financializer news A weblog highlighting financial topics making news in the international media.

oil: The price of oil suffered an historic market crash last month when US oil prices turned negative for the first time, according to The Guardian. The IEA said the decline in investment is staggering in both its scale and swiftness and will impact every major sector, from fossil fuels such as oil, gas and coal to renewable sources including wind and solar power. The International Energy Agency IEA said the unprecedented investment slump follows the most severe plunge in energy demand since the second world war. In a report, the IEA said the decline in investment in areas such as clean energy technology could undermine the transition to renewable, sustainable sources of energy. If we are to achieve a lasting reduction in global emissions, then we will need to see a rapid increase in clean energy investment. The crisis has brought lower emissions but for all the wrong reasons, said Fatih Birol, the IEA's executive director. (news.financializer.com). As reported in the news.

opposite-gender: The Office for National Statistics said separately that men were doing more than an hour less unpaid labour than women each day, despite increasing their responsibilities during lockdown, according to The Guardian. The IFS-UCL study interviewed 3,500 families of two opposite-gender parents and found that mothers were doing more childcare and more housework than fathers. A report from the Institute for Fiscal Studies and the UCL institute of education also says mothers in England are more likely than fathers to have lost their jobs during lockdown, increasing fears that the coronavirus crisis has exacerbated inequality and could lead to the gender pay gap increasing. The mothers interviewed were looking after children for an average of 10.3 hours a day 2.3 hours more than fathers and doing housework for 1.7 more hours than fathers. The study found that mothers were 23% more likely than fathers to have temporarily or permanently lost their jobs during the crisis. In families where the father had stopped work while his partner continued, on average they did the same amount of household work while the woman did an average of five hours of paid work a day. (news.financializer.com). As reported in the news.

umar kamani: The report also claims that a recent 200m fundraising effort by Boohoo could be handed over in dividends or buyout costs to Umar Kamani, the son of Boohoo's chairman and co-founder, Mahmud Kamani, who owns about a third of the group's Pretty Little Thing PTL brand, according to The Guardian. Shadow Fall also suggests the funds could be used to buy up I Saw it First, an online fashion business set up by Jamal Kamani, the chairman's brother. The Shadow Fall hedge fund led by Matthew Earl, a specialist in taking positions that bet against a company's share price, issued a 54-page report accusing Boohoo of misleading investors about profits and cashflow. The report, published on Tuesday, claimed that an option to buy out a remaining stake in the PLT site could cost Boohoo nearly 1bn, and raised concerns about the presentation of profits and cashflow relating to PLT, which it said inflated the brand's value. Boohoo said on Wednesday it strongly refutes the allegations made by Shadow Fall. Boohoo paid 3.7m to buy a 66% stake in PLT in 2016. (news.financializer.com). As reported in the news.

japanese firms: A ministry official refrained from presenting an outlook for the possible impact of the novel coronavirus pandemic on the 2020 balance, according to The Japan Times. In the reporting year, Germany had the world's second-largest net external assets, with 299.83 trillion at the end of 2019, followed by China with 231.77 trillion. The figure, up 6.8 percent from a year earlier and the highest since comparable data became available in 1996, reflected increased direct investments abroad by Japanese firms and a rise in prices of foreign stocks held by domestic investors. ; Japan was the world's largest holder of overseas net assets for the 29th consecutive year, the ministry said. The United States was the biggest net external debt holder with 1.199 quadrillion, according to the ministry. Japanese direct investment in the United States stood at a record 58.20 trillion, and that in China was also the largest on record at 14.22 trillion. RELATED STORIESJapan moves to limit foreign investment in half of listed firms Total Japanese external assets increased 7.8 percent to a record 1.098 quadrillion for the 11th straight year of gains. (news.financializer.com). As reported in the news.

