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On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about Chinas law enforcement patrols in the waters east of Taiwan. Spokesperson Guo stated that, according to Chinese domestic law and international law, including the United Nations Convention on the Law of the Sea, China possesses an exclusive economic zone and continental shelf in the waters east of Taiwan. The relevant Chinese departments law enforcement patrols in these waters are legitimate measures to exercise jurisdiction in accordance with the law, maintain regional stability and maritime order, and are also necessary actions against Japan and the Philippines manipulation of maritime boundary issues and infringement upon Chinas maritime rights and interests. Relevant countries should respect Chinas sovereignty, territorial integrity, and maritime rights and interests, stop confusing right and wrong and distorting the truth, and relevant institutions should not make statements inconsistent with their status. The DPP authorities turn a deaf ear and a blind eye to the infringements committed by Japan and the Philippines, but instead colluded with external forces to launch a massive attack and smear campaign against the central governments rights protection efforts, and clamored for the fallacy of "Taiwan independence." This once again exposes the DPP authorities stubborn "Taiwan independence" nature and their ugly face of betraying the overall interests of the Chinese nation, and will surely be spurned by compatriots on both sides of the Taiwan Strait and subject to historical reckoning.June 25th - According to US media reports, Swiss Federal President and Minister of Economic Affairs Guy Parmelin will visit the United States at the end of this month to meet with US Trade Representative Greer, aiming to finalize a broader trade agreement between the two countries amid renewed tariff pressure from Washington. Parmelins trip is scheduled from June 29th to July 9th, during which he will visit the United States, Canada, and Mexico. A statement from his ministry confirmed the meeting with Greer was planned, but did not specify a date. The statement also indicated that the trip is intended to "emphasize the win-win nature of the close economic ties between Switzerland and the United States."On June 25, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. A reporter asked about issues related to Honduras. Guo Jia-kun stated that China has noted the Honduran governments clarification of the lies told by the Taiwan authorities. This once again demonstrates that adhering to the one-China principle is a matter of international justice, the will of the people, and an irresistible trend. The "Taiwan independence" forces and the DPP authorities are going against the tide, are unpopular, and are doomed to failure. Since the establishment of diplomatic relations between China and Honduras, bilateral relations have developed rapidly on the basis of the one-China principle, and pragmatic cooperation in various fields has contributed to Honduras economic and social development. Facts fully prove that the establishment of diplomatic relations between China and Honduras is in the fundamental and long-term interests of both countries and their people. China is willing to promote the continuous development of China-Honduras relations on the basis of the one-China principle.Midday futures market summary for June 25: Weakness was concentrated in precious metals, chemicals, and the energy chain, with Shanghai silver leading the decline, falling by over 7%. Click to view.WTI and Brent crude oil prices are currently trading at around $70.42/barrel and $73.18/barrel respectively.

Berlin desires a 2% reduction in gas consumption via new legislation

Skylar Williams

Aug 15, 2022 10:50

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Officials announced on Friday that new measures to reduce Germany's gas use by 2% will require public and private consumers to make significant cuts as Europe faces a sharp decline in Russian gas supply.


Economy Minister Robert Habeck told Süddeutsche Zeitung last week that the state would require energy-saving measures including heating public buildings to no more than 19 degrees Celsius (66.2 degrees Fahrenheit).


According to ministry officials who spoke with Reuters, corridors and huge halls should not be heated at all, with the exception of hospitals and nursing homes. Private pools may no longer be heated, and building and memorial lighting should be turned off to conserve electricity.


Additionally, illuminated advertisements must be turned off daily between 22:00 and 6:00 a.m.


13% of Germany's energy comes from fossil fuels, and approximately half of the country's homes utilize gas for heating. Gas also accounts for one-third of the industrial energy consumption. Russia has supplied fifty percent of this gas in recent years.


To get through the winter without resorting to gas rationing, Germany must reduce its gas use by 20 percent compared to before the crisis sparked by the Russian invasion of Ukraine.


The replacement of gas-fired power plants with coal-fired power plants is predicted to reduce consumption by an additional 3 to 5 percent. As a result of rising petrol prices, consumption has reduced by as much as 8 percent.


Germany will also rely on gas storage facilities and liquid natural gas (LNG) terminals during the peak winter months of gas use.