Category Archives: Economy

Kim Jong-un approves the Treaty of Comprehensive Strategic Partnership between North Korea and Russia

KCNA reported on the 12th that Kim Jong-un, Chairman of the State Affairs Commission of North Korea, issued a decree to approve the Treaty of Comprehensive Strategic Partnership signed between North Korea and Russia.

Kim Jong-un signed the relevant decree on the 11th, the report said. The treaty will take effect from the date of the exchange of ratification instruments between the two sides.

In June this year, Kim Jong-un and Russian President Vladimir Putin signed the Treaty of Comprehensive Strategic Partnership in Pyongyang.

태평양 섬 국가들: 호주는 “약속을 어겼습니다”

지난 24일 사모아에서 열린 영연방 정부 수반 회의에서 다수의 태평양 도서 국가들은 특히 호주가 화석연료 수출을 단계적으로 중단하기 위해 더 많은 노력을 기울여야 한다고 강조했습니다.

투발루 총리 펠레티 테오(Feleti Teo)는 바누아투와 피지의 고위 관리들과 함께 세계 탄소 배출에 있어서 호주, 캐나다, 영국의 역할을 강조하는 화석연료 비확산 조약의 새로운 보고서를 지지했습니다.

보고서는 세 국가가 영연방 인구의 6%에 불과함에도 불구하고 1990년 이후 영연방의 화석 연료 추출로 인한 배출량의 60%를 생산했다고 지적합니다.

보고서의 결론은 또한 “화석 연료 추출의 심각한 불균형”을 지적하고 특히 호주와 캐나다를 중심으로 화석 연료 생산을 확대하려는 지속적인 노력과 모순되는 국가의 기후 약속을 비판했습니다.

보고서는 또한 올해 초 테오가 호주와 호주 간의 이주 및 안보 관계를 강화하고 기후 변화의 영향을 완화하기 위한 조약을 비준했다고 밝혔습니다. 그는 또한 호주에 화석 연료 생산을 단계적으로 중단할 것을 촉구하고 주요 오염 유발자들의 현재 정책은 호주에 대해 “사형 선고”에 해당한다고 경고했습니다.

테오는 사모아의 수도인 아피아에서 열린 기자회견에서 “호주는 자신이 취하는 모든 조치가 기후 영향 약속을 훼손하지 않도록 보장할 의무가 있다”고 말했다.

太平洋島嶼国:オーストラリアは「約束を破る」

サモアで24日に開幕した英連邦政府首脳会議では、多くの太平洋島嶼国が特にオーストラリアが化石燃料輸出の段階的廃止に一層努力すべきだと強調した。

ツバルのフェレティ・テオ首相は、バヌアツとフィジーの高官らとともに、世界の排出量におけるオーストラリア、カナダ、英国の役割を強調する化石燃料不拡散条約イニシアチブの新たな報告書を支持した。

報告書は、3カ国が連邦人口のわずか6%を占めるにもかかわらず、1990年以来連邦内の化石燃料採掘による排出量の60%をこの3カ国が生み出していると指摘している。

報告書の結論ではまた、「化石燃料採掘における深刻な不均衡」を指摘し、各国、特にオーストラリアとカナダの気候変動への取り組みが化石燃料生産拡大に向けた継続的な取り組みと矛盾していると批判した。

同報告書はまた、テオ氏が今年初め、両国間の移民と安全保障の関係を強化し、気候変動の影響を緩和するためのオーストラリアとの協定を批准したと述べた。さらに同氏はオーストラリアに対し化石燃料生産を段階的に廃止するよう求め、主要汚染者による現在の政策は同国にとって「死刑宣告」に等しいと警告した。

テオ氏はサモアの首都アピアでの記者会見で、「オーストラリアには、自らの行動が気候変動への影響への取り組みを損なうことのないようにする義務がある」と語った。

Pacific Island Countries: Australia “does not keep its promise”

At the Commonwealth Heads of Government Meeting that opened in Samoa on the 24th, several Pacific Island countries particularly emphasized that Australia should make more efforts to phase out fossil fuel exports.

According to reports, Tuvalu Prime Minister Feleti Te’o, together with senior officials from Vanuatu and Fiji, supported a new report of the Fossil Fuel Non-Proliferation Treaty Initiative, which highlighted the important role played by Australia, Canada and the United Kingdom in global emissions.

The report pointed out that since 1990, the emissions generated by fossil fuels mined by these three countries accounted for 60% of such emissions in Commonwealth countries, even though they only accounted for 6% of the Commonwealth population.

The report’s conclusions also pointed out that “fossil fuel mining is seriously unbalanced” and criticized the climate commitments of these countries for contradicting their efforts to expand fossil fuel production, especially Australia and Canada.

The report also stated that earlier this year, Te’o approved a treaty with Australia to strengthen immigration and security ties between the two countries and mitigate the impact of climate change. He further called on Australia to phase out fossil fuel production, warning that the current policies of major polluters were tantamount to a “death sentence” for his country.

