Sunday, April 4, 2021

A Singapore Skyline View for Migrant Workers

A Singapore Skyline View for Migrant Workers.lelemuku.com.jpg

WASHINGTON, LELEMUKU.COM - The Ferris wheel in Singapore was getting hit with raindrops.

But the migrant workers riding the Singapore Flyer did not seem to mind. They were trying to see the city skyline from above.

They were just a small number of at least 20,000 workers getting a free ride as a gift from members of the public and businesses.

The program ItsRainingRaincoats began a few years ago to help spread kindness to Singapore’s migrant workers. In January, it began calling for ride tickets to be donated to the workers.

Dipa Swaminathan is the group’s founder. She said a volunteer saw the rides as a meaningful way to use tourism money provided by the government.

Singapore citizens ages 18 and older have received about $74 each in tourism money. They must spend it on attractions, hotels and tours – all businesses that have lost money during the coronavirus pandemic.

Swaminathan’s group worked with the Ferris wheel operator and a booking website to get tickets for the foreign workers. A lot of people see that the workers have given so much to Singapore “and this is their chance to give back,” Swaminathan said.

“There’s a lot of joy in giving. I think that’s what causes the public…to support us” in these kinds of actions, she told The Associated Press.

The group will keep organizing rides as long as tickets come in.

A ticket, which includes entrance to an interactive space, costs about $26. There are currently enough tickets for 20,000 workers.

That is two percent of the 700,000 to 800,000 people who live in Singapore, Swaminathan estimates.

She said the “contained” nature of the Ferris wheel makes it a good fit.

Volunteers reminded the riders to keep their facial coverings on and keep a one-meter distance during a recent visit.

Ganesan Thivagar recently visited with a few other migrant workers.

They waited while rides were briefly stopped for bad weather. When it was time to go on, the 165-meter-high wheel did not offer such great views.

But that did not affect the 34-year-old. He was paying attention to the areas he could see. And he was struck by how much Singapore had changed since he arrived 14 years ago.

He quickly began taking pictures for his family, who live in India’s Tamil Nadu state.

“I am happy to enjoy the trip and enjoy together with my friends. Thanks to Singapore, (I get to) come here,” Thivagar said.

Workers like Thivagar have had a hard time. Their small living spaces had high coronavirus infection rates early during the pandemic.

Migrant workers have made up most of Singapore’s 60,000 reported cases. Last year, the high infection rates brought sudden attention to their situation – crowded living conditions, low wages and lack of healthcare.

Although the infection situation is under control, these workers have had more restrictions on movement than the general population. The rules are being eased by officials.

Natarajan Pandiarajan, who is 29, said the restrictions were “really difficult.” He was thankful for a break like his recent ride on the Ferris wheel. “Inside many feelings I also have. But this time now, coming on, happiness,” he said. (VOA)

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Microsoft to Make Augmented Reality Headsets for US Army Worth $22 Billion

Microsoft to Make Augmented Reality Headsets for US Army Worth $22 Billion.lelemuku.com.jpg

WASHINGTON, LELEMUKU.COM - Microsoft has announced a contract with the U.S. Army worth almost $22 billion to produce augmented reality headsets.

Augmented reality, or AR, is a technology that uses glasses toprojectcomputer-created pictures and information that add to what users see in the real, physical world.

The deal was announced Wednesday. Microsoft would supply at least 120,000 troops with the devices.

Military officials said the technology will improve soldiers’ ability to see their surroundings and identify targets and danger. The technology is based on Microsoft’s HoloLens headsets, which were first designed for video games.

The Army said the headsets could be used for both training and in battle. The army said the AR system could help troops gain an upper hand during battle. Soldiers first tested the gadgets last year.

The contract is worth up to $21.88 billion for up to 10 years, Microsoft said. The agreement goes for five years and could be extended for an additional five.

Microsoft President Brad Smith spoke about the technology to the U.S. Senate Armed Services Committee in February. He said soldiers could use the system to see at night and for facial recognition on the battlefield. He also described how it could help in hostage situations by creating an electronic representation of a building, what he called a “digital twin.”

Several technology companies have sought to use augmented reality for video games. Those efforts have largely been unsuccessful. But Microsoft’s Hololens 2 will be used by the Army. The company also wants the devices to be used to help doctors during medical operations, factory crews and others. Users can often control what they see on the device by using hand movements or voice commands.

The headset deal is part of Microsoft’s work as a defense contractor. The military also awarded Microsoft a $10 billion cloud computing contract in September. (VOA)

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Saturday, April 6, 2019

United States Sounds Warning as South Easy Asia Countries Choose Huawei for 5G

United States Sounds Warning as South Easy Asia Countries Choose Huawei for 5G
WASHINGTON, LELEMUKU.COM -  The United States is acknowledging that many countries are not heeding warnings about the possible security risks in allowing Chinese tech giant Huawei to build the next generation of high-speech wireless networks known as 5G.

The trend is particularly clear in Southeast Asia, where even U.S. allies are racing ahead to partner with Huawei and launch 5G networks in the coming years.

In February, Thailand launched a Huawei 5G test network in Chonburi. Thai authorities indicated that the affordability of Huawei's 5G services offset potential concerns over cybersecurity.

In the Philippines, its Globe Telecom is rolling out the nation's 5G network in partnership with Huawei.

In Malaysia, the country's leading communications and digital services company Maxis signed a memorandum of understanding with Huawei to cooperate and accelerate 5G development.

This week, six former top U.S. military officials, including two who were commanders for the U.S. Pacific Command, issued a blunt warning of a future where a Chinese-developed 5G network could be widely adopted among American allies.

"There is reason for concern that in the future the U.S. will not be able to use networks that rely on Chinese technology for military operations in the territories of traditional U.S. allies or emerging partners in Europe, Asia and beyond," said the former military leaders in a statement.

