Monthly Archives: August 2024

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Bangkok, July 16 (Reporter Chen Qianci Gao Bo) Six foreigners were found dead in the hotel room in a well-known hotel in Bangkok, the capital of Thailand, on the 16th. Police said the exact cause of death remains to be investigated.

Thai Prime Minister Saita said at a press conference that night that the six dead, including four Vietnamese and two Vietnam-Americans, died about 24 hours, and there were no signs of conflict or fighting at the scene. He requested that an investigation be launched into the case as soon as possible.

Bangkok City Police Commissioner Tidi said at a press conference that night that the six victims were three men and three women. There were traces of drinking tea or coffee in the room, and the residue in the cup had been sent for inspection. The police initially concluded that suicide was ruled out and the exact cause of death was pending further investigation.

Previously, several Thai media first reported that a shooting incident occurred at the hotel, and later corrected it to the death of 6 people or cyanide poisoning. (Participating reporter: Lin Hao)

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Local time 18, the Argentine central bank confirmed that the face value of 10,000 Argentine pesos and 20,000 Argentine pesos will be officially put into circulation in June this year.

In recent years, the face value of banknotes issued by Argentina has been increasing due to persistent high inflation and serious currency depreciation. In 2016 and 2017, Argentina issued banknotes with a face value of 500 pesos and 1000 pesos respectively. The 2000 peso note, which went into circulation in May last year, is currently the largest denomination note on the Argentine market.

Argentina’s monthly inflation rate reached 132% in February, with a cumulative inflation rate of 2762% in the past 12 months, according to data released by Argentina’s National Bureau of Statistics on the 12th. (gong Xiangcheng, a reporter from the front desk)

Related news:

Buenos Aires, March 19 / PRNewswire-FirstCall-Asianet /– what is the effect of the reform since Argentine President Mile took office 100 days ago?

Press gallery h Wang Zhongyi

Since taking office in December last year, Argentine President Mile has launched a series of shock therapy reform measures aimed at saving the economy, with a view to reducing the fiscal deficit and controlling inflation. Among them, the two major reform measures proposed by the Mile government are still pending due to parliamentary procedures.

At present, Argentina has achieved a fiscal surplus for two consecutive months, and the inflationary pressure has eased somewhat, but the difficulties such as the increase in unemployment, the decline in industrial production and rising prices still exist. Analysts believe that whether the reform can be supported by Congress, whether inflation can be controlled and whether public anxiety can be calmed down are still challenges facing the Mile government.

The prospect of reform is uncertain.

In his first month in office, Mile launched two major reform measures, namely, the necessary emergency decree on the basis of Argentina’s economic reconstruction and the comprehensive bill called the foundation and starting point of Argentine freedom, covering the amendment or repeal of hundreds of laws and regulations, respectively, aimed at relaxing government and legal controls on economic names, reducing the fiscal deficit and facilitating import and export trade. In addition, Mile also devalued the Argentine peso significantly.

On March 14, the Argentine Senate voted down the necessary emergency decree signed by Mile, which will then be submitted to the Argentine House of Representatives for consideration and vote. According to Argentine law, even if the decree is rejected by the Senate, it can take effect as long as the House of Representatives votes to pass it; if the House of Representatives votes to reject it, the decree will be completely null and void. The comprehensive bill introduced by Mile has not been passed by Congress before, and is now planning to amend the provisions of the bill to be submitted to Congress for consideration.

Analysts believe that the resistance to Mile’s reform mainly comes from the left and trade unions. at present, as the ruling party and left-wing opposition parties do not have a majority in both houses, Mile still needs to win the support of centrist parties to promote the implementation of the reform.

Sun Hongbo, associate researcher at the Institute of Latin American Studies of the Chinese Academy of Social Sciences, believes that the Mile government intends to carry out a systematic and radical reform, but the relevant reform measures currently face various political checks and balances. Generally speaking, the Mile government is facing the constraints of many forces, such as the ruling coalition, left-wing political parties, local governments, trade unions and so on, and there is a lot of uncertainty about the prospect of its radical reform.

The plight of people’s livelihood needs to be alleviated.

