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Russia warns nuclear war risks now ‘considerable’

UNSPLASH

LVIV, Ukraine/KYIV — Russia’s foreign minister told the world not to underestimate the considerable risks of nuclear conflict, and NATO’s supply of weapons to Ukraine “in essence” meant that the Western alliance was engaged in a proxy war with Russia.

Interviewed by Russian state television, Foreign Minister Sergei Lavrov was asked about the importance of avoiding World War III and whether the current situation was comparable to the 1962 Cuban Missile Crisis.

“The risks now are considerable,” Mr. Lavrov said according to a transcript of the interview on the ministry’s website.

“I would not want to elevate those risks artificially. Many would like that. The danger is serious, real. And we must not underestimate it.”

Ukraine’s Foreign Minister Dmytro Kuleba said he regarded Russia’s scaremongering as a sign of weakness.

Russia had lost its “last hope to scare the world off supporting Ukraine,” Mr. Kuleba wrote on Twitter after Mr. Lavrov’s interview. “This only means Moscow senses defeat.”

During a visit to Kyiv on Sunday, US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin promised more military aid for Ukraine.

The US State Department on Monday used an emergency declaration to approve the potential sale of $165 million worth of ammunition to Ukraine. The Pentagon said the package could include artillery ammunition for howitzers, tanks and grenade launchers.

Moscow’s ambassador to Washington told the United States to halt shipments, warning Western weapons were inflaming the conflict.

Mr. Lavrov said: “NATO, in essence, is engaged in a war with Russia through a proxy and is arming that proxy. War means war.”

Russia’s two-month-old invasion of Ukraine, the biggest attack on a European state since 1945, has left thousands dead or injured, reduced towns and cities to rubble, and forced over 5 million people to flee abroad.

Moscow calls its actions a “special operation” to disarm Ukraine and protect it from fascists. Ukraine and the West says this a false pretext for an unprovoked war of aggression by President Vladimir Putin.

The United States is due to host an expected gathering of more than 40 countries this week for Ukraine-related defence talks that will focus on arming Kyiv, US officials said.

Britain said all tariffs on goods coming into the country from Ukraine under an existing free trade deal will be axed and it would send new ambulances, fire engines, medical supplies and funding for health experts to help the emergency services.

Russia’s foreign ministry said on Monday that it had declared 40 German diplomatic staff personae non gratae in a retaliatory move after Berlin expelled the same number of Russian diplomats.

WAR RAGES IN SOUTH, EAST
Russia has yet to capture any of the biggest cities. Its forces were forced to pull back from the outskirts of Kyiv in the face of stiff resistance.

“It is obvious that every day — and especially today, when the third month of our resistance has begun — that everyone in Ukraine is concerned with peace, about when it will all be over,” President Volodymyr Zelensky said late on Monday.

“There is no simple answer to that at this time.”

Having failed to take the capital Kyiv, Moscow last week launched a massive assault in an attempt to capture eastern provinces known as the Donbas, which if successful would link territory held by pro-Russian separatists in the east with the Crimea region that Moscow annexed in 2014.

Ukraine’s general staff said on Tuesday that Russia’s offensive continued in the eastern Kharkiv region with Russian forces trying to advance towards Zavody.

Russia’s defense ministry earlier said its missiles destroyed six facilities powering the railways that were used to deliver foreign weapons to Ukrainian forces in the Donbas region. Reuters could not verify the report.

The head of Ukraine’s state rail company said that one railway worker had been killed and four injured by Russian missile strikes on five Ukrainian railway stations on Monday.

Ukrainian forces have repelled five Russian attacks and killed just over 200 Russian servicemen, said the Ukrainian military command in the southern and eastern sectors.

Five tanks were also destroyed, along with eight armored vehicles, it said in a statement.

Russia is probably attempting to encircle heavily fortified Ukrainian positions in the country’s east, the British military said in an update on Tuesday.

Reports say the city of Kreminna has fallen, with heavy fighting in the south of the city of Izium, as Russian forces try to advance towards the cities of Sloviansk and Kramatorsk, Britain’s defense ministry said on Twitter.

