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January 26th Qingqiao Morning Post | Citibank laid off nearly 20000 employees
Release time:2024-01-26 Source: Qingqiao Number of views:

Today in history:114 years ago today, the Louvre in Paris was surrounded by floods, causing billions of dollars in damage. The Louvre is located on the north bank of the Seine River in the center of Paris, France. It is the first of the four major museums in the world and was founded in 1204. It was originally the palace of France, where 50 French kings and queens lived. It is one of the most precious buildings of the French classical period and is famous for its rich collection of classical paintings and carvings.
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politics
01Malaysian Prime Minister Anwar criticized for abusing power against political opponents

Kuala Lumpur comprehensive news: Recently, the Malaysian Anti Corruption Commission summoned the son of former Prime Minister Mahathir Mahathir, Mir Cham, to declare all assets at home and abroad within 30 days based on information from the 2016 Panama Document and the 2021 Pandora Document, as well as Mir Cham's involvement in buying and selling political alliance companies. The Malaysian Anti Corruption Commission stated that the authorities are citing the 2001 Anti Money Laundering, Counter Terrorist Financing, and proceeds of illegal activities Act to investigate Mirjan.


According to local media reports in Malaysia, the Anti Corruption Association is still waiting for Mir Zhan to submit an asset list to investigate whether his assets and investments were obtained from government projects. In addition, the Malaysian Anti Corruption Association previously investigated Mahathir's confidant, former Finance Minister Dahin.


Former Malaysian Prime Minister Mahathir stated that,Deputy Prime Minister and UMNO Chairman Ahmad ZahiThe names of supporters of the Anwar government, such as Minister of Investment, Trade and Industry Zavru, and People's Justice Party member of parliament Liang Zijian, appeared in Pandora's documents, but they were not investigated. He strongly accuses Anwar of abusing his power to suppress dissidents. Anwar has repeatedly accused him of abusing his power during his tenure as prime minister, but there is no evidence, and now he is turning to his son Mir Zhan. He even claimed that Milzhan was threatened by the authorities and if he did not cooperate with the investigation, he would be imprisoned for five years.

02Germany's large-scale expulsion plan leads to 250000 people demonstrating

According to Agence France Presse, recently, the far right choice party in Germany discussed a large-scale expulsion plan, and subsequently, various regions in Germany250000 people took to the streets to protest against the political party. Agence France Presse quoted the police as saying that about 35000 people in Frankfurt held the flag "Defending Democracy - Frankfurt Oppose the Choice Party" for a demonstration, and about 100 locations throughout Germany, including Berlin, Hanover, and Dortmund, held demonstrations.


It is understood that the far right choice party in Germany is discussing the expulsion of immigrants andThe main reason for the "Non Assimilated Citizens" program is that they support the replacement theory advocated by white nationalists, claiming that non white immigrants are a conspiracy to replace the native white population in Europe, thus implementing expulsion measures against non white immigrants within their bordersGo by. The news caused a stir throughout Germany, with key politicians such as German Chancellor Scholz stating that any plan to expel immigrants or citizens is equivalent to an attack on German democracy, and also an attack on everyone.


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military affairs
01North Korea conducts underwater nuclear weapon system testing

According to North Korean Central News Agency, a spokesperson for the North Korean Ministry of Defense recently announced that North Korea has conducted a test of the "Tsunami-5-23" underwater nuclear weapon system in the eastern waters of the country. This test is aimed at responding to the recent joint maritime exercise held by the United States, Japan, and South Korea. Previously, South Korea, the United States, and Japan held a joint naval exercise in the high seas south of Jeju Island, with the participation of the US nuclear powered aircraft carrier Carl Vinson.


North Korea has stated that the joint maritime exercises conducted by the United States, Japan, and South Korea in the waters surrounding Jeju Island have caused further instability in the region and seriously threatened North Korea's national securityA serious warning will be issued regarding the potential catastrophic consequences caused. The North Korean military's underwater nuclear response situation is also further improving, and the North Korean side will continue to carry out actions at sea and underwater to curb military hostile behavior by the United States and its allied navies.


