Yearly Archives: 2024

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On March 20, local time, according to a report released by the Texas police in the United States, Anji Zhao (AC), chairman and CEO of Fumao Group, drove drunk into a pond on a ranch in Texas and drowned last month. Before Zhao Anji died, she called a friend for eight minutes. She also told the friend that she was going to die and said goodbye to her.

According to US media reports, the investigation concluded by the Blanco County Sheriff’s Office in Texas that Zhao Anji’s death was an unfortunate accident. Her blood alcohol concentration was 0233 grams per 100 milliliters, which was three times the state’s legal limit.

The report stated that police watched surveillance video from the scene, which showed Zhao Anji’s Tesla rushing forward, then reversing over the limestone wall, and rushing into the pond at about 11:38 pm on the 10th.

Blanco County Deputy Sheriff Robert Woodring (RW) said the release of the new detailed report also means that the investigation into Zhao Anji’s death has come to an end.

On February 10, 50-year-old Zhao Anji invited seven friends to a ranch near Johnson City (JC), west of Austin, Texas, for the weekend. Zhao Anji died after having dinner with her friends at the ranch on the evening of the 10th.

After Zhao Anji’s unfortunate death, Zhao Cheng re-served as chairman of Fumao Group, and Li Maike (ML) became president and CEO.

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　　ESSENTIAL KNOWLEDGE

　　

　　Bryan

　　

　　7/30/20248 min read

　　

　　Overview of the Legal Obligations of Employers

　　

　　1. Employment Contract

　　

　　Employers are required to provide a written employment contract to their domestic helpers. This contract should outline the terms of employment, including salary, rest days, job scope, and other relevant conditions.

　　

　　Key Elements of the Contract: The contract should specify the helper¨s duties, working hours, rest days, salary, benefits, and termination conditions.

　　

　　Signatures: Both the employer and the helper should sign the contract to acknowledge their agreement to the terms.

　　

　　Having a clear and comprehensive employment contract helps prevent misunderstandings and provides a reference point for resolving disputes. It should be drafted in a language that the helper understands to ensure full comprehension and mutual agreement. Providing a copy of the contract to the helper and keeping a signed copy for the employer’s records is essential.

　　

　　2. Work Permit

　　

　　Employers must apply for a work permit for their domestic helper through the Ministry of Manpower (MOM). The work permit is essential for legal employment in Singapore.

　　

　　Application Process: Submit the necessary documents and pay the required fees to obtain the work permit. The application can be done online through MOM¨s website, and it typically involves providing details about the employer, the helper, and the employment terms.

　　

　　Renewal: The work permit must be renewed before it expires. Employers should monitor the permit¨s validity and initiate the renewal process in advance. The renewal process also involves medical examinations and possibly renewing the security bond and insurance.

　　

　　3. Monthly Levy

　　

　　The employer is responsible for paying a monthly levy to MOM. The levy rate depends on the household¨s specific circumstances, such as whether there are young children, elderly, or disabled family members.

　　

　　Levy Rates: The standard levy rate is SGD 300 per month, while the concessionary rate is SGD 60 per month for eligible households. The concessionary levy can significantly reduce the financial burden on the employer.

　　

　　Payment: Ensure timely payment of the levy to avoid penalties. Levy payments can be made via various methods, including GIRO, and it¨s important to set up the payment system to avoid missing deadlines.

　　

　　4. Medical Insurance and Security Bond

　　

　　Employers are required to purchase medical insurance and provide a security bond for their domestic helpers.

　　

　　Medical Insurance: A minimum coverage of SGD 15,000 per year for inpatient care and day surgery is mandatory. This insurance protects both the helper and the employer in case of medical emergencies.

　　

　　Security Bond: A SGD 5,000 security bond (for non-Malaysian helpers) acts as a financial guarantee to the Singapore government. This bond can be in the form of insurance, which typically costs around SGD 50 to SGD 80 per year. The security bond ensures compliance with MOM regulations and covers potential repatriation costs or violations of employment terms.

