On October 21st, UN Secretary General Guterres delivered a speech at the inauguration ceremony of the renovated Africa Hall in Addis Ababa, the capital of Ethiopia. He reiterated his call for global institutional reform, emphasizing the need to secure two permanent seats on the Security Council for Africa and provide stronger financial support to address the challenges faced by the continent.

Guterres stated that the challenges still facing the African continent, such as climate change, conflict, and poverty, require a place in UN negotiations. Currently, all member states have reached a consensus to establish two African member states as permanent members of the Security Council.

02Canada to curb immigration for the first time in a decade

Bloomberg News: Recently, it was revealed that Canada is expected to lower its annual permanent resident target to about 395000 people next year, a sharp drop of 21% from last year's target of 500000 people. This is the first time in over a decade that the Canadian government has taken action to reduce the number of migrants, marking the beginning of a new era for a country that once welcomed immigrants with open doors.

It is understood that permanent residents are an important component of Canada's immigration system, with a focus on introducing young and highly educated individuals to supplement its rapidly aging workforce. But in recent years, a large influx of immigrants has led to record population growth in Canada, exacerbating housing shortages, rising rents, strained public services, and driving up unemployment rates.

military

01North Korean leader Kim Jong un publicly inspects strategic missile base for the first time

According to the Korean Central News Agency,On October 23rd,North Korea releases multiple photos of Kim Jong un inspecting strategic missile bases, including those capable of striking the United States mainlandThe Mars 18 intercontinental ballistic missile and hypersonic missile. The photo shows Kim Jong un patrolling inside the underground bunker of the base.

This isNorth Korean leader Kim Jong un publicly inspected a strategic missile base for the first time and showcased weapons with nuclear strike capabilities. Analysis suggests that Kim Jong un's move is a response to international concerns about North Korea sending troops to Russia. Kim Jong un seems to be sending a signal to South Korea and the United States that despite North Korea sending large-scale troops to support Russia, its internal military preparedness and response capabilities remain stable.

01Malaysian palm oil prices hit a two-year high

Bloomberg reported that on October 23rd, the original palm oil futures price on the Malaysian Derivatives Exchange surged 2.9% to RM4514 per metric ton, the highest price since July 2022 and an increase of over 20% from the beginning of this year. When the market closed, palm oil was reported at 4486 ringgit per metric ton, an increase of 100 ringgit or 2.28%.

The rise in palm oil prices has put even greater pressure on already high global food prices. The key agricultural commodity index released by the Food and Agriculture Organization of the United Nations last month saw a significant increase3%, this is the largest increase since Russia invaded Ukraine.