Connect with us

World

Phuket Media Watch: Russian round-up

Legacy Phuket Gazette

Published

 on

Phuket Media Watch: Russian round-up | The Thaiger
PHUKET MEDIA WATCH

– World news compiled by Gazette editors for Phuket’s international community

Russia’s first hybrid vehicle to go on sale next year
Phuket Gazette / News Wires

Russian automobile manufacturer Yo-Auto on Tuesday announced that it will be offering the country’s first hybrid vehicle late next year.

The company’s billionaire co-owner Mikhail Prokhorov spoke on national television on Tuesday to confirm that the first Yo-hybrid is scheduled to come out on sale in December 2012. Prokhorov had said in previous announcements that the goal is to manufacture and offer an eco-friendly vehicle for under $10,000 (approximately 310,000 Thai Baht).

The first Yo-mobile manufacturing plant, which is located near the Russian city of St. Petersburg, is estimated to have an annual production capacity of around 45,000 vehicles. However, the capacity is expected to double after the second stage of the plant’s construction is completed.

The high-profile billionaire, 46, announced earlier this month that he will take part in next year’s presidential election and challenge Prime Minister Vladimir Putin. Prokhorov is considered to be Russia’s third richest billionaire with a net worth of approximately $18 billion.

Despite his political aspirations, Prokhorov aims to carry out his business projects as planned. “I have a very strong team and highly-skilled and professional staff,” Prokhorov said, as quoted by RIA Novosti. “All the projects I announced in business will be implemented in full.”

Prokhorov made his fortune in metals and banking, but he is also well known as the owner of the New Jersey Nets, which he bought in 2009.

Turkey, Russia reach agreement on South Stream pipeline
Phuket Gazette / News Wires

Turkey has approved the construction of the South Stream gas pipeline which is intended to carry Russian natural gas under the Black Sea to Europe, Russian Prime Minister Vladimir Putin has announced.

The South Stream pipeline is expected to transport up to 63 billion cubic meters of gas to central and southern Europe. Commercial gas deliveries are excepted to start at the end of 2015, according to Alexei Miller, the head of the Russian natural gas monopoly Gazprom.

“I am pleased to note that our energy talks, which have been fairly strained and difficult, have yielded positive results,” Putin said during a meeting with Turkish Energy and Natural Resources Minister Taner Yildiz. “I would especially like to thank the Turkish government for its decision to give its final authorization to Gazprom to build the South Stream gas pipeline system on the Black Sea bed in Turkey’s exclusive economic zone.”

Putin said the accord will contribute to stable energy supplies to the European market. “This truly is a pan-European project,” he noted. The prime minister added that Russia also agreed on long-term contracts for the delivery of gas to Turkey until 2021 and 2025, with a boost in gas supplies to Turkey by eight percent or 2 billion cubic meters in 2012.

The South Stream pipeline is an attempt to diversify Russian gas routes away from transit countries such as Ukraine. The neighboring ex-Soviet republic accounts for 80 percent of Russian gas transit to European Union nations but frequent rows with Moscow over gas prices have sometimes ended with Kiev switching the gas tap off in wintertime.

Miller said the construction of the South Stream pipeline will not affect the gas price formula for Ukraine or other countries.

Passenger plane crashes in Kyrgyzstan, injuring 12 people
Phuket Gazette / News Wires

Twelve people were injured on early yesterday afternoon when a passenger plane crashed while landing at an airport in Kyrgyzstan, government officials said. There were no fatalities.

The accident happened at around 1:48 p.m. Phuket time, when Kyrgyzstan Airlines Flight 3 was attempting to land during bad weather at an airport in Osh, the second largest city in the Central Asian country. The plane, a Tupolev Tu-134, was en-route from the capital of Bishkek.

A spokesman for the Emergencies Ministry said the aircraft, which was carrying 73 passengers and 6 crew members, skidded off the runway and overturned before coming to a stop. The aircraft sustained heavy damage and both the right wing and the landing gear were broken off, according to officials.

The Kyrgyz Health Ministry confirmed twelve people were injured, including nine people who were treated at the scene by ambulances. A 7-month-old girl and a 19-year-old man were among those hospitalized, both suffering from a concussion and other injuries.

It was not immediately known what caused the accident, but officials said heavy fog and possible icing are being investigated as possible causes. The aircraft was manufactured in 1979 and its airworthiness certificate was to expire on January 19.