　　

　　5. Settling-In Programme (SIP)

　　

　　First-time domestic helpers must attend the Settling-In Programme within three working days of arrival in Singapore. The SIP educates helpers on safety measures, living in Singapore, and their rights and responsibilities.

　　

　　Cost: The SIP costs SGD 75 and is a one-day course. Employers should ensure that their helpers attend this programme as it is crucial for their adjustment and understanding of local regulations.

　　

　　Enrollment: Employers should arrange for their helper to attend the SIP promptly. The programme covers essential topics such as emergency procedures, workplace safety, and cultural adaptation, which are vital for the helper’s well-being and integration.

　　

　　6. Rest Days

　　

　　Domestic helpers are entitled to one rest day per week. Employers and helpers can mutually agree to compensate rest days with payment if the helper agrees to work on her rest day (Minimum 1 Rest Day per month).

　　

　　Compensation Rate: The compensation should be at least one day¨s salary for each rest day worked. This ensures that helpers are fairly compensated for additional work and helps maintain their well-being.

　　

　　Agreement: Any agreement to work on rest days should be documented and mutually agreed upon. It¨s essential to discuss and formalize these agreements to prevent misunderstandings and ensure that the helper¨s rights are respected.

　　

　　7. Medical Check-Ups

　　

　　Domestic helpers must undergo regular medical check-ups to ensure they are fit for work. The first medical examination should be conducted within two weeks of the helper¨s arrival, followed by six-monthly check-ups.

　　

　　Cost: Employers are responsible for the cost of these medical examinations. Ensuring the helper’s health is a critical part of maintaining a safe and healthy work environment.

　　

　　Results: Employers should ensure the results are submitted to MOM promptly. Regular health checks help detect any health issues early and ensure that the helper remains fit for her duties.

　　

　　8. Fair Treatment

　　

　　Employers must treat their domestic helpers fairly and with respect. This includes providing adequate food, accommodation, and a safe working environment.

　　

　　Food: Provide nutritious meals that meet the helper¨s dietary requirements. Discuss the helper¨s dietary preferences and ensure that meals are balanced and sufficient.

　　

　　Accommodation: Ensure the helper has a suitable place to sleep with privacy and basic amenities. The living space should be clean, safe, and comfortable, contributing to the helper¨s overall well-being.

　　

　　Safety: Maintain a safe working environment and provide training on the use of household equipment. Employers should also ensure that the helper has access to necessary safety gear and knows how to handle emergencies.

　　

　　9. Repatriation

　　

　　Employers are responsible for repatriating their domestic helpers at the end of the employment contract or if the employment is terminated. This includes providing the necessary travel arrangements and covering the cost of repatriation.

　　

　　Travel Arrangements: Ensure that the helper¨s travel documents are in order and book the necessary transportation.

　　

　　Cost Coverage: The employer must cover the cost of repatriation, ensuring that the helper returns home safely.

　　

　　Rights of Domestic Helpers Under Singapore Law

　　

　　1. Right to a Written Contract

　　

　　Domestic helpers have the right to receive a written employment contract that clearly outlines their terms of employment. This contract serves as a reference point for resolving disputes and ensuring both parties understand their obligations.

　　

　　Clarity and Transparency: The contract should be written in a language the helper understands, ensuring full comprehension of the terms.

　　

　　Dispute Resolution: The contract serves as a legal document that can be used to resolve any disputes that may arise during the employment period.

　　

　　2. Right to Fair Compensation

　　

　　Domestic helpers are entitled to receive their agreed-upon salary on time and in full. Employers should provide a payslip or receipt for each payment to ensure transparency.

　　

　　Salary: Must be paid within seven days after the end of each salary period. This ensures that helpers are compensated promptly for their work.

　　

　　Payslip: Employers should issue a payslip detailing the salary amount and any deductions. This helps maintain transparency and allows helpers to keep track of their earnings. If a payslip is not available, there should be a signed record on the receipt of each payment.

　　

　　3. Right to Rest Days

　　

　　Helpers are entitled to one rest day per week (minimum 1 rest day per month). This rest day can be used for personal activities, rest, or socializing.

　　

　　Rest Day Agreement: Any agreement to work on rest days should be mutually agreed upon and documented. Helpers should have the freedom to enjoy their rest days without pressure.

