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US trade shifts on Covid and China tensions, but no 'decoupling' yet

Diversification, not decoupling For now, US government figures through to November show total US-China trade could approach or hit a high in 2022. "Going forward, you're going to see more diversification," as opposed to a complete cut-off of shipments from China, said Sweet. Auto manufacturers, for example, experienced supply chain problems during the pandemic.

Increasing climate-related disruptions are also "raising the risks of overconcentrated supply chains in one firm or one geographic area," said Robert Koopman, a lecturer at American University and a former World Trade Organization chief economist. Meanwhile, the US is trying to be more self-reliant in specific sectors like semiconductors. "The recent (Inflation Reduction Act) and Chips Act, and related sanctions are clear indicators of the Biden administration's efforts to decouple from China" in these areas, said Koopman.

Emily Benson, senior fellow at the Center for Strategic and International Studies (CSIS), added: "As companies reassess risk and review the current state of their supply chains, one consistent outcome is movement... away from China to other countries." These could be countries in Southeast Asia or closer to the United States. "While this trend is growing, it resembles sand leaking out of a bag more than it does a tsunami," she told AFP.

It is likely "too early" for definitive comments on industries, but US export controls "are going to force some decoupling" over time in technology or areas where semiconductors are key, Benson said. 'Substitution' Lovely of PIIE noted that some business has moved from China to countries like Vietnam or Mexico. "There's definitely been some substitution of suppliers," she said, adding that is fueled partly by

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Sandya Ekneligoda among 25 women activists named to prestigious ‘BBC 100 Women 2022’

Colombo (News 1st) – Sri Lanka’s human rights campaigner Sandya Ekneligoda is among just 25 women activists worldwide who have been named to the prestigious ‘BBC 100 Women 2022’.Mrs. Ekneligoda has relentlessly campaigned for human rights in Sri Lanka since her husband, journalist Pradeep Ekneligoda who was himself an activist, disappeared in 2010.

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First woman referee in a men’s World Cup game on Thursday

COLOMBO (News 1st) – History will be made when Costa Rica face Germany on 1 December 2022 at the Al Bayt Stadium when Stephanie Frappart becomes the first woman in the history of the World Cup to referee a finals match in the men's tournament.However, it will not be the first time the 38-year-old French referee has written her name into football history. Frappart was also the first woman to referee a Ligue 1 and UEFA Champions League game.Frappart will be joined by assistant referees Neuza Back of Brazil and Mexico’s Karen Díaz Medina for the crucial Group E game.Before the World Cup, Pierluigi Collina, chairman of the FIFA Referees Committee, said of the three female referees at the World Cup: "They were not selected because they are women, but as FIFA referees.

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Referee Frappart makes history as first woman to referee men’s World Cup game

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President welcomes eight new diplomats

COLOMBO (News 1st) – Seven newly appointed Ambassadors and a High Commissioner to Sri Lanka presented their credentials to President Ranil Wickremesinghe at the Presidential Secretariat on Friday (11).Accordingly, His Excellency Mr. Federico Salas Lotfe, the Mexican Ambassador to Sri Lanka, His Excellency Mr.

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Amb. Samarasinghe presents credentials to OAS

COLOMBO (News 1st) – Ambassador of Sri Lanka to the United States, concurrently accredited to Mexico, Trinidad and Tobago Mahinda Samarasinghe met with Secretary-General of the Organization of American States (OAS) Ambassador Luis Almagro, recently at the Organization’s Headquarters in Washington DC. He presented letters of credence as a permanent observer to the Organization, one of 71 countries with this status. During the interaction with the Secretary-General (a former Ambassador, Foreign Minister and Senator from Uruguay), the Sri Lankan Ambassador briefed him on the steps being taken by the Government of Sri Lanka to overcome the present economic challenges and the progress achieved to date.The Ambassador adverted to Sri Lanka’s relative lack of resident diplomatic representation in OAS countries with only four Missions operating in the 35 member states (United States, Canada, Brazil and Cuba). He inquired of the Secretary-General if Sri Lanka could use the good offices of the OAS to expand and strengthen ties with the other states, to which the response was encouraging and positive.The potential for further enhancing trade with OAS countries was also mentioned during the discussion. The Secretary-General welcomed such initiatives.

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Unilever’s health data shows junk-food metrics are up for debate

The consumer-goods giant subjected its product range to broader scrutiny after ShareAction, a responsible investment charity, championed a resolution urging the company to do the reporting. Unilever’s rivals have yet to do the same.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0