Study: Millions of Small Asian Farmers Miss Out on Seeds Resilient to Climate Change

Millions of smallholder farmers in South and Southeast Asia are missing out on new, resilient seeds that could improve their yields in the face of climate change, according to an index published Monday.

The 24 top seed companies fail to reach four-fifths of the region’s 170 million smallholder farmers for reasons such as poor infrastructure, high prices and lack of training, the Access to Seeds Index found.

Access to seeds bred to better withstand changing weather conditions such as higher temperatures is vital as farmers battle loss of productivity due to climate change, said Ido Verhagen, head of the Access to Seeds Foundation, which published the index.

“We see increasing demands for new varieties, because [farmers] are affected by climate change,” Verhagen told Reuters.

“If we want to feed a growing population, if we want to tackle climate change, if we want to go towards a more sustainable food system, we have to start with seeds,” he said.

Smallholder farmers managing between one to 10 hectares of land provide up to 80 percent of the food supply in Asia, said the United Nations’ Food and Agriculture Organization (FAO).

But traditional methods of preserving seeds from harvests are not always sufficient to cope with a changing climate.

About 340 million people were hungry in 2017 in South and Southeast Asia, a number that has barely changed since 2015, according to latest figures from the United Nations.

“The question is how to get markets to provide the varieties [of seeds] that farmers want, at prices that they’re able to pay,” said Shawn McGuire, agricultural officer at the FAO.

Some smaller companies are leading the way in helping smallholders access more resilient seeds, Verhagen said, such as Thailand-based East-West Seed which topped the index ahead of global giants Bayer and Syngenta, which ranked second and third.

East-West Seed has built a successful business focusing purely on smallholders, he said, while Indian companies Acsen HyVeg and Namdhari, ranked sixth and seventh respectively, have also reached small-scale farmers with seeds.

The index, funded by the Dutch government and the Bill and Melinda Gates Foundation, ranks companies based on seven areas including strategies to help small farmers and supporting conservation.

Tech Giants Slide, Pulling US Stock Market Sharply Lower

A broad sell-off in technology companies pulled U.S. stocks sharply lower Monday, knocking more than 600 points off the Dow Jones Industrial Average.

 

The wave of selling snared big names, including Apple, Amazon and Goldman Sachs. Banks, consumer-focused companies, and media and communications stocks all took heavy losses. Crude oil prices fell, erasing early gains and extending a losing streak to 11 days.

 

The tech stock tumble came followed an analyst report that suggested Apple significantly cut back orders from one of its suppliers. That, in turn, weighed on chipmakers.

 

“With the news out of the Apple supplier this morning, you have the market overall questioning the growth trajectory as we look out to 2019,” said Lindsey Bell, investment strategist at CFRA. “We continue to like tech going into next year, but we think it could be a little bit of a rocky period for the group as we continue through the last two months of the year.”

 

The market’s slide came after a two-week winning streak.

 

The S&P 500 index dropped 54.79 points, or 2 percent, to 2,726.22. The Dow fell 602.12 points, or 2.3 percent, to 25,387.18. It was down briefly by 648 points.

 

The Nasdaq composite slid 206.03 points, or 2.8 percent, to 7,200.87. The Russell 2000 index of smaller companies gave up 30.70 points, or 2 percent, to 1,518.79.

Bond trading was closed for Veterans Day. Stocks in Europe also suffered losses.

 

Apple tumbled 5 percent to $194.17 after Wells Fargo analysts said the iPhone maker is the unnamed customer that optical communications company Lumentum Holdings said was significantly reducing orders. Shares in Lumentum plunged 33 percent to $37.50.

 

Several chipmakers also fell. Advanced Micro Devices gave up 9.5 percent to $19.03, while Nvidia lost 7.8 percent to $189.54. Micron Technology gave up 4.3 percent to $37.44.

 

Amazon slid 4.4 percent to $1,636.85.

 

Banks and other financial companies also took heavy losses Tuesday. Goldman Sachs slid 7.5 percent to $206.05.

“Expectations are really that the deregulation process that has benefited banks up to this point is going to be slowed down with the Democrats in charge,” Bell said.

 

Stocks appeared to have regained their footing after a skid in October snapped a six-month string of gains for the S&P 500. Stocks rallied last week after the U.S. midterm elections turned out largely as investors expected, with a divided Congress promising legislative gridlock in Washington the next couple of years.

 

While the market has typically thrived in periods of divided government, investors continue to grapple with uncertainty over the U.S.-China trade dispute and the potential impact of increased oversight of Corporate America by Democrats, who will be taking over leadership in the House of Representatives in January.

 

In addition, some companies have recently reported third-quarter earnings and outlooks that have stoked investors’ worries about the future growth of corporate profits.

 

While companies got a boost this year from the lower tax rates put in place by President Donald Trump and the GOP last December, several companies have recently warned about the impact of higher costs related to tariffs and rising interest rates.

 

“The bull market is not over, the economic expansion is not over, but things are starting to wind down,” said Randy Frederick, vice president of trading & derivatives at Charles Schwab. “We’re clearly getting into the late innings of the ball game.”

 

British American Tobacco, which makes Newport cigarettes, plunged 8.8 percent to $38.08 on reports that regulators were considering a ban on menthol cigarettes.

 

PG&E tumbled 17.4 percent to $32.98 after the electric utility told regulators that a high-voltage line experienced a problem near the origin of one of the major California wildfires before the blaze started.

 

Investors bid up shares in Athenahealth after the struggling medical billing software maker said it received a $5.7 billion cash buyout offer. The stock jumped 9.7 percent to $131.97.

 

About 90 percent of S&P 500 companies have reported third-quarter results so far, with some 51 percent of those posting earnings and revenue that topped Wall Street’s forecasts, according to S&P Global Market Intelligence. Several big retailers are due to deliver results this week, including Walmart, Home Depot, Williams-Sonoma, Nordstrom and J.C. Penney.

 

“That could actually probably boost the market,” Bell said.”Retailers are going to have a better third quarter than most people expect. A lot of them ordered goods ahead of the tariffs going into place, so they’re not going to have to pass on higher prices on to the consumer this holiday season.”

 

Benchmark U.S. crude gave up an early gain, sliding 0.4 percent to settle at $59.93 per barrel in New York. Brent crude, used to price international oils, dipped 0.1 percent to close at $70.12 per barrel in London. Oil futures rose earlier on news that Saudi Arabia and other major producers planned to reduce output.

