boost

SEASIDE lovers are in for a treat as an iconic pier is finally re-opening today.

The historic 145-year-old pier is back in business after a grueling six-month closure that left locals and tourists high and dry.

Hythe Pier, which stretches a whopping 700 yards into Southampton Water, has undergone a massive “deep clean” and vital electrical upgrades to make it ship-shape for the public.

And the best part is it’ll cost sun-seekers just £1 to take a stroll and soak up the stunning coastal views.

Local leaders are hailing the move as a massive “first step” in bringing the Hampshire town’s “beating heart” back to life.

The pier, which first opened its doors in 1881, was forced to shut last year due to safety concerns and infrastructure wobbles.

SANDS GREAT

Where to find the best UK beach – AND it gets the least amount of rain

SAFETY FIRST

World famous UK beach closed to the public after storm damage

But thanks to a band of dedicated volunteers and local businesses, the Grade II-listed structure is ready for action once again.

A spokesperson for the Hythe Pier, Train and Ferry Group previously said: “We could see how incredibly important it was that we bring our much-loved pier back to the community.

“Every £1 you spend goes back into the pier, supporting its future. Come and walk the full length, take in the views, and be part of this next chapter.”

The pier is also home to a historic ferry train which having opened in 1922 makes it the world’s oldest, a feat recognised by Guinness World Records.

While the walkway is officially open from 10am today, fans of the pier’s world-famous railway will have to wait a little longer.

Work is still ongoing to get the vintage carriages and the ferry service back on track, but bosses are “hopeful” the full service will be restored soon.

Hythe councillor Malcolm Wade said: “It’s really good news that it has been opened so residents can go up and down the pier again.”

The pier’s reopening is a major shot in the arm for the quaint town, which relies on the landmark to draw in thousands of visitors every year.

WASHINGTON — The House on Monday approved allocating an extra $30 million to community and migrant medical centers, a move aimed at reducing infant deaths.

The bill, passed on a voice vote, requires the Department of Health and Human Services to give spending priority to centers that serve high-risk areas and to population groups with high infant mortality rates.

The bill was sent to the Senate, which passed a similar measure Aug. 6. Conferees will work on a compromise between the two.

The Reagan Administration opposes the legislation. It has proposed instead to test innovative ways of providing services to Medicaid-eligible pregnant women and infants up to a year old.

When the House Energy and Commerce Committee approved the House version last month, several Republican members called it unnecessary and said they found no reason to believe the extra spending would help more newborns survive.

Tourism chiefs are predicting a near two million jump in the number of Brits holidaying at home this Easter

Around 12.5 million Brits are planning an Easter staycation – as the Middle East war deters families from jetting abroad.

The number of people who say they intend to holiday in the UK over the Easter weekend is up sharply from 10.6 million last year. The near two million surge will help deliver a bumper £4.8billion boost to tourism and the wider economy, according to VisitEngland, which published the data.

The number saying they hope to holiday at home dwarfs the estimated 7.4 million who are planning a trip abroad this Easter. Of those definitely aiming to take a staycation during the Easter break, the majority will be short breaks of one to three nights.

READ MORE: UK drivers urged to do three-second car check as clocks change this weekendREAD MORE: UK’s ‘holiday park of the year’ is on family-run farm near beautiful beaches

It came as VisitEngland’s Trip-Tracker revealed that more than a quarter of those it surveyed, 28%, were worried about the impact of the Middle East conflict on their upcoming travel plans in April and May. The top concern was having less money to spend due to the economic impact. There have already been fears of air fare price hikes and possible flight cancellations.

The number of people planning an Easter staycation this year also marks a big jump on 2024’s 11 million, and nearly double the 6.5 million in 2023. A further 5.1 million people surveyed said they were undecided about whether to take an overnight holiday trip in the UK during the Easter weekend. The top reasons were “waiting to see if I can afford it” and “waiting to see what the weather is like”. Forecasts for the weather suggest it will be a mixed bag next week, but with settled conditions over the Easter weekend itself.

