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GAC International reported on September 21st that on September 19th, GAC International and its Cambodian partner, TH Group, officially signed a cooperation agreement for a KD plant. Located in Kampong Chhnang Province in central Cambodia, the Cambodian KD plant is being built to GACs strict standards with a total investment of approximately US$19 million. The plant plans to have four assembly lines with an annual production capacity of 15,000 units. Construction is expected to be completed in December 2025, with mass production officially commencing in January 2026.On September 21st, Hong Kong SAR Financial Secretary Paul Chan Mo-po stated today (21st) that the Northern Metropolitan Area is a key vehicle for Hong Kongs industrial restructuring, enabling the coordinated development of the "finance + innovation and technology + trade" multi-engine. The Development and Operation Model Design Group, led by Chan, will hold its first meeting this month. He emphasized that the core of the Northern Metropolitan Area development work is "targeted and flexible." This means clearly tying the development of the Northern Metropolitan Area to the implementation of industrial development, with this as the goal of all work. The group will actively explore innovative, flexible, and feasible solutions across various aspects, including legal frameworks, administrative procedures, and financing options, to accelerate the promotion of the Northern Metropolitan Area and the influx of industry, thereby accelerating the realization of the Northern Metropolitan Areas development goals.According to Singapores Lianhe Zaobao on September 21st, the White House announced on September 20th that a new rule for H-1B visas, effective September 21st, will impose a $100,000 fee on each application, but will not apply to re-entry by existing visa holders. The report, citing Reuters, reported that White House spokeswoman Carolyn Levitt posted on social media platform X on the 20th: "This is not an annual fee, but a one-time fee that applies only to applications." Levitt also stated that H-1B visa holders currently abroad will not be charged the $100,000 fee upon re-entry. The White House claims the fee is intended to level the playing field for American workers, who are being displaced by low-wage foreign labor. The White House stated that the $100,000 fee could be waived in individual H-1B visa applications if it is in the national interest.On September 21st, US President Trump again called on European countries to "stop buying" Russian oil, claiming this would further pressure Putin to end the Russia-Ukraine conflict. In a dinner speech at Mount Vernon, Virginia, Trump stated, "European countries are still buying oil from Russia—that shouldnt be happening, right?" This marked his latest day of accusing European allies of energy procurement. Following a meeting with British Prime Minister Starmer on Thursday, Trump expressed his willingness to increase economic pressure on Moscow, but only if those he supports do not also buy Russian oil. Trump, on the spot, pressured US Ambassador to NATO Whitaker, "They have to stop buying Russian oil. Ambassador Whitaker wont allow this to continue for much longer." Faced with the stalemate in the Russia-Ukraine conflict, Trump reiterated his disappointment with Putin, emphasizing that "with just a little more tightening of oil price controls, the war will be over."On September 21st, Zhuhai was forecast to experience continued rainfall, with occasional heavy rain accompanied by brief periods of strong winds and thunderstorms, due to the northward movement of thunderstorm clouds from the sea. The Zhuhai Meteorological Observatory issued a city-wide yellow warning for heavy rain at 8:10 a.m. on September 21st. A yellow warning for thunderstorms and strong winds remains in effect. The Zhuhai Flood Control and Flood Prevention Headquarters has immediately activated a Level IV emergency response for flood control (rainstorm prevention). Please take precautions. Furthermore, considering the potential severe impact of Typhoon No. 18, "Halal," on Zhuhai, the Zhuhai Flood Control and Flood Prevention Headquarters has decided to activate a Level IV emergency response for wind prevention starting at 10:30 p.m. on September 20th. The Zhuhai Meteorological Observatory predicts that from the 21st to the 23rd, Zhuhai will be primarily affected by the typhoons outer periphery, resulting in sunny and hot weather with highs reaching 35°C. However, strong winds and heavy rain will occur from the night of the 23rd to the 25th.

Bitcoin Falls 7.2% to $28,758

Skylar Shaw

May 12, 2022 09:58

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At 22:05 GMT on Wednesday, bitcoin was down 7.23 percent to $28,758.29, a loss of $2,241.68 from its previous closing.


Bitcoin, the world's most popular cryptocurrency, is down 40.4 percent from its all-time high of $48,234 on March 28.


On Wednesday, the cryptocurrency tied to the Ethereum blockchain network, fell 11.56 percent to $2,071.46, a loss of $270.66 from its previous closing.