➡️ On Monday, the PLA Eastern Theater Command is dispatching its troops of army, navy, air force and rocket force to conduct joint military drills code-named “Joint Sword-2024B” in the Taiwan Straits and areas to the north, south and east of Taiwan island.➡️ With vessels and aircraft approaching Taiwan island in close proximity from different directions, troops of multiple services engage in joint drills, focusing on subjects of sea-air combat-readiness patrol, blockade on key ports and areas, assault on maritime and ground targets, as well as joint seizure of comprehensive superiority, so as to test the joint operations capabilities of the theater command’s troops.➡️ The drill also serves as a stern warning to the separatist acts of “Taiwan Independence” forces. It is a legitimate and necessary operation for safeguarding state sovereignty and national unity, Senior Captain Li Xi, spokesperson of the PLA Eastern Theater Command, said in a statement
🔗 Global Times (@globaltimesnews)
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The scope of deterrence in the PLA's Monday exercise has expanded, and the drill is moving closer to Taiwan island in comparison to the previous ones, especially with China Coast Guard vessels conducting patrol and control operations around the island, achieving successive new breakthroughs, said Zhang Chi, a professor at the PLA National Defense University
🔗 Global Times (@globaltimesnews)
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PLA Eastern Theater Command has announced joint military exercises in the surrounding waters and airspace near Taiwan.
ROC Armed Forces strongly condemn the PLA’s irrational and provocative actions and will deploy appropriate forces to respond and defend our national sovereignty.
🔗 國防部 Ministry of National Defense, ROC(Taiwan) 🇹🇼 (@MoNDefense)
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25 PLA aircraft, 7 PLAN vessels and 4 official ship operating around Taiwan were detected up until 8 a.m. (UTC+8) today.
16 of the aircraft crossed the median line and entered Taiwan’s southwestern and eastern ADIZ. We have monitored the situation and responded accordingly.
🔗 國防部 Ministry of National Defense, ROC(Taiwan) 🇹🇼 (@MoNDefense)
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The PLA Eastern Theater Command launched the "Joint Sword-2024B" drills around Taiwan island on Monday.
🔗 Global Times (@globaltimesnews)
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The Republic of China Navy deployed HF-2 anti-ship missiles of the 4th Company of the Hai Feng Brigade to the Port of Hualien, eastern Taiwan.
The port is targeted by China as a part of EXERCISE JOINT SWORD 2024-B.
(Liberty Times)
🔗 Taiwan Defense News Tracker 🇹🇼 (@TaiwansDefense)
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Republic of China Air Force F-CK-1s conducted combat air patrol missions from Taitung Air Base with live ammunition.
The 619th Battalion of the Air Force Air Defense and Missile Command, operating TK-3, are placed on alert, sources say.
(United Daily News)
🔗 Taiwan Defense News Tracker 🇹🇼 (@TaiwansDefense)
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Forwarded from Disclose.tv
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NEW - Kamala Harris celebrates Columbus Day by disavowing the people who created the United States: "European explorers... ushered in a wave of devastation for tribal nations. Perpetrating violence, stealing land, and spreading disease."
@disclosetv
@disclosetv
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In Statement, it said:
The United States is seriously concerned by the People’s Liberation Army joint military drills in the Taiwan Strait and around Taiwan. The PRC response with military provocations to a routine annual speech is unwarranted and risks escalation.
We call on the PRC to act with restraint and to avoid any further actions that may undermine peace and stability across the Taiwan Strait and in the broader region, which is essential to regional peace and prosperity and a matter of international concern. We continue to monitor PRC activities and coordinate with allies and partners regarding our shared concerns.
The United States remains committed to its longstanding one China policy, guided by the Taiwan Relations Act, the three Joint Communiqués, and the Six Assurances.
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Forwarded from /CIG/ Telegram | Counter Intelligence Global (Jean Birreau)
🇲🇽 ❌ 🥑 🚙 — Mexico faces broad labor shortage, starts pilot program for migrant workers
🔶 A study by the Employers' Confederation of Mexico (COPARMEX) found that 75% of employers in Mexico say they are struggling to find workers.
🔶 For decades, Mexicans crossed the border to pick Americans’ lettuce, grapes and strawberries - but now the country is running short of farmworkers.
🔶 The workforce in agriculture in particular is graying fast; nearly three-quarters of Mexican campesinos are over 45. Young people are turning up their noses at farm jobs. And those willing to do migrant work have other options.
🔶 The U.S. appetite for made-in-Mexico goods, from avocados to automobiles to airplane parts, is growing so fast that it’s straining the workforce that produces them.
