Category: Living

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  • Instagram introduces new security feature against hackers

    Instagram introduces new security feature against hackers

    Instagram is taking a powerful new step to combat account hacking and malicious activity on their social media platform. If you yourself haven’t experienced your Instagram account getting compromised, you probably know at least a couple of friends who have. It’s a fairly widespread phenomenon, as unpleasant as it may sound, and it’s about time something is done about it.

    As of Tuesday, Instagram is introducing a new feature on the platform called Security Checkup, which is aimed to maximize account security and facilitate recovery for anyone whose personal account may be at risk.

    No matter whether they have already been compromised or are simply vulnerable in some way, Security Checkup will prompt users to go through all the necessary steps to secure their account, which includes updating necessary profile information and account settings.

    In a recent news post, Instagram announced that “Security Checkup will guide people, whose accounts may have been hacked, through the steps needed to secure them. This includes checking login activity, reviewing profile information, confirming the accounts that share login information and updating account recovery contact information such as phone number or email.”

    Even if you haven’t necessarily been hacked, Security Checkup will prompt you to take all the important measures to ensure there is an infinitesimal chance of that ever happening in the future.

    Instagram already strongly encourages you to have two-factor authentication, which drastically decreases the chances of that and can be easily set up by going to Profile > Settings > Security > Two-factor authentication.

    With 2FA enabled, anytime there is a login attempt from an unrecognized location, you’ll be immediately alerted with the option to approve or deny the request from your personal device. Instagram also keeps track of all devices which have recently logged into your Instagram, and which can be viewed by going to Settings > Security > Login Activity. From there, you can remotely log out of any devices you don’t recognize on the list.

    You should also make sure your e-mail and phone number are the ones you are using currently, as keeping that info up to date will ensure smooth verification should any suspicious activity be detected.

    Instagram also emphasizes that one of the most common ways in which malicious parties gain entry into personal accounts is through impersonating Instagram itself, and sending out DM’s pretending they are working for the platform.

    “They may tell you that your account is at risk of being banned, that you are violating our policies around intellectual property, or that your photos are being shared elsewhere,” the post warns. These are apparently fairly common tactics scammers use in an effort to bully people into sharing their login credentials.

    Instagram stresses that it will never, ever try to contact users of the platform via Direct Messages. This means that if you see such a message claiming it’s from Instagram or asking for any personal info, you should automatically know it is malicious and immediately report the message to Instagram and block the account.

    • To report an Instagram post, tap on the three dots appearing at the top right
    • To report a message, tap and hold on it until a menu appears
    • To report an account, go to the profile and tap on the three dots at the top right

    If Instagram ever needs to contact you for any reason, rather than DM-ing you, they can reach you through an “Emails from Instagram” tab in the app’s settings. That is “the only place you will find direct and authentic communication from Instagram on the app,” the company says.

    Thanks to some new updates to the Support Inbox on Instagram, you can now easily view the status of any and all messages, posts, or accounts you have reported, and find out whether or not Instagram has taken any action. You can also keep track of your own posts’ status, to see if they are breaking any rules—and if they are, you can directly repeal them from there.

  • Thai energy firm BCPG signs Laos wind power sale with Vietnam

    Thai energy firm BCPG signs Laos wind power sale with Vietnam

    Thai renewable energy firm BCPG Pcl on Tuesday said that its consortium had signed a 25-year agreement to deliver wind energy from a 600-megawatt project in Laos to Vietnam.

    An agreement between Vietnam’s electricity firm EVN and Impact Energy Asia Development (IEAD), of which BCPG holds a 45 percent stake, will supply electricity through a 500-kilovolt transmission line from Laos to Quang Nam province in Vietnam.

    Impact Wind Investment, backed by Japan’s Mitsubishi Corporation, holds a 55 percent stake in IEAD.

    Construction on the Monsoon Wind Project will commence in 2022 with commercial operations targeted for 2025. It would be the Association of Southeast Asian Nations’ largest wind farm, BCPG said in a statement.