"The immense bandwidth and access potential inherent in commercial 5G systems means effective military operations in the future could benefit from military data being pushed over these networks," they added.

And U.S. Secretary of State Mike Pompeo on Thursday warned some European countries could soon find themselves cut off from U.S. intelligence and other critical information if they continue to cultivate relationships with Chinese technology firms.

"We've done our risk analysis," Pompeo said, following a NATO ministerial meeting in Washington. "We have now shared that with our NATO partners, with countries all around the world. We've made clear that if the risk exceeds the threshold for the United States, we simply won't be able to share that information any longer."

For U.S. officials, the threat posed by a Chinese-built communication network could not be clearer.

"Huawei is not a state-owned enterprise. But Huawei is a Chinese company and what we do know is several things. One, broadly speaking, Chinese companies will respond to requests for demands from the Chinese government. Telecommunications is a vital part of national backbones. It has military security implications. It has financial and economic implications," said Dean Cheng, a senior research fellow of Washington-based Heritage Foundation.

​Cheap. Fast. Secure?


Huawei insists that it would not turn information over to Chinese authorities if they demanded it, but few outside analysts believe any Chinese company would stand up the country's authoritarian government. U.S. officials are even more direct.

"What we do is in our national interests, we see with companies like Huawei that are supported, if not directed, by central authorities in China. We see challenges and potential threats to the sanctity, the security of our systems in our networks, and the best we can do with our friends and partners and allies, is to share our information, share our experience," Patrick Murphy, Principal Deputy Assistant Secretary of State for East Asian and Pacific Affairs, told VOA at a recent seminar at the U.S. Institute of Peace.

That message clearly has had a mixed reception, especially after years when the United States' vast electronic eavesdropping capabilities have drawn criticism.

Richard Kramer, founder of Arete, a technology research firm based in London, said leaks from U.S. security agencies in recent years have revealed close cooperation between the federal government and U.S. telecoms and tech firms around intelligence gathering.

The U.S. position, he said, seems to be: "We don't want China to spy on us, but we want to be able to spy on them."

Will pressure backfire?


Even in countries where there are open political concerns over the growing power of Chinese influence, too much U.S. pressure could backfire, said Anthony Nelson, Director of the East Asia and Pacific practice at the Albright Stonebridge Group, a global business strategy firm.

"Southeast Asian countries that are looking to balance their military relationships with the U.S. and China are not motivated by Washington's security concerns, with the notable exception of Vietnam," Nelson said.

Vietnam has had tensions with China in recent years over disputed territory and trade issues. Vietnamese Ambassador to the U.S., Ha Kim Ngoc, told VOA that all companies operating in the country need to respect Vietnam's sovereignty.

"We have one principle: They need to respect our sovereignty, national sovereignty," said the ambassador at the recent USIP event. (VOA)

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Saturday, March 16, 2019

US Regulators Charge Volkswagen, Ex-CEO With Defrauding Investors

US Regulators Charge Volkswagen, Ex-CEO With Defrauding InvestorsWASHINGTON, LELEMUKU.COM - U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal.

The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one if its darkest eras.

The SEC said that between April 2014 and May 2015, Volkswagen issued more than $13 billion in bonds and asset-backed securities in U.S. markets when senior executives knew that more than 500,000 vehicles in the country grossly exceeded legal vehicle emissions limits.

Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and the company's financial standing, which gave Volkswagen a financial benefit when it issued securities at more attractive rates for the company, according to the SEC.

“Volkswagen hid its decade-long emissions scheme while it was selling billions of dollars of its bonds to investors at inflated prices,” said Stephanie Avakian, co-director of the SEC's enforcement division.

In September 2015 Volkswagen installed software on more than 475,000 cars that enabled them to cheat on emissions tests, according to the Environmental Protection Agency. The software reduced nitrogen oxide emissions when the cars were placed on a test machine but allowed higher emissions and improved engine performance during normal driving.

In 2016 the Justice Department sued Volkswagen over the emissions-cheating software and the Federal Trade Commission sued the company, saying it made false claims in commercials promoting its “Clean Diesel” vehicles as environmentally friendly.

Winterkorn resigned saying he took responsibility for the fraud, but insisted he personally did nothing wrong.

Volkswagen said Friday that the SEC is simply repeating unproven claims about Winterkorn.

“Regrettably, more than two years after Volkswagen entered into landmark, multibillion-dollar settlements in the United States with the Department of Justice, almost every state and nearly 600,000 consumers, the SEC is now piling on to try to extract more from the company,” the company said in a prepared release.

The company has paid some $20 billion in fines and civil settlements. It has also pleaded guilty to criminal charges in the United States and several managers, including Winterkorn, were charged there.

The surprise charges from the SEC arrive as the German company attempts to distance itself from the scandal. On Tuesday the automaker said that it planned to ramp up production of electric vehicles over the next ten years, to 22 million, and reduce its carbon footprint over vehicle life cycles by 30 percent.

Volkswagen's pivot to electric vehicles comes as it seeks to comply with new limits on carbon dioxide emissions in Europe, and a push by China for more low-emission vehicles.

The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Volkswagen AG, its subsidiaries Volkswagen Group of America Finance, LLC and VW Credit, Inc., and Winterkorn with violating the antifraud provisions of the federal securities laws.

