Baozun Earnings Mixed, Expects Business To Accelerate
Baozun stock climbed as the China e-commerce company reported first-quarter results that missed revenue estimates, though it expects an acceleration in business in the current quarter.
The Superfood Powders Market will grow by USD 5.61 bn during 2020-2024
Dame Mary Berry has said changes brought on by the pandemic have taught people to adapt when it comes to home cooking. Celebrities taking part in the BBC One show include former cabinet minister Ed Balls and the Prime Minister’s sister Rachel Johnson, who said she “literally can’t boil an egg”. “It made headlines when I was shadow chancellor,” said Balls, who was accused of holding lasagne dinner parties to undermine then Labour leader Ed Miliband at the time.
The latest inter-ethnic violence to rock Sudan’s restive Darfur region had killed nearly 140 people by Monday, tribal leaders said just weeks after a peacekeeping mission ended operations. Clashes left 55 people dead in South Darfur on Monday, after a separate round of violence in West Darfur reportedly killed 83 and displaced tens of thousands over the weekend.It was the worst violence reported since the signing of a peace agreement in October, which observers had hoped would end years of war.The bloodshed, which appeared not to involve any signatories to the deal, came just over two weeks after the United Nations / African Union peacekeeping force UNAMID ended years of operations.While former rebels have committed to laying down their arms, decades of conflict have left the vast, impoverished region awash with weapons and divided by bitter rivalries over land and water.In South Darfur, fighting broke out early Monday between the powerful Arab Rizeigat tribe and the Fallata, a cattle and camel-herding people who trace their roots to the Fulani of western Africa.“The clashes between the Rizeigat tribe and the Fallata tribe have killed 55 people, and wounded 37 others,” local Fallata leader Mohamed Saleh told AFP.Saleh said that several homes were torched in the attack, which appeared to be in revenge for Fallata tribe’s killing of a Rizeigat member around a week ago.‘Deficient’ peace dealThe fighting in South Darfur comes after at least 83 people were killed in clashes between rival ethnic groups on Saturday and Sunday in El Geneina, the capital of West Darfur state.On Monday, SUNA news agency quoted the West Darfur governor as saying the death toll was yet to be confirmed as uncounted bodies remained at the scene of the fighting.Aid group Save the Children urged all sides to lay down their arms “before the situation gets out of control.”The charity’s Sudan director Arshad Malik said the wounded had overwhelmed healthcare centres and that “we have seen disturbing photos of injured and dying people on the floors and corridors of hospitals”.The group warned that “many children will have been separated from their parents, and will now be at risk of exploitation”.Sudanese authorities said they had sent a “high-profile” delegation to calm tensions.The vast north-east African country has been undergoing a fragile transition since the April 2019 ouster of president Omar al-Bashir following mass protests against his rule.The Sudanese Professionals Association, an umbrella group which spearheaded the protests against Bashir, said Sunday that the violence showed the “deficiencies” of the peace deal, saying it failed to address the root causes of the conflict.Bashir, who is in custody and on trial in Khartoum, is wanted by the International Criminal Court for alleged genocide and war crimes in Darfur.‘Ugly face of war’Darfur endured a bitter conflict that erupted in 2003, leaving roughly 300,000 people dead and 2.5 million displaced, according to the UN.The war had erupted when ethnic minority rebels rose up against Bashir’s Arab-dominated government, which responded by recruiting and arming a notorious Arab-dominated militia known as the Janjaweed.The main conflict has subsided over the years but ethnic and tribal clashes still flare periodically, largely pitting semi-nomadic Arab pastoralists against settled farmers.On December 31, the UNAMID force formally ended its 13 years of operations in the region. It plans a phased withdrawal of its approximately 8,000 armed and civilian personnel within six months.Fearing deadly violence, Darfur residents held protests in late December against UNAMID’s departure.The UN secretary-general’s spokesman Stephane Dujarric called on Sudanese authorities to “bring an end to the fighting”.“Escalating inter-communal violence has resulted in scores of deaths and injuries, the displacement of nearly 50,000 people and the destruction of property,” he said in a statement.Jan Egeland, secretary-general of the Norwegian Refugee Council, warned that “the ugly face of war” could return to Darfur and called for more aid and protection.“International support must not fade,” Egeland tweeted.Sudan’s transitional government, a power-sharing arrangement between generals and civilians, signed a peace deal with rebel groups in Sudan’s main conflict zones, including Darfur, in October.Gibril Ibrahim, leader of the Justice and Equality rebel movement, wrote on Twitter that the violence in West Darfur was “a human tragedy”.Another rebel leader, Mini Minawi, urged implementation of the peace deal called for “reconciliation” between Darfuri tribes.Two groups have refused to join the peace deal, the latest in a string of agreements, including the Sudan Liberation Movement (SLM) faction led by Abdelwahid Nour, which is believed to have considerable support in Darfur.(AFP)
Samantha Mewis scored three goals and her big sister Kristie Mewis added another to give the United States a 4-0 exhibition victory over short-handed Colombia on Monday. The U.S. extended its unbeaten streak to 33 matches. The defending World Cup champions have a 49-game undefeated streak on home soil.
