Asia Pacific equity strategist at Nomura joining us from Singapore and I know we want to pick up on what you were talking about in terms of some of the headwinds for the global economy I suspect some of these investors might be actually tempted to take profits in this rally. As I said, the challenging part would be for hedge funds or short term macro guys who really have to catch these rallies. There's a room for underperformance is really low. We're looking very closely at OPEC plus considering their biggest production cuts since 2020 and whether or not that reduction will actually have an impact on actual supplies. Do you think that it will be enough rather to revive the oil rally? Yes. To be honest, I don't have strong views there, whether people are speculating around 2 million barrels of production cut whether it will be enough to move oil prices higher because I think there are lots of crosscurrents for oil. One is clearly what happens with China zero COVID strategy going forward. And then really global issues like the recession in the west. So what would be interesting is let's say if you do see oil prices go up and sustain a higher level, that could be another kind of headwind for Asian equities, specifically the big nickel quarters in Asia. Of course, you mentioned you don't have that strong of views on that, but you were mentioning before the break that what you'd need to see to turn more positive. Could you finish those thoughts? Well, so for me, the moderation definition is we see core CPI month on month and or core PC month on month around 0.2% for let's say at least two to three data points consecutive
Fresh update on "asia pacific" discussed on Bloomberg Daybreak Asia
"Pivot, not a day. That's the hope. Yeah, that's the hope. Okay, we'll continue in a moment, Michael Michael kino president and portfolio manager of the permanent portfolio family of funds. And just looking into markets here in terms of future Asia Pacific, Australian futures at 1.6% for nikkei future's 27,165 a modest bounce. Burden LLP accountants and advisers presents industry chat with Jeff Kovacs, partner and head of the technology and life sciences practice. Software is a service or sales companies are transforming the enterprise software industry to reach
UN: 50 million people lived in 'modern slavery' last year
"I Mike Gracia reporting a United Nations agency says 50 million people lived in modern slavery last year A new report estimates some 50 million people worldwide were living in modern slavery at the end of last year That marked a 25% increase over the previous report 5 years ago The international labor organization the UN's international organization for migration and the walk free foundation reported Monday 28 million people were living in forced labor and 22 million were enforced marriages at the end of 2021 Two thirds of all forced marriages were found in the Asia Pacific region the world's most populous region but the highest number per CAPiTA was in Arab countries I'm Mike
Russia and China slam NATO after alliance raises alarm
"China's expressed major concerns over NATO's tenure strategic concept seeing it wrongly defines China as a threat to global stability Speaking to reporters in Beijing the Chinese government spokesman says the strategic concept smears China's foreign policy makes irresponsible remarks on China's normal military development and defense policy and his site's confrontation and antagonism describing NATO as a systemic challenge warns of the blocks attempt to export the Cold War mentality and replicate block confrontation in the Asia Pacific region I'm Charles De
"asia pacific" Discussed on Between The Lines
"The U.S. president this week visited Tokyo and it was there at a press conference where he again tripped over the U.S. commitment to a one China policy and strategic ambiguity on Taiwan. When Joe Biden was asked whether the U.S. would get involved militarily to defend Taiwan from a hostile Beijing, President Biden answered with a distinctly unambiguous yes. To understand more of what that means and how that news would have gone down in Beijing, I'm joined by Richard McGregor from the Lowery institute, Richard, thanks so much for joining us. Hi there. Now I should say The White House, of course, scrambled to clarify there'd been no actual change in policy on Taiwan, but I do think this is the third time is it that President Biden has misspoken in quotation marks on Taiwan. How do you interpret what happened? Well, I still think we're trying to get to the bottom of it. I mean, as you say, this is about the third time that President Biden has done that. The first time it might be a gaffe after that one starts to wonder. I mean, the issue lying behind this is America's Taiwan policy. Now for years, the U.S. has had a policy as you mentioned called strategic ambiguity. And that means they don't say whether or not they're going to defend Taiwan from a possible Chinese attack. Keep them guessing, in other words, and successive presence presidents have followed that. Not only that, when some prominent foreign policy commentators in America argued recently that the U.S. should abandon that policy, President Biden sent out his senior White House officials like Kirk Campbell at the National Security Council and told them to shut it down and to reaffirm that policy. And yet when Biden himself is asked about this issue, he keeps just coming out and saying, yes, we will. Defend Taiwan. And there's another reason for it, by the way. One reason is the sort of keep China guessing argument even though I think China knows pretty well that America probably would be there. But the other argument in favor of the policy is to not let Taiwan itself backslide. In other words, if the Taiwanese think, oh gosh, the Americans will buy us out. They won't do anything for their right in their own defense. And Washington doesn't want that either. So that's the reason for the policy. Whether President Biden has dumped it gap after gap by gaff. Remains to be seen, but it certainly seems that way. Is it unsettling for Beijing to hear these repeated gas if they are in fact that? I don't think so. I think what is annoying for Beijing is that they claim that Washington is gradually changing all manner of its Taiwan policy, sending higher level delegations there, sending more senior marines and the like to train the Taiwanese changing the wording of the Taiwan policy, although not necessarily the meaning on the State Department website. And this is just another part of what they think is the U.S. creeping away from the one China policy. I don't know whether that's really true, but it certainly is trying to change the dynamics of the Taiwan issue a little bit. Isn't there a question of consistency to to go very big picture while Joe Biden is trying to drum up support for Ukraine and trying to ensure that there are there's at least a defensive posture from NATO and from the U.S. and other allies a toured protecting and defending Ukraine against Moscow. Then presumably the Taiwanese could also be saying to Washington listen, you'd do the same for us, wouldn't you? Yes, I guess so. But in some ways, the U.S. is already doing for Taiwan. What it does for Ukraine because it's not directly intervening in Ukraine. It's supplying it with weapons. And that's precisely what the U.S. does with Taiwan. In fact, it's required to do that by law, the so called Taiwan relations act. So that they're kind of already doing that. And I think the Biden have been approached to Ukraine is to avoid a superpower war. And in fact, in the case of Taiwan, they appear to be doing the opposite, you know, engaging or reading for a clash with China. So I think that's the way in which it's inconsistent. And I guess if Beijing is looking to sort of read the runes on this or at least understand this new American president's mood on Taiwan and China's place in the Pacific, they may also be looking at things like Joe Biden's kind of new collective of nations that doesn't a club that neither China nor Taiwan is invited. The indo Pacific economic framework for prosperity as it's called. I mean, Biden is very much very overtly strengthening East Asian ties that don't include ties with Beijing. Yes, well, that's right. And as you say, this new economic plan they've got also not include Taiwan, even though Taiwan is part of apec, for example. It's there as a custom identity or an economy. But I think the indo Pacific economic framework, which has just been announced. Is about strengthening U.S. relations in Asia, but it's particularly about trying to the U.S. and Asia is heavily military weighted, overweighted, China is by far the biggest economic player. In the region, it's by far the biggest trade player and the U.S. is being constantly told by countries like Australia that they have to have re weight their presence in the region as well. But hence this strategy announced this week, but it's kind of difficult for the U.S. because that strategy sounds fantastic, but it includes no goodies for Asian countries. There's no extra market access to the U.S. included in it because of course U.S. Congress these days in the era of Donald Trump simply won't accept opening their markets any further. So it's a kind of grand gesture, but it's left a lot of people, I think, underwhelmed. You could also suggest that the Chinese are engaging in some theater of their own at the moment. The Chinese foreign minister is on this ten day long tour through the Pacific beginning with the solomons, but with multiple other stops. How consequential is this? You know, I think it's a really big deal actually. And with anything the Chinese do, there is a lot of theater in it. Much like Chinese yield new year letting our crackers in the street to gain attention and the like. So they're definitely doing that. But it's a big deal in other ways as well because I mean, China has been in the Pacific for some time. Really, I guess, with its foot forward since about 2006 or so. But you know, it's done stuff like it's builds roads, it builds soccer stadiums. It builds buildings for governments in the region and the like. Nearly always, but by lending them money. But this is altogether qualitatively differently because one year the Chinese foreigners is going there trying to sign the deal on security issues, data issues, cyber issues, so it's a real step up from the sort of classic development aid and support that China had been giving the Pacific countries to something which is much more political. And frankly, much more, I think, unsettling for Pacific nations as well. So we'll know by the end of it, how many nations have actually.
"asia pacific" Discussed on Between The Lines
"Or improved accountability? I think there is improved accountability in some local communities. There are a number of big city police departments that have really taken reform on quite a bit. President Biden this week is also announced different ways to add accountability for police forces. So I do think there's been some progress. But like everything in the United States, it's very much a patchwork degree of reform. There are some police departments that have not changed at all. There are some departments that are probably worse than they were then that are simply flying under the radar. But there are also places that I think have really taken this reckoning that the country was going through and tried to apply it in their communities. It's hard to sort of find that in the statistics, but according to our reporters on the ground and other people who live in some of these communities who I know, there is some progress being made. But as President Biden has said, it's very slow. It's very incremental. And for most people, it's very, very frustrating because they want to see more. It's been quite the kind of political introduction to the presidency for the Joe Biden, hasn't it. I suppose for this first act, race, guns, abortion rights, three touchstone issues in American politics have all been simmering away. To what extent do you think those issues will come into play in the midterms in November of course primaries that are happening, people are gearing up for those already. Yeah, it's a really good question. It's very hard to tell. I mean, as is the case in Australia in any country, voters, memories tend to be short. So it's hard to know in May, whether or not when they go to the polls in November, these will be the issues that resonate. You know, there are economic issues that are continual, there are issues of race that are continual. So some of these things probably will be bubbling up. But it's really kind of hard to tell what will happen in November. But we do know so far from the primaries, though, is that there does seem to be a little bit more moderation than might have been expected. There are a handful of candidates who president Trump clearly endorsed and wanted to win, who did not win their primary cases. And so we're seeing an election sort of shape up that has some real hot button races in which it's going to be very closely fought between a Democrat and a Republican who maybe did not choose to side with president Trump. And we have some cases where there are candidates who are favored on that far right wing who may who at this point maybe your thought their long shots, but lots of people thought president Trump would be a long shot too. Watching the Liberal Party post election here and the kind of debate and discussion that's happening about which direction the Liberal Party should take in opposition should it dive further to the right and address those culture wars kinds of issues head on or should I pull back to the center. It's very reminiscent isn't it of the Republicans post Trump? Do you have any kind of any reflections on that in comparative terms? Yeah, I don't know. One of the things that I think is interesting about the Australian system is because of compulsory voting. The potential risks of going further to the right are far more significant because you have to appeal not just to your base, but to a wider swath of the electorate. So there's a greater risk of electoral loss for the Liberal Party to go further to the right than there is for the American Republican Party. For the American Republicans, they can rally their base in districts where they've drawn the lines around the districts, and they can still win. And so that's in part, the system and frankly in the United States is increasingly encouraging more extremism on both sides. Whereas Australia still has a system, I think, that there's more incentives to move back to the middle. But that doesn't necessarily mean that's what they are going to want to do or what they're going to choose to do. For many conservatives in the anglosphere, there's this feeling that that sort of grievance politics that Trump won on is something that is a bigger is a very big proportion of the electorate in Australia and England and other places. And so they very well made bet that that's the path back to victory. And, you know, who knows, it's possible that they're right. But it seems like a much bigger risk in Australia than it does in the United States. Damien, thank you. That's been quite the tour through American issues and politics and Australia as well, but really appreciate you joining us..