　　

　　Compensation: Helpers should be compensated if they agree to work on their rest day. This ensures fair treatment and respect for the helper¨s time.

　　

　　4. Right to Adequate Accommodation

　　

　　Employers must provide domestic helpers with adequate accommodation that ensures their privacy and comfort.

　　

　　Private Room: Ideally, a private room with proper ventilation and basic amenities. This ensures that the helper has a comfortable and private living space.

　　

　　Shared Accommodation: If sharing, ensure the helper¨s privacy and comfort are respected. The living arrangements should be discussed and agreed upon by both parties.

　　

　　5. Right to Medical Care

　　

　　Helpers are entitled to medical care, including medical insurance coverage for inpatient care and day surgery.

　　

　　Medical Insurance: Employers must purchase medical insurance with a minimum coverage of SGD 15,000 per year. This ensures that helpers have access to necessary medical care without financial burden.

　　

　　Medical Check-Ups: Regular medical check-ups to ensure the helper is fit for work. Employers should ensure that the helper receives timely medical attention and that any health issues are addressed promptly.

　　

　　6. Right to Fair Treatment and Respect

　　

　　Domestic helpers have the right to be treated fairly and with respect. This includes freedom from abuse, harassment, and unfair treatment.

　　

　　Protection from Abuse: Employers must not abuse or exploit their helpers physically, emotionally, or verbally. Any form of abuse is a serious violation of the helper¨s rights and should be reported to the authorities.

　　

　　Complaint Mechanisms: Helpers can report any abuse or unfair treatment to MOM or other relevant authorities. Employers should be aware of these mechanisms and ensure that helpers are informed about their rights.

　　

　　7. Right to Privacy and Communication

　　

　　Helpers have the right to communicate with their family and friends. Employers should respect their privacy and allow them to make phone calls or use other means of communication.

　　

　　Communication Facilities: Provide reasonable access to communication facilities. This helps the helper stay connected with her family and support network.

　　

　　Privacy: Respect the helper¨s privacy during her rest time and personal activities. Employers should ensure that the helper has a private space for communication and personal activities.

　　

　　8. Right to Termination and Transfer

　　

　　Helpers have the right to terminate their employment contract and seek a transfer to another employer under certain conditions.

　　

　　Notice Period: Provide the agreed notice period as stipulated in the employment contract. This ensures that both parties have time to make necessary arrangements.

　　

　　Transfer Process: Follow the legal procedures for transferring to another employer. Employers should assist the helper in the transfer process and ensure that all legal requirements are met.

　　

　　9. Right to Proper Working Conditions

　　

　　Domestic helpers have the right to proper working conditions, including reasonable working hours, safe working environments, and access to necessary resources.

　　

　　Reasonable Working Hours: Employers should ensure that helpers are not overworked and have adequate rest periods.

　　

　　Safe Working Environment: Provide a safe and healthy working environment, including proper training on the use of household equipment and safety procedures.

　　

　　Access to Resources: Ensure that helpers have access to necessary resources and tools to perform their duties effectively.

　　

　　10. Right to Training and Development

　　

　　Domestic helpers have the right to training and development opportunities to enhance their skills and knowledge.

　　

　　Skill Enhancement: Employers can provide or facilitate training programs to help helpers improve their skills and knowledge. This benefits both the helper and the employer by enhancing job performance.

　　

　　Development Opportunities: Encourage and support helpers in pursuing development opportunities. This can include attending courses or workshops that are relevant to their job.

　　

　　11. Right to Dignity and Respect

　　

　　Domestic helpers have the right to be treated with dignity and respect at all times.

　　

　　Respectful Treatment: Employers should treat helpers with respect, acknowledging their contributions and ensuring that their dignity is upheld.

　　

　　Positive Working Relationship: Foster a positive working relationship based on mutual respect and understanding. This contributes to a harmonious and productive household environment.

　　

　　12. Right to Seek Help and Support

　　

　　Domestic helpers have the right to seek help and support if they face any issues or challenges during their employment.

