According to North Korean news, North Korea recently announced that it will completely cut off its railways and highways connecting with South Korea from today onwards, and carry out defense facility fortification and reinforcement projects. The North Korean military stated that this is a self-defense measure to contain war and maintain national security.

The General Staff Department of the North Korean People's Army stated in a statement that due to the constant and frequent aggressive war exercises in the South Korean region bordering the southern border of North Korea, its intensity has been completely upgraded. In addition, the United States' nuclear strategic assets are constantly on the rise, and the other side constantly claims to end the North Korean regime. The sharp military situation on the Korean Peninsula requires the North Korean military to take stronger countermeasures to effectively safeguard national security.

02Thai court acquitted a member of parliament of offending the monarch

Bloomberg News: Recently, a Thai court acquitted an opposition party member of violating the Offence of Monarchy Act, which is a rare example of Thailand's acquittal for blasphemy against the monarch. It is reported that People's Party member Piara has been accused of posting signs criticizing the Thai king in Galaxin Province, northeast Bangkok, in 2021. According to Napon, the information officer of the human rights lawyer organization, it is rare for the royal family to be acquitted of defamation charges in Thailand.

The Thai monarch is protected by the law of offending monarchs and is not subject to any criticism, with the maximum sentence for each offense15 years imprisonment. Critics argue that the government is using this legislation to suppress dissent. Since 2020, over 270 people have been charged with offenses against the monarch.

military

01Israeli airstrikes on Syrian military strongholds

According to Syrian news, on October 10th, the Israeli military launched airstrikes on the central Syrian provinces of Homs and Hama, targeting a car assembly plant in the Homs industrial zone and a military stronghold in Hama.

Previously, the Israeli military claimed that they had struck and eliminated Hezbollah's cell organization in SyriaA member of the Golan terrorist network, Jahut. It is understood that Jahut is an intermediary responsible for conveying intelligence collected from Syria to Hezbollah. Hezbollah mainly relies on Syria to transport weapons and other equipment from Iran. But both the Syrian and Iranian governments deny that Iran has troops stationed in Syria. As the conflict between Israel and Hezbollah continues to escalate, Israel's attacks on targets within Syria have become more frequent.

01The number of bankruptcies of Japanese companies has reached an 11 year record

Bloomberg News: On October 8th, a report released by the Japanese research institution Imperial Database showed that the number of bankruptcies of Japanese companies in the six months ending in September this year reached the highest record since 2013. During this period, approximately 4990 companies went bankrupt, an increase of 18.6% compared to last year. Since the second half of 2022, the number of bankrupt companies in Japan has continued to increase.

It is understood that rising costs are the main reason for bankruptcies in the construction, manufacturing, and retail industries. In addition, labor shortages are also one of the reasons why Japanese companies are in trouble. Japan's unemployment rate has remained stable for over three yearsBelow 3% is the lowest level among developed economies.

02Xiyin UK business had a revenue of 1.55 billion pounds last year

According to Reuters, recently, cross-border e-commerce platform Xiyin disclosed data showing that its UK business earned £ 1.55 billion in revenue last year, which is 38% higher than the revenue earned from September 6, 2021 to the end of 2022.

It is reported that XiyinEstablished in Nanjing, China in 2008, later relocated its headquarters to Singapore. It provides affordable clothing to over 150 countries, including the United States, with its main suppliers coming from China. Last November, Xiyin secretly submitted a listing application to the US Securities and Exchange Commission, but encountered a series of regulatory obstacles. British officials also questioned whether Xiyin was suitable for listing in London and demanded stricter scrutiny of the company's business. Xiyin stated that it is strengthening corporate governance and compliance supervision.