  • Apple Watch heart rate monitor saves woman from blockage that had 88% chance of killing her

    Apple Watch heart rate monitor saves woman from blockage that had 88% chance of killing her

    Of all the life-saving features on the Apple Watch, perhaps the most employed one is the heart rate monitor because it is the easiest to use and understand. When your heart rate rises above a certain level or falls below a certain level, it means that you need to visit the ER immediately. ABC13 in Michigan reported the story of Diane Feenstra, a woman from Norton Shores Michigan whose Apple Watch allowed her to survive the kind of massive heart attack that only 12% survive according to the AHA.

    This type of heart attack, which affects what is known as the widow-maker artery, is fatal 88% of the time when it happens outside of the hospital. Diane explains what happened on April 22nd, the day that she nearly died. ” The day in question, April 22, I had 169 beats per minute heart rate even though the most vigorous exercise I had done was to walk up 12 steps. So I called my husband at work and said do you think this is concerning? And he said call your doctor.

    At the hospital, an EKG revealed that she had recently had a heart attack, but didn’t know it. “Unlike men who feel an elephant on their chest many times, a woman’s symptoms are very different. I had pain going down my left hand, I had a little swelling in my left foot, I had indigestion that I just explained away as acid reflux that I was experiencing as I got older.”

    Pain in her shoulder she explained away as coming from a recent bit of vacuuming that threw her muscles out of whack. But the truth was that she was experiencing a life-threatening medical emergency. “I think God used that watch to alert me to the fact that my heart wasn’t functioning properly,” she said.

    It turned out that Diane suffered a full blockage in the widow-maker artery. A stent procedure was done and today she is alive and well. Now she and her husband will be able to celebrate their 48th wedding anniversary this coming August.

    Diane had purchased an Apple Watch for her husband Gary and even though she didn’t want one, he bought it for her anyway and all the gesture did was save her life. Feenstra said, “It’s such an easy thing to see what your heart rate is, had I not done that that morning who knows but I may have had another heart attack that would have been fatal.”

    Just the other day, we told you how the timepiece’s fall detection feature helped save a 78-year old man who had fallen, breaking his nose and becoming unconscious. Thanks to the fall detection feature, he was able to receive medical assistance and credited the watch with saving his life.

  • Boost to clean energy investment could drive 10 million new green jobs

    Boost to clean energy investment could drive 10 million new green jobs

    If funded, about 13,000 renewable energy projects proposed in nearly 50 countries could slash emissions and create work, researchers find.

    From offshore wind farms in Britain to floating solar power plants in Vietnam, about 13,000 renewable energy projects in nearly 50 countries are waiting for finance – and could create up to 10 million green jobs, consultancy EY-Parthenon said on Wednesday.

    In a report, EY said the projects offered $2 trillion in investment opportunities that would generate jobs locally and in supply chains, and would help slash climate-heating emissions and secure a green recovery from the pandemic.

    Serge Colle, EY’s global energy advisor, said the research showed there was “huge potential to accelerate private-sector renewables investment” with the right government policies and regulation around the world.

    If the projects identified were implemented in the next three years, they would more than double the rate of global renewables deployment, while delivering 22 percent of emissions reductions promised this decade by the 47 countries covered in the research, which include G20 nations, the report said.

    That would amount to 9 percent of the emissions cuts needed by 2030 to keep planetary warming to the most ambitious global target of 1.5 degrees Celsius above pre-industrial times, added the report commissioned by the European Climate Foundation (ECF).

    The biggest potential benefits for workers are in China and the United States, where the projects could create about 2 million and 1.8 million jobs respectively.

    India, Australia, Brazil, Britain and Canada also could generate hundreds of thousands of jobs each from boosting offshore and onshore wind, solar and hydropower capacity.

    The jobs range from lower-skilled work in construction, installation and manufacturing to professional jobs in things like engineering and project management.