The SEC seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest and civil penalties. It also wants to bar Winterkorn from holding any corporate officer or director positions. (VOA)

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Monday, February 25, 2019

Fun Facts & Figures from This Year's Oscar Nominations

Fun Facts & Figures from This Year's Oscar NominationsWASHINGTON, LELEMUKU.COM - Some fun and interesting facts about Tuesday's nominations for the 91st Academy Awards:

  • After more than 30 years and some two dozen films, Spike Lee received his first Academy Award nomination for best director for "BlacKkKlansman." It's also the first time one of his movies has been nominated for best picture.
  • Glenn Close's best actress nomination for "The Wife" is her seventh, and could finally mean her first Oscar. She has more nominations without a win than any other living actor or actress.
  • "Black Panther'' is the first Marvel movie - and the first superhero film of any kind - to be nominated for best picture. Its $700 million box-office take is more than the earnings of the other seven best-picture nominees combined.
  •  "Roma" is the first Netflix film to be nominated for best picture.
  • Sam Elliott's first Oscar nomination - for best supporting actor in "A Star Is Born" - comes 50 years after his first acting credit, on the TV series "Judd, for the Defense."
  • Rami Malek, nominated for playing Queen frontman Freddie Mercury in "Bohemian Rhapsody," is the only first-time Oscar nominee among the men up for best actor. He's up against multiple nominees Christian Bale, Bradley Cooper, Viggo Mortensen and Willem Dafoe.
  • Yalitza Aparicio's nomination for "Roma'' comes in her first role as an actress.
  • This is the second of Hollywood's four versions of "A Star Is Born," to get a best picture nomination, along with the 1937 original. The 1954 and 1976 versions each got several Oscar nominations, but not for best picture.
  • No women were nominated for best director this year. The number of female directorial nominees in the 91-year history of the Oscars remains five.
  • Eighty-seven countries submitted movies to be considered for best foreign language film. Five got nominations : Germany, Japan, Lebanon, Mexico and Poland.


- Bob Hope hosted the Oscars a record 19 times. No one is scheduled to host this year's ceremony. (VOA)

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Thursday, February 21, 2019

Indonesia Speeds Up Development in 4 Strategic Tourism Destinations

Indonesia Speeds Up Development in 4 Strategic Tourism DestinationsJAKARTA, LELEMUKU.COM - Minister of Public Works and Public Housing Basuki Hadimuljono has expressed the Government’s commitment to improve infrastructure and facilities in four tourism strategic areas (KSPN), namely Lake Toba, Borobudur Temple, Labuan Bajo, and Mandalika.

Those four tourism strategic areas are part of the Twelve National Tourism Strategic Area (KSPN) known as “the New Bali”.

Basuki added that with adequate infrastructure and facilities, it is expected that tourists will stay longer in Indonesia. He also said that infrastructure development in those areas also takes into account disaster risk management.

In the meantime, Head of Center for Strategic Areas Development (BPIW) of Ministry of Public Works and Public Housing Hadi Sucahyono said that BPIW continued to coordinate with a number of related agencies such as the Geological Agency and the National Disaster Mitigation Agency (BNPB).

“Infrastructure development in the KSPN is planned in an integrated manner, including by structuring the area, improving road access, providing raw water and clean water, managing waste and sanitation, and improving residents’ occupancy through an infrastructure development master plan prepared by the Regional Infrastructure Development Agency,” he said.

The master plan for the development of KSPN, he added, is made for the next ten years with more details made in a five-year plan, while an evaluation is carried out annually. “Key tourism areas become a top priority in our infrastructure development,” Hadi said.

“The focus is on the development of four KSPN given the number of tourists visiting the areas continues to increase. Investment is a key driver to boost economic potentials of the regions,” Hadi said, adding that infrastructure development is not only to attract tourists but also to improve quality of life of the communities and to boost local economic potentials.

“The Ministry supports the development of infrastructure that is not only beneficial for tourists but also for low-income communities,” Hadi added.

In Mandalika, the Government has made several efforts to re-structure Kuta village by repairing six roads, pavements, drainage systems, and public open spaces equipped with a playground that can be enjoyed by the locals.

The Government has also provided assistance for low-income communities with decent housings through 200 self-help housing programs in Central Lombok regency, which can be used as homestays. Moto GP circuit will also be built in Mandalika with the five-star hotel standard around the area.

In Lake Toba, the Government has improved access from Silangit airport to both the outer ring and the circumference in Lake Toba, including by dredging the river channel and building Tano Ponggol bridge as well as the Lumban Pea and Lumban Julu integrated rest area.

In Kampung Ujung, Labuan Bajo, which is the hub to cross to Komodo Island, eateries have been built, equipped with accessible roads and drainage.

In Borobudur Temple, the Government has revamped a number of tourist destinations near the temple such as Mendut Temple, Pawon Temple, and Puthuk Setumbu. The Government has also improved access from the new airport in Kulonprogo. (Setkab)

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#UninstallBukalapak Campaign Can Hurt Indonesian E-Commerce

UninstallBukalapak Campaign Can Hurt Indonesian E-CommerceJAKARTA, LELEMUKU.COM - Coordinator of Special Staff to the President Teten Masduki said that President Joko ‘Jokowi’ Widodo is not angry on Bukalapak CEO Achmad Zaky’s controversial tweet.

“The President is not angry and accepts his (Zaky) apology,” Teten told reporters after accompanying President Jokowi in a meeting with Zaky at the Merdeka Palace, Jakarta, Saturday (16/2). The President asked the CEO of Bukalapak to be more careful and despite the wrong data used, he agreed with the issue raised by Zaky.

Teten expressed hope that the meeting can stop the recent commotion which according to him is ‘economically unfavorable.’

The Government has provided a lot of support in terms of, for example, regulation and financing in order to help many start-up companies to grow. Therefore, the President is concerned that the recent #UninstallBukalapak hashtag movement on Twitter would hurt e-commerce business in Indonesia.

For the record, Bukalapak is one of the four Indonesian unicorns (start-up company with a current valuation of US$1 billion or more) that developed during the administration of President Jokowi. The other three are Go-jek (ride-hailing and logistic service), Traveloka (airline ticketing and hotel booking service), and Tokopedia (online marketplace).

“These four companies, which are also listed in 10 strongest startups in Southeast Asia, are our pride,” Teten said. (Setkab)

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Sunday, February 17, 2019

Fiascos and Fumbles: Oscar Organizers Stumble to Restore Glory

Fiascos and Fumbles: Oscar Organizers Stumble to Restore GloryLOS ANGELES, LELEMUKU.COM - First it was the furor over a proposed new "popular" film category, then it was the fiasco over planned host Kevin Hart, and last month the organizers of the Oscars were accused of intimidating celebrities not to present at rival award shows.

