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Signaling iPhone 5 release, FedEx plans for ‘surge volume’ event Sept. 21-24

We know Apple is going to show off the iPhone 5 (or whatever it’s called) at its media event on September 12, but a release date is still up in the air. So far, rumors point to September 21 as the iPhone 5 release. Now, a FedEx warning to employees is making that rumor seem even more believable. FedEx is reportedly planning for a major “surge volume” event between September 21 and 24, according to MacRumors report. That fits in nicely with the past release date rumors, and it’s especially noteworthy since Apple typically relies on FedEx for device shipments. The FedEx warning also lends some credence to a rumor that Apple would offer preorders for the iPhone 5 on September 12, right after announcing it. Last year, Apple waited three days after announcing the iPhone 4S before taking preorders. We’ve also heard that both AT&T and Verizon Wireless are blocking out employee vacation time in late September. VentureBeat will be on the ground at next week’s iPhone 5 event, so check back here for some live coverage. Photo via iLabFactory Filed under: mobile, VentureBeat

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We know Apple is going to show off the iPhone 5 (or whatever it’s called) at its media event on September 12, but a release date is still up in the air. So far, rumors point to September 21 as the iPhone 5 release. Now, a FedEx warning to employees is making that rumor seem even more believable. FedEx is reportedly planning for a major “surge volume” event between September 21 and 24, according to MacRumors report. That fits in nicely with the past release date rumors, and it’s especially noteworthy since Apple typically relies on FedEx for device shipments. The FedEx warning also lends some credence to a rumor that Apple would offer preorders for the iPhone 5 on September 12, right after announcing it. Last year, Apple waited three days after announcing the iPhone 4S before taking preorders. We’ve also heard that both AT&T and Verizon Wireless are blocking out employee vacation time in late September. VentureBeat will be on the ground at next week’s iPhone 5 event, so check back here for some live coverage. Photo via iLabFactory Filed under: mobile, VentureBeat

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Signaling iPhone 5 release, FedEx plans for ‘surge volume’ event Sept. 21-24

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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How will oil prices shape the Covid-19 recovery in emerging markets?

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How will oil prices shape the Covid-19 recovery in emerging markets?

– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

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While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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