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Why is Adani Rebuilding One of Asia's Largest Slums?

Why is Adani Rebuilding One of Asia's Largest Slums?

Bloomberg5 days ago
Billionaire Gautam Adani is building a multi-billion dollar real estate empire that includes a major redevelopment of Dharavi, one of Asia's largest slums. (Source: Bloomberg)
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Casio to Release MR-G with Iconic Form Finished in Traditional Japanese Tsuiki Artistry
Casio to Release MR-G with Iconic Form Finished in Traditional Japanese Tsuiki Artistry

Yahoo

time18 minutes ago

  • Yahoo

Casio to Release MR-G with Iconic Form Finished in Traditional Japanese Tsuiki Artistry

Limited Edition G-SHOCK of Only 500 Worldwide TOKYO, July 24, 2025 /PRNewswire/ -- Casio Computer Co., Ltd. announced today the release of a new MR-G timepiece, adding to the flagship line of the G-SHOCK brand of shock-resistant watches. The new MRG-B5000HT, featuring the iconic form of the G-SHOCK 5000 line and finished with the traditional Japanese tsuiki* hammering technique, is a timepiece of striking strength and stunning beauty. This very special timepiece is offered in a limited edition of only 500 pieces worldwide. * A forging technique in which a metal plate is hammered to create a three-dimensional shape The MRG-B5000HT inherits the iconic form of the first-ever G-SHOCK and takes on textural detail with bezel and bracelet individually hand-hammered by a tsuiki master craftsman, showcasing the profound beauty of the shock-resistant timepiece. The tsuiki-finished bezel and bracelet are made of DAT55G, a special titanium alloy developed in Japan that is three times harder than pure titanium. Individually hand-hammered by master tsuiki artisan Kazuya Watanabe, the incredibly detailed pattern, unique to each watch, is forged by the shape of the chisel tip and the force with which he wields his hammer. The case's oborogin color, the silver-gray with a unique luster of traditional sword fittings and ornaments, is achieved with diamond-like carbon (DLC) coating. The deep, shiny copper color of the screws and buttons add touches of glamor to the overall watch design. Combining design that highlights traditional Japanese aesthetics with outstanding toughness, this is a bold and powerful MR-G worthy of the G-SHOCK flagship line. Kazuya WatanabeBorn in 1978 in Sanjo City, Niigata Prefecture. After graduating from the Department of Arts and Crafts Design at Nagaoka Institute of Design in 2001, Watanabe joined Gyokusendo, a historic copperware factory. There, he studied traditional techniques of hammering copperware before establishing his own forge in 2005. Engaging in collaborations that span a range of genres, Watanabe explores modes and possibilities of contemporary craftsmanship. View original content to download multimedia: SOURCE CASIO COMPUTER CO., LTD 登入存取你的投資組合

Trump calls leaders of Thailand and Cambodia to push for a ceasefire
Trump calls leaders of Thailand and Cambodia to push for a ceasefire

Washington Post

timean hour ago

  • Washington Post

Trump calls leaders of Thailand and Cambodia to push for a ceasefire

President Donald Trump said Saturday that he had called the leaders of Cambodia and Thailand to urge them to reach a ceasefire, suggesting that if their deadly border conflict continues, he would hit both countries with heavy tariffs on Aug. 1. The three-day-long clash between the two countries has been escalating, with more than 30 dead, thousands displaced and troops massing on both sides of the border, prompting growing concern from global leaders. Each country blames the other for starting the conflict and says it is acting in self defense. Trump said on Truth Social that he had spoken with both Cambodian Prime Minister Hun Manet and Phumtham Wechayachai, Thailand's acting leader, to urge an end to the skirmish. The United States is engaged in trade talks with Thailand and Cambodia, he noted, but he could cease those negotiations. 'We happen to be, by coincidence, currently dealing on Trade with both Countries, but do not want to make any Deal, with either Country, if they are fighting — And I have told them so!' Trump posted. In a separate post, he said he had a 'good conversation' with the Thai leader. 'After speaking to both Parties, Ceasefire, Peace, and Prosperity seems to be a natural. We will soon see!' he wrote. He also suggested that his administration was adept at handling international conflicts. 'I am trying to simplify a complex situation! Many people are being killed in this War, but it very much reminds me of the Conflict between Pakistan and India, which was brought to a successful halt,' he added. Trump's mention of India and Pakistan referred to a U.S.-brokered ceasefire between those two countries that was reached in early May after several days of heavy fighting broke out. That ceasefire was reached after Secretary of State Marco Rubio engaged in intensive shuttle diplomacy between Indian and Pakistani leaders. The president's latest pronouncements were another reflection of the way he is wielding the threat of tariffs to push other nations to bend to his preferences on issues beyond trade. Imports from Thailand and Cambodia are slated to face among the Trump administration's heaviest levies, 36 percent, if the countries do not reach a trade deal with the U.S. by Aug. 1. Trump made his announcement Saturday while visiting Scotland to play golf at his course in Turnberry, a trip that has attracted both supporters and protesters. His public intervention in the Thailand-Cambodia conflict raises pressure on the two countries, but the outcome is far from clear. Cambodia called for an 'immediate ceasefire' on Friday. But Thai officials have tempered their response. Thailand 'agrees in principle to have a ceasefire in place,' Phumtham, the acting Thai prime minister, posted on Facebook on Saturday after Trump's announcement. 'However, Thailand would like to see sincere intention from the Cambodian side.' Thai Foreign Minister Maris Sangiampongsa also said Saturday that Cambodia must be the first to suspend hostilities since Thailand accuses Cambodia of initiating the conflict. Sangiampongsa earlier turned down the prospect of third-party mediation, saying that negotiations must be bilateral. In three days of fighting, the clashes have killed at least 33 people. Thirteen Cambodians and 20 Thais have died, according to the Associated Press, and most of those killed have been civilians. The conflict has caused wide disruption in the area, and more than 168,000 people living near the border have been displaced. Cambodian Information Minister Neth Pheaktra said Saturday that 37,635 Cambodians were forced to relocate. About 131,000 people on the Thai side have also fled their homes, and Thailand has declared martial law in eight border districts.

