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January 17th Qingqiao Morning Post | Nippon Steel and US Steel file lawsuits against the US government
Release time:2025-01-17 Source: Qingqiao Number of views:

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Deep roots and lush leaves, solid branches bring glory
Today in history:239 years ago today, French astronomer M é zanne discovered Comet Encke. In 1818, French astronomer Encke calculated the orbit of the comet with a period of 3.3 years, making it the second comet to return as predicted after Halley's Comet. It has returned 57 times since its discovery to the present day. But scientists have detected that the orbit of this comet is getting smaller and smaller, with each return shortening its period by three hours. It is expected that it will eventually fall into the sun or break apart on its own.
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Politics
01Canadian Prime Minister Trudeau announces resignation

Lianhe Zaobao News,On January 6th,Canadian Prime Minister Trudeau announced that he will resign from his position as Prime Minister and continue to serve as Prime Minister until a new leader is elected by the Liberal Party. Trudeau took office in November 2015 and was successfully re elected twice, becoming one of Canada's longest serving prime ministers. However, due to rising prices and housing shortages causing public dissatisfaction, his approval rating began to decline two years ago and has yet to recover.


Since he last yearAfter attempting to dismiss Finance Minister Fang Huilan in December,Canadian politicsThe demand for his resignation has sharply increased. Fang Huilan isOnce wasOne of Trudeau's closest allies in the cabinet, but she clashed with him over her opposition to Trudeau's spending plan. Fang Huilan finally announced her resignation and sent a letter accusing Trudeau's actions of political calculation, not forrealNational interests.

02South Korean court issues detention order for Yoon Seok yeol again

According to Yonhap News Agency, a joint martial law investigation team composed of the Criminal Investigation Agency for Senior Public Officials, the National Police Agency, and the Investigation Department of the Ministry of National Defense recently announced that the South Korean court has approved another crackdown on the PresidentYin XiyueIssue a detention order. After the announcement of the news, Wu Dongyun, the director of the Public Prosecution Office, said during a questioning session at the South Korean National Assembly that in order to ensure the successful arrest of Yoon Seok yeol, the validity period of this arrest warrant will not be publicly disclosed for the time being.


It is reported that South Korean arrest warrants are usually valid for seven days. However, due to anticipated difficulties in executing the arrest warrant, the extension of the warrant may exceed seven days.On January 3rd, the South Korean Criminal Investigation Agency, along with a joint investigation team and 90 police officers, attempted to enter the presidential palace and arrest Yoon Seok yeol, but failed to evacuate after confronting the Presidential Guard for five and a half hours.


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military

01North Korea successfully launches ballistic missile

Seoul Comprehensive News,On January 6th,US Secretary of State Antony Blinken Visits South KoreaNorth Korea launchesI got itA ballistic missile, this is the first time North Korea has fired a missile this year.It is reported that,The missile launched by North Korea flew over 1100 kilometers before crashing into the sea. The South Korean military is strengthening surveillance and vigilance, closely sharing North Korean ballistic missile intelligence with the United States and Japan, and maintaining a comprehensive response posture.


This is North Korea enteringThe first ballistic missile launch since 2025 was on November 5, 2024. North Korea has not fired a missile since former Republican President Trump won his second presidential term, and this time the missile was fired during Trump's presidencysoonOath of officeperiod,He used to be tough on North Korea, but later met with North Korean leader Kim Jong un three times.


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Economics

01Nippon Steel and US Steel file lawsuits against the US government

According to Xinhua News Agency,On January 6th,Nippon Steel Corporation and US Steel Corporation have officially filed a lawsuit against the Biden administration, accusing Biden and other senior government officials of "illegally interfering" with Nippon Steel's acquisition of US Steel and infringing on the legitimate rights of the company.


It is reported that,haveAmerican Steel, with a history of 124 years, has been looking for buyers before. In December 2023, Nippon Steel announced plans to acquire American Steel for $14.9 billion, and American Steel held an extraordinary shareholders' meeting in April 2024 to approve the acquisition plan.this yearOn January 3rd, the President of the United StatesBiden issues statementcallThis acquisition'Poses risks to national security and critical supply chains', and orders Japan Steel and US Steel to permanently abandon acquisitions within 30 daysPlan.

02Financing for India's aerospace industry drops by 55%

According to Reuters, recent data shows that financing for the Indian aerospace industry has decreased by 55% in 2024, from $130.2 million in 2023 to $59.1 million, marking the first financing decline in the Indian aerospace industry in the past five years.


It is reported that fromFrom 2020 to 2024, Indian aerospace startups raised $353.5 million in 72 rounds of funding. The Indian government approved a fund of approximately $119 million in October last year, aimed at supporting space startups and expanding India's share of the global commercial space market by 2033. Despite the current decline in financing, industry insiders expect a rebound in 2025.


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security

01UK strengthens crackdown on human trafficking

According to Agence France Presse, the UK government has recently announced new regulations that would impose travel bans, ban social media, and restrict phone usage on individuals suspected of human trafficking. The government will also give law enforcement officers greater power to track and stop human trafficking gangs.


It is reported that last yearBritish Prime Minister Stamer, who took office in July, sees curbing illegal immigration as his top priority. Data shows that in 2024, over 36900 people crossed the English Channel to reach the UK, an increase of 25% compared to the previous year.


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Culture
01Oxford English Dictionary newly includes seven Korean buzzwords

According to Yonhap News Agency, recently, according to the official website of the Oxford English Dictionary, the updated version of the Oxford English Dictionary in December 2024 includes seven Korean buzzwords, adding Korean vocabulary to the Oxford English Dictionary after more than three years.


The newly added Korean words this time includeDalgona (caramel cake), hyung (brother), noraebang (karaoke bar), maknae (youngest), jjigae (soup pot), tteokbokki (spicy stir fried rice cake), pansori (bansori). It is reported that the newly added vocabulary is mainly well-known due to the popularity of Korean movies, TV dramas, popular music, and cuisine in English speaking countries and regions.







Financial Newsletter
The Wall Street Journal reported that recently, the yield of the US 10-year treasury bond bond jumped to 4.677%, the highest level since last May.


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