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This week in Asian Football
Discussion points on Asian football this week: KASHIMA THROWNAGOYA TO MAINTAIN LEADER IN JAPAN Kashima Antlers defeated Nagoya Grampus by 4-0 on Sunday to maintain a four-point advantage over Vissel Kobe, the defending champions in Japan. Kashima won the match after Elber and Leo Ceara scored in the first 20 minutes. Homare Tokuda then scored two goals in the last 2 minutes. Kobe won 2-1 over Shimizu S-Pulse thanks to a goal from Gotoku Sakai in stoppage time. LEONARDO DOUBLE PUTS SHANGHAI BACK ON TOP OF CHINA Shanghai Port, the defending champions of the Chinese Super League, moved back to the top with a 3-2 victory over Wuhan Three Towns in the Chinese Super League on Friday. Leonardo equalised in the 85th minute before scoring seven minutes into extra time to help Port take advantage of Chengdu Rongcheng’s 3-3 draw against Zhejiang FC. Chengdu lost a three-goal lead at halftime in Hangzhou. Yago Cariello equalized for the hosts after 10 minutes of stoppage time. Chengdu now sits second, two points back from Port, with four matches remaining. JEONBUK'S LEAD OVER SEOUL IN KOREA NARROWS AFTER DRAWING WITH THEM Jeonbuk Motors' lead in the K League was trimmed by two points on Saturday, as Gus Poyet’s team were held to a 1-1 draw with FC Seoul. Meanwhile, Gimcheon Sangmoo defeated Pohang Steelers 2-0 despite having 10 players. Yeon Jeun's own goal in the 96th minute denied Jeonbuk three points. However, Jeonbuk still has a 15-point lead. Gimcheon won after Lee Dong Hee's dismissal in the 42nd minutes gave the army the upper hand. After the break, goals from Lee Dong Gyeong and Won Ki Jong sealed the victory. AL-NASSR DOWN CHAMPIONS AL-ITTIHAD TO MOVE TWO POINTS CLEAR Al-Nassr, which is currently leading the Saudi Pro League, defeated Al-Ittihad by a 2-0 score on Friday. Al-Ittihad's Laurent Blanc lost his job after the defeat. Al-Nassr now has a two-point lead over Al-Qadsiah in second place, which won 1-0 at home against Al-Fateh. Al-Ittihad drops to third, a further one point behind. They are now level with Al-Taawoun and Neom on nine points after the first four matches of the new season. (Reporting and Editing by Peter Rutherford, Michael Church)
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South Korea now allows Chinese tourists to enter the country without a visa
South Korea started offering visa-free entrance to Chinese tourist groups Monday. It hopes that this measure will help boost its economy and improve relations with its Asian neighbor. In the pilot program, which will run until June next year, groups of at least three tourists from mainland China can stay for 15 days without a visa. This action is in anticipation of China's National Day holiday from October 1-8 as well as South Korean holidays at the same time. South Korean businesses are looking to take advantage of the increase in demand. Shilla Duty Free organised a Chinese Cruise Tour and Baedal Minjok, a food delivery app, is now offering payment options through Alipay and WeChat Pay. The program, announced in March 2013, follows China's decision, made last November, to grant visa exemptions to South Koreans up to 30 days. Last time South Korea allowed mainland Chinese visa-free entry, it was between December 2017 and March 2018 during the Pyeongchang Olympics. The new administration in South Korea, led by President Lee Jae Myung, hopes to improve ties between China and South Korea during the expected visit of President Xi Jinping to South Korea in late October for an Asia-Pacific Summit. (Reporting from Jihoon in Seoul and Joe Cash, Beijing; Additional reporting provided by Hyunjoo Ji; Writing by Josh Smith and Editing by Edwina gibbs.)
