Pakistani authorities refused to let a top human rights lawyer leave the country, citing her "anti-state activities", she told AFP on Monday, in what appeared to be the latest example of an ongoing rights crackdown. Jalila Haider, who last year featured on a BBC list of 100 inspiring and influential women for her work defending women's rights in Pakistan, was briefly detained by immigration officials in Lahore as she tried to fly to Britain to attend a workshop on women's issues. "I address the issues related to women, minorities, enforced disappearances and problems Balochistan is facing today," the 32-year-old said, adding that authorities confiscated her passport and national identification card.
Hundreds of Iraqi anti-government protesters grappled with security forces in a bid to shut Baghdad streets on Monday, a deadline they had given authorities to implement long-awaited reforms. Rallies have rocked Iraq since October but, fearing they would lose momentum amid spiralling regional tensions, protesters last Monday told the government it had one week to meet their demands or they would escalate. Starting Sunday, young demonstrators in Baghdad and the south began sealing off highways and bridges with burning tyres ahead of the following day's deadline.
China will ban plastic bags in major cities and single-use straws from restaurants by the end of this year in a bid to cut down on waste. The country is one of the world's biggest users of plastic, and the plan targets a 30 percent reduction in disposable plastic utensils used by the takeaway food industry in major cities within five years. In a document released Sunday, the National Development and Reform Commission (NDRC) and the Ministry of Ecology and Environment said the production and sale of disposable polystyrene and plastic tableware will be banned by the end of the year.
French President Emmanuel Macron is hosting 180 international business leaders at the Palace of Versailles in a bid to promote France’s economic attractiveness despite over six weeks of crippling strikes over his government's planned pension changes. Top executives from Google, Netflix, Coca-Cola, Toyota, Samsung and General Electric were among those attending the annual event Monday. Macron wants to promote his economic policies, including labor changes and tax cuts, to attract more foreign investors to the eurozone's second-largest economy.
In a muddy field in western Myanmar, hundreds of Chinese shipping containers fitted with single narrow windows stand in neat lines, empty of the refugees they were designed to host. The gray boxes were sent by China two years ago as quick and cheap housing for some of the hundreds of thousands of Rohingya Muslims who fled Myanmar for Bangladesh during a military-led crackdown in 2017 that the United Nations said was conducted with genocidal intent. The empty containers, situated near the town of Maungdaw in Rakhine state, reflect months of failed efforts to entice the Rohingya to return to Myanmar despite a diplomatic drive by the country's close ally and neighbor, China.
Approach from Murakami family would up the stakes in a pivotal corporate governance battle
Pakistan on Monday approved the import of 300,000 tonnes of wheat to relieve a flour supply shortage that has created a crisis for the government of Prime Minister Imran Khan. Flour and bread prices have shot up during the last week as flour disappeared from shops and wholesale markets. People have queued outside flour mills in some parts of the country and bread makers have shut their shops to protest against what they say is government pressure to sell bread at controlled prices.
The global pre-painted metal market size is expected to reach USD 27.9 billion by 2025, expanding at a CAGR of 11.2%, according to a new report by Grand View Research, Inc. Growth in the commercial construction sector is likely to propel the product demand as it is used in facades, cladding system, and roofing structures.
Prime minister vows not to do anything that will ‘wipe out’ resources industries
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Palladium looked set to extend its record-breaking rally even as investors mulled whether the metal has rallied too high, too fast.Prices flipped to gains after initially falling almost 3% Monday, despite technicals continuing to signal that a pullback may be due. The metal reached a fresh all-time high of $2,548.20 as tight supply conditions show little signs of easing.The metal’s surge is rooted in positive fundamentals, with production trailing demand as stricter emissions standards boost consumption by carmakers, and as uncertain power systems in South Africa worsen supply constraints. Another factor is that producers don’t have the capacity to boost output easily in response to price increases because palladium is largely mined as a byproduct. The cost to borrow palladium has jumped to the highest in over a year.Palladium is in a “real sweet spot” of recovering industrial production globally, improving demand due to strong car sales, and constrained mine supply, said Wayne Gordon, executive director for commodities and foreign exchange at UBS Global Wealth Management. Also, the level of substitution has been less evident than expectations given its price relative to platinum, he said.“Setbacks after these sort of rallies, given the very thin nature of volumes in the market, isn’t that surprising,” Gordon said by phone. “If industrial production surprises to the upside, and so does autos’ demand, well, then palladium can get a heck of a lot tighter.”The speed and scope of the gains are surprising even the most seasoned market watchers, with some warning that prices may have gone too high, too fast. Still, most continue to point to a bullish outlook on robust demand and constrained supply.The metal’s technicals are stretched, with the 14-day relative strength index topping 90 for a second day. A number above 70 signals to some traders that an asset may be overbought, although palladium has held above that level for two weeks without a pullback.Spot palladium traded 2% higher. So far this year, the metal has surged 31%.In other precious metals, platinum rose 0.8%, gold added 0.2%, while silver was up 0.1%.To contact the reporter on this story: Ranjeetha Pakiam in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Phoebe Sedgman at email@example.com, Alpana SarmaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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