Ample Global Supplies Undercut Sugar Prices
Ample Global Supplies Undercut Sugar Prices

Yahoo

timean hour ago

  • Yahoo

Ample Global Supplies Undercut Sugar Prices

October NY world sugar #11 (SBV25) on Friday closed down -0.28 (-1.69%), and October London ICE white sugar #5 (SWV25) closed down -9.20 (-1.92%). Sugar prices retreated on Friday and have been under pressure this week due to speculation that India may boost its sugar exports. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Grain Market Update: Where are Soybean, Corn, and Wheat Prices Headed? Weather Risks in Brazil Boost Coffee Prices Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! On Wednesday, sugar prices fell to 3-week lows after Bloomberg reported that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India's Meteorological Department reported Monday that cumulative monsoon rain in India is 6% above normal as of July 21. The outlook for higher sugar production in Brazil is bearish for sugar prices. Datagro said Monday that dry weather in Brazil has encouraged the country's sugar mills to increase their cane crushing, diverting more of the cane crush toward more profitable sugar production rather than ethanol. According to Covrig, Brazil's sugar mills are expected to crush 54% of the available cane in the first half of this month, likely adding 3.2 MMT of sugar into the market. The outlook for higher sugar production in India, the world's second-largest producer, is bearish for prices. On June 2, India's National Federation of Cooperative Sugar Factories projected that India's 2025/26 sugar production would climb +19% y/y to 35 MMT, citing larger planted cane acreage. That would follow a -17.5% y/y decline in India's sugar production in 2024/25 to a 5-year low of 26.2 MMT, according to the Indian Sugar Mills Association (ISMA). Also, the ISMA reported on July 7 that India's sugar production during Oct 1-May 15 fell -17% y/y to 25.74 MMT. Sugar prices have retreated over the past three months, with NY sugar falling to a 4.25-year low earlier this month and London sugar sliding to a nearly 4-year low, driven by expectations of a sugar surplus in the 2025/26 season. On June 30, commodities trader Czarnikow projected a 7.5 MMT global sugar surplus for the 2025/26 season, the largest surplus in 8 years. On May 22, the USDA, in its biannual report, projected that global 2025/26 sugar production would increase by +4.7% y/y to a record 189.318 MMT, with global sugar ending stocks at 41.188 MMT, up 7.5% y/y. Signs that the recent slide in sugar prices to 4-year lows has sparked a pickup in demand are positive for sugar prices. China's June sugar imports soared by 1,435% to 420,000 MT. Also, President Trump last Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence. Sugar prices also have support from reduced sugar production in Brazil. Unica reported last Monday that the cumulative 2025/26 Brazil Center-South sugar output through June fell by -14.3% y/y to 12.249 MMT. Last month, Conab, Brazil's government crop forecasting agency, said 2024/25 Brazil sugar production fell by -3.4% y/y to 44.118 MMT, citing lower sugarcane yields due to drought and excessive heat. The outlook for higher sugar production in Thailand is bearish for sugar prices. On May 2, Thailand's Office of the Cane and Sugar Board reported that Thailand's 2024/25 sugar production rose +14% y/y to 10.00 MMT. Thailand is the world's third-largest sugar producer and the second-largest exporter of sugar. The International Sugar Organization (ISO) raised its 2024/25 global sugar deficit forecast to a 9-year high of -5.47 MMT on May 15, up from a February forecast of -4.88 MMT. This indicates a tightening market following the 2023/24 global sugar surplus of 1.31 MMT. ISO also cut its 2024/25 global sugar production forecast to 174.8 MMT from a February forecast of 175.5 MMT. The USDA, in its bi-annual report released May 22, projected that global 2025/26 sugar production would climb +4.7% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT. The USDA also forecasted that 2025/26 global sugar ending stocks would climb +7.5% y/y to 41.188 MMT. The USDA's Foreign Agricultural Service (FAS) predicted that Brazil's 2025/26 sugar production would rise +2.3% y/y to a record 44.7 MMT FAS predicted that India's 2025/26 sugar production would rise +25% y/y to 35.3 MMT due to favorable monsoon rains and increased sugar acreage. FAS predicted that Thailand's 2025/26 sugar production will climb +2% y/y to 10.3 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

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