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On June 12, the commander of the Hatem Anbia Central Headquarters of the Iranian Armed Forces stated that the United States, while talking about agreements and negotiations, is simultaneously taking malicious actions with ulterior motives. This blatant contradiction between US words and deeds is the root cause of instability in the region, jeopardizing trade security, the international economy, and the security of all nations, especially the Strait of Hormuz. We warn that if the United States attempts to attack Iran again, it will face a much harsher response than before, the conflict will become more widespread and escalate, and the region will descend into insecurity. In light of the recent US threats to strike Iranian oil infrastructure, we hereby declare: oil and gas exports are either open to everyone or closed to everyone.Spokesperson for the UN Secretary-General: UN Secretary-General António Guterres is deeply concerned about the escalating situation in the Middle East, including the US strikes against Iran and Irans retaliatory strikes.June 12 – Siemens Energy, one of the worlds three largest gas turbine manufacturers, stated that competition in Europe for power supplies for data centers and electrification projects is becoming so fierce that customers are now willing to pay fees to secure a place in the gas turbine production queue. CEO Christian Bruch said, "Demand is now so high that European customers are willing to pay reservation fees." This practice first appeared in the US in recent years when technology companies raced to lock in power generation capacity for energy-intensive data centers, and has since expanded to Europe and the Middle East. Due to the long wait times for European data centers to connect to the grid, some are considering building their own power generation facilities to get them operational faster. Karim Amin, head of Siemens Energys Gas Services division, said that customers seeking to reserve approximately six months of manufacturing time typically pay 10% to 15% of the purchase price of a turbine. Since gas turbine manufacturers capacity is largely booked until the end of this decade, this type of payment has become a way for buyers with urgent project needs to secure their place in the queue. Siemens Energys conversion rate exceeds 90%, meaning that most reservations eventually translate into contracts.A spokesman for Irans Islamic Revolutionary Guard Corps said: "If the United States wants to repeat its past failures, it will regret it."New York Fed: U.S. household net worth increased by $113.08 billion in the first quarter.

Foxconn's Founder Asked China to Remove COVID Restrictions - WSJ

Charlie Brooks

Dec 09, 2022 11:57

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The Wall Street Journal said that Terry Gou, the creator of Apple supplier Foxconn, had warned China that its zero-COVID policy would jeopardize its position as the second-largest economy in the global supply chain.


The appeal, sent by Gou in a letter more than a month ago, played a crucial role in pushing China's government to immediately reopen the economy and drop its zero-tolerance COVID-19 policy, according to a report published on Thursday citing sources with knowledge of the issue.


The office of Gou issued a statement "vehemently disputing" the article's claims. The largest iPhone producer, Foxconn, declined to comment, and China's State Council Information Office could not be reached immediately for comment.


Gou left Foxconn in 2019 and no longer maintains an official position inside the company, although he remains influential.


The Zhengzhou factory of the Taiwanese corporation, which had a month-long disruption in November, has eased its "closed-loop" management restrictions on Thursday.


The Zhengzhou factory has been struggling with significant COVID restrictions, which have led to worker dissatisfaction over working conditions and a 11.4% year-over-year decline in November revenue.


Some Wall Street analysts reduced their iPhone shipping forecasts for the crucial Christmas quarter as a result of disruptions at the iPhone's primary production facility.


The newspaper reported that Chinese health officials and government advisors jumped on Gou's letter to make the point that the government needed to accelerate its efforts to eliminate its stringent COVID-19 regulations.