News from World

tag: Asia

23 February 2023

Ageing Society

As the UN commemorates World Day of Social Justice on February 20, we’re taking a look at one of the key challenges the world is facing in the coming decades: the gradual and largely irreversible shift towards an older population. According to the United Nations Population Division, the number of persons aged 65 and older is expected to double over the next three decades, reaching 1.6 billion in 2050. [Countries with the oldest population 2022 - Statista]

19 February 2023

An increase of more than 100% in imports worries the Brazilian footwear industry

The Brazilian Association of Footwear Industries (Abicalçados) is concerned about the latest data on Brazilian footwear imports. According to the entity, in January, footwear imports reached the value of US$ 49 million, 104% more than in the same month of last year. Representing more than 80% of imports, three Asian countries make up the list: China, Vietnam, and Indonesia. [Aumento de mais de 100% nas importações preocupa ... - expansao.co ]

23 January 2023

Costs of China’s concrete diplomacy

Many major Chinese-backed infrastructure projects around the world are falling apart. China’s $1 trillion “Belt and Road” initiative stretches from Asia and Africa to Latin America, investing in hydroelectric dams, housing projects, and other critical infrastructure. But concerns are growing over construction flaws at multiple China-financed and built sites, The Wall Street Journal reported. [China's Global Mega-Projects Are Falling Apart - WSJ]

13 January 2023

Cambodia footwear to slide in 2023

Cambodian garment exports are expected to slide during the first half of 2023, with footwear orders falling by potentially as much as 30%. [Cambodia footwear, garment exports to slide in 2023 - Just Style]

04 January 2023

The new energy map

Russia is expanding its gas pipeline to China, and the United States received its first Venezuelan oil exports in four years. Meanwhile, a hastily built terminal in Germany accepted its first shipment of U.S. gas. The Ukraine war has reshaped the global energy map, forcing Moscow to look east as Europe increasingly refuses its exports, and Washington to revive troubled relations with Caracas. Still, this energy diplomacy may have a short shelf life. Given China’s rapid investment in renewable energy, and the years-long build time of new gas pipelines, it may be that Moscow’s investment doesn’t pay off for long.

03 January 2023

Record profits for energy firms

Oil and gas companies’ stock prices shot up this year despite otherwise miserable results for global equities. The energy sector as a whole saw share prices rise 60 percent in 2022, compared to a decline of more than 20 percent for the S&P 500 index overall, according to the Financial Times.

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