According to Reuters, on October 6th, Grey, Chief of Staff to British Prime Minister Stamer, resigned after her salary was leaked to the media and some officials blamed her for Stamer's difficult start on Downing Street.

It is reported that Stamer isIn July, he led the Labour Party to an overwhelming victory. But during his tenure, he and other Labour politicians were criticized for receiving many free gifts from wealthy donors. The Conservative Party in the UK stated that the Stammer government was first condemned for free gifts and then plunged into chaos due to Gray's resignation, making it difficult for such a government to reverse the difficult situation currently facing the UK.

military

01Philippine President signs new law to develop defense industry

Manila News: On October 8th, Philippine President Marcos signed a new law to promote the development of military industry in the Philippines, in order to reduce dependence on foreign military equipment and produce equipment that better meets the country's security needs. Xiao Marcos stated that in order to promote and encourage investment in national defense technology and production, the new law will provide incentives including tax exemptions and government supported financing.

In addition, the new law also stipulates that certain key defense materials should be prioritized for domestic production, including small arms and tactical vehicles to more complex weapon systems. It is reported that the defense industry in the Philippines is relatively small and capable of producing small arms and ammunition, but lacks the ability to produce advanced military equipment such as fighter jets.

01American dockworkers hold their first major strike in 47 years

Bloomberg reported that recently, dockworkers at all major ports on the East Coast of the United States and the Gulf of Mexico went on strike, marking the first large-scale strike by dockworkers on the East Coast in 47 years. The affected ports can handle up to half of the US trade volume, and the strike will result in the suspension of container and truck transportation. Preliminary estimates suggest that the daily economic losses will reach $3.8 billion to $4.5 billion.

It is reported that members of the International Longshore Workers Association are demanding higher wages and a complete ban on the automation of cranes, gates, and container handling trucks used for loading and unloading goods. US President Biden has instructed multiple senior government officials to intervene in order to push for an early agreement between labor and management.

02Vietnam's economy grew 7.4% in the third quarter

According to Agence France Presse, on October 6th, the Vietnamese Statistics Bureau released a statement stating that despite the severe damage caused by the deadly typhoon in early September, Vietnam's economy still grew by 7.4% year-on-year in the third quarter.

Typhoon Yagi In September, it swept across northern Vietnam, causing devastating floods and resulting in 345 deaths. Vietnam's agriculture, forestry, and fisheries have suffered severe damage, with economic losses reaching 3.3 billion US dollars. However, Vietnam's exports in the third quarter still increased by 15.7% compared to the same period last year. The Vietnamese government has set its economic growth target for this year at 6.8% to 7%, and the Asian Development Bank expects Vietnam's gross domestic product to grow by 6% this year.