 

The dollar strengthened to 113.86 yen from 113.80 yen on Friday. The euro fell to $1.1240 from $1.1336. The British pound weakened to $1.2853 from $1.2975 amid concerns that Britain’s government is struggling to find unity on a Brexit deal.

 

Gold fell 0.4 percent to $1,203.50 an ounce. Silver lost 0.9 percent to $14.01 an ounce. Copper slid 0.3 percent to $2.68 a pound.

 

In other energy trading, heating oil fell 0.8 percent to $2.16 a gallon and wholesale gasoline gained 0.9 percent to $1.64 a gallon. Natural gas rose 1.9 percent to $3.79 per 1,000 cubic feet.

 

Major stock indexes in Europe also ended lower Monday. Germany’s DAX lost 1.8 percent and France’s CAC 40 fell 0.9 percent. Britain’s FTSE 100 shed 0.7 percent.

 

In Asia, markets finished mixed. Japan’s Nikkei 225 added 0.1 percent, while Hong Kong’s Hang Seng rose 0.1 percent. Australia’s S&P-ASX 200 gained 0.3 percent. The Kospi in South Korea dipped 0.3 percent.

Bolsonaro: Brazil Pension Reform Legislation Unlikely in 2018

Brazil’s Congress is unlikely to pass pension reform legislation this year, far-right President-elect Jair Bolsonaro said on Monday, a blow to investor hopes that caused the country’s currency to weaken in futures markets.

Investors snapped up Brazilian assets in the wake of Bolsonaro’s election victory last month, cheered by his party’s stronger-than-expected showing in congressional races, which raised hopes he could make quick advances on fiscal reforms.

Many economists say cuts to Brazil’s social security system are essential to controlling a huge federal deficit and regaining Brazil’s investment-grade rating.

Last week, Bolsonaro said he would like to see some form of pension reform passed this year to make it easier to deal with the deficit after he takes office on Jan. 1.

On Monday, however, he told reporters in Rio de Janeiro that after speaking with his chief economic advisor Paulo Guedes, passing a 2018 pension reform bill looked increasingly unlikely.

He added that the reform would not just be based on crunching the numbers, but would also have to take into account the social impact of the overhaul.

Brazil’s currency, the real, weakened against the U.S. dollar in futures markets after his comments.

Bolsonaro also said that no decision had yet been taken on the next head of state-controlled oil company Petroleo Brasileiro SA, with more names for the chief executive position set to come out on Tuesday.

Separately, Guedes said on Monday that World Bank chief financial officer and former Brazilian finance minister Joaquim Levy had accepted Bolsonaro’s offer to lead state development bank BNDES.

Scientists: Wind, Drought Worsen Fires, Not Bad Management

Both nature and humans share blame for California’s devastating wildfires, but forest management did not play a major role, despite President Donald Trump’s claims, fire scientists say.

Nature provides the dangerous winds that have whipped the fires, and human-caused climate change over the long haul is killing and drying the shrubs and trees that provide the fuel, experts say.

“Natural factors and human-caused global warming effects fatally collude” in these fires, said wildfire expert Kristen Thornicke of the Potsdam Institute for Climate Impact Research in Germany.

Multiple reasons explain the fires’ severity, but “forest management wasn’t one of them,” University of Utah fire scientist Philip Dennison said.

Trump tweeted on Saturday: “There is no reason for these massive, deadly and costly forest fires in California except that forest management is so poor. Billions of dollars are given each year, with so many lives lost, all because of gross mismanagement of the forests.”

The death toll from the wildfire that incinerated the town of Northern California town of Paradise and surrounding areas climbed to 29, matching the mark for the deadliest single blaze in California history. Statewide, the number of fire dead stood at 31, including two victims in Southern California.

One reason that scientists know that management isn’t to blame is that some areas now burning had fires in 2005 and 2008, so they aren’t “fuel-choked closed-canopy forests,” Dennison said.

In those earlier fires, Paradise was threatened but escaped major damage, he said. In the current blazes, it was virtually destroyed.

The other major fire, in Southern California, burned through shrub land, not forest, Dennison said.

“It’s not about forest management. These aren’t forests,” he said.

The dean of the University of Michigan’s environmental school, Jonathan Overpeck, said Western fires are getting bigger and more severe. He said it “is much less due to bad management and is instead the result of our baking of our forests, woodlands and grasslands with ever-worsening climate change.”

Wildfires have become more devastating because of the extreme weather swings from global warming, fire scientists said. The average number of U.S. acres burned by wildfires has doubled over the level from 30 years ago.

As of Monday, more than 13,200 square miles (34,200 square kilometers) have burned. That’s more than a third higher than the 10-year average.

From 1983 to 1999, the United States didn’t reach 10,000 square miles burned annually. Since then, 11 of 19 years have had more than 10,000 square miles burned, including this year. In 2006, 2015 and 2017, more than 15,000 square miles burned.

The two fires now burning “aren’t that far out of line with the fires we’ve seen in these areas in recent decades,” Dennison said.

“The biggest factor was wind,” Dennison said in an email. “With wind speeds as high as they were, there was nothing firefighters could do to stop the advance of the fires.”

These winds, called Santa Ana winds, and the unique geography of high mountains and deep valleys act like chimneys, fortifying the fires, Thornicke said.

The wind is so strong that fire breaks – areas where trees and brush have been cleared or intentionally burned to deprive the advancing flames of fuel – won’t work. One of the fires jumped over eight lanes of freeway, about 140 feet (43 meters), Dennison said.

Southern California had fires similar to the Woolsey fire in 1982, when winds were 60 mph, but “the difference between 1982 and today is a much higher population in these areas. Many more people were threatened and had to evacuated,” Dennison said.

California also has been in drought for all but a few years of the 21st century and is now experiencing its longest drought, which began on Dec. 27, 2011, and has lasted 358 weeks, according to the U.S. Drought Monitor. Nearly two-thirds of the state is abnormally dry.

The first nine months of the year have been fourth-warmest on record for California, and this past summer was the second-hottest on record in the state.

Because of that, there are 129 million dead trees, which provide fuel for fires, Thornicke said.

And it’s more than trees. Dead shrubs around the bottom of trees provide what is called “ladder fuel,” offering a path for fire to climb from the ground to the treetops and intensifying the conflagration by a factor of 10 to 100, said Kevin Ryan, a fire consultant and former fire scientist at the U.S. Forest Service.