　　

　　Support Networks: Encourage helpers to seek help and support from their support networks, including friends, family, and community organizations.

　　

　　Helplines and Services: Inform helpers about available helplines and services where they can seek assistance if needed. Employers should be supportive and understanding if helpers need to seek external help.

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Beijing, July 15 (Reporter Xie Xiyao) A spokesperson for the Ministry of Commerce said on the 15th that in order to safeguard the development rights and interests of China’s new energy vehicle industry, on March 26, China resorted to measures such as the U.S. Inflation Reduction Act on new energy vehicle subsidies. Respond to the WTO dispute settlement mechanism. As the United States failed to reach a solution through consultations with China, on July 15, China submitted a request to the WTO to establish an expert group.

The development of China’s new energy vehicle industry has made important contributions to global energy green transformation and climate change response. The spokesperson said that the U.S. Inflation Reduction Act takes the use of products from specific regions such as the United States as a prerequisite for subsidies, excludes products from WTO members such as China, artificially sets up trade barriers, and drives up the cost of green energy transformation. No matter how they are packaged and beautified, they cannot change the discriminatory, protectionist and violation of WTO rules of the subsidies involved. China resolutely promotes litigation procedures in order to safeguard the authority and effectiveness of the multilateral trading system with the WTO at its core and safeguard the joint international efforts to address climate change.

The spokesperson said that China agrees that WTO members implement industrial subsidies in a manner consistent with WTO rules, support green energy transformation, and promote economic and social development. China once again urges the United States to abide by WTO rules and stop abusing industrial policies to undermine international cooperation on climate change.

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According to a report by the Tass news agency on March 11, Budanov, Director of the Intelligence Directorate of the Ministry of Defense of Ukraine, said that Ukraine is preparing to take major actions in Crimea.

According to reports, the Information Service of the Intelligence Directorate of the Ukrainian Ministry of Defense quoted Budanov as saying on the Telegraph social platform: Our operations in the Black Sea are preparations for a major operation in Crimea.

The General Intelligence Directorate of the Ukrainian Ministry of Defense stated that all Ukrainian military operations in the Black Sea region from 2022 to 2023 are linked by the same strategic consideration, and the Ukrainian military’s attempt to attack the left bank of the Dnieper River in Kherson Oblast is also for the same purpose.

According to reports, the Ukraine television channel recently broadcast a film about the successful operations of the Ukraine armed forces and military intelligence in the region.

The report pointed out that Uzbekistan’s claim that it will take certain actions is due to the serious delay in aid by its allies. The U.S. Congress has been unable to approve spending to support Kiev for months, and supplies provided by EU countries cannot meet all the needs of the Ukraine military.

The report believes that for the Ukrainian army, the situation became more complicated after the fall of Afdeevka. If Washington does not provide new aid to Kiev, the Ukrainian army will soon face a new disaster. Uzbekistan is trying to attract the attention of Western allies with isolated and decentralized actions that some media exaggerate to shape opportunities that Kiev does not actually have. (Compiled by Wei Lianglei)

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According to a report by Newsweek on July 15, Ukraine President Zelensky issued a severe warning on the insufficient aid provided by allies to Ukraine for F-16 fighter jets. He said the number of F-16 fighter jets Ukraine received from allies this year was not enough to fight Russia.

Zelensky said at a press conference held in Kiev on the 15th: The decision to hand over F-16 fighter jets to Ukraine is strategic, but their number is not strategic.

U.S. Secretary of State Blinken said last week that Ukraine’s NATO allies have begun handing over U.S. -made F-16 fighter jets to Ukraine and announced that the fighters will fly over Ukraine this summer to ensure Ukraine can continue to effectively defend against Russia.

Reported that Denmark, Norway, the Netherlands and Belgium have promised to provide a total of more than 60 fighter jets to Ukraine this summer. However, Bloomberg News quoted unnamed sources as saying on July 12 that Ukraine may receive far less fighter jets this year than expected to receive only 6 this summer, and may receive 20 by the end of the year.

Zelensky told reporters: I can’t say now how many such aircraft (we) will have. But their numbers are not enough. They will certainly strengthen us, but whether these aircraft are comparable to the Russian aviation fleet is not enough. Do we expect more? Of course!