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As Typhoon Bualoi hits Vietnam, one person is dead and 12 others are missing
The typhoon Bualoi, which brought heavy rains and huge waves, made landfall early Monday morning in central northern Vietnam. At least one person died and 12 others were missing. According to the National Weather Forecast Agency, as of 0800 (0100 GMT), the typhoon had moved over Nghe An Province. Maximum wind speeds were down to 88 km/h from 117 km/h when it first made landfall. Bualoi moved along the coast of the country for several hours before it made landfall. According to the National Weather Agency, the waves were as high as 8 metres. State media reported that one person drowned after being swept away by floodwaters in Hue, and 12 fishermen are missing after four fishing boats were sunk off the coast of Quang Tri Province due to huge waves. Four airports in the central provinces had been closed, and hundreds of flights were delayed or cancelled. Authorities have warned that heavy rains could cause severe flooding and landslides. According to the weather agency, rain was expected to reach 500 millimetres in some parts of the country from Sunday night to Tuesday. Vietnam's long coastline, which faces the South China Sea and is often affected by typhoons, can be dangerous. Typhoons are usually formed east of the Philippines where, last week, at least ten people were killed after Bualoi struck. (Reporting and editing by John Mair; Khanh Vu)
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China Oil Port to Ban Shadow Fleet
According to a notice from the terminal operators of a major oil-port in East China's Shandong Province, they plan to implement measures to stop shadow fleet vessels visiting and to limit visits by old tankers. The measures will come into effect on November 1 and ban ships older than 31 years old, as well as vessels with fake International Maritime Organization (IMO) numbers. Traders said that this would be a direct attack on the so-called shadow fleet, which transports oil in violation of Western sanctions. The notice was issued by four terminal operators in Huangdao Port, last week. It came a month after an oil terminal at Dongjiakou Port, near Huangdao, had been designated by the United States as receiving Iranian crude oil transported by ships under sanctions. Huangdao, as well as Dongjiakou, are both located in the larger Qingdao Port area. This is the main Chinese entry point for Iranian Oil. China, Iran's largest oil client, has repeatedly defended oil transactions with Iran, and opposed unilateral Western sanction. NO IMMEDIATE REACTION Qingdao Shihua has not commented on the incident yet, nor have any of the three other companies been contacted. The new risk-rating regulations for tankers appear to be a preventative step, driven by rising U.S. pressure on sanctions, even though this isn't explicitly stated in the notice," said Emma Li. She works as a China analyst at tanker tracking company Vortexa Analytics. Li said that the impact of this is likely to be minimal, as Huangdao plays a relatively minor role in handling tankers with high risk compared to other Shandong port. According to the document we reviewed, vessels with invalid or expired certificates issued by various international agencies and those who have a history of pollution or accidents in the past three years are also barred from calling. Terminal operators will also introduce a scoring system to rate the level of risk for vessels: the older the ship, the lower its score. A vessel rated at 55 or less will not be allowed to anchor if the terminal operator gives it a 100-point score. Document shows that the scoring system takes into consideration the classification society of a vessel and its pollution liability coverage. Terminal operators include Qingdao Haiye Oil Terminal Co., Qingdao Shihua Crude Oil Terminal Co., Qingdao Gangxin Oil Products Co. and Qingdao Lixing Logistics Co.
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French court opens new trial 16 years after AF447 Air Disaster
The French Court of Appeal will start a new trial Monday against Air France and Airbus, 16 years after the crash of a jetliner into the Atlantic that killed all 228 passengers. In 2023, a lower French court cleared the two companies of corporate murder following a landmark public trial on the June 1, 2009 disappearance of Flight AF447 en route between Rio de Janeiro and Paris. French investigators discovered that after a two-year hunt for the A330 black boxes, pilots mishandled temporary data loss from iced up speed sensors, and sent the jet into a free fall or aerodynamic stall, without responding. The trial, which took place more than a century later, also revealed discussions between Air France (now Airbus) and the sensor manufacturers about the growing problems of the "pitot sensors" that produce speed readings. A Paris judge, after nine weeks of evidence gathered by Airbus, listed four negligent acts by Airbus. He also found one act of negligence on the part of Air France. However, the French criminal code did not allow him to prove a definitive connection between the two. The prosecution appealed and demanded a two-month new trial, which would include a fuller presentation of the evidence rather than just focusing on legal issues. The AF447 tragedy has been one of the most discussed in aviation, and it led to a variety of changes both technical and training. The prosecution has argued that Airbus failed to adequately train pilots and reacted too slow to the increasing number of speeding incidents. Both companies deny any criminal wrongdoing. However, the previous trial revealed bitter divisions among two of France's leading companies about the relative roles played by pilots and sensors in the country’s worst air accident. The maximum fine for corporate murder is only 225,000 euros, but prosecutors think a new trial can have a cathartic impact on families who were angry about the previous verdict and vowed to continue fighting for criminal liability. The chief executives of Airbus, a part of the Franco-Dutch Air France KLM, and Air France are expected to give statements at the opening hearing on Monday, starting at 11:30 am local time (1130 GMT). (Reporting and editing by Alistair Bell; Tim Hepher)