The governor of Russia’s Belgorod province, Vyacheslav Gladkov, said Ukraine had fired on two villages, and at least two people were wounded. Reuters was unable to verify the Ukrainian or Russian reports.

Russian forces were continuing on Monday to bomb and shell the vast Azovstal steel plant in Mariupol where fighters are hunkered down in a city ravaged by a siege and bombardment, Ukrainian presidential aide Oleksiy Arestovych said.

Moscow said it was opening a humanitarian corridor to let civilians out of the plant but Kyiv said no agreement had been reached. — Reuters

Republicans cheer Musk’s Twitter deal, Democrats wary of Big Tech’s power

THE TWITTER LOGO is displayed on a screen on the floor of the New York Stock Exchange in New York City, US, Sept. 28, 2016. — REUTERS

WASHINGTON — Republican lawmakers welcomed news that billionaire Elon Musk, who calls himself a free speech absolutist, was purchasing Twitter, Inc., but Democrats slammed it as a sign that more needed to be done to rein in Big Tech.

Mr. Musk, owner of Tesla and SpaceX, clinched the $44-billion cash deal on Monday.

Conservatives have accused the social media platform of bias against right-leaning views. They cheered the prospect of fewer controls under Mr. Musk, who has criticized Twitter’s moderation.

“Free speech is making a comeback,” tweeted US Representative Jim Jordan, a member of the Freedom Caucus of conservative House Republicans.

Mr. Jordan and other Republicans have been critical of Twitter for banning former President Donald Trump and other notable conservatives.

Mr. Trump’s account, which had more than 88 million followers, was his primary communication tool during his presidency. He repeatedly used Twitter to claim his defeat in the Nov. 2020 election was due to widespread voter fraud, and he urged supporters to come to Washington on Jan. 6, 2021 and march on the US Capitol to protest the election result.

Days after the storming of the Capitol, Twitter said it was permanently suspending Mr. Trump’s account due to the risk of further incitement of violence.

Political activists expect Mr. Trump could get his account restored after Mr. Musk’s takeover of Twitter. But Mr. Trump, who has hinted he wants to run for president again in 2024, said on Monday that he will not return to Twitter even if his account is reinstated and would stay on his own social media startup, Truth Social.

Truth Social, which launched in February, joins other newer companies that bill themselves as champions of free speech and hope to draw users who feel their views are suppressed on more established platforms. But so far none have come close to matching the popularity of their mainstream counterparts. 

Senator Marsha Blackburn, another Republican, said on Monday: “I am hopeful that Elon Musk will help rein in Big Tech’s history of censoring users that have a different viewpoint.”

Mr. Musk has said Twitter’s algorithm for prioritizing tweets should be public and has described user-friendly tweaks to the service, such as an edit button and defeating “spam bots” that send overwhelming amounts of unwanted tweets.

“Free speech is the bedrock of a functioning democracy,” he said in a statement on Monday. He also tweeted: “I hope that even my worst critics remain on Twitter, because that is what free speech means.”

Amid concerns from human rights activists that the deal could lead to unfettered hate speech, Democratic lawmakers called for more accountability.

Senator Elizabeth Warren, a progressive and a critic of the tech platforms, called the deal “dangerous for our democracy.”

“Billionaires like Elon Musk play by a different set of rules than everyone else, accumulating power for their own gain. We need a wealth tax and strong rules to hold Big Tech accountable,” she said on Twitter.

White House spokesperson Jen Psaki declined direct comment on Mr. Musk’s deal but added: “The president has long talked about his concerns about the power of social media platforms, including Twitter and others, to spread misinformation.”

Representative Ro Khanna said the deal was a reason to pass a bill to protect the data of people who go online.