Last week, another storm erupted when, as part of a pledge to shorten next Sunday's Oscars ceremony, plans to present awards for cinematography, film editing, live-action shorts and makeup/hairstyling during commercial breaks were slammed as insulting by actors, directors and cinematographers. Five days later, the plan was scrapped.

It's been a tough 12 months for the Academy of Motion Picture Arts and Sciences as it battles to restore its annual Oscars show to a must-see event after the U.S. television audience slumped to an all-time low last year.

"This year, the bigger question than who will win at the Oscars is what the heck is going on at the academy?" said Tim Gray, awards editor at Hollywood trade publication Variety.

"There have been a slew of bungles," Gray added. "I feel they are flailing around and acting out of desperation."

Under pressure from the ABC television network to trim and liven up the ceremony, the academy has seen many of its efforts backfire.

Bungles include a retreat in September over a proposed new "popular film" category, the withdrawal in December of Oscars host Kevin Hart because of past homophobic tweets, and an accusation in January by the U.S. actors union that the academy was pressuring celebrities not to appear or present at award ceremonies other than the Oscars.

The Oscars is the last in a long Hollywood season that sees award shows and celebrity-packed red carpets every week over two months.

"The academy is caught between its role as a venerable institution that confers honors for the ages on film and the demands of the hurly-burly of social media, the 24/7 news cycle and the demands of the ratings," said Sharon Waxman, founder and editor in chief of Hollywood website The Wrap.

'People really care'

The academy did not return a request for comment for this story, but said in a letter to members last week that show producers "have given great consideration to both Oscar tradition and our broad global audience."

ABC Entertainment President Karey Burke told reporters earlier this month she believed that the publicity around the Kevin Hart withdrawal showed the Oscars was still relevant.

"I, ironically, have found that the lack of clarity around the Oscars has kept the Oscars really in the conversation, and that the mystery has really been compelling," Burke said. "People really care."

The missteps have all but drowned out initial kudos over this year's diverse Oscar nominations list, which range from art house films like "Roma" to superhero blockbuster "Black Panther" and crowd-pleasing musicals "Bohemian Rhapsody" and "A Star is Born."

Awards watchers say the Academy's efforts to deliver a compelling show for viewers next week still risk falling flat.

"The Academy is dealing yet again with what appears to be a leading film that is a very small film, in Spanish, and in black and white, that has not been seen by that many people, Waxman said, referring to best picture front-runner "Roma."

Recent best-picture winners include small art-house films "The Shape of Water" last year and "Moonlight" in 2017.

"That is the more fundamental problem the Academy is facing with this telecast," Waxman added.

Variety's Gray said that, for the movie industry, the Oscars ceremony is always an enjoyable family get-together.

"The Oscars should also be fun for the viewing audience," he said. "We will see if they are." (VOA)

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Friday, February 15, 2019

Inpex LNG Tanker Oceanic Breeze Makes First Call at Japan

Inpex LNG Tanker Oceanic Breeze Makes First Call at JapanTOKYO, LELEMUKU.COM - Inpex Corporation announced that the LNG Tanker Oceanic Breeze called for the first time at Inpex’s Naoetsu LNG Terminal (the Terminal) located in Joetsu City, Niigata Prefecture, Japan, delivering a cargo of liquefied natural gas (LNG) from the Inpex-operated Ichthys LNG Project (the Project) in Australia.

Oceanic Breeze is owned by Oceanic Breeze LNG Transport S. A. (OBLT), a joint venture between Inpex Shipping Co., Ltd. (Inpex Shipping) (30%) and Kawasaki Kisen Kaisha Ltd. (K-Line) (70%), and designated to transport the 0.9 million tons per year of Ichthys LNG entitled to INPEX.

Oceanic Breeze’s transportation and delivery of Ichthys LNG to the Terminal marks a significant milestone in Inpex’s development of a global gas value chain business, positioned as one of the company’s business targets outlined in Vision 2040 announced in May 2018.

Going forward, Inpex will continue to strive to serve its customers with safe and stable supplies of natural gas, an environmentally friendly fuel.

Inpex Corporation is Japan’s largest exploration and production (E&P) company, and a mid-tier E&P player just behind the world’s oil majors.

Inpex is currently involved in approximately 70 projects across more than 20 countries, including the Ichthys LNG Project in Australia as Operator. Inpex aims to become a leading energy company and continue providing a stable and efficient supply of energy to its customers. (Inpex)

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Monday, February 4, 2019

Nissan Cancels Plans to Make SUV in UK

Nissan Cancels Plans to Make SUV in UKLONDON, LELEMUKU.COM - Nissan announced Sunday it has cancelled plans to make its X-Trail SUV in the UK — a sharp blow to British Prime Minister Theresa May, who fought to have the model built in northern England as she sought to shore up confidence in the British economy after it leaves the European Union.

Nissan said it will consolidate production of the next generation X-Trail at its plant in Kyushu, Japan, where the model is currently produced, allowing the company to reduce investment costs in the early stages of the project.

That reverses a decision in late 2016 to build the SUV at Nissan's Sunderland plant in northern England, which employs 7,000 workers. That plant will continue to make Nissan's Juke and Qashqai models. The announcement Sunday made no mention of any layoffs relating to the X-Trail SUV decision.

"While we have taken this decision for business reasons, the continued uncertainty around the UK's future relationship with the EU is not helping companies like ours to plan for the future," Nissan Europe Chairman Gianluca de Ficchy said in a statement.

Less than two months before Britain is scheduled to leave the European Union on March 29, Britain still doesn't have an agreement on what will replace 45 years of frictionless trade. This has caused an enormous amount of concern among businesses in Britain, which fear the country is going to crash out of the vast EU trade bloc without a divorce deal, a scenario economists predict would hurt the U.K. economy.