systems framework: From implicitly seeking a political quid pro quo for supplying other countries with protective medical gear, to rejecting calls for an independent international inquiry into the virus's origins until a majority of countries backed such a probe, the bullying tactics of President Xi Jinping's government have damaged and isolated China's communist regime, according to The Japan Times. The backlash could take the form of Western sanctions as Xi's regime seeks to overturn Hong Kong's one country, two systems framework with its proposed new national security laws for the territory, which has been wracked by widespread pro-democracy protests for over a year. And China itself has added fuel to the fire, as exemplified by its recent legal crackdown on Hong Kong. More broadly, Xi's overreach is inviting increasing hostility among China's neighbors and around the world. ; Had Xi been wise, China would have sought to repair the pandemic-inflicted damage to its image by showing empathy and compassion, such as by granting debt relief to near-bankrupt Belt and Road initiative partner countries and providing medical aid to poorer countries without seeking their support for its handling of the outbreak. Whether through its aggressive Wolf Warrior diplomacy named after two Chinese films in which special-operations forces rout U.S.-led mercenaries or military-backed expansionist moves in China's neighborhood, Xi's regime has caused international alarm. Instead, China has acted in ways that undermine its long-term interests. (news.financializer.com). As reported in the news.

topix index: Air transportation and land transportation were among leading gainers on expectations that people will start traveling more, according to The Japan Times. Real estate issues also rose notably. The 225-issue Nikkei average ended up 2.55 percent, or 529.52 points, at 21,271.17, while the broader Topix index was up 2.17 percent, or 32.53 points, at 1,534.73 at the close. ; Nearly all industrial categories advanced. In the currency market, the U.S. dollar gained ground against the yen on optimism stemming from an increasing number of countries moving to restart social and commercial activities after weeks of lockdowns. Monday. At noon, the U.S. dollar fetched 107.86 compared with 107.74 in Tokyo at 5 p.m. (news.financializer.com). As reported in the news.

rehabilitation purposes: Hayden's arrest and charges come after a video surfaced of him attacking the elderly man -- identified as as Norman Bledsoe -- at Westwood Nursing Center in Detroit, police said, according to CNN. Both were residents of the nursing home, though Hayden is not a long-term resident of Westwood, but he was recently admitted for recovery and rehabilitation purposes on a temporary stay, according to a statement from the nursing home's attorneys. Jaden T. Hayden of Ypsilanti was charged with two counts of assault with intent to do great bodily harm, larceny in a building and two counts of stealing/retaining a financial transaction without consent, according to a news release from the Wayne Country Prosecutor's Office. The man who allegedly beat a nursing home resident in Detroit, Michigan has been identified as Jaden T. Hayden, 20, of Ypsilanti, in a press release from Wayne County Prosecutor Kym Worthy. context Image Object name The man who allegedly beat a nursing home resident in Detroit, Michigan has been identified as Jaden T. Hayden, 20, of Ypsilanti, in a press release from Wayne County Prosecutor Kym Worthy. description The man who allegedly beat a nursing home resident in Detroit, Michigan has been identified as Jaden T. Hayden, 20, of Ypsilanti, in a press release from Wayne County Prosecutor Kym Worthy. url Video of the incident shows Bledsoe being repeatedly punched and covered in blood. Nursing home staff heard the incident and assisted Bledsoe, who was taken to the local hospital for treatment after Hayden told staff Bledsoe had fallen out of his bed, the release said. The suspect can be heard saying, Get the f off my bed several times in the video after beating the victim. (news.financializer.com). As reported in the news.

trump: Analysts have countered he doesn't have the constitutional authority to do that, according to CNN. But long before Trump ordered churches reopened -- and long after how this battle plays out politically -- some ministers and congregations have and will likely continue to defy state mandates. President Donald Trump has declared places of worship essential during the pandemic and said he'd override governors if they didn't allow in-person services. Because for many of them, the reasons go beyond partisan politics. Read More But for many Christian churches, the issue goes straight to what they view as their constitutional right to free exercise of religion. Some see it as a religious freedom issue For the most part, American mosques and temples have not wrestled with the question of whether to hold services or not. (news.financializer.com). As reported in the news.