"asia pacific" Discussed on Bloomberg Radio New York
"Portfolio We're seeing mixed markets here in the Asia Pacific This is where you get it We're still struggling with these worries over the slower growth scenario Bloomberg daybreak Asia Tonight at 6 eastern Let's head over to Hong Kong for a market check On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com This is balance of power on Bloomberg television and radio I'm David Weston Now keeping up to date with news from around the world here's the first word with Mark crumpton David thank you U.S. Secretary of State Antony Blinken is calling on the Kremlin to reject a Duma backed resolution calling on Russian president Vladimir Putin to recognize separatist entities in eastern Ukraine Secretary blinken says the measure would be quote a gross violation of international law that would break Russia's commitments under the Minsk agreements Secretary of Lincoln says the U.S. and its allies would have a quote swift and firm response if the resolution is enacted White House chief medical adviser doctor Anthony Fauci is sounding an optimistic tone Speaking at a briefing today Doctor Fauci said the dynamics of the COVID-19 outbreak in the United States are pointing sharply downward and NBC is reporting that the Centers for Disease Control is expected to loosen its indoor masking guidelines as early as next week Europe is gradually leaving pandemic restrictions behind Germany is set to become the latest in the region to unwind regulations that have disrupted life for two years Switzerland will scrap almost all pandemic related rules as of tomorrow including the need for COVID documentation to enter the country Austria and the Netherlands have announced similar steps In Canada's capital police are warning demonstrators camped out on the streets that they must leave immediately or be subject to arrest That's under new emergency powers invoked by prime minister Justin Trudeau and Ontario's provincial government The warning delivered today on flyers handed out in the protest zone reflects a more aggressive approach by law enforcement after Ottawa police chief Peter slowly resigned on Tuesday Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and over 120 countries by Mark crumpton this is Bloomberg David Thank you so much Mark.
"asia pacific" Discussed on Bloomberg Radio New York
"Hi everybody 47 minutes past the hour we have the market share record rower here on the show and in fact all throughout the day on Cooper radio Asian stocks are edging higher but it's a little bit of a standoff here The MSCI Asia Pacific index is off just a tenth of 1% The nikkei is dragging shares down across the region off about 6 tenths of a percent but the ASX 200 is up half a percent and we have gains in Seoul as well Cost me there up about a tenth of 1% In the United States we had a very strong inflation print of 7% and the only thing was that that was more or less expected and it was almost like the market expressed a sigh of relief that it wasn't worse So we saw during that session Tesla alphabet Microsoft caterpillar among the best performers And in fact every sector was higher in the U.S. except for healthcare and the Bloomberg commodity index jumped 1.6% Looking at that commodity index at the moment that is trading Let's see we've got a print here of one O 4.41 so up 1.61% The yield on the ten year treasury was up just a little and the dollar was down sharply so the yield on the tenure one 75 and the blue McDonald's spotted an extra down 6 tenths of a percent That was the worst day that suffered since last year in May Dolly in here one 1466 So that's kind of a snapshot of markets It's just still early We've got a lot more markets to go and the China futures in Hong Kong futures are sharply higher That's your look at markets It's time now for news At Baxter with the top stories making headlines all right thank you Brian U.S. says it is monitoring very carefully The China lockdowns and their effects on the supply chain They say so far the effects seem to be local in China but they are seeing global ripples so monitoring Russia U.S. NATO talks.
China Military Spending Surges, Larger Than South-East Asian Countries
"Now we have talked about Russia But there's an access of evil out there As they used to call the old access of evil of course but it's more than an access but nonetheless More than three countries But right now I'll distress Russia China and Iran And over breitbart here's a report China military spending surge Now 50% larger than India Japan Taiwan Southeast Asia combined Now that's frightening Because China has all of them in its target in its hair China's determined a match is aggressive military talk in Southeast Asia was spending Report by the Lowe institute in Australia Of course we're not going to get it for the center for American progress Most of the American media shows in 2021 it achieved just that as other reports indicate Beijing is looking to establish its first permanent military presence on the Atlantic Ocean a tiny Central African country of Ecuador Guiana According to the latest Asia power index China's military financial outlay is more than 50% bigger than the countries I've already mentioned to you In its annual report the U.S. remained the most powerful country in the Asia Pacific region with China coming in second place after steadily growing influence on the index in recent years
"asia pacific" Discussed on Bloomberg Radio New York
"From boom bugs European headquarters in the City of London and lower right with this Bloomberg radio business flash the MSCI Asia Pacific up 7 tenths of a percent the main story in the session right now is that RBA decision to end yield curve targets govern a low talking about genuine uncertainty over the first rate rise Oxford economics predicting 2023 will see that first rate hike Right now Aussie ten years yielding 1.880% down a basis point The Aussie is down 6 tenths of a percent against the dollar at a spot 747 5 handled In the Asian session right now things are turning increasingly bearish the Nikki two two 5 down a half of 8% The CSI 300 down one and a half percent news that Beijing is shutting a number of schools because of COVID concerns and the hang sank just dipped into negative territory thus despite a rebound in the NASDAQ golden China dragon index overnight rebounding 4% looking ahead to futures market You're a stock 50 futures down a tenth of a percent it's a heavy day of European earnings standard chartered BP and SME 500 features up a tenth of 8% U.S. benchmark ten year treasury yielding 1.551% iron or commodity feeling the most pain right now down 6% Singapore iron ore futures priced at $93 a ton That's the Bloomberg radio business flash here is Hannah dawn with the world who's morning Hannah Good morning Laura Brazil will sign the global methane pledge making it the second largest emitter after the U.S. to join an agreement to slash release of the gas 30% by.
Remarks by President Biden at the Annual US-ASEAN Summit - The White House
"President Joe Biden will address the annual summit of eighteen Asia Pacific nations known as the association of southeast Asian nations by video today the White House says Biden will re affirm U. S. support for ASEAN led regional architecture and discuss his vision for working together with allies and partners to address issues facing the Indo Pacific region it's the first time since twenty seventeen that a U. S. president is attending the summit yesterday Biden called the relationship the sensual after announcing a one hundred million dollar initiative to beef up engagement in the face of China's growth as a national security and economic adversary the funding covers health spending a new climate initiatives education and programs to bolster economic recovery I'm
"asia pacific" Discussed on The Economist: The Intelligence
"Pacific region dave remained central in the fight against covert australia. China taiwan new zealand all have maintained a zero kuban approach to keep case numbers to a minimum in the pandemics first year. Taiwan officially counted just a dozen deaths from covert nineteen new zealand. Just twenty-seven by that measure. These policies have been a success. But they were never going to be sustainable. In much of the world's they have no choice. Covert was circulating. They had to cope with it. Edward gar is economists deputy editor and overseas cova coverage in important countries in asia. They tempted to keep covy cases at an absolute zero so whenever a case came up they stomped in it. They sometimes shut things down. They did contact tracing. They shot their borders. No co vid cases was the rule. I it worked. Let's go back in time here. Why did so many places. In the asia pacific region adopt this approach in the first place. Well i think it's partly because some of them are islands so taiwan new zealand australia or very big island but they could therefore close their borders. I think the other reason is that they had experience of saws c. v. one view like the first of these krona viruses that have recently broken out and they knew kind of what this pandemic might entail so they were very very quick onto it and they had some of the plans in place. Do singapore's a good example of that. Hong kong and taiwan. And if it's been such a success than why get rid of it. I think the reason to reverse it now is the delta is so infectious and spread so easily that the mechanisms they use to try and tamp down the disease. Don't really work so you know australia. For instance is reporting something like fourteen thousand cases a week at that point. It's too late you can't return zero zero gone. The other reason. I think to abandon it is that there's now a vaccine and it's pretty clear that this disease is going to become endemic in other words it's going to be something that continues to circulate. You're not going to eliminate covered in the way that you've eliminated. Smallpox is going to be around the world. At some point. You have to face reality. This disease is going to start khanate and so countries that did try and keep the disease out altogether. Have to accept though sometime or another. They're going to have to live with it. You mentioned vaccines there. But weren't some of these countries slow to vaccinate their populations. I mean how do vaccination rates play into these decisions. Well i think they play in in two ways. The first is that vaccination is is the only way for these countries to achieve immunity. If you compare it with europe where you've had both vaccination and the disease circuit edging. You have those two sources of protection against the disease. But in these countries nature there has been no circulating virus. there's no immunity acquired through infection. So the only source of protection is vaccination. Well that's very worrying. Because if you have vaccination rates of i know something over eighty percent which is what you have in europe. You supplement that with all the cases of infection which means you gotta whole population immunity. That may be much higher office protection. There's one other effect. I think which is one of the incentives to be vaccinated is the threat of infection. What if you have virtually no cases in the country the incentive to be vaccinated is that much lower and certainly in some countries like australia. People said well. You know bit worried about this. Maybe bit risky. What i wait. And see if i really need a vaccine that means as of chicken and egg problem about getting vaccination rates higher enough in order to have been your borders but having no cases so you can't vaccination rates high enough and i think you're beginning to see that that chain broken in a country like australia which is reporting substantial cases now so thinking about countries in the region. How are they moving on from this zero code policies. What what sort of ways are they. Changing. what are you seeing. One country after another acknowledged that the game is up and the and the latest is new zealand Which on saturdays. I sort of mass vaccination day and kind of like a national celebration wherever supposed to go and be vaccinated and with only just over fifty almost fifty five percent of the population over twelve having had to vaccine new zealand. That's that's still a lot of people they've got to get done. Some countries like vietnam therapy something like sixteen percent of the population over twelve vaccine. So there's a long way to go and in those countries which are have very very low rates and may struggle to get hold of vaccine. You worry that in the end. This strategy is going to run out of road before people are vaccinated. You're going to see a lot of natural cases with all of the deaths and sickness that that entails and is any country sticking with zero covert idea so the standard cases china which is incredibly low number of cases something just over three hundred a week which is hardly any given the size of the population but has only still under half over twelve. Have been vaccinated with both doses. They are cling to this. Ah partly because now so much. Political capital is wrapped up in the idea that china just doesn't tolerate cases but this comes at a cost of closing your borders of clamping down on on inevitable cases when they arise not relying on contact tracing what they do is they shut down entire regions when there's an outbreak. And how long will it be until you get vaccination rates up high enough in order to begin to open up. I think it'll be a long time. There's one sort of thing on horizon which could act as the. If you like the end of this sarah covet strategy in china which is the olympic games coming up in beijing. The winter olympic. So that might be the time when they begin to relax. But it's an expensive strategy until then and what about the big picture here. How can countries in the region get back to normal starting from here. what is i think. It's a question of this combination of pushing up vaccination. I'm gradually opening and it's a difficult dance to do because this very infectious delta variant the chances of it just escaping and really taking off are always there. It's an iron isn't it. I mean this is erica. Strategies been unbelievably successful. It saved many many lives and and it's also being clear that the in economists like taiwan which had a successful zero credit strategies also went along with a successful economy because he didn't have to spend much time closed.
