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Real-time News
The Society of Motor Manufacturers and Traders (SMMT) is calling on the European Union to recognize UK-made vehicles, parts and materials as equivalent to EU products in order to protect competition, consumer choice and supply chains.September 22 – According to the Korean Central News Agency (KCNA) on the 22nd, the North Korean Missile Administration successfully conducted a test of a new weapon on the 20th. Kim Jong Un, General Secretary of the Workers Party of Korea and Chairman of the State Affairs Commission, observed the test. According to reports, Kim Jong Un stated that the test demonstrated advanced defense technology capabilities, and acquiring these technologies is of great significance to the countrys preparedness and long-term military development.On September 22nd, Reserve Bank of Australia (RBA) Assistant Governor Jeremy Hunt reiterated on a podcast that a fourth interest rate hike this year may be necessary to ensure inflation is contained, highlighting market bets on a rate increase as early as next week. Hunt stated that the RBAs policy committee is concerned that inflation has been too high for too long and could potentially solidify into pricing behavior. She said, "We can see many reasons why inflation may be slightly higher than we currently believe." She pointed to rising energy costs due to the Middle East conflict and signs that domestic demand is exceeding supply. The committee may feel they will have to raise the cash rate again to allow the economy to slow slightly more to truly address these pressures.September 22 - According to three sources familiar with the matter, the United States plans to reactivate a former Cold War-era military base in southern Greenland and establish a military presence at a base on the east coast currently used by a Danish dog sled patrol, under an agreement to be signed on Tuesday by the US, Denmark, and Greenland. Two of the sources identified the locations as Nassarsuwak and Mestersweg. Denmark, Greenland, and the United States are expected to sign the new agreement at the United Nations General Assembly in New York at 10:30 a.m. ET on Tuesday (10:30 p.m. Beijing time). Denmark stated that the agreement places Arctic security under the oversight of the NATO military defense alliance, rather than solely on the responsibility of the US and Denmark.Three sources familiar with the matter revealed that the United States plans to reopen a military base in southern Greenland and establish a second military base in eastern Greenland.