However, those driving for days out and holidays in the UK face a hit to the wallet from soaring fuel prices on the back of the Iran war. The nationwide average for unleaded has jumped to 150p a litre, up 17p since before the conflict erupted. Diesel drivers have been hit even harder, with diesel now averaging 176.68p per litre, a leap of 34p in recent weeks.

RAC head of policy Simon Williams said: “Petrol has now broken through the unwelcome milestone of 150p a litre (150.11p), something drivers haven’t seen since mid-May two years ago while the average price of diesel is now approaching 180p at 177.68p.

“With the long-awaited four-day Easter weekend almost within touching distance, the cost of getting away by car is going to be noticeably higher this year.

“And with average prices at motorway services at 166p for unleaded and 182p for diesel, drivers on long journeys will need to plan very carefully where they refuel. The best advice remains to shop around for fuel and make use of free apps such as myRAC to never pay a penny more for fuel than is absolutely necessary.”

Some families may also think twice given another wave of bill increases – including water and council tax – from the start of April, and warnings that food price inflation could jump again.

Kate Allen, owner of Devon-based Finest Stays, said: “For now, we’re not seeing a slowdown. Bookings are up around 10% on this time last year, with more guests opting to stay in the UK rather than travel further afield to places like Dubai.

“The Great British holiday is very much in favour, as we’re a nation that prioritises getting away, and domestic breaks are benefiting from that shift. That said, there’s a nervous undercurrent. Fuel costs feel like a slow leak, pressure building rather than bursting.

“We’re expecting more guests to postpone or cancel, and that’s where it gets tricky. Terms and conditions may cover it, but it doesn’t make refund conversations any easier when the wider impact on businesses and homeowners isn’t fully understood.”

Tourism Minister Stephanie Peacock said: “It is wonderful that so many people are planning on having a staycation this Easter weekend, whether that’s spending time visiting our stunning landscapes and coastlines or exploring our vibrant towns, cities and cultural landmarks. Supporting domestic tourism helps local areas thrive – fuelling small businesses, boosting pride, and strengthening community economies.”

VisitEngland chief executive Patricia Yates said: “Tourism businesses and destinations will be looking to the critical Easter weekend for much needed cash flow so it’s encouraging to see so many of us are planning a holiday at home, with its ease, convenience and certainty of budgeting. We also know that the cost of living remains a concern for holidaymakers, leaving it difficult too for businesses to plan in advance.

“We have incredible activities, experiences and places to stay for all tastes and budgets, and there really is nowhere quite like Britain in springtime. From walks in our beautiful countryside with the promise of a pub lunch or discovering contemporary culture in our buzzing cities to enjoying fish and chips on the beach, there is something for everyone. So, a rallying cry to please go out and explore the amazing destinations and events here on our doorstep this spring. Tourism businesses will be very pleased to welcome you, you will have an amazing time and create memories to make you smile all year.”

It came as trade body UKHospitality stepped up criticism of what has been dubbed a new “tourist tax”. Labour is proposing to allow regional mayors in England to introduce a “visitor levy” on overnight stays, as already happens in some European countries. While details of how it would work are still to be finalised, it could either be a per head charge or a percentage of the cost of the stay. Small businesses – from guesthouses to B&Bs – say it could lead to closures.

Modelling by Oxford Economics, commissioned by UKHospitality, which assumed a 5% levy, warned it could lead to a £1.6billion tax increase for holidaymakers by 2030, and a £2.2billion hit to the economy.

A HISTORIC Hampshire pier is set to reopen to the public for the first time since its closure in 2024 after undergoing months of work.

Hythe Pier will reopen on Thursday, April 2 following major electrical improvements and a subtle revamp.

Under the management of Hythe Pier Companies, it will cost visitors £1 to walk along the pier, but children under five will be allowed on for free.

A spokesperson for the Hythe Pier, Train and Ferry Group said: “Every £1 you spend goes back into the pier, supporting its future as we begin our transition into a charity.

“Come and walk the full length of the pier (700 yards / 640 meters) take in the views, and be part of this next chapter.”

The attraction is the UK’s seventh-longest pier but has been shut for more than a year and has kept essential ferry services closed, disrupting life for locals.