The actress, 32, debuted a new look Sunday in a video message to a friend
President has just hours left in White House yet demonstrators will not give up, reports Andrew Buncombe
A Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales, state media reported, reflecting Chinese retail fever toward stocks. E Fund Management Co launched the fund on Monday and raised 237 billion yuan ($36.6 billion) in subscription money, nearly 16 times its fundraising cap of 15 billion yuan, official Securities Times reported on Tuesday, citing sales channels. E Fund said official data will be released soon, without giving figures.
(Bloomberg) -- California utilities started cutting power to residents to prevent wildfires in an unprecedented move for this time of year.The measure is designed to prevent live wires from sparking blazes as high winds are set to sweep through the drought-weary state amid summer-like temperatures. More than 290,000 homes and business are at risk of losing electricity, utilities said.Edison International’s Southern California Edison said it cut service to about 50 customers, while about 285,000 customers in mountains and valleys in the Los Angeles area face blackouts within 48 hours due to a forecast of a strong Santa Ana wind event.PG&E Corp. said Monday that it will switch off 5,465 customers living in the southern part of the state’s Central Valley and Sierra Nevada foothills, down from an earlier estimate of about 21,000.These power cuts are extremely rare in the winter and utilities have never warned of a possible shutoff of this size in January. The blackouts planned this week could affect more than 850,000 people, based on the average size of the state’s households.The new shutoffs underscore how wild California’s weather has become as climate change brings about increasingly extreme warmth and drought. Last year, record temperatures took down large swaths of the state’s power grid and wildfires torched more acreage than ever before.Read more: California’s Climate Tinderbox: A Scientist on the Fire CrisisDuring a regular winter, public safety power shutoffs “would not be under consideration, but this winter has been anything but normal,” PG&E meteorologists said on the utility’s website. Only 22% of the average rainfall this winter has fallen in the southern Sierra, they said.High winds, along with low humidity that has dried brush and grasses making them easier to burn, will create critical conditions Monday and Tuesday, the U.S. Storm Prediction Center said in a forecast.“Recent fuel sampling indicates that the vegetation is still unseasonably dry and ripe for larger wildfires during windy periods,” Edison’s spokesman Reggie Kumar said by phone. “The last two months of 2020 were part of the worst fire season that California has seen, with near-record levels of dryness in November and December.”A storm system will near Southern California later this week and could bring cooler temperatures, though the region probably won’t get any rain from, said Bryan Jackson, a forecaster with the U.S. Weather Prediction Center. On Sunday, California saw temperatures rise to the 70s Fahrenheit in the central part of the state, setting records for the day in San Francisco, and into the 80s to the south, the National Weather Service said.While the winter months usually mark California’s rainy season, much of the state remains gripped by drought conditions, according to the U.S. Drought Monitor.(Updates with utilities starting power cuts in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The coronavirus crisis has taken a “devastating toll” on young people’s mental wellbeing, with the unemployed more likely to feel anxious and depressed, a new study suggests. Research by The Prince’s Trust suggested the experience of young people not in education employment or training is more negative than those in work and training. The youth charity said its survey of 2,180 people aged 16 to 25 across the UK indicated that that more young people are feeling anxious than in the 12-year history of the study.
Shubman Gill brought up a rousing half-century to push an injury-ravaged India within 245 runs of a series victory at lunch on the final day of the fourth test decider against Australia in Brisbane on Tuesday. Playing in only his third test, the doughty 21-year-old steadied India after paceman Pat Cummins had Rohit Sharma caught behind for seven on a glorious morning at the Gabba after the tourists resumed on four for no loss. Gill was 64 not out, with Cheteshwar Pujara on eight off 90 balls, and India 83 for one with little threat of rain interrupting proceedings.
Tuesday’s front pages feature a range of stories on the coronavirus and beyond.
Almost three quarters of Japanese firms expect to keep capital spending steady or raise it in the coming business year from the fiscal year ending in March, a Reuters monthly survey showed, despite broader uncertainty over the coronavirus resurgence. The latest survey will be of some relief to policymakers counting on investment in areas such as digital transformation and green technology to sustain private demand-led recovery in the world's third-largest economy. "We cannot loosen our grip on capital expenditure in areas such as IT (information technology) to back telecommuting, although we must avoid any unbridled investment," a wholesale manager wrote in the Dec. 24-Jan. 13 survey.
Yuichiro welled up as he collected a food parcel at a Tokyo outreach event offering help to the growing number of Japanese pushed into poverty by the coronavirus pandemic.
Australian on the Classics, Sunweb leadership and Hirschi’s move to UAE
Wall Street may be facing an uncomfortable four years after President-elect Joe Biden's team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB). Progressives see the agencies as critical to advancing policy priorities on climate change and social justice.
Asian share markets edged ahead on Tuesday as investors wagered China's economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China's economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.2%, to be a whisker from record highs.
Shubman Gill scored an unbeaten 64 to post the highest score of his brief test career, doing his bit to help India's attempt to retain the Border-Gavaskar Trophy in the series decider against Australia. India lost only one wicket in the morning session Tuesday and reached lunch at 83-1. While Gill scored his 64 from 117 balls, Chesteshwar Pujura was stone-walling at the other end with 8 runs from 90 balls.
Calls to shorten Australian Open matches rejected as player quarantine likened to 'prison'
Brent crude futures edged up on Tuesday as optimism that government stimulus will buoy global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally could cool fuel consumption. Brent crude futures for March rose 17 cents, or 0.3%, to $54.92 a barrel by 0150 GMT after slipping 35 cents in the previous session. Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.