The report mentioned that on May 29, after Belgium promised to deliver the first batch of F-16 fighter jets to Ukraine this year, Russian Foreign Minister Lavrov issued a warning to the West. (Compiled by Long Jun)

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According to a report by TASS news agency on May 23, U.S. Secretary of State Anthony Brinken admitted that the United States cannot include Russia on the list of countries supporting terrorism because Russia is not such a country.

Reported that Blinken said at a hearing before the U.S. House Foreign Affairs Committee on the 22nd: Aggression is not a terrorist activity, it is two things.

When asked why the U.S. government did not listen to the calls of the Ukraine authorities and some Westerners and refused to include Russia on the list of countries supporting terrorism, Blinken said: First of all, regarding the designation of a country supporting terrorism, in addition to what Russia does in our view does not fall into such activities, there are also the following considerations: it may undermine certain multilateral cooperation and our coordination based on sanctions (against Russia).

Blinken pointed out: If we come to peace negotiations in the future, it will be extremely difficult to reverse this. You should put this into the game so that you can cross the finish line directly. He added: Another real problem is that it may hinder our proactive efforts to force Russia to pay Ukraine’s huge losses, including using Russian sovereign assets. If (Russia) is identified as a state supporting terrorism, these assets could be frozen during court proceedings.

Blinken said that the executive branch of the U.S. authorities already has sufficient power to take various restrictive measures against Russia and is actively using these powers. They are more precise in describing what Russia is doing. Moreover, we don’t want to encounter unforeseen consequences and derivative effects that may in fact complicate the process of achieving our goals. Blinken concluded.

Reports said that the United States may include countries that it believes have supported international terrorism on its list of countries sponsoring terrorism. The U.S. Treasury Department may take measures against legal persons, natural persons and countries that trade with countries on the list. Iran, North Korea, Cuba and Syria are all on this list. (Compiled by Liu Yang)

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Local time 18, the Argentine central bank confirmed that the face value of 10,000 Argentine pesos and 20,000 Argentine pesos will be officially put into circulation in June this year.

In recent years, the face value of banknotes issued by Argentina has been increasing due to persistent high inflation and serious currency depreciation. In 2016 and 2017, Argentina issued banknotes with a face value of 500 pesos and 1000 pesos respectively. The 2000 peso note, which went into circulation in May last year, is currently the largest denomination note on the Argentine market.

Argentina’s monthly inflation rate reached 132% in February, with a cumulative inflation rate of 2762% in the past 12 months, according to data released by Argentina’s National Bureau of Statistics on the 12th. (gong Xiangcheng, a reporter from the front desk)

Related news:

Buenos Aires, March 19 / PRNewswire-FirstCall-Asianet /– what is the effect of the reform since Argentine President Mile took office 100 days ago?

Press gallery h Wang Zhongyi

Since taking office in December last year, Argentine President Mile has launched a series of shock therapy reform measures aimed at saving the economy, with a view to reducing the fiscal deficit and controlling inflation. Among them, the two major reform measures proposed by the Mile government are still pending due to parliamentary procedures.

At present, Argentina has achieved a fiscal surplus for two consecutive months, and the inflationary pressure has eased somewhat, but the difficulties such as the increase in unemployment, the decline in industrial production and rising prices still exist. Analysts believe that whether the reform can be supported by Congress, whether inflation can be controlled and whether public anxiety can be calmed down are still challenges facing the Mile government.

The prospect of reform is uncertain.

In his first month in office, Mile launched two major reform measures, namely, the necessary emergency decree on the basis of Argentina’s economic reconstruction and the comprehensive bill called the foundation and starting point of Argentine freedom, covering the amendment or repeal of hundreds of laws and regulations, respectively, aimed at relaxing government and legal controls on economic names, reducing the fiscal deficit and facilitating import and export trade. In addition, Mile also devalued the Argentine peso significantly.