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Seychelles Presidential vote to be run-off, Electoral Commission says
After the first round of voting failed to produce a clear winner, the Seychelles Presidential election will be decided by a run-off between the opposition leader Patrick Herminie (left) and the incumbent president Wavel Ramkalawan (right), the electoral commission announced on Sunday. Ramkalawan was trying to stop the return of a party that had dominated Africa's richest country per capita for 40 years. The western Indian Ocean archipelago attracts investment and security co-operation with China, Gulf countries and India. The electoral commission reported that Herminie, leader of the United Seychelles party (US), secured 48.8%, followed by Ramkalawan of the Linyon Demokratik Seselwa LDS with 46.4%. In the first round, neither candidate reached the 50% threshold needed to win outright. The US party made a significant gain in the National Assembly as well, winning 15 seats by constituency and four additional seats by proportional representation. This gave it a clear majority. LDS won 11 seats in constituency and four seats proportionally, leaving its main rival behind the ruling party. The two leading candidates in the race for the presidency will now compete in a second, decisive round that is scheduled from 9-11 October. The winning candidate will receive a mandate of five years. The electoral commission reported that nearly 82% of voters registered participated in the first ballot, which took place from Thursday to Sunday. Reporting by Gabriel RobertGironcelle, Writing by Portia Crowe; Editing and Revision by Andrew Cawthorne
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Kuwait Airways restructures its capital to write-off nearly $1 billion in losses
The official gazette reported that a shareholder meeting at Kuwait Airways, a state-owned airline, approved reducing the capital to erase 300 million dinars of losses accumulated over time. Kuwait Airways has previously stated that it plans to break even by 2025, after years of losses. The airline hasn't disclosed its financial results from 2023 or 2024. Regional carriers were also affected by the COVID-19 epidemic, as their global counterparts. However, many Gulf airlines are now a key player in regional efforts to diversify economies, particularly in tourism. MEETING APPROVES CAPITAL REDUCTION Kuwait Airways' chairman stated in August that the airline is having difficulty achieving its goals, such as breaking even and increasing the number of passengers, due to the geopolitical tensions in the region and delayed aircraft deliveries. Kuwait's official Gazette reported that the extraordinary general meeting, which was held on September 2nd, had approved a decrease in the carrier's capital paid up by 294 millions dinars. It also said it had reduced its legal reserve of 6 million dinars. The assembly also approved an increase in the airline's capital issued by 300 million dinars. This will be "called up" according to a schedule set by Kuwait Investment Authority, which owns all of the shares. Gazette stated that the capital of the airline was 983.66 millions dinars after the changes. The company has not responded to the request for comment.
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Denmark bans drone flight after new drone sightings on military bases
Denmark banned civil drone flights on Sunday after drones were spotted at military facilities over night. This ban follows a week of drone sorties that caused temporary closures of Danish airports. In a press release, the Danish military stated that it had deployed “several capabilities” in response to overnight sightings of drones at bases. It declined further comment as to the nature and extent of its response. Denmark was forced to close airports due to drone sorties in the first part of this week, including Copenhagen Airport which was closed for nearly four hours on Monday. Denmark has described the drones as part of a hybrid attack. The country has not said definitively who they believe is responsible. However, Prime Minister Mette Fredericksen suggested that it could be Moscow. She called Russia the "primary" "country which poses a serious threat to European Security". The Kremlin has denied any blame. The ban will apply to civilian drones in the airspace of Denmark from Monday through Friday next week when Denmark will host European leaders. Denmark is currently holding the rotating EU presidency for the second half this year. In a Sunday statement, Defence Minister Troels Poulsen stated that "we are in a very difficult security situation and must provide the best working conditions possible for the armed services and police as they will be responsible for the security of the EU summit". Denmark will host EU Leaders on Wednesday. This will be followed by a Summit on Thursday for the 47-member European Political Community. The EPC was created to bring together the EU and other friendly European Countries after Russia's invasion of Ukraine in 2022. On Sunday, a German air defence frigate arrived at Copenhagen to help with airspace monitoring during the high-profile event. (Reporting and editing by Peter Graff. Stine Jacobsen)
Secret solar themes to track after torrid 2024 for investors: Maguire
Solar electrical power generation published its largest ever yearly increase internationally in 2024, yet numerous financiers in the solar sector are nursing heavy losses after share rates in major solar companies and exchangetraded funds collapsed.