    In Britain, greater investment in green energy could support sustained job creation and economic growth especially in the former coal-mining region of northern England and oil-and-gas producer Scotland, where large wind farms are being developed, the research said.

    The UK pipeline of projects seeking finance includes 540 mainly solar and wind power proposals, with the potential for close to 439,000 new jobs, the report said. It noted total jobs could rise to about 625,000 when power storage, transmission and distribution are added.

    That would mitigate 90 percent of job losses from the Covid-19 pandemic, the ECF said.

    Tim Lord, a net-zero expert with the UK-based Tony Blair Institute for Global Change, cautioned that in many places globally workforces do not yet have the skills to redeploy into clean technologies and their supply chains.

    “This transition is not as simple as you take an offshore oil and gas worker and retrain them to operate a wind turbine, and everyone is happy. Clearly there will be some disconnect,” said Lord, who was not involved in the EY report.

    Coordination between governments and companies will be essential to develop the local infrastructure and skills needed to expand generation and use of renewable energy, which would in turn help attract necessary investment, he said.

    The challenge will be even greater in developing countries where large swathes of the population lack access to electric power and strong markets have yet to be fostered, he told the Thomson Reuters Foundation.

    November’s COP26 climate summit in Scotland will be key to providing the incentives for emerging economies to shift away from fossil fuels and into cleaner power – but that will happen only if richer nations show a clear commitment to decarbonizing, Lord said.

    “If you have a situation where lower-income countries feel like bigger countries are pulling their weight … then I think you can start to see that kind of positive cycle being created around investment and people taking this seriously,” he added.

  • Foreigners in Vietnam face settlement headache

    Foreigners in Vietnam face settlement headache

    The foreigner community has high expectations for quality apartments with synchronized amenities and a favorable location, though good housing options remain limited.

    According to a survey by InterNations, in 2021, Vietnam ranked among the top 10 countries with a foreigner satisfaction rating of more than 86 percent. It was proved in particular by the fact that 9 percent of expats in Vietnam had an annual income of more than $250,000, compared to only 3 percent globally, giving the domestic real estate market, particularly in the high-end and luxury segments of residential and vacation property, a certain customer base.

    To provide foreigners the best living options, Phu Thinh Green Park offers more than 500 smart apartments designed to high-quality standards by Phu Thinh Group. Located in the Ha Dong administrative center with numerous corporate headquarters and international organizations, Phu Thinh Green Park is surrounded by a series of important routes, including Quang Trung, Tran Phu, Nguyen Trai, Le Trong Tan, To Huu, Phuc La, Xa La, Nguyen Xien, and Hanoi metro stations. These customers are mostly experts, high-income employees with strict requirements for living quality, facilities, and proximity to expat communities. However, it is difficult for a foreign specialist to access suitable rental housing that meets excellent living standards and apartment quality, even in a big city like Hanoi.

    Residents can also walk within five minutes to the metro station, supermarkets, commercial centers, administrative centers, hospitals, schools, and golf courses. Foreign tenants who prefer public transportation will soon have the option of taking the Cat Linh – Ha Dong railway. Furthermore, the project is well connected to Thang Long Avenue, where tens of thousands of international professionals work.

    The internal utility system meets all living needs for residents via a 300 square meter overflowing swimming pool, A-class offices, commercial centers, landscaped parks, and rooftop cafes.

    Green Park Phu Thinh is located next to a 100-hectare sports park with four fresh seasons, suitable for recreation and entertainment. The bulk density of trees is like a natural air conditioner for the local atmosphere. The temperature on summer days is usually 2-3 degrees Celsius lower than in other regions.

    Moreover, Phu Thinh Green Park is a place of cultural interference of different countries, which creates a community with diverse lifestyles. Located between the Hyundai Hillstate area and Booyoung Residence, Phu Thinh Green Park attracts a lot of foreigners, mainly from Japan, China, and Korea.

