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Image : Trump breaks protocol _ again _ on press access

Trump breaks protocol _ again _ on press access

person Orange Themes access_time Nov 16,2016

NEW YORK (AP) — President-elect Donald Trump emerged from his New York skyscraper Tuesday night for the first time in days, moving about the nation's largest city without a pool of journalists on hand to ensure the public has knowledge of his

Image : Argentine women protest teen girl's rape, killing

Argentine women protest teen girl's rape, killing

person Orange Themes access_time Oct 20,2016

Dressed in black, Argentine women took to the streets Wednesday to protest the brutal rape and murder of a 16-year-old girl, the latest incident of gender violence to shock the country. The protesters marched in memory of Lucia Perez, a high school

Image : Visiting Hòn Bà Mountain in Khánh Hòa Province

Visiting Hòn Bà Mountain in Khánh Hòa Province

person Orange Themes access_time Apr 06,2017

Vietnamnet - Hòn Bà mountain is compared with Đà Lạt for its mild climate, primeval forests and high peaks, but it provides glories all of its own.

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Moody's warns of UK downgrade if Brexit deal weakens growth

access_time Nov 02,2016 chat_bubble_outline 45 views

LONDON (AP) — Britain was warned Wednesday that it will have its credit rating cut if the country fails to get a good-enough deal on access to the European single market during its upcoming negotiations to leave the European Union.

More than four months after Britain voted to leave the EU, the terms of Brexit remain to be ironed out. Prime Minister Theresa May has said she will invoke Article 50 of the EU Treaty by the end of March. That will launch two years of talks on Britain's exit from the 28-country bloc.

In a wide-ranging report on the potential impact of Brexit on Britain's economy, credit ratings agency Moody's said it would cut its near-top Aa1 rating if it concludes that the loss of access to the single market "would materially weaken" medium-term growth. Even after any reduction, Britain would still have a high rating that would allow it to borrow easily in bond markets though it may cost it more to do so.

"The key will be how far the U.K. is able to replicate its current single market access in a new trade deal," said Kathrin Muehlbronner, a senior vice president at Moody's. "The impact of ongoing uncertainty on U.K. investment, and the terms of any transitional agreement reached once the U.K. leaves the EU, will also influence growth."

The European single market has been one of the cornerstones of British economic growth over the past few decades, allowing firms to trade freely to a customer base of more than 500 million. In return for that level of access, countries have had to allow free movement of people — and that's one of the major reasons why 52 percent of the British people voted to leave the EU in the June 23 referendum.

So far, it's unclear what May's government is looking to achieve while the other 27 countries in the EU have insisted they won't enter discussions with Britain until Article 50 has been triggered.

In a speech last month, May signaled that her government would prioritize controls on immigration over access to the European single market, an approach informally called a "hard Brexit" that many business leaders across a raft of sectors have voiced concerns over.

However, last week Nissan announced that it would produce the next version of its Qashqai SUV and add production of the next X-Trail model at its plant in Sunderland, northern England, following unspecified government commitments. That announcement, which will safeguard thousands of jobs, stoked speculation that the government will be looking for tariff-free access to the single market — so-called "soft Brexit."

Moody's Muehlbronner conceded that the agency doesn't expect to have clarity on Britain's objectives — or its chances of achieving them — until the negotiations get underway.

"But once negotiations start, we expect that the spirit in which they are handled by both sides will offer important insights into the likely outcome," she said.

One thing is fairly clear, according to Moody's.

"In our view, there is little likelihood that the U.K. will not exit the EU," Muehlbronner said.

World - Yahoo News
Thailand becomes 10th largest investor in Vietnam

Thailand’s foreign direct investment into Vietnam has been increasing sharply in recent years, according to a survey report by researcher Pittaya Suvakunta from Thailand’s Thammasat University. A shopping mall of Thailand in HCM City Suvakunta’s report on Thai FDI in Vietnam was circulated at an international conference on Vietnam studies held in Hanoi recently.The researcher cited data from Vietnam’s Ministry of Planning and Investment as saying that as of June 2016, Thailand had had 466… chat_bubble_outline Read More...

Death toll at 26 inmates from latest Brazil prison violence

RIO DE JANEIRO (AP) — Twenty-six inmates were killed in eruptions of violence inside two prisons in northern Brazil, officials said Sunday as they quelled the latest in a string of jail disturbances across the country in which more than 100 people died within two weeks.The state security office for Rio Grande do Norte state had reported earlier in the day that there were 27 deaths, but later lowered that by one. It also said all bodies had now been counted.State security officials said fighting… chat_bubble_outline Read More...

No. 20 Bears beat No. 24 Spartans 73-58 in Battle 4 Atlantis

PARADISE ISLAND, Bahamas (AP) — Baylor dominated Michigan State inside with its size advantage, got out in transition and kept knocking down shots.The result was a second lopsided win against a ranked team in 10 days, along with the No. 20 Bears earning a trip to the Battle 4 Atlantis championship game.Johnathan Motley scored 20 of his 26 points in the first half and the Bears shot 55 percent after halftime to beat the 24th-ranked Spartans 73-58 on Thursday.Jo Lual-Acuil Jr. added 14 points and… chat_bubble_outline Read More...

Coldplay S'pore concert tickets allocated for Citibank pre-sale sold out in ...

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Government guarantees for new loans to be halted

Under the programme, the Government aimed to keep public debts (including Government debt, Government-guaranteed debt and local government debt) equal or less than 65% of GDP. Of which, Government debt will be equal or less than 54% of GDP and foreign debt of the entire country will not exceed 50% of GDP. The Government will gradually reduce domestic and foreign loans to compensate for State budget overspending and estimated a budget overspending of 3.38% of GDP in 2017 and 3.3% of GDP in 2018.… chat_bubble_outline Read More...

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