WAVE HELLO

Inside UK’s biggest indoor tropical waterpark getting a £500,000 makeover

SPLASH OUT

Island resort on top Europe beach named best in Spain & has TUI and Jet2 deals

A crucial stopping point for the Hythe Ferry, which ran regular services to Southampton before the closure, the pier has been essential to the community.

The pier is also home to a historic ferry train which having opened in 1922 makes it the world’s oldest, a feat recognised by Guinness World Records.

Although the reopening is good news for tourists, the essential ferry and train services that once connected the village to Southampton are not yet back on track.

Local councillor Malcolm Wade explained that the pontoon, owned by ferry operator Red Funnel, has been broken for almost two years, leaving commuters, football fans and day trippers cut off.

“We’re waiting for Red Funnel to decide what they’re going to do, because they’ve already written to us to say they’re not interested in running the ferry anymore and we want our ferry back”, he said.

Hythe Pier, Train and Ferry Group said: “We could see how incredibly important it was that we bring our much-loved pier back to the community.

“This is hopefully the first step towards restoring the service.”

TWO towns are back on the railway map for the first time in 60 years after new stations finally opened.

New stops have welcomed passengers again following a massive £185million project to restore long-lost rail links across the West Midlands.

Willenhall and Darlaston stations now sit on the line between Shrewsbury and Birmingham New Street via Wolverhampton — giving locals a direct route into the city.

The first train pulled in early on Thursday morning, marking the end of decades without rail services.

Both stations were shut in 1965 during the infamous Beeching cuts, when more than 2,000 stations across the UK were shut down.

Services will now run roughly every hour on weekdays and Saturdays, with no trains stopping there on Sundays.

BACK ON TRACK

Train station with 7million passengers a year reopens after 10-month closure

TUBE TALK

Huge Hollywood star to lend legendary voice to iconic Tube station this week

Commuters can expect to pay around £8.90 for a peak return from Willenhall to Birmingham, or £6.40 off-peak, while Darlaston passengers will pay slightly less.

From Darlaston, a peak return costs £8 and an off-peak ticket is £5.90.

The stations come with lifts, shelters, ticket machines and cycle racks, plus parking for 300 cars at Darlaston and 33 at Willenhall.

Pat McFadden, the MP for Wolverhampton South East which covers Willenhall, used the new trains recently, describing them as “clean, modern and easy to use”.

He added: “This is going to save people a massive amount of time. It’s going to enable people to take up jobs they probably couldn’t have taken up.

“It’s a transport boost, it’s a morale boost and it’s an economic boost to both towns.”

Walsall Council leader Mike Bird said the openings are “a major milestone for communities and a real boost for the borough’s future”.

March 18 (Asia Today) — South Korea’s four major oil refiners are ramping up production and delaying maintenance to stabilize domestic fuel supply amid rising global energy risks, industry officials said Tuesday.

The move comes as refining margins approach $30 per barrel, far above the industry break-even level of about $4 to $5, signaling what analysts describe as a “super cycle.”

Despite strong profitability, refiners said the decision reflects a priority on supply stability as concerns grow over potential fuel shortages linked to Middle East tensions and disruptions in the Strait of Hormuz.

GS Caltex has postponed major maintenance at its Yeosu refinery by about two months to May, opting to keep production running during the current high-margin period. Such maintenance typically lasts about 40 days and costs hundreds of billions of won.

Industry officials said the delay was driven not only by profitability but also by the need to ensure stable supply, including naphtha, a key feedstock for petrochemical production.

Naphtha prices have surged to about $1,009 per ton, roughly double the level seen a year earlier.

Refiners said maintaining high operating rates will also support petrochemical companies by ensuring a steady supply of raw materials.

SK Energy said it will continue operating at full capacity while complying with the government’s oil price cap policy. Authorities are monitoring refinery inventories and shipments in real time through a joint task force.

S-Oil and HD Hyundai Oilbank are also prioritizing domestic supply in line with government measures limiting exports of gasoline and diesel.

Industry sources said other refiners may follow GS Caltex in adjusting maintenance schedules, as shutting down facilities during a period of elevated margins would reduce efficiency.