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economic

01Cambodia suspends imports of frozen and roasted meat products

According to the Cambodian China Times, the Cambodian government recently announced a suspension of imports of frozen meat and animal offal, as well as some waxed and baked meat products. The ban will start on March 12th of this year and end on September 13th. Specifically, frozen meat and animal organs that are temporarily banned from import include frozen cattle, pigs, chicken, and organs, as well as whole or part of animal organs that have been salted or dried.


It is understood that the government's move is to protect the local poultry and livestock breeding industry from being severely affected by competition from a large amount of imported frozen meat, and also to prevent low-quality frozen meat from flooding the market and affecting consumer health. According to data from the Cambodian Ministry of Finance and Economics, the legally imported frozen meat in Cambodia reached45000 tons, including 1660 tons of frozen beef, 10000 tons of frozen lamb, 1700 tons of frozen pork, 16000 tons of frozen chicken and duck, and approximately 15000 tons of other meats. As of November last year, the Cambodian General Administration of Customs has launched 7 whistleblowing actions, confiscating and destroying 17.7 tons of illegally imported low-quality meat.

02Citibank laid off nearly 20000 employees

Recently, the Financial Times website reported that Citigroup CEO Fraser and the board of directors held a conference call to discuss the large-scale restructuring of the bank. According to sources, in Citibank's current restructuring plan, 5000 employees will be laid off, an additional 5000 employees will be eliminated due to the business divestment plan, and support departments such as technology and operations will also lay off 10000 employees.


It is reported that previously, Citibank released its fourth quarter financial reportIn the last three months of 2023, a loss of 1.8 billion US dollars was incurred, with full year revenueYear-on-year decline in revenue3% to 17.44 billion US dollarsFraser was very disappointed with this. He said,Layoffs may result in up toA cost of 1.8 billion US dollars,But after the layoffs are completed by 2026, it is expected to save $2.5 billion annually.


According to public information,1955 New York FlowerFlag Bank merged with First Bank of New York and was renamed First Citibank of New York. In 1967, it was renamed Citigroup. In 1998, Citigroup merged with Traveler Group to form Citigroup, making Citigroup the world's largest financial services company.


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security

01Russian passenger plane crashes in Afghanistan

According to Agence France Presse, on the 21st local timeA passenger plane crashed in the mountainous area of Badakhshan Province in northern Afghanistan. The exact location of the accident is not yet clear, and it is expected to cause casualties. The Federal Aviation Administration of the Russian Federation subsequently stated that the plane that crashed in Afghanistan was one in RussiaThe registered charter flight is a Falcon 10 jet produced by French company Dassault, with six people, four crew members, and two passengers on board.


Russian news media SHOT reported that about 25 minutes before the plane disappeared from the radar screen, the pilot warned of low fuel and attempted to land at an airport in Tajikistan. But the pilot later reported that the aircraft's engine had stopped operating. The Afghan authorities have dispatched rescue teams to the scene of the incident, but the specific situation is currently unclear.


It is understood that Badakhshan Province is adjacent toChina, Tajikistan, and Pakistan have the Hindu Kush Mountains passing through their borders, which are also the highest peak in Afghanistan, Mount Noshak, with an altitude of7492 meters. The model of the aircraft involved, the Dassault Falcon 10, was an early business aircraft developed by French aircraft manufacturer Dassault Airlines. Production began in 1971 and ended in 1989, and is still a popular business jet in the second-hand market today.


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culture
01Russian Orthodox Church celebrates Epiphany

According to Russian news agency Sputnik, recently, Russian President Putin's press secretary and Kremlin spokesperson Peskov stated that according to tradition, he underwent an ice water baptism in Moscow Oblast on Epiphany Day.


It is understood that the Eastern Orthodox Church commonly refers toEpiphany, also known as Baptism, is held on January 19th each year. According to Russian media reports, according to traditional customs, every year during Epiphany, Orthodox Christians from all over Russia soak in cold rivers, ponds, and lakes to commemorate Jesus' baptism in the Jordan River. According to tradition, people will completely immerse themselves in water three times, symbolizing the Holy Trinity, purifying their souls in the icy and piercing water.







Financial Newsletter
Futures Daily News: Recently, international spot gold opened at $2047.86 per ounce, with a low of $2001.74 per ounce and a high of $2058.48 per ounceUSD/ozIt closed at $2029.28 per ounce, down $19.42.


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