Global news

-

 Here are some of the latest global news highlights:

 Politics and International Relations

 China's Trade Advocacy: President Xi Jinping met with over 40 global CEOs in Beijing, emphasizing China's commitment to protecting the international trade system amidst escalating global trade tensions, particularly with the U.S. He criticized the "weaponization" of trade by certain countries and highlighted the need for stability in global industrial chains. 

 UK Immigration Policies: Home Secretary Yvette Cooper revealed that approximately 10,000 asylum seekers, who initially entered the UK on work or student visas, are now residing in taxpayer-funded accommodations. This situation costs the Home Office £5.5 million daily. Cooper plans to introduce stricter eligibility checks to address this issue and reduce expenses. 

 South Korea-China Cooperation: Industry ministers from South Korea and China agreed to enhance bilateral cooperation in response to the evolving global trade environment. This collaboration aims to address challenges posed by recent international trade policies, including tariffs imposed by the U.S. 

 Economy and Trade

 Global Matcha Shortage: A significant increase in demand for matcha has led to an anticipated global shortage this spring. Production in Japan has risen substantially, with over half now exported internationally. Supply has been further constrained by new markets in Africa and the Middle East, particularly for cafe-quality matcha. U.S. Market Volatility: The reversal of the 'American exceptionalism' trade has led to global financial ripples. Foreign investors, who previously benefited from U.S. market dominance, are now facing losses due to market volatility, tariff uncertainties, and a depreciating dollar. This situation highlights the dangers of heavily relying on investments from the United States. Energy and Environment

 Renewable Energy Costs: An article challenges the notion that wind and solar power are the cheapest energy sources. It argues that while their marginal costs are low during peak output, the overall system costs, including backup from fossil fuels and energy storage infrastructure, contribute to higher electricity prices in countries with significant renewable adoption. 


Comments

Post a Comment

Popular posts from this blog

TRUMP RECIPROCAL TARRIF

-
Image
  TRUMP RECIPROCAL TARRIF  File photo Trump's import tariffs and tariffs on tariffs () apply to former U.S. President Donald Trump will not hold office from 2017 to 2021. The tariffs, which are primarily aimed at China, the European Union, Canada, Mexico, and other countries, are very significant. Highlights of Trump's Tariffs:   Key tarrifs under Trump  1.  War on China's Trade (2018-2019) China will pay $360 billion as a result of Trump's tariffs. Unfair trade practices and theft of intellectual property are two of China's most pressing issues. China will not impose retaliatory tariffs on American goods.  2.  Tariffs on Aluminum and Steel Trump has placed a 25% tariff on steel and a 10% tariff on aluminum imports. India, the European Union, Canada, and Mexico are all affected.  3.  Dhamki Tariffs for Autos When it comes to tariffs on European automobiles, Trump has stated that "pura nahi hua."  4.  Accord with the USMCA Trump say...
Read more

GLOBAL NEWS HUNT

-
Image
TODAY'S THE HEADLINES **†*†********************†******†************* 1. Middle East Tensions Escalate After Israeli Strike on Iranian Embassy in Syria    - Iran has vowed retaliation after an Israeli airstrike destroyed part of its embassy in Damascus, killing several senior Iranian military officials.      - The U.S. and EU are urging de-escalation, fearing a wider regional conflict involving Hezbollah and Yemen’s Houthis.   * 2. Ukraine War: Russia Intensifies Offensive Ahead of Western Aid Arrival    - Russian forces are pushing hard in eastern Ukraine, attempting to seize more territory before U.S. and European military aid reaches the front lines.      - Ukraine reports heavy fighting near Avdiivka and Chasiv Yar, with ammunition shortages still a critical issue.   3. Taiwan Earthquake Death Toll Rises; Rescue Efforts Continue    - The death toll from Taiwan’s 7.4-magnitude earthquake has surp...
Read more

FLY AGAIN ON THE STARLINER

-
Image
  FLYING ON  STARLINER AGAIN  Photo : Boing During a NASA post-flight news conference on March 31, the two astronauts and Crew-9 commander Nick Hague responded to questions. After more than nine months in space, this was their first news conference on Earth. Both astronauts stated that they would fly again on the Starliner and accepted some responsibility for the mission's mishaps . Photo Boing  Butch Wilmore and Suni Williams, two astronauts from NASA, recently completed a lengthy nine-month mission aboard the International Space Station (ISS), during which they evaluated the Starliner spacecraft manufactured by Boeing. Both astronauts have expressed confidence in the Starliner's future and expressed their willingness to fly it again, despite encountering technical issues such as helium leaks and malfunctioning thrusters that extended their mission. NASA is actively addressing these technical difficulties together with Boeing. The propulsion system of Starliner will...
Read more