Battling Delta, New Zealand Abandons Its Zero-Covid Ambitions
"New zealand has lockdown essentially its entire country battling delta new zealand new york times abandons its zero cove ambitions. The country is changing core seven weeks into a lockdown that has failed to end the outbreak and tested. The patience of many residents for a year and a half new zealand is pursued a strategy of covert zero closing its borders and quickly enforcing lockdowns to keep the corona virus and check policy. It maintained even as other asia. Pacific countries transitioned to coexisting with the viral threat. On monday new zealand. gave in. that's two days ago. Prime minister cindy arden. Are dern acknowledged an end to the elimination strategy. Seven weeks into a lockdown that failed to halt. An outbreak of the delta variant announcing that restrictions would be gradually lifted in auckland the country's largest city we're transitioning from our current strategy into a new way of doing things. By the way sean. If you can find this prime minister of new zealand's comments that all truth comes from the government. I'd like to play that again. We're transitioning from our current strategy into a new way of doing things ms earn told reporters with delta. The return to zero is incredibly difficult and our restrictions alone are not enough to achieve that quickly in fact for this outbreak. It's clear that long periods of heavy restrictions has not got us two zero cases
"asia pacific" Discussed on Bloomberg Radio New York
"Wright says the Asia Pacific gets underway U.S. cash markets quite a massive pop there Doug where you are and looking at futures right now Slightly bit I see you have been up here Definitely a lot.
"asia pacific" Discussed on The World: Latest Edition
"Won't understand the maori kepa hopes. The songs are an introduction to the language. You've been simple. Greetings jota jota means good bye janey and acquire molly but iran needs a starting point but for many people. Lord singing in their language has brought up painful. History removal of the muddy language was used by colonizers too much allies isolate a brace disenfranchise mouthing from being mony kerry dell is in rural toria on new zealand's eastern coast. She researches the economic development of mary and other indigenous communities so whenever the body language as a topic as a school one because of the pain has been associated with strategic removal by the colonizers over indigenous communities. When del heard lords album she says she personally didn't feel much because she doesn't look to people like lord to engage in her maori identity. She turns to people like her mom. Henna to dell a former teacher who grew up during a time when the language was even less accepted than it is now for her part henna to dell hopes lord songs rise to the top of the charts anything that pushes language to another level. It's people's it allows discussion and with It's good to national badness it doesn't matter it's being discussed carried. Del agrees with her mom. Lords album will bring massive awareness to the language But she's not sure how much that awareness is actually needed. That's what i'm trying to endure a guy do. We made celebrity awareness for a language of at the stage. I believe this. Revitalization efforts have been ongoing for decades today only twenty percent of the maori population and three percent of all. Kiwis can speak it. According to a recent statement from the maori party my a week calling from waikiki island says the language continues to face an uphill and often racist battle as an indigenous person. She sometimes feels defensive. When non-maori celebrities insert themselves into the conversation. Because i see that this person in a privileged position will come and engage in our culture and then leave weeks stressed that she hopes lord will continue to stand with maori communities as they fight. Systemic racism across the board don't lit up a one time thing lit the start a journey stand with us. Uplift us listen to us. Because as an indigenous person it's painful going through the continued colonization. Curiel echoes this and says supporting. Mary communities has to go beyond supporting the language from her point of view. Lord singing and maori is not the main issue. The issue is yell. Occasion of limited resources limited energy or the expertise going in the direction of non mountain. As this conversation has unfolded online many people have been highlighting their own favourite maori musicians to dial generously gave me a private concert of a maori song. Yang she says the lyrics talk about cleansing. Your thoughts and body daughter kerry fondly added this the real modern pop song for the world. I'm being hillier joking aside. Let's end today. Show with a real maori pop song that came out earlier this month. horror which means east coast moon. It's a duet between two of today's biggest contemporary maori. Singers award winning musician o. Wipeout singing here with maisey. Rika a mom new maori pop song closes our.
"asia pacific" Discussed on The World: Latest Edition
"Pop popstar. Lord's new album. Solar power dropped a few weeks ago but now the new zealand singer has released some extra tracks. She's taken five songs from the album and translated them into maori. the indigenous language of new zealand. The released comes during maori-language week. Lord who is not married is receiving a wide range of reactions from the indigenous community. The world's bianca hillier reports hemi kelly was part of the team of maori people. Lord consulted for the project. He teaches the maori language at the auckland. University of technology and says the new songs are more of a rendition of the originals rather than a direct translation and solo. Paolo one of the lines is like unluck of jesus on come on you now follows the translate that let's lands into the it just wouldn't have the same meaning or fit but something like wildlife. He didn't wanna who's the ocean made them. The first thing kelly says he did was sit down with lord to get to know her and her attentions on the bushes in this whole movement. Is that the language be normalized. So that it sets alongside english here in all dead when resilient enough society in given the same recognition and the intentions of nolan aligned with those. That's the ep was created and guided by some of the most well-known maori leaders and all proceeds will go to organizations working to preserve new zealand's indigenous wildlife and history. These collaborations are important to era. Cape up a maori communication specialists roya. Although mongols seem a big thing she is a really big thing because sometimes shoes hip during the lack of consultation site to hear l. nights of time will cost too much wanna audience zealand. Huge language. kepa says the album leaves them feeling proud. His favorite song is the path translated to tr. tikka though many listeners.
"asia pacific" Discussed on The World: Latest Edition
"Priority for more canadian voters. I think the tension has grown polling is showing that climate is one of three. Maybe four top of mind issues for canadians. Kathryn harrison is a professor of political science at the university of british columbia focused on environmental policy. Canada's green party hasn't got a lot of support but harrison says all the major political parties have proposed relatively embellishing climate policies for the first time this election cycle even the conservative party which draws a lot of support from oil producing provinces the conservatives have included some real policy more regulation but. I'm very skeptical. That they would follow through with the level of ambition that it would take to meet their own target. The conservatives proposal is to cut emissions thirty percent by twenty thirty which isn't enough to me candidates commitments under the un climate accord. Proposals from the other. Major parties would get their prime minister. Justin trudeau's liberal party has set a target of forty plus percent. The new democrats smaller party target fifty percent the greens sixty percent climate advocate. Seth klein would like to see more ambition but says the range of plans do show progress. This debate has shifted to the point. That every major party feels they need to present a platform that they hope people will find. Credible chain will be hard practically and politically for any party. Canada's oil and gas actor has made up about five percent of gdp in recent years it's energy intensive work just production not the burning of the fuel represents a quarter of canada's carbon emissions on the campaign trail this month. Prime minister trudeau talked about investing in helping oil dependent regions transition. We will continue to work with workers across the country in the construction sector in the energy industry to transition to pivot to to improve the opportunities for them in their workplaces but also for their kids in their communities. Still in the same remarks. True talked about the oil industry like it's going to be around at least until twenty fifty even note. That's when the paris agreement dictates global emissions need to be brought down to net zero supporters of canada's oil industry. Argue that while oil demand continues better. The last barrels come from canada which tries to limit emissions from production than somewhere else. Trudeau's government argues. The proceeds will fund canada's own clean energy transition again environmental policy professor kathryn harrison standing line That the liberals have used. I think it is becoming more difficult to say. Because global ambitions increasing and because canada zone ambitions increasing ambition will have to transcend any political party for canada to reach targets set for dates. Twenty thirty or twenty fifty. Because it's unlikely one politician or even one party will remain in charge that entire time for the world. I'm jacobs in montreal. God spawned.