Analysts said refiners are seeking to balance strong earnings with their role in preventing a domestic fuel crisis as geopolitical tensions persist.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260317010005107

WASHINGTON — U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war.

The Treasury issued a broad authorization allowing Petróleos de Venezuela S.A, or PDVSA, to directly sell Venezuelan oil to U.S. companies and on global markets, a massive shift after Washington for years had largely blocked dealings with Venezuela’s government and its oil sector.

Separately, the White House said President Trump would waive, for 60 days, Jones Act requirements for goods shipped between U.S. ports to be moved on U.S.-flagged vessels. The 1920s law, designed to protect the American shipbuilding sector, is often blamed for making gas more expensive.

The moves highlight the increased pressure that the Republican administration is under to ease soaring oil prices as the United States, along with Israel, wages a war with Iran without a foreseeable end date. Global oil prices have since spiked as Iran halted traffic through the narrow Strait of Hormuz, where one-fifth of the world’s oil typically passes through from the Persian Gulf to customers worldwide.

The Treasury’s license is designed to incentivize new investment in Venezuela’s energy sector and is intended to benefit both the U.S and Venezuela, while increasing the global oil supply, a Treasury official told the Associated Press. The official was not authorized to discuss the matter publicly and spoke on condition of anonymity.

Since the ouster and arrest of Nicolás Maduro as Venezuela’s president during a U.S. military operation in January, Trump has said the U.S. would effectively “run” Venezuela and sell its oil.

The U.S. license provides targeted relief from sanctions, but does not lift the penalties altogether. The license allows companies that existed before Jan. 29, 2025, to buy Venezuelan oil and engage in transactions that would normally be banned under American sanctions, reopening trade for a major oil producer to global markets.

There are some limits.

Payments cannot go directly to sanctioned Venezuelan entities such as PDVSA, but must be sent instead to a special U.S.-controlled account. In other words, the U.S. will allow the oil trade but will control the cash flow.

Additionally, deals involving Russia, Iran, North Korea, Cuba and some Chinese entities will not be allowed. Transactions involving Venezuelan debt or bonds will not be allowed.

The license is expected to give a massive boost to Venezuela’s oil-dependent economy and help encourage companies that have been apprehensive to invest. The decision is part of the Trump administration’s phased-in plan to turn around Venezuela. But critics of the acting Venezuelan government argue that the move rewards Venezuela’s leadership — all loyal to Maduro and the ruling party — while repression, corruption and human rights abuses continue.

Many public sector workers survive on roughly $160 per month, while the average private sector employee earned about $237 last year, when the annual inflation rate soared to 475%, according to Venezuela’s central bank, and sent the cost of food beyond what many can afford.

Venezuela sits atop the world’s largest oil reserves and used them to power what was once Latin America’s strongest economy. But corruption, mismanagement and U.S. economic sanctions saw production steadily decline from the 3.5 million barrels per day pumped in 1999, when Maduro’s mentor, Hugo Chávez, took power, to less than 400,000 barrels per day in 2020.

A year earlier, the Treasury Department under the first Trump administration locked Venezuela out of world oil markets when it sanctioned PDVSA as part of a policy punishing Maduro’s government for corrupt, anti-democratic and criminal activities. That forced the government to sell its remaining oil output at a discount — about 40% below market prices — to buyers such as China and in other Asian markets. Venezuela even started accepting payments in Russian rubles, bartered goods or cryptocurrency.

The new license does not allow payments in gold or cryptocurrency, including the petro, which was a crypto token issued by the Venezuelan government in 2018.

Meantime, White House press secretary Karoline Leavitt said the Jones Act waiver would help “mitigate the short-term disruptions to the oil market” during the Iran war and would “allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports.”

Hussein and Cano write for the Associated Press. Cano reported from Caracas, Venezuela. AP writer Seung Min Kim contributed to this report.

For months, the senior U.S. senator from Montana pondered his political future.

Or so he said.

