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News24 Business | The Trump Trade and SA: Bad news for the rand and interest rates - for now

Donald Trump’s victory in the 2024 US presidential election may have just worsened prospects for the rand, the JSE and the broader SA economy.




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News24 Business | Trump’s incoming trade tirade could cause trouble for SA

SA has been benefitting from a trade pact with the US for almost 25 years. US President-elect Donald Trump might look to change that - but we aren’t sure yet.




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Trading the football field for the mission field

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Interpreting traditions

Long-term workers tell local friends the meaning of ancient traditions, sharing the Bible stories behind their rituals.




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Tests Match Charter, Traditional Schools

There are "no measurable differences" between the performance of charter schools and traditional public schools on national reading and math assessments from 2017, a finding that persists when parents' educational attainment was factored into the results.




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Stop Ignoring the Innovation That Happens in Traditional Public Schools

Three national educational funders explain a new program that is highlighting innovative practices in schools around the country.




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News24 Business | Rand hits best level in weeks as 'Trump trades' unwind

The dollar softened on Tuesday as traders squared positions on the day of the US presidential election, after recent polls dented some market bets on a victory for Republican Donald Trump.




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News24 Business | Rand slumps as traders bet on Trump victory

The rand fell, while the dollar surged and bitcoin hit a record high Wednesday while most US equity markets advanced as traders bet on a victory for Donald Trump as results for the US presidential election rolled in.




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News24 Business | Rand crashes through R18/$ as Trump trades ramp up

The US dollar rose toward a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.




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Military service is family tradition for Penn State Harrisburg father, daughter

Retired Master Sgt. Gary Barb, campus technology officer at Penn State Harrisburg, is a veteran of both the U.S. Navy, which he served from 1989 to 1993, and the Pennsylvania Air National Guard, which he served from 1994 to 2012. His daughter, Jessica Barb, is a communications major at Penn State Harrisburg, where she participates in the Army ROTC program, and serves in the Pennsylvania Army National Guard.




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News24 Business | 'Food inflation has all but disappeared': Bidcorp flags record trading, 'excellent' SA result

Shares of Bidcorp, the food services giant founded by Brian Joffe, jumped almost 5% on Tuesday after it reported a record revenue performance for the four months to end October, including an "excellent" result from SA.




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Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.




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Swiggy Shares Jump 7.7% Higher In Trading Debut After $1.4 Billion IPO

Shares of Indian food and grocery delivery firm Swiggy debuted 7.7% higher in pre-open trade on Wednesday.




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Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade

The rupee slipped 1 paisa to an all-time low of 84.40 against the US dollar in early trade on Wednesday, as persistent foreign fund outflows and a muted trend in domestic equities weighed on the local unit.




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Stocks Of Adani Group Firms Climb In Morning Trade

Shares of Adani group firms continued to attract heavy demand in morning trade on Tuesday, with Adani Total Gas climbing nearly 20 per cent.




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Sensex Rises By 305 Points, Nifty By 103 In Early Market Trade

Equity benchmark indices rallied in early trade on Wednesday amid continuous foreign fund inflows along with buying in heavyweight IT stocks, Reliance Industries and HDFC Bank.




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Advantages Of B2B Digital Marketing Over Traditional Marketing With BrandingExperts.com

This article will discuss why B2B digital marketing is advantageous over traditional marketing and why it is becoming rapidly crucial for businesses to make the switch





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Delaware Office of Women’s Advancement and Advocacy Releases Report on Delaware Women in Construction Trades

WILMINGTON, Del —The Office of Women’s Advancement & Advocacy, a Division of the Delaware Department of Human Resources, in partnership with the Delaware Departments of Labor and Education, released a new report titled- Delaware Women in the Construction Trades: A Path to Economic Security. The report examines the current state of women working in the […]



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DHSS Anuncia Organizaciones Seleccionadas para Operar el Programa de Atención Administrada de Medicaid

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Noramco Foreign Trade Zone approval granted

Noramco Inc. has become the first company in the state to include their facility in Delaware’s Foreign-Trade Zone under the Alternative Site Framework (ASF) and to be granted "Production Authority" by the Foreign Trade Zone Board of the U.S. Department of Commerce.



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Trade tensions hit South Korea FDI

The situation between the US and China is bad news for South Korea’s investment climate.




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Mexico teams up with Singapore to launch Tehuantepec trade corridor

President Obrador aims to mobilise billions in public and private investment to create an alternative to the Panama Canal along the Tehuantepec corridor. 




