It requires keeping pace with the market's rapid changes, the report said.
It may have some negative impact on the economies of both countries in the long run, but there haven't been signs of this for the time being. Only market confidence has been slightly affected shortly after the tariff plan was announced.
It mentioned weakness for German auto manufacturers due to new fuel emission standards and soft domestic demand in Italy after the recent emergence of sovereign and financial risks. But the IMF also highlighted weakening sentiment in global financial markets and a contraction in Turkey that's now projected to be deeper than anticipated.
It listed Japan as its second largest market, contributing 8 million or 30 percent growth, which accounted for 15 percent of its total revenue for the quarter.
It said Junlyu is 53.2 meters long, 13.4 meters wide, and has a displacement of 410 metric tons. The ship can carry 300 passengers and sail at speeds of up to 19 kilometers per hour. At speeds of less than 13 km/h, it can travel for eight hours.
It is widely acknowledged that education is the key to future prospects, so Lui, at 88, is still doing all he can to help others benefit from what he missed out on. That is the motivation behind the LUI Che Woo Prize, the international award he established.
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It may seem like a trivial activity, but it has slowly moved into the center of conversation on the future of business and sustainable development.
It is a ferocious fighter and will use its fanglike teeth against nets and fishermen alike, twisting and writhing its snakelike body as it is hauled out of the water.
It mainly caters for corporate clients and investment banking, retail businesses and small and medium-sized enterprises as well as private banking.
It is estimated that there will be about 500 LNG carriers worldwide by the end of this year and the number will jump to 600 by 2022.