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Blinken's Crucial Meeting in China: What's on the Agenda? U.S. Secretary of State Antony Blinken plans to meet with his Chinese counterpart, Wang Yi, who is the Director of the Central Foreign Affairs Office of the Communist Party (also serving as the Foreign Minister), in Beijing and Shanghai from the 24th to the 26th, the State Department announced on the 20th (local time). The […] -
Global Supply Chain Crisis: Tri-Nation Partnership Takes a Stand The United States, South Korea, and Japan have declared their intention to counteract the supply chain crisis caused by China’s overproduction and low-cost dumping in the electric vehicle and solar panel industries, among others, through a Reinforcing and Improving Sustainable Economies (RISE) partnership. On the 17th (local time), Choi Sang Mok, the Deputy Prime Minister […] -
North Korea Mocks U.S. Attempts to Restore Sanctions, Calls It 'Foolish Act' On the 15th, U.S. Ambassador to the United Nations, Thomas-Greenfield, met with President Yoon Suk Yeol during her visit to Korea. [Photo provided – Presidential Office] North Korea has scoffed at the U.S. attempt to restore the North Korea sanctions monitoring system, which is in crisis due to Russia’s veto, calling it a foolish act. […] -
Ukraine and Gaza: The Unexpected Swing States in the U.S. Presidential Race Trump stated that it could be possible to hand over some territory to Russia to expedite an end to the war in Ukraine Biden faces backlash from some voters regarding Israel The wars in Ukraine and the marched Strip are expected to influence the outcome of this year’s U.S. presidential election. According to an analysis […] -
Amsterdam's Battle with Overcrowding: No More New Hotels Amsterdam, one of Europe’s top tourist destinations, is grappling with a growing problem. The city, known for its legal prostitution and marijuana use, is seeing an increase in various incidents due to the influx of tourists attracted to these features. According to Reuters, Amsterdam, the capital of the Netherlands, announced on the 17th that it […] -
North Korea Fires Back: Mocks U.S. Ambassador's Visit to Asia Linda Thomas-Greenfield, U.S. Ambassador to the UN (center), and Paul LaCamera, UN Military Commander (second from left), visited Panmunjom on the 16th (Photo=SPN). North Korea mocked Linda Thomas-Greenfield, the U.S. Ambassador to the UN’s visit to South Korea and Japan, calling it a pathetic attempt to breathe life into the languishing sanctions against North Korea. […] -
Labor Market Stability: New Jobless Claims Unchanged at 212,000" The U.S. Department of Labor announced on the 18th (local time) that the number of new jobless claims last week (from the 7th to the 13th) was tallied at 212,000, the same as a week earlier. This falls short of the forecast of 215,000. The number of jobless claims remains low, suggesting a solid labor […] -
Iran vs. Israel: A Historic Showdown in the Middle East On the 13th of last month (local time), Iran launched over 300 drones and missiles at Israel. The attack was an act of retaliation by Iran, which blamed Israel for the airstrike on the Iranian consulate in Syria on the 1st of last month. The airstrike resulted in 13 deaths, including high-ranking officials of the […] -
US Blocks Palestine's Long-Sought UN Membership Reuters Palestine’s long-sought full membership in the United Nations, which received widespread support from member states of the UN Security Council, failed once again due to the US’s veto power. On the 18th (local time), the Security Council voted on a resolution recommending Palestine’s full UN membership to the UN General Assembly. Twelve out of […] -
Dubai's Deluge Disaster Dubai, a desert nation in the UAE, experienced flooding and tragically recorded 18 fatalities after a two-year volume of heavy rainfall fell in a single day on the 16th. While some attribute this weather disaster to Dubai’s artificial rain project, experts remain skeptical. Artificial rain is a technology that manipulates clouds to create rainfall. It […] -
Netanyahu: 'We Will Make Our Own Decisions Whether to Strike Back At Iran' Despite calls for restraint from U.S., U.K., Germany and others, Israel says it will do everything necessary to defend itself Israeli Prime Minister Benjamin Netanyahu said Israel will make its own decision on whether to strike back against Iran. Despite the international community’s concerns about escalating tensions in the Middle East and their dissuasion of […] -
EU Decides to Impose More Sanctions Against Iran, Targeting Missile and Drone Production Preventing large-scale Israeli retaliation is keyEU foreign ministers to discuss further on May 22 Leaders of the 27 European Union (EU) countries agreed on the 17th (local time) to strengthen sanctions against Iran, which attacked Israel. EU member states attended a special EU summit in Brussels, Belgium, where they decided to tighten sanctions against Iran […] -
Qatar PM Signals Possible Exit from Israel-Hamas Mediation Mohammed bin Abdulrahman Al Thani, the Qatari Prime Minister mediating a ceasefire between Israel and Hamas, has suggested stepping down from the role. According to Bloomberg News on the 17th (local time), Prime Minister Al Thani said, “Qatar is reevaluating its role as a mediator. There have been attempts to exploit Qatar’s role, and Qatar […] -
IMF Warns: 'U.S. and Chinese Fiscal Deficits Are a Grave Risk to the Global Economy' US fiscal deficit to hit 7.1% of GDP next year, triple the average for advanced economiesChina’s fiscal deficit to reach 7.6%, double the average of emerging countriesUS debt also affects inflation…high inflation-high interest rate vicious circle The International Monetary Fund (IMF) warned on the 17th (local time) that the massive fiscal deficit in the United […] -
Trump Mulls Middle-Class Taxes If Elected Trump is considering cutting federal payroll taxes and more in a bid to win votes Former U.S. President Donald Trump has hinted at considering tax cuts for the middle class if he is re-elected in this year’s presidential election. If realized, it may exacerbate inflation and fiscal deficits. Reuters reported on the 17th (local time), […] -
U.S. Set to Derail Palestine's UN Membership Bid On the 17th (local time), Jiad Abu Amr, the special representative of the Palestinian President, gave a speech at the United Nations Security Council (UNSC) meeting held at the UN headquarters in New York. It appears that Palestine’s admission to the UN will be canceled once again due to the obstruction of the United States, […] -
US Law Targets Chinese Communist Party for Child Labor in Cobalt Mining A bill has been proposed in the U.S. Congress to ban the import of cobalt from the Democratic Republic of the Congo (DRC). This is due to allegations that the Chinese Communist Party, which owns 90% of the DRC’s cobalt mines, is exploiting child labor and forced labor. According to industry sources, on the 18th, […] -
US, Japan, and South Korea Unite Against Economic Challenges During the meeting, the finance ministers of South Korea, the US, and Japan gathered for the first time. They aimed to recognize the recent changes in economic and financial conditions, including the depreciation of the won and yen and China’s offensive on low-cost products. They also agreed to continue discussing issues discussed between the three […] -
Biden Takes Aim at China's Steel Industry: Proposes 25% Tariff for Unfair Subsidies President Joe Biden sharply criticized the substantial subsidies received by Chinese steel companies as “cheating” on the 17th (local time). President Biden made these remarks during a speech in front of workers from the United Steelworkers (USW) union in Pittsburgh, Pennsylvania, a critical battleground state in the presidential election. At this event, he said, “China’s […] -
China Slashes U.S. Treasury Holdings: Set to Fall Behind UK As China cuts its holdings of U.S. Treasuries, it is expected to drop to the third-largest holder of U.S. Treasuries after the United Kingdom. According to United News on the 18th, the U.S. Treasury Department reported on the 17th (local time) that as of the end of last February, the Chinese government’s holdings of U.S. […]
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