Reuters reported that on July 3, the United Nations High Commissioner for Human Rights Turk called for vigilance against the political expansion of the extreme right in Europe, saying that these remarks would dehumanize immigrants and asylum seekers. Last month, far right political parties made progress in the European Parliament. France is about to hold a final election, and opponents of the far right anti immigrant National Alliance are trying to prevent them from taking power.

It is reported that Turck is an Austrian and his country isIn the 1930s, it became a hotbed of anti Semitism and participated in the Holocaust after being annexed by Nazi Germany in 1938. He had previously stated that preventing future atrocities is part of his job. Turk, who has been serving as the head of human rights affairs of the United Nations for nearly half of his four-year term, has been striving to strengthen refugee protection for many years. He said that right-wing traditional political parties who never reflect on themselves will bring disaster to Europe.

military

01Northern Myanmar military command headquarters attacked

According to Agence France Presse, on July 2nd, a conflict broke out at the military command center in northern Myanmar, suspected to be an expansion of the offensive by local ethnic armed groups against the Myanmar army. Local residents who requested anonymity said that since the evening of July 2nd, gunshots have been heard at the Burmese military headquarters located in the capital of Shan State, Lashio, and no one dares to go out. Another resident said that the conflict occurred outside the city, and the military has blocked all roads leading to Lashio, but some shops in the town are still open for business. According to videos on social media, a wooden building in the area was destroyed and some buildings caught fire. According to Myanmar media reports, at least six civilians have lost their lives. According to another source, all flights from Yangon to Lashio have been cancelled since July 3rd.

The De'ang National Liberation Army, a civilian armed group in northern Myanmar, has not confirmed whether they participated in the battle. When questioned, General Dabengjue of the De'ang Army only said that the tripartite alliance is united. It is reported that the Guogan Army, De'ang Army, and Wakai Army are composed ofThe "Three Brothers Alliance Organization" launched the "1027 Operation" near Lashio and along the Chinese border in October last year, occupying large territories and border crossings, bringing the biggest blow to the military government since the 2021 coup and seizure of power.

01Japan plans to launch short-term floating rate bonds in fiscal year 2026

According to Reuters, on July 3rd, sources revealed that the Japanese government is considering issuing two-year and five-year floating rate bonds starting from the 2026 fiscal year to help investors mitigate the risk of rising bond yields. It is reported that the Japanese government has issued 15 year floating rate bonds in the past, and this is the first time issuing short-term floating rate bonds, which are more susceptible to changes in central bank policies. According to sources, the Bank of Japan will provide specific details such as bond maturity, issuance size, and frequency of adjusting floating interest rates after discussing with investors.

It is reported that due to the implementation of ultra loose monetary policy, the huge interest rate difference between Japan and other countries has led to the continuous depreciation of the Japanese yen. Recently, the exchange rate of the Japanese yen against the US dollar has plummeted toAt a 38 year low, the exchange rate of the Singapore dollar against the Japanese yen recently broke through the level of 119. Ozkaskaya, a senior analyst at Ruixun Bank, pointed out that the US dollar to Japanese yen exchange rate is slowly approaching the level of 162, but the risk of direct intervention limits the behavior of short selling Japanese yen, otherwise short selling Japanese yen would be one of the most obvious trades. The Bank of Japan is working hard to curb the depreciation of the yen without addressing its fundamental policy issues. For investors who dare to go against the trend, any brief appreciation of the yen will be an attractive profit opportunity.

On July 2nd, the Thai Catering Industry Association sent a letter to Prime Minister Sata, stating that high costs of raw materials and energy have led to the closure of many restaurants. Therefore, they requested the government to take emergency assistance measures, including lifting the ban on businesses selling alcoholic beverages from 2pm to 5pm. The President of the Thai Catering Industry Association, Suthep, stated in a letter that operating costs have surged by over 50%, while the sustained economic downturn has led to a decrease in consumer purchasing power, causing businesses to struggle to make ends meet and many restaurants are struggling to survive.

Subsequently, the Thai government website released a statement stating that the authorities would seriously consider the requests of practitioners. It is understood that Thailand hasThe afternoon ban on alcohol has been implemented since 1972, and in the past, restaurant operators have also urged the government to lift this ban. However, the Thai Ministry of Health and public health experts have maintained this ban on the grounds of maintaining public health and avoiding alcohol abuse. In addition, to stimulate economic growth, the Thai government has actively implemented multiple measures. In addition to considering lifting the ban on alcohol, Thailand has also decided to close duty-free shops at eight airport entry points to encourage tourists to shop in general stores.