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The IEA will release its monthly oil market report in ten minutes.April 14th - Wealthy Middle Easterners are flocking to high-end European real estate hotspots as fears of war have spurred increased demand for temporary rentals and long-term accommodations. Real estate agents from London, Monaco, Switzerland, and the upscale Spanish resort of Marbella report increased interest in properties, with clients ranging from multi-millionaire traders to social media influencers, and families looking to relocate or permanently overseas before the Middle East conflict ends. They say investors who might have poured their money into the hottest Gulf property market are now looking for alternatives as the war has dragged on for two months.Qatar and Saudi Arabia emphasized the need to "consolidate" the US-Iran ceasefire.On April 14, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. Some South Korean media reported that the Taiwan authorities had previously expressed dissatisfaction with South Korea labeling Taiwan as "Taiwan, China" in the Taiwan issue selection option. What is Chinas comment on this? Guo Jiakun emphasized that Taiwan is part of China, and labeling it as "Taiwan, China" is perfectly reasonable. Chinas position on the Taiwan issue is clear and consistent. We hope the South Korean government fully recognizes that the Taiwan issue concerns the national sentiment of more than 1.4 billion Chinese people, adheres to the spirit of the China-South Korea Joint Communiqué on the Establishment of Diplomatic Relations, upholds the one-China principle, resists and opposes any form of "Taiwan independence," and works with China to promote the healthy and stable development of China-South Korea relations with concrete actions.On April 14th, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, met with Lopez, Secretary of State for Trade at the Spanish Ministry of Economy, Trade and Enterprise, who accompanied Spanish Prime Minister Sánchez on his visit to China. The two sides exchanged views on China-Spain economic and trade relations. Ling Ji stated that in recent years, under the strategic guidance of the leaders of both countries, China-Spain economic and trade cooperation has maintained a stable and healthy development trend. Bilateral trade volume is expected to reach a new high by 2025, two-way investment is progressing steadily, and cooperation between the two countries industrial supply chains is continuously deepening. Chinas 15th Five-Year Plan outlines the overall deployment for building a strong domestic market and expanding high-level opening-up over the next five years, which will provide broad development opportunities for enterprises from Spain and other countries. He hoped that both sides would fully utilize the China-Spain Joint Committee on Economic and Industrial Cooperation mechanism, and welcomed Spains active participation in exhibitions such as the China International Import Expo and the China International Fair for Investment and Trade, to continuously explore the potential for trade and investment cooperation.

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."