The Hanoitimes - The center’s experts said that as May is still the transition period, there is a dispute between hot and cold waves, so extreme weather may occur such as tornadoes, hail and strong wind in the thunderstorm. Scorching heat to attack Hanoi tomorrow The blazing hot temperatures in Hanoi city, as well as Vietnam’s northwest and central region may last until May 20, according to the National Center for Hydro-Meteorological Forecasting (NCHMF). The current heat wave scorches Hanoi since early morning, with the highest temperature of 35-37 degrees Celsius, it even is expected to surge to 39 degrees Celsius tomorrow. Hot weather will continue to take place in Hanoi in May. Photo: Cong Hung The NCHMF said that Foehn wind, caused by impact of the southeastern edge of the western hot low-pressure area, is developing and causing hot weather across the northern region, with temperatures ranging from 36 to 39 degrees Celsius, and even 40 in some … [Read more...] about How long is scorching heat in Hanoi lasting?
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The Hanoitimes - Banning motorbikes is expected to curb traffic congestion and pollution. However, it has a long way to go. Curbing private vehicles in Hanoi is inevitable Hanoi plans to wean off motorbikes in downtown areas by 2030 as part of efforts to ease traffic congestion and environment pollution. However, the ban is under question as the public transport network is not expanding fast enough. Illustrative photo Let’s see why Hanoi considers the move and how the city’s authorities can make the plan work. Why? Hanoi has 5.5 million of motorbikes and more than 500,000 cars with additional 18,000-22,000 motorbikes and 6,000-8,000 cars registered monthly for circulation amid limited cleared land for road expansion, according to Director Nguyen Hoang Hai of the Hanoi Urban Transport Management and Operation Center (TRAMOC). The city suffers economic damage worth US$1 billion to US$1.2 billion per year due to traffic congestion. In … [Read more...] about Hanoi’s motorbike ban: Why and How?
The Hanoitimes - The sanctions leave direct impact on North Korean economy shown through a sharp decline in exports last year. What are visions for the denuclearization after second no-deal summit? The failure of the second Trump-Kim summit in Hanoi suggests sanctions remain a big issue between the US and North Korea, foreign media quoted international experts as saying. The UN Security Council votes to adopt a resolution imposing sanctions against North Korea. Photo: Getty Images North Korean nuclear negotiator Kim Yong Chol told Secretary of State Mike Pompeo in May 2018 that Pyongyang’s shift away from weapons was “not a result of sanctions that have been imposed from outside.” But in July 2018, Seoul-based Bank of Korea estimated the North Korean economy had seen its biggest decline in two decades, with the country’s real annual gross domestic product (GDP) falling by 3.5% in 2017 while exports declined 37.2% in 2017 alone. … [Read more...] about How much do US-led sanctions hurt North Korea economy?
Arun Kelshiker, head of Portfolio Strategy at Standard Chartered Private Bank In our childhood, we learn some life-skills which we never really forget—skills such as riding a bicycle or swimming. But how often do we learn at a young age how to save and invest and plan our finances for ourselves and our loved ones? Yet, certain financial skills, such as making investment decisions, impact our longer-term life choices. Starting to invest early is probably one of the most basic financial knowledge one needs to imbibe at an early age. This is because the longer one lets one’s money grow, the bigger it grows. As Albert Einstein famously said: “Compound interest is the eighth wonder of the world and the most powerful force in the universe.” Once we start early, the next crucial investment idea is the knowledge that capital preservation is key to generating sustainable long-term returns. Yet, knowingly or unknowingly, many of us still find ourselves trying to … [Read more...] about Long term investment is the key to sustainable returns
Doctors said there was no hope. The baby would die. The broken-hearted father signed the cremation papers. He could not take her to their native place for burial because the premature baby’s mother, his wife, was still in the hospital and had to be tended to. Later, the sad parents went to the hospital to collect the ashes, but could not. They returned home, accepting their fate. But... In a story that twists at every turn with ifs and buts, the baby did not die. No chance “When I was six months pregnant, doctors at the district hospital said my baby had congenital hydrocephalus (a condition in which cerebrospinal fluid accumulates within the brain and increases pressure inside the skull). They advised me to give her up. “Even if she was born, she would not survive (for long), they noted,” said Khong Thi Thu Trang, sitting in her small house in the Mekong Delta province of Ben Tre. Trang and her husband did not lose hope immediately. They went to the Tu Du … [Read more...] about A baby dies, survives and reunites with long-lost Vietnamese mother