While many conservatives advocate cutting down more trees to prevent fires, no one makes money by cutting dead shrubs, and that’s a problem, he said.

Local and state officials have cleared some Southern California shrub, enough for normal weather and winds. But that’s not enough for this type of extreme drought, said Ryan, also a former firefighter.

University of Alberta fire scientist Mike Flanigan earlier this year told The Associated Press that the hotter and drier the weather, the easier it is for fires to start, spread and burn more intensely.

It’s simple, he said: “The warmer it is, the more fire we see.”

For every 1.8 degrees Fahrenheit that the air warms, it needs 15 percent more rain to make up for the drying of the fuel, Flannigan said.

Federal fire and weather data show the years with the most acres burned were generally a degree warmer than average.

“Everyone who has gardened knows that you must water more on hotter days,” Overpeck said. “But, thanks in part to climate change, California isn’t getting enough snow and rain to compensate for the unrelenting warming caused by climate change. The result is a worsening wildfire problem.

Abu Dhabi Summit: Oil Production Cuts May Be Necessary

OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday.

The comments from the minister, Khalid al-Falih, show the balancing act the U.S. allies face in dealing with President Donald Trump’s actions related to the oil industry.

Trump in recent weeks demanded the oil cartel increase production to drive down U.S. gasoline prices. “Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!” he tweeted Monday.

The U.S. has meanwhile allowed some of its allies — Greece, India, Italy, Japan, South Korea, Taiwan and Turkey — as well as rival China to continue to purchase Iranian oil despite reimposed sanctions, as long as they work to reduce their imports to zero.

Al-Falih, who on Sunday said the kingdom would cut production by over 500,000 barrels per day in December, said Monday that Saudi Arabia had been giving customers “100 percent of what they asked for.” That appeared to be a veiled reference to Trump.

Before the United States reimposed sanctions on Iran, “fear and anxiety gripped the market,” al-Falih said at the Abu Dhabi International Petroleum Exhibition & Conference. Now “we’re seeing the pendulum swing violently to the other side,” he added.

The energy minister of the United Arab Emirates, Suhail al-Mazrouei, currently the president of OPEC, said “changes” likely would be necessary as the oil cartel meets in December in Vienna. However, he added: “We need not to overreact when these things happen.”

Al-Falih said OPEC officials have seen analysis papers suggesting a production cut of upward of 1 million barrels of crude a day may be necessary to rebalance the market. However, he stressed that more study needed to be done.

“There are a lot of assumptions in their projections that may change,” al-Falih said. “We don’t want to throttle the global economy.”

A gallon of regular gasoline in the U.S. on average now sells for $2.69, down from $2.90 a month ago, according to AAA. Those lower prices likely quieted Trump, but production cuts could again boost prices at the pump.

Trump and volatility

Neither al-Falih nor al-Mazrouei directly criticized Trump, but Mohammed Hamad al-Rumhy, Oman’s oil and gas minister, blamed the U.S. president for some of the volatility striking the oil market. Oman, a sultanate on the eastern edge of the Arabian Peninsula, maintains close diplomatic ties to Iran and often serves as an interlocutor between Western powers and Tehran.

“Supply and demand is perhaps the easy part because you can measure it,” al-Rumhy said. It’s “extremely difficult to quantify what is happening in [the] White House — almost impossible.”

Iran, which has tense relations with Abu Dhabi, the capital of the UAE, did not have a high-level official at the summit.

Crude oil dropped to a low of $30 a barrel in January 2016. That forced OPEC to partner with non-OPEC countries, including Russia, to cut production to help prices rebound.

Benchmark Brent crude, which had been trading above $80 a barrel recently, now hovers just over $70 after the U.S. sanction waivers on Iran.

Fracking

Meanwhile, Sultan Ahmed al-Jaber, the head of the state-run Abu Dhabi National Oil Co., said the UAE planned to increase oil production to 4 million barrels a day by 2020 and 5 million barrels a day by 2030. The UAE now produces some 3 million barrels of oil a day.

Al-Jaber also said the UAE would begin fracking — injecting high-pressure mixtures of water, sand or gravel and chemicals — to gain access to otherwise unreachable natural gas reserves.

“Make no mistake: Hydrocarbons will continue to play an absolutely essential part of a diversified energy mix,” al-Jaber said.

But the highs and lows of the market need to end for both oil consumers and producers to profit, said al-Rumhy, the Omani official.

“If it was my heart beat going that way, I think I would be in the hospital right now,” he said.

More Women in Poor Countries Use Contraception, Says Report

More women and girls in poor countries are using modern contraception, signifying progress in efforts to involve women in family planning, according to a report released Monday.

The number of women and girls using contraceptives in 69 of the world’s poorest countries surpassed 317 million in 2018, representing 46 million more users than in 2012, said the report by Family Planning 2020, a U.N.-backed global advocacy group working to promote rights-based family planning.

Access to modern contraception helped prevent over 119 million unintended pregnancies and averted 20 million unsafe abortions between July 2017 and July 2018, although populations continue to soar across Africa and other low-income countries, the report said.

“The best way to overcome this challenge of rapid population growth is by giving women and girls [the] opportunity to decide how many children they want to have,” Beth Schlachter, executive director of Family Planning 2020, told The Associated Press.

The mix of contraceptive methods has improved significantly in 20 of the surveyed countries, “meaning that more women are able to find the short-term, long-acting, emergency, or permanent method that suits their needs and preferences,” the report said.

But even as millions of poor women use contraceptives, millions more who want to delay or prevent pregnancy are still unable to access it, often due to lack of information, the report said, citing perceived health side-effects and social disapproval as deterrents.

Under Family Planning 2020, which grew out of a summit on family planning held in London in 2012, donors have pledged millions of dollars to bring contraception to 120 million more women and girls in developing countries by the year 2020.

Many of the 69 countries surveyed for the report are in sub-Saharan Africa, which is witnessing a population boom even as other parts of the world see dropping birth rates. Over half of the global population growth between now and 2050 will take place in Africa, according to U.N. figures.

According to the new report, contraceptive use is growing fastest in Africa, even though the region’s fertility rates remain high.

The most recent U.N. global population report estimates Africa’s fertility rate to be 5.1 births per woman.