Wrapping up his second term and facing a glide path to a third, Steve Daines unexpectedly opted this month against seeking reelection, saying in an aw-shucksy video he planned to spend more time back home in Montana and enjoy more cherished moments with his seven grandkids.

Notably, after long “wrestling with this decision,” Daines announced his intent a scant two minutes after the deadline passed for candidates to put their names on the ballot. March 4 at 5:02 p.m local time, to be precise.

More notable still, Daines’ preferred successor, Republican former U.S. Atty. Kurt Alme, jumped into the race at 4:52 p.m. that very same day.

There are relay runners who might learn a thing or two from their timing and coordination.

As part of the seamless handoff, Alme was swiftly endorsed by President Trump, Montana’s Republican governor, Greg Gianforte, and its other Republican senator, Tim Sheehy, for all intents settling the GOP contest and, quite likely, choosing the state’s next member of the U.S. Senate.

Never mind what voters might have wished, or other prospective candidates might have had in mind.

“There are a lot of Republicans in the state, folks with political ambitions, who are extremely peeved right now,” said Kal Munis, a Montana native and political science professor at Auburn University, who closely tracks politics in his home state.

Moreover, Munis said, with enough notice a heavy-hitting Democrat might have entered the contest, instead of the lowly bunch now running hopeless campaigns.

Montana, which has a rich Democratic history, has become a solidly Republican state, though the makeover took some time to complete.

As recently as 2008, Barack Obama made a serious run there, losing to John McCain by less than 3 percentage points. Montana had a Democratic governor until Gianforte was elected in 2020 and a Democratic U.S. senator until Jon Tester was defeated in 2024.

Still, while Daines’ seat hardly appeared at great risk for the GOP, a fight for the party’s nomination might have been a costly distraction, diverting money and attention that could go elsewhere as Republican prospects for the midterm election grow increasingly dim. (An unpopular war and shaky economy that’s been knee-capped by a sudden spike in oil prices will do that.)

Of all people, Daines certainly appreciates the bigger political picture, having led Republicans’ Senate campaign committee during the 2024 cycle. So he and his allies short-circuited the election process by laying hands on Alme, who stepped down as U.S. attorney to sidle into the Senate.

Seth Bodnar was among those who quite rightly criticized Daines for, as Bodnar put it, having “so little respect for Montana Republicans that he withdrew at the last minute to coronate his handpicked successor instead of giving them a voice at the ballot box.”

It just goes to show, Bodnar suggested, “the disgusting arrogance of Washington politicians and their party bosses who trade power back and forth like candy.”

Bodnar, the former president of the University of Montana, is running for Senate as an independent, conspicuously steering clear of the toxic Democratic brand. There is speculation the high-handed behavior of Daines, Trump and other Republicans might be enough to give Bodnar’s steep-odds candidacy a decent shot in November.

Munis, for one, is doubtful.

“There are a number of activist types who are deeply angered by this,” he said. “But when it comes to tallying votes in an election, that’s just a drop in the bucket.”

Unfortunately, Daines’ scheming, stick-it-to-the-voters approach isn’t just a Montana Republican thing.

Democratic Rep. Chuy Garcia of Illinois announced in the fall that he would not seek a fifth term this year. The last-second move — which came after Garcia had earlier filed paperwork to run for reelection — made it so his chief of staff and preferred successor, Patty Garcia (no relation), was the only major Democrat to appear on the ballot, virtually guaranteeing her election in November.

The cynical maneuver so disgusted Rep. Marie Gluesenkamp Perez, a maverick Democrat from rural Washington state, that she defied party leaders and introduced a resolution rebuking Garcia.

His actions were “beneath the dignity of his office and incompatible with the spirit of the Constitution,” said Gluesenkamp Perez, who was jeered and booed by fellow Democrats during the floor debate for having the temerity — heavens to Betsy! — to put principle above knee-jerk partisanship. The measure passed the House, 236 to 183, with only 22 Democrats joining Gluesenkamp Perez in support.

In California, the law prevents incumbents from pulling off the kind of underhanded stunt that Garcia and Daines managed. That’s because the filing deadline is automatically extended for an extra five days whenever a sitting lawmaker opts against seeking another term.

