World

10 tips for negotiating your first job offer (and every one after that!)
World

10 tips for negotiating your first job offer (and every one after that!)

1. Do your research Now, just because it's OK to ask for more money doesn't mean just walk in there and say, "I want a million dollars!" You have to do your research — know the typical pay range for this position. "Do plenty of research on the current job market," said Joseph DiNiso, a senior computer engineering student at Virginia Tech who will be working at Microsoft as a software engineer after graduation. Students should go into a salary negotiation "prepared with a desired salary," DiNiso said, based on the starting salary in your field. And, although "salaries will vary greatly, this number will give you a ballpark estimate of what you should be making and help you determine your salary goals." Joseph DiNiso, a senior computer engineering student at Virginia Tech who will be worki...
Renault to offload its stake in Lada maker for one rouble, Russia says
World

Renault to offload its stake in Lada maker for one rouble, Russia says

:Renault will transfer its 68 per cent stake in Russia's biggest carmaker Avtovaz to an auto research institute for one symbolic rouble, Russia said on Wednesday, the latest example of local institutions snapping up bargains as Western firms flee. The trade ministry also said Renault's factory in Moscow, which produces cars under the Renault and Nissan brands, would be passed to the city's government, in another sign of what Russian authorities plan to do with Western assets. The French carmaker and the French government, which owns a 15 per cent stake in Renault, both declined to comment on the deal, which was first reported by Russian news agencies citing Trade Minister Denis Manturov. The trade ministry said Renault would have the right to buy back its Avtovaz stake within five to si...
The Big Read: Fancy spending weeks on a tropical island? Singapore aims to shed ‘stopover’ tag amid tourism market shifts
World

The Big Read: Fancy spending weeks on a tropical island? Singapore aims to shed ‘stopover’ tag amid tourism market shifts

He added that regional tourists, such as those from Indonesia and Vietnam, are returning but they have not done so in large groups as well. Prior to the pandemic, China was the biggest source of tourists to Singapore, with 3.6 million of them visiting here in 2019. Indonesia was in second spot, with 3.1 million visitors in 2019. Mr Foo from Oriental Travel and Tours said that most of his agency’s tourists are now coming from Europe and the United States. “Previously, there were many tourists from China, Taiwan and Hong Kong which we don’t see coming to Singapore now," he said. With tourism here poised for a revival, businesses will have to learn how to adapt to longer term shifts in order to cash in, said experts. Mr Walton from Deloitte said that attractions that are “predominantly g...
Analysis – Sri Lanka bondholders brace for big losses in debt restructuring
World

Analysis – Sri Lanka bondholders brace for big losses in debt restructuring

Sri Lanka's creditors face losing a third to half of their investment in the country's dollar bonds, after the government announced it would restructure $11 billion worth of debt, the first such financial shake-up in its modern history. Formal debt talks haven't started but analysts are already crunching the numbers to estimate what kind of haircuts could be inflicted on bondholders. Mired in economic crisis, Sri Lanka has halted all external debt payments and is prioritising its remaining hard currency reserves to buy food and fuel.. The country of 22 million has been hit by nationwide street protests and shortages of everything from power to medicines, and its dollar bonds trade at deeply distressed levels of around 40 cents in the dollar. With markets factoring in an International M...
Kishida to visit Southeast Asia and Europe for talks on Ukraine war
World

Kishida to visit Southeast Asia and Europe for talks on Ukraine war

Prime Minister Fumio Kishida will visit five nations in Southeast Asia and Europe over the Golden Week holidays for talks with their leaders as he seeks to confirm cooperation with the countries in the face of Russia's war in Ukraine, the government said Thursday. During his eight-day trip from Friday, Kishida is expected to discuss the response to Russia's invasion of Ukraine with the leaders of Indonesia, Vietnam, Thailand, Italy and Britain. He will also look to strengthen cooperation to advance a "Free and Open Indo-Pacific" as China continues its maritime expansion in the region. "We will confirm cooperation in responding to regional and global issues, including the situations in Ukraine, the East and South China seas, North Korea and Myanmar," said Chief Cabinet Secretary Hirokazu ...
Sumo’s doors open for college stars but closing for foreign hopefuls
World