Because the region’s growing population is not backed by substantial rises in family incomes and the development of public infrastructure, there are concerns that a population boom may deepen poverty levels for many Africans. 

Over the years, family planning has often been difficult to sell in heavily paternalistic sub-Saharan Africa, with the matter becoming controversial as some African leaders challenge the view that a growing population is bad for the world’s poorest continent.

Ugandan President Yoweri Museveni insists Africa needs more people, and has lambasted what he calls “the shrill cries of NGOs about population control.”

In February, President John Magufuli of Tanzania encouraged polygamy, citing the 10 million more women than men in his country in advising men to marry “two or more wives” to reduce the number of single women.

Scientists to Swap Dusty Old Kilogram for Something More Stable

After years of nursing a sometimes dusty cylinder of metal in a vault outside Paris as the global reference for modern mass, scientists are updating the definition of the kilogram.

Just as the redefinition of the second in 1967 helped to ease communication across the world via technologies like GPS and the internet, experts say the change in the kilogram will be better for technology, retail and health — though it probably won’t change the price of fish much.

The kilogram has been defined since 1889 by a shiny piece of platinum-iridium held in Paris. All modern mass measurements are traceable back to it — from micrograms of pharmaceutical medicines to kilos of apples and pears and tons of steel or cement.

The problem is, the “international prototype kilogram” doesn’t always weigh the same. Even inside its three glass bell jars, it gets dusty and dirty, and is affected by the atmosphere. Sometimes, it really needs a wash.

“We live in a modern world. There are pollutants in the atmosphere that can stick to the mass,” said Ian Robinson, a specialist in the engineering, materials and electrical science department at Britain’s National Physical Laboratory.

“So when you just get it out of the vault, it’s slightly dirty. But the whole process of cleaning or handling or using the mass can change its mass. So it’s not the best way, perhaps, of defining mass.”

What’s needed is something more constant.

So, at the end of a week-long meeting in the Palace of Versailles, Paris, the world’s leading measurement aficionados at the International Bureau of Weights and Measures will vote Friday to make an “electronic kilogram” the new baseline measure of mass.

Just as the meter — once the length of a bar of platinum-iridium, also kept in Paris — is now defined by the constant speed of light in a vacuum, so a kilogram will be defined by a tiny but immutable fundamental value called the “Planck constant.”

The new definition involves an apparatus called the Kibble balance, which makes use of the constant to measure the mass of an object using a precisely measured electromagnetic force.

“In the present system, you have to relate small masses to large masses by subdivision. That’s very difficult — and the uncertainties build up very, very quickly,” Robinson said.

“One of the things this [new] technique allows us to do is to actually measure mass directly at whatever scale we like, and that’s a big step forward.”

He said it had taken years of work to fine-tune the new definition to ensure the switchover will be smooth.

But while the extra accuracy will be a boon to scientists, Robinson said that, for the average consumer buying flour or bananas, “there will be absolutely no change whatsoever.”

France to ‘Embed’ Regulators at Facebook to Combat Hate Speech

Facebook will allow French regulators to “embed” inside the company to examine how it combats online hate speech, the first time the wary tech giant has opened its doors in such a way, President Emmanuel Macron said Monday.

From January, Macron’s administration will send a small team of senior civil servants to the company for six months to verify Facebook’s goodwill and determine whether its checks on racist, sexist or hate-fueled speech could be improved.

“It’s a first,” Macron told the annual Internet Governance Forum in Paris. “I’m delighted by this very innovative experimental approach,” he said. “It’s an experiment, but a very important first step in my view.”

The trial project is an example of what Macron has called “smart regulation,” something he wants to extend to other tech leaders such as Google, Apple and Amazon.

The move follows a meeting with Facebook’s founder Mark Zuckerberg in May, when Macron invited the CEOs of some of the biggest tech firms to Paris, telling them they should work for the common good.

The officials may be seconded from the telecoms regulator and the interior and justice ministries, a government source said. Facebook said the selection was up to the French presidency.

It is unclear whether the group will have access to highly-sensitive material such as Facebook’s algorithms or codes to remove hate speech. It could travel to Facebook’s European headquarters in Dublin and global base in Menlo Park, California, if necessary, the company said.

“The best way to ensure that any regulation is smart and works for people is by governments, regulators and businesses working together to learn from each other and explore ideas,” Nick Clegg, the former British deputy prime minister who is now head of Facebook’s global affairs, said in a statement.

France’s approach to hate speech has contrasted sharply with Germany, Europe’s leading advocate of privacy.

Since January, Berlin has required sites to remove banned content within 24 hours or face fines of up to 50 million euros ($56 million). That has led to accusations of censorship.

France’s use of embedded regulators is modeled on what happens in its banking and nuclear industries.

“[Tech companies] now have the choice between something that is smart but intrusive and regulation that is wicked and plain stupid,” a French official said.

New US Exercise Guidelines: Move More, Sit Less, Start Younger

Move more, sit less and get kids active as young as age 3, say new U.S. federal guidelines that stress that any amount and any type of exercise helps health.

The advice is the first update since the government’s physical activity guidelines came out a decade ago. Since then, the list of benefits of exercise has grown, and there’s more evidence to back things that were of unknown value before, such as short, high-intense workouts and taking the stairs instead of an elevator.

“Doing something is better than doing nothing, and doing more is better than doing something,” said Dr. Donald Lloyd-Jones, a preventive medicine expert at Northwestern University in Chicago.

Only 20 percent of Americans get enough exercise now, and the childhood obesity problem has prompted the push to aim younger to prevent poor health later in life.

Highlights of the advice released Monday at an American Heart Association conference in Chicago and published in the Journal of the American Medical Association:

Children and teens

The biggest change: Start young. Guidelines used to begin at age 6, but the new ones say preschoolers ages 3 through 5 should be encouraged to take part in active play throughout the day. They don’t call for a certain amount but say a reasonable target may be three hours of various intensities. That’s consistent with guidelines in many other countries and is the average amount of activity observed in kids this age.

From ages 6 through 17, at least an hour of moderate-to-vigorous activity throughout the day is recommended. Most of it should be aerobic, the kind that gets the heart rate up such as brisk walking, biking or running. At least three times a week, exercise should be vigorous and include muscle- and bone-strengthening activities like climbing on playground equipment or playing sports.