"asia pacific" Discussed on The World: Latest Edition
"Us. Everyone cannot go out. You cannot see. We just ask for a freedom and we didn't have the answer. What will happen to us. What's our feature roy. We are seeking here at this place. Asylum-seekers here also told me that a recent visit by a luthuania and member of parliament just made things worse off. The parliamentarian can be heard angrily venting at some of the men being for you. You have dangerous yet but the well of sympathy has not run dry in thuwaini ena ever chiller is a project manager for the catholic aid organisation caritas in a storeroom next to an imposing white church near the belorussian border. She sought through piles of banks of full of donated clothes of my country. Really sometimes i want to ask some questions because you know for us for three million is. It's not difficult to take about. Four thousand it's one school not not not not once. Maybe just you what's happened. The lithuanian government has announced. It will complete the wire fence on. Its border with belarus. Next year laws have been passed to allow mass detention rapid processing asylum and claims an expedited deportation agreements. Meanwhile for the young guy from somalia is far from shore. What comes next for him. When i asked him about the political spat between the three new in belarus. And how he feels caught in the middle is what.
"asia pacific" Discussed on The World: Latest Edition
"Their bunk account. No matter how much they have on there and only once a week and the queues are like kilometer long. How about your afghan colleagues male or female. Do they feel safe coming to work. While all asking man anti mel stats are coming. Back to work in the office in kabul we may have a who are staying at home because their families are not comfortable but like ninety eight percent are back in the office and we have reopened our field officers in the kabul informal settlements. Meaning where all the it piece are living in the outskirts of the city and are internally displaced persons. We have been able to real ben schools in some areas and there are still areas where taliban is not allowing our female staff to resume work. I'm without our female staff. He refused to open officers. Refused to resume activities. We've heard that. The offices of some international ngos have been broken into and trash and their supplies stolen. How concerned are you about that. Well that is very concerning. However is reassuring the ngo community that these are criminal elements and that they are in process of getting their functions in place. The taliban police are even saying to us that even for them this quick takeover was a surprise that we're expecting a more. Orderly handover so they have needed a few weeks to get sorted things out yesterday. The chief of the taliban police told ngos he was meeting. Got even have repossessed. Some vehicles that criminal elements had stolen and that they realize belong to ngos and they have ngos that missing of equal. Call this number and we will sort it out and return the only two year. So there's mixed messages. You mentioned taliban police. Do you and your staffers interact with taliban officials and footsoldiers on a daily basis. We see the foot soldiers at driving through town. Yes i do drive through town. And i go to and from the office and even go to see locations in kabul where we have services for internally displaced people but yesterday we had a meeting with the chief of the taliban police and the message was we wanted to look after you. We want to make sure your says. Tell us what you need. We want ngos to feed safety. Want to stay under. Never what is the level of need in afghanistan right now and what is able to be met by the few groups that are still on the ground there first of all. I believe that most of the ngos who left will soon return the un has its airbridge up and running and unexpecting a lot of Ngos resuming work in the weeks to come but the needs are staggering. It is a catastrophe. Somebody say that it's on the brink of catastrophe we are full head into it. More than one. Million children are at risk of dying. This winter from starvation eighteen million people are in need of humanitarian assistance. Veep public sector is about to collapse. Who will pay the salaries four public teachers or health workers in clinics and hospitals. These are questions that needs to be answered may needs to be answered fast. The situation is dire enough going afghanistan. What are the most dire needs in terms of humanitarian relief for afghanistan. Right now even now. Money doesn't help because the market is dwindling due to the famine crops. I mean forty percent of the crops is failing due to the drugs. There's not enough food in country needs to come either by airplanes or by land from neighboring countries. If food does not reach afghanistan people are going to stop to desk and in high numbers. In addition in a couple of months the winter will come and their minds degrees in kabul on in the northern part of the country people need shelter. people need blankets. People need winter clothes to themselves and to their children. They need firewood. They need wintry station assistance and they needed before the winter comes astroid. You described the situation in afghanistan as dire. What's an image that kind of lives with you in terms of what the dire situation really looks like every time the snow comes in november december. I travelled out to the cobble informal settlements. Because i then see children running around barefoot or in plastic slippers in slush in frozen water and snow. People are living under a tarpaulin or with makeshift walls made of cloth etcetera. And it's a good reminder for me why. I'm in this line of work and why i continue to work in afghanistan despite the somewhat cumbersome situation i was gonna ask why are you staying put in kabul. It's my duty. It's my job. I was actually out of the country when kabul fell on. I managed to get back on. I have no intention of leaving. The askins behind afghanistan needs says more than ever astronauts. Slayton is in kabul. She's the country director for the norwegian refugee council. Thank you very much for speaking with us. Thank you the small baltic nation. Lithuania doesn't usually receive many asylum seekers last year. Barely one hundred crossover over the country's eastern border to apply for asylum this summer more than four thousand have arrived. European leaders blamed neighboring belarus for orchestrating a refugee crisis in revenge for the eu slapping sanctions on the authoritarian leadership of russian. President alexander lukashenko but as andrew connolly reports from the lithuanian. Bela russian border. The reality is more complex. Little village of vedeno is in southeast into through ania. Close to the border with belarus on a basketball court in school building for us. There's.
"asia pacific" Discussed on The World: Latest Edition
"Decides what to give her family To be honest for me. The most important thing is an attrition You know how much nutrient are they getting from the at that. They actually take in. She says her three-year-old daughter is allergic to cow milk. So she's been exploring alternatives. She heard camel. Milk is low and lactose and super nutritious. But she says there's one thing her kids can't get over but they've tried camera. Malcolm there Yes it's really really good it just that they can't stand the smell of it. That spot it. Even the past staff has a distinct smell and taste to it. I asked bashir. Wassaw may from kulon cafe how he plans to convince reluctant or first time customers especially when the domestic market here in kenya is his priority. So whatever is your drink of choice whether as a child or a caramel kyoto. I would just say at camel to that or as where tommy likes to say cam. Allies it for the world. I'm holly mcgee condie in nairobi. You're listening to the world pop star. Lord is singing in the maori language. Five songs from her latest album which was just released. Its earning her praise and criticism. Do we need the liberty a winner for a language to survive. Hear the music for yourself coming up on the. I'm carol hills you're listening to the world. A co production of gbh npr x. With the taliban in control of afghanistan international humanitarian groups are gingerly finding their footing only a few aid groups still have their doors open in kabul astronauts. Slayton heads one of those offices. She's the norwegian refugee council country director. And she's in kabul estrin. What's your situation. At the moment i mean. Are you able to go to your office getting your car and drive around town and meet with people or is that just not feasible right now. The situation is actually not bad. In fact it's back to where it were a few weeks before kabul foul meaning traffic still horrible and all the shops are open. Perhaps with an exception few beauty shops fashion shops and people are going about their business as usual in town however the mood is very somber because a lot of people are awesome themselves. You know what is life going to be like in this new afghanistan. People are allowed to take out only two.
"asia pacific" Discussed on The World: Latest Edition
"Of whom used to cross to justify their anti immigration anti moslem Something that francis is actually against off now. The pope also made headlines on this trip when he said that priests should not refuse to give communion to politicians who support abortion rights now. President biden devout catholic who supports abortion rights and some have argued that he should not be given communion. What exactly did pope francis say about this. Who a student actually come out and say that you would deny communion mckee gave a very enormous response to the matter of giving communion to people such as the us senate he flat out refused to talk specifically about the case of the united states but he did however acknowledged that he himself had never denied comedian to anyone he did again. It was very newest along response to a very specific question. He did say that abortion as murder and when it comes to catholic church teaching on this is very clear and it's not bound to change. He'll say however that when it comes to politicians abortion should be dealt in pastoral way meaning in private between the pastor and the person involved. It's not a matter of open. Discussion pope francis had surgery in july. How his health seemed to be holding up on this trip a lot better than we had all anticipate at. We were expecting to see him on tire still recovering. Because that's what he said not two weeks ago talking to a group of catholic businessman however we saw a man ready to keep going and most awfully not ready to slow down which was very very interesting. What has health issue been. He had a major calling surgery on july fourth had thirteen inches of thirty three centimetres off his intestines removed. And we know he's still on education and we know he's still doing physical therapy to recover from his surgery however again he soon in perfect house. I have to say unhealthier than i was at the end of the trip. You know son. Martine is a reporter with crux an independent catholic new site. She's been following. Pope francis travels through europe. Thanks a lot. thank you. The dairy aisle of supermarkets show how expansive our appetite has become for all kinds of milk. Full-fat no fat almond oat soy even hemp milk but in kenya. The next big thing is camel. Milk the world. Africa correspondent halima..
"asia pacific" Discussed on The World: Latest Edition
"Always unable to talk because he was working when he did finally reach him. He was busy Ashley bussing about the makeshift hospital in the small town of pie on french. Polynesia's main of tahiti's tricking problem of bottle of oxygen thrown general practitioner with over four decades of experience paints a dire picture of the cova situation in french polynesia which has a population of some two hundred eighty thousand. Most of their nearly six hundred deaths throughout the whole pandemic have occurred in the last two months l. hell covered nine hundred cases. There have more than doubled since mid-july which thrown notes came on the heels of a trip by french president emmanuel macron. Back in june. I was sure that if we close the country everything will be alright. If we live the country often we would have the big big explosion so now we have a huge epitome was delta around. Says he's watching. Some eighty cove patients right now. Most of whom are elderly with the few hospitals in french polynesia practically full he cares for some patients outside of the hospital and some of them be telemedicine. French polynesia is after all a territory made up of one hundred eighteen islands and atolls spread across a swath of pacific the size of eastern europe and while perez has an aide many doctors and officials say. It's just not enough. We are still the oversea territory with the worst case of and here we all fall from receiving the same amount of aid than the french entails or guliani or ill other injuries. That's more time brotherston. He's a representative of french. Polynesia in the french parliament he says paris has only sent some one hundred twenty medical personnel there when they've sent hundreds so the french caribbean brotherston who caught covert last year says francis ignored his territories. Please for more nurses and doctors and more equipment like oxygen has a theory. Well to put it bluntly there are upcoming presidential elections for brazil mccone next year end. The potential voters is far greater in the french antilles any way neil then in french polynesia. Meanwhile he says confusing messages from paris about masks. Vaccines have fueled vaccine hesitancy and fake news. So defiance has set up though there is some vaccine hesitancy. Nearly forty percent of french polynesia's population have received vaccines all of which have come from france. Cr chevron is a press officer with francis ministry of the overseas he's every territory is different in martinique and guadeloupe. For example france is responsible for health services and you know the best civic duty theresa california and renisha where it's not our competence just this month new caledonia which lies nearly three thousand miles west of french. Polynesia went from having less than a hundred cases to over thirteen hundred cases the territory also has at least four deaths between the two bronze says. France has given over four hundred fifty thousand. Us dollars in state loans to help with the pandemic and economic rebound in french polynesia. Gibran says they're trying to balance the pandemic with the territory's tourism dependent economy. The borders be local authorities asked for and when we opened the borders and we saw that Creating we as local government to confined earlier but they decided to wait because they needed to have to raise the Gross still it's estimated the territory. Lawsom one point two billion dollars tourism revenue in twenty twenty for now health officials say french polynesia's kovic nineteen cases. Have plateaued by doctor. Jean-paul thrown predicts. Cases won't actually start to decline for another two or three weeks for the world. I'm ashley westerman. You're listening to the world. I'm carol hills. You're with the world. Pope francis wrapped up a four day visit to hungary and slovakia today during his trip the roman catholic pontiff warned against the dangers of closing borders and politicizing christianity in san martine is a reporter with crux an independent catholic news site. In as you've been following the pope's trip why did he visit hungary and slovakia. He visited hungary because he wanted to take bard on. What is the international Congress which is a big catholic given that takes place in different cities every two or three years and it has been happening for the past hundred fifty years. He was the first pope since trump all the second in the two thousand to take part and what he told us is that hungary was the door opening for him to go to slovak cat he told us journalists about wanting to just lock yes several times on the road and these was him finally fulfilling that promise. How was the pope received in both countries. Very well actually. I have to acknowledge olympic. Better than even what. I had expected particularly in hungary or there is this idea for conservative. Alice's sanity that clashes with the pope. How how're we so over. Henry thousand people attending.
