World

Commentary: Variants versus vaccines is becoming the new COVID-19 race
World

Commentary: Variants versus vaccines is becoming the new COVID-19 race

New variants emerge from large, uncontrolled outbreaks. This is why vaccinating people is an urgent priority, says Duke-NUS Medical School’s Professor Gavin Smith. SINGAPORE: Variants of SARS-CoV-2, the virus that causes COVID-19, may be outpacing vaccination progress in many parts of the world, fuelling fears of new outbreaks. Scientists around the world are tracking these variants to understand whether some spread faster than others, how they might affect our health and how effective current vaccines might be against them. Evidence is now emerging that some mutations can make a virus spread more easily, while other mutations are associated with a reduction in how effective a vaccine might be in preventing infection. But even if vaccine efficacy is lowered against certain variants...
Twitter CFO Ned Segal says e-commerce is becoming more important for the company
World

Twitter CFO Ned Segal says e-commerce is becoming more important for the company

Twitter CFO Ned Segal said Tuesday that e-commerce will be more important for the social media company as it continues to build out direct response advertising products. "You should be able to click and buy something on Twitter," Segal said at the J.P. Morgan Global Technology, Media and Communications Virtual Conference. "We've come to appreciate that people do a lot of research on Twitter before they buy something." Segal explained that users go to Twitter to hear what experts have to say about products like phones and shoes. Users also could feel compelled to make spur-of-the-moment decisions to buy products as they chat about major events, like the Super Bowl, in real-time on Twitter. "These are all great opportunities for us to connect existing advertisers and new advertisers with ...
Is bone-breaking surgery to grow taller worth the risk?
Asia, World

Is bone-breaking surgery to grow taller worth the risk?

Limb-lengthening surgery for cosmetic reasons is in demand in India, but it does not always end well, the programme Undercover Asia finds out. DELHI: Hoping to propel his career to greater heights, sales consultant Amit (not his real name) underwent surgery to break his bones and make himself taller. At 1.6 metres, he felt everyone towered over him. With a new job in the United States lined up, he decided to take his chances with orthopaedic surgeon and height-gain specialist Amar Sarin. “There are moments when you feel that there’s no need, and why do you go through all the hassle?” said Amit, 36, who did not want to be identified. “Maybe I’m right, maybe I’m wrong … time will tell. But for your own self-confidence, I think a couple of centimetres shouldn’t hurt.” He had wires in...
Commentary: Sinovac use sparks new spat in politically split Thailand
China, World

Commentary: Sinovac use sparks new spat in politically split Thailand

Widespread distrust of the Prayut government is aggravating Sinovac hesitancy in the country, says an analyst. BANGKOK: Thailand is suffering through the third – and the most serious – wave of COVID-19 infections that has surged since early April. As of May 27, the total infections since Apr 1 topped 112,354, with 785 related deaths. The more virulent variants first identified in India and South Africa have been detected, prompting the Prayut Chan-o-cha government to speed up the vaccine rollout. AstraZeneca and Sinovac are the two vaccines currently in use. The government has secured about 117,000 imported AstraZeneca shots, with another 61 million shots in local production. The first batch of these – about 1.7 million doses – will be distributed by June. Up to 6 million Sinovac d...
China touts success building a Tibet less focused on religion
Asia, China, USA, World

China touts success building a Tibet less focused on religion

China’s top leader in Tibet lauded the progress his country has made developing the region, touting an ethnic-assimilation campaign that has fueled international accusations of human rights abuses. “More and more believers have been trained from pursuing a good afterlife to living a good life in this life, and religion has been increasingly compatible with a socialist society,” Wu Yingjie, the Communist Party chief of Tibet, said at a press briefing in Beijing on Saturday. Wu also listed a wide array of ways the ruling party has transformed the region where most people are Buddhist — from building schools and paved roads to improvements in health care — as China marks the 70th anniversary on Sunday of an agreement giving it control of the region. The event puts a renewed focus on Tibet ...
Battleship diplomacy: Britain’s new aircraft carrier joins NATO, has message for China
China, World

Battleship diplomacy: Britain’s new aircraft carrier joins NATO, has message for China

CASCAIS, Portugal: The maiden voyage of a new British aircraft carrier will seek to show allies that post-Brexit Britain is ready to defend Western interests and eager to see China respect international rules, the vessel's commander said. HMS Queen Elizabeth took part in NATO exercises in the Mediterranean this week, ahead of the eight-month voyage that will cross through the South China Sea in a signal to Beijing that sea lanes must remain open. The carrier is "a hugely powerful statement," Commodore Steve Moorhouse, the ship's commanding officer and captain told Reuters on deck off the Portuguese coast as F-35B fighter jets took off around him. "It shows that we are a global navy and wanting to be back out there," he said. "The aim for us is that this deployment will be part of a...
China’s May new yuan loans seen falling as central bank scales back stimulus
China, World

China’s May new yuan loans seen falling as central bank scales back stimulus

New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid signs of recovery. BEIJING: New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid signs of recovery. Chinese banks are estimated to have issued 1.41 trillion yuan (US$220.54 billion) in net new yuan loans last month, down from 1.47 trillion yuan in April, according to the median estimate in the survey of 29 economists. That would be lower than 1.48 trillion yuan issued the same month a year earlier, when policymaking was firmly in emergency mode to cu...
Stocks set record highs as bond yields slide
Asia, Market, World

Stocks set record highs as bond yields slide

U.S. bond yields fell to three month lows and a broad gauge of Asian shares rose on Friday as investors saw enough one-off factors in U.S. consumer price data to back the Federal Reserve's conviction that rising inflation will be transitory. NEW YORK/LONDON: European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks. Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing. The pan-regional STOXX Europe 600 index rose 0.7per cent to a record close, posting its sixth straight session of gains and ...
Thai museum unveils 1,000-year-old artefacts returned from US
Asia, World

Thai museum unveils 1,000-year-old artefacts returned from US

BANGKOK: Two ancient sandstone artefacts believed to have been stolen from Thailand during the Vietnam War were unveiled on Monday (May 31) at a Bangkok museum, greeted with a fanfare of traditional dancers and an elaborate worship ceremony. The temple support beams - which were returned on Friday - boast exquisite carvings of the Hindu deities Indra and Yama that date back to the late 10th or 11th century. They had been on display for decades at the San Francisco Asian Art Museum, and their repatriation to Thailand followed a yearslong investigation by the US Department of Homeland Security. On Monday, museum staff carefully unpacked the artefacts under the watchful gaze of Culture Minister Itthiphol Khunpluem as Thai traditional music played. "These two lintels are evidence of ou...
Women’s sport ready for take off, says Ruggiero
Market, World

Women’s sport ready for take off, says Ruggiero

LONDON: Those looking to invest in sport should bet on women's leagues, with post-pandemic interest presenting new opportunities, says Angela Ruggiero the former International Olympic Committee executive board member and co-founder of the Sports Innovation Lab. While established men's leagues with their traditional revenue streams have nibbled at industry innovations, the newcomers have embraced technology and anything else that can help them gain a toe hold in a rapidly evolving marketplace. "I liken women's sports to startups; they're here but their growth is exponential," explained Ruggiero, during Foley Sports and Entertainment Group's "The Comeback; Sports in a Worldwide Pandemic" seminar on Wednesday. "The market has finally caught up, society in some ways is demanding it and ...