🔶 The problem is particularly acute in agriculture. The companies that put berries on Americans’ tables, such as Driscoll’s and Naturipe Farms, work with growers on both sides of the border, taking advantage of different harvest seasons.
🔶 But in Mexico, the farms are competing with manufacturers for workers. In a land once known for cheap, abundant labor, business groups say job vacancies could top 1 million.
🔶 In a once-unthinkable move, Mexican farmers are now calling for a major guest-worker program of their own. The government is taking the first step, planning to soon open a database of 14,000 jobs in agriculture and other sectors to non-Mexicans.
🔶 While wages here remain well below U.S. levels, employers hope some migrants might be willing to swap the American Dream for a Mexican one.
🔶 Mexican farmers say the exodus has compounded a labor shortage caused by the country’s declining birthrate and competition from other industries. They’re 10 to 15 percent below the number of crop pickers they need for the spring harvest.
🔶 Mexican employers have had to offer better conditions to attract workers. Harvesters’ salaries have been hiked up to 100 percent in the past few years.
🔶 Mexico has long recruited Guatemalan guest workers to help pick coffee beans in southern Chiapas state. But now authorities are crafting a broader program.
🔶 A new pilot program would allow migrants and people living abroad to apply for visas to fill jobs in Mexico.
🔶 The labor shortage is having a significant impact on not only agriculture, but businesses across all sectors, including manufacturing, wholesale trade, electricity, water, and gas.
🔶 Earlier this year, Toyota was forced to repeatedly halt production at a Mexico plant after local labour shortages snarled output at suppliers.
🔶 Delays have prompted the automaker to postpone the start of production of electric vehicles in the United States by six months to around June 2026.
🔗 Archive
🔶 A study by the Employers' Confederation of Mexico (COPARMEX) found that 75% of employers in Mexico say they are struggling to find workers.
🔶 For decades, Mexicans crossed the border to pick Americans’ lettuce, grapes and strawberries - but now the country is running short of farmworkers.
🔶 The workforce in agriculture in particular is graying fast; nearly three-quarters of Mexican campesinos are over 45. Young people are turning up their noses at farm jobs. And those willing to do migrant work have other options.
🔶 The U.S. appetite for made-in-Mexico goods, from avocados to automobiles to airplane parts, is growing so fast that it’s straining the workforce that produces them.
🔶 The problem is particularly acute in agriculture. The companies that put berries on Americans’ tables, such as Driscoll’s and Naturipe Farms, work with growers on both sides of the border, taking advantage of different harvest seasons.
🔶 But in Mexico, the farms are competing with manufacturers for workers. In a land once known for cheap, abundant labor, business groups say job vacancies could top 1 million.
🔶 In a once-unthinkable move, Mexican farmers are now calling for a major guest-worker program of their own. The government is taking the first step, planning to soon open a database of 14,000 jobs in agriculture and other sectors to non-Mexicans.
🔶 While wages here remain well below U.S. levels, employers hope some migrants might be willing to swap the American Dream for a Mexican one.
“We’re talking about Mexico having 1.5 million unfilled job openings,” said Giovanni Lepri, the Mexico representative for the Office of the U.N. High Commissioner for Refugees. “People in search of a better life could fill at least part of that.”
🔶 Mexican farmers say the exodus has compounded a labor shortage caused by the country’s declining birthrate and competition from other industries. They’re 10 to 15 percent below the number of crop pickers they need for the spring harvest.
“Mexico has to think seriously about what to do about workers,” said Juan Cortina, president of the National Agricultural Council, which represents farm producers. “We need temporary work visas for our neighbors to the south.”
🔶 Mexican employers have had to offer better conditions to attract workers. Harvesters’ salaries have been hiked up to 100 percent in the past few years.
🔶 Mexico has long recruited Guatemalan guest workers to help pick coffee beans in southern Chiapas state. But now authorities are crafting a broader program.
🔶 A new pilot program would allow migrants and people living abroad to apply for visas to fill jobs in Mexico.
🔶 The labor shortage is having a significant impact on not only agriculture, but businesses across all sectors, including manufacturing, wholesale trade, electricity, water, and gas.
🔶 Earlier this year, Toyota was forced to repeatedly halt production at a Mexico plant after local labour shortages snarled output at suppliers.
🔶 Delays have prompted the automaker to postpone the start of production of electric vehicles in the United States by six months to around June 2026.
🔗 Archive
Mexico Business
Mexico's Labor Shortage: What Does it Mean for Wholesalers?
Mexico’s labor shortage is making it hard for businesses to find new staff, leading to longer wait times for customers.
