Japan Inc poured billions into Britain. Now it’s having regrets

  Japan’s top companies are losing patience with the United Kingdom as Brexit fast approaches.

  Honda (HMC) became the latest to reduce its exposure to the British economy, announcing Tuesday that it will shu

tter its only manufacturing plant in the country by 2021, a move that is expected to result in the loss of at least 3,500 jobs.

  The company denied any link with Brexit but auto industry experts sa

id the uncertainty over future market access and the risk of tariffs must have played a part.

  Honda’s bombshell follows the decision by rival automaker Nissan (NSANF) to sc

rap plans to build a new SUV model in northern England. Electronics firms Sony (SNE) and Pan

asonic (PCRFF) have both said they will move their European legal bases out of the country because of Brexit.

  Japanese executives are fed up after warning for years of the risks inherent in a rupture with Europe.

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utiful bedrooms where every detail is considered are only

  One particularly thoughtful touch is the hotel’s use of photographs. If a couple is celebrating an anniversary, for example

the staff will often track down a wedding photograph and place it bedside during turndown service.

  For a wedding held on site recently, the staff even went so far as to print a photo from the wedding that took place earlier th

at day, to have it ready to display in the couple’s bridal suite after the evening’s festivities.

  For another guest with Irish heritage who was hoping to reconnect with his roots, a staffer wa

s able to track down a local Gaelic hurling club that had a connection with the guest’s family.

  ”He drove [the guest] out to the club where his cousin used to play hurling back, I don’t know, a h

undred years ago,” Heery says. “You know, small things. But for the guest, it was a huge moment wh

ere we’re helping him with his family history.”The secret: A farm-to-table menu unlike anywhere else in Ireland

  The Emerald Isle’s cuisine may be most famed for creative uses of potatoes, but contemporary Irish food encompasses far

more than spuds; highlighting the country’s excellent produce and meat is one of the hotel’s main culinary goals.

  During Adare’s renovation, culinary director Loughlin Druhan loaded his team into a cam

per van and road tripped around Ireland to find the best vendors for every ingredient they needed.

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The secret: How they keep the golf greens, well, so greeneq

  At 845 acres, Adare’s property requires a significant amount of upkeep. And no area receives more loving care than the hotel’s

golf course, an idyllic stretch of emerald greens winding around the River Maigue.

  ”There are over 50 employees just on grass and greenery,” says Heery. And while Ireland may be ra

iny, these links will never be soggy: SubAir technology — a way to quickly vacuum water from the green

s — runs under the whole of the course.Far from being putting greens just for guests, the Tom Fazio-designed links we

re created with the intention of making Adare one of the top golf destinations in the world.

  So far, so good. The course was crowned the World’s Best New Golf Course in 2018 by t

he World Golf Awards, and its JP McManus Pro-Am tournament, scheduled for July 2020, alr

eady has the likes of Tiger Woods, Rory McIlroy and Justin Rose signed on to compete.

  Even the practice facility is known as one of the best in the country, with Scottish bunker sand specially imported for the most refi

ned experience.early equally alluring as the course itself is the sleek Carriage House, which acts both as a c

lubhouse for golfers and a dining destination not only for guests, but also for those in the surrounding village of Ad

are. After a round on the links, swing by the bar, an adults-only respite outfitted in leather and oak.

  Toast to your success (or drown your sorrows) with a glass of wine. Adare’s list is an impressive 12,000 bottles deep, plus t

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A jet lag cure. Such is the promise of the hotel spa’s exclu

  sive coladh samh massage (the name, pronounced “culla sauv,” is an Irish phrase meaning sound sleep) — a 50 or 80-minute trea

tment specifically designed to help with sleep issues, ranging from insomnia to epic jet lag battles.

  The experience begins with a mixture of pressure and Swedish techniques, followed

by a cooling ceramic stone treatment designed to lull the body into a state of relaxation. This author can speak fro

m firsthand experience: My whole body felt like a happy, sleepy puddle by the end of the service.

  And spa junkies rejoice: Adare’s spa is one of only 11 in the world (a

nd the only one in Ireland) to offer La Mer-branded treatments. For true luxury, boo

k the La Mer Miracle Broth Experience, a 180-minute service that includes a body polish with pure dia

mond powder, a circulation enhancing massage and the signature Miracle Broth facial.

  Adare Manor, Adare, Co. Limerick, V94 W8WR, Ireland; +353 61 605 200. Rates start at $370, including breakfast

  Juliet Izon is a veteran lifestyle writer, covering fo

od, travel, interior design and entertainment. She lives with her husband and daughter in New York City.

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hooks, lines or sinkers: Cambodians go traditional in fishing

Wielding handmade bamboo baskets and nylon nets, hundreds of people waded thigh-deep into a muddy lake in eastern Cambo

dia on February 9 for an annual fish-catching ceremony where only traditional tools are allowed to be used.

The ceremony is held each year in eastern Tboung Khmum Province after the crop

harvest to commemorate the country’s proud fishing history, said local chief Uch Yoeun.

The event – held in Choam Korvean commune, about 250 kilometers

from the capital Phnom Penh – attracts hundreds of farmers from surrounding villages.

They carry weaved baskets of different shapes, eager to try their hand at tr

apping the freshwater catfish and snakehead fish in the muddy Boeung Kroam lake.

“It has been a tradition since our ancestors’ time,” Uch Yoeun told AFP, adding that only one rule applies in this mass fishing event.