"asia pacific" Discussed on ResearchPod
"Hello and welcome to research pot. Thank you for listening and joining us today. The field of psycho neuro immunology. The study of relationships between the nervous and immune systems has pioneered significant discoveries in areas like stress mindfulness ancient exercise and dietary interventions. The psycho neuro immunology research society peon..
U.S. stock futures mixed as market shrugs off inflation report
"Wall Street stocks close mostly higher in training Wednesday with decliners led by technology shares. The Dow Jones industrials gained 220 points. The NASDAQ lost 22. The S and P. 500 added. 10 U. S futures are flat and after hours trading, Asia Pacific markets are
TEST 2 Been able to do without those three minds coming together and solving a problem <Advertisement>
"Been able to do without those three minds coming together and solving a problem is one rather than solving it in isolation and jit New Jersey Institute of Technology Learn MORE AT N J I t dot e d u Broadcasting 24 hours a day at Bloomberg Com on the Bloomberg business APP and at Bloomberg Quick Take This is Bloomberg Radio. This is Bloomberg. Daybreak Europe. We expect economic activity to accelerate in the second half of this year, you could probably waiting until the autumn for a potential first adjustment. The national approach has been working when it comes to restrictions, the warning that there can't be a national recovery without a London recovery. This relationship between the US and the UK it's strong. It's got very, very deep roots. It'll stay strong. Bloomberg Daybreak Europe on Bloomberg Radio. Good morning from London. I'm Ana Edwards. And I'm Roger hearing in your listening to Daybreak. Europe live on London Digital radio, and we checked the markets for you every 15 minutes here on Bloomberg radio. So let's get straight to that, Shall we? European equity markets, then Roger up by 3/10 of 1%. Not so for the London market fairly flat, actually in London, but elsewhere. We're making some better gains on the major markets to the cat around up by 4/10 of a percent. This after tax up by an eight the first email also up by 2/10 of a percent, and, in fact, the IBEX now joining the footsie and being a little lackluster today, down by 1/10 of a percent over in Madrid, US futures point to something flats are positive up by around an 8% on E Minis, Dow futures and NASDAQ futures pointing higher by around 1/10 of a percent. The S E. Asia Pacific index entirely flat are not giving us a great deal of of momentum as we move into the European session but actually allowing the European session to reflect on to Sort of converging and divergent forces that we have driving things right now. On the one hand, there's a concern around clamp down on so called vice stocks in China that's weighing on the Hong Kong market. There's also concern about the spread of the delta variance in China, and we know the reaction function that that then could prompt from Chinese authorities. So there's concern about growth in China. All of that sounds pretty negative, but that rubs up against what's been a fairly solid earnings season. Four European corporate in a number of European companies upgrading their guidance. And even those in the sectors where they're concerned around Chip supply shortage the messages that they want to be able to produce more so there's a lot of positive narratives coming out of the earnings season. And that seems to be taking the limelight so European equity markets edging higher this morning at the oil price, recovering a little bit from some of its earlier weakness. 70 44 is where we trade on brands up 1/10 of a percent. The U. S 10 year yield. It was down as low as 1.13%, then moved a little higher on some comments that were perceived as a little more hawkish from Clara during the feds were 1 18 on the 10 year yield. Right now, the dollar flat to negative so down by around 10 per cent on the Dollar Index and the Bloomberg Dollar Index the pound little stronger on Bank of England today, Roger Well, speaking of the Bank of England, it is decision day today, and one question will be course which central banks going to be the first to the Taper Trigger? Will Bank of England policymakers seem likely to favour patients? Michael Saunders is set to be perhaps alone dissenting voice. They're calling for an immediate end to the bond buying program. Let's bring ourselves Up to speed because we can go straight to the bank outside the bank. In fact, Bloomberg's UK economy reporter Lizzie Burton joins us now, Lizzie Good morning and thanks for being with us. What are we expecting from the Bank of England today? The drugs are set to dominate. Today. We're expecting a unanimous vote to keep interest rates on hold at North 0.1% and I'm bond buying a 71 split with Michael Saunders. This time, as you say the sole dissenter in favor of ending stimulus early he'll take the hawkish man told that Chief
Biden in call with China's Xi raises human rights, trade
"President Joe Biden talks with Chinese president xi jin ping the White House says president Biden in his first call as president with Chinese president xi jin ping pressed him about trade and to crack down on democracy advocates in Hong Kong the administration says Biden also raised concerns about Beijing's coercive and unfair economic practices as well as human rights abuses against weaker and other ethnic minorities and China's actions towards Taiwan a senior administration official who spoke on condition of anonymity says Asia Pacific counterparts say they want a more purposeful and steady approach after former president Donald Trump sharp rhetoric aimed at allies an odd interactions with north Korean dictator Kim Jong moon timid wire Washington
Why Asia Is So Important to Crypto
"Recently wrote a report on asia's crypto landscape. Can you give us a broad overview of wyan. How asia is such an important geography in crypto. Yeah absolutely actually. My background is Traditional finance and i spent maybe about fifteen years Focus on equities in terms of all. The companies are all the countries in asia pacific. So i was always very well. Acquainted with the cultures and also the different politics than macro economic structures of the different countries. There was sometimes what. I take for granted in terms of understanding the market. I find that a lot of my colleagues or a lot of my friends in the us or europe might not necessarily know what's happening in asia. And so i think a couple of interesting pointers is that for example like you know by december last year. Forty two percent of the market cap of the top twenty tokens that actually had a headquarters. Basically was from asia. Think now says also said that forty three percent global transactions are from asia and then also a lot of all a lot of asian companies basically dominate. The future space so ninety. Eight percent of futures is based in asia. I think people don't understand that tether is based in asia. Polkadot has a lot of supporters in asia. And so a lot of tokens might have Yeah a lot of tournaments might see a lot of funding from asian investors in asian companies. Although i think the media mostly picks up you know. Us in europe and so this this report tries to cover some of the stuff that we might miss asia
SolarWinds Office 365 environment compromised
"Microsoft sees a rise in business email compromise attacks on schools. The company said it saw spike in email scams soliciting gift cards towards k. Through twelve schoolteachers. These emails could pose as friends or colleagues asking the teacher to purchase the gift cards using a combination of publicly available school and teacher information and free email services to generate the messages. According to microsoft's the same threat actors attempted similar schemes using covid nineteen related laws last year. Classy folks security researchers say. They've seen a rise in attacks for over a year with universities also increasingly targeted. Facebook takes a proactive stance after myanmar coup. According to an internal message from facebook's director of public policy in the asia pacific region rebel frankel the company outlined new steps to crack down on users trying to spread misinformation and meant further violence. The company has labeled myanmar a temporary high risk location for two weeks under which facebook will remove content that incites violence washington. Dc received a similar designation in the wake of the january sixth capital riots. The company pledged to protect post critical of the military coup and track accounts hacked or taken over by the military solar. Ceo says it's email systems. Were compromised for months. So the ones is still unraveling. How threat actors were able to compromise it. Software supply chain. The latest update comes from new. Ceo sunday car ramakrishna who disclosed in an interview. A few compromised email accounts were used as a beachhead to compromise. The company's broader office three sixty five environment this initial compromise dates back to december two thousand. Nineteen he furthered. The company is investigating if this was the initial entry of the attackers to its network. Or if it occurred earlier he also confirmed that solar winds was investigating a single report of a hacker adding the separate flaw using the reason attack on the national finance center. We reported on yesterday when it learned the larger supply chain attack. in december. three more solomon's vulnerabilities found security. Researchers at trust ray reported on three previously orion vulnerabilities which were originally reported to solar winds in december with patches issued this week the most serious was a remote code execution flaw that only required remote access allowing attackers using improperly installed microsoft messaging queue to send commands for a server to execute other two required local access with one allowing read write access to solar winds serve you. Ftp while the other prayed on insecurity start credentials to the orion local database
We Finally Know Exactly How Bad The Pandemic Has Been for Airline Pilots
"We see in plane and pilot magazine. We finally know exactly how bad the pandemic has been for. Airline pilots and the numbers here are pretty staggering and eliminating max indeed. I was really quite stunned to take a look and see. Just how bad things are. I mean we all know that the airlines have been hit disproportionately hard here during the pandemic that know some pilots have been out of work. This was a survey done by goose. Which is a pilot. Recruitment firm not for birds but for a and they found that nearly half of all pilots worldwide. Either looking for work or on furlough which was shocking to me. They said that thirty percent of the people surveyed were out of work and looking and other seventeen percents that they were furloughed awaiting further news and additional. Six percents said they were still employed with their airline. But we're doing non-flying works pretty stunning. Half half the pilots Basically out of work or looking for work in this comes from a survey of two thousand five hundred ninety eight pilots. This survey was open for four weeks just to kind of set. The timeframe in it closed october thirtieth twenty twenty and it was anonymous survey thirty questions and the survey was designed for pilots of all ranks. First officers second officers and cadets in some of the data in this is just really really fascinating and we'll have a link to the survey report which was done in conjunction with flake global. And a you just peruse some of this and find some really really interesting interesting things but By way of demographics of those almost twenty six hundred pilots forty-three percent of the respondents were in europe. Nineteen percent from the middle east and africa eighteen from asia pacific Twelve percent from north. America six percent from south america and two percent from china. So it's pretty Pretty global in the survey touches on things like pilot retention pilot job security employee engagement even Stress mental health wellbeing things like that so Some really really interesting statistics Couple of the ones that i like. Maybe if you guys saw some things that piqued your interest but one of the questions was when do you think aviation will make a full recovery to pre covid levels and not. Surprisingly only ten percent said up to one year the biggest spike was up to two years. Thirty four percent of the pilots thought up to two years but twenty eight percent up to three years and longer than that twelve percent four years. Ten percent five years and six percent said they thought it would never never be the same So that's the pilot's perspective. No one was. Do you think your mental health has been affected by the pandemic and here there is a direct correlation between the age of the pilot and the pursuit pilots that group in In how many of them thought that their mental health had been a acted for those pilots. Fifty five to sixty four years old thirty. Two percent thought their mental health had been affected for pilots forty five to fifty four years old but younger thirty six percent when we go down to thirty five to forty four year olds forty four percent of them thought. Their mental health has affected in the twenty five to thirty four year old group forty-nine percent and pilots under twenty four years old fifty eight percent of them thought their mental health had been affected by the pandemic so. I thought that was a really interesting result. I wasn't totally surprised by the The differences once. You mentioned the difference. I thought okay but it's the younger folks are having a tougher time. Think about someone who's twenty four years old this may be the first In a bad thing that's happened to them in their in their career folks are in their mid fifty s have probably gone through multiple things in the past and probably a better able to to ride through a downturn whereas you know young folks just not have that cushion of You know savings built up to right through. Its doesn't surprise me but still it's a large large number folks nearly six percent under a twenty-four saying mental health. Been impacted the the demographics of the respondents in terms of gender. Was you know the numbers are kind like the same numbers we've seen for a long time. Almost all male four percent female in one percent preferred not to say. I'm not sure why they would prefer not to say in. An anonymous survey but four percent identified themselves as female Which really kind of hope that that number would be coming up. Ron wouldn't when you're looking at programs With youth today. do you see more. young girls. Becoming interested involve is that number higher than four percent. I hope well Here were making a concerted effort to make sure it's higher than four percent Right now we're preparing for Air venture and we've got A program within the air venture program called girl venture We've also got One for adults named Women's sore And between those two we really want to invite women to get more involved and engaged in aviation and so We see a higher than i would say. Four percent level here