Adults

Duration stays the same — at least 2 to 5 hours of moderate-intensity or 1 to 2 hours of vigorous activity a week, plus at least two days that include muscle-strengthening exercise like pushups or lifting weights.

One key change: It used to be thought that aerobic activity had to be done for at least 10 minutes. Now even short times are known to help. Even a single episode of activity gives short-term benefits such as lowering blood pressure, reducing anxiety and improving sleep.

Sitting a lot is especially harmful.

The advice is similar for older adults, but activities should include things that promote balance to help avoid falls.

Brought to you by the letter E

Targeting young children is the goal of a project that Dr. Valentin Fuster, a cardiologist at New York’s Mount Sinai Hospital, has worked on for years with the Heart Association and Sesame Workshop, producers of television’s “Sesame Street.”

At the heart conference, he gave results of an intensive four-month program to improve knowledge and attitudes about exercise and health among 562 kids ages 3 to 5 in Head Start preschools in Harlem.

“It was really successful,” Fuster said. “Once they understand how the body works, they begin to understand physical activity” and its importance.

When brains are young, “it’s the best opportunity” to set health habits that last, he said.

 

 

Macron, Tech Giants Launch ‘Paris Call’ to Fix Internet Ills

France and U.S. technology giants including Microsoft on Monday urged world governments and companies to sign up to a new initiative to regulate the internet and fight threats such as cyberattacks, online censorship and hate speech.

With the launch of a declaration entitled the ‘Paris call for trust and security in cyberspace’, French President Emmanuel Macron is hoping to revive efforts to regulate cyberspace after the last round of United Nations negotiations failed in 2017.

In the document, which is supported by many European countries but, crucially, not China or Russia, the signatories urge governments to beef up protections against cyber meddling in elections and prevent the theft of trade secrets.

The Paris call was initially pushed for by tech companies but was redrafted by French officials to include work done by U.N. experts in recent years.

“The internet is a space currently managed by a technical community of private players. But it’s not governed. So now that half of humanity is online, we need to find new ways to organize the internet,” an official from Macron’s office said.

“Otherwise, the internet as we know it today – free, open and secure– will be damaged by the new threats.”

By launching the initiative a day after a weekend of commemorations marking the 100th anniversary of World War I, Macron hopes to promote his push for stronger global cooperation in the face of rising nationalism.

In another sign of the Trump administration’s reluctance to join international initiatives it sees as a bid to encroach on U.S. sovereignty, French officials said Washington might not become a signatory, though talks are continuing.

However, they said large U.S. tech companies including Facebook and Alphabet’s Google would sign up.

“The American ecosystem is very involved. It doesn’t mean that in the end the U.S. federal government won’t join us, talks are continuing, but the U.S. will be involved under other forms,” another French official said.

 

Japan’s Abe Calls for Public Works Spending to Help Economy 

Japan’s Prime Minister Shinzo Abe called Monday for a new public works spending program to stimulate the economy amid growing concerns about global risks. 

The spending, which is expected in the first half of next fiscal year starting in April, will focus on strengthening infrastructure to withstand earthquakes and frequent flooding, according to a presentation made at the Council on Economic and Fiscal Policy (CEFP). 

Some of Japan’s top government advisers also called for stimulus to offset a decline in consumption expected after an increase in the nationwide sales tax in October next year. 

The rush to approve public works spending and other measures to support consumption highlights growing concern among policymakers about the economy. 

“The prime minister asked me to take firm measures to ensure that our economic recovery continues,” Economy Minister Toshimitsu Motegi said at the end of the CEFP meeting. “He also said the public works spending program expected at the end of this year should be compiled with this point in mind.” 

Japan’s economy is forecast to contract in July-September, and a recent slump in machinery orders suggests any rebound in the following quarters is likely to be weak if exports and business investment lose momentum. 

Government ministers will compile a preliminary public works plan by the end of this month and then submit a final version of the plan by year’s end, according to documents used at the CEFP meeting. 

Urgent matter

Members of the CEFP did not say how large the spending program should be or how the government should fund the package. At the meeting, Abe said compiling the package has become an urgent matter, according to a government official. 

Japan’s government is considering a 10 trillion-yen ($87.77 billion) stimulus package to offset the impact of a sales tax hike next year, sources told Reuters last week, as concerns about consumer spending and the global economy grow. 

Increasing spending on public works started to gain support after a strong earthquake in September caused a blackout in the northern island of Hokkaido and a series of typhoons damaged transport infrastructure in western Japan. 

The advisers on the CEFP are academics and business leaders who are considered close to Abe, so their recommendations often influence policy decisions. 

The CEFP met earlier Monday to debate consumer prices and fiscal policy, which is where the advisers made their recommendations. 

The advisers did not lay out the specific steps the government should take to stimulate consumption, but government officials have previously said they are considering shopping vouchers for low-income earners and more spending on public works. 

The nationwide sales tax is scheduled to rise to 10 percent in October 2019 from 8 percent currently. The government already plans to exempt food and some daily goods from the tax hike to soften the blow, but there is still a lot of concern that the tax hike will wreck consumer spending and sentiment. The economy was tipped into a recession the last time the tax was raised in 2014. 

Advisers at the CEFP meeting also threw their support behind the government’s plan to encourage mobile phone carriers to lower smartphone fees, saying they hoped the move would increase households’ disposable incomes. 

Potions of Yore Preserved in Small US Museum

Dragon’s blood, mandrake root and devil’s snare were used for potions and spells in the Harry Potter series. But in real life, the creepy-named plants were used for medicinal purposes and could be purchased at an apothecary, also known as a pharmacy. Today, one of the best preserved apothecaries in the United States has been turned into a small museum in historic Alexandria, Virginia. Deborah Block reports.

Oman Oil Minister: Majority of OPEC and its Allies Support Cut

A majority of OPEC and allied oil exporters support a cut in the global supply of crude, Oman Oil Minister Mohammed bin Hamad al-Rumhi said on Sunday.

“Many of us share this view,” the minister said when asked about the need for a cut. Asked if it could amount to 500,000 or one million barrels per day, he replied: “I think it is unfair for me to throw numbers now.”

He was speaking in Abu Dhabi where an oil market monitoring committee was held on Sunday, attended by top exporters Saudi Arabia and Russia.

“We need a consensus,” he said, indicating that non-OPEC Russia would need to approve any decision. Oman is also not a member of the Organization of the Petroleum Exporting Countries.