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Insight – The impact of recent South American free trade agreements on Australian agriculture

Recent South American free trade agreements will have implications for Australian agricultural exports.




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Insight – Austrade ‘lounge’ helps bring in F&B orders at Gulfood 2023

The world’s largest food and beverage (F&B) trade show – Gulfood – took place in Dubai, UAE from 19–23rd February. It brought together over 5,000 leading F&B companies. Over 120 Australian companies took part.




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Aussie food and beverage front and centre at Fijian trade show

Australian food and beverage were a hit at HOTEC, Fiji's premium tourism and hospitality trade event.



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Australia’s India trade deal set for December go-ahead

Australia’s landmark AI-ECTA trade deal to come into force on 29 December



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Austrade untangles cotton exports for LDC

Austrade’s assistance enabled Louis Dreyfus Company to get Australian cotton to Pakistani cotton manufacturers.



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Inquiry to strengthen our Trade Agreements (Ministerial)

This week I asked the Joint Standing Committee for Trade and Investment Growth consider the Australian Government’s approach to negotiating trade and investment agreements with international partners.




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Tassal reels in export success thanks to trade agreement with India

Tassal is exporting to India for the first time, aided by tariff cuts under the Australia-India Economic Cooperation and Trade Agreement.




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Auxin Solar alleges unfair trade practices from Chinese suppliers, asks Commerce to intervene

Auxin Solar named more than a dozen companies in its petition to Commerce Department officials.




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Total external trade rose to N6.9tn in Q2 – Shettima

Vice President Kashim Shettima has stated that trade facilitation programmes implemented by the current administration increased the country’s trade balance to N6.5tn in the second quarter of 2024. He said efforts to maximise economic opportunities ensured that exports to other countries accounted for 60.89 per cent, or equivalent to N19.42tn of total trade, representing a


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Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia

Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia Protectionist Trade Policy Dampens US Economy and Risks Conflict with Asia
Anonymous (not verified) Wed, 12/19/2018 - 14:24

East-West Wire

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News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

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East-West Wire

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News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

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Interpreting American Public Opinion on International Trade: How Should Asia Respond?

Interpreting American Public Opinion on International Trade: How Should Asia Respond? Interpreting American Public Opinion on International Trade: How Should Asia Respond?
Anonymous (not verified) Thu, 08/22/2019 - 12:38

East-West Wire

Tagline
News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

Explore

East-West Wire

Tagline
News, Commentary, and Analysis
East-West Wire

The East-West Wire is a news, commentary, and analysis service provided by the East-West Center in Honolulu. Any part or all of the Wire content may be used by media with attribution to the East-West Center or the person quoted. To receive East-West Center Wire media releases via email, subscribe here.

For links to all East-West Center media programs, fellowships and services, see www.eastwestcenter.org/journalists.

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Implications of Trump’s election on SA and global trade




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ActionSA details #Spaza4Locals strategy to combat foreign ownership and illicit trade in township spaza shops




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Soweto Business Forum ‘excited and very happy’ after Gauteng suspends vendors’ trading at schools




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At White House, Indonesia's new leader straddles US-China rivalry

