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August 24th - The Ministry of Housing and Urban-Rural Development announced today that in the first half of this year, various regions have continuously improved the service level of urban parks and green spaces, continued to promote the construction of pocket parks and urban greenways, and upgraded the quality of parks and green spaces to better meet the needs of citizens for nearby recreation and fitness. Latest data shows that in the first half of this year, more than 2,800 pocket parks and 2,450 kilometers of urban greenways were newly started, and approximately 7,500 hectares of urban parks and green spaces were upgraded. The level of openness and sharing of parks and green spaces has continued to improve, with approximately 24,800 hectares of lawns being rotated for open use.August 24 - According to the website of the China Maritime Safety Administration, the Qinglan Maritime Safety Administration issued a navigation warning that military training will be conducted in parts of the South China Sea from 12:00 on August 24 to 18:00 on August 26, and entry is prohibited.August 24th - At 11:50 AM on August 24th, after comprehensive assessment and emergency consultation, the China Meteorological Administration upgraded its emergency response to major meteorological disasters (typhoons and rainstorms) from Level IV to Level III (typhoons, rainstorms, and severe convective weather). The National Meteorological Center forecasts that, affected by the typhoon and the southwest monsoon, from August 24th to 26th, Fujian, Guangdong, Guangxi, and Hainan will experience heavy rainfall, with strong winds in the Beibu Gulf, Taiwan Strait, East China Sea, and coastal areas. Furthermore, on the 24th, Liaoning and Jilin provinces will experience localized heavy rainfall, and from the 25th, eastern Northwest China, North China, and Northeast China will experience significant rainfall from west to east, accompanied by severe convective weather. The National Meteorological Center continued to issue a blue typhoon warning, a yellow rainstorm warning, and a blue severe convective weather warning at 10:00 AM on the 24th.On August 24th, Thailands Finance Minister stated on Monday that the government will discuss proposed tax measures with the Gold Association this week. Finance Minister Ekniti Nittinprapas said that Thailand will consider taxing gold transactions and imports, adding that this move aims to curb illicit capital flows and is not intended to impose a high gold tax.August 24th - According to the Financial Times, sources familiar with the matter revealed that Saudi Arabia has begun discussions with London insurance brokers regarding a state-backed war and political risk insurance scheme that could provide insurance coverage for ships in the region, as the conflict threatens Saudi trade. The Saudi Ministry of Finance is studying a plan that would allow ships and maritime cargo assets to obtain insurance at a lower cost through a so-called "insurance pool." This pool could provide up to 700 million Saudi riyals ($186 million) in commercial coverage for each insured event. Insurance and reinsurance companies would provide the first layer of insurance coverage, while each insured entity could receive hundreds of millions of dollars in additional coverage through backup support provided by the state-owned Saudi Export-Import Bank. In one version of the proposal under discussion, Saudi Reinsurance and Riyadh Reinsurance would lead a group of participating reinsurance companies, which could potentially include international companies.

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."


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