So, for instance, when Rep. Darrell Issa suddenly announced this month he would not run for reelection, he endorsed his favored replacement, San Diego County Supervisor Jim Desmond, but couldn’t grease the process to see to it that Desmond takes his place.

Legislators in other states should pass a law like the one in California to prevent the undemocratic shenanigans that in effect neutered voters in Montana and the Chicago area.

That is, if they truly believe elections matter and voters should have a choice and not stand by powerless as their government representatives are anointed from on high.

March 6 (Asia Today) — China’s central bank governor said Thursday that Beijing has no intention of weakening the yuan to improve trade competitiveness, emphasizing confidence in the stability of the country’s currency.

Pan Gongsheng, governor of the People’s Bank of China, made the remarks during an economic press conference at the annual session of China’s National People’s Congress in Beijing.

Pan said recent movements in the yuan against the U.S. dollar were influenced by several factors, including China’s economic recovery, fluctuations in the U.S. dollar index and seasonal increases in corporate foreign exchange settlements.

“The current exchange rate of the yuan against the dollar remains within the mid-range seen in recent years,” Pan said. “China neither needs nor intends to gain trade competitiveness through currency depreciation.”

He added that the central bank plans to maintain an “appropriately accommodative” monetary policy in 2026, including the flexible use of tools such as reserve requirement ratio reductions and interest rate adjustments.

Demand for yuan-denominated financial instruments has continued to grow. The issuance of yuan-denominated bonds over the past 14 months reached about 1.365 trillion yuan ($200 billion), the highest level on record, according to financial market data.

Analysts say the increase reflects relatively low interest rates in China and the gradual expansion of yuan settlement in international transactions.

Offshore yuan bonds known as dim sum bonds have grown particularly quickly. About 103 billion yuan ($15 billion) worth have been issued so far this year, roughly double the amount recorded during the same period last year.

So-called panda bonds, which are yuan-denominated bonds issued in China by foreign companies, have also expanded, with 51.4 billion yuan ($7.5 billion) issued this year.

Overseas yuan lending reached 425 billion yuan ($62 billion) in 2025, the highest level on record.

Despite the growing use of the currency, analysts say the yuan still faces obstacles before it can rival the U.S. dollar as a major global reserve currency.

China’s leadership, including President Xi Jinping, has promoted the internationalization of the yuan as part of a broader effort to strengthen its role in global finance.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001817

March 5 (Asia Today) — South Korea’s major game companies are rolling out more aggressive shareholder return plans, raising dividends and canceling shares as they try to strengthen investor confidence amid uncertainty over new title launches.

The gaming sector often sees sharp swings in earnings depending on whether new releases succeed. Analysts say clearer long-term payout policies can help stabilize market expectations and could support higher valuations if performance improves.

Krafton said it will spend more than 1 trillion won ($675 million) on shareholder returns through 2028, about 44% more than its previous three-year plan of 693 billion won ($468 million).

The company also plans to pay cash dividends totaling 300 billion won ($203 million) over three years, or 100 billion won ($68 million) a year. It said the payout will be structured as a capital reduction dividend for small shareholders, which can reduce tax burdens under Korean rules.

Krafton also said it will buy back more than 700 billion won ($473 million) of its own shares and cancel all of them, a move aimed at improving capital efficiency.

Netmarble said it will pay 71.8 billion won ($48.5 million) in cash dividends, or 876 won per share, roughly equal to about 30% of controlling shareholder net profit. It also plans to cancel 4.7% of shares it already holds.

Netmarble set a longer-term target of lifting its shareholder return ratio to about 40% by 2028.

Mid-sized publishers are also stepping up returns. Com2uS canceled 5.1% of shares it held earlier this year and approved a 14.8 billion won ($10.0 million) cash dividend. The company said five executives, including CEO Nam Jae-kwan, also purchased a combined 13,210 shares.

Neowiz said it plans to return 20% of consolidated operating profit to shareholders under a mid- to long-term policy. Based on 2025 results, that would amount to about 12 billion won ($8.1 million), delivered through a mix of share buybacks, share cancellations and dividends.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260306010001594