white house — President Joe Biden and President Prabowo Subianto met Tuesday at the White House, marking the 75th anniversary of U.S.-Indonesia relations, part of a multination visit by the newly inaugurated leader of Southeast Asia's largest economy. "I will work very hard to strengthen Indonesia and United States relationship," said Prabowo, who goes by his first name. Biden said he looks forward to deepening the Comprehensive Strategic Partnership, the highest level among nontreaty allies, which the two countries signed in 2023. "That includes deepening our security cooperation," he said before their meeting. In brief remarks to the press, Biden twice raised an issue of concern for Washington: freedom of navigation in the South China Sea. He said he wanted to strengthen the U.S. partnership with Indonesia, "by advancing [a] free and open Indo-Pacific." "We'll discuss, also, global challenges, including in Gaza and the South China Sea," he said. China's nine-dash line The White House meeting came days after Prabowo's meeting with Chinese President Xi Jinping in Beijing, where Indonesia and China signed a series of agreements valued at about $10 billion and focusing on infrastructure, green energy, digital technology and agriculture. "In the present situation, geopolitical and geoeconomic, Indonesia and China have become very close partners in many, many fields," Prabowo said. One of the deals is to jointly develop fisheries, and oil and gas exploration in waters around Indonesia's Natuna Islands where China's "nine-dash line" marking its expansive claims in the South China Sea overlaps with Indonesia's Exclusive Economic Zone. Critics say the agreement risks implicitly validating China's territorial claims in the South China Sea, which, according to the United Nations, has no basis in international law. VOA asked the White House whether Biden was specifically referring to this deal in his meeting with Prabowo. "We continue to encourage Indonesia to work with their legal experts to make sure any agreement they make with the PRC [People's Republic of China] is in accordance with international law, especially the U.N. Convention on the Law of the Sea," said White House press secretary Karine Jean-Pierre. Beijing claims the major shipping route almost entirely, infringing into the EEZs of Indonesia, Vietnam, Malaysia, Brunei and the Philippines. All but Indonesia formally dispute the Chinese claim while Taiwan makes a claim to the sea similar to Beijing's. "It's a big deal for Indonesia," as a non-claimant country in the South China Sea dispute that supports the concept of a "free and open Indo-Pacific," said Klaus Heinrich Raditio, author on South China Sea issues and lecturer at Indonesia's Driyarkara School of Philosophy. "People will question our position," he told VOA. The Indonesian Foreign Ministry clarified Sunday that it remains firm in rejecting China's nine-dash line. Beijing's claim, Jakarta said, "does not comply" with the 1982 United Nations Convention on the Law of the Sea and "therefore has no bearing" on Indonesia's sovereignty and jurisdiction over the North Natuna Sea. Jakarta's agreement with Beijing highlights a "new phase of building the China-Indonesia community with a shared future," according to the joint statement. This reference supports "China's vision of a new global order that is anti-Western hegemony," Raditio said. It's unclear whether this language was an intentional signaling of a geopolitical shift or merely an overlook from a new administration eager to bolster ties with great powers. The Indonesian Embassy in Washington has not responded to VOA's queries. "Most likely, it is a bureaucratic mistake," Raditio said. "We put too much attention on economic cooperation. How many investments that we can attract from China? We kind of sideline other important issues." Prabowo's outreach to Trump Just as important to Jakarta as the White House meeting is Prabowo's outreach to U.S. President-elect Donald Trump. Jakarta is gearing up for Trump's new administration that begins in January. "Wherever you are, I'm willing to fly to congratulate you personally, sir," Prabowo said in a call to Trump that was posted Monday on his social media. The Trump team has not responded to VOA's queries on the conversation. U.S. foreign policy under Trump "may become more transactional and more focused on elements related to U.S.-China, competition," said Andreyka Natalegawa, associate fellow for the Southeast Asia Program at the Center for Strategic and International Studies. "The downside risk of this as it relates to Southeast Asian countries, is that it may limit some of the decision-making space they have in their diplomatic affairs," Natalegawa said. Prabowo has voiced ambitions to raise Indonesia's international profile and has made early foreign policy moves, including a surprise decision to join Southeast Asia's largest economy to the BRICS bloc. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a growing group of emerging economies seen as a counterweight to the West. In October, BRICS added Indonesia as one of the group's 13 new "partner countries." The move could be a shift away from the position taken by Prabowo's predecessor, Joko Widodo, who took in massive amounts of infrastructure investments from Beijing but remained mostly nonaligned geopolitically. The White House visit marks a milestone for Prabowo, who was barred from entering the U.S. under the Clinton, Bush and Obama administrations over his role in abducting activists of the 1998 "Reformasi" movement that ousted President Suharto, Prabowo's then father-in-law. The Trump administration lifted the visa ban for then-Defense Minister Prabowo, for his visit in 2020.




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Trump and trade worries cloud COP29 climate summit in Azerbaijan