In August 2008, Iran Aseman Airlines Flight 6895 crashed after taking off from Manas International Airport in Bishkek, killing 68 people and injuring 18 others. It remains the deadliest aviation accident in the country’s history.

— Phuket Gazette Editors

Keep in contact with The Thaiger by following our Facebook page.



Find more SE Asian News courtesy of The Thaiger.

Broke? Find employment in Southeast Asia with JobCute Thailand and SmartJob Indonesia. Rich? Invest in real estate across Asia with FazWaz Property Group or get out on a yacht anywhere with Boatcrowd. Even book medical procedures worldwide with MyMediTravel, all powered by DB Ventures.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

The stakes are high, the deliberations continue – Parliamentary Brexit vote

The Thaiger

Published

on

The stakes are high, the deliberations continue – Parliamentary Brexit vote | The Thaiger

Call it Super Saturday, call it Deal or No Deal, call it the most important day in recent UK history. Today (Saturday) the UK House of Commons will gather on a Saturday, the first time for decades. Golf games have been postponed, polo sticks will have to gather dust and the cleaner’s been told to come back on Sunday.

Earlier this week, British PM Boris Johnson did the near impossible and secured a new Brexit deal from the EU. The EU shocked everyone by throwing out the controversial Irish border backstop and replacing it with an alternative plan, after months of saying that Theresa May’s deal could not be changed. Moreover, the EU leaders seem happy with the deal and have been waxing lyrical about the scruffy British PM they all dreaded negotiating with.

But it’s not going to be easy. Some PMs have already tabled amendments that could make Johnson’s run of success fall short of a finish line. Opposition MPs will put forward proposals to scrap Brexit or schedule a second referendum.

So how is the crucial, and historic vote, going to roll?

It’s far too close to call. PM Johnson doesn’t have a majority in Parliament and his Northern Irish allies, the DUP, who he needed to pass legislation, have already said that they won’t back the new plan. Meanwhile, his opposition MPs are lining up to criticise the deal. And there’s serious concern that the arch-Brexiteers in his own Conservative party will vote against the deal too.

Bottomline, if MPs don’t vote for this deal then they can’t be certain that Brexit will be delayed, despite the fact that Johnson is legally obliged to request a Brexit extension if no deal has been agreed by 11 pm on Saturday night. Last month, opposition MPs passed legislation that binds the British to this commitment. Mr. Johnson says he will comply with the law but reminds his opponents that this decision relies on the EU still having to unanimously agree to it.

But, if the deal passes, the UK finally leaves the EU. Johnson would probably hope to capitalise on his success and call for a general election soon after. His poll ratings are good at the moment, and you’d think they would improve after delivering Brexit.

If the deal goes down, Johnson requests the extension and it’s approved, then we get into the nasty election where both sides will tear each other apart, adding more to a polarised community that may take decades to recover from this folly.

And if the EU refuses an extension, then all hell breaks loose.

Has it all been worth it?

Anyway, bring on Super Saturday as the deliberations continue.

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

World

Johnson tells MPs that there is ‘no better outcome’ than his Brexit plan

The Thaiger

Published

on

Johnson tells MPs that there is ‘no better outcome’ than his Brexit plan | The Thaiger

British PM Boris Johnson is warning British MPs there was “no better outcome” to the tortuous Brexit process than his divorce deal, as he scrambles to get MPs behind the agreement ahead of today’s knife-edge vote in parliament (Saturday UK time).

Johnson is urging lawmakers to back the “fantastic” terms he struck with EU leaders and let Britain leave the bloc on October 31.

“There’s no better outcome than the one I’m advocating tomorrow.”

“I want colleagues on all sides of the House to think about a world tomorrow night in which we’ve got this thing done,” he added in a separate interview with ITV.

“I think the nation will heave a great sigh of relief.”

Johnson pulled off a major coup in agreeing a new divorce deal at a Brussels summit on Thursday, only a fortnight before Britain is scheduled to leave the EU. But the deal’s fortunes, and Britain’s immediate fate, rest in the hands of a few undecided MPs, who will vote in the first Saturday session of the Commons since the 1982 Falklands War.

Political pundits suggest the vote could be exceptionally tight. Johnson has no majority among MPs, every opposition party has come out against the deal and even his parliamentary ally, Northern Ireland’s Democratic Unionist Party (DUP), says it cannot support the terms.

Johnson requires the support of 319 other MPs to guarantee victory – and claims he is confident of getting the numbers, as he spent the day meeting and calling MPs.