ownership stake: The parent company said its ownership stake will fall to 62.1 percent after the deal, which closes May 26. ; Founder Masayoshi Son had said he would sell off about 42 billion in assets to help finance stock buybacks and pay down debt, according to The Japan Times. Soft Bank disclosed it's selling shares in Alibaba Group Holding Ltd. through complex contracts, and that it's in talks to sell about 20 billion of T-Mobile U.S. Inc., according to reports by Bloomberg News this week. The group intends to sell 240 million shares of Soft Bank Corp. for 1,306.5 to 1,320 apiece, a discount of as much as 5 percent to Thursday's close. Son is struggling with the impact of the coronavirus on a portfolio of startups weighted heavily toward the sharing economy. In the interim, the billionaire has turned to ever larger stock buybacks to sustain Soft Bank. Its Vision Fund business lost 1.9 trillion last fiscal year after writing down the value of investments from WeWork to Uber Technologies Inc. (news.financializer.com). As reported in the news.

stock price: On Wednesday, the key index climbed 161.70 points. ; The Topix index of all first-section issues closed down 3.48 points, or 0.23 percent, at 1,491.21, after climbing 8.64 points the previous day, according to The Japan Times. The Tokyo market opened higher in response to rises in all three major U.S. stock price gauges on Wednesday amid moves to reopen businesses spreading across the United States following coronavirus lockdowns, brokers said. The Nikkei average of 225 selected issues on the first section of the Tokyo Stock Exchange shed 42.84 points, or 0.21 percent, to end at 20,552.31. But stocks surrendered their gains toward noon as selling pressure grew in line with a drop in futures in off-hours trading on the U.S. Dow Jones industrial average. In the afternoon, the market searched for direction amid a dearth of fresh trading incentives. The market was also weighed on by heightened fears about tensions between the United States and China over the way Beijing dealt with the coronavirus outbreak in the initial stage, after U.S. President Donald Trump blamed China for waging a massive disinformation campaign in his latest Twitter post. (news.financializer.com). As reported in the news.

tech-nationalism mounts: Such initiatives have already drawn fierce criticism from the Trump administration, resulting in moves to block the rise of Chinese technology companies such as Huawei, according to The Japan Times. Nothing like this has happened before; this is China's gambit to win the global tech race, said Digital China Holdings Chief Operating Officer Maria Kwok, as she sat in a Hong Kong office surrounded by facial recognition cameras and sensors. As tech-nationalism mounts, the investment drive will reduce China's dependence on foreign technology echoing objectives set forth previously in the Made in China 2025 program. Starting this year, we are really beginning to see the money flow through. The government is expected to announce infrastructure funding of as much as 563 billion this year, against the backdrop of the country's worst economic performance since the Mao era. The technology investment push is part of a fiscal package waiting to be signed off by China's legislature, which convenes this week. (news.financializer.com). As reported in the news.

deaths: The daily rundown Between Saturday and Sunday, the number of Florida coronavirus cases increased by 777 1.7 percent to 45,588; hospitalizations went up 84 slightly more than 1 percent to 8,230; and deaths rose by 9 0.4 percent to Florida, Florida The question is this Would having a figure from Florida on the ticket help Joe Biden snuff out Donald Trump's re-election chances Finalist Rep, according to MSNBC. Val Demings is on Biden's shortlist of vice presidential contenders and as one strategist told POLITICO's Marc Caputo she checks a lot of boxes. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service Can picking Val Demings for VP help deliver Florida Coronavirus' deadly toll on Florida's elderly DeSantis puts blame on unemployment applicants By GARY FINEOUT and MATT DIXON 05/18/2020 07 00 AM EDTHello and welcome to Monday. Demings is an African American woman who was born the youngest of seven children to a maid and janitor, and became Orlando's first female police chief before getting elected to Congress. Weighing the odds Demings has never run a statewide campaign and she's not as well-known as some of the other contenders, like former Georgia gubernatorial candidate Stacy Abrams or California Sen. In the last year, Demings has gotten national attention for her role as an impeachment manager for the House. (news.financializer.com). As reported in the news.