Baku, Azerbaijan — The annual U.N. climate summit kicks off Monday with countries readying for tough talks on finance and trade, following a year of weather disasters that have emboldened developing countries in their demands for climate cash. Delegates gathering in Azerbaijan's capital of Baku are hoping to resolve the summit's top agenda item – a deal for up to $1 trillion in annual climate finance for developing countries. The summit's negotiating priorities, however, are competing for governments' resources and attention against economic concerns, wars in Ukraine and Gaza and last week's U.S. re-election of Donald Trump, a climate-change denier, as president of the world's biggest economy. COP29 host Azerbaijan will be tasked with keeping countries focused on agreeing to a new global finance target to replace the current $100 billion pledge expiring this year. The Caspian Sea nation, often proud of being home to the world's first oil wells, will also be under pressure to show progress from last year's COP28 pledge to transition away from fossil fuels. The country's oil and gas revenues accounted for 35% of its economy in 2023, down from 50% two years prior. The government says these revenues will continue to decline, to roughly 32% of its GDP this year and 22% by 2028. Before the summit talks can even begin, countries will need to agree on an agenda by consensus – including an 11th-hour proposal by China to bring trade disputes into the mix. The Chinese proposal - made on behalf of the fast-developing "BASIC" group of countries including Brazil, India and South Africa - asked for the summit to address "restrictive trade measures" such as the EU's carbon border tariffs going into effect in 2026. Those concerns have been compounded by Trump's campaign promise to impose 20% tariffs on all foreign goods – and 60% on Chinese goods. China's request showed it was flexing power following Trump's re-election, which signaled the United States' likely disengagement from global climate cooperation, said Li Shuo, director of China Climate Hub at the Asia Society Policy Institute. Trump has called climate change a hoax and vowed to withdraw the U.S. from the Paris Agreement, the global treaty to reduce planet-warming emissions. The European Union, along with current U.S. President Joe Biden's administration, have been pressing China and Gulf oil nations to join the pool of climate finance donor countries. "If the EU wants to talk about climate finance with China, if it wants to talk NDCs, part of the conversation should be how to resolve our differences on trade and your tariffs," Shuo said. Extreme pressure With this year on track to be the hottest on record, experts noted that climate extremes were now challenging rich and poor countries alike – from flooding disasters in Africa, coastal Spain and the U.S. state of North Carolina, to drought gripping South America, Mexico and the U.S. West. Most countries are not prepared. "Election results don't alter the laws of physics," said Kaveh Guilanpour, vice president for international strategies at the nonprofit Center for Climate and Energy Solutions. "Unless the world collectively steps up its efforts, the impacts of climate change will become increasingly severe and frequent and will be felt by an increasing number of people in all countries, including in the United States." Many in Baku were worried that a U.S. disengagement could lead other countries to backpedal on past climate pledges or to scale back future ambitions.




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Temple of Satan gains ground in Chile as faith in traditional religions wanes 