UN: Pandemic, surging food prices leave many in Asia hungry
"United Nations agencies or warning for more than three fifty million people in the Asia Pacific region a going hungry as the corona virus pandemic destroys jobs and pushes food prices higher the agency say the pandemic is making it difficult for one point nine billion people to afford healthier diets with the V. six hundred ninety million globally undernourished the largest share he's in southern Asian countries like Afghanistan the experts estimate an additional four hundred forty million people are likely to fall into extreme poverty in twenty twenty due to the impact of the virus and lockdowns disruption and job losses a preventing families from getting enough to eat in many places that's evident in the long lines seen on food banks even in the U. S. I'm Charles Taylor that's not
Artificial Intelligence and Digital Transformation at Rolls-Royce
"Welcome to the cyber-security weekly podcast. I'm jay leno podcasting from singapore today and today we are very privileged to have dr becky bengal who is the president of south east asia pacific and south korea at rose to join us in the podcast. He repeats sharing with us. The work in a digital transformation and the recent ai breakthrough in ethics and trustworthiness at ross writes thank. You thought the bengals for joining us in the podcast today to be here for many of our listeners. dr bandou rose. Rice name has a long lasting romance and history going back to the first car built more than one hundred years ago but the motos business was separated out some time ago in nine thousand nine hundred seventy three. I believe and rose rises. Now in the business of pioneering the power that matters so tell us more about the journey business. That rose is in today and your role as the president of south east asia pacific and south korea at rose rice. Well has been rooted in engineering since we established in eighteen. Eighty four and this expertise has evolved the business to become one of the world's leading industrial technology company that we today and as the president for the region covering southeast asia pacific and south korea. I'm responsible for the regional strategy our external relations and governance of all our operations across the three businesses that we have civil aerospace is one of them manufactures of ever engines for large commercial aircraft on our regional jets and business aviation and we have decades of engineering expertise to take us through life through life. Service and support solutions for customers in the defense were market-leading aero-engines for military transferring control labor's including combat helicopter applications. I'm needles and power systems. Where leading provider of high speed reciprocating engines providing complete propulsion systems distributed energy solutions. So you can say that we. We have a diverse but volume that includes civil defense and power system and it is because w that our activities have tremendous impact on the world today and tomorrow we have always pursued clean safe and competitive solutions and we believe our technology will be fundamental in helping society transition to the low carbon future. And we're not going to do this on our own. We're going to do this. In partnerships and global partnerships to collaborate and co create solutions and with the regional hub. That we have here in singapore. We've developed collaborations with government agencies untucked -demia like a star and anti eu and us to pursue advanced research and technology in daytime smart manufacturing electrical systems. You touch on engine. That paolo many other products across the road strikes businesses. And i believe including aircraft of course and i imagine that you have been collecting analyzing the performance data of your engines for that case and in fact i see from one of your rolls royce presentation that you have been collecting data for some seventy trillion data points across twenty-sixth dimensions on your engines. So i think our listeners will be interested to know how you been. Harnessing that power data to make sense of this of information and into insight and action. And i believe in many ways is supplying the data to a machine learning throughout the life cycle of the engine from the initial stage of designed to manufacturing to maintenance repair. Overhaul that's right so we we've been applying data analytics for more than thirty years and using ai. With our real time engine. Health monitoring system but service w. lunch to back in nineteen ninety nine and our ai. Capabilities are deeply embedded into products and services so they aren't visible And not widely. Now we're able to monitor six thousand to eight thousand flights every day which is equivalent to monitoring three thousand engines in the sky at any one time so we have multiple sensors on board that continuously relay inflammation with were able to analyze five million data promises from our engines every day and we used to provide insights to our engineers for future development and services that we provide for our customers. But it's not just about the asian and the behavioral for engines. Current work includes applying a with a dedicated team that we have inside rolls royce school the day to labs to improve the risk management in supply chains predict market demand improved the efficiency of our operations and more recently nepal systems. Father of the business. We've been applying a on microbes making our industrial powered technology more reliable and sustainable and in the future we see a. I will continue to evolve. Play a bigger role especially as we saw increasing use of cloud based services which will be governed by data ethics framework and this becomes really essential and today more than two hundred projects that are starting to apply more and more of Framework so
2020s MedTech Innovation Winner with Paul Grand of MedTech Innovator
"Hey welcome back. Outcomes rocket listeners and viewers glad you have tune in again today. I have the privilege of having to guests one. He's a repeat offender here on the podcast. A good friend of mine paul grand. He's the founder and ceo medic innovator. They're the premier nonprofit accelerator in the metric industry that really seeks to improve the lives of patients by advancing companies poised to transform the healthcare system and also on the podcast. We have annalisa samarra. She's the c o rayo's who will actually the winner of midtech challenge and we're gonna dive into how that happened. And what that means but misnomer brings over twenty years experience working with startups in different capacities including biomedical research. Venture capital technology transfer operations and more in. Her interest is leaning startups. It really stems from ortho. Cell technologies a medical device company. She co founded in two thousand five obviously is passionate about making healthcare. Better hydrocephalus is what she's tackling with radios and you'll learn a little bit more about what they're doing at that company through annalisa so i wanna just start off by thanking both of you for being with us today. Thank you for having a saw It's great to be back on the outcomes rocket and it gets some time with you as always so. Let's check guys. It was a long run. We were together in february. In fact paul annalisa like we were in the same room. We recorded some interviews. It was fun. The energy was high and here. We are in october. And you know it's eight months later. The contest is over. Why don't you give us a summary of what happened paul. And some highlights and then we could lead into annalisa and and some of her insights sure yet. Thanks saw i mean. It's hard to believe that was eight months ago in some ways it seems like two months ago in some ways it seems like three years ago all the events the pandemic and everything. It's been happening since then. We are fortunate to be there in chicago or in person right before things got bad with covid and we had to go fully virtual on rested at road tour. So yeah what's happened to between we went through the process of evaluating over a thousand companies meeting with a couple of hundred person. We then move onto an incredibly fruitful. But you know challenging in many ways program where we do what we do every year arena. We find all this incredible companies. We partner them up with some of the leading strategic and providers and other people in our industry as mentors and advisors and we run this program that we typically do. We've been doing now for six years as a virtual accelerator but we depend on a lot of big in person events as well so that one february is one of the last ones that we got to do this year in person and we had to do everything else virtually but when incredibly well we selected fifty companies in our main program who were part of the primary toward and then we had another twelve companies on top of that that were just part of pediatric. Track for fifteen companies total that were part of the pediatric program and we had another twenty companies in asia pacific so Running a lot of stuff A lot of programs. And it's literally nonstop. Since i you in bed worry. Having taken a break there's the notifications has been no arrest. I haven't been reorganized and finally get vacation though. I mean it's over right or well. No i Was the first weekend actually kind of rest. A little bit still running that asia-pacific program that runs for another month until it's finals and we saw value competition coming up value word during midtech strategist conference in november. So we had a lot more to do still an. We're opening up applications for mid second beater. But i guess the last thing. I'll say when and we can dig into some more details that we've managed to pull it all off we slough some radical companies. Who just blew us away this year. Not only as they always do with their technology in their teams more passion and the way in which they're coming things being able to do that during a pandemic was kind of clean boggling. At how well these dumpings are executing you know no one is like hanging up their shingle and saying well and to go Go to start a farm or something. During the pandemic everybody is just executing and finding creative ways to do that and some have been accelerated as a result. So it's been tremendous were thrilled. I wish i could say it was time for vacation but i'll get one eventually. That's awesome man. I mean to work through the pandemic and in february i mean none of this pandemic was even in sight. I mean at least for me. I was like we were running. We were having a great time over there. Shaking hands and hugging. It wasn't until right. It was only a couple of weeks later that it's right like looking getting a little wider. What we're staying here and starting to look at each other going to keep doing this stuff you know in person. I remember the very beginning of march. We had another event at ucla and And people were that event. We're gonna look around going like. Is this totally separate. One of our partners didn't come to that event because they said that their corporate headquarters at stop travel and we thought that was really strange. Where like you can't fly from san jose to l. a. This is crazy by a week later. Like i was doing so the big one was when hams cancelled. Yeah oh wow. That was the real.