googletag: Minnesota coronavirus reopening Here are 5 things that have NOT changed Youth, amateur sports hoping to get green light for summer seasons Cub Foods returns normal hours to all stores, extends pay bump for employees if undefined ! typeof googletag googletag.cmd.push function ; if undefined ! typeof googletag googletag.cmd.push function ; House Intelligence Committee Chairman Adam Schiff has been feeding the American people misinformation for years, according to MSNBC. He used his position replete with access to information and people in the know to distribute wild accounts of Russian collusion with the Trump campaign. May 19, 2020 at 5 51 a.m. if undefined ! typeof googletag googletag.cmd.push function ; Sign up for Newsletters and Alerts Most Popular Guthrie Theater announces layoffs that take its staff from 262 down to 55Canada, US, Mexico extend border restrictions How is MN weathering the coronavirus pandemic Here's a look at 7 areas. The effect was to frighten and alarm millions of Americans, sowing division between neighbors, toxifying our discourse and raising anxieties. Just a year ago, Adam Schiff was on CNN, MSNBC, ABC, Fox News anyone who would have him talking about Trump/Russia collusion in plain sight. if undefined ! typeof googletag googletag.cmd.push function ; Even after the Mueller report clearly indicated that there was no provable collusion or coordination between the Russian government and the Trump campaign, Schiff continued to propagate the lie. The Trump administration spent time and resources fighting off the fallacy that cursed them since day one and deprived the American people of a president who could devote his time and energy to the policies they had elected him to enact. (news.financializer.com). As reported in the news.

huffington post: Huffington Post.BREAKING NEWSTap here to turn on desktop notifications to get the news sent straight to you, according to MSNBC. Open Search Log In Join Huff Post Plus Join Huff Post Plus Maxine Waters Sister Who Died Of Coronavirus Was Not Tested Before SurgeryNEWS CORONAVIRUS POLITICS 2020 ELECTIONS ENTERTAINMENT LIFE PERSONAL VIDEO SHOPPINGU.S. Canada U.K. Australia Brazil Espa a France Greece India Italia Japan Korea QuebecU.S. Edition function var disable AdRotation 1 ; var ads Div var default Delivery f ; // enable Queue 0 wait ForGlobal function return window.html AdWH && window.ad SetSync Called; function // override ads Pl in template if 'function' typeof window.ad SetPlId if 'undefined' typeof window.orig AdsPlId window.orig AdsPlId window.ads Pl; if 'undefined' ! typeof window.orig AdsPlId // override ads Net Id in template if 'function' typeof window.ad SetNet Id if 'undefined' typeof window.orig NetId window.orig NetId window.ads Nt; if 'undefined' ! typeof window.orig NetId ads Div.reload Count 0; var recovery Id ''; var needs Recovery recovery Id && recovery Id.length && kraken ad Block && kraken ad Block.active; var ad Id needs Recovery recovery Id '93318099'; // try ad Id ad Id; catch e // Override adtech call type var delivery type default ; var adtech call type ; switch delivery type case by request adtech call type ajax ; break; case text adtech call type text ; break; case iframe adtech call type iframe ; break; case iframe proxy adtech call type f ; break; case collapsed adtech call type fc ; break; default adtech call type default Delivery; break; var args 'lb', 'lb' ; if needs Recovery function ads Div //html AdWH ad Id, args 0 args 1 fileless ads Div ; ; else console.log 'calling MN ' ad Id.to String ; uac Module Debug Element leaderboard flex ad Id args 0 args 1 ; html AdWH ad Id, args 0 args 1 adtech call type, ads Div ; if !disable AdRotation ads Rotate Mult ads Div ; if typeof debugadcode 'function' debugadcode 'AdTech', placement 'leaderboard flex', mnid ad Id ads Div ; wait ForGlobal 'jQuery', function function ev, elem if elem && !elem.contains ads Div return; var refresh Rate 1; ads Div.reload Count ; if ads Div.reload Count % refresh Rate 0 && typeof ads Reload Ad 'function' ads Reload Ad ads Div ; ; ; if Changed back to 0 probably for next Ad call leaderboard flex ad Id ; ad SetInView '0' ; ; // wFG html AdWH //modulous queue closing ; if typeof HPAds ! 'undefined' CORONAVIRUS 05/16/2020 05 29 am ET Updated 3 days ago Maxine Waters Sister Who Died Of Coronavirus Was Not Tested Before Surgery It was a matter of a couple of weeks and she was gone, the California congresswoman told MSNBC's Chris Hayes. All rights reserved. By Lee Moran Rep. From that point she went down, Waters told MSNBC's Chris Hayes of her 86-year-old sibling Velma Moody, who was living in a St. Maxine Waters D-Calif. on Friday revealed how her older sister died from COVID-19 a couple of weeks after undergoing surgery on her hip in hospital, where she was not tested for the deadly coronavirus until after the operation. (news.financializer.com). As reported in the news.