The Nissan decision, first reported by Sky News, is a major setback for May's Conservative government, which had pointed to Nissan's 2016 announcement that Sunderland would make the SUV — months after the country's Brexit referendum — as proof that major manufacturers still had confidence in Britain's economic future.

Nissan's announced its plans to build the X-Trail and Qashqai models in Sunderland after the government sent a letter to company officials offering undisclosed reassurances about its ability to compete in the future.

British politicians have sharply criticized May's Brexit deal and voted it down in Parliament.

May's government has refused to rule out a no-deal Brexit, saying the threat strengthens her hand with EU negotiators. Parliament voted last week to give May more time to try to iron out a compromise with the bloc.

Nissan's change of heart comes just days after Britain's carmakers issued a stark assessment about Brexit's impact on the industry, warning that their exports are at risk if the U.K. leaves the EU without an agreement.

Investment in the industry fell 46 percent last year and new car production dropped 9.1 percent to 1.52 million vehicles, in part because of concerns over Brexit, the Society of Motor Manufacturing said.

The group's chief executive, Mike Hawes, described the threat of a no-deal Brexit as "catastrophic."

He says the drop in investment is only a foreshadowing of what could happen if the U.K. leaves the EU on March 29 without a deal.

"With fewer than 60 days before we leave the EU and the risk of crashing out without a deal looking increasingly real, UK Automotive is on red alert," Hawes said Thursday. "Brexit uncertainty has already done enormous damage to output, investment and jobs." (VOA)

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Friday, January 25, 2019

Inpex Awarded Two Exploration Licenses in Norway’s Awards in Predefined Areas (APA) 2018

Inpex Awarded Two Exploration Licenses in Norway’s Awards OSLO, LELEMUKU.COM - Inpex Corporation announced that through its subsidiary Inpex Norge AS, it has been awarded exploration licenses PL1027 located in the western Barents Sea offshore and PL1016 located in the northern Norwegian Sea offshore the Kingdom of Norway as part of Norway’s Awards in Predefined Areas (APA) 2018 licensing round.

The annual APA licensing rounds aim to promote the further exploration of blocks in previously explored, mature areas by allowing tenders to be submitted for any acreage within predefined areas where licenses have not been awarded.

The licenses provide the groundwork for Inpex’s third and fourth exploration projects in Norway following the company’s acquisition of exploration license PL950 in 2018, and are expected to contribute to the further enhancement of Inpex’s global project portfolio.

Inpex will next follow the required administrative procedures involving Norwegian government authorities, the operators of the licenses and partners prior to assessing the possibility of discovering hydrocarbon deposits through exploration activities.

PL1027 is located in the western Barents Sea approximately 250 kilometers offshore Norway and covers a surface area of approximately 1,220 square kilometers where the water depth is approximately 440 meters.

PL1016 is located in the northern Norwegian Sea approximately 250 kilometers offshore Norway and covers a surface area of approximately 1,310 square kilometers where the water depth ranges between approximately 350 and 1,000 meters.

Additionally and also as a part of the APA 2018 licensing round, Inpex was awarded a 40% participating interest in exploration license PL767B, an extension area to exploration license PL767 in which Inpex acquired* a 40% interest in 2017.

Oil and natural gas exploration activities in the Norwegian sector of the North Sea began in the 1960s, resulting in the discovery of numerous large-scale oil and gas fields. Thereafter, exploration activities have expanded north to the Norwegian Sea and the Barents Sea. In recent years, oil and gas fields estimated to hold reserves of several hundred million barrels of oil equivalent have been discovered in succession in the Barents Sea, which is considered to be a promising area where further hydrocarbon discoveries are believed possible.

The acquisition of these licenses is aligned to Inpex’s pursuit of the “sustainable growth of oil and natural gas E&P activities,” one of the growth targets outlined in the company’s “VISION 2040” announced in May 2018.

Through Inpex Norge AS, which it established in 2014, Inpex will continue to proactively pursue full-scale oil and natural gas exploration and development activities in Norway. The impact of this award on the company’s consolidated financial results is minimal. (Inpex)

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Thursday, January 24, 2019

EU Calls for Tougher Checks on Golden Visa Applicants

EU Calls for Tougher Checks on Golden Visa ApplicantsBRUSSELS, LELEMUKU.COM - The European Union on Wednesday warned countries running lucrative schemes granting passports and visas to rich foreigners to toughen checks on applicants amid concern they could be flouting security, money laundering and tax laws.

EU countries have welcomed in more than 6,000 new citizens and close to 100,000 new residents through golden passport and visa schemes over the past decade, attracting around 25 billion euros ($28 billion) in foreign direct investment, according to anti-corruption watchdogs Transparency International and Global Witness.

In a first-ever report on the schemes, the EU Commission said that such documents issued in one country can open a back door to citizenship or residency in all 28 states.

Justice Commissioner Vera Jurova said golden visas are the equivalent of "opening the golden gate to Europe for some privileged people."

"We want more guarantees related to security and anti-money laundering. We expect more transparency," she told reporters in Brussels.

Bulgaria, Cyprus and Malta offer passports to investors without any real connections to the countries or even the obligation to live there by paying between 800,000 and 2 million euros ($909,000 to $2.3 million).

Twenty EU states offer visas in exchange for investment: Britain, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia and Spain.

Investment can range from 13,500 euros to over 5 million euros ($15,350 to $5.7 million) in the form of capital and property investments, buying government bonds, one-time payments to the national budget or certain donations to charity.

Cyprus toughened up vetting procedures last year after it was accused of running a "passports-for-cash" scheme. It said passport numbers would be capped at 700 a year.

