Britain’s May to agree departure after latest Brexit deal bid

 British Prime Minister Theresa May will set out a timetable for her departure in early June after the latest attempt to get her Br

exit deal approved by parliament, the chairman of a powerful Conservative committee said on Thursday.

Three years after Britain voted to leave the European Union, there is littl

e clarity over when, how and even whether Brexit will happen, prompting some in her party to c

all for a new approach to the country’s biggest policy shift in more than 40 years.

May has promised to step down after her Brexit deal is approved by lawma

kers. But many in her party want her to set out clearly when she will quit if the agr

eement is rejected for a fourth time, and others are demanding her immediate departure.

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Condolences flooded social media at the news of Pei’s passing.

Just a few minutes ago, the Louvre received the most saddening news. The architect behind the pyramid of

Louvre Museum, the Chinese architecture we just mentioned a few days ago, Mr I.M. Pei, one of the greatest architectural mas

ters in the world, died on May 16. He was 102. You may have gone to heaven, but you and your works will be forever rem

embered by the world,” read the Louvre’s official Sina Weibo account this morning.

“Mr Pei’s outstanding architectural designs made greatly important contributions to t

he history of architecture. As a Chinese-American, Mr. Pei was devoted to promote mutual und

erstanding between China and the US, and to further cultural exchange between the East and the West.

“The embassy building of China’s embassy to the US is an exempla

ry work that merges the East and the West and that manifests the long-term friendship and co

mmon future between the two nations. We recall with sentiments the architectural legacy Mr Pei has left us, and

the influence he has had on the world,” read a statement from the embassy of the US to Chin

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Lee Byong-hyun, chairman of the executive board of UNE

said at the session’s opening ceremony that multilateral cooperation is crucial in tackling local, regional and global issues.

“My experience has taught me that the key for the success of international cooperation is dialog

ue,” he said. “This requires being curious about others, willing to open up and ready to listen with real engagement.”

Chen Baosheng, minister of education, said civilizations are enriched by exchanges, in which people learn from each other.

“To promote the world’s peaceful development, we need to see more and think more in light of protecting diverse Asian civiliza

tions. It’s encouraging to hold a more inclusive and modest attitude about equal dialogue among Asian civilizations.

“We need to keep the principle of amity, sincerity, mutual benefits and inclusive

ness in mind to make the dialogue among Asian civilizations an inspiration to the world an

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ei Jianguo, a former vice-minister of commerce, said US bus

inesses and consumers will pay the cost amid hefty levies, which will eventually add significant pressure on the US economy.

The US government’s moves risk sparking a full-blown trade

war with China, and China is fully prepared for any possibility, Wei said.

Economists at Goldman Sachs said in a research note that recent data showed the costs of Washington’s tariffs on China last year

had fallen “entirely” on US businesses and households, with no clear reduction in prices charged by Chinese exporters.

The bank said that US consumer prices are higher, partly because Chinese exporters have not low

ered their prices to better compete in the US market. In addition, some US producers “op

portunistically” increased prices in response to protection from Chinese competitors, it said.

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Online English education sector records 168% growth but ch

nline English-language courses for children saw an explosive growth in 20

18, according to a report released by data-monitoring firm Trustdata on Tuesday.

The report on China’s online English education market for children s

hows that the market had more than 15 million users last year, up 168.3 percent year-on-ye

ar. It’s expected that the market size would surpass 50 billion yuan ($7.3 billion) in 2019.

The market pattern of one-on-one teaching has been gradually for

med and the top brands have secured the lion’s share of the market, as per the report.

Market size doubles in one year

The market size of online English-language education for childre

n was 21.3 billion yuan in 2018, an increase of 104 percent year-on-year, with one-on-one teaching taking

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Fertility rates, meanwhile, remain astonishingly high in

n some countries, especially in Sub-Saharan Africa. In a few of the poorest-Niger, Mali and th

e Democratic Republic of Congo-the rate is 6-7 children per woman. The resulting flood of new ent

rants to the labor market is far outstripping the number of jobs available.

Empowering women key to meeting challenge

No known growth model can accommodate or keep up with this k

ind of demographic surge. Even sustained economic growth of around 7 percent per year

won’t be enough. And although fertility tends to decline as incomes rise, that does not happen immediately. Em

powering women, therefore, may be the most effective way of starting to address the challenge.

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So far, up to 14,000 students in the district have tak

n skating and skiing lessons, said Zheng Shiyong, deputy director of Yanqing district’s education commission.

“We will continue supporting and encouraging more people to participate in winter

sports,” he said, adding that around 17,000 students will experience winter activities by the end of this year.

Some professional winter sports activities have also been designed into the distr

ict’s education plans, with more professional instruction to students, according to Zheng.

The district’s education authorities also cooperated with its sports bu

reau to make winter ice and snow sports available to all residents in the area.

“We will have 110,000 people participating in winter ice and snow acti

vities by 2022 in Yanqing,” said Ma Zhiyong, deputy director of the sports bureau.

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Singaporean prime minister Lee Kuan Yew’s and curr

ent Malaysian Prime Minister Mahathir Mohamad’s championing of Asian values as the ideal way to govern their countries.

Lee and Mahathir maintained that in Asia, social order and strong governance are keys to a stable and wealthy society.

This type of governance succeeded in fostering rapid growth in Singapore, Malaysia, South Korea and China. Sant

arita said strong Asian leaders are effective because they serve their constituents and value mutual respect and discipline.

Analysts said the Asian emphasis on community and harmony can help resolve some of the wo

rld’s most pressing international issues such as territorial disputes, climate change and sustainable economic development.

Santarita cited the current dispute over the South China Sea which some

times strains relations between nations. He said the claimants can opt to work to

gether to develop and share resources offered by the South China Sea’s blue economy.

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The reform and opening-up policies are exactly the kin

ds of market-driven reforms needed to make this happen. The Chinese government is investing heavily in research

and development, but it should be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

Nobody likes competition against themselves. So, it must be admitted that China’s transiti

on to a high-tech, high-value-added economy will come as a shock to many companies around the world.

The US economy, which has about 7 percent of GDP in high-tech manufacturing, will be lightly affected by this change.

On the other hand, advanced manufacturing contributes around 20 percent of GDP in South Korea, Japan, Ge

rmany and a few smaller European countries. They will be much more directly affected.

China’s transition over the next 10 years will not be painless for its compa

nies or for foreign competitors. But, reform and opening-up policies that create more com

petitive companies and markets are the only way to achieve a richer and more productive world economy in the long term.

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My reaction (to the share price) is if we build and bu

ild well, shareholders will be rewarded. We’re certainly not measu

ring our success over a day, it really is over the years,” Khosrowshahi told Reuters.

The IPO was a watershed moment for the decade-old com

pany, which was started after its founders struggled to find a cab on a snowy night.

Khosrowshahi was accompanied by a team of Uber officials at the NYSE to celebrate. Co-founder and former CEO Tra

vis Kalanick, who resigned in 2017 under pressure from investors, was also seen on the trading floor.

MARRED BY SCANDAL

The company’s road to IPO was marred by several hurdles includ

ing increased regulation in several countries and fights with its drivers over wages.

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