    A square meter in Phu Thinh Green Park costs VND27 million ($1,170). The project is now open for sale during the third quarter of 2021. Documents and handovers are legally transparent to ensure the rights and profits of customers. With each apartment handed over, the basic equipment system will be installed according to standard amenities.

    “Synchronous development of traffic infrastructure of Ha Dong District is strictly guaranteed for a rental profit of 5-6 percent per year and/or a high capital growth of 30-50 percent in the next two to three years. Green Park is suitable for real estate investors expecting high profits and safety,” a project representative said.

    In early 2021, due to the sharp increase of iron and steel prices and transportation costs, the value of an apartment could exceed the purchase price, he added.

  • Inflation in Vietnam likely to be below 3 pct this year

    Inflation in Vietnam likely to be below 3 pct this year

    Inflation this year is likely to be 2.5-3 percent, well below the target of 4 percent set by the National Assembly, due to low consumer demand, analysts said.

    Global prices of strategic materials are likely to climb in the next few months due to geopolitical tensions and Covid-19, but food and foodstuff prices in Vietnam are expected to remain stable due to strong supply and weak demand, the Ministry of Finance’s price management department said at a seminar on the price and market situation on Friday.

    The consumer price index (CPI) was up 1.47 percent year-on-year in the first half of the year, its slowest rise since 2016, according to the General Statistics Office.

    The prices of some foodstuffs like pork and chicken fell, while those of petrol and commodities rose sharply.

    Nguyen Ba Minh, head of the Institute of Economics and Finance, said the CPI would rise by some 2.5 percent this year.

    Le Quoc Phuong, former deputy director of the Vietnam Trade and Industry Information Center, too expected inflation to be below 3 percent.

    Dinh Trong Thinh, an economist at the institute, said if the Covid-19 situation worsens, and Vietnam’s economy grows at 6.8-7 percent in the second half of this year, inflation would be 3.3-3.5 percent.

    If the economy grows at 7-7.4 percent, the inflation would be 3.8-4 percent, he said.

    The government expects growth of 6-6.5 percent in the second half this year depending on the Covid situation.

  • Apple now allows the App Store to host apps for firms that deliver weed

    Apple now allows the App Store to host apps for firms that deliver weed

    Apple has decided to change its mind and is now allowing apps for marijuana delivery services to be listed in the App Store. Apple made the change last month and the tech giant says that apps related to the consumption of marijuana are restricted to areas where cannabis is lega. In addition, they must be submitted to the App Store “by a legal entity that provides the services, and not by an individual developer.”

    Apple’s original policy said “Apps that encourage consumption of tobacco and vape products, illegal drugs, or excessive amounts of alcohol are not permitted on the App Store. Apps that encourage minors to consume any of these substances will be rejeacted. Facilitating the sale of controlled substances (except for licensed pharmacies), marijuana, or tobacco is not allowed.”

    But on June 7th, Apple changed the policy to read, “Apps that encourage consumption of tobacco and vape products, illegal drugs, or excessive amounts of alcohol are not permitted on the App Store. Apps that encourage minors to consume any of these substances will be rejected. Facilitating the sale of controlled substances (except for licensed pharmacies and licensed or otherwise legal cannabis dispensaries), or tobacco is not allowed.”

    While Apple appears to be more open to the changing policies in the U.S. regarding weed, Google is not. The latter updated its policy in 2019 to prohibit the listing of any app that connects Play Store users with marijuana even if it is legal in the jurisdiction where the user lives. Google says that some examples of violations would be “allowing users to order marijuana through an in-app shopping cart feature” or “assisting users in arranging the delivery or pick up of marijuana.”

    Google also says that “facilitating the sale of products containing THC (Tetrahydrocannabinol), including products such as CBD oils containing THC” is against its policies. So what changed Apple’s policies toward allowing marijuana services apps in the App Store? According to Chris Vaughn, CEO of the California delivery service Emjay, the recent legalization movements in states like New York along with Amazon’s decision to stop testing workers for the substance led Apple to change its mind. Vaughn believes that Google will choose to join Apple and update its policies in favor of listing Pot delivery apps in the Play Store rather quickly.

