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Market news: Germany, Italy, Austria, Poland, Portugal and Spain are stepping up their efforts to impose a windfall profits tax on oil companies across the European Union.On August 23, Iranian Ambassador to Russia, Jalali, stated in an interview with Sputnik News that the morale of US troops was low. He said, "It is said that the infrastructure, food, logistics, and morale of the US military are in very poor condition, and in addition to suicides, many people have died in the large-scale conflict." The ambassador added that although the Pentagon or US officials have not confirmed this, "the poor condition of equipment and personnel is beyond doubt." He believes this situation is a result of a strategic miscalculation by the US in assessing the resistance capabilities of the Iranian people.According to Al Jazeera, Macron and the Saudi Crown Prince will meet in Paris to discuss the situation in Hormuz.On August 23, according to the Haikou Daily, the 2026 Hainan Cross-border Computing Power Industry Development Conference was held in Haikou on August 21. At the conference, the Haikou National High-tech Industrial Development Zone Management Committee and H3C Technologies Co., Ltd. signed a strategic cooperation framework agreement to jointly promote the implementation of the Haikou International Turing Town plan. The Hainan Token Industry Ecosystem Alliance was also launched, and Tsinghua Unigroup Yaochen (Hainan) Intelligent Manufacturing Co., Ltd. was unveiled. This is a key step for Haikou in leveraging the advantages of the Free Trade Port policy to develop cross-border computing power, AI hardware manufacturing, and the digital industry ecosystem. According to the agreement, Turing Town will be located in Haikou National High-tech Industrial Development Zone, and the two parties will cooperate in five major areas: cross-border computing power services, digital industry ecosystem, industrial investment and operation, industry-education talent cultivation, and computing power hardware manufacturing.The secretary of Irans Supreme National Security Council said that Iran has shipped out 70 million barrels of oil in just the past month or two.

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."