Saudi Arabia is discussing a proposal to cut oil output by up to 1 million barrels per day by OPEC and its allies, two sources close to the discussions told Reuters on Sunday.

Deadly Ebola Outbreak Erupts in DRC

An outbreak of Ebola in the eastern region of the Democratic Republic of Congo has killed more than 200 people. Almost 300 Ebola cases have been confirmed since the outbreak began in August, authorities say.

The health ministry said half of the cases were in Beni, a city of 800,000 people, in the North Kivu province.

The outbreak is in a conflict zone where dozens of armed groups operate. Aid agencies have been forced to suspend or slow down their work on several occasions since the outbreak.

Health Minister Oly Ilunga said his response teams “have faced threats, physical assaults, repeated destruction of their equipment and kidnapping.”

“Two of our colleagues in the Rapid Response Medical Unit have even lost their lives in an attack,” Ilunga said.

Ebola was detected in the DRC in 1976. The current outbreak is the tenth since it was first discovered.

The World Health Organization has warned the virus could spread to nearby countries, including Uganda, Rwanda and Burundi.

Medical workers have lots of experience dealing with Ebola outbreaks in the DRC. Fortunately, they have new tools to fight the deadly virus. A new vaccine has shown it can protect people who’ve come into contact with Ebola victims, and more people have learned techniques to keep the virus from spreading.

However, old problems persist with every outbreak. Some people still refuse to believe Ebola exists and have hidden infected family members. Traditional burial practices also put people at risk.

Big Studies Give Mixed News on Fish Oil, Vitamin D

Taking fish oil or vitamin D? Big studies give long-awaited answers on who does and does not benefit from these popular nutrients.

Fish oil taken by healthy people, at a dose found in many supplements, showed no clear ability to lower heart or cancer risks. Same for vitamin D.

But higher amounts of a purified, prescription fish oil slashed heart problems and heart-related deaths among people with high triglycerides, a type of fat in the blood, and other risks for heart disease. Doctors cheered the results and said they could suggest a new treatment option for hundreds of thousands of patients like these.

Up to 10 percent of U.S. adults take fish oil. Even more take vitamin D, despite no major studies to support the many health claims made for it.

“Those who peddle it promote it as good for everything,” but in this definitive test, vitamin D “showed a big nothing,” said Dr. James Stein, a heart specialist at the University of Wisconsin-Madison. He had no role in the studies or ties to the companies involved.

Results were revealed Saturday at an American Heart Association conference in Chicago and published by the New England Journal of Medicine.

About fish oil

These oils, also called omega-3 fatty acids, are found in salmon, tuna and certain other fish. They reduce triglycerides and inflammation and may have other effects. There are different types, including EPA and DHA.

One study tested 4 grams a day of Amarin Corp.’s prescription Vascepa, which is concentrated EPA, in more than 8,000 patients with high triglycerides and a greater risk of heart problems for various reasons. All were already taking a statin such as Lipitor or Zocor to lower cholesterol. Half were given Vascepa and the rest, mineral oil capsules as a comparison.

After five years, about 17 percent of those on Vascepa had suffered one of these problems — a heart attack, stroke, heart-related death or clogged arteries requiring medical care — versus 22 percent of the others.

That worked out to a 25 percent reduction in risk. Looked at individually, heart attacks, heart-related deaths and strokes all were lower with Vascepa. Only 21 people would need to take Vascepa for five years to prevent one of the main problems studied — favorable odds, Stein said.

Side effects may be a concern: More people on Vascepa were hospitalized for an irregular heartbeat — 3 percent versus 2 percent of the comparison group. Doctors say that’s puzzling because other research suggests fish oil lowers that risk.

The concern with the heart rhythm problem is that it can raise the risk of stroke, but there were fewer strokes among those on Vascepa, said study leader Dr. Deepak Bhatt of Brigham and Women’s Hospital in Boston.

Vascepa costs around $280 a month; many insurers cover it. Amarin sponsored the study and some study leaders work or consult for the company.

The other study tested a lower 1 gram daily dose of a different type of fish oil — an EPA/DHA combo sold as Lovaza or Omacor and in generic form — in 26,000 people with no prior heart problems or cancer.

After about five years, rates of a combined measure of heart attacks, strokes and other problems were similar for fish oil users and a comparison group. Cancer rates and deaths also were similar.

There were fewer heart attacks in the fish oil group — 145 versus 200 in the comparison group. The study leader, Dr. JoAnn Manson at Brigham and Women’s, called that “a substantial benefit,” but several independent experts disagreed because of the way the study was set up to track this and certain other results.

“These findings are speculative and would need to be confirmed in a separate trial,” said the Cleveland Clinic’s Dr. Steven Nissen.

Fishy comparisons?

Both studies share a problem: the oils used for the comparison groups, which may not have been true placebos. The Vascepa study used mineral oil, which interferes with statin drugs, raises cholesterol, and might have made the comparison group fare worse and made Vascepa look better than it truly was.

The other study used olive oil, which might have helped that comparison group do better, possibly masking any benefit to the others from fish oil.

Leaders of both studies say any effect from the comparison oils isn’t enough to alter the main results, and independent experts agreed. But Nissen, who is leading another fish oil study, is using corn oil as a comparison.

The ‘sunshine’ vitamin

Manson’s study also tested vitamin D, which the skin makes from sun exposure. It’s tough to get enough from foods like milk, eggs and oily fish, though many foods now are fortified with it. Some studies have found that people with lower levels of D are more likely to develop cancer, but it’s not known if supplements alter that risk.

Study participants took 2,000 international units of D-3 (the most active form of vitamin D, also called cholecalciferol) or fake vitamin pills for five years.

Vitamin D did not affect the odds of having a heart attack or stroke or developing cancer. After excluding the first two years of use, researchers saw fewer cancer deaths among those on the vitamin — 112 versus 149 in the placebo group.

“Cancer can take years to develop” so a difference may not show up right away, Manson said. “This looks promising” and people will be studied longer to see if the trend holds up, she said.

Several other experts said these numbers just hint at a possible benefit that needs more study.

“These ‘positive’ results need to be interpreted with caution,” Dr. Clifford Rosen of Maine Medical Center Research Institute and Dr. John Keaney Jr. of the University of Massachusetts wrote in a commentary in the medical journal. 