  • Korean court orders Netflix to pay for network usage

    Korean court orders Netflix to pay for network usage

    Netflix has been ordered by a Seoul court to pay network usage fees to mobile carriers. This decision was reached after Netflix brought SK Broadband, the internet protocol subsidiary of SK Telecom to court, following a complaint filed against Netflix with the Korea Communications Commission in November 2019. Netflix had asked the court to review if the US-based over-the-top (OTT) content provider is obligated to pay for SK Broadband’s network usage.

    After the review, the court ruled in favor of SK Broadband citing: “According to the principle of freedom of contract, whether to conclude a contract and what price to pay is a matter to be decided through the negotiations of the concerned parties.”

    “Netflix is at least receiving network services, including management of the network quality, at a cost.”

    This ruling is seen as a precursor for OTT content providers to pay for bandwidth usage fees in South Korea as the principle of net neutrality is losing relevance amid growing streaming audience and traffic. This is likely to impact the strategy of other OTT content providers such as Disney+ and Amazon Prime who are also looking to penetrate the market.

    According to reports, Netflix accounted for 4.8% of all network traffic in South Korea in the last quarter of 2020. Last year, Netflix’s sales in South Korea reached US$356 million, while operating profits totaled US$7.54 million. Year-on-year revenues grew nearly threefold from the preceding year.

  • Snapchat brings its AR Lenses to Viber on Android and iOS

    Snapchat brings its AR Lenses to Viber on Android and iOS

    Viber and Snap have teamed up to bring the latter’s new AR Lenses to the messaging platform. The partnership will integrate AR Lenses in the Viber app, enable sharing to Snapchat, as well as bring customizable Bitmoji avatars to the messaging app.

    The new feature will offer Viber users AR-enabled video messaging for the first time ever. In addition to bringing AR Lenses to its app, Viber also launched 30 new lenses, including animal masks and characters, an underwater lens, goofy cat interactions, and more.

    At least 20 additional lenses are supposed to be launched every quarter, while businesses will get the chance to create their own exclusive lenses on Viber. Speaking of businesses, Viber has already revealed that FC Barcelona, the World Wildlife Federation, and the World Health Organization will be among its first partners to offer new lenses on the messaging app.

    The adoption of Snap’s Camera Kit, Bitmoji, and Creative Kit will allow Viber to add new features to its messaging app, including instant AR (augmented reality), new filters, expressive masks, beautification features, and customized Bitmoji.

    Viber also plans to offer sponsored and branded lenses to ensure a stable revenue stream. According to Viber, the new features are now available for iOS users in the following countries: Australia, Austria, Belgium, Canada, Denmark, England, Finland, France, Germany, Greenland, Iceland, Ireland, Israel, Italy, Japan, Liechtenstein, Luxembourg, Maldives, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the USA.

    The AR Lenses are only available on the beta version of Viber for Android, but the company promised to make these new features available to all Android users by the end of August. The same goes for Viber users in countries other than those mentioned above.

  • Google introduces new 4K Plus add-on on YouTube TV

    Google introduces new 4K Plus add-on on YouTube TV

    If you think YouTube TV’s price has gone haywire, you’re not wrong. Currently, the price for a YouTube TV subscription is $65 per month, although the service started at a $35 tier several years ago.

    Apart from the price customers must pay to get access to their favorite channels, Google added all sorts of perks that aren’t included in the base package. The most recent one is the 4K Plus add-on that does exactly that: it lets you watch 4K content.

    However, you’ll only be able to watch “select live and on-demand content” in 4K from several channels like Discovery, ESPN, FOX Sports, FX, Nat Geo, NBC Sports, and Tastemade. Not to mention that in order for this to work, you’ll need an additional gadget like a compatible 4K enabled TV and/or streaming device.

    Besides being able to watch 4K content, the new add-on will let you download shows to watch offline. Also, you’ll get unlimited streams at home, whereas until now you would be limited to just three streams.