“We need safeguards in place that give users more control over their data and ensure fairness and transparency,” Mr. Khanna said in a statement. — Reuters

Beijing expands mass testing to almost entire city

REUTERS
PEOPLE wearing face masks walk along a street in Beijing, China Feb. 24, 2020. — REUTERS

BEIJING/SHANGHAI — Three-quarters of Beijing’s 22 million people began lining up for coronavirus disease 2019 (COVID-19) tests on Tuesday as authorities in the Chinese capital raced to stamp out an outbreak and avert the kind of city-wide lockdown that has shrouded Shanghai for a month.

Beijing residents also began stocking up on food and supplies on worries of any sudden localized lockdowns, as frustration with tough curbs continues to mount in Shanghai, the Chinese financial and commercial hub that is home to 25 million people.

Videos on social media show people leaning out of Shanghai windows to beat pots and pans in anger, or play “Do you hear the people sing?”, a protest anthem from the musical Les Miserables, on flutes and trumpets.

Trying to avoid a similar fate by acting early, Beijing began mass tests of 3.5 million people in its most populous district Chaoyang on Monday. By the end of the day, authorities listed 10 other districts and one economic development zone for mandatory tests this week, covering a total of 20 million people and ordering 16 million for tests on Tuesday.

The orders come days after dozens of infections were found. Shanghai waited for about a month and more than 1,000 cases before launching city-wide testing in early April.

Liu Wentao, a Beijing cook, said he was concerned at how fast COVID was spreading, but was confident the capital could handle it.

“The virus controls are stronger than in other places, I don’t think it will be like Shanghai,” he said on his way to get tested.

Beijing recorded 33 new COVID cases for April 25, up from 19 the day before with no deaths reported so far in the outbreak. The total case load is miniscule compared with hundreds of thousands in Shanghai.

Shanghai reported 52 new COVID deaths on Tuesday, up from 51 the day before. That takes the official death toll to 190, all reported from April 17 onwards, although many residents have said relatives or friends died after catching COVID as early as March, casting doubt over the statistics.

In the capital, schools, stores and offices remained open, but the iconic Lama temple said it would be closed to tourists from Wednesday, while Beijing’s National Theater would close for the rest of the month.

Officials have urged residents to refrain from leaving the capital and avoid gatherings for the upcoming April 30-May 4 Labor Day holidays.

BAD WEATHER
In Shanghai, strict enforcement of measures continued, but plans for a city-wide PCR testing exercise were somewhat derailed by the weather forecast, with hail expected later.

While authorities say they have relaxed some curbs, most in Shanghai are still either confined to their homes or cannot leave their residential compounds. Even those who can go out have few places to go, with shops and most other venues closed.

In areas where leaving home is allowed, residents were asked to take rapid antigen tests on their own, rather than line up for PCR testing in the rain. In the rest of Shanghai, daily PCR tests remained mandatory.

Online videos showed leaking roofs at quarantine centers. Officials on Tuesday said they would conduct maintenance works.

The prolonged lockdown has fueled frustration over lost wages, family separation and quarantine conditions, as well as access to medical care and food, with residents struggling to dispose of trash and make basic errands.

The Shanghai government did not immediately comment on signs of growing discontent.

Asymptomatic and symptomatic new cases dropped slightly to 15,319 and 1,661, respectively, while cases outside quarantined areas were flat at 217. Other Chinese cities that have been under lockdown began easing restrictions once such cases hit zero.

The fallout from any lockdown in Beijing is expected to be much smaller than that on economic powerhouse Shanghai, however.

“If there is a lockdown in Beijing, I think it has less impact on businesses because most of these positions can be done from home,” Beijing-based Joerg Wuttke, president of the European Union Chamber of Commerce, told Reuters. “There is less trucking involved, there is less packaging involved, there is less production going on.” — Reuters

Human activity is leading to more disasters — UN report

PHILIPPINE STAR/ MICHAEL VARCAS

LONDON — Human activity is contributing to an increasing number of disasters, with 350 and 500 medium-sized or large disasters a year occurring globally in the past two decades and more frequent events expected, according to a UN report.

The number of disasters —  many of them weather-related such as fires and floods, but also other hazards such as pandemics or chemical accidents — could reach 560 a year, or 1.5 a day, by 2030, putting millions of lives in danger, the UN Office for Disaster Risk Reduction (UNDRR) said in its global assessment report.