On March 14, the Argentine Senate voted down the necessary emergency decree signed by Mile, which will then be submitted to the Argentine House of Representatives for consideration and vote. According to Argentine law, even if the decree is rejected by the Senate, it can take effect as long as the House of Representatives votes to pass it; if the House of Representatives votes to reject it, the decree will be completely null and void. The comprehensive bill introduced by Mile has not been passed by Congress before, and is now planning to amend the provisions of the bill to be submitted to Congress for consideration.

Analysts believe that the resistance to Mile’s reform mainly comes from the left and trade unions. at present, as the ruling party and left-wing opposition parties do not have a majority in both houses, Mile still needs to win the support of centrist parties to promote the implementation of the reform.

Sun Hongbo, associate researcher at the Institute of Latin American Studies of the Chinese Academy of Social Sciences, believes that the Mile government intends to carry out a systematic and radical reform, but the relevant reform measures currently face various political checks and balances. Generally speaking, the Mile government is facing the constraints of many forces, such as the ruling coalition, left-wing political parties, local governments, trade unions and so on, and there is a lot of uncertainty about the prospect of its radical reform.

The plight of people’s livelihood needs to be alleviated.

Recently, a lot of news has been seen as positive by the Argentine government: Argentina’s central bank cut its benchmark interest rate to 80%, a fiscal surplus for two consecutive months, an easing of inflationary pressures, the International Monetary Fund approved a further $4.7 billion loan to Argentina, and Argentina completed a debt swap of more than $50 billion. Despite this, Argentine people are still plagued by rising unemployment, rising prices and other problems.

In March, Argentines ushered in the day to return to work and start school, but many people were laid off. Argentine media reported that companies said sales had fallen sharply and could not afford to hire so many employees. The dark clouds of unemployment, poverty and rising prices hang over the Argentine people.

Argentine sociologist Marcelo Rodriguez said the unemployment rate in Argentina is expected to rise in the future as more than 50, 000 jobs have been lost as a result of government cuts, layoffs and no longer injecting funds into public projects.

According to a recent report by Argentina’s Financial Circle, the latest report of the Argentine Federation of Industries showed that in January this year, Argentina’s industrial production index fell to 299%, the lowest level on record, and was in a contraction range of less than 50% for the seventh month in a row. The report said that the output of more than half of the small and medium-sized enterprises surveyed declined, and several sets of data showed that the plight of industrial production in Afghanistan intensified, with small and medium-sized enterprises bearing the brunt.

A staff member of the United Nations Children’s Fund (UNICEF) office in Argentina recently said that in the first quarter of 2024, the poverty rate of children and adolescents in Argentina will reach about 70%, and the rate of extreme poverty will reach 34%.

Since the beginning of this year, large-scale strikes and demonstrations have broken out in Argentina many times to oppose the reform measures of the Mile government. On March 18, a number of trade union organizations in Argentina launched a march in the capital Buenos Aires and other cities across the country. In January, a number of national trade unions and left-wing organizations in Argentina also held a national strike to protest against the Mile government’s reform measures ignoring the rights and interests of labor and social vulnerable groups, resulting in the suspension of services in banks, gas stations, airports, aviation, sanitation and other industries in many parts of Argentina.

The economy faces the challenge of stagflation

Argentine economist Gustavone believes that the Mile government has reversed the declining trend of Argentine dollar reserves after 100 days in power, but the country’s economy still faces the challenge of stagflation.

Inflation in Argentina was 132 per cent in February, down from 206 per cent in January and 255 per cent in December, according to the Argentine National Institute of Statistics and Census. The cumulative inflation rate in the past 12 months reached 2762 per cent. Rosendo Fraga, a researcher at Argentina’s National Institute of moral and political Sciences, believes that although the monthly inflation rate has decreased, inflation is still at a high level.

The International Monetary Fund (IMF) released a report on January 30 predicting that Argentina will face recession and rising inflation in the context of a sharp adjustment in economic policy. The report predicts that Argentina’s economy will contract by 28% in 2024.