Recently, a lot of news has been seen as positive by the Argentine government: Argentina’s central bank cut its benchmark interest rate to 80%, a fiscal surplus for two consecutive months, an easing of inflationary pressures, the International Monetary Fund approved a further $4.7 billion loan to Argentina, and Argentina completed a debt swap of more than $50 billion. Despite this, Argentine people are still plagued by rising unemployment, rising prices and other problems.

In March, Argentines ushered in the day to return to work and start school, but many people were laid off. Argentine media reported that companies said sales had fallen sharply and could not afford to hire so many employees. The dark clouds of unemployment, poverty and rising prices hang over the Argentine people.

Argentine sociologist Marcelo Rodriguez said the unemployment rate in Argentina is expected to rise in the future as more than 50, 000 jobs have been lost as a result of government cuts, layoffs and no longer injecting funds into public projects.

According to a recent report by Argentina’s Financial Circle, the latest report of the Argentine Federation of Industries showed that in January this year, Argentina’s industrial production index fell to 299%, the lowest level on record, and was in a contraction range of less than 50% for the seventh month in a row. The report said that the output of more than half of the small and medium-sized enterprises surveyed declined, and several sets of data showed that the plight of industrial production in Afghanistan intensified, with small and medium-sized enterprises bearing the brunt.

A staff member of the United Nations Children’s Fund (UNICEF) office in Argentina recently said that in the first quarter of 2024, the poverty rate of children and adolescents in Argentina will reach about 70%, and the rate of extreme poverty will reach 34%.

Since the beginning of this year, large-scale strikes and demonstrations have broken out in Argentina many times to oppose the reform measures of the Mile government. On March 18, a number of trade union organizations in Argentina launched a march in the capital Buenos Aires and other cities across the country. In January, a number of national trade unions and left-wing organizations in Argentina also held a national strike to protest against the Mile government’s reform measures ignoring the rights and interests of labor and social vulnerable groups, resulting in the suspension of services in banks, gas stations, airports, aviation, sanitation and other industries in many parts of Argentina.

The economy faces the challenge of stagflation

Argentine economist Gustavone believes that the Mile government has reversed the declining trend of Argentine dollar reserves after 100 days in power, but the country’s economy still faces the challenge of stagflation.

Inflation in Argentina was 132 per cent in February, down from 206 per cent in January and 255 per cent in December, according to the Argentine National Institute of Statistics and Census. The cumulative inflation rate in the past 12 months reached 2762 per cent. Rosendo Fraga, a researcher at Argentina’s National Institute of moral and political Sciences, believes that although the monthly inflation rate has decreased, inflation is still at a high level.

The International Monetary Fund (IMF) released a report on January 30 predicting that Argentina will face recession and rising inflation in the context of a sharp adjustment in economic policy. The report predicts that Argentina’s economy will contract by 28% in 2024.

Argentina’s TN news channel recently quoted Moody’s investor service, an international rating agency, as saying that the Argentine economy is expected to contract by 5% in 2024, far more than the 25% forecast in November 2023. In terms of inflation, Argentina’s inflation rate is expected to exceed 280% in 2024 and still exceed 220% in 2025. (source: Xinhua)

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According to a report by Singapore’s Lianhe Zaobao on March 14, North Korean leader Kim Jong-un visited and guided a military training involving tank troops on the 13th.

Reports said that Kim Jong-un was very satisfied with the attack power demonstrated by the new main battle tank in its first appearance in this training match.

According to the report, this military activity aims to strictly test the actual combat capabilities of tank crew members and familiarize them with the combat methods of different tactical tasks.

According to a report by the KCNA News Agency on the 14th, heavy tanks quickly shuttled through various harshest combat environments, hit the target in one fell swoop with strong strike power, and broke through the solid defense line with high mobility.

KCNA said that Kim Jong-un also personally drove a new tank during the training competition of the tank troops that day to check the actual combat capabilities of the tank troops.

Reported that Kim Jong-un called it the most powerful tank in the world and expressed satisfaction with its strike capabilities and mobility. Kim Jong-un emphasized the need to organize high-intensity exercises and training competitions that simulate actual combat, and proposed the important task of improving war preparations.