"asia pacific" Discussed on Monocle 24: The Globalist
"Today's special edition of the globalist we are going to focus on asia and what two thousand and twenty one might hold for the region. The obvious answer might seem and will hopefully be almost by definition what with one thing and another a vast improvement but even when asia does not find itself at the epicenter of a global health crisis it remains a complicated part of the world bringing their hostages to fortune to this look ahead to ages. Next twelve months are monocle. Hong kong bureau chief. James chambers monica's. Tokyo bureau chief. Fiona wilson a little later on monaco's bangkok correspondent gwen. Robinson will join us. But first to james and fiona fiona. Let's start with you. In japan as we mentioned in that introduction a new prime minister in office seeking to fill the big shoes and follow the tough act of shinzo are has yet figured out. What kind of prime minister he's going to be is a very good question. I mean i think he's been quite difficult for serger. Falling shinzo obey. Shinzo abe's for all his faults. You know longest serving prime minister in japanese history. So you go quiet trot record. He knows how to win elections. And you know. He survived an awful lot of ups and downs. Scandals also had to deal with the pandemic and ultimately how to deal with illness as well so yeah so quite challenging to come into that role. He started off pretty well. I think his ratings quite good. But i think as people have seen ways handled the pandemic <unk>. Impressed is ratings have dropped. There's also the issue about the olympics. Will it happen waiting to happen. And i think so. Go really backing this. Huge domestic tourism tourism campaign encouraging. People around the country has gone down pretty badly although it has to be said <hes>. Tens of millions of people have been guy around the country so they liked that bit of it. But so i think it's quite a tough time for him and interesting. He has to have an election by next autumn. And i think he's in for a pretty rough ride few under just to follow that up. You did the mention the oh word. If there is one thing that japan hopes it can look forward to in two thousand and twenty one it is the two thousand twenty <hes>. Tokyo postponed because of the obvious right now on new year's day. How likely do they look. It really depends on you. Talk to to be honest. The government would love it to happen. They really wanted to happen dog to the saying we absolutely have to vaccinate everyone. And that's not guaranteed yet. Japan's rollout of vaccinations will be in the spring. And they say you know. We'll have everyone backs in asia by the summer. And if not. I think they are going to have a problem on their hands. There are so many vested interest in the olympics in definitely. The government is under pressure from tv companies. Advertises they want it to happen. Population is still quite lukewarm. I think many people feel it puts this unnecessary pressure on the country. At a time. When is trying to deal with the pandemic. we're still dealing with that joins in hong kong or bring you in now. It being new year's day let's at least out <hes>. Attempting optimism <hes>. As we were just discussing. Japan has one great big blue ribbon event to look forward to hopefully in two thousand and twenty one. Two thousand and twenty was a tough year for hong kong for the same reasons. It was a tough year for everybody but for other reasons. Besides is there anything in particular vet. People in hong kong are looking forward to this year. Yes well we've had a rough couple of years here in hong kong so <hes>. You know when you've hit rock awesome. Which i think that's not hong kong. Has i mean the only way to go his up. So i guess people are looking at s- an economic recovery an a return to business as usual in terms of an making money and getting on that side of things but <hes>. In looking ahead the the rest of the year. I mean there are few big dates to <hes>. To look forward to the the first one would be at the end of this month on the polls in january when the <hes> the uk's visa essentially for the hong kong people comes into play and up to three million on congas could suddenly decamp to britain. So if that happens if the floodgates opened not lovely be a huge event we've oils essentially being stuck in vung most of twenty twenty so <hes>. It's been difficult to town at the moments <hes>. How big that exodus will be. And there's no no re- odds on dejean that which you know. Every time i do meet with hong kong peasant they do generate trying to ask me once. Lights live in the uk <hes>. Just like an schooling an election. Step in where they should live. What's baath liken. Is it better than oxford as there is. There is a genuine interest. But i guess we're waiting to see how many people actually all through with all of the with these <hes>. These moves
What's next for the Asia-Pacific?
"Today's special edition of the globalist we are going to focus on asia and what two thousand and twenty one might hold for the region. The obvious answer might seem and will hopefully be almost by definition what with one thing and another a vast improvement but even when asia does not find itself at the epicenter of a global health crisis it remains a complicated part of the world bringing their hostages to fortune to this look ahead to ages. Next twelve months are monocle. Hong kong bureau chief. James chambers monica's. Tokyo bureau chief. Fiona wilson a little later on monaco's bangkok correspondent gwen. Robinson will join us. But first to james and fiona fiona. Let's start with you. In japan as we mentioned in that introduction a new prime minister in office seeking to fill the big shoes and follow the tough act of shinzo are has yet figured out. What kind of prime minister he's going to be is a very good question. I mean i think he's been quite difficult for serger. Falling shinzo obey. Shinzo abe's for all his faults. You know longest serving prime minister in japanese history. So you go quiet trot record. He knows how to win elections. And you know. He survived an awful lot of ups and downs. Scandals also had to deal with the pandemic and ultimately how to deal with illness as well so yeah so quite challenging to come into that role. He started off pretty well. I think his ratings quite good. But i think as people have seen ways handled the pandemic Impressed is ratings have dropped. There's also the issue about the olympics. Will it happen waiting to happen. And i think so. Go really backing this. Huge domestic tourism tourism campaign encouraging. People around the country has gone down pretty badly although it has to be said Tens of millions of people have been guy around the country so they liked that bit of it. But so i think it's quite a tough time for him and interesting. He has to have an election by next autumn. And i think he's in for a pretty rough ride few under just to follow that up. You did the mention the oh word. If there is one thing that japan hopes it can look forward to in two thousand and twenty one it is the two thousand twenty Tokyo postponed because of the obvious right now on new year's day. How likely do they look. It really depends on you. Talk to to be honest. The government would love it to happen. They really wanted to happen dog to the saying we absolutely have to vaccinate everyone. And that's not guaranteed yet. Japan's rollout of vaccinations will be in the spring. And they say you know. We'll have everyone backs in asia by the summer. And if not. I think they are going to have a problem on their hands. There are so many vested interest in the olympics in definitely. The government is under pressure from tv companies. Advertises they want it to happen. Population is still quite lukewarm. I think many people feel it puts this unnecessary pressure on the country. At a time. When is trying to deal with the pandemic. we're still dealing with that joins in hong kong or bring you in now. It being new year's day let's at least out Attempting optimism As we were just discussing. Japan has one great big blue ribbon event to look forward to hopefully in two thousand and twenty one. Two thousand and twenty was a tough year for hong kong for the same reasons. It was a tough year for everybody but for other reasons. Besides is there anything in particular vet. People in hong kong are looking forward to this year. Yes well we've had a rough couple of years here in hong kong so You know when you've hit rock awesome. Which i think that's not hong kong. Has i mean the only way to go his up. So i guess people are looking at s- an economic recovery an a return to business as usual in terms of an making money and getting on that side of things but In looking ahead the the rest of the year. I mean there are few big dates to To look forward to the the first one would be at the end of this month on the polls in january when the the uk's visa essentially for the hong kong people comes into play and up to three million on congas could suddenly decamp to britain. So if that happens if the floodgates opened not lovely be a huge event we've oils essentially being stuck in vung most of twenty twenty so It's been difficult to town at the moments How big that exodus will be. And there's no no re- odds on dejean that which you know. Every time i do meet with hong kong peasant they do generate trying to ask me once. Lights live in the uk Just like an schooling an election. Step in where they should live. What's baath liken. Is it better than oxford as there is. There is a genuine interest. But i guess we're waiting to see how many people actually all through with all of the with these These moves
What Will the World Look Like When Crytpo Is Fully Adopted?