Uganda Readies to Stave Off Ebola Along DRC Border

In Uganda, officials have stepped up measures to prevent an outbreak of the deadly Ebola virus.  Ebola has infected 319 people in the neighboring Democratic Republic of Congo since August, killing 198.  The border between the countries remains open, and health experts fear the virus will enter Uganda through the cross-border traffic.  

The Lamia River marks the border between the Democratic Republic of Congo’s Ebola-infected North Kivu Province and Uganda.  

Despite the deadly viral outbreak, Uganda’s Health Ministry says 20,000 people cross the border every week, putting the country at high risk.

Ugandan Jane Biira goes to the DRC side at least twice a week to buy food and charcoal to sell back home.  

“We have heard the disease is there but, we have to go out and trade.  We are only a little scared, because we have never seen anyone fall ill with Ebola where we go.  We buy the merchandise and leave.”

When Biira and others cross into Uganda they get checked at screening points by health care workers and volunteers, like Boaz Balimaka.  

“We have the hand-washing, then disinfecting the feet, and screening, then we allow somebody to pass.”

While no Ebola cases have yet been detected in Uganda, it can take up to three weeks for symptoms to appear.   

The virus causes a severe hemorrhagic fever that kills at least half the people who become infected.  

Even with border screenings, Butogo Town Council head John Kandole says they worry someone with Ebola could slip through.

“Somebody who comes from Congo, we don’t shake with him with hands. Once he comes to buy anything, he buy and go. And the money sometimes we have been fearing to get.”

Uganda’s Health Ministry is stepping up preventive measures by deploying an experimental Ebola vaccine for health care and front-line workers along the border.

Jane Ruth Aceng, Uganda’s health minister, says vaccines are also on standy-by.

 

“Currently, in Uganda we have 2,100 doses of the vaccine available at the National Medical Stores, and preparations are in high gear, including training of the health workers that are to be targeted.”

A 2007 Ebola outbreak in Uganda, in the border town of Bundibugyo, infected 149 people, killed 37, and took several weeks to be contained.

 

Study Links Social Media to Depression, Loneliness

University of Pennsylvania researchers say that for the first time they have linked social media use to increases in depression and loneliness.

The idea that social media is anything but social when it comes to mental health has been talked about for years, but not many studies have managed to actually link the two.

To do that, Penn researchers, led by psychologist Melissa Hunt, designed a study that focused on Facebook, Snapchat and Instagram.

The results were published in the November issue of the Journal of Social and Clinical Psychology.

How study worked

The study was conducted with 143 participants, who before they began, completed a mood survey and sent along photos of their battery screens, showing how often they were using their phones to access social media.

“We set out to do a much more comprehensive, rigorous study that was also more ecologically valid,” Hunt said. That term, ecologically valid, means that the research attempts to mimic real life.

The study divided the participants into two groups: The first group was allowed to maintain their normal social media habits. The other, the control group, was restricted to 10 minutes per day on each of the three platforms: Facebook, Snapchat and Instagram.

The restrictions were put in place for three weeks and then the participants returned and were tested for outcomes such as fear of missing out (FOMO), anxiety, depression and loneliness.

​Results of study

The results showed a very clear link between social media use and increased levels of depression and loneliness.

“Using less social media than you normally would leads to significant decreases in both depression and loneliness,” Hunt said. “These effects are particularly pronounced for folks who were more depressed when they came into the study.”

She calls her findings the “grand irony” of social media.

What is it about social media that’s just so depressing?

Hunt says that it’s two major things. The first is that social media invites what Hunt calls “downward social comparison.” When you’re online, it can sometimes seem that “everyone else is cooler and having more fun and included in more things and you’re left out,” she said. And that’s just generally demoralizing.

The second factor is a bit more nuanced. 

“Time is a zero-sum game,” Hunt told VOA. “Every minute you spend online is a minute you are not doing your work or not meeting a friend for dinner or having a deep conversation with your roommate.”

And these real life activities are the ones that can bolster self-esteem and self worth, Hunt said.

What to learn

So what’s the takeaway?

People are on their devices, and that’s not going to change, she said. But as in life, a bit of moderation goes a long way. 

“In general, I would say, put your phone down and be with the people in your life,” she added.

Hunt pointed out a few caveats to the study. First, it was done exclusively with 18- to 22-year-olds, and it is unclear if the depressing effects of social media will cross generational lines to older or younger people, Hunt said. But she expects her results should generalize at least for people through the age of 30.

Hunt says she is now beginning a study to gauge the emotional impact of dating apps.

SWIFT System to Disconnect Some Iranian Banks This Weekend

The Belgium-based SWIFT financial messaging service will be disconnecting some Iranian banks this weekend, said SWIFT chief executive Gottfried Leibbrandt at an event in Paris on Friday.

Earlier this week, SWIFT had already stated that it would be suspending some unspecified Iranian banks’ access to its messaging system in the interest of the stability and integrity of the global financial system.

In a brief statement issued earlier this week, SWIFT had made no mention of U.S. sanctions coming back into effect on some Iranian financial institutions on Monday, as part of U.S. President Donald Trump’s effort to force Iran to curtail its nuclear, missile and regional activities.

SWIFT’s statement on Nov. 5 said that suspending the Iranian banks access to the messaging system was a “regrettable” step but was “taken in the interest of the stability and integrity of the wider global financial system.”

US to Restrict E-Cigarette Flavors to Fight Teenage Vaping ‘Epidemic’

The U.S. Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavored electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes.

The ban means only tobacco, mint and menthol flavors can be sold at these outlets, the agency official said, potentially dealing a major blow to Juul Labs Inc, the San Francisco-based market leader in vape devices.

The FDA also will introduce stricter age-verification requirements for online sales of e-cigarettes. The FDA’s planned restrictions, first reported by The Washington Post and confirmed to Reuters by the official, do not apply to vape shops or other specialty retail stores.

There has been mounting pressure for action after preliminary federal data showed teenage use had surged by more than 75 percent since last year, and the FDA has described it as an “epidemic.”

“E-cigs have become an almost ubiquitous — and dangerous — trend among teens,” FDA Commissioner Scott Gottlieb said in September. “The disturbing and accelerating trajectory of use we’re seeing in youth, and the resulting path to addiction, must end. It’s simply not tolerable.”

That growth has coincided with the rise of Juul, whose sales of vaping devices grew from 2.2 million in 2016 to 16.2 million devices last year, according to the U.S. Centers for Disease Control and Prevention.