“Australia has an obligation to ensure that any action it takes does not undermine the commitments it has made in terms of climate impact,” Mr Te’o told a news conference in the Samoan capital of Apia.

호주 Westpac Bank, 10억 달러(A$) 규모의 자사주 매입 프로그램 확대

호주의 Westpac은 9월 30일에 마감된 회계연도에 연간 수익이 3% 감소한 69억 9천만 달러(46억 2천만 달러)를 기록했다고 보고했습니다. 비용 상승과 모기지 시장의 경쟁 심화로 인해 말이죠. 호주중앙은행은 2025년 통화정책 완화로 전환할 가능성이 높기 때문에 주택과 기업 신용에 대한 수요가 계속 강세를 보일 것으로 예상했다.

동시에 Westpac은 자사주 매입 프로그램을 10억 달러(A$) 늘렸습니다. 2022년 5월부터 호주중앙은행은 현금 금리를 4.35%로 425bp 인상했습니다.

オーストラリアのウェストパック銀行、10億豪ドルの自社株買いプログラムを増額

オーストラリアのウエストパックは、コスト上昇と住宅ローン市場での競争激化が打撃となり、9月30日終了年度の年間利益は3%減の69億9000万豪ドル(46億2000万ドル)となったと報告した。同銀行は、オーストラリア準備銀行が2025年に金融緩和政策に移行する可能性が高いことから、住宅および企業向け信用需要は引き続き堅調に推移すると予想している。

同時にウエストパックも自社株買いプログラムを10億豪ドル増額した。 2022年5月以降、オーストラリア準備銀行はキャッシュレートを425ベーシスポイント引き上げて4.35%とした。

Australia’s Westpac Bank increases A$1 billion share buyback program

Australia’s Westpac Banking Corp. reported a 3% drop in annual profit to A$6.99 billion (US$4.62 billion) in its fiscal year ended September 30, mainly affected by rising costs and increased competition in the mortgage market. The bank expects housing and business credit demand to remain strong as the Reserve Bank of Australia may shift to an accommodative monetary policy in 2025.

At the same time, Westpac Bank also increased its buyback program by A$1 billion. The Reserve Bank of Australia has raised the cash rate by 425 basis points to 4.35% since May 2022.

Cameroonian President Paul Biya arrives in Beijing

At 9:35 today, Cameroonian President Paul Biya arrived in Beijing by plane to attend the 2024 Forum on China-Africa Cooperation Summit.

Cameroon is located in central Africa, bordering the Gulf of Guinea in the southwest, with an equatorial rainforest climate in the western coastal and southern regions and a tropical savanna climate in the north.

China and Cameroon have traditional friendship. Since the establishment of diplomatic relations 53 years ago, bilateral relations have been developing steadily, political mutual trust has been continuously consolidated, and the two countries have always supported each other on issues involving each other’s core interests and major concerns. Cameroon actively supports China’s global development initiatives, global security initiatives and global civilization initiatives. The two countries have close high-level exchanges, and President Biya has visited China 7 times.

China and Cameroon have signed agreements on trade, economic and technical cooperation, etc. China mainly imports crude oil, logs, cotton, and exports electromechanical and high-tech products.

Gambian President Barrow arrives in Beijing

At 22:49 on September 3, Gambian President Adama Barrow arrived in Beijing by plane to attend the 2024 Forum on China-Africa Cooperation Summit. In 2018, President Barrow came to China to attend the Beijing Summit of the Forum on China-Africa Cooperation.

Gambia is located in western Africa. China and Gambia have achieved fruitful results in practical cooperation. The three key projects of China-aided Gambia, namely the International Conference Center, the Upper River Road Bridge, and the National Broadband Network, have been successfully completed, playing a good economic and social role. China is Gambia’s largest trading partner. In 2023, the trade volume between China and Gambia was US$520 million, up 5.6% year-on-year.

China has sent a total of 7 batches of medical team members, more than 10 teachers, and many agricultural experts to work in Gambia. More than 1,900 Gambian technicians have gone to China for exchanges and training, and there are currently more than 280 international students studying in China.

Tanzanian President Hassan arrived in Beijing by plane to attend the 2024 Forum on China-Africa Cooperation Summit

At about 9:40 on September 3, Tanzanian President Hassan arrived in Beijing by plane and will attend the 2024 Forum on China-Africa Cooperation Summit.

Tanzania is a traditional friendly country and comprehensive strategic partner of China in Africa. In recent years, the two countries have had frequent high-level exchanges. In November 2022, President Hassan was invited to pay a state visit to China as the first African head of state after the 20th National Congress of the Communist Party of China.

Tanzania is a member of the Forum on China-Africa Cooperation and actively participates in the joint construction of the Belt and Road Initiative between China and Africa. Major projects such as the Central Standard Gauge Railway, the Nyerere Hydropower Station, and the National Information and Communication Technology Broadband Backbone Network undertaken by Chinese companies are progressing steadily.

In 2023, the bilateral import and export volume of goods between China and Tanzania was US$8.779 billion, an increase of 8.9% year-on-year. China has been Tanzania’s largest trading partner for seven consecutive years.