News
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Global Trade and Manufacturing Slowdown: What You Need to Know
1 Maersk expects Global container trade shrinks by up to 4% this year Danish shipping giant Maersk, seen as a barometer of global trade, cut its forecast for global container trade this year on Friday, saying there were no clear signs of a recovery in cargo volumes this year. Global container trade could contract by as much as 4% this year, the company said. Maersk and other shipping lines, which generated record profits in 2021 and 2022 due to a surge in demand for consumer goods amid the pandemic and limited supply of ships, are now facing a sudden correction as global economic growth slows, Companies are digesting existing inventories…
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Key Import and Export Duty Changes Around the World
In the past month, many countries and regions around the world have made important adjustments to the import and export duties and taxes of related products. The editor has compiled the latest tariff and tax information summary for you, let’s see which changes are relevant to you! Indonesia Up to 10% export tax on copper concentrate According to a report by Yonhap News Agency on July 20, the Indonesian government originally planned to ban the export of mineral products such as copper concentrate from this year, and then stated that exports will be allowed before May next year, but an export tax of up to 10% will be imposed. According…
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The Principality of Sealand: The Most Famous Private Country Built on an Abandoned Military Fortress
On the English Channel, about 10 kilometers off the coast of Suffolk, England, stands an abandoned fortress. Who would have thought that this humble building was actually the most famous private country in the world: the Principality of Sealand. The Principality of Sealand was established in 1967 when former Royal Navy Captain Paddy Roy Bates and his family occupied the abandoned man-made military building and declared independence, claiming sovereignty over the place. It is unbelievable that armed struggles took place in this small country of less than 600 square meters. In order to maintain territorial integrity and protect national rights, the Principality of Sealand not only confronted British naval patrol…
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The Future of XR: From AR Android TV to Spatial Computing
In June, Apple released the Apple Vision Pro, which stirred up the entire XR industry. After all, it is the technology giant with the highest market value in the world, and has successfully defined the next-generation computing platform many times in the past few decades. The release of Apple Vision Pro is almost a “coming” to the industry. Many people believe that this is Apple’s next iPhone, which will open the era of “spatial computing”. The buzz in the AR industry doesn’t stop there. Recently, Rokid and Google jointly launched the AR version of the portable Android TV, which is also the world’s first Google-certified AR version of the portable…
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Electric Flying Car Gets FAA Approval, Will Start Mass Production in 2025
Musk’s electric car is going to heaven! According to news on July 31, Alef Aeronautics’ all-electric flying car Model A has obtained a legal flight license in the United States. It is expected to be mass-produced and delivered in 2025, flying in the air in the United States. Although the official mass production and delivery will not be possible until 2025, it still does not stop the enthusiasm of the rich. There are already 2,500 Model A reservations. The pre-sale price is US$300,000, approximately RMB 2.1 million. If all the cars are delivered, the revenue will be US$750 million, and 53 small RMB targets will be achieved. The deposit is…
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Horizon Robotics Builds a New Paradigm for Robotics
When we talk about “robots”, what is the first thing that comes to your mind? You might think of the “Four Families” and industrial robots in modern factories. Their appearance has greatly improved the production efficiency of standardized operations and accelerated the speed of industrial globalization. The core underlying technical logic of the operation of industrial robots is the code instructions written into the machine in advance. Because of this, in different work scenarios and task requirements, the efficiency of the above-mentioned industrial robots may show two extremes. For products with a long iteration cycle such as cars, they are efficient and stable; but if you switch to fast fashion…
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Taiwan Stocks Collapse on Last Trading Day of July, AI Sector Takes a Beating
Taiwan stocks were severely suppressed on the last trading day of July. After a surge of 170 points in early trading today, Taiwan stocks suddenly dived. The highest point fell 211 points and fell to 17,100 points. The week is the biggest, and the market has come out of the pattern of heavy volume and decline. It should be noted that the worst performance in the Taiwan stock market today is the artificial intelligence sector. Many stocks in this sector collectively rushed to the limit. Wistron once reached NT$160. The intraday selling pressure emerged, and the stock price hit the limit of 141.5. New Taiwan dollars, down 15.5 New Taiwan…
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How the United States Escaped the Economic Crisis and Thrived
The United States once again escaped the economic crisis, and this time it did not depend on the trillions that China poured out. Turning the clock back to one year ago, major institutions and many famous figures around the world predicted that the US economy would fall into recession. This kind of prediction does not come out of mouth, it is supported by sufficient data. Last year, the consumer confidence index of the University of Michigan in the United States stayed below 60 for 8 months, which was regarded by the industry as a harbinger of insufficient demand and an economic recession. The stock market S&P 500 index fell by…
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Indian Govt Accuses Chinese Phone Makers of Massive Tax Evasion Amid Souring Ties
Indian government accuses Xiaomi, OPPO, vivo, etc. of tax evasion of 90 billion rupees According to news on July 26, statistics from the Ministry of Finance of India show that during the period from 2017 to July 2023, Chinese mobile phone manufacturers such as Xiaomi, realme, OPPO, vivo and OnePlus evaded the Goods and Services Tax (GST) of 11.09 billion rupees. ) and tariffs of 79.66 billion rupees, totaling about 90 billion rupees. India’s Minister of State for Electronics and Information Technology Rajiv Chandrasekhar has outlined the amount of GST and duties allegedly evaded by these top Chinese smartphone brands. He said that the Indian government has explained the reasons…
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The Resilience of the US Economy Increases the Possibility of a “Soft Landing”
Since the beginning of the year, most Wall Street and domestic analysts have judged that the U.S. economy will soon enter a recession, and the Federal Reserve will also step into the channel of interest rate cuts in the second half of the year. Although it also suffered a short-term impact from the bank liquidity crisis, the U.S. economy still appears to be very resilient. The unemployment rate is hovering at a low level, and job growth is not bad. Even real estate seems to have resisted a sharp increase in interest rates. The apparent CPI in the United States has dropped considerably, but the core CPI is still high,…
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India Bans Rice Exports, Panicked Hoarding Ensues Across the Globe
Rice is the staple food of billions of people around the world, and the Indian government, the world’s first exporter of rice, has announced a ban on rice exports, and the global food market has turned red. Since rice is not grown locally in Canada, Canada relies on imported rice. India is Canada’s third largest rice importer. Since the Indian government banned rice exports, Indians living in the United States and Canada began to panic stockpile rice. Foreign media reported that on social networks, in Texas, Michigan, New Jersey, Alabama, Ohio, Illinois, and California, panic-stricken “rice grabbing” armies can be seen everywhere. picture The world’s largest rice exporter plans to…
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Danger on Europe’s Doorstep – Landmines at Nuclear Plant and US Bombers on the Move
There is another sudden explosion in the periphery! IAEA Director General Grossi said that IAEA experts discovered targeted anti-personnel landmines at the Zaporozhye Nuclear Power Plant. The mines are located in the buffer zone between the plant site and the outer perimeter barrier. Experts report that nuclear plant workers have been unable to access the area. In addition, the U.S. Air Force recently dispatched three strategic bombers, B-2, B-1B, and B-52 from different forces, and gathered in Alaska to perform “joint missions.” According to Admiral Willsbach, commander of the U.S. Pacific Air Forces, “conventional bombing missions allow the aircrew to be ready to use lethal capabilities at any time.” At…