games years: Here are a few creators offering whimsical and elegant games, both new and traditional, according to The Japan Times. Bright and cheery When Jun Sasaki established Oink Games 10 years ago, he had a couple of goals in mind. They can, however, be a little dated at times. One was to design unusual tabletop games; the other was to make them as compact as possible so that they could be played anywhere and easily stored. Almost all are also priced at just 2,420 or 2,750, and have Japanese and English instructions. ; Durian from Oink Games These are mostly fun, quick-play activities from party games to strategy ones featuring visual cards, tokens and the clever use of tiles instead of boards. His current range of more than 30 board and card games are, as promised, colorful, a bit wacky and packaged in boxes just a tad bigger than two stacked decks of playing cards. (news.financializer.com). As reported in the news.

intelligence agency: Yet this trivial episode invites us to think seriously about the role of covert intervention and regime change in U.S. policy, according to The Japan Times. Just as the United States sought to undermine or topple unfriendly regimes during the Cold War, it may look to such methods again in its increasingly heated rivalry with China. One would hope that the Central Intelligence Agency could do better than a farcical scheme that was disowned by the Venezuelan opposition, penetrated by regime security forces and disrupted as soon as it began. Caution will be necessary History tells us that while covert intervention can sometimes be a cost-effective tool of competition, it is fraught with risks and profound moral trade-offs. ; Covert action came of age during the Cold War. Over the succeeding decades, it would seek to destabilize or replace numerous governments that were slipping into the Soviet sphere or softening up their countries for communist influence. In the late 1940s, when the CIA and National Security Council were born, the U.S. began developing a global capability for intervention under the cloak of secrecy. (news.financializer.com). As reported in the news.

survey: About 36 percent said there will be no change in their employment policy for new graduates and 25 percent said they are undecided, according to The Japan Times. Among sectors with plans to reduce hiring are materials and electronics makers, transport companies and retailers. According to the Kyodo News survey of 111 companies, including Toyota Motor Corp. and Sony Corp., 29 firms, or 26 percent, said they are expected to cut back on hiring fresh graduates starting from April 2021, up from 16 percent in last year's hiring survey. ; Only 10 firms, or 9 percent, said they are planning to increase hiring, down from 21 percent in the previous survey. Those companies as well as those that are undecided said the impact on earnings from the virus is uncertain and they need more time to see how the pandemic will affect the economy. But the survey, conducted from early April to early May, indicates the job market could take a turn for the worse, given that nonessential businesses were pressured to close and people were asked to stay home by the central and prefectural governments. RELATED STORIESJapan economy watcher index sank to record low in April as virus throttled economy Japanese firms in unprecedented crisis due to coronavirus Coronavirus might cost Japan over 1 million jobs, economists say Japan industry groups offer guidance on how to coexist with COVID-19Japan slips into recession, but worst is yet to come For graduating students, job conditions have been favorable in recent years because of a labor shortage caused by the nation's rapidly graying society. (news.financializer.com). As reported in the news.