The agency threatened in September to ban Juul and four other leading e-cigarette products unless their makers took steps to prevent use by minors. The FDA gave Juul and four big tobacco companies 60 days to submit plans to curb underage use, a compliance period that is now ending.

The planned restrictions on flavors in convenience stores are likely to have the biggest impact on Juul, which sells nicotine liquid pods in flavors such as mango, mint, fruit and creme, previously called creme brulee.

Juul competitors

The only other e-cigarette competitors sold at convenience stores are those marketed primarily by tobacco companies such as Altria Group Inc, British American Tobacco Plc, Imperial Brands Plc and Japan Tobacco Inc.

Those products, sold under the MarkTen, blu, Vuse and Logic brands, have lost market share as Juul has risen to prominence over the last year, growing from 13.6 percent of the U.S. e-cigarette market in early 2017 to nearly 75 percent now, according to a Wells Fargo analysis of Nielsen retail data.

E-cigarette products represent a small share of revenue for major tobacco companies, whereas Juul’s business is built entirely on the vaping devices. Revenue from e-cigarette devices made up less than 1 percent of British American Tobacco’s global revenue for the first six months of 2018, according to a company filing from July.

Altria last month announced it would stop selling its pod-based electronic cigarettes, generally smaller devices that use pre-filled nicotine liquid cartridges, in response to the FDA’s concerns about teen usage. The company also said it would restrict flavors for its other e-cigarette products to tobacco, menthol and mint.

Representatives from Altria, British American Tobacco, Imperial Brands and Japan Tobacco did not respond to requests for comment Thursday evening. A Juul spokeswoman declined to comment.

The companies have previously said their products are intended for adult use and that they work to ensure retailers comply with the law.

Divisive products

Juul has previously said the company wants to be “part of the solution in keeping e-cigarettes out of the hands of young people” but that “appropriate flavors play an important role in helping adult smokers switch.”

Meredith Berkman, a founder of Parents Against Vaping E-cigarettes, which seeks to curb underage use, said the agency’s move was a “good first step,” but added that “the final step should have happened yesterday.”

“Why not do away with flavors altogether, why not do away with online sales altogether?” she said.

E-cigarettes have been a divisive topic in the public health community. Some focus on the potential for the products to shift lifelong smokers onto less harmful nicotine products, while others fear they risk drawing a new generation into nicotine addiction.

Last year the FDA, under Gottlieb, extended until 2022 a deadline for e-cigarette companies to comply with new federal rules on marketing and public health.

India’s Royal Enfield Targets Tripling of US Sales This Year

India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year and is aiming to dominate the market for middleweight bikes into which Harley-Davidson Inc has just shifted in a bid to revive sales.

Enfield, originally a classic UK brand but manufactured by India’s Eicher Motors Ltd in southern India since the early 1970s, has thwarted Harley’s efforts to make inroads in India, the world’s biggest two-wheeler market with some 17 million in sales annually.

Both companies are dwarfed in the lightweight categories by India’s Hero Motor Corp, Japan’s Honda and Bajaj Auto , and so far Enfield’s presence outside India in the more specialized market in medium-sized and large cruisers has been minimal.

Its arrival in North America three years ago signaled another headache for Harley, although sales of its iconic “Bullet” and “Classic” motorcycles have been stuck in the hundreds.

Based in Milwaukee, also the home town of Harley, Enfield sold between 700 and 800 motorcycles in the year ended March, and expects to sell nearly 2,000 in the current fiscal year, according to its North America president, Rod Copes.

“Our goal, over the next three to five and 10 years, is to be the largest middleweight motorcycle player, not just globally but also in North America. We want to get up to, where we are selling more than 10,000 to 15,000 motorcycles a year,” Copes told Reuters.

The bikemaker has been able to capitalize on demand by helping younger riders own a cruiser bike, along the lines of Harley’s but at a more affordable price point.

Enfield bikes come with a starting price tag of $4,000, which will rise to the $8,000 range following its new launches early next year. Harley’s entry level bike prices start at $6,899 and go up to $43,889.

“The U.S. motorcycle market is flipped upside down and the only segment that is growing is the middle-weight. I think we are beginning to see a little bit of a trend and a change in the industry itself, away from maybe the bigger, the better to smaller is funner,” Copes added.

Harley has been the historical market leader in the heavyweight motorcycle space in the United States and has been expanding into the middleweight motorcycle market with the launch of Street 500, Street 750 and the Street Rod range.

While Harley’s shipments have been dropping in the United States as its mainstay customer base is aging, it still managed to ship 144,893 motorcycles in the United States in fiscal 2017, according to its annual SEC filing.

The company does not break down those numbers into bike categories but analysts say almost all of those were heavyweight cruisers.

Uganda Prepares to Fight Off Ebola Along DRC Border

In Uganda, officials have stepped up measures to prevent an outbreak of the deadly Ebola virus. Ebola has infected 250 people in the neighboring Democratic Republic of Congo since August, killing 180. The border between the countries remains open, and health experts fear the virus will enter Uganda through the cross-border traffic. Halima Athumani reports from Bundibugyo, Uganda.

Vietnam’s Bamboo Airways Expects to Get Aviation License Next Week

Vietnam’s new carrier Bamboo Airways expects to finally get an aviation license next week and start flying within weeks, the chairman of its parent firm said on Thursday.

The airline had to delay its maiden flight on Oct. 10 because it didn’t receive a license in time.

“Prime Minister Nguyen Xuan Phuc has approved the proposal from the Ministry of Transport to issue the license to the airline,” Trinh Van Quyet, chairman of FLC Group, told Reuters by phone.

“We will launch our first flight within 45 days after receiving the license,” Quyet said. “Receiving the license would allow Bamboo to start services.”

Bamboo Airways would be Vietnam’s fifth airline after Vietnam Airlines, budget operator Jetstar Pacific Airlines, budget carrier Vietjet Aviation and Vietnam Air Services Co.

Bamboo Airways signed a provisional deal to buy 20 Boeing 787-9 wide-body jets worth $5.6 billion at list prices in July, as well as a memorandum of understanding with Airbus for up to 24 A320neo narrow-bodies in March.

Last week, Vietjet signed a $6.5 billion agreement to buy 50 Airbus A321neo jets, part of aggressive investment in the airline’s fleet, which has provided lucrative business for both European aerospace group Airbus and U.S. rival Boeing.