Shanghai’s Fosun Foundation is inspired by traditional Chinese theaters and was designed by Foster+Partners and Heatherwick Studio.
The 4,000-square-meter theater is covered by a curtain-like facade, made from three layers of constantly shifting tubes. Read more…
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.
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.
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.
Subscribe via Email
Thai Government Orders 20 Million Doses of Pfizer COVID-19 Vaccine
The ministry will have a month to negotiate with Pfizer, while the company must send documents to register the vaccine...
Vaccine shortage could derail Thailand’s economic recovery
As much of the Asia-Pacific region is gearing up for a 2022 reopening and recovery, Thailand is now lagging behind...
Thailand’s Consumer Confidence Hits new Record Low in May
The University of the Thai Chamber of Commerce (UTCC) has reported that Thailand's Consumer Confidence Index (CCI) for May fell...
The future of rail travel in Thailand
Hua Lamphong is, for many people, a beloved representation of rail travel in Thailand. However, there is a significant upgrade...
Thailand Calls for Lifting of Intellectual Property Protection on COVID-19 Vaccines
Thailand will push for COVID-19 vaccines to be removed from intellectual property protection lists, as per the Trade-Related Aspects of...