    Obviously, the new add-on isn’t free, so if you want to watch 4K content, you’ll have to come up with $19.99 per month. The good news is the first month is available for free if you sign up now, and then a price of $10 per month for one year. This is only available for customers in the US who have an active YouTube TV subscription and subscribe to the 4K Plus add-on for the first time.

  • Snapchat’s latest update fixes major crash bug on the iPhone app

    Snapchat’s latest update fixes major crash bug on the iPhone app

    Yesterday, Snap released an update for its iOS app which introduced a nasty bug that would prevent those who updated it to continue to use Snapchat. Basically, the app would crash at launch or just after the camera feed would pop up on the iPhone’s display.

    Although it was unclear how widespread the issue was, Snap acknowledged the problem and promised to fix it as soon as possible. That came after a wave of tweets that pointed out the bug, including one of The Verge’s writers who posted an article about the issue and tweeted it.

    True to its promise, the social company confirmed at the end of the day that the crash bug has been addressed. Snap also recommends those who are still having problems with the Snapchat app on their iPhones, to manually update to version 11.34.1.35 in the App Store.

    These things happen sometimes, but it rarely happens that they are fixed so soon. Kudos to Snap’s engineers for nailing this one so fast and props to users who patiently waited for the fix.

  • Eco-friendly organic cotton nappy pants BabyLove launched

    Eco-friendly organic cotton nappy pants BabyLove launched

    BabyLove has taken an eco-friendly approach with the launch of Beyond, a new range of nappy pants designed to make sustainable lifestyle choices easier for parents.

    The range is made from organic cotton and use PEFC-certified pulp from sustainably managed forests, and manufactured in a solar-powered plant that produces zero waste.

    In addition, all materials used in the nappy pants have been tested and certified free from more than 350 harmful substances according to Standard 100 by Oeoko-text.

    Additive-free and hypoallergenic, each nappy is infused with a blend of Jojoba, Rice, and Olive Oil for their moisturizing, anti-inflammatory, and antioxidant properties.

    The product also features a wetness indicator that changes color when it’s time for a change and come with an elastic waistband with easy-tear sides for convenient removal – making life a little easier for busy parents, the company added.

    Beyond by BabyLove nappy pants are available nationwide at Chemist Warehouse, IGA, Foodland, Dranks and Big W.

  • Nha Trang hotels up for sale as Covid puts paid to tourism

    Nha Trang hotels up for sale as Covid puts paid to tourism

    Hit hard by the successive waves of Covid-19, hotel owners in tourism hotspot Nha Trang are putting up their properties for sale on realty forums.

    They have price tags of VND20-300 billion ($0.9-13 million), but are mostly in the VND30-70 billion range.

    Most are in the downtown area on streets like Tran Phu, Hung Vuong, Tran Quang Khai, Pham Van Dong, and Nguyen Thi Minh Khai.

    A seven-story hotel with 19 rooms on Nguyen Thi Minh Khai Road is now available for sale at VND30 billion. “The hotel is a few dozen meters from the beach, and was built a few years ago,” its owner said on a forum.

    The owner of a newer hotel said: “Our hotel operated for only two months and then stopped due to Covid-19. I want to sell it to repay bank loans and engage in another field of business because I think that the pandemic will prolong.”

    According to insiders, in 2015-19, the heyday of Nha Trang’s tourism and property sectors, many non-tourism businesses and wealthy individuals built or bought hotels in the city and hired people to run them.

    However, since 2020, after tourism has been devastated by Covid with almost no international arrivals and few domestic travelers, many have been forced to sell out to cut losses.

    Some two- and three-star properties with 50 rooms or fewer are on sale partly because they face fierce competition from condotels, Phan Viet Hoang, general secretary of the Khanh Hoa Real Estate Brokerage Association, said, pointing out that few four- and five-star hotels are being sold.