SANTIAGO, Chile — It's Friday night in Santiago, and 15 people gather around a table, sharing a bottle of wine as the smell of tobacco and incense fill the air. Black candles burn on top of an altar decorated with chalices and knives. The members of the Temple of Satan are about to start a ritual.  Five years after the Satanic Temple of the United States made headlines — and unleashed a wave of panic — when it was designated a church, a similar organization in Chile, a conservative country where half of its population of 18 million identifies as Catholic, is asking the government to be recognized legally as a religious association.  Scholars, believers and residents consulted by The Associated Press note that Chile, where a long-lasting tradition of Catholicism has played a leading role in public discussions, is experiencing a crisis of faith, following revelations of multiple sexual abuse scandals within the Catholic Church over the years.  "These types of organizations now feel that they have greater support to challenge what was virtually impossible before," said Luis Bahamondes, a professor at the Center for Judaic Studies at the University of Chile. And that's because, "until very recently, the Catholic Church enjoyed an unprecedented power. It had an opinion on everything: politics, economics, geopolitics, sexuality and education."  No sacrifices, devil worship Despite its name, the Temple of Satan: Satanists and Luciferians of Chile does not embark on sacrifices nor ask its congregants to worship the devil. Among its 100 members are people who work as publicists, firefighters, police officers, lawyers and psychologists, and who have found in the organization a way to defy moral norms, dogmas and religious impositions.  While they embrace the term Satanist, they don't revere or believe in Satan. Instead, they worship rationality, individualism, pleasure and the mundane life.  Rather than gods, they praise humankind.  "You are the owner of your present and future, there is no God that makes decisions for you," said Haborym, a spokesperson for the group, during a walk through tombs and mausoleums at the General Cemetery of Santiago. He noted that the figure of Satan is purely symbolic and their rituals are performed "to bring out the emotions and leave the intellect aside."  Haborym and other members of the Temple of Satan in Chile spoke on condition their real names not be used, particularly with many holding public-facing jobs, citing growing threats.  While Hollywood movies like "Rosemary's Baby" and TV series such as "True Detective" helped to portray the idea of Satanists as linked to sacrifice, evil, pain and death, modern groups like Chile's Temple of Satan are strongly against animal abuse, prohibit the affiliation of people with criminal records, see pleasures as a delight rather than a sin, and do not express their opinions unless asked.  "We don't want people killing in the name of Satan," said Haborym.  How to join In order to join Chile's Temple of Satan, applicants are requested to go through a lengthy process that includes filling out a form, showing proof of not having a criminal record, being interviewed by a special commission and, finally, being evaluated by a psychologist.  Once they are accepted, members can choose a new name — normally that of a demon or fallen angel — with which they will be identified inside the temple and among other associates.  Founded in 2021, Chile's Temple of Satan has 100 members, and more than 400 people applied to join in the past few weeks, said Haborym. The interest spiked at the end of July, when the group formally requested that the country's Ministry of Justice legally recognize it as a religious association.  A media frenzy followed, unleashing a heated debate and causing a stir among Chile's main religious denominations.  "The history of Satanism is well known [and] it has often been the cause of tragedies," the leaders of several churches in Chile, including the Catholic, Anglican, Jewish and Evangelical, said in a joint statement.  Following in the steps of the Church of Satan, founded in 1966 by Anton Szandor LaVey, modern Satanists praise skepticism and logic over celestial or supernatural beings. Its followers are free to formulate their own beliefs, rites and spiritual practices.  Many self-described Satanists and Luciferians are atheists. Others say they are witches or believe in the power of magic.  "We do accept that there are certain bases, both academic and esoteric, that give meaning to our existence and reality," said Azazel, who quit Judaism four years ago and, one year later, founded the Temple of Satan of Chile.  His words resonate in the darkness of the chamber and are interspersed with chants, clapping, mantras and readings of passages from the Satanic Bible and the Bible of the Adversary, the main guidelines of the group.  Disappointed worshippers Just like Azazel, others have turned to the Temple of Satan out of disappointment with traditional religions. The new congregants include not only occultists and esotericists, but also Catholics, Jews, Protestants and Evangelicals.  "In Satanism there are no solutions or absolute truths. You are your own god and you create your own reality," said Kali Ma, a dentistry student who was born and raised in a Jehovah's Witness family. "If we compare both, Jehovah's Witnesses are the real sect," she said. "They don't let you do certain things, they tell you how to dress, what to do, how to behave, whether or not to grow a beard."  Nestor da Costa, an expert in secularism and religion at the Catholic University of Uruguay, said the influx of people seeking answers through different perspectives might be linked to the search for less dogmatic approaches.  "It may be a readjustment of the religious side of people who leave Catholicism but continue to believe in something," he said.  It is unclear if the Chilean government will legally recognize the Temple of Satan as a legitimate religious association, but its very existence has already helped to spark a discussion that until recently was unthinkable in this conservative society.  Demanding recognition is the ultimate expression of everything praised by Satanic aesthetics: the rebellion against the status quo and the breakup with deep-rooted traditions.  "We comply with everything that is requested of us as a religious entity," says Haborym. "So there would be no reason to reject us beyond the fact that we're a controversial figure." 




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LIVE: 11th House Quad Committee hearing on illegal drug trade crimes

The Quad Committee of the House of Representatives, composed of the Committees on Dangerous Drugs, Public Order and Safety, Human Rights, and Public Accounts continued its joint inquiry into the extrajudicial killings during the Duterte administration's drug war on Wednesday, November 13. 




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Extradition to US of man accused with malware sale quashed, case to be reheard

Maltese judge quashes extradition to the US of Daniel Meli, ordering that his case be reheard by the magistrates’ court 




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Italy's 'cannabis light' trade may go up in smoke with law change

Italy's flourishing "cannabis light" industry is at risk, with Prime Minister Giorgia Meloni pushes a bill through parliament to deflower a crop that is legal across much of Europe. Her conservative coalition wants to ban the sale of hemp flower products, but those in the trade say it's economic suicide. - REUTERS




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Turkey’s Erdogan calls on Muslim world to boycott, end trade with Israel


Erdogan urged Muslim nations at an Arab League summit in Saudi Arabia to unite against Israel




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Amanda Seyfried reveals why she traded Hollywood glamour for peaceful life

Amanda Seyfried reveals why she traded Hollywood glamour for peaceful lifeAmanda Seyfried has discovered the secret to harmonizing her Hollywood career with a peaceful personal life. The actress traded the glamour of Los Angeles with a serene farm in Upstate New York, where she's found solace...




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Asian Development Blog: How to Advance Green, Inclusive Trade through E-commerce in Asia and the Pacific

To support e-commerce, public-private collaboration must prioritize closing the digital divide, supporting small businesses, and promoting environmental sustainability. Strengthening data governance, competition, and tax frameworks are also key to resilient and equitable e-commerce.