Argentina’s TN news channel recently quoted Moody’s investor service, an international rating agency, as saying that the Argentine economy is expected to contract by 5% in 2024, far more than the 25% forecast in November 2023. In terms of inflation, Argentina’s inflation rate is expected to exceed 280% in 2024 and still exceed 220% in 2025. (source: Xinhua)

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According to a report by Russia’s Lenta on July 16, Slutsky, chairman of the International Affairs Committee of the Russian State Duma (lower house of parliament) and leader of the Liberal Democratic Party, said on the telegram social platform that Moscow will not participate in the peace summit on Ukraine’s conditions.

According to reports, on July 15, Ukraine President Zelensky proposed inviting Russia to attend the next peace summit.

I’m setting tasks so that we can come up with a fully mature plan in November, Zelensky said. After the plan is finalized, everything will be ready for the second summit.

Reported that the U.S. State Department expressed support for Ukraine’s decision to invite Russia to participate in the next peace summit. (Compiled by He Yingjun)

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According to a Reuters report on March 12, the Russian Ministry of Foreign Affairs summoned the Swiss ambassador to Russia on the 12th because the Swiss Parliament approved a motion authorizing the Swiss government to try to confiscate and transfer Russian assets and provide funds for compensation to Ukraine.

Reports said that Russia summoned Swiss Ambassador Krestina Matilan to protest against the adoption of the above motion by the Swiss Parliament. The motion authorizes the Swiss government to establish a compensation mechanism based on international law for countries that have suffered so-called illegal attacks.

The Russian Ministry of Foreign Affairs said: Russia strongly condemns this practice by the Swiss authorities, which seriously violates the basic principles and norms of international law on state immunity.

Any infringement of Russian state-owned property under the guise of a far-fetched compensation mechanism is nothing more than theft at the national level.

The Russian Foreign Ministry said Russia would retaliate if the Swiss plan was implemented. The Swiss Ministry of Foreign Affairs did not immediately respond to a request for comment.

Switzerland said last year it had frozen about 7.7 billion Swiss francs (US$88.1 billion) in financial assets belonging to Russians under sanctions designed to punish Russia for attacking Ukraine. (Compiled by Lu Di)

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Sydney, March 11 (Reporters Liang Youchang and Wang Qi) Chinese Ambassador to Australia Xiao Qian said on the 11th that the current world’s major changes unseen in a century are accelerating and many challenges are emerging one after another. China-Australia cooperation is not only in line with the common interests of the two countries, but also conducive to peace, stability and prosperity in the region and even the world.

Xiao Qian delivered a speech when attending the 2024 Australia Financial Review Business Summit in Sydney that day, saying that China and Australia are both important countries in the Asia-Pacific region. The economic structures of the two countries are highly complementary and pragmatic cooperation is mutually beneficial and win-win. To achieve this goal, it is crucial to establish a correct understanding of each other, deepen practical cooperation, and properly handle differences.

Xiao Qian said that this year marks the 10th anniversary of the establishment of a comprehensive strategic partnership between China and Australia. The so-called comprehensive means that China-Australia relations are not just cooperation in the economic and trade fields, but cooperation in any potential field and level. The so-called strategy means that the importance of bilateral relations transcends bilateral relations and has regional and even global significance. The so-called partner means that China and Australia should become mutually trusting friends rather than enemies, partners rather than opponents.

Xiao Qian said that practical cooperation between China and Australia is very important to both countries. The two sides should continue to consolidate and deepen cooperation in traditional fields such as energy, mining, agriculture, education, and tourism, and expand cooperation in emerging fields such as climate change, electric vehicles, artificial intelligence, health industry, green economy, digital economy, and technological innovation. These will help China and Australia open a new chapter of broader and mutually beneficial cooperation on the basis of continuously consolidating cooperation in existing fields.

Xiao Qian pointed out that both sides should focus on the overall situation, focus on consensus, respect each other’s core interests and major concerns, and manage differences in a proper, mature and intelligent way through friendly communication and consultation.

The 2024 Australia Financial Review Business Summit will be held in Sydney from March 11 to 12. Government officials such as Australia Foreign Minister Wong Ying-hsien, Treasury Secretary Chalmers, as well as opposition leader Dutton, local business executives, experts and scholars attended the meeting to analyze and study the international situation, focus on Australia’s future development, and explore cooperative measures to respond to challenges.