    According to the Khanh Hoa Province Tourism Department, there were only 210,000 visitors in the first quarter of 2021, a year-on-year drop of nearly 67.3 percent. The number of foreigners was down 97.6 percent to 10,000, all people stranded due to Covid.

    Hotels in the province reported an occupancy rate of just 8.6 percent during the quarter.

    As of the end of last year Khanh Hoa had over 1,100 tourist accommodation establishments with nearly 50,000 rooms, including 125 hotels rated between three and five stars with 24,000 rooms.

  • Oil Settles Up Near 3-Year Highs On Signs Of Demand Growth

    Oil Settles Up Near 3-Year Highs On Signs Of Demand Growth

    Oil prices steadied on Thursday, holding close to their highest in almost three years, supported by drawdowns in U.S. inventories and accelerating German economic activity.

    Prices also drew support from doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports.

    Brent settled up 37 cents, or 0.5%, to $75.56 a barrel by 12:28 p.m. EDT (1628 GMT), after earlier rising to $75.78. U.S. crude settled up 22 cent to $73.30 a barrel, after hitting a session high of $73.61 earlier.

    On Wednesday, both benchmarks hit their highest since October 2018.

    Data from Germany showed the largest upward leap in retail conditions since German reunification more than three decades ago, stoking expectations European fuel demand will recover.

    Across the Atlantic, U.S. crude inventories dropped to their lowest since March 2020, official data showed. U.S. gasoline stocks also posted a surprise draw.

    The Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+ that meets on July 1, have been discussing a further unwinding of last year’s record output cuts from August but no decision has been made, two OPEC+ sources said on Tuesday.

    On Wednesday, Iran said the United States had agreed to remove all sanctions on its oil and shipping but Washington said “nothing is agreed until everything is agreed” in talks to revive the 2015 Iran nuclear deal.

    The end of sanctions and a return of Iranian barrels to the global oil market “could still be months and not weeks away,” said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois.

    Indian Oil Minister Dharmendra Pradhan on Thursday urged OPEC to phase out crude output cuts as high prices are stoking inflation.

    “Given the good sentiment and robust demand, OPEC+ is likely to find it easy next week to announce a further increase in production, at least for August, without jeopardizing the upswing enjoyed by the oil price,” Commerzbank analysts wrote.

    They said “the currently positive general tenor on the oil market” was driving prices up.

    Brent has gained more than 45% this year on the OPEC+ supply cuts and recovering demand. Some industry executives have talked of crude returning to $100 for the first time since 2014.

  • Hong Kong Dethroned as Most Expensive City for Expats

    Hong Kong Dethroned as Most Expensive City for Expats

    Hong Kong was dethroned as the costliest city for expatriates, according to a recent survey by Mercer, after holding the top rank for three years in a row.

    Ashgabat, the capital of Turkmenistan, was ranked as the costliest place for expat living, according to «Mercer’s 2021 Cost of Living City Ranking», unseating Hong Kong from the top spot.

    The report is based on the examination of over 400 cities and price evaluation of 200 categories of goods and services across essential needs like housing and utilities to personal spending like footwear and tobacco.

    Despite a shuffle at the top, the broader Asia Pacific region still dominated the ranks as home to the costliest cities.

    In addition to Ashgabat, another five Asian cities were also ranked within top ten including Hong Kong (2), Tokyo (4), Shanghai (6), Singapore (7) and Beijing (9).

    Switzerland was also particularly prominent in the rankings with three cities from the country occupying positions in the top 10.

    They include Zurich (5), Geneva (8) and Bern (10).

    But regardless of the region, all employees and employers were impacted by the coronavirus pandemic especially with regards to international mobility.

    According to Mercer, organizations are already implementing alternatives forms of international assignments and cross-border working arrangements to sustain their overseas operations and workforces.

    Cost of living has always been a factor for international mobility planning, but the pandemic has added a whole new layer of complexity, as well as long-term implications related to health and safety of employees, remote working and flexibility policies, among other considerations, said career president and head of Mercer strategy Ilya Bonic.