News

1. CEO of the US chip giants or persuading Biden to abandon export restrictions
A person familiar with the matter said that in order to prevent the US government from imposing new restrictions on chip exports, the chief executives of the three US chip giants Intel, Qualcomm and Nvidia planned to go to Washington next week to persuade the Biden government.

2. Regarding North Korea, the United States, Japan, and South Korea are once again taking joint action
The Republic of Korea Navy said that the United States, South Korea and Japan conducted a three-way missile defense exercise in the eastern waters of the Korean Peninsula on July 16. The exercise assumes that North Korea launched a ballistic missile, and the armed forces of the three countries focused on the process of discovering and tracking the hypothetical ballistic missile, and conducted information sharing. An officer of the Republic of Korea Navy said that the exercise provided an opportunity to improve the capability of the South Korean army to deal with ballistic missiles and enhanced security cooperation among the United States, South Korea and Japan.

3. rainstorm in South Korea has killed 35 people and left 10 missing. rainstorm continues in central and southern areas
According to the South Korean Central Disaster Safety Countermeasures Headquarters and the fire department on the 16th, as of 11:00 on the same day, 35 people were killed and 10 people were missing in South Korea after four consecutive days of rainstorm.

4. Expected economic growth of 4.3% in Cameroon in 2024
The Cameroon Tribune reported on July 6 that the Cameroonian Parliament began to review the 2024-2026 Economic and Budget Plan Document submitted by the government. The document predicts that the Kazakh economy will grow by 4.3% and inflation rate will be 3% in 2024. From 2025 to 2026, the economic growth of Kazakhstan will accelerate to 5.1%, and the inflation rate will fall back to 2.3%.

5. New EU regulations regulate the development of the battery industry
The European Council has recently introduced a new regulation aimed at strengthening the management of batteries and waste batteries, regulating the entire lifecycle of batteries from production to recycling and reuse, in order to promote a circular economy. Analysis suggests that the new regulations will enhance the competitiveness of European industries, ensure the sustainability of new batteries, and contribute to green transformation. In addition, this regulation to some extent means that Germany will usher in new business opportunities in the battery industry.

6. Russia’s foreign debt has dropped to its lowest level since 2006
The website of the Central Bank of Russia released a report on the 13th, saying that as of July 1, 2023, Russia’s total foreign debt was $347.7 billion, falling to the lowest level since 2006. According to statistics from the Russian Central Bank, Russia’s foreign debt was $313.2 billion in 2006, and increased to $355.6 billion in the first quarter of 2007.

7. It’s really rare! More than 30000 types of food in Japan will experience price increases this year
According to a survey released by Imperial Japanese Database on the 12th, it is expected that the prices of over 30000 types of food in Japan will increase throughout the year. According to the report, “the price of more than 30000 kinds of commodities in the food field has risen in one year, which is rare in the 30 years after the collapse of Japanese asset price bubble”.Malaysia hopes to attract over 16 million foreign tourists this year
On the evening of the 14th, Malaysia’s Deputy Prime Minister and Minister of Rural and Regional Development, Zahid, stated that he hopes to attract 16.1 million foreign tourists to Malaysia this year, creating approximately 49 billion ringgit (approximately 4.53 ringgit) in tourism revenue for the country.

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