China: Zhang Xiaoming was dismissed from the CPPCC as deputy secretary general.
Zhang Xiaoming, a senior Chinese official, has lost his job as the Chinese People's Political Consultative Conference's deputy secretary general. It is the principal political advisory body in the nation. In 2022, he was named Deputy Secretary General of the nation's highest political advisory body. The political body's two-day meeting concluded with the announcement of the decision. Watch to find out more!
China's market collapse of $6 trillion | World Business Watch With the value of Chinese and Hong Kong equities dropping by $6 trillion from their peak in February 2021, China's stock markets are in free fall. According to reports, the government is considering requiring banks to sell dollars, intervene directly in the stock market, and create a $282 billion fund to stabilize it.
Following Taiwan's presidential elections, Chinese balloons over Taiwan have been spotted recently. Fresh reports of balloon sightings follow Taiwan's presidential election results. One balloon soars near Pingtung County, while five balloons are near Keelung City. China has not ruled out using force in Taiwan. See to learn more!
Florida social media ban: The governor enacts legislation limiting minors' access
If a bill signed by Republican Florida Governor Ron DeSantis on Monday passes and withstands anticipated legal challenges, Florida would have one of the nation's strictest social media bans for minors. Children under 14 will not be allowed to have social media accounts, while children between 14 and 15 will need parental consent. It differed slightly from a proposal DeSantis vetoed a week before the annual legislative session ended earlier this month.
Switzerland's National Bank lowers its surprise rate.
Different monetary policy strategies are being used by central banks around the globe to combat inflationary pressures. The first significant central bank in the developed world to lower interest rates this cycle was the Swiss National Bank (SN. It seems that a more substantial decline in inflation than anticipated is the main cause of the SNB's movement.
Alibaba's US Shares Drop as Weak Core Business Offsets Buyback
After the Chinese internet giant announced lower-than-expected sales, Alibaba Group Holding Ltd. shares dropped in US trading. Catherine Lim of Bloomberg Intelligence discusses her thoughts on the findings. She is a speaker on Bloomberg Television.
UK Royal Navy & Indian Navy to conduct exercise in the Pacific Ocean in 2025
Plans include sending the Carrier Strike Group for combined training in 2025 and the well-prepared Littoral Response Group from the UK to the Indian Ocean region in 2024. They will both go to India and work together with the military there. Deploying the UK's most advanced naval assets is a big step toward improving security cooperation between the UK and India.
Report from South Korea: Hereditary succession is criticized by North Koreans A previously confidential report outlining the actual socioeconomic circumstances in North Korea was made public by the Unification Ministry of South Korea. The survey data used in the publication comes from interviews with more than 6,000 North Korean defectors. The study emphasizes dissatisfaction with Pyongyang's system of hereditary control as well as negative opinions of Kim Jong Un, the leader of North Korea. Eunice Kim of Al Jazeera reports from Seoul.
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Russia uses the North Korean missile known as the Kharkiv Missile, which is 75% American-made.
It is evident Pyongyang is trying to get around sanctions on parts, as several hundred pieces from a North Korean missile that Russia had used and discovered in Ukraine could be bought from outside companies.
California academics strike in solidarity with pro-Palestinian protests.
Students working at various California universities are on strike. They claim administrators broke their union contracts by calling in police to crush Gaza solidarity marches.
Poland: Destructive buildings, blocked roads, and five fatalities due to strong winds
Strong gusts that reached a speed of 155 km/h tore over southern Poland, killing at least five people with fallen trees. Keep an eye out for additional information!
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