giroir: Sen, according to CNN. Lamar Alexander held a hearing where President Donald Trump's testing czar Brett Giroir acknowledged his efforts remain a work in progress. Angus King spent weeks seeking a national coronavirus testing plan. (news.financializer.com). As reported in the news.

face masks: Face masks delivered from the convenience store chain's headquarters are worn by employees, who are also asked to take their own temperature every day before work, according to The Japan Times. Anything above 37.5 degrees Celsius and they stay home. ; These anti-contamination measures have been introduced at many of 7-Eleven's 20,938 outlets nationwide, but the more interesting changes are coming from consumers. At a 7-Eleven in the city's Ijuin neighborhood, transparent plastic sheets hang between cashiers and customers to block any pathogen-laced droplets produced by coughing and sneezing. Bananas and bottled water have been flying off shelves, for example, while previously popular onigiri rice balls and ready-to-eat sandwiches sit largely untouched. However, those that do visit the store typically spend more money. Despite being relatively unaffected by the global pandemic, the number of customers at the 7-Eleven in Ijuin has dropped off as official stay-at-home requests are heeded. (news.financializer.com). As reported in the news.

japan: New York was relatively slow to address the pandemic and has since seen more than 15,000 people die from the infection, according to The Japan Times. Although the article is careful to point out the demographic and cultural differences at play, the general theme is that Seattle's success in bringing the virus under control was because scientists were in charge of the message from the start, while politicians were directing traffic in New York. Washington was the first state in the United States to identify a resident who had contracted the virus, and Seattle, its biggest city, quickly acted to contain a serious outbreak. Something similar could be said about the difference in response between South Korea and Japan. Japan's methods have been more improvisational. South Korea managed to suppress its own outbreak early on thanks to a concerted effort to test and trace based on expert guidelines. (news.financializer.com). As reported in the news.

rice cultivation: The greatest concern of associate professor Toshiaki Iida of the University of Tokyo's Faculty of Agriculture is the possible impact on the nation's rice crop, according to The Japan Times. A source in the department of the Land, Infrastructure, Transport and Tourism Ministry responsible for control of water resources tells the magazine that water levels at dams and reservoirs are normal for this time of year. A source in the Meteorological Agency is quoted as saying that rainfall between now and August is predicted to match the seasonal average, which means it might not be sufficient to make up for the lack of snow. ; About two thirds of the country's water resources go to farming some 94 percent of which is used for rice cultivation. However, the volume of use for agriculture increases during spring, so we'll be monitoring the situation very carefully, he said. The list also includes several Japanese entertainers who are popular in South Korea, including model and actor Ryohei Otani and actress Saki Fukuda, who for the past half decade has performed in South Korean dramas. Can entertainment help relieve the strained relations between Japan and South Korea However grudgingly, Shukan Bunshun May 7-14 was clearly so impressed by Parasite winning best picture at this year's Academy Awards that it dedicated a dozen glossy pages at the front and back of the issue to South Korea's top actors, vocalists, dancers and models. (news.financializer.com). As reported in the news.

fear decline: In the past few weeks, 17 infections were confirmed at a post office call center in Hokkaido and 11 at a Kyoto mail-order business. ; Japan Inc. has been reluctant to embrace telecommuting, with firms citing concerns about data security, according to The Japan Times. Companies also fear a decline in worker productivity and customer service. Call centers have exposed one of the fault lines in Japan's fight against the pandemic, as it takes a less forceful approach than many countries. Dozens of us are still working in a crowded office, a worker at KDDI Evolva, KDDI's call center business, said. Until recently, the KDDI Evolva office in Tokyo was packed at peak hours with nearly 80 operators sitting less than a meter apart without partitions, said the worker, who spoke on condition of anonymity. We could be hit with mass infection any time. (news.financializer.com). As reported in the news.