Yonhap said on the 14th that Kim Jong-un’s inspection came as Seoul and Washington were holding the annual Freedom Shield exercise to strengthen deterrence against North Korea’s nuclear and missile threats.

The report said Pyongyang has long condemned joint military exercises between Seoul and Washington as a rehearsal for invasion and used them as an excuse for provocation.

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On May 14, Foreign Ministry Spokesperson Wang Wenbin held a regular press conference.

A reporter asked, China has just released the news that Russian President Vladimir Putin will pay a state visit to China. Can the spokesperson introduce in detail the relevant arrangements for this visit and what expectations does China have for President Putin’s visit?

Wang Wenbin introduced that at the invitation of President Xi Jinping, Russian President Vladimir Putin will pay his first state visit to China since starting his new term from May 16 to 17. During the visit, President Xi Jinping will exchange views with President Putin on bilateral relations and cooperation in various fields and international and regional issues of common concern in the context of the 75th anniversary of the establishment of diplomatic relations between China and Russia. We will release the details of this visit in a timely manner. (Reporter Zhou Jingwei)

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According to a report by TASS on July 16, a senior Republican official attending the Republican National Convention told TASS reporters that Trump was prepared to hold a dialogue with Russian President Vladimir Putin on resolving the Russia-Ukraine conflict without any middleman.

The report said that when answering a question about whether Republican presidential candidate Trump was prepared to start a dialogue with Putin on the Ukraine issue, the senior Republican Party official stressed: There is no doubt that he will start a dialogue with Putin, and there will be no middleman.

He said: Right now, the Democratic Party is not engaged in any negotiations with Russia. Of course, one person should start negotiations so that you (Russia and Ukraine) can reach some kind of agreement. When asked if the person was Trump, he gave an affirmative answer.

The senior Republican official believes that NATO should not appear in Ukraine and that the conflict should be resolved through negotiations. He said: NATO should not be present in Ukraine. There is a need for dialogue, and if dialogue opens, we can reach an agreement on how to resolve the (Ukraine) conflict.

According to reports, Russian Presidential Press Secretary Peskov emphasized that Russia remains open to any dialogue on Ukraine issues, including dialogue involving intermediaries, provided that Russia’s own goals must be achieved. On June 14, Russian President Vladimir Putin proposed conditions for mediating the situation in Ukraine, including the withdrawal of Ukrainian troops from places such as Donbas and Zaporozhye, and Kiev’s abandonment of joining NATO. In addition, Russia believes that the West should lift all sanctions against Russia and establish Ukraine’s non-aligned and non-nuclear status. (Compiled by Zhu Lifeng)

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According to a report by the Russian News Agency on March 20, Russian law enforcement sources revealed that a man was sentenced and expelled from Russian citizenship by the Krasnodar District Court for spreading military-related rumors.

Reports said that in July 2023, Russian Alexander Somryakov was sentenced to six years in prison for deliberately spreading false information about the Russian army. The man posted a post on social networks about Russian troops suspected of committing crimes in Mariupol and other places.

Somryakov pleaded guilty to some facts at a trial in July last year, saying he knew that the information released was false. But he wanted the information to be tried by the public and to attract traffic.

The report pointed out that before this, there had been no cases of convictions and revocation of citizenship in Russia under the Criminal Code.

In October 2023, the “The Russian Federation Citizenship Law” came into effect, which includes a system of cancellation of nationality. Offences against public and personal security are one of the grounds for being convicted of revocation of nationality. At the same time, the decision to revoke nationality is not affected by the time of the crime, the date of sentence and the date of naturalization. (Compiled by Li Ran)

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According to Japan’s “Daily News” reported on March 19, Japan’s scallop exports have fallen into a difficult situation.

The report said that due to China’s long-term suspension of importing Japanese aquatic products, Japanese scallops are facing a difficult situation. Despite the efforts of the government and aquatic industry operators to expand export markets, Hokkaido, which accounts for 80% of Japan’s scallop production, has nowhere to export.