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bilateral trade is expected to further increase provided that

there is a relatively stable world economy. The high-technology sector and e-commerce can be

especially fast-growing given their rapid development in both countries, Li Xin, director of the Ru

ssian Center for Central Asian Studies at the Shanghai Institute of International Studies, told the Global Times on Thursday.

Li added that some traditional industries, such as energy, could witness a decrease in total trade as international fuel prices decline.

The expansion in China-Russia trade in 2018 was largely due to stable international economic growth and a closer

bilateral relationship, rather than a consequence of the China-US trade dispute, Li said.

Both countries have introduced policies encouraging trade cooperation, and these policies have clearly borne fruit, Li said.

However, the US-China trade conflict, which is hitting global confidence, could potentially play hav

oc with the world economy including trade between China and Russia if it escalates further in 2019, according to Li.

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Financial Times said that the UK National Cyber Security Centre

had determined that there are ways to limit the risks of using Huawei in future 5G ultra-fast networks, citing officials familiar with the matter.

Such a decision dealt “a serious blow to US efforts to persuade allies to ban the Chinese supplier from high-speed telecommunications systems,” the report said.

One person familiar with the debate said the British conclusion would “carry great weight” with European leaders, since the UK

has access to sensitive US intelligence through its membership in the Five Eyes intelligence sharing network, the FT reported.

Zhang said that the UK had been concerned about the risks of usi

ng Huawei because of warnings from the US. But Huawei products are inexpensive a

nd qualified that they could not refuse, which was why they proposed schemes to test Huawei equipment.

Zhang hailed the system and the UK’s conclusion as “significantly pragmatic, and will set an example for other European countries.”

Cui Hongjian, director of the Department of European Studies at the China Institute of Interna

tional Studies, told the Global Times on Monday that it was not in European countries’ interests to blin

dly follow the US, which was confusing security with the market to crack down on Huawei.

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As the West steps up its criticism of Myanmar over the Rohin

Rakhine issues, the country’s relations with the West have deteriorated. China is one of the few powers

Myanmar can rely on. There is vast cooperation potential between the two countries. China and Myanmar can a

dvance industrial cooperation under the framework of the Belt and Road Initiative, the China-ASEAN Free Trade Area, the China-M

yanmar Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor. How to unleash M

yanmar’s huge development potential with the help of China should be placed on the NLD government’s planning agenda.

As Myanmar’s largest neighbor, China will continue to play an active role in promoting Myanmar’s nat

ional reconciliation and addressing the Rakhine issue as well as build mechanism for talks. It will assist My

anmar as much as it can. When investing in Myanmar, Chinese ente-invested projects, driven by nationalism an

d so-called environmental concern, are of no help in improving the country’s investment environment, and have hijacked economic development. Res

pecting the spirit of the contract is a basic requirement for modern states and their peoplrprises should pay attention to th

eir social responsibility. They should also address local people’s suspicions and misunderstandings on Chinese-inve

sted projects. We have reasons to believe that the prospect for China-Myanmar cooperation under the Belt and Road framework is promising.

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Under the China-proposed Belt and Road Initiative, investment

from China has improved local infrastructure, resolved the country’s chronic energy crisis, a

nd made Pakistan a more attractive destination for foreign investment. We cannot give up halfway. Th

e question now is how to maximize the efficiency of Chinese loans to benefit the local people and Chinese investors.

Although Saudi Crown Prince Mohammed Bin Salman has reportedly postponed his trip to Pakistan amid heightened t

ensions between India and Pakistan, Pakistan is still likely to get an economic package from Saudi Arabia to support its economy.

China will be pleased to see the CPEC become leverage for increased economic cooperation betw

een Pakistan and the international community. Closer economic interaction will help maximize th

e efficiency of Chinese investment and promote regional economic integration. As Pakistan further integrates itself into the

global economy, foreign investment is likely to yield more employment benefits and help the country fight poverty. Prob

lems such as security concerns have also posed challenges to the CPEC. If foreign investment can help reduce p

overty and fight terrorism in the South Asian country, it will create a virtuous circle for the development of CPEC.

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Leveling the playing fields for domestic and overseas compa

The world has been closely watching the latest round of high-level trade

negotiations between the US and China, which took p

lace in Beijing on Thursday and Friday, for clues as to whether a trade resolution

will be reached before the March 1 deadline.

With the slowdown seen in the economies of both countries and the

world in general, the US and China have a sober under

standing of the importance of reaching a trade deal, which is reflected by the

increasing flexibility shown by both parties. Last week, US Pre

sident Donald Trump even suggested that he could extend the deadline if both

parties are making good progress and are nearing a formal agreement.

As the US and China both have the need to reach a deal, it is generally expected

that both parties will make some compromises to avoid an escalation of tra

de disputes. In this situation, China will most likely significantly increase its

imports from the US in the short term, while at the same time making s

ubstantial changes with regards to issues like market opening and technology transfer.

At present, there is much speculation about what compromises China may

make or which industries the nation will open to more for

eign investment. Last year, against the background of the unprecedented trade war, the National D

evelopment and Reform Commission, China’s top economic planner, published

a new version of the negative list for foreign investment. The negative list, w

hich took effect on July 28, removed foreign ownership limits for special vehicles and new energy vehicle m

anufacturing, with the ownership cap for passenger car manufacturing scheduled

to be lifted by 2022. Moreover, th

e latest list also eased or scrapped foreign investment curbs on sectors like

banking, insurance, ship and aircraft manufacturing, and power grids.

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