The divergence in between generation and returns highlights the difficulty dealing with financiers who are seeking to benefit from exposure to the world's fastest-growing source of electrical energy.
Owning equity in companies participated in the production of solar elements or in the setup of panel systems at generation sites was considered a reliable methods of tapping continued development in renewable resource production and need.
But after the bankruptcy in August of the 40-year old U.S. company Sunpower - which both produced panels and set up solar systems - several significant solar equities racked up significant losses in 2024, requiring investors to reassess their exposure.
Moving forward, renewables remain at the heart of planned expansions in electrical power output worldwide, and planetary systems are still the fastest and most affordable method for utilities, companies and families to scale up tidy energy generation.
However solar panel makers and installers still deal with obstacles on numerous fronts - from affordable rivals, labour lacks and high parts and funding expenses - which suggests the solar sector may still deal with headwinds in 2025 and beyond.
Below are some crucial themes in the solar area that can help financiers comprehend the main developments that stand to form tidy energy financial investment return prospective moving forward.
LEADING LIGHTS
China stays the main chauffeur of solar electricity production worldwide, and over the very first 11 months of 2024 improved solar electricity output by a whopping 44% from the same months in 2023, according to energy think tank Coal.
The roughly 779 terawatt hours (TWh) of electrical power produced by China's solar farms from January through November was by far the greatest in any nation over that period, and helped China account for a record 41% share of global solar generation.
Europe was the second largest market for solar generation in 2024, producing around 338 TWh of solar electrical power for the year as an entire (a 17.6% share of global solar output), while the United States produced around 283 TWh (a 14.7% share).
Europe and the U.S. both produced record volumes of solar power last year, but both markets recorded declines in their international share of solar production as China's growth rate greatly outpaced all other nations.
DOWNSHIFT
Solar generation levels are anticipated to continue growing in 2025 and beyond, but at a slower speed.
In China, Beijing has presented quotas on new solar part production and on generation projects to control overcapacity, which should slow solar additions in your home.
Nevertheless, as China is by far the world's biggest manufacturer of solar parts and systems, further growth in Chinese solar item exports is most likely.
That might bring the nation into further conflict with trade partners, particularly in Europe which is the leading destination for Chinese solar exports however is where Chinese companies have currently been implicated of unjust trade practices.
Long-lasting weak economic development and high living costs are sowing extensive political acrimony throughout Europe, and are in turn stimulating more support for protectionist policies created to promote economic development in your home and protect local companies.
More economic weakness in early 2025 could likewise require cuts to federal government spending throughout Europe, which might in turn slow the development pace of renewable resource projects by government-run energies.
BUREAUCRACY REDUCTIONS?
While the pace of solar energy growth may slow in Europe and China, the development outlook in the United States is less clear.
Incoming President Donald Trump is a climate sceptic, has called some kinds of green energy production a rip-off, and is a. company supporter of improving domestic production of oil and. gas.
Nevertheless, his administration is also expected to speed up. approval procedures for raising total power output.
That indicates that while fossil fuel manufacturers may get the. thumbs-up to lift output, renewable energy suppliers may also. gain from shorter grid-connection times and broad assistance for. jobs that can quickly boost electrical energy output.
And as solar projects remain the quickest and most affordable method. to improve incremental electricity output across much of the U.S.,. solar developers might remain in high need even under a more. fossil fuel friendly administration.
That means that even with a possible slowdown in solar. growth in crucial markets such as China and Europe, solar will. stay an essential part of the generation mix in the United States,. and solar businesses will see continued need for their. services and products.
Stock pickers who can determine the solar firms probably. to win business from companies engaged in improving U.S. electrical power. materials need to in turn still have great development potential in. 2025, specifically from present historically low appraisals. The viewpoints expressed here are those of the author, a market. analyst .
(source: Reuters)