The Mediterranean island introduced the scheme in the wake of a 2013 financial crisis that brought the country to the brink of bankruptcy and forced it to accept a multibillion-euro rescue program from creditors. One Cyprus lawmaker has estimated that the scheme generated around 4.8 billion euros ($5.4 billion) between 2013 and 2016.

In compiling the report, Commission researchers struggled to obtain clear information about how the schemes are run, the number of applicants and where they come from, as well as how many are granted or refused visas. They noted that EU countries exchange little or no information about the applicants.

But the report did find that the security checks run on applicants are insufficient, and it recommends that EU computer databases like the one controlling Europe's passport-free travel area be used routinely. Tougher "due diligence" controls are also needed to ensure that money laundering rules are not circumvented, while more monitoring and reporting could help tackle tax evasion.

Migration Commissioner Dimitris Avramopoulos said the Commission "will monitor full compliance with EU law."

"The work we have done together over the past years in terms of increasing security, strengthening our borders and closing information gaps should not be jeopardized," he warned.

The Commission proposed setting up a working group with EU member countries to study the schemes by year's end.

The report angered Cyprus President Nicos Anastasiades, who underlined that, over the past five years, the number of citizenships granted by Cyprus under its scheme amounts to 0.3 percent of the EU's total.

He said that Cyprus has the toughest citizenship criteria among all 20 countries, "and despite this, Cyprus is being targeted."

"These double standards must finally come to an end and I want to be strict about this," Anastasiades said.

Malta welcomed the Commission report, but said it has "reservations on a few issues," notably that people it accepts under the schemes undergo far more rigorous checks than others granted residency or citizenship. It also underlined that physical presence in Malta is mandatory. (VOA)

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A Furloughed Kentucky IRS Worker Tries to Raise Money to Buy Insulin

A Furloughed Kentucky IRS Worker Tries to Raise Money to Buy InsulinWASHINGTON, LELEMUKU.COM - A furloughed Kentucky IRS worker with Type II diabetes says she's struggling to buy insulin because of the shutdown and so has started a GoFundMe to raise the needed cash.

The Cincinnati Enquirer reported Tuesday that Herlean Younce has worked at the IRS office in Covington for nearly 30 years and now says her paycheck is being held hostage. Younce, a married mother of three, says she needs her medication as "that whole staying alive thing is really important."

Other furloughed area workers and those who are working without pay say they are dipping into savings, asking others for money and relying on payment deferments and plans as the shutdown heads into its second month. (VOA)

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Wednesday, January 23, 2019

Shinzo Abe Seeks Trade Reform as Risks to World Economy Loom

Japan's PM, Shinzo Abe Seeks Trade Reform as Risks to World Economy LoomBERN, LELEMUKU.COM - Japan's prime minister says China's slowing growth, Brexit woes and U.S.-China trade disputes pose risks to the world economy, while decrying the World Trade Organization as "behind the curve" and in need of reform to help ease trade tensions.

Shinzo Abe used his return to the World Economic Forum in Davos, Switzerland, after five years to hail the benefits of two "mega deals" in trade— on the Pacific Rim and between Japan and the European Union— at a time when populism and isolationism have elbowed in on an era of globalism.

"The world economy is gradually and moderately improving. I think without a doubt this is taking place," he said. "Worldwide, however, there are risks. U.S.-China trade friction is one of those risks and Japan traditionally has said tit-for-tat trade-restrictive measures are of no benefit."

Abe said the WTO needs to be changed, calling for a trading system that protects intellectual property rights. That was a veiled reference to China, which the Trump administration and others say is cheating on trade rules and stealing intellectual property from Western companies.

"Major changes are taking place and the WTO is behind the curve— it's not keeping up with pace," Abe said in a brief question-and-answer session with the forum's chief. "We have to make the WTO into a more credible existence. We need to reform it."

Abe's appearance and a later speech by Germany's Angela Merkel were shaping up as a one-two punch by major leaders in favor of global cooperation. A day earlier, Brazilian President Jair Bolsonaro and U.S. Secretary of State Mike Pompeo extolled their governments' renewed focus on national self-interest.

Meanwhile, several other leaders— like those of the United States, Britain, and France— decided to not travel to Davos to deal with political troubles back home, including the U.S. government shutdown, Brexit, and popular protests.

China was set to get its say, too— and possibly retort against Western complaints about its trade policies. Vice President Wang Qishan was set to speak later Wednesday, the second day of the elite Davos gathering.

Away from the Swiss slopes, efforts were looming to defuse the U.S.-China tensions on trade. A high-level Chinese delegation is expected to visit Washington on Jan. 30, as the two sides seek to strike an accord to end their conflict.

However, Hong Kong's Beijing-backed chief executive said Wednesday she's ``quite worried'' that the rules-based system that has governed global trade for decades is under threat.

Carrie Lam said any erosion of traditional rules could lead to rising political tensions.

Worries over the future of the rules governing global trade have been stoked over the past couple of years, particularly since the election of U.S. President Donald Trump. His administration has taken umbrage against China and the two countries have imposed tariffs on hundreds of billions worth of traded goods, igniting a trade war that could seriously hobble the global economy.

Merkel, meanwhile, was to address the gathering amid growing uncertainty in Europe over Brexit after British lawmakers last week voted down Prime Minister Theresa May's deal with the European Union. Since then, speculation has risen that Britain could crash out of the bloc without a deal or that end up extending its date of departure from the current March 29. (VOA)

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Tuesday, January 22, 2019

China Grants Ivanka Trump 5 Trademarks Amid Trade Talks

China Grants Ivanka Trump 5 Trademarks Amid Trade TalksBEIJING, LELEMUKU.COM - The Chinese government has granted Ivanka Trump's company preliminary approval for another five trademarks this month, as her father's administration pushes ahead on trade negotiations with China.

Four trademarks, including child care centers, sunglasses and wedding dresses, were approved on Sunday. A fifth, covering brokerage, charitable fundraising and art valuation services, was approved on Jan.6, according to online trademark office records. The applications were filed in 2016 and 2017. If no one objects, they will be finalized after 90 days.