He must convince diehard eurosceptics in his own Conservative ranks, former colleagues he expelled from the party for seeking to block a “no deal” departure, and main opposition Labour MPs from Brexit-backing constituencies to have any chance.

Labour is ordering its MPs to vote against the deal but threatening no punishment if they vote in favour. Several MPs spent yesterday wrestling with their consciences as the more than three years of turmoil since the June 2016 EU membership referendum came to a head.

Johnson is expected to deliver a speech to parliament from 0830 GMT on Saturday, kicking off a day of debate that could last well into the evening.

The turning of the screws

If the Commons rejects the deal, Johnson will be forced by law to ask the EU to delay Brexit, for what would be the third time. He has said he would rather be “dead in a ditch”.

French President Emmanuel Macron piled the pressure on MPs, saying he did not want a new delay now a deal was struck.

“The October 31 date should be respected. I don’t think that new deadlines should be given,” he said at the EU summit in Brussels.

“We need to end these negotiations and get on negotiating the future relationship.”

Luxembourg’s Prime Minister Xavier Bettel added: “There is no choice between Brexit or no Brexit: it’s a choice between deal or no deal.”

Johnson took office in July vowing to keep to the October 31 Brexit deadline, deal or no deal.

He pledged to renegotiate the most contentious elements of a divorce text agreed by his predecessor Theresa May with Brussels last year, which MPs rejected three times.

The compromise deal that was finally struck on Thursday has a new arrangement for keeping open the border between British Northern Ireland and EU member Ireland.

The DUP has said it cannot support the plans, as efforts to avoid checks on the Irish land border would lead to new trade barriers between Northern Ireland and mainland Britain.

Meanwhile…

Former Conservative prime minister John Major (1990-1997) and his Labour successor Tony Blair (1997-2007) pleaded with MPs to back a second referendum, ahead of a major rally by the “People’s Vote” campaign outside parliament on Saturday (UK time).

“Whatever is the outcome, no deal or bad deal, it should not pass without the final say resting with the people,” said Blair.

Major said Brexit was a “thoroughly bad idea” that risked breaking up the UK.

The Pound steadied around $1.29 yesterday as dealers took a breather at the end of a dizzying week.

ETX Capital analyst Michael Baker said the market was “really gambling” on the vote and had “not priced in fully all scenarios – so expect big moves”.

SOURCE: Agence France-Presse | PHOTO: Associated Press

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Economy

Local investor sentiment dampened by Brexit woes and slump in Chinese economy

The Thaiger

Published

on

Local investor sentiment dampened by Brexit woes and slump in Chinese economy | The Thaiger

The British pound fell today as investors fret over PM Boris Johnson’s chances of pushing his Brexit deal through the British parliament, while Asian markets were mostly down after data showed China’s economy expanded at its slowest pace in nearly three decades.

The pound rallied almost to US$1.30 yesterday following news that negotiators had hammered out an agreement that would avoid Britain leaving the EU without a divorce deal – a move many warn would be economically catastrophic. But the brief celebrations were soon tempered by the realisation that the British PM faces an uphill task in getting the deal past lawmakers, with opposition MPs and even some in his own Conservative party saying they won’t pass it.

Most importantly, Northern Ireland’s Democratic Unionist Party (DUP), which props up Johnson’s government, said it was “unable to support these proposals”.

Forex traders sold sterling, pushing it back down below $1.29, and it extended losses in Asia. Focus is now on a crucial vote in London on the deal scheduled for tomorrow (Saturday).

“Much will depend on the PM’s ability to get some if not all DUP and (Scottish National Party) MPs onside, in addition to also getting the backing from the 21 ex-Conservative MPs he expelled from the party last month,” said National Australia Bank’s Rodrigo Catril.

“Rejection of the deal might well see more political brinkmanship around a ‘no-deal’ Brexit, but the most likely scenario would be yet another extension of the 31 October Brexit date.”

Jeffrey Halley, senior market analyst at OANDA, said whichever way the vote goes, “traders should prepare themselves for some severe volatility on Monday morning, with multiple big-figure moves a strong possibility”.

China growth slows again

Asian equity markets, meanwhile, were mostly lower after China said its economy expanded 6% in the third quarter, the slowest pace in 27 years, as leaders struggle to address weak domestic demand and the long-running US trade war.

The reading was a drop from the previous three months but in line with an AFP forecast and the government’s 6-6.5% target for the year.

