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(Bloomberg) Southeast Asia’s severe heat wave is pushing temperatures and power demand to new records, straining grids and prompting traders in the region to bulk up on natural gas cargoes.Most Read from BloombergTesla Soars on Tentative China Approval for Driving SystemHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterUS Warns ICC Action on Israel Would Hurt Cease-Fire ChancesYen Sparks Intervention Suspicion After U-Tu ....
Burma Junta Moves Aung San Suu Kyi to ‘Unknown Location’ From Bloomberg News Burma (also known as Myanmar)’s junta has moved the nation’s civilian leader Aung San Suu Kyi and ex-president Win Myint from their residences in the capital to an “unknown location,” according to allies who’ve expressed serious concerns for their safety. The two have been held by the country’s powerful military since it seized power in a coup on Feb. 1. “We’ve heard from reliable sources that President Win Myint and State Counselor Aung San Suu Kyi have been moved to another unknown location,” the shadow government formed by Suu Kyi’s National League for Democracy party and allies, also known as the National Unity Government, said in a statement Monday. ....
Feb 25, 2021, 7:51 AM Word Count: 518 About 100 containers a day are moving out of Yangon’s four main ports, said Myo Htut Aung, joint secretary of the Myanmar Container Trucking Association, down from an average of 800 boxes before the coup. About 90% of the city’s 4,000 container-truck drivers have halted work, he said. The situation may add to a global container shortage triggered by the pandemic as government lockdowns to curb infections limit travel and consumers buy more goods. Spot rates for transporting 40-foot boxes rose 50% on average in 2020, according to World Container Index data and Bloomberg Intelligence. “The truckers’ protest has severely affected operations at container terminals,” said Myo Htut Aung. “If drivers don’t pick up goods, all the containers have to be kept at the ports.” ....