Ivanka Trump's expanding intellectual property holdings have long raised ethical concerns, particularly in China, where the courts and bureaucracy tend to reflect the will of the ruling Communist Party.

Ivanka Trump's lawyers in China did not respond immediately to a request for comment.

Critics argue that by asking a foreign government for valuable intellectual property rights, White House officials could open themselves to pressure in government negotiations. There is also concern that the family's global trademark portfolio would open the way for lucrative business opportunities once Donald Trump leaves office.

"The sheer number of foreign trademarks Ivanka Trump has gotten while working in the White House would be troubling enough, but the fact that she just got one for charitable fundraising when her father's namesake foundation — which she served as a board member for and is closing in scandal following a New York Attorney General investigation outlining numerous legal violations — is especially troubling," Jordan Libowitz, a spokesman for watchdog group Citizens for Responsibility and Ethics in Washington, said in an email.

Ivanka Trump closed her fashion brand in July. Her representatives assert that trademark filings are a normal business practice and are needed to protect her name from copycats seeking to capitalize on her fame.

Companies apply for trademarks for a range of reasons. They can be signs of corporate ambition, but many also are filed defensively, particularly in China, where trademark squatting is rampant.

China has said it treats all trademark applications equally under the law. (VOA)

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World Economy Forecast to Slow in 2019 Amid Trade Tensions

World Economy Forecast to Slow in 2019 Amid Trade TensionsBERN, LELEMUKU.COM - The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates.

The IMF said Monday that it expects global growth this year of 3.5 percent, down from 3.7 percent in 2018 and from the 3.7 percent it had forecast for 2019 back in October.

"After two years of solid expansion, the world economy is growing more slowly than expected and risks are rising,'' said IMF Managing Director Christine Lagarde as she presented the new forecasts at the World Economic Forum in Davos, Switzerland.

The fund left its prediction for U.S. growth this year unchanged at 2.5 percent— though a continuation of the partial 31-day shutdown of the federal government poses a risk. The IMF trimmed the outlook for the 19 countries that use the euro currency to 1.6 percent from 1.8 percent.

Growth in emerging-market countries is forecast to slow to 4.5 percent from 4.6 percent in 2018. The IMF expects the Chinese economy— the world's second biggest— to grow 6.2 percent this year, down from 6.6 percent in 2018 and slowest since 1990.

The World Bank and the Organization for Economic Cooperation and Development have also downgraded their world growth forecasts.

Britain's messy divorce from the European Union and Italy's ongoing financial struggles pose threats to growth in Europe.

And rising trade tensions pose a major risk to the wider world economy. Under President Donald Trump the United States has imposed import taxes on steel, aluminum and hundreds of Chinese products, drawing retaliation from China and other U.S. trading partners.

"Higher trade uncertainty will further dampen investment and disrupt global supply chains," said IMF chief economist Gita Gopinath.

Rising interest rates in the U.S. and elsewhere are also pinching emerging-market governments and companies that borrowed heavily when rates were ultra-low in the aftermath of the 2007-2009 Great Recession.

As the debts roll over, those borrowers have to refinance at higher rates. A rising dollar is also making things harder for emerging-market borrowers who took out loans denominated in the U.S. currency. (VOA)

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Monday, January 21, 2019

China's 2018 Economic Growth Edges Down Amid Trade War

China's 2018 Economic Growth Edges Down Amid Trade WarBEIJING, LELEMUKU.COM - China's 2018 economic growth decelerated to 6.6 percent after activity in the final quarter of the year declined amid a tariff battle with Washington.

Data announced Monday showed economic growth cooled to a post-global crisis quarterly low of 6.4 percent in the three months ending in December from the previous quarter's 6.5 percent.

Chinese economic growth has been slowing since regulators tightened controls on bank lending in late 2017 to rein in a debt boom.

Growth held up through much of 2018 despite President Donald Trump's tariff hikes on Chinese goods in a fight over Beijing's technology ambitions. But exports contracted in December as the penalties began to dampen demand.

Growth in investment, retail sales and other indicators also slowed. (VOA)

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Russian Media Watchdog, Roskomnadzor Moves Against Facebook and Twitter

Russian Media Watchdog, Roskomnadzor Moves Against Facebook and TwitterMOSCOW, LELEMUKU.COM - Russia's communication watchdog, Roskomnadzor, opened "administrative proceedings" Monday against Facebook and Twitter for non-compliance with country’s data laws, Interfax news agency reported.

Roskomnadzor head Alexander Zharov is quoted as saying that U.S. social media giants have a month to comply or face legal proceedings.

According to Roskomnadzor, Facebook and Twitter have not explained how and when they would comply with legislation that requires all servers used to store Russians' personal data to be located in Russia.

Russia has introduced stricter internet laws in the past five years, among other things requiring search engines to share encryption keys with Russian security services.

In April last year, thousands rallied in Moscow in support of internet freedom after Russian authorities attempted to block access to the popular messaging app Telegram.

Telegram had refused to give state intelligence services access to private conversations which are usually encrypted. (VOA)

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Sunday, January 20, 2019

As US-China Relations Cool, Iowa Farmers Hope History With Chinese Preserves Trade

As US-China Relations Cool, Iowa Farmers Hope History With Chinese Preserves TradeWASHINGTON, LELEMUKU.COM - The trade war between Washington and Beijing is hurting farmers who grow huge amounts of soybeans in Iowa for export to the massive Chinese market.

Farmers in Iowa hope that the strong commercial and close personal relationships that China and the U.S. farm state have nurtured for many years will help the two sides overcome complications like the record U.S. trade deficit with China.

Chinese President Xi Jinping has visited Iowa farmers repeatedly over the past couple of decades and former Iowa governor Terry Branstad is now the U.S. ambassador to Beijing.

