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Real-time News
July 3, this afternoon, at a plenary session, the South Korean National Assembly passed an amendment to the martial law law. The new bill stipulates that after the declaration of martial law, no one, including the military and police, will be allowed to hinder the entry and exit of members of parliament and parliamentary staff and the conduct of meetings. The new bill also restricts the entry of military and police personnel into the National Assembly, requiring that military and police personnel shall not enter the National Assembly at will unless requested or permitted by the National Assembly. Violators will be held criminally responsible or fined. In addition, the new bill also requires that the president should record the meeting when initiating martial law and convening a State Council meeting for deliberation, and submit relevant materials when notifying the National Assembly. South Korean public opinion analyzed that this move is aimed at avoiding the recurrence of the situation when the then-President Yoon Seok-yeol launched an emergency martial law at the end of last year, when the military and police broke into the National Assembly and obstructed the proceedings.Switzerlands CPI annual rate in June was 0.1%, in line with expectations of -0.1% and the previous value of -0.10%.Switzerlands CPI monthly rate in June was 0.2%, in line with expectations of 0% and the previous value of 0.10%.On July 3, rating agency Standard & Poors said that if NATOs core defense spending target of 3.5% is fully implemented without offsetting measures, the government debt of European member states may increase by $2 trillion by 2035. However, the spending growth is likely to be gradual. The speed of military spending increases will depend on each countrys security considerations, the size of the defense industry, fiscal issues, electoral support and industrial absorption capacity. Regarding European sovereign debt, the impact on the credit quality of these countries is expected to be limited in the short term, as the growth of defense spending is likely to be restrained and slow.Switzerlands June CPI monthly rate will be released in ten minutes.