Climate change is causing more extreme weather events, it said, adding humans have made decisions which are too narrow in focus and have been over-optimistic about the risk of potential disasters, leaving them unprepared.

The impact of disasters has also been heightened by growing populations in areas more prone to natural catastrophes, the report said.

“The world needs to do more to incorporate disaster risk in how we live, build and invest, which is setting humanity on a spiral of self-destruction,” said Amina J Mohammed, UN Deputy Secretary-General, who presented the report at UN headquarters in New York.

“We must turn our collective complacency to action.”

Disasters disproportionately impact developing countries, which lose an average 1% of gross domestic product (GDP) a year to them, compared to 0.1-0.3% in developed countries, the report said.

The Asia-Pacific region suffers the highest damage, losing an average of 1.6% of GDP to disasters annually.

Developing countries also tend to be under-insured.

Only 40% of disaster-related losses since 1980 were insured. Insurance coverage rates in developing countries were sometimes close to zero, the report said.

“The financial system really needs to get ahead of this curve, because otherwise there’s a lot of built-up risk that isn’t being priced into how we make decisions,” Jenty Kirsch-Wood, coordinating lead author of the report, told Reuters. — Reuters

Primeworld unveils The Township in Butuan City

From left to right: Helen Zafra, Visayas-Mindanao sales director of Primeworld Land Holdings, Anthony Leuterio of Filipino Homes and Sherwin Uy of Primeworld Land Holdings

The Township subdivision in Butuan City, Agusan del Norte inaugurated its Fiona Model Unit on a Filipino-summer fiesta themed event last April 23.

Primeworld Land Holdings, Inc. (PLHI) developed the 14.5-hectare residential land located in Brgy. Baan, Butuan City, Agusan del Norte to make every Butuanon’s dream of owning a home much nearer to the city proper come true.

(From L-R) Anthony Leuterio (CEO, Filipino Homes), Johnny Uy (Chairman, Primeworld Land Holdings, Inc.), Sherwin Uy (Executive Vice President, Primeworld Land Holdings, Inc., Ar. Alex Tan (President, Hamm-Asia Global Builders)

In partnership with Filipino Homes’ team managers from Luzon, Visayas and Mindanao, PLHI facilitated the blessing of the Fiona Model House, and subsequently launched the single detached unit variation.

As the event marked the very first Filipino Homes Mindanao Tour, Helen Zafra, Visayas-Mindanao sales director of PLHI; and Anthony Gerard Leuterio, chief executive officer of Filipino Homes, both shared their companies’ commitment of helping the people of Butuan come home to their dream home in their hometown.

“In November 2021, last year, we launched Township Subdivision to mark a milestone of commitment to provide one of humanity’s most fundamental need – a home. To many of us, home means safety, comfort, a feeling of belongingness, and more importantly, it means family. Our promise to you in Primeworld is to build good homes for you and your family’s safety, security, and comfort,” Ms. Zafra said in a speech delivered during the event.

PLHI Chairman Johnny Uy and Hamm Asia Global Builders (AAA General Contractor for the project) president Alex Tan, together with the Executive Committee members Nichole Tan, Nelba Pangilinan, and Executive Vice-President Sherwin Uy witnessed the development milestone.

Sherwin Uy, EVP of Primeworld Land Holdings, Inc. delivers the Opening Remarks

“The Township is Primeworld’s second project in Butuan City, and is 7x larger than the company’s first project (Miraville I),” Mr. Uy said during his opening remarks.

He added, “This is a very important milestone for us – as our future homeowners may have a better look and feel of their future homes with the Fiona model unit. We celebrate our partner sellers and brokers, around 300 in attendance, who are equally committed to provide quality service to our fellow Filipinos.”

Primeworld Sales and Marketing Team

PLHI is currently offering the Fiona Unit, a two-storey townhouse with a total lot area of 60 sq.m. and a total floor area of 48 sq. m. starting at P2M. Buyers can choose between the two home types: 2-Storey Single Detached, 2-Storey Townhouse.

