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Documents show that Indian fintech company Paytm has approved the issuance of 347,475 new shares to its employees.July 3rd - Nick Timiraos, a well-known mouthpiece for the Federal Reserve, stated that Trump believes Fed Chairman Warsh is a dovish figure within the Federal Open Market Committee (FOMC). This comes a day after White House National Economic Council Director Hassett made similar remarks; and a week earlier, Treasury Secretary Bessant stated that he hoped the Fed would remain "open" to inflation and expected the Fed to ease policy this year. A new era of "forward guidance"...On July 3rd, the Hainan Provincial Housing Provident Fund Management Bureau issued a notice regarding the withdrawal of housing provident funds to pay property management fees. The notice clarifies that contributors can apply to withdraw their housing provident funds once a year to pay property management fees for any owner-occupied residential property under their familys name in Hainan Province. Owner-occupied residential properties do not include self-built houses, shops, office buildings, or commercial properties such as timeshare hotel rooms. It is worth noting that if the contributors family has an outstanding housing provident fund loan in Hainan Province, the combined balance of the contributors and their spouses accounts after applying for the property management fee withdrawal must be sufficient to repay three months of the loan.July 3 – Allianz Chief Economist Ludovic Subran stated, “The US non-farm payroll data was actually weak, but I still believe inflation will peak above 3.7%, and artificial intelligence, fiscal stimulus, and the energy sector continue to support economic growth. The Fed may have to raise rates in September. I think this is the real point of contention between the US and Europe.” Subran believes that the European Central Bank will not take further action after last months rate hike. “That was an insurance-style rate hike, but judging from the current data, it seems to be over,” he said. “The traumatic effects of the (Iranian) war will take time to manifest; the economy is still bearing the costs of the war, but the situation is much better now than it was a few weeks ago.”NATOs Deputy Supreme Allied Commander Europe: Europe has increased its investment. Europe is filling the gaps left by the US repositioning its troops.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."