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August 8th Qingqiao Morning Post | Bangladesh Prime Minister Hasina Resigns and Leaves the Country
Release time:2024-09-29 Source: Qingqiao Number of views:

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When the sun is in the middle, it moves; when the moon is full, it loses
Today in history:122 years ago today, British theoretical physicist Paul Dirac was born. He developed quantum mechanics, proposed the Dirac equation, and theoretically predicted the existence of positrons. In 1933, he won the Nobel Prize in Physics and was one of the pioneers of quantum mechanics, hailed as an outstanding theoretical physicist of the 20th century.
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Politics
01Bangladesh Prime Minister Hasina Resigns and Leaves the Country

According to reports from Bangladesh, on August 5th, protests against the quota system for public office intensified. 76 year old Prime Minister Hasina resigned and left the country. Subsequently, thousands of protesters stormed into the Prime Minister's office to celebrate Hasina's resignation. On the same day, informed sources reported that Hasina had arrived in the northeastern Indian city of Agartala, and the Indian government would provide her with a safe passage. The Chief of Staff of the Bangladesh Army stated that an interim government would be established to manage Bangladesh and called on protesters to remain calm.


It is understood that the student movement sweeping across Bangladesh originated from the government's attempt to restore the quota system for civil servants, and the authorities decided to reserve some positions for the relatives of veterans. The protesters believed that this would affect the employment of young people, so they took to the streets to protest. Official data shows that Bangladesh has about18 million young people are unemployed; The latest census data shows that the unemployment rate among young people in Bangladesh is as high as around 40%.


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military
01North Korea deploys tactical missile launch vehicles at the border

According to the Korean Central News Agency,On August 5th,North Korean leader Kim Jong un attended the handover ceremony of a new tactical ballistic missile weapon system in Pyongyang and visited a new tactical ballistic missile launch vehicle that will become the core attack weapon of the North Korean armed forces. Kim Jong unexpressNorth Korea will upgrade its nuclear weapons capabilities in the short term and deploy 250 new tactical ballistic missile launch vehicles at the forefront.


analysispoint outKim Jong un's wordsIt means that regardless ofWhat will be the outcome of the November US election? North Korea will continue to be committed to illegal nuclear and missile development.andDeploy tactical missile launch vehicles at the borderMainly to restrainWill beThe South Korea US joint military exercise to be held in mid August.


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Economics

01Cambodian canal construction begins

According to Cambodian news, on August 5th, the construction of the Dechongfu South Canal, which connects the Mekong River section and the sea in Cambodia, officially began. Cambodian Prime Minister Hun Mane and his wife Bi Zhan Moni presided over the groundbreaking ceremony at the Dechongfu South Canal. Hong Mane told over 10000 people attending the ceremony that the canal will connect the capital Phnom Penh with the deep-water port of Sihanouk province, promoting trade between Cambodia and the world. This is a historic project.


It is reported that the investmentThe Dechongfu South Canal, which was excavated for 1.7 billion US dollars, is expected to be completed by 2028. The canal is 180 kilometers long, 100 meters wide, and 5.4 meters deep, and is one of the key infrastructure projects promoted by former Cambodian Prime Minister Hun Sen during his tenure.

02Vietnam's rice export prices increase by over 18%

According to data from the Ministry of Agriculture and Rural Development, Vietnam's rice exports reached 5.18 million tons and 3.27 billion US dollars in the first seven months of 2024, an increase of 5.8% and 25.1% year-on-year, respectively. The average export price was 632 US dollars per ton, an increase of 18.2%. At present, the export price of rice with a crushing rate of 5% in Vietnam is $560 per ton, exceeding the previous level of $550 to $560 per ton.


A rice trader in Ho Chi Minh City stated that the current supply of Vietnamese rice is limited but of good quality, resulting in a slight increase in prices. The best performing rice growing area is the Jiulong River Delta region of VietnamOn July 15th, the export volume of rice in the region reached 4.838 million tons, earning 3.066 billion US dollars in foreign exchange. The export volume and value increased by 7.9% and 28.26% respectively year-on-year.


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security

01Malaysia's official event bans disposable plastic products

On August 1st, the Malaysian government issued a decree prohibiting all government agencies from using disposable plastic products, including straws, plastic wrap, and tableware, during events. Glass bottles should be used instead of plastic beverage bottles or water bottles should be provided during events.


Malaysia's Minister of Natural Resources and Environmental Sustainability, Neyazmi, stated that this measure is to complementThe "2021-2030 Plastic Sustainable Development Blueprint" is consistent with Malaysia's goal of achieving net zero carbon emissions by 2050. It is reported that the Malaysian government will gradually implement the "no plastic bags" campaign from 2022 and plans to completely ban businesses from using plastic bags by 2025 at the latest.

02New Zealand abandons clean and green policies

According to Reuters,On August 5th,New Zealand Prime Minister Raak announced that he will lift the ban on oil and gas exploration, postpone agricultural carbon emissions pricing for five years, and encourage more mining. This is mainly to support economic growth. It is reported that for a long time,New Zealand's agriculture, including fisheriesGDP contributes 5%, accounting for approximately 80% of New Zealand's total exportsBut inAs of this yearIn March, the New Zealand economy grew by only 0.3%, the lowest growth rate for the same period since the outbreak of the COVID-19 pandemic in 2020.


But some environmentalists have also made severe criticisms of this,New Zealand's Agricultural Carbon Emission Pricing PlanProposed by then Prime Minister Ardern in 2022, originally scheduled to be implemented from 2025The government's abandonment of environmental protection to boost the economy this time will cause a more serious crisis.


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Culture
01Chinese table tennis star Fan Zhendong wins his first Olympic men's singles championship

According to Lianhe Zaobao, on August 4, Chinese table tennis playersFan ZhendongSuccessfully achieved a Grand Slam, heParis OlympicsIn the men's singles final of table tennis, they defeated Swedish dark horse Moregaard 4-1, winning their first Olympic singles championship.


fromFan Zhendong won the World Cup championship in 2016, the World Table Tennis Championships in 2021, and the Olympic gold medal in 2024. It took him 8 years to become the 11th male player in the world table tennis world and the 6th male player to achieve a Grand Slam,Obtained the highest honor in the world table tennis world.






Financial Newsletter
According to The Wall Street Journal, recently, after the opening of the US stock market, all three major indexes plummeted, with the Nasdaq plummeting by over 6% at the beginning of the session and the S&P 500 index plummeting by over 4% at one point before narrowing its decline.


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