While the National Bureau of Statistics said the economy “maintained overall stability”, it added that it “is under mounting downward pressure” from weakness at home and abroad.

Shanghai ended down 1.3% with Stephen Innes at AxiTrader saying traders were concerned the figures were not weak enough to prompt the Chinese central bank to embark on a big stimulus drive.

“With the People’s Bank of China, who arguably have plenty of policy ammunition to right the ship, probably unwilling to turn on the monetary taps, investors are taking risk off the table,” he said in a note.

Hong Kong was off 0.5% amid concern over the possibility of more violent protests over the weekend, while Sydney closed down 0.5 percent and Singapore eased 0.4%.

Seoul shed 0.8% and Wellington lost 0.7%, with Taipei and Manila also lower. But Tokyo closed 0.2 higher at a 10-month high, while Mumbai and Jakarta also edged up.

Hopes for the China-US trade talks were given a lift after Beijing’s commerce ministry said negotiators have “accelerated efforts” to hammer out details of last Friday’s mini-deal and were holding talks on moving on to the next phase of a wider agreement.

Donald Trump said Wednesday he hopes to sign the deal with President Xi Jinping at the APEC summit in Chile next month.

And the Turkish lira jumped more than 1% after Ankara said it would pause military operations in northern Syria for five days and US Vice President Mike Pence said Washington would not impose any fresh sanctions.

Key markets today…

Pound/dollar: DOWN at $1.2857 from $1.2891 at 2050 GMT

Euro/pound: UP at 86.48 pence from 86.31 pence

Euro/dollar: UP at $1.1122 from $1.1127

Dollar/yen: UP at 108.63 yen from 108.62 yen

London – FTSE 100: DOWN 0.4% at 7,152.55

Tokyo – Nikkei 225: UP 0.2% at 22,492.68 (close)

Hong Kong – Hang Seng: DOWN 0.5% at 26,719.58 (close)

Shanghai – Composite: DOWN 1.3% at 2,938.14 (close)

West Texas Intermediate: UP four cents at $53.97 per barrel

Brent North Sea crude: DOWN 22 cents at $59.69 per barrel

New York – Dow: UP 0.1% at 27,025.88 (close)

SOURCE: Agence France-Presse

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required
ม็อบ “สมัชชาคนจน” เดินเท้าถึงทำเนียบ กดดันรัฐบาลไม่จริงใจ [Live] | The Thaiger
ข่าวการเมือง2 hours ago

ม็อบ “สมัชชาคนจน” เดินเท้าถึงทำเนียบ กดดันรัฐบาลไม่จริงใจ [Live]

ชมวาทะเด็ดธนาธร ให้การศาลรัฐธรรมนูญ คดีวีลัค ทำงานการเมืองเพราะอยากเปลี่ยนแปลงสังคม | The Thaiger
ข่าวการเมือง3 days ago

ชมวาทะเด็ดธนาธร ให้การศาลรัฐธรรมนูญ คดีวีลัค ทำงานการเมืองเพราะอยากเปลี่ยนแปลงสังคม

ตรวจหวย 16/10/62 รางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย5 days ago

ตรวจหวย 16/10/62 รางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ตรวจหวย 16 ตุลาคม 2562 ผลสลากกินแบ่งรัฐบาล 16/10/62 | The Thaiger
ตรวจหวย5 days ago

ตรวจหวย 16 ตุลาคม 2562 ผลสลากกินแบ่งรัฐบาล 16/10/62

ถ่ายทอดสด “สลากกินแบ่งรัฐบาล” 16 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สด ๆ | The Thaiger
ตรวจหวย5 days ago

ถ่ายทอดสด “สลากกินแบ่งรัฐบาล” 16 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สด ๆ

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง | The Thaiger
ข่าว6 days ago

หนุ่มแท็กซี่ฉาว ท้าต่อยเจ้าของธุรกิจเต๊นท์ กลางงานสนามหลวง

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล | The Thaiger
วอลเลย์บอล2 weeks ago

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย3 weeks ago

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล | The Thaiger
ตรวจหวย3 weeks ago

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด | The Thaiger
ต่างประเทศ3 weeks ago

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5 | The Thaiger
วอลเลย์บอล1 month ago

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1 | The Thaiger
วอลเลย์บอล1 month ago

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน | The Thaiger
หนัง1 month ago

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง” | The Thaiger
ข่าวการเมือง1 month ago

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง”

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้ | The Thaiger
บันเทิง2 months ago

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้

Trending