In a gated community of 1,026 units with modern amenities and 24/7 roving security, future residents of The Township can guarantee peace of mind that comes from living in a well-situated neighborhood in Mindanao.

The developer also ensured that the important establishments, such as schools, hospitals, and commercial areas, are easily accessible from the subdivision through 5-10 minute rides. Weekly, 40 flights are scheduled from Manila to Butuan Airport, which is only a 20-minute ride from the subdivision.

Guests at the Filipino-summer fiesta themed event last April 23.

Aside from the convenient distance to the standard necessities, living in The Township grants one’s wish of reaching the riches of Agusan del Norte at any day.

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In just a 15-minute to an hour ride from the subdivision, residents and their guests can explore the historic Magellan’s Landing Site and Balangay Shrine, the natural beauties of Lake Mainit and Bolihon beach, the newest discovered white sand mixed with corals shoreline, the cultures and fourth-century artifacts exhibited at Butuan National Museum, the uncharted caves of Caraga and Agusan’s refreshing hot springs.

With Butuan consistently securing a spot on the list of the Most Competitive Cities by the National Competitiveness Council of the Philippines, investors see upsurge of economic activities from retail, construction, housing, tourism and logistics in the city, becoming a major investment hub in the country for the next years.

“We remain optimistic in the local real estate market and committed to building affordable homes for every Filipino family nationwide,” Mr. Uy said.

 


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Global coal plant capacity edges up in 2021, hitting climate -report

The global capacity of power plants fired by coal, the fossil fuel that emits the most carbon dioxide when burned, rose nearly 1% last year as the world recovered from the COVID-19 pandemic, according to a research report by a U.S. environmental group.

The Global Energy Monitor (GEM) report found that global coal plant capacity grew 18.2 gigawatts to about 2,100 GW or about 0.87%. Scientists and activists have urged the world to move off coal to cleaner energy sources such as solar and wind power and in some cases, nuclear power.

“It’s up by a small number,” said Flora Champenois, a research analyst at GEM about the capacity rise. “But it comes at a time when the world needs a dramatic fall in the capacity, not any rise.”

Last year’s surge in new coal plants of about 25.2 GW in China, the world’s top climate polluter, nearly offset coal plant closures in the rest of the world of 25.6 GW, the report said. China has pledged to bring greenhouse gas emissions to a peak “before 2030” and achieve carbon neutrality by 2060.

But its recent focus has shifted towards energy security, following disruptive power cuts and geopolitical uncertainties since Russia’s invasion of Ukraine. Countries like Germany have also been reconsidering using more coal to replace Russian natural gas. Read full story

The United States, the second largest carbon emitter, pledged with about 40 countries at last November’s U.N. climate talks to end international finance for most fossil fuel projects by the end of 2022. But the Biden administration may soon consider calls for exemptions to its pledge as energy markets tighten on Russia’s invasion of Ukraine, a senior U.S. official said this month. Read full story

Despite last year’s capacity rise, the capacity of global coal plants being built in 2021 fell from 525 GW in 2020 to 457 GW, a decrease of 13%, the report said. – Reuters

Musk gets Twitter for $44 billion, to cheers and fears of ‘free speech’ plan

STOCK IMAGE | SYIFA5610-FREEPIK

Elon Musk clinched a deal to buy Twitter Inc TWTR.N for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.

It is a seminal moment for the 16-year-old company, which emerged as one of the world’s most influential public squares and now faces a string of challenges.

Musk, who calls himself a free speech absolutist, has criticized Twitter‘s moderation. He wants Twitter‘s algorithm for prioritizing tweets to be public and objects to giving too much power on the service to corporations that advertise.

Political activists expect that a Musk regime will mean less moderation and reinstatement of banned individuals including former President Donald Trump. Read full story Conservatives cheered the prospect of fewer controls while some human rights activists voiced fears of a rise in hate speech. Read full story

Musk has also advocated user-friendly tweaks to the service, such as an edit button and defeating “spam bots” that send overwhelming amounts of unwanted tweets.

Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.

Under pressure, Twitter started negotiating with Musk to buy the company at his proposed $54.20 per share price. Read full story

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a statement.

Former Twitter CEO Jack Dorsey weighed in on the deal late on Monday with a series of tweets that thanked both Musk and current Twitter CEO Parag Agrawal for “getting the company out of an impossible situation.”

Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step,” he said.

Twitter shares rose 5.7% on Monday to finish at $51.70. The deal represents a near 40% premium to the closing price the day before Musk disclosed he had bought a more than 9% stake.

Even so, the offer is well below the $70 range where Twitter was trading last year.

“I think if the company were given enough time to transform, we would have made substantially more than what Musk is currently offering,” said Jonathan Boyar, managing director at Boyar Value Group, which holds a stake in Twitter.

However, he added, “If the public markets do not properly value a company, an acquirer eventually will.”

Musk’s move continues a tradition of billionaires’ buying control of influential media platforms, including Jeff Bezos’ 2013 acquisition of the Washington Post.

Twitter said Musk secured $25.5 billion of debt and margin loan financing and is providing a $21 billion equity commitment.

Musk, who is worth $268 billion according to Forbes, has said he is not primarily concerned with the economics of Twitter.

“Having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization. I don’t care about the economics at all,” he said in a recent public talk.

 

OUTSIZED IMPORTANCE

Musk is chief executive of both electric car maker Tesla Inc TSLA.O and aerospace company SpaceX, and it is not clear how much time he will devote to Twitter or what he will do.

“Once the deal closes, we don’t know which direction the platform will go,” Agrawal told employees on Monday. Read full story

Edward Moya, an analyst at currency broker OANDA, said in an email to clients the deal was “great news for Twitter shareholders as it doesn’t seem like the company was going to get things right anytime soon.”

But he also said: “Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the EV (electric vehicle) race.”

Still, Musk‘s 84 million-strong Twitter account is seen as an important, free public relations and marketing tool for Tesla.

The Twitter transaction was approved by the company’s board and is now subject to a shareholder vote. No regulatory hurdles are expected, analysts said.

Daniel Ives, an analyst at Wedbush, said the company’s board of directors had its back “against the wall” once Musk detailed his financing package and no other bidders emerged.

Although it is only about a 10th of the size of far larger social media platforms like Meta Platforms Inc’s FB.O Facebook, Twitter has been credited with helping spawn the Arab Spring uprising and accused of playing a role in the Jan. 6, 2021, storming of the U.S. Capitol.

After Twitter banned Trump over concerns around incitement of violence following the U.S. Capitol attack by his supporters, Musk tweeted: “A lot of people are going to be super unhappy with West Coast high tech as the de facto arbiter of free speech.”

Trump, whose company is building a rival to Twitter called Truth Social, said in a Fox News interview on Monday that he will not return to Twitter.

The White House declined on Monday to comment on Musk‘s deal, but said President Joe Biden has long been concerned about the power of social media platforms.

“Our concerns are not new,” said White House spokesperson Jen Psaki, adding that the platforms need to be held accountable. “The president has long talked about his concerns about the power of social media platforms, including Twitter and others, to spread misinformation.” – Reuters

Airbus, Qatar Airways back in court as plane row heats up

YASSINE KHALFALLI-UNSPLASH

A British judge will on Tuesday rule whether Airbus must keep building A321neo jetliners for estranged Qatar Airways in a decision with implications for future multi-billion-dollar jet deals, as their public bust-up returns to London’s High Court.

Airbus revoked the A321neo deal in January in retaliation for Qatar‘s refusal to stop taking A350s in a separate legal and safety dispute over damage to the surface of the larger jets.

The knock-on decision to cancel the A321neo deal alarmed some airlines, with the head of the International Air Transport Association describing it as a “worrying” development in a corner of the market where Airbus enjoys the bulk of new orders.

The head of Dubai’s Emirates has said he is “not unsympathetic” to its main Gulf rival over the A321neo fallout.