China plans to issue CNY 6 trillion in Treasury Bonds over three years, with a portion of the funds helping local governments manage off-the-books debts.
China's Vice Finance Minister emphasized promoting stability in the property market and expanding the scope of local government debt usage, aiming to issue CNY 1 trillion in special treasury bonds by 2024. This seems much higher than expectations although what "portion" comes to is ambiguous.
https://www.forexlive.com/news/china-announces-cny-6t-treasury-bond-plan-to-support-local-debt-property-mkt-stability-20241014/
@FelipeChannel
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Forexlive
China Announces CNY 6T treasury bond plan to support local debt & property mkt stability
China announces a CNY 6 trillion Treasury Bond plan over three years to aid local debt management and stabilize the property market, with a focus on special bonds by 2024.
Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
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Forwarded from Tupi Report 🇧🇷 • #FreeVenezuela
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Germany is suffering a mild recession and output across the whole of 2024 will be flat, according to a Bloomberg survey — underscoring the malaise in Europe’s largest economy.
Analysts in the poll see gross domestic product shrinking 0.1% in the third quarter, following a surprise contraction of that magnitude in the second. A month ago, they still forecast stagnation between July and September.
Their full-year projection also marks a downward revision from the 0.1% expansion previously envisioned. But it’s a tad more optimistic than the government, which last week slashed its forecast to a contraction of 0.2%.
Germany’s struggles are once again in the spotlight, with retrenchment by some of its top industrial firms adding to the gloom. The weakness is largely down to the cutoff of Russian energy supplies, disappointing export demand from China, problems among carmakers and a dearth of skilled workers.
A contraction in 2024 would be only the second time GDP declined in consecutive years since West and East Germany were reunified in 1990. In 2023, Germany was the only Group of Seven economy to shrink, by 0.3%.
https://finance.yahoo.com/news/german-economy-recession-no-more-040000955.html
https://www.bloomberg.com/news/articles/2024-10-14/german-economy-in-recession-with-no-more-growth-seen-in-2024
@FelipeChannel
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Tether Holdings Ltd is exploring lending to commodities trading companies as it looks at ways to deploy its billions of dollars in profits, a move that could shake up an industry typically reliant on traditional banks for credit.
The crypto company — which is the issuer of the world’s largest stablecoin, USDT — has discussed US dollar lending opportunities with several firms across the credit-hungry sector, according to people familiar with the matter who asked not to be identified discussing private conversations.
Tether’s meetings with traders have also included conversations about how its stablecoin, which has already gained traction as a way for traders and producers to avoid the dollar in countries like Venezuela and Russia that are subject to myriad US sanctions, might be used in more mainstream commodity trades, the people said.
Credit lines are the lifeblood of the commodity trading firms that move multimillion dollar cargoes of oil, metals and food around the world. While industry heavyweights have vast networks of lenders to tap — Trafigura Group had $77 billion of credit lines with about 150 institutions at the end of March — smaller players can struggle to access the funds they need to keep shipments moving.
https://finance.yahoo.com/news/crypto-company-tether-talking-commodity-153511103.html
@FelipeChannel
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Yahoo Finance
Crypto Company Tether Talking to Commodity Traders About Lending Them Its Billions
(Bloomberg) -- Tether Holdings Ltd is exploring lending to commodities trading companies as it looks at ways to deploy its billions of dollars in profits, a move that could shake up an industry typically reliant on traditional banks for credit.Most Read from…
Spanish Prime Minister Pedro Sánchez has called on the European Commission to take a stance on whether to suspend the European Union’s association agreement with Israel, just days after urging a halt to weapons sales to Israel.
“The European Commission must respond once and for all to the formal request made by two European countries to suspend the association agreement with Israel if it is found, as everything suggests, that human rights are being violated,” Sánchez told an event on Monday in Barcelona.
The comments refer to requests made by Spain and Ireland in February for an urgent review of the EU-Israel Association Agreement, over concerns that Israel has breached human rights obligations embedded in the pact.
The call from Sánchez adds to growing dissonance among member countries on what stance the EU should take on its trade ties with Israel. While Spain, Ireland and Belgium want to reopen the agreement and exert pressure on Israel through trade sanctions, countries such as Finland, Austria and Germany are more skeptical.
https://www.politico.eu/article/spains-sanchez-urges-brussels-to-suspend-trade-deal-with-israel/
@FelipeChannel
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POLITICO
Spain’s Sánchez urges Brussels to suspend trade deal with Israel – POLITICO
Spanish PM reiterates request made with Ireland to review association accord with Israel, after calling last week for a halt to arms exports.
FelipeChannel
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