The close ties have been strained by Washington’s allegations that China unfairly manipulates markets, steals American intellectual property, and creates bureaucratic obstacles to trade. China also accuses the United States of unfair practices.

Tariff war

The United States imposed tariffs on Chinese exports, and Beijing retaliated with tariffs on American agricultural products.

That meant that Iowa soybeans were more expensive and less competitive on global markets.

Demand for U.S. soybeans — and prices paid to U.S. farmers — plunged $85 a metric ton.

An Iowa farmer who manages several farms, including 153 hectares of soybeans, says his profits fell 100 percent for 2018. David Miller is not happy to lose money but says without the tariffs, China would not pay any attention to the talks.

Needing each other

China really needs what Iowa produces, according to Grant Kimberley, the marketing manager for the Iowa Soybean Association, who has been to China more than 20 times.

“China needs soybeans ... because their middle class has grown, and that means they are eating more protein in their diet, more meat, and if you have more meat production, you have to have more soybeans to feed those animals,” he said.

Kimberley’s family runs a 600 hectare farm, 48 kilometers from Des Moines, which was one of the places visited by Xi, who saw that it uses more advanced equipment and technology than is available to Chinese farmers.

The former director of Iowa’s department of natural resources, Roger Lande, and his wife, Sarah, have twice hosted Xi, at their home in the small town of Muscatine.

Roger Lande says sometimes China does things “we don’t like,” but all relationships, with family, friends and business associates, have ups and downs.

Kimberley is optimistic things will work out.

“Because that’s a long-standing relationship that’s been in place for 35 years,” he said. And “I think the overall underlying support and the people that are involved between the states and the province is still strong. And, and everybody recognizes that, over the long term, eventually this will get resolved,” he added.

Nevertheless, some farmers and U.S. experts worry that a lengthy dispute could mean American farmers permanently lose much of this crucial market.

As tariffs raised the cost of U.S. soybeans, Chinese pork producers have bought more beans from Brazil and other nations. In the future, they might also encourage Chinese farmers to boost production, or use more corn to feed their livestock. (VOA)

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China Expected to Report Slowest Growth in 28 Years

China Expected to Report Slowest Growth in 28 YearsBEIJING, LELEMUKU.COM - China is expected to report Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.

Growing signs of weakness in China, which has generated nearly a third of global growth in the past decade, are stoking worries about risks to the world economy and are weighing on profits for firms ranging from Apple to big carmakers.

Chinese policymakers have pledged more support for the economy this year to reduce the risk of massive job losses, but they have ruled out a flood of stimulus like that which Beijing has unleashed in the past, which quickly juiced growth rates but left a mountain of debt.

Estimated 2018 GDP: 6.6 percent

Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.4 percent in the October-December quarter from a year earlier, slowing from the previous quarter’s 6.5 percent pace and matching levels last seen in early 2009 during the global financial crisis.

That could pull 2018 gross domestic product (GDP) growth to 6.6 percent, the lowest since 1990 and down from a revised 6.8 percent in 2017.

With stimulus measures expected to take some time to kick in, most analysts believe conditions in China are likely to get worse before they get better, and see a further slowdown to 6.3 percent this year. Some analysts believe real growth levels are much weaker than official data suggest.

Even if China and the United States agree on a trade deal in current talks, which is a tall order, analysts said it would be no panacea for the sputtering Chinese economy unless Beijing can galvanize weak investment and consumer demand.

Prevent deflation, recession

Chen Xingdong, chief China economist at BNP Paribas, said investors should not expect the latest round of stimulus to produce similar results as during the 2008-09 global crisis, when Beijing’s huge spending package quickly boosted growth.

“What China can really do this year is to prevent deflation, prevent a recession and a hard landing in the economy,” Chen said.

On a quarterly basis, growth likely eased to 1.5 percent in October-December from 1.6 percent in the preceding period.

China will release its fourth-quarter and 2018 GDP data Monday (0200 GMT), along with December factory output, retail sales and fixed-asset investment.

Since China’s quarterly GDP readings tend to be unusually steady, most investors prefer to focus on recent trends.

Hints economy cooling quickly

Surprising contractions in December trade data and factory activity gauges in recent weeks have suggested the economy cooled more quickly than expected at the end of 2018, leaving it on shakier footing at the start of the new year.

Sources have told Reuters that Beijing was planning to lower its growth target to 6-6.5 percent this year from around 6.5 percent in 2018.

Tepid expansion in industrial output and weaker consumer spending is squeezing companies’ profit margins, discouraging fresh investment and raising the risk of higher job losses.

Some factories in Guangdong, China’s export hub, have shut earlier than usual ahead of the long Lunar New Year holiday as the tariff war with the United States curtails orders. Others are suspending production lines and cutting back on workers’ hours.

If the trade war drags on, some migrant workers may not have jobs to return to.

Trade talk deadline

Trade negotiators are facing an early March deadline and Washington has threatened to sharply hike tariffs if there are no substantial signs of progress.

So far, Chinese policymakers have fast-tracked construction projects and cut taxes and some import duties to spur demand.

To free up more funds for lending, particularly to more vulnerable smaller firms, the central bank has cut the amount banks need to set aside as reserves (RRR) five times over the past year, and guided borrowing costs lower.

Further RRR reductions are expected in coming quarters, but most analysts do not see a cut in benchmark interest rates just yet, as policymakers wait to see if earlier steps begin to stabilize conditions. More forceful easing could pressure the yuan and aggravate high debt levels, with money going into less efficient or speculative investments.

The government may unveil more fiscal stimulus measures during the annual parliament meeting in March, including bigger tax cuts and more spending on infrastructure projects, analysts say.

Some China watchers believe the government could deliver 2 trillion yuan ($295.13 billion) worth of cuts in taxes and fees this year, and allow local governments to issue another 2 trillion yuan in special bonds largely used to fund key projects.

Still, some analysts do not expect the economy to bottom out convincingly until summer. (VOA)

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