Airbus says the two contracts are connected by a “cross-default” clause that allows it to pull the plug on one deal when an airline refuses to honour the other.

It has accused Qatar Airways, the A350’s biggest customer, of airing invalid safety concerns to avoid taking jets at a time of weak demand, and to activate a $1 billion compensation claim.

Qatar says it was right to stop taking A350 deliveries over what it describes as genuine safety concerns by Doha’s regulator over gaps or corrosion in a sub-layer of lightning protection left exposed by cratered paint on over 20 grounded A350s. It says the cross-default clause does not in any case apply.

Airline officials worry the A321neo case may set a precedent allowing disputes to ricochet from one contract to another, tightening the grip of plane giants Airbus and Boeing BA.N.

“People will look at this and take extra care to resist such cross-default clauses,” the head of a large airline fleet said.

Backed by European regulators, Airbus denies any A350 safety flaws, though it has acknowledged that paint peeling is a feature of modern carbon jets, requiring re-painting more often.

Qatar Airways says the problem of decaying paint, and the resulting exposure of anti-lightningmesh surrounding the carbon fuselage, results from a defect in the plane‘s design.

A Reuters investigation in November revealed the problem affected other carriers though apart from Qatar none has taken planes out of service, except for surface repairs. Read full story

The two sides have clashed over the extent to which exposed lightning protection means a safety risk. Airbus says the planes have backup protections and the affected areas would have to be much larger to pose a hazard. Qatar Airways has said it cannot rule out such risks without deeper analysis from Airbus and is unwilling to take any more A350s until the point is settled.

Qatar‘s refusal to take deliveries led to both sides calling foul and spilled over to the row over the cancelled A321neos.

 

RARE SPOTLIGHT

The court battle has punctured the secrecy surrounding more than a decade of aircraft negotiations and taken the lid off closely guarded planning methods inside the global jet industry.

Multiple industry sources say it is in neither side’s interest to spark a full-scale trial, producing a flood of further disclosures and testing relations between France and Qatar at a time when Europe urgently seeks new gas supplies.

But while neither side has closed the door to a negotiated settlement, Tuesday’s preliminary hearing is expected to reflect the gloves-off nature of their unusually acrimonious divorce.

An earlier hearing saw Airbus take the unusual step of minimising the advantages of its best-selling A321neo over Boeing’s 737 MAX, in contrast with its own marketing rhetoric.

Most experts described it as a legal tactic to blunt Qatar‘s bid to reinstate the A321neo contract, whose success depends on convincing the UK judge that no real alternative is available.

Chief Executive Guillaume Faury returned to the offensive against Boeing a week later, telling a shareholder meeting, “our planes are more competitive for the majority of them than … the competition; the A321 in particular is extremely performing.” – Reuters

Higher inflation factors into review of tariffs on Chinese goods- White House

THE White House in Washington, D.C. — STOCKSNAP/PIXABAY

The Biden administration is carefully studying the inflationary impact of tariffs imposed on China by former President Donald Trump’s administration given a surge in consumer prices, White House press secretary Jen Psaki said on Monday.

Ms. Psaki said she had no news on tariff reductions since U.S. Trade Representative Katherine Tai is still reviewing Trump-era tariffs on Chinese goods. But she made clear that higher inflation was a factor in the deliberations.

“This is an ongoing process, and we’re certainly looking at where we see costs being raised and, at a time where we’re seeing heightened inflation, certainly that’s on our minds,” Ms. Psaki said.

She said the review was also looking at larger issues, such as China’s behavior in global markets and the impact of tariffs on wages, job opportunities and America’s competitive edge.

The White House comments came days after U.S. Treasury Secretary Janet Yellen said it was “worth considering” taking steps to lower U.S. tariffs on Chinese goods given the “desirable effects” such a move could have on lowering U.S. inflation, which has hit 40-year highs this year. Read full story

Deputy national security adviser Daleep Singh told a separate event on Thursday that easing tariffs on non-strategic Chinese goods such as bicycles or apparel could help combat inflation. Read full story

Mr. Biden’s approval ratings have fallen as the costs of energy, food and other staples have risen, with mounting public frustration threatening to cost Democrats their slim majorities in Congress in midterm elections in November.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, said Psaki’s comments compounded expectations that the Biden administration was considering tariff reductions.

