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U.S. stock index futures opened lower on Monday, with Nasdaq futures down 2.56%, S&P 500 futures down 1.83% and Dow futures down 1.19%.On February 3, the Institute for Disarmament and Peace of the Ministry of Foreign Affairs of North Korea issued a communiqué on February 2. The communiqué stated that not long ago, the United States announced the idea of further expanding its missile defense system under the pretext of ensuring the security of its homeland and allies from the so-called "strategic threat" of the enemy country. The United States has accelerated the development of hypersonic interceptor missiles with its allies such as Japan and deployed the "THAAD" system in South Korea and other regions, which will inevitably stimulate the security concerns of regional countries. The more severe global security environment urgently requires North Korea to continuously develop its self-defense national defense force with nuclear deterrence as the core, respond to the United States increasingly intensified military hegemony attempt, and reliably safeguard the countrys security and development rights. The communiqué stated that North Korea will respond to the increasingly intensified military threats of hostile forces with unlimited military force strengthening in the future, rely on strong self-defense forces to maintain world peace, and build a more stable regional security environment.Conflict situation: 1. The attack on the Ukrainian city of Poltava has killed 12 people. 2. Ukrainian Air Force: 40 drones launched by Russia were destroyed at night. 3. Russia said that the Ukrainian army attacked a boarding school in Kursk Oblast, and the Ukrainian side has not responded yet. 4. An explosion occurred near a conscription center building in Ukraine, and one person was injured. 5. Russian Ministry of Defense: The Russian air defense system shot down a US-made "HIMARS" rocket and 44 drones. In addition, the Russian army also attacked targets such as Ukrainian military airports and fuel storage facilities. Others: 1. Trumps special envoy on the Russian-Ukrainian conflict: The United States hopes that Ukraine will hold elections before the end of this year. 2. NATO said it will send warships and aircraft to patrol the Baltic Sea, and Russia said it will take all measures to protect its own interests. 3. Zelensky: Ukraine is closer to peace than ever. Looking forward to meeting with Trump, and hope that Ukraine, the United States and Russia will participate in the negotiations together.On February 3, according to the Financial Times, according to the latest forecast of Vitol Energy Group, the worlds largest independent energy trader, global oil demand will not decline until at least 2040, which is the latest signal that economies will find it difficult to get rid of their dependence on oil. Vitol Energy Groups daily oil trading volume accounts for about 7% of the worlds oil supply. The company expects global demand to peak at nearly 110 million barrels per day by 2030, and then fall back to the current level of about 105 million barrels per day in 2040. This forecast is different from the International Energy Agency (IEA), which expects oil demand to peak at 105.6 million barrels per day in 2029. Vitol Energy Group said that it expects consumption of some petroleum products such as gasoline to decline, and global gasoline demand will decrease by 4.5 million barrels per day by 2040.According to the Korean Central News Agency: North Korea said it would strongly respond to the hostile provocations of the United States.

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.