"What do you think the world will look like. Once crypto has been adopted. There's there's two sort of visions. I think i don't maybe we can just be honest ourselves. Sometimes i worry about the vision. We have for currency so aware. I started and i have a lot of respect for jeremy in the team at circle. Because back when i was in grad slow boston actually used circle to violate quinlan. So kudos huge you. Jeremy you saved me from my days for buying the clan on craigslist in using fan. So i could do how well yeah. So you obsolete neat stack my my sats. The early days of the coin The i think they're sort of two visions and they're two very different visions the vision. I've always had for bitcoin that i think. Really compelling one is the separation for the first time of money and state. Money has been object of the state since julius caesar stamped his face on a gold coin and i think really the experiment. We're attempting here like the world is no longer defined by physical orders. We live in a very digital world. Anyone could be anyone on. The internet has many different identities many different communities where part of sometimes as our default reality south. Sometimes where donnas you know there are a lot of eggs anonymous individuals citing. We live in this really interesting world that is truly becoming borderless antony. Bitcoin really represents the evolution of money transfer value in that world. But in the same time. I think governments are looking at bitcoin Right now we're living in a world where governments are trying to ban math. They're literally encryption. We done this time and time again. For the last twenty five years since incriptions existed but the advent of central bank digital currencies. In certainly what. We've seen in the asia pacific region in particular the advent of dc p. and Sort of national quote unquote digital currencies. You do have a lot of concerns around the ability for people to have financial privacy. Privacy transactions privacy communications so we have these two very different paths down which we're heading. I don't know if they're gonna coexist. Don't know if it's going to be an ethic collision and i know jeremy also you know than working a lot on uscc which which arguably has replay here. But i think the future of joe currencies in our society is sort of at this. Very interesting impasse. I want bitcoin to exist. Ideally people have the right to privacy that people have the right to sue committee in their transactions. But i think governments certainly do not like that and are advocating now for the antithesis of that which is central bank digital currencies and monetary systems that. Give them complete control the ability to exert financial censorship at every level of society. Driving up tacit. Tiv know early. There's so much there. I i guess i it just as a technologist The to the question of you know. When will this be mainstream or however you wanna call that my view is that you know. Things are mainstream in terms of technology when they disappear when they're invisible people and and when when essentially like people just take take them for granted right and said depending on your age and depending on where you are like. You might take for granted social media. But obviously that wasn't something that existed Wherever x. number of years ago you might take for granted that you have this amazing you know Supercomputer that just like that is reality. That is what the world was but obviously that had changed so at. What point is the use of crypto so ubiquitous and so embedded in so many things that we just take it for granted so were were. We have credited ago on that. But i think we're making really really strong progress. I think when. I also think about that question. I really think about Crypto and blockchain Is is. It's a pretty broad surface area right. You can be narrowly focused and sort of say there's non-sovereign stores value that use of blockchain infrastructure. You know bitcoin cash you know cetera et cetera which i completely agree with melting right. There's this this is this new form of borderless internet money and it will continue to grow and scale. And i'm i'm quite quite optimistic about that. But then there's the the fundamentals of the broader technology right so you know public chain infrastructure as effectively a new operating system layer on the internet. A new set of systems for storing data conducting transactions and executing code. That's what operates systems can help. Do these new operating system layers are very very general purpose in many respects there well suited to what i call fiduciary trust applications but can also be you know i. I was in a hackathon panel with melting the other day and we are looking at someone who built a decentralized messaging application on top of salona. The point being anti-centralized fantasy football fans in so digital games. You know messaging applications all these things on decentralized infrastructure web three cetera. Like that part of this is also a very very important part of this and so and you know something like stable coins like regulated stable coins like a us dc or potentially libra like these. These are also like apps that run on this new operating systems and could be quite popular. And so i think in terms of the question of when does that become mainstream. I think we're really close there. I think in the next twelve to twenty four months many of the most popular digital wallet products in the world that are used that we think of unused like as peer payments. And things like that. They're gonna turn on these protocols they're gonna turn these on and you're going to have you know all of a sudden hundreds of millions of people that can make interoperable payments at each other and that will kind of be in the background. That will be invisible. You'll you'll just you won't be trapped in making payments to people who then mo you'll be able to make payments between van mo and square cash and pay pal and swish in sweden and vips in norway. And you know go around the world to all these different apps. They're all going to speak. These common protocols in i think that's a a mainstream phase in digital currency. That's that's coming. I think ultimately that same number of people who might feel okay like i'm using euros or dollars or whatnot feeling comfortable using bitcoin that will grow to and eventually i would expect billions of people will will wanna use bitcoin to
Illinois reports more than 13,000 new cases and 126 new deaths statewide
"Live from npr news. I'm jack speer. With corona virus cases surging across the west new data released from the federal government shows just. How many hospitals in the country say they are facing critical staffing shortages. Npr selena simmons duffin reports nearly one in five hospitals in the us currently has a staffing issue states in the mid west and southwest are being hit hardest. North dakota has the highest percentage of hospitals reporting shortages. Texas has the highest number of hospitals when there aren't enough staff to treat the surge of patients. The concern is that you could get to the point where you have to start rationing care and then more people could die early on in the pandemic medical staff could volunteer to help in hot spots like new york city. But that's not really possible. Now with so many hospitals facing shortages and cases surging all over the country selena simmons duffin npr news eleanor. Like many other states seeing a big surge in coronavirus cases more than thirteen thousand new cases reported there with one hundred and twenty six deaths making it the third day in a row deaths their past the one hundred mark on governor. Jay pritzker reminding people his they've been state today. The numbers do not reflect what tomorrow's numbers might look like. You have to look at what the trajectory is. How fast it is that. They're likely to fill up. How fast they're coming into the emergency room and ending up in the bed. Laurie now is more than six hundred. Thirty four thousand coronavirus cases more than eleven thousand kobe. Nineteen deaths in the state. The death toll from covid nineteen pandemic has now reached more than two hundred and fifty thousand georgia's certified president elect. Joe biden has one that state's electoral votes but as a meal moffitt of member station w. a. b. e. in atlanta reports top georgia republicans are calling for changes to the state's election. Laws in one of the narrowest races in the country president elect joe biden topped president. Donald trump by about twelve thousand six hundred votes of the record. One point three million votes cast by mail and the state two thirds of them went to biden. Georgia's republican governor. Brian kemp echoed. President trump and casting doubt on the state's signature match program used to verify the identity of absentee voters voters casting their ballots. In person must show a photo. Id and we should consider applying that same standard to mail in ballots. Georgia's republican secretary of state also called for reform despite repeated assurances that he's seen no evidence of widespread fraud for npr news. I'm a meal moffitt in atlanta michigan state. Legislators met at the white house today with president trump as the president appears to be making an extraordinary effort aimed at overturning. Joe biden's overwhelming win. There were after the meeting. Officials said they have not been yet made aware of any information that would change the outcome of the election by one michigan by an insurmountable one hundred fifty four thousand votes on wall street today. The dow closed lower down two hundred nineteen points. You're listening to. Npr president trump's state department and foreign policy advisors to the incoming baiju administration are both expressing concerns about recent arrests of human rights advocates in egypt. Computers michele keleman reports. The arrest came after. The activists met with european diplomats. The egyptian institute for personal rights as seen three of its members arrested this week charged with spreading false information and undermining public security. European diplomats had met with them earlier this month. The state department is expressing quote deep concern about the arrests biden's foreign policy adviser. Tony blinken says he shares that sentiment in a tweet. He writes quote. Meeting with foreign. Diplomats is not a crime nor is peacefully advocating for human rights. President trump wants called egypt's leader his favourite dictator egypt remains a major recipient of us aid michelle kellerman npr news washington asia pacific summit leaders set aside their differences today issuing their first joint communique in three years among other things a group calling for free and predictable trade to help a global economy leaders of the twenty one nation apec groups as been substantially weakened by the coronavirus pandemic the group whose members include president trump and chinese leader xi jinping also about not to resort to protectionist policies notwithstanding the ongoing us trying to trade battle apec countries fell to reach agreement in two thousand eighteen in part due to discord between the us and china crude oil futures prices ended the week on an up note oil closing up forty three cents a barrel and the session at forty two seventeen barrel in new york. I'm jack speer npr news.
RCEP: What's the Deal?
"Who has spent much time around. Soldiers will be aware that for the purposes of saving time and door baffling civilians. They communicate to a large extent in three letter acronyms. So an armored fighting vehicle is an a an improvised. Explosive device is an and a three letter. Acronym is itself a t. l. a. There are many more some formal some colloquial some veils for cheerful obscenity if journalists employed a similar vernacular one such t. La would certainly be bb. I to denote a story which is boring but important which brings us. And we think we've just about stuck the landing here to a four letter acronym asset and that seems to be the consensus on pronunciation which is going to catch up a few news. Readers or it could be are kept or chip or recap whichever way you say it. The letters stand for regional comprehensive economic partnership. Stop come back at cetera. Sip is a trade deal all seriously this will only take a few minutes also is a mighty big trade deal indeed arguably the biggest ever don. It includes japan. South korea new zealand and the ten members of asean from tiny brunei to immense indonesia at which the unwieldy asset name does make a certain amount of sense comprehensive regional asian partnership being an obvious non runner. This will seem hilarious in about ten seconds. You'll get that. There is a lot going on with all set as is to be expected from any agreement which fifteen countries many of whom don't get terrifically will have been nearly a decade negotiating but it will be significant given that the signatories of set between them account for nearly a third of global gdp. Some oftens have already estimated. That are sept. Could add two hundred billion dollars to the global economy this decade which given how much of this decade is likely to be spent catching up from this year is no small change. The economic headlines are approximately as follows. Many tariffs on imports. Among member states will be eliminated. Some immediately of his more gradually they will be new unified rules of origin which might encourage companies in asset nations to build more of their supply chains with each other and hopefully do lots of what all free trade agreements is supposed to increase production and opportunity reduced prices on bureaucracy and contribute to a climate of cooperation as opposed to competition which is where our sep looks almost as significant diplomatically. As it does economically it is the first time that china has signed up to a multilateral. Free trade deal. China's premier li ka chiang himself an economist by trade has indeed hailed it as a great victory for multi-lateralism and free trade. Fine talk it may be muttered for the second ranked member of the politburo standing committee of the central political bureau of the communist party of china. And it's at least worth wondering. Is this really where china sees the real value of asset because just as notable is who is in our set is who isn't specifically india and the united states india pulled of the talks last year for fear that eliminating tariffs would threaten indian manufacturers and producers however as the leaders have stressed that the door remains open the us flounced from a different asia pacific trade arrangement in two thousand seventeen. I'm going to issue our notification of intent to withdraw from the trans-pacific partnership a potential disaster for our country. The trans-pacific partnership was one of the first victims of a donald trump tantrum. So there is little doubt about which of assets members will be the dominant partner but it does appear to have been the middle powers of that drove the deal possibly recognizing that it would be preferable for all of them to have china japan and south korea coming to terms rather than blows an optimist a class of pundit who is having a testing kind of you might suggest that this also indicates that china recognizes that submitting to rules-based trade is the next step in its journey to modernity and that it cannot prosper in the long term purely by bullying and menacing a pessimist. Might that this is exactly what china proposes to use this new block for that asset is a means for to keep its friends close and its enemies closer and whether or not that quote is correctly attributable to sun. Suu or michael corleone. The point stands