Mr. Bown said that would likely require behind-the-scenes negotiations with Beijing. Such a move would also likely cause tensions with a Biden administration push to move supply chains from China and closer to home.

No comment was immediately available from Ms. Tai’s office. – Reuters

[B-SIDE Podcast] What women want: femtech in the Philippines

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Femtech, or technology focused on women’s health, is an unexplored space in the Philippines, where the startup ecosystem is mostly male.

“We need more investors to see that femtech presents a viable investment opportunity. And that can be explained by an ongoing trend in diversity and recognition of the importance of preventive health, not just sick care,” said Maria Jessica J. de Mesa, co-founder and chief executive officer of Kindred, a femtech startup.

In this B-Side episode, she tells BusinessWorld reporter Brontë H. Lacsamana what needs to be done in order to translate policy into programs when it comes to women’s health.

“Women have waited long enough for the reproductive health services and information we deserve,” she said.

Recorded remotely in April 2022. Produced by Earl R. Lagundino and Sam L. Marcelo.

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DepEd partners with SM Supermalls to promote anti-Covid 19 reminders amid back to school efforts

In photo from L-R, DepEd Undersecretary Wilfredo Cabral, DepEd Undersecretary Annalyn Sevilla, DOH Secretary Dr. Francisco Duque III, DepEd Secretary Leonor M. Briones, USAID Mission Director Ryan Washburn, SM Supermalls Senior Vice President for Operations Bien Mateo, and DepEd Assistant Secretary Malcolm Garma.

DepEd, along with sole local partner SM Supermalls and the United States Agency for International Development (USAID), recently concluded the BIDA Kid Program – a campaign tasked to relay anti-Covid 19 safety reminders following the expansion of face to face classes. Held at the SM Mall of Asia Music Hall and attended by guests such as DepEd Secretary Leonor M. Briones, DOH Secretary Dr. Francisco Duque III, DepEd Undersecretary Wilfredo Cabral, DepEd Assistant Secretary Malcolm Garma, DepEd Undersecretary Annalyn Sevilla, DepEd Director Roger Masapol, and USAID Mission Director Ryan Washburn, the BIDA Kid Program was launched in support of the Department of Health’s efforts to reopen schools safely this incoming school year.

DOH Secretary Dr. Francisco Duque III and SM Supermalls Senior Vice President for Operations Bien Mateo led the partnership of their institutions with DepEd’s BIDA Kid campaign.

“As the government pushes forth with getting all students safely into the classroom, it has been our top priority to help provide the necessary protection they need against Covid-19. Our pediatric vaccination sites will remain open to cater to the vaccination needs of our children aged 5 to 11 and 12 to 17. We assure you that we remain committed to providing a safe, convenient, and fun vaccination experience for the kids and their family members and friends,” said Bien Mateo, SM Supermalls SVP for Operations.

DepEd, DOH, and SM Supermalls representatives strike a pose with BIDA kids from the Pasay City East High School.

With over 9.4M jabs and 1.2M pedia jabs administered since April 2021, SM Supermalls continues to serve as the government’s largest private-sector partner in its vaccination efforts. In line with their commitment to serving the Filipino people, SM has extended promotional assistance to the DOH and DepEd by reflecting the BIDA Kid safety reminders on their social media pages with a combined following of over 31M individuals, as well as the LED screens found in their malls.

As children begin to return to their classrooms, Bien Mateo ensures that SM Supermalls “will continue to work together with the government to reboot the system and get back on track. It could take time, but we believe that our collaboration and concerted efforts will lead us to a safer, better normal for everyone.”

For more information and up-to-date news on vaccination schedules at the SM Malls in your LGU, follow @smsupermalls on all social media platforms.

 


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