Sumo’s doors open for college stars but closing for foreign hopefuls

By far the biggest news in sumo this month has been a student at Japan’s most prestigious university entering the pro ranks. Hotaka Suyama became the first ever ōzumo rikishi to hail from the University of Tokyo when he took the new entrant examination on April 15 and joined Kise stable. While that particular school may have been unusual in this case, another collegiate wrestler joining the professional ranks is just part of a long-term change that has been taking place in Japan’s national sport over the past half century. In March 1972, there was a total of three wrestlers with a university background on the banzuke rankings, with two of them in the top-flight makuuchi. Ten years later, that number had grown to eight and three, respectively, and by 1992 it stood at 15 men in total, wit...
Space station’s first all-private astronaut team docked to orbiting platform
World

Space station’s first all-private astronaut team docked to orbiting platform

The first all-private team of astronauts ever launched to the International Space Station (ISS) arrived safely at the orbiting research platform on Saturday (Apr 9) to begin a week-long science mission hailed as a milestone in commercial spaceflight. The rendezvous came about 21 hours after the four-man team representing Houston-based startup company Axiom Space Inc lifted off on Friday from NASA's Kennedy Space Center, riding atop a SpaceX-launched Falcon 9 rocket. The Crew Dragon capsule lofted to orbit by the rocket docked with the ISS at about 8.30am EDT (1230 GMT) on Saturday as the two space vehicles were flying roughly 250 miles (420km) above the central Atlantic Ocean, a live NASA webcast of the coupling showed. The final approach was delayed by a technical glitch that disrupted...
Visitors trickle back, but climbing mecca Nepal seeks more
World

Visitors trickle back, but climbing mecca Nepal seeks more

KATHMANDU: Nepal is putting a 21st-century spin on a tourism sector dominated by activities unchanged for generations as it looks to boost a vital part of an economy decimated by the COVID-19 pandemic and soaring import bills. As part of broader plans to lure more tourists to the home of eight of the world's 14 highest peaks, authorities are promoting bungee jumping, paragliding and sky diving on top of traditional trekking and climbing, said Taranath Adhikari, director general at the Department of Tourism. "We are adding new tourism infrastructure and investment in hotels is (also) rising," he told Reuters in the capital Kathmandu. The country has additionally called on its envoys to promote tourism, promised to ease visa rules and urged China to allow more people to visit despite COVI...
Japan closely watching China’s moves in Pacific, Kishida says
World

Japan closely watching China’s moves in Pacific, Kishida says

Japan is keeping a close eye on China’s behavior concerning Pacific island nations, Prime Minister Fumio Kishida said Saturday after meeting with his Tuvalu counterpart. The recent signing of a security agreement between China and the Solomon Islands has sparked regional concerns about Beijing’s outreach, as the agreement reportedly enables Chinese troops to be deployed to the Pacific nation. “We exchanged views on recent developments concerning China in the Pacific island region,” Kishida told reporters in Kumamoto Prefecture, without giving further details. “We are closely following what China does in the Pacific island region with interest,” he said. The United States has warned the Solomon Islands against any possible moves toward inviting a Chinese military presence while other na...
West’s failed gamble on Russian and Chinese reform
World

West’s failed gamble on Russian and Chinese reform

Russian President Vladimir Putin’s invasion of Ukraine and Chinese President Xi Jinping’s increasing authoritarianism have belatedly awakened much of the world to the failure of a geopolitical wager made by the United States and its allies a generation ago. Their necessary response to today’s grim new realities reflects the cost of losing that bet, and it will change everything from security alliances, military budgets and international trade to financial flows and environmental and energy policies. The bet Western countries made in the 1990s was that integrating Russia and China into the international community through trade and commerce would hasten domestic political, as well as economic, reforms. Nobody expected either country to turn into a capitalist democracy overnight. But it was...