heart-related procedure: Members of South Korea's parliamentary intelligence committee said after a meeting with the National Intelligence Service NIS that the reports were groundless, according to The Japan Times. The NIS assesses that at least he did not get any heart-related procedure or surgery, committee member Kim Byung-kee told reporters. Kim attended the completion of a fertilizer plant, North Korea's official media said Saturday, the first report of his appearing in public since April 11. ; His absence fueled a flurry of speculation about his health and whereabouts, with a South Korean news outlet reporting Kim was recovering from a cardiovascular procedure while CNN said U.S. officials were monitoring intelligence he was in grave danger after surgery. He was normally performing his duties when he was out of the public eye. But the lawmaker said Kim Jong Un only made 17 public appearances so far this year, compared with an average of 50 from previous years, which the NIS ascribed to a possible coronavirus outbreak in North Korea. RELATED STORIESSouth Korean findings suggest 'reinfected' virus cases are false positives At least there's no heart-related health problem. (news.financializer.com). As reported in the news.

travel: An IATA survey found 60 percent of respondents anticipate a return to air travel within one to two months of the containment of the COVID-19 pandemic while 40 percent could wait six months or more, according to The Japan Times. Another 69 percent could delay a return to air travel until their personal financial situation stabilizes. Passenger confidence will suffer a double whammy even after the pandemic is contained, hit by personal economic concerns in the face of a looming recession on top of lingering concerns about the safety of travel, Alexandre de Juniac, director general and CEO of the International Air Transport Association, said in a recent release. ; Governments and industry must be quick and coordinated with confidence-boosting measures, he said. RELATED STORIESHaneda begins temperature checks for domestic flights to combat virus American, Delta and United to require facial coverings on U.S. flights Battered by coronavirus pandemic, global tourism industry faces long road to recovery Japan's travel security info service to cover Line users The poll was conducted from April 6 to 9 on people who traveled by air in the last nine months in Australia, Canada, Chile, France, Germany, Japan, India, Singapore, the United Arab Emirates, Britain and the United States. People still want to travel. An immediate rebound from the catastrophic fall in passenger demand appears unlikely, the IATA chief said. (news.financializer.com). As reported in the news.

catastrophe years: Activists say the chemicals streaming from factories have contributed to a toxic brew that has killed and sickened many along its banks, according to The Independent. The environment minister recently called it an environmental hell . This town is a slow-motion Chernobyl, said Enrique Enciso, whose house in El Salto is perched just a few blocks from the river, and whose family has fought for more than a decade to clean it up. The river smells of industrial waste and sewage a catastrophe years in the making, with far-ranging consequences. THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - START THIS WAS ORIGINALLY IN THE FOOTER EJS FILE THIS IS TEMP CODE TO RESOLVE TEADS ISSUES ON SAFARAI - ISSUE-387 - END Download the new Indpendent Premium app Sharing the full story, not just the headlines Download now The river is a powerful example of Mexico's failure to protect its environment A New York Times analysis of 15 years of efforts to clean up the Santiago found that attempts floundered in the face of legal loopholes, deficient funding and a lack of political will. Created with Sketch. Now, Mexico has signed an expansive trade deal with the United States and Canada in which it made an explicit promise to conserve its environment a provision that was central to winning approval from Democrats in the US Congress. (news.financializer.com). As reported in the news.

chung kyung-shim: Cho faces a dozen charges, including bribery, document fraud, manipulation of evidence and public service ethics law violations, it added, according to The Japan Times. Together with his wife he is being prosecuted for falsifying documents regarding family investments and efforts to gain university admissions. The accusations are a setback for President Moon Jae-in after the liberal leader named Cho, a former top aide, to the Cabinet post to lead reform of the prosecutor's office, which critics saw as being susceptible to political pressure. ; The Seoul Central District Prosecutor's Office indicted Cho and his wife, Chung Kyung-shim, on Tuesday morning over family investment and using their position to gain admissions for his children, it said in a statement. Cho will remain free as he stands trial. Cho's lawyer, Kim Chil-joon, did not immediately respond to telephone calls or a text message to seek comment. Chung, who is also a university professor, was arrested in October on the same charges. (news.financializer.com). As reported in the news.