KEY POINTS
-A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar
-His remarks come ahead of a BRICS summit to be held in August in South Africa
-Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar
India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.
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US President Biden: Relations With Vietnam Have 'Entered a New Stage'
HANOI (Reuters) - United States President Joe Biden said on Monday that his country's relations with Vietnam had "entered a new stage".
Speaking at a business forum during a state visit to the Southeast Asian country, Biden said the two nations were deepening cooperation on cloud computing, semiconductors, artificial intelligence.
since Biden declare "democracy vs autocracy", 10 African countries have moved to autocracy and kick out american and French ambassadors. the last 2 being Niger and Gabon.
Western leaders concede on condemning Russia for Ukraine War, as G20 summit agrees on joint declaration
Key points: -The joint statement called for upholding territorial sovereignty, humanitarian law, and peace and stability -Indian Prime Minister Narendra Modi implored the "world to come together" -The African Union, a group of 55 countries, will become a permanent member of the G20
G20: EU and US back trade corridor linking Europe, Middle East and India
The US and the EU have backed an ambitious plan to build an economic corridor linking Europe with the Middle East and India via rail and sea, a project the US president, Joe Biden, described as a “really big deal”.
G7+India+Middle East +EU forming strong and solid alliance. This is the easiest and cheapest way to link the alliance.
The trade corridor linking Europe, Middle East and India has many potential benefits for the participating countries and regions. Some of the benefits are:
-It could boost trade by making it faster and cheaper to transport goods and services across the regions. According to the Guardian1, the project could speed up trade between India and Europe by 40%. -It could enhance connectivity by building infrastructure such as railways, ports, undersea cables, energy grids and telecommunication lines. This would improve access to electricity, clean energy, Internet and digital services for millions of people. -It could promote cooperation by fostering regional integration and dialogue among countries that have different political and cultural backgrounds. The project could also help normalise relations between Israel and the Gulf states, which the Biden administration has been pushing for. -It could stimulate economic growth by unlocking new investments from partners, including the private sector, and creating quality jobs. The project could also spur innovation in advanced clean energy technology and strengthen food security and supply chains.
The planned corridor would link India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the EU through shipping ports and rail routes, in an effort to make trade quicker and cheaper and to boost economic cooperation and digital connectivity across the region.
China will never be hegemon, and it is not in China DNA to be a hegemon. If India, Saudi, and anyone can prosper, China will also wish them success and China will not interfere in the internal affairs of others.
even in the BRI , China never put a gun to anyone's head and say join or I shoot. Its always the decision of relevant countries. And the BRI projects are on requests of the relevant countries.
The planned corridor would link India, Saudi Arabia, the United Arab Emirates, Jordan, Israel and the EU through shipping ports and rail routes, in an effort to make trade quicker and cheaper and to boost economic cooperation and digital connectivity across the region.
Those who absence because he knew nothing he could do about it, strong and solid alliance against evil alliance.
After foreign minister, why China’s Defence Minister Li Shangfu is speculated to be ‘missing’ The claims have gained traction also because of some other recent events in China: the disappearance of ex-Foreign Affairs Minister Qin Gang and the demotion of two Rocket Force Commanders without much information. With Chinese Defence Minister Li Shangfu not spotted publicly in the past two weeks, and a recent statement from President Xi Jinping about the need for “unity” within the military, speculations have been raised over Li’s possible removal, reported Bloomberg.
Only happen in CCP, ministers and top officers keep on missing worse than 3rd world country. Lol.
EUROPE POLITICS European Union launches anti-subsidy probe into Chinese EVs
-Speaking at her annual State of the Union address at the European Parliament in Strasbourg, she said the commission is launching an “anti-subsidy investigation into electric vehicles coming from China.” -“Europe is open to competition but not for a race to the bottom,” she said. -The unexpected announcement marks yet another bump in the road for EU-China relations.
When Europe has advantage they talk about free trade. When they don't have advantage there will be no free trade....they will try to protect their car industry
Corrupted CCP will make America great again. There are countless such examples. For them, "anti-americanism is work, and going to United State is life".
Corrupted CCP will make America great again. There are countless such examples. For them, "anti-americanism is work, and going to United State is life".
CCP EV set up plants in EU will only cause the jobless rate higher.