We plan to send Japanese companies to your country to inspect new scallop processing sites and hope to get the support of the minister. On March 1, Japanese Minister of Agriculture, Forestry and Fisheries Tetsuki Sakamoto raised the above hopes when he met with Mexican Minister of Agriculture and Rural Development Villalobos, who was on a visit.

The Japanese government is also looking for opportunities in Southeast Asia. In addition to exploring the possibility of establishing scallop processing sites in Vietnam and other countries, on February 19, Tetsushi Sakamoto also invited ambassadors to Japan from six ASEAN countries including Thailand to visit Toyosu Market in Jiangdong District, Tokyo to vigorously promote Japanese scallops.

Japan’s Ministry of Agriculture, Forestry and Fisheries stated that China has previously been Japan’s largest export destination of aquatic products, and scallop exports to China ranked first among all categories with 48.9 billion yen in 2022. Nearly half (1.43 million tons) of Japanese scallops exported overseas are sold to China. Among the 960,000 tons of shelled frozen scallops, 30,000 to 40,000 tons are processed in China and then exported to the United States.

However, in 2023, affected by the discharge of Japan’s nuclear-treated water into the sea, China dropped to third place in Japan’s aquatic products exports, and scallop exports to China dropped sharply by 44%. Even if Japan wants to process its own exports, it is limited by a shortage of manpower, and the United States does not allow the import of scallops with shells, causing scallop exports to be in trouble.

However, setting up a separate scallop processing site is not easy. In January this year, when the Japan External Trade Organization led a number of Japanese companies to inspect factories in Vietnam, they encountered a practical problem: how to process scallops that Americans like. According to reports, Americans like to use scallops to make teppanyaki, and the scallops are roasted. The volume will shrink, and Chinese companies have developed special technology to make them smaller and still meet the needs of American consumers. But the technology of Japanese and Vietnamese companies is not yet up to it.

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Seoul, March 19. According to a report by the Korean Central News Agency on the 19th, Kim Jong-un, General Secretary of the Workers ‘Party of Korea and Chairman of the State Councilor, directed artillery units in the western region to conduct ultra-large rocket fire training on the 18th.

KCNA said that this is the first time that the country’s artillery units have used this ultra-large rocket with a caliber of 600 mm to conduct salvo training on a company basis. The purpose is to confirm the power and actual combat capabilities of the weapon system, and to check and improve the artillery units ‘combat mobilization status. After the company’s salvo, it also conducted an aerial explosion simulation test of the rocket at a predetermined altitude above the target.

The report said that Kim Jong-un said that overwhelming military force should be used as a force to completely eliminate the possibility of armed conflict and war. He emphasized that this ultra-large rocket gun plays an important role in war preparations, and requested that the modernization of artillery continue to be vigorously promoted around it.

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According to Bloomberg News reported on May 20, copper prices soared to their highest level in history, continuing their months-long rally. The rally was driven by financial investors who poured into the market amid predictions that supply shortages would intensify.

Copper futures prices on the London Metal Exchange rose more than 4%. Copper prices topped US$110,000 a tonne for the first time, but gave up some of their gains in afternoon trading.

For months, banks, mining and investment funds have been touting copper’s bright long-term prospects. In the past few weeks, investment has poured into the market.

Several developments in 2024 have emboldened copper bulls and attracted more and more speculative funds. Rumors are rampant that tight supply of copper ore has caused smelters to cut production. Investors predict that a surge in copper use in fast-growing sectors such as electric vehicles, renewable energy and artificial intelligence will offset the drag caused by traditional industries such as construction.

In early April, copper prices began to rise. Last week, a short squeeze on the New York futures market triggered a global rush to buy copper, and copper prices rose into overdrive.

Investors, traders and mining executives have been warning for years that the world will face severe copper shortages as demand for green industries surges.

However, many people involved in physical transactions warn that copper prices are outperforming reality. Demand remains relatively tepid, especially in China, the largest buyer, where inventory levels remain high and suppliers of copper wire and rod have been cutting production.

Since the beginning of this year, copper prices have risen by more than a quarter, leading the overall increase in major industrial metals. Like copper, gold prices also rose to record levels. Both metals are supported by optimism that the Federal Reserve will start cutting interest rates this year. (Compiled by Qiu Fang)

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