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On January 30th, Vanke Enterprise (02202.HK) announced on the Hong Kong Stock Exchange that it expects a net loss of approximately RMB 82 billion for 2025, compared to a loss of RMB 49.478 billion in the same period last year. The company anticipates a loss in 2025 primarily due to a significant decrease in the settlement scale of real estate development projects, resulting in a still low gross profit margin; new provisions for credit impairment and asset impairment; overall losses from certain operating businesses after deducting depreciation and amortization; losses from certain non-core financial investments; and some large-scale asset and equity transactions being priced below book value.The UK and Germany will host a meeting of the Ukraine Defense Liaison Group on February 12.On January 30th, Ourpalm announced that it expects a net loss of 90 million to 180 million yuan in 2025. The company anticipates a net loss primarily due to the decline in business of its major investee company, Webzen Inc., and signs of impairment. It anticipates making an impairment provision of 150 million to 250 million yuan for this long-term equity investment (the final impairment amount is subject to assessment and audit by intermediary institutions). In addition, the companys operating revenue also declined year-on-year during the reporting period due to factors such as the decline in revenue from mature game projects as product lifecycles change and the fact that newly developed SLG games have not yet been officially launched and promoted on a large scale.Raymond J. Financial: Upgraded SanDisk (SNDK.O) from Market Perform to Outperform.January 30th - Ukraine is facing serious new nuclear security risks. A Russian attack aimed at disrupting its power grid has left the countrys three operating nuclear power plants without a stable power supply. Diplomats held an emergency meeting of the International Atomic Energy Agency (IAEA) in Vienna to discuss the impact of the Kremlins attacks on critical infrastructure needed to maintain the operation of Ukrainian reactors. Months of attacks have not only left millions facing a dark and cold winter but have also increased the likelihood of a nuclear accident. This is because nuclear power generation, unlike fossil fuel or renewable energy plants, requires a continuous current to maintain its safety systems. If power is cut off, the fuel inside the reactor core could overheat, leading to a dangerous release of radioactive material. European countries have requested the IAEA to provide a detailed assessment of Ukraines vulnerability by next month. Currently, monitoring personnel stationed in Ukraine are inspecting key substations necessary for power transmission.

Taiwan Threatens WTO Action As China Suspends Importation of Grouper Fish

Aria Thomas

Jun 13, 2022 11:48

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Saturday, Taiwan's government threatened to take China to the World Trade Organization after China blocked imports of grouper fish from Taiwan, citing the presence of banned chemicals. This is the latest agricultural dispute between the two countries.


Last year, China stopped imports of Taiwanese pineapples, sugar apples, and wax apples, alleging insect problems, which Taiwan vehemently rejected.


Relations between Taipei and Beijing, which claims democratically governed Taiwan as its own territory, are at their lowest level in decades, with China intensifying political and military pressure on the island to recognize its sovereignty.


China's customs department announced late Friday that it had repeatedly identified illegal substances in Taiwanese grouper and would suspend their import beginning Monday "to prevent dangers and protect consumer health and life."


Chen Chi-chung, minister of agriculture for Taiwan's Council of Agriculture, denied the accusation, stating there was nothing wrong with the fish and that Taiwan will supply China with data and request a response.


He told reporters that Taiwan would not rule out pushing the issue to the WTO if China did not reply.


According to Cabinet spokesman Lo Ping-cheng, China has frequently boycotted and blocked Taiwanese agricultural and aquatic exports "in a manner inconsistent with international norms."


This not only damages relations between Taiwan and China, but also increases the Taiwanese public's displeasure with the Chinese Communist Party's arbitrary suppression of Taiwan.


The majority of Taiwanese grouper is consumed domestically, while China accounts for almost 90 percent of exports.