China car sales return to growth in Aug, Tesla nearly doubles EV share Buoyed by hefty discounts, Tesla's share of China's electric vehicle (EV) market almost doubled in August to 13.2 percent from 7.5 percent in July, according to Reuters calculations based on the CPCA data.
Tesla sold 64,694 cars in China in August, the data showed, while deliveries of its China-made Model Y hit 65,316 last month, topping the CPCA passenger vehicle model sales.
How many CCP EV car manufacturers could survive after Tesla slash price ?
China has the most competitive and also most innovative EV players in the world. In the top 20 EV models there is only Tesla and China and no model from the legacy car companies
With the possibility of opening new accessible markets, Tesla’s TSLA supercomputer, Dojo could boost its market capitalization by nearly $600 billion.
According to Morgan Stanley analyst, Adam Jonas, the supercomputer used to train AI models for automatic cars could give Tesla the worlds largest electric vehicle (EV) manufacturer, an “asymmetric advantage”, resulting in 76% growth in market value, as quoted on Reuters.
CCP EV has no match. By the way CCP could claim that CCP owns Tesla as long as they happy. Lol.
With the possibility of opening new accessible markets, Tesla’s TSLA supercomputer, Dojo could boost its market capitalization by nearly $600 billion.
According to Morgan Stanley analyst, Adam Jonas, the supercomputer used to train AI models for automatic cars could give Tesla the worlds largest electric vehicle (EV) manufacturer, an “asymmetric advantage”, resulting in 76% growth in market value, as quoted on Reuters.
CCP EV has no match. By the way CCP could claim that CCP owns Tesla as long as they happy. Lol.
CCP and its supporters never realised the development of traditional car markers in Europe. They just a cheap kampung champion. Take a chance to visit EU car exhibition and open their eyes. Lol.
DBS chief says China pessimism not 'overdone' but upbeat about India prospects SINGAPORE: DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India, where the bank plans to triple its business in the next five years.
"There's some real headwinds in China in the short-term", he told a Reuters Newsmaker event in Singapore, noting the crisis in its debt-ridden property sector.
"The real estate sector overhang is material, and it's not easy to clean up."
Huawei P60 Mate Pro is very "hot" now. Yes, it is very hot due to high power consumption It was 5 years ago TSMC old technology using N+2 from 14 nm by using DUV lithography systems . The efficiency less than 10%, as such, it was very costly and less productivity. Only CCP fools paying RM 5000 for 3 years old handphone.
SK Hynix Investigating Use of Its Chips in New Huawei Phone -Korean maker says it hasn’t worked with Huawei since sanctions -Mate 60 Pro handset uses Hynix memory and flash storage chips
Silly fool should buy for collection and pass on to grandson, However, silly oversea CCP supporters will not able to buy due to low productivity. Lol.
Volkswagen Group’s electric transition is continuing at a good pace. Its pure electric (BEV) sales were up nearly 50% in the first six months of 2023 compared to the first six months of 2022. They grew from 217,200 to 321,600. Furthermore, there are another 200,000 or so BEV orders on the books just in Western Europe.
Reaching 321,600 deliveries in the first half of the year, that was 7.4% of Volkswagen Group’s overall vehicle deliveries. That’s an increase from the company’s 5.6% figure for the first half of 2022.
While Tesla is known to be the world leader in BEV sales (and #2 behind BYD in plugin vehicle sales), Volkswagen Group is actually #1 in BEV sales in Europe. Furthermore, the company’s sales growth in Europe even surpassed its sales growth worldwide. Sales grew from 128,900 in the first half of 2022 to 217,100 in the first half of 2023, which is 68% growth (compared to 50% growth worldwide).
Only silly fools think that EV is rocket science. With high import tax imposed in EU and Tesla selling price slash, how many CCP EV makers could survive ?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by IDQWE001 > 2023-07-18 09:23 | Report Abuse
KEY POINTS -A new BRICS currency is currently not on the agenda, said India's Foreign Minister S. Jaishankar -His remarks come ahead of a BRICS summit to be held in August in South Africa -Brazil and South Africa's leaders recently made statements about an alternative to the U.S. dollar India has shut down speculation in recent weeks that the BRICS nations were planning a common currency to derisk their economies from the kind of devastating sanctions that